Thursday, June 16, 2011

Queen Anne and Magnolia Home Values

From January to May home values in the Seattle neighborhoods of Queen Anne and Magnolia have been slowly increasing. However when comparing May of 2010 to May of 2011 both the median and average home price is off by 15%. So far 2011 has been a tough year on home prices in Queen Anne and Magnolia.

The number of pending and closed homes sales were strong in May with 57 homes pending and 51 homes closed.

Tuesday, June 14, 2011

Northwest Seattle Home Values

The median home value in northwest Seattle was relatively flat for May at $402,500, and the average dipped to $435,128. When comparing May of 2010 to 2011 the median home price moved up $1,000 while the average moved down approximately $8,500. This includes the neighborhoods of Ballard, Fremont, Wallingford, Green Lake, Greenwood, Broadview and Haller Lake.

The number of pending sales moved up to 177. While the number of homes that closed was 128.

King County Home Values

King County's median home value slid down by approximately $5,000 in May to $345,000. The average moved down as well by approximately $17,000 to $420,145. When comparing may of 2010 to 2011 the median is down 9.0% and the average is down 8.4%.

The number of homes that sold rose to 1,654, and the number of homes that went pending rose to 2,485 in May. These numbers should continue to rise in June.

Friday, June 10, 2011

May 2011 - Seattle Homes Selling Faster

When comparing May 2011 vs. May 2010, homes are selling faster in central and north Seattle, Washington.

Queen Anne and Magnolia: 58 vs. 116

Capital Hill and Madison Park: 57 vs. 132

Ballard and Green Lake: 42 vs. 91

U-District and Lake City: 41 vs. 101

The number of days a home is on the market is a good indicator of how active the real estate market is in an area. Typically, homes that sell in fewer days have a selling price that is closer to the listing price.