Real Estate
Residential Housing Statistics in King County December 2009
February 4, 2010 by Sebnem Oden · Comments
I was just asked this week how is the Real Estate Market in King County since I mentioned earlier about Snohomish County. Well here is information which was requested about King County. Northwest Multiple Listing Service (MLS) reported as following statistics for Dec 2009. Jan 2010 stats will be published in the coming weeks. We still got 21 months of inventory in King County while Snohomish County got 19 months of inventory of homes for sale.
| UNITS | ACTIVE | PENDING | SOLD | ||
| DEC 09 UNITS | 6,918 | 1,413 | 1462 | ||
| DEC 08 UNITS | 8,707 | 911 | 929 | ||
| Total Unit +/- | -1789 | 502 | 533 | ||
| Difference DEC % | -20.55% | 55.10% | 57.37% | ||
| YTD 09 UNITS | 33,744 | 23,019 | 16,022 | ||
| YTD 08 UNITS | 38,889 | 18,895 | 15,991 | ||
| Total Unit +/- | -5145 | 4124 | 31 | ||
| Difference YTD % | -13.23% | 21.83% | 0.19% |
As seen above chart, Residential active listings units dropped 20.55% from 8707 units in 2008 to 6918 units in December 2009 while Pending Residential units increased 55.10%, as Dec 09 pending listings were 1413 units compare to 911 units in December 2008. There is a huge increase in sold units at 57.37%, 1462 units closed in 2009 vs 929 units in 2008. Snohomish County Sold Residential unit increase is at 89.02% when compared to 2008.
| MEDIAN PRICE | ACTIVE | PENDING | SOLD | ||
| DEC 09 MEDIAN | $425,000 | $349,000 | $380,000 | ||
| DEC 08 MEDIAN | $495,000 | $374,900 | $403,500 | ||
| Price +/- | -$70,000 | -$25,900 | -$23,500 | ||
| Difference DEC % | -14% | -7% | -6% | ||
| YTD 09 MEDIAN | $479,950 | $370,000 | $380,000 | ||
| YTD 08 MEDIAN | $509,950 | $424,950 | $429,950 | ||
| Price +/- | -$30,000 | -$54,950 | -$49,950 | ||
| Difference YTD % | -5.88% | -12.93% | -12.0% |
As seen above chart, Median Price declined all across for Active, Pending and Sold Listings. For December 09 sold median price was $380,000, dropped 6% compare to Dec 2008 while year to date Median price dropped further to 11.62%.
| DAYS ON MARKET | ACTIVE | PENDING | SOLD | ||
| DEC 09 DOM | 131 | 89 | 83 | ||
| DEC 08 DOM | 128 | 87 | 84 | ||
| Days +/- | 3 | 2 | -1 | ||
| Difference DEC % | 2.34% | 2.30% | -1.19% | ||
| 09 YTD DOM | 109 | 77 | 78 | ||
| 08 YTD DOM | 93 | 75 | 73 | ||
| Days +/- | 16 | 2 | 5 | ||
| Difference YTD % | 17.20% | 2.67% | 6.85% |
As seen above chart, the other important indicator to watch is “Days on the market” (DOM). There isn’t a significant difference, as little as 1.19% for Dec 09 and 6.85% for the year.
Over all, Inventory of homes dropping while sold home units are increasing. December 2009 Market Trend is showing a promising future for buyers and sellers. Yes, values are declining as there is activity out there…..
If you would like more personalized information for your area, please contact me via emailSebnem.oden@exprealty.com or visiting my website www.ProKeyRE.com
Wishing you a prosperous real estate future….
Real Estate
Residential Housing Statistics in Snohomish County December 2009
January 29, 2010 by Sebnem Oden · Comments
What is going on with the real estate market in Snohomish County? As being a Snohomish County resident and a Real Estate Agent, I feel as I need to share the factual numbers which are published every month by Northwest Multiple Listing Service (MLS) with my clients.
I often get calls from my active buyers asking “when to buy”. My sellers are asking me “when you sell”. Each party wants to know how long to wait before pulling the trigger. My answer is “when it is the right time for you, your budget and your family”. Each person has a different life event that calls to buy or sell real estate.
Northwest Multiple Listing Service (MLS) reported as following stats for Dec 2009.
| ACTIVE | PENDING | SOLD | |||
| DEC 09 UNITS | 3,533 | 628 | 654 | ||
| DEC 08 UNITS | 4,362 | 455 | 346 | ||
| Total Unit +/- | -829 | 173 | 308 | ||
| Difference DEC % | -19.01% | 38.02% | 89.02% | ||
| YTD 09 UNITS | 15,025 | 9,979 | 6,644 | ||
| YTD 08 UNITS | 17,483 | 7,693 | 6291 | ||
| Total Unit +/- | -2458 | 2286 | 353 | ||
| Difference YTD % | -14.06% | 29.72% | 5.61% |
As seen above chart, Residential active listings units dropped 19.01% from 4362 units in 2008 vs 3533 units in 2009 for the month of December while Pending Residential units increased 38.02%, as Dec 09 pending listings were 628 units compare to 455 units in December 2008. There is a huge increase in sold units at 89.02%, 654 units closed in 2009 vs 346 units in 2008.
| DEC 09 MEDIAN | $319,950 | $285,495 | $287,000 | ||
| DEC 08 MEDIAN | $379,950 | $309,000 | $318,694 | ||
| Price +/- | -$60,000 | -$23,505 | -$31,694 | ||
| Difference DEC % | -15% | -8% | -19% | ||
| YTD 09 MEDIAN | $349,999 | $289,000 | $299,950 | ||
| YTD 08 MEDIAN | $399,000 | $339,950 | $345,000 | ||
| Price +/- | -$49,001 | -$50,950 | -$45,050 | ||
| Difference YTD % | -12.28% | -14.99% | -13.06% |
As seen above chart, Median Price declined all across for Active, Pending and Sold Listings. For December 09 sold median price was $287,000, dropped 19% compare to Dec 2008 while year to date Median price dropped further to 13.06%.
| DEC 09 MEDIAN | $319,950 | $285,495 | $287,000 | ||
| DEC 08 MEDIAN | $379,950 | $309,000 | $318,694 | ||
| Price +/- | -$60,000 | -$23,505 | -$31,694 | ||
| Difference DEC % | -15% | -8% | -19% | ||
| YTD 09 MEDIAN | $349,999 | $289,000 | $299,950 | ||
| YTD 08 MEDIAN | $399,000 | $339,950 | $345,000 | ||
| Price +/- | -$49,001 | -$50,950 | -$45,050 | ||
| Difference YTD % | -12.28% | -14.99% | -13.06% |
As seen above chart, one other important factor to watch is “Days on the market” (DOM). Due to better pricing of the homes as they get listed, DOM has dropped 12.3% for sold listings in December 2009 vs 2008.
Over all, Days on the market is shortening, Inventory of homes dropping while sold home units are increasing. December 2009 Market Trend is showing a promising future for buyers and sellers. Yes, values are declining as there is activity out there…..
If you would like more personalized information for your area, please contact me via email Sebnem.oden@exprealty.com or visiting my websitewww.ProKeyRE.com
Wishing you a prosperous real estate future….
Real Estate
Amy Kizaki Bio Video…first in Seattle more to come!
April 19, 2009 by Amy Kizaki · Comments
Hey there! We’ve been talking about making agent bio videos for a while so our consumers can get to know us better…so here’s the first!
Call me if I can assist you with your real estate needs. Interest rates are down, there’s so much inventory on the market and it’s a super fantastic time to buy!
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