Around the Sound: 1st Quarter 2018

King County Real Estate Market Analysis

Come on, spring! The holidays are over and as the Puget Sound returns to its regularly scheduled programs, the housing market continues the upward trend creating space for new home buyers to step into their next adventure. Homes in Seattle and Bellevue are staying on the market for less than a week, with the outlying areas selling in under a month. While it's a seller's market right now, the new year is an amazing time for home buyers to scoop up their new home at a relatively reasonable rate. Condos continue to be a top seller, with new condos selling out at 80-90% before ground is broken. Daylight savings time is the "go" line for the spring rush, so getting a home listed now is always a good idea.

 

Active Listings By the Numbers

 
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$250k - $350k:    132
$350k - $500k:   294
$500k - $750k:   482
$750k - $1m:   337
$1Mil+:    733

 
 
 

 

Ups & Downs, Pacific Northwest-style | Ride the Wave

 
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Significant Sales | 1st Quarter 2018

Seattle, Washington // Sold at $4,350,000
Highest 1st Quarter Sale

 

Seattle, Washington // Sold at $1,100,000
Sold at 115.79% Over Asking // 7 Days on Market

Bellevue, Washington // Sold at $1,001,000
Sold at 102.26% Over Asking Price

 

Seattle, Washington // Sold at $495,500
Sold at 112.05% Over Asking // 6 Days on Market

Woodinville, Washington // Sold at $800,000
Sold at 105.4% Over Asking // 1 Day on Market

 

Bellevue, Washington // Sold at $2,395,000
17 Days on Market


Living around the Puget Sound is the flawless opportunity to live the bustling city life, relax in a mountain retreat and get your feet in the ocean all in one day - and if you do it right, all in one home.
— Matt van Winkle