Seattle WA Real Estate Statistics for February 2012 [Video]
King County Home Trends and Values. Learn where the market is going, what is affecting Seattle WA Home Prices and why.
A class on WA Real Estate Statistics where we dove into Seattle WA Real Estate Statistics and the market. How the market is being affected by Bank Owned Properties, Short Sales, the Economy, etc. and When did King County Real Estate Peak?
Seattle WA graphs and pictures used in this presentation:
Seattle WA Home Values and Trends Video:
Hi, this is Anton Stetner with the Real Estate Solutions Group at Keller Williams Realty. Hey, we’re going to talk with you real quick about Seattle real estate statistics for February 2012.
Right now, what’s happening here in the city of Seattle, your average property that is selling is a 3 bed, 2.05 bath. I don’t know how they get the 2.05, but that’s what it averages out to, and it’s 2,176 square feet. It’s selling for an average sales price of $446,739. There were 319 sales for February, for a total of $142.5 million in sales.
One thing that’s really interesting is when we compare February of this year to February of last year, there is almost no change in the average price, like literally to be exact, it was up $541. So that’s just spot on. However, when we go in and we compare the year-to-date, the year-to-date is more reflective of what we’ve been seeing in overall King County. Year-to- date in Seattle, the average price is down 10.7%, with sales being up 4.7%.
Once again, here in the city of Seattle what we’re starting to feel is we’re starting to feel upward price pressure. In stuff that is below the median price, we’re seeing inventory starting to get real scarce in that area. We’re also seeing a lack of foreclosure inventory coming on to replace it, and not enough new construction there to keep up with demand. So we expect the trend for the future just to be tightening up there, be a really competitive buyer market, and for it to kind of remain in that beginning stages of a seller’s market.
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If you guys have any more thoughts and questions, please leave them below or shoot us a phone call, email, text message, or a smoke signal. Thanks everyone, I’m Anton.
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