Seattle luxury real estate sales were up this year (January-August) as compared to the same time period last year. But let’s leave the good news for the end of this blog post.

Seattle luxury real estate inventory in reported areas was down 2% and the price was down 1% in August 2010 as compared to July 2010.

Areas reported: Downtown Seattle, Queen Anne / Magnolia, Central / East Seattle, Northeast Seattle, Northwest Seattle, Bellevue / West Of, Kirkland and Mercer Island.

Inventory was up in the following areas:

Bellevue / West Of – 2%
Northeast Seattle – 10%

Inventory was down in the following areas:

Kirkland – 1%
Central / East Seattle – 3%
Northwest Seattle – 4%
Downtown Seattle – 5%
Queen Anne / Magnolia – 7%
Mercer Island – 10%

Price of existing homes was down in the following areas:

Northeast Seattle – 3%
Bellevue / West Of – 3%
Northwest Seattle – 1%
Kirkland – 1%

Price of existing home was up in the following areas:

Central /East Seattle – 1%
Downtown Seattle – 4%
No change in price in Queen Anne / Magnolia and Mercer Island

Pending sales were up 2% in all reported areas.

Seattle luxury real estate sales were down 35% in all reported areas in August 2010 as compared to July 2010.

Seattle luxury real estate sales were down in following areas:

Central / East Seattle – 53%
Queen Anne / Magnolia – 50%
Northeast Seattle – 50%
Mercer Island – 36%
Northwest Seattle – 33%
Downtown Seattle – 25%
Kirkland – 18%
Bellevue / West Of – 16%

Seattle luxury real estate sale price was down 5% in all reported areas combined (although it was up in half of them).

Seattle luxury real estate sale price was down in following areas:

Downtown Seattle – 51%
Bellevue / West Of – 25%
Northeast Seattle – 11%
Central / East Seattle – 10%

Seattle luxury real estate sale price was up in following areas:

Kirkland – 7%
Mercer Island – 8%
Northwest Seattle – 15%
Queen Anne / Magnolia – 30%

Now for the good news (Seattle luxury real estate all reported areas combined)

During the January-August 2009 period:

299 luxury real estate sales; sold from $1,000,000 to $15,560,000
Average sale price: $1,709,291
Median sale price: $ $1,325,000
Average days on the market before sale: 104

During the January-August 2010 period:

458 luxury real estate sales; sold from $1,000,000 to $11,280,000
Average sale price: 1,700,754
Median sale price: $1,385,000
Average days on the market: 86

In other words:Year-to-date Seattle luxury real estate sales were up 53%

Average sale price didn’t change

Median sale price was up 5%

Average days on the market before sale was down 17%

Seattle Luxury Real Estate in June,2010 versus May, 2010 including Seattle waterfront properties

Information deemed reliable but not guaranteed.

Information and photos posted by Ally Wangsness, copyright © 2010. Photos and info may not be copied, reproduced and republished without the written permission of Ally Wangsness, Broker, RE/MAX Metro Realty, Inc.

This entry was posted on Saturday, September 4th, 2010 at 11:12 pm and is filed under RE information. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.