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.
|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
|5133 NE 55th St||$1,485,000||4/2.5||2,479||57|
PENDING IN DECEMBER
|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/
|4512 NE 40th St||$1,695,000||$1,816,000||4||4/2.25||3,440||$527.91||12/3|
Median Sales Price = $1,816,000
CDOM = Cumulative Days on Market