Around the Sound: 3rd Quarter 2018

King County Real Estate Market Analysis

The housing market always starts to slow down summer turns to fall, the kids go back to school, life starts to resettle after summer vacations, students buckle down again and the Pacific Northwest prepares for the long dark of winter. This year the market took a small wobble right at the end of summer and then a bit of dive as the third quarter wound down. This autumn the index has dropped to its lowest point since 2012, right at the tail end of the lowest point of the “bubble.” While this may be a bit of a downturn for sellers, buyers are ecstatic! With the low amount of inventory and the speed at which Seattle has been growing year-over-year, homebuyers have struggled to find their dream home and have time to put in an offer before its off the market. Now buyers can shop around, compare prices and take the time to get to know a neighborhood or community before diving into a huge purchase to have a roof over their heads. Luckily, with inventory still relatively low, home sellers are still in a good position to sell their home before the holidays.

 

Active Listings By the Numbers

 
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$250k - $350k:    361
$350k - $500k:   777
$500k - $750k:   1,728
$750k - $1m:   1,025
$1Mil+:    1,538

 
 

New to Market q4.2018 // Featured Listings

New to Market // 1477 Mukilteo Lane, Mukilteo
Offered at $2,480,000

 

New to Market // 2714 36th Avenue SW, Seattle
Offered at $1,875,000

 

New to Market // 11643 73rd Place NE, Kirkland
Offered at $1,800,000

 
 

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

 
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Significant Sales | 3rd Quarter 2018

Seattle, Washington // Sold at $1,666,000
Sold at 111.44% Over Asking Price

 

Bothell, Washington // Sold at $1,004,000
Sold at 103.72% Over Asking Price

Sammamish, Washington // Sold at $1,421,000
Sold at 106.12% Over Asking Price

 

Seatac, Washington // Sold at $730,000
Sold at 104.36% Over Asking Price

Redmond, Washington // Sold at $975,000
Sold at 114.71% Over Asking Price

 

Bothell, Washington // Sold at $828,000
Sold at 103.5% Over Asking Price


Autumn no longer means that the market is drying up or slowing down; this year homebuyers are catching the wave and getting into their dream homes in time for the holidays!
— Matt van Winkle