Capital Hill Home Values

Pending and closed homes sales in the Seattle neighborhoods of Capital Hill/Madison Park rose dramatically in March with 81 homes pending and 68 closed.

The home values jumped back up to just above February's value with a median of $477,000 and an average of $649,795.

Central Seattle Home Values

As with other areas of Seattle Washington the number of pending homes sales was skyrocketing in March in central Seattle with 141 homes pending. Closed home sales moved up too with 52 homes closed.




The home values moved up as well with a median of $473,250 and an average of $589,126. February looks to be the low point for 2011.

Northeast Seattle Home Values

In northeast Seattle Washington the number of pending sales and closed home sales is skyrocketing with 127 homes pending and 73 homes closed. Buyers are moving into the market.



The median home value for northeast Seattle moved up in March to $388,000. While the average dropped to $472,666. February may be the low point for the median home price in 2011.

Northwest Seattle Home Values

Like north Seattle as a whole the number of pending sales skyrocketed in northwest Seattle. However the number of homes sold also skyrocketed. Pending sales jumped up to 175 and closed sales jumped up to 140. Buyers are moving into the market. The median and average home values perked up a little as well in March with a median of $377,475 and an average of $407,744.

North Seattle Home Values

In north Seattle the number of pending sales is skyrocketing and closed home sales are leveling off with 235 homes pending and 127 homes closed. Buyers appear to moving into the market to take advantage of low prices and spring weather.




The median home values for north Seattle moved up in March with a median of $382,738. While the average moved down to $440,205. February will likely be the bottom for the median value in 2011.

King County Home Values

The median and average home values for King County Washington rose slightly in March with a median of $345,000 and an average of $420,118. February may be the low point for 2011. The number of pending sales is skyrocketing and closed home sales are moving up with 2,435 homes pending and 1,525 homes closed. Buyers appear to moving into the market to take advantage of low prices and spring weather.

Custom Website for Home Sellers

In the real estate market today the primary method for finding homes for most Buyers is by way of the Internet. A home that is not showcased well will suffer and poor quality photographs are a sure way to keep potential Buyers away.

Currently I'm offering my clients a custom built website that features their home on the Internet. It includes professional quality photographs, and video tour as well as information about the schools and community. It is then marketed to drive traffic to the Website.

Good news! In the end this saves Sellers time and effort. The goal is to get educated Buyers to recognize that the listing is something special.

Visit http://www.trilliumnine.com/ or http://www.bitterlakere.com/ to view samples of what is offered.

Make your home a "must see." Contact me for more information at 206-930-8238.

Northeast Seattle Home Values

The median and average home values in February for the neighborhoods in northeast Seattle, Washington was $378,950 and $523,303. This includes the U-District, Ravenna, Bryant, Laurelhurst, Windermere, Sandpoint, View Ridge and more. Values were down to a new low in the last six plus years. 51 homes sold while 90 are pending to sell. After a cold winter the real estate market appears to be heating up with the coming of spring.

Queen Anne and Magnolia Home Values

Home prices in the Seattle, Washington neighborhoods of Queen Anne and Magnolia rose slightly in February. The median and average home price was $510,000 and $595,719.

27 homes sold while 43 are pending. Spring is here so homes sales will likely begin to improve.

Statistics provided by the NWMLS.

Northwest Seattle Home Values

The median and average home values in February for the neighborhoods in northwest Seattle, Washington was $375,000 and $396,209. This includes the neighborhoods of Ballard, Greenlake, Wallingford, Greenwood, Broadview and more. Values were down to a new low in the last six plus years.

The number of homes sold dropped to 73 while pending sales rose to 145. It appears home Buyers are moving into the market with the coming of spring.

Capital Hill and Madison Park Home Values

The median and average home values in February for the Seattle, Washington neighborhoods of Capital Hill and Madison Park was $475,00 and $636,071. Values are down in this area, but they have held there value better than the average home in King County.



43 homes sold and 53 are pending.

King County Home Values

Home prices in King County Washington continued to drop in February. The median and average home price was $334,000 and $413,869. This is likely the low point for 2011.

1,003 homes sold in King County which was slightly below January, while 1,962 homes were pending in February. The number of pending homes is climbing quickly, which is a sign that the market is heating up for the spring.

RE/MAX Internation Convention

I'm at the RE/MAX International Convention in Los Vegas this week. I spent the day getting tips to help improve my business. Here are a few ideas that jumped out to me.

"People don't care how much you know until they know how much you care." -Joe Theismann

SlyDial - Phone calls go automatically to voicemail. www.SlyDial.com

QR Codes - An easy way to link to a web address using a smart phone

Photaf - App that always one to create a panoramic image using a Droid.

VidTrim - App that always one to edit videos on a smart phone

Queen Anne and Magnolia Home Values

The median priced home in Queen Anne and Magnolia neighborhood of Seattle in January was $475,000 and the average was $608,075. The median value is the lowest since 2005.

33 homes sold and 48 homes were pending in January.

Capital Hill and Madison Park Home Values

The median price of homes in Capital Hill and Madison Park area of Seattle was $500,000 in January and the average was $663,778.

63 homes sold in January and 56 homes are pending in January.

Northeast Seattle Home Values

The median value of homes in northeast Seattle slipped down to $399,475 in January and the average was $528,857.

44 homes sold and 84 were pending in January.

Northwest Seattle Home Values

In January the median home price in northwest Seattle slid down to $400,000 and the average moved down to $424,982. It is typical for home values in January to move down.

83 homes sold and 117 were pending to sell. As spring moves closer the number of homes sold should continue to rise.

King County Home Values

With a value of $356,000, the median home in King County slid down to a two year low in January 2011. The average value was $348,943.

1017 homes sold in January with 1649 pending.

New Post

It has been a long time since I last posted anything on my blog. With the new year I plan to get back to blogging. Stay tuned for information about home values, new homes on the market, and homes that have recently sold.

Zillow.com

From time to time I’m asked my opinion of Zillow.com’s “Zestimate”. Personally I believe Zillow to be a good tool for one to get a general idea of what is happening in the real estate market.

However, I caution homeowners not to put a lot of faith in the Zestimate tool for an individual home. From time to time after I’ve done a comparative market analysis (CMA) for one of my clients, I’ll compare it with Zillow and have found it sometimes high and sometimes low. I feel the accuracy on an individual property is questionable.

Zillow discloses the accuracy of its Zestimate. A link can be found at the bottom of the home page titled “Zestimate Values & Accuracy”. For example, according to their statistics in Seattle, 75% of the time they are within 20% of a home’s value, 51% of the time they are within 10% of a home’s value, and 28% of the time they are within 5% of a home’s value. For this they give themselves a 4 star rating which is their highest rating.

http://www.zillow.com/howto/DataCoverageZestimateAccuracy.htm

I am confident when I say that a Realtor who has knowledge of a neighborhood will provide a much more accurate value of a home.