December RE Blog

DECEMBER AND YEAR END REAL ESTATE BLOG

December of 2018 was very quiet with only 3 new listings and only 1 sold property. December 2017 didn’t have any new listings so this is a 300% increase from last year. The days on market have definitely increased. This trend actually started at the beginning of this summer.

Looking at the year in review 62 homes were sold in 2018, which is 2 less than 2017. Fifty of these homes  were in the Beach Club. The average sale price soared to $2,043,062 which in part can be attributed to an $11,000,000 waterfront property that sold this summer. The median housing price was up $125,000 from last year at $1,595,000.

With the volatility in the stock market the Seattle market remains strong. It will be interesting to see what happens in our first quarter of the housing market. For more analysis I would refer you to Windermere’s Chief Economist, Matthew Gardner 2019 forecast Matthew Gardner 2019 Economic Forecast

Happy New Year Everyone.

Kim Dales

ACTIVE LISTINGS

Address List Price Beds/

Baths

Year

Built

Sq.Ft CDOM Price

p/sq.ft

5143 46th Ave NE $750,000 2/1 1943 1,020 11 $735.29
3711 NE 43rd St $1,300,000 4/2.75 1930 2,320 32 $560.34
4546 51st Ave NE $1,595,000 4/2.25 1939 2,140 78 $745.33
4525 49th Ave NE $2,275,000 5/5.25 2018 4,158 26 $547.14

 

PENDING INSPECTION IN DECEMBER

Address List Price Beds/

Baths

Sq.Ft. CDOM
5133 NE 55th St $1,485,000 4/2.5 2,479 57

 

PENDING IN DECEMBER

Address List Price Beds/

Baths

Sq.Ft. CDOM
5038 48th Ave NE $850,000 2/1 1,350 21
4215 55th Ave NE $2,165,000 5/3.25 3,760 120

 

SOLD IN DECEMBER

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

p/sq.ft

Date Sold
4512 NE 40th St $1,695,000 $1,816,000 4 4/2.25 3,440 $527.91 12/3
Averages $1,816,000 4 $527.91

 

Median Sales Price = $1,816,000

CDOM = Cumulative Days on Market

 

Posted on February 4, 2019 at 6:53 pm
Kim O. Dales | Category: Uncategorized

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