Seattle condo & home pending sales in December 2011 versus December 2010
Based on Northwest MLS data here is an update on condo & home pending sales in the greater Seattle area in December 2011 versus December 2010.
Areas reported: Downtown Seattle, Queen Anne / Magnolia and surrounding neighborhoods (Interbay, Lake Union, Westlake), East Central Seattle (Capitol Hill, Madison Park, Madrona, Washington Park and surrounding neighborhoods), Northeast Seattle (Laurelhurst, Windermere, Hawthorne Hills, View Ridge, Bryant, Ravenna and other neighborhoods from Lake Washington to Shoreline), Northwest Seattle (Ballard, Greenlake, Wallingford, Fremont, Blue Ridge and surrounding neighborhoods), West Bellevue (Clyde Hill, Medina, Beaux Arts and surrounding neighborhoods) Kirkland and Mercer Island.
You will see a few changes in this report: I am using graphs instead of text and I eliminated information about condos in reported areas, except for Downtown Seattle.
Pending sales were up 6% in all reported Seattle areas combined
Average listing price of pending sales was down 1% in reported Seattle areas. It was down due to big average price drop on Mercer Island. In all other areas, except for Kirkland, average listing price of pending sales was up. No change in average listing price in Northeast and Northwest Seattle.
Median listing price of pending sales was up 16% in reported Seattle areas. Median listing price was up in Downtown Seattle, Queen Anne / Magnolia, East Central Seattle & West of Bellevue. No change in Northwest Seattle.
In King County pending sales were up 15%; average listing price down 12%; median listing price down 13%.
Information about sales will be provided in a different post.
Information based on Northwest MLS data.
Information deemed reliable but not guaranteed.
Information and photos posted by Ally Wangsness. The content may not be copied, reproduced and republished without the written permission of Ally Wangsness, Broker, RE/MAX Metro Realty, Inc.
