West Seattle Real Estate – EastsideHomes.com

March 2014 Real Estate Market Update – Northwest MLS brokers report mixed results for March, but suggest “only lack of inventory is holding back sales”

Tony Meier — Thu, 03 Apr 2014 22:38:38 +0000

KIRKLAND, Wash. (April 3, 2014) – Northwest Multiple Listing Service brokers reported rising prices on fewer sales during March compared to a year ago, citing inventory shortages as the main reason.

Members of the MLS reported 9,183 pending sales (mutually accepted offers) during the month, about 300 fewer than the same period a year ago for a 3.2 percent drop. Compared to February, pending sales surged 26.7 percent in March, or by 1,936 transactions.

“The only thing holding back sales is the lack of inventory,” said John Deely, a member of the Northwest MLS board of directors. He said one recent listing priced at a fair market value drew more than 40 offers. “The depth of buyer demand appears to have no bottom in the most popular price ranges,” added Deely, the principal managing broker at Coldwell Banker Bain in Seattle.

Closed sales were about the same as twelve months ago – 5,753 completed transactions last month, which compares to the year-ago total of 5,745 closed sales.

The median price on last month’s sales of single family homes and condominiums that sold across the 21 counties in the MLS report increased 6 percent, rising from the year-ago figure of $258,500 to last month’s price of $274,000.

Adequate supply to meet demand is a continuing concern, according to Northwest MLS representatives who commented on the latest numbers. Many industry leaders expect the imbalance to persist.

“Once again we entered the year with a low inventory of homes for sale, and we believe the shortage will persist through this year and into 2015 in price ranges where 90 percent of sales activity is occurring,” said J. Lennox Scott, chairman and CEO of John L. Scott Real Estate.

MLS members added 9,598 new listings to the database during March, slightly more than a year ago when they added 9,332 new listings. While last month’s additions were about 33 percent more than February when 7,234 new listings were tallied, brisk sales meant supply remained low.

At month end, the Northwest MLS reported 19,736 active listings of single family homes and condos across its service area. That’s up about 6.7 percent from twelve months ago.

The MLS said there is about 3.6 months of supply, which is down from the end of February when the service reported about 4.6 months of supply. King County has only about 1.8 months of supply, while Snohomish County was slighter better with 2.2 months of supply.

In general, industry analysts say four-to-six months is the supply needed for a balanced market. “We need a housing supply of over 6 months to have a generally balanced market between home buyers and sellers,” stated Lawrence Yun, chief economist and senior vice president of research at the National Association of Realtors®.

“There are many reasons potential sellers should consider selling now,” said Mike Gain, CEO and president of Berkshire Hathaway HomeServices Northwest Real Estate in Seattle. There is less competition now at the beginning of the spring selling season (usually the busiest time of the year) and interest rates are still very low but will likely rise, he noted.

“Now is a great time for move up sellers/buyers who can sell their home quickly and secure another at today’s prices and today’s lower interest rates,” Gain suggested, emphasizing, “Buying a home today is going to prove to be a smart investment in the long run.”

Commenting on March activity, OB Jacobi, president of Windermere Real Estate, said he expects market conditions of low inventory, strong competition among buyers, steadily rising prices – and rising rents – will continue in the foreseeable future. “Rents are on the rise, and when this happens, there’s often a shift where people get priced out of the rental market and move into home ownership. This leads to more demand for homes and upward pressure on prices,” he stated.

Stiff competition among buyers is creating frequent multiple offer situations, according to Gain. “We have way more people wanting to buy than we have appropriate homes to sell in the right locations and at the right prices,” he remarked, adding, “Our market is literally starving for good inventory in desirable neighborhoods.”

Gain also said there are more first-time buyers than he has seen in many years. “Many are very well qualified for a mortgage and have more than minimum down payments.” As an example, he mentioned a resale townhome listing in West Seattle with an asking price of $439,950. Within a few days of it being listed, it had four offers, all with accelerator clauses. The property sold for $459,950, prompting Gain to say, “It’s heartbreaking to have so many good purchasers and not enough good inventory to satisfy their needs.”

Not all markets in the MLS service area are experiencing the same pressure.

“Despite low inventory and falling market time, our prices are still flat overall in Kitsap County,” said Frank Wilson, Kitsap district manager and branch managing broker at John L. Scott Real Estate Poulsbo.

Wilson noted distressed properties (short sales or bank acquired homes) are still a factor. “Those home owners are now renting and most will not be able to buy again for a few years as they get the credit ding of a short sale or repossession behind them.”

As these sidelined buyers reenter the market, Wilson expects inventory will drop lower and prices will rise. Qualified purchasers who are thinking about buying “should take advantage of the stay of rate increases,” he suggested, referring to statements by Federal Reserve Chairwoman Janet Yellen, who made assurances earlier in the week that the Fed intends to keep interest rates low for now.

Pending sales in Kitsap County were about even with a year ago, while 12 of the 21 counties in the MLS system reported declines.
The condominium component ended on a positive note during March, with pending sales rising nearly 7.9 percent from a year ago. MLS members reported 1,345 pending sales, up from the year-ago total of 1,247.

Closed sales rose 2.4 percent, but prices on those sales jumped 14.7 percent. The median sales price on last month’s condo sales was $220,000, up from twelve months ago when it was $191,750.

Northwest Multiple Listing Service, owned by its member real estate firms, is the largest full-service MLS in the Northwest. Its membership includes more than 21,000 real estate brokers. The organization, based in Kirkland, Wash., currently serves 21 counties in Washington state.

Is King County Real Estate Still a Good Investment?

Tony Meier — Fri, 07 Mar 2014 00:43:10 +0000

Yes, in fact it is one of the best investments you can make! The graphic above is based upon national numbers, here is what King County looks like:

Residential Median Price in 2000 = $250,000

Residential Median Price in 2013 = $415,000

Total Increase = 66%

As much as my investment adviser would hate for me to tell you this, the Seattle area’s real estate market remains one of the best places to invest your money!

Whether it be purchasing your first home, moving up or buying an investment property, I can help! With 25 years of experience, I will make sure you next real estate move is a profitable one.

Contact me here:

Tony Meier
425-466-1000

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Another Sign the Real Estate Market is in Recovery Mode – Mortgage Delinquencies in U.S. Fall Below 4%

Tony Meier — Thu, 13 Feb 2014 23:44:05 +0000

DAILY REAL ESTATE NEWS | THURSDAY, FEBRUARY 13, 2014

Mortgage delinquencies nationwide have plummeted to their lowest level in more than five years, as more home owners are coming out of the red on their payments, according to credit reporting agency TransUnion.

The number of borrowers who are at least two months behind on their mortgage payments dropped to 3.85 percent in the fourth quarter of 2013. A year prior, the delinquency rate stood at 5.08 percent.

Nevertheless, the mortgage delinquency rate is still about twice as high as it was prior to 2007.

“We are on the downward slope of the mortgage delinquency curve, so we expect to continue seeing delinquency rates that have not been seen for several years,” says Steve Chaouki, head of financial services for TransUnion.

Struggling home owners are shoring up their finances as home values and equity rise, the job market improves, and refinancing helps to lower their monthly payments, the survey notes. Plus, “many of the risky home loans made before 2008 that went unpaid are no longer a factor, since the homes have been sold or foreclosed upon,” the Associated Press reports. “Loans issued since then, after banks tightened lending standards, are less likely to go unpaid.”

What’s more, with rising home values, borrowers increasingly are saying that keeping up with their mortgage payments is a priority over other financial obligations — a reversal from the days of the recession, says Chaouki.

The states that posted the largest annual declines in the mortgage delinquency rate were Arizona, California, and Nevada. New York and New Jersey were the only two states that did not post a double-digit percentage drop in their mortgage delinquency rates, according to TransUnion.

Source: “Fewer Americans Fall Behind on Mortgage Payments,” The Associated Press (Feb. 12, 2014)

Rising Prices Chip Away at Housing Affordability

Tony Meier — Wed, 12 Feb 2014 22:57:10 +0000

DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 12, 2014

Strong year-over-year price gains are starting to take a bite into housing affordability, particularly in the West, according to the National Association of REALTORS®’ latest quarterly report.

The median single-family home price rose in 73 percent of the markets, or 119 out of 164 metro areas, in the fourth quarter of 2013, with 26 percent, or 42 of those metros, posting double-digit gains.

“The vast majority of home owners have seen significant gains in equity over the past two years, which is helping the economy through increased consumer spending,” says Lawrence Yun, NAR’s chief economist. “At the same time, home prices have been rising faster than incomes, while mortgage interest rates are above the record lows of a year ago. This is beginning to hamper housing affordability.”

The national median existing single-family home price in the fourth quarter was $196,900, up 10.1 percent from $178,900 one year earlier.

NAR’s Housing Affordability Index, calculated on the relationship between median home prices, median family incomes, and the average effective mortgage interest rate, dropped to 175.8 in 2013 from a record high of 196.5 in 2012. The higher the index, the stronger household purchasing power is, according to NAR.

Yun says tight inventories have accounted for most of the double-digit price growth. The average supply of homes for sale in the fourth quarter was 4.9 months – an improvement over the 4.8 months a year ago, but still not what most economists consider healthy of a 6 to 6.5 month supply. Yun says that new home activity needs to increase in fast appreciating markets to help relieve the upward pressure on home prices.

“Added housing supply will help moderate price growth this year, and should help to stem erosion in affordability, but mortgage interest rates are projected to rise above 5 percent by the end of the year,” Yun says.

The five priciest housing markets in the fourth quarter were:

San Jose, Calif.: $775,000
San Francisco: $682,400
Honolulu: $670,800
Anaheim-Santa Ana, Calif.: $666,300
San Diego: $476,800

On the other hand, according to NAR’s report, the following metro areas had the best housing affordability conditions in 2013:

1.    Toledo, Ohio
2.    Rockford, Ill.
3.    Decatur, Ill.
4.    Lansing-East Lansing, Mich.
5.    Springfield, Ill.

By REALTOR® Magazine Daily News

Monday’s Market Update – Seattle Area Condo

Tony Meier — Mon, 09 Mar 2009 18:40:22 +0000

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind:

1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@staging.eastsidehomes.com

2. These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Condo Only, NWMLS Area 140 (West Seattle) = 45.3 weeks of inventory

Condo Only, NWMLS Area 380 (Central Seattle) = 66.5 weeks of inventory

Condo Only, NWMLS Area 385 (SODO/Beacon Hill) = 78 weeks of inventory

Condo Only, NWMLS Area 390 (Central Seattle) = 29.9 weeks of inventory

Condo Only, NWMLS Area 700 (Queen Anne/Magnolia) = 39.3 weeks of inventory

Condo Only, NWMLS Area 701 (Belltown, Downtown) = 51.5 weeks of inventory

Condo Only, NWMLS Area 705 (Ballard/Greenlake) = 36.1 weeks of inventory

Condo Only, NWMLS Area 710 (North Seattle) = 24.4 weeks of inventory

Condo Only, NWMLS Area 715 (Richmond Beach) = 28.2 weeks of inventory

Condo Only, NWMLS Area 720 (Lake Forest Park) = 30.5 weeks of inventory

If you have any questions on this information, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

Monday’s Market Update – Seattle Area Residential

Tony Meier — Mon, 03 Nov 2008 07:25:00 +0000

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Residential market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep in this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Residential Only, NWMLS Area 140 (West Seattle) = 25.8 weeks of inventory

Residential Only, NWMLS Area 380 (Central Seattle) = 33.2 weeks of inventory

Residential Only, NWMLS Area 385 (SODO/Beacon Hill) = 26.7 weeks of inventory

Residential Only, NWMLS Area 390 (Central Seattle) = 33.5 weeks of inventory

Residential Only, NWMLS Area 700 (Queen Anne/Magnolia) = 34.9 weeks of inventory

Residential Only, NWMLS Area 705 (Ballard/Greenlake) = 19.9 weeks of inventory

Residential Only, NWMLS Area 710 (North Seattle) = 20.9 weeks of inventory

Residential Only, NWMLS Area 715 (Richmond Beach) = 36.8 weeks of inventory

Residential Only, NWMLS Area 720 (Lake Forest Park) = 25.7 weeks of inventory

If you have any questions on this information or would like to know the strength in your area and price range, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

Monday’s Market Update – Seattle Condos

Tony Meier — Mon, 09 Jun 2008 15:53:18 +0000

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Area 710 remains the bright spot on this chart with lots of movement in the under 300k range. Area 140 is off across the board and has 110 weeks of inventory in the 300-399k range. Should be some opportunities there!

Condo Only, NWMLS Area 140 (West Seattle) = 43.1 weeks of inventory (was 28.2 four weeks ago)

Condo Only, NWMLS Area 380 (Central Seattle) = 25.4 weeks of inventory (was 23.2 four weeks ago)

Condo Only, NWMLS Area 385 (SODO/Beacon Hill) = 22 weeks of inventory (was 29.5 four weeks ago)

Condo Only, NWMLS Area 390 (Central Seattle) = 29.8 weeks of inventory (was 33.5 four weeks ago)

Condo Only, NWMLS Area 700 (Queen Anne/Magnolia) = 39.4 weeks of inventory (was 30.3 four weeks ago)

Condo Only, NWMLS Area 701 (Belltown, Downtown) = 36.6 weeks of inventory (was 31.2 four weeks ago)

Condo Only, NWMLS Area 705 (Ballard/Greenlake) = 28.6 weeks of inventory (was 32.4 four weeks ago)

Condo Only, NWMLS Area 710 (North Seattle) = 16.4 weeks of inventory (was 17.9 four weeks ago)

Condo Only, NWMLS Area 715 (Richmond Beach) = 30.1 weeks of inventory (was 25.8 four weeks ago)

Condo Only, NWMLS Area 720 (Lake Forest Park) = 40.4 weeks of inventory (was 34.8 four weeks ago)

If you have any questions on this information, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

Monday’s Market Update – Seattle Residential

Tony Meier — Mon, 02 Jun 2008 17:50:56 +0000

My usual statistics are unavailable this week, so we are going to look at something different. As in the past… I will use the great information from Trendgraphix. We are going to chart the Seattle Metro Residential market since February 2007. Here is the trend for homes over the last year.

This first chart shows how the inventory has climbed steadily since last year and sales have fallen. We had as much as 35% of the inventory selling in March of 2007. April 2008 only has 16% of the inventory going pending.

This next chart shows the average list price per month and the average sales price. The average is clearly trending down, which is the result of the supply vs. demand imbalance. Also, the difference in these numbers of nearly 150k would indicate that the lower end of the market is where the majority of sales are.

This last chart shows months of supply based upon the pending sales. We have gone from a hot sellers market to one that is more balanced and trending towards a buyer favored market.

If you have any questions on this information, I welcome you to comment or email me at: tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

Monday’s Market Update – Seattle Residential

Tony Meier — Mon, 05 May 2008 18:36:33 +0000

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Residential market absorption rates for the Seattle Area over the last 7 weeks. It appears that Seattle is back on the mend with many of the numbers returning to a balanced market. In fact, some areas and price ranges are clearly favoring the seller!

When looking at these numbers, keep this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Another mixed week. Most areas showed declines with 380 coming up some. The bright spots still remain areas 705 & 710.

Residential Only, NWMLS Area 140 (West Seattle) = 21.4 weeks of inventory (was 19.4 four weeks ago)

Residential Only, NWMLS Area 380 (Central Seattle) = 25.2 weeks of inventory (was 30.8 four weeks ago)

Residential Only, NWMLS Area 385 (SODO/Beacon Hill) = 29.2 weeks of inventory (was 19.8 four weeks ago)

Residential Only, NWMLS Area 390 (Central Seattle) = 27.8 weeks of inventory (was 23.5 four weeks ago)

Residential Only, NWMLS Area 700 (Queen Anne/Magnolia) = 23.2 weeks of inventory (was 21.8 four weeks ago)

Residential Only, NWMLS Area 705 (Ballard/Greenlake) = 15.7 weeks of inventory (was 16.3 four weeks ago)

Residential Only, NWMLS Area 710 (North Seattle) = 14.7 weeks of inventory (was 14.7 four weeks ago)

Residential Only, NWMLS Area 715 (Richmond Beach) = 32.2 weeks of inventory (was 24.2 four weeks ago)

Residential Only, NWMLS Area 720 (Lake Forest Park) = 22.1 weeks of inventory (was 17.9 four weeks ago)

If you have any questions on this information or would like to know the strength in your area and price range, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

Monday’s Market Update – Seattle Condos

Tony Meier — Mon, 14 Apr 2008 16:06:41 +0000

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

When compared to 4 weeks ago… it is kind of a mixed bag, with no general direction being shown at this time. Just as the Seattle Residential numbers were last week. Again, these stats are price range dependant with the lower priced condos moving faster than the upper end in general.

Condo Only, NWMLS Area 140 (West Seattle) = 33.8 weeks of inventory (was 34 four weeks ago)

Condo Only, NWMLS Area 380 (Central Seattle) = 24.4 weeks of inventory (was 28.8 four weeks ago)

Condo Only, NWMLS Area 385 (SODO/Beacon Hill) = NO SALES in last 7 weeks (was 23 four weeks ago)

Condo Only, NWMLS Area 390 (Central Seattle) = 36.5 weeks of inventory (was 28.8 four weeks ago)

Condo Only, NWMLS Area 700 (Queen Anne/Magnolia) = 28 weeks of inventory (was 31 four weeks ago)

Condo Only, NWMLS Area 701 (Belltown, Downtown) = 28.5 weeks of inventory (was 35.5 four weeks ago)

Condo Only, NWMLS Area 705 (Ballard/Greenlake) = 27 weeks of inventory (was 26 four weeks ago)

Condo Only, NWMLS Area 710 (North Seattle) = 21.4 weeks of inventory (was 20.9 four weeks ago)

Condo Only, NWMLS Area 715 (Richmond Beach) = 31.9 weeks of inventory (was 26.9 four weeks ago)

Condo Only, NWMLS Area 720 (Lake Forest Park) = 25.2 weeks of inventory (was 46.3 four weeks ago)

If you have any questions on this information, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

Monday’s Market Update – Seattle Residential

Tony Meier — Mon, 07 Apr 2008 12:06:15 +0000

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

When looking at these numbers, keep this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

When compared to 4 weeks ago, it is kind of a mixed bag with some of the hotter areas slowing down a bit, and the cooler areas warming up. One thing is certain the lower end (under 5-600k) is stronger than the upper end of the market in all areas.

Residential Only, NWMLS Area 140 (West Seattle) = 19.4 weeks of inventory (was 19.4 four weeks ago)

Residential Only, NWMLS Area 380 (Central Seattle) = 30.8 weeks of inventory (was 35 four weeks ago)

Residential Only, NWMLS Area 385 (SODO/Beacon Hill) = 19.8 weeks of inventory (was 22 four weeks ago)

Residential Only, NWMLS Area 390 (Central Seattle) = 23.5 weeks of inventory (was 26 four weeks ago)

Residential Only, NWMLS Area 700 (Queen Anne/Magnolia) = 21.8 weeks of inventory (was 17 four weeks ago)

Residential Only, NWMLS Area 705 (Ballard/Greenlake) = 16.3 weeks of inventory (was 14.8 four weeks ago)

Residential Only, NWMLS Area 710 (North Seattle) = 14.7 weeks of inventory (was 13.4 four weeks ago)

Residential Only, NWMLS Area 715 (Richmond Beach) = 24.2 weeks of inventory (was 20.8 four weeks ago)

Residential Only, NWMLS Area 720 (Lake Forest Park) = 17.9 weeks of inventory (was 24.1 four weeks ago)

If you have any questions on this information or would like to know the strength in your area and price range, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

Monday’s Market Update – Seattle Condos

Tony Meier — Mon, 17 Mar 2008 13:51:00 +0000

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Condo Only, NWMLS Area 140 (West Seattle) = 34 weeks of inventory

Condo Only, NWMLS Area 380 (Central Seattle) = 28.8 weeks of inventory

Condo Only, NWMLS Area 385 (SODO/Beacon Hill) = 23 weeks of inventory

Condo Only, NWMLS Area 390 (Central Seattle) = 28.8 weeks of inventory

Condo Only, NWMLS Area 700 (Queen Anne/Magnolia) = 31 weeks of inventory

Condo Only, NWMLS Area 701 (Belltown, Downtown) = 35.5 weeks of inventory

Condo Only, NWMLS Area 705 (Ballard/Greenlake) = 26 weeks of inventory

Condo Only, NWMLS Area 710 (North Seattle) = 20.9 weeks of inventory

Condo Only, NWMLS Area 715 (Richmond Beach) = 26.9 weeks of inventory

Condo Only, NWMLS Area 720 (Lake Forest Park) = 46.3 weeks of inventory

If you have any questions on this information, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com