November 2018

NOVEMBER REAL ESTATE BLOG

I hope you all had a lovely Thanksgiving and gearing up for the New Year. If you have been reading the Seattle Times you are probably all very concerned about the state of our housing market. Yes the market has changed, the good news is that we now appear to be moving into a more balanced market, Realtors and sellers all need to take a collective deep breath and remember we have had 4 years of double digit house appreciation. Note that the first half of this year had an 8.5% increase in sale prices, and then retracted in the second half for a net increase of approximately 4%. For those of you interested in stats check out Alan Pope’s website alanpope.com under Market Overview.  Alan is an Appraiser and has been in the business since 1992 so has seen many market cycles.

November 2018 saw a slowing of new listings, which is a consistent year over year trend (last November there were only 2 new listings), and only one home went pending. If your look at this years median sales price of $2,160,000 compared to last November’s median sales price of $1,419,000, Not bad!

I wish you all a Happy Holiday Season!

ACTIVE LISTINGS

Address List Price Beds/

Baths

Year

Built

Sq.Ft CDOM Price

p/sq.ft

*5038 48th Ave NE $850,000 2/1 1948 1,350 21 $629.63
4546 51st Ave NE $1,595,000 4/2.25 1939 2,140 43 $745.33
4215 55th Ave NE $2,165,000 5/3.25 1958 3,760 113 $575.80

* Listed & under contract in November

DOM as of 11/3/18

 

PENDING INSPECTION IN NOVEMBER

Address List Price Beds/

Baths

Sq.Ft. CDOM
*5038 48th Ave NE $850,000 2/1 1,350 21

 

SOLD IN NOVEMBER

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

p/sq.ft

Date Sold
5402 NE 54th St $849,950 $888,000 3 2/1.75 1,830 $485.25 11/20
3665 50th Ave NE $1,535,000 $1,535,000 7 4/3.25 2,880 $532.99 11/21
4214 53rd Ave NE $2,450,000 $2,160,000 79 4/3 3,671 $588.40 11/30
3871 46th Ave NE $1,950,000 $2,250,000 2 4/3 3,240 $694.44 11/28
3516 46th Ave NE $2,932,500 $2,725,000 117 6/4.5 4,400 $619.32 11/30
Averages $1,911,600 42 $584.08

Median Sales Price = $2,160,000

CDOM = Cumulative Days on Market

 

Posted on January 8, 2019 at 10:10 pm
Kim O. Dales | Category: Uncategorized

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