West Seattle
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….
West Seattle
Spuds of West Seattle
April 14, 2009 by Seattle Guide · Comments
Spuds Fish and Chips has several locations around the Seattle area. This one is near Alki Point in West Seattle. Some of the better fish and chips we’ve ever had, we usually get a three piece cod combo and split it between the two of us.
In the entry before you reach the order counter, there’s a bit of a museum with photos of a natatorium that used to be essentially right across the street. Well if you are anything like me, you do not know what a natatorium is. I’ll tell you. It’s an indoor swimming pool arena. Yes, there are photos of old time bathing beauties….. Also on the wall are photos of Spud’s fish and chips, in the early years, with soldiers just home from the war, and signs for the fish and chips for 10 cents. Oh, and just a clue, it costs just a bit more than that now.
At the other end of the room near the front window seats are copies of a newspaper ad where local land merchants (you know, real estate agents) were selling lots by auction, called Alki Point Beauty Home Tracts. I’m sure some of them are homes that are still standing, but I wonder just how many. That might be a fun study some day. Alki Point has mostly view condos along the street and across from the beach. Also some older beach houses, some that grew like Topsy through the years. (Wow–am I revealing my vintage!)
And then if you wander upstairs and have a seat to eat your fish and chips, you can watch the water taxi make it’s run across to the city, and enjoy the water views. Take a look!
At the time these photos were taken, it was too cold for all the beach walkers to be out, but in the summer time, this is a very popular spot.
West Seattle
About West Seattle, WA
March 3, 2009 by Seattle Guide · Comments
West Seattle, a hilly district in Seattle, Washington, encompasses all of Seattle west of the Duwamish River. It was incorporated as an independent town in 1902 and was annexed by Seattle in 1907. Among the area’s attractions are its saltwater beach parks along Elliott Bay and Puget Sound, including Alki Beach and Lincoln Park among others. The area is also prized for its magnificent views of the Olympic Mountains to the west and the Cascade Range to the east.
West Seattle is divided into several neighborhoods. They are Admiral, Alki, Arbor Heights, Beach Drive, Delridge, Fauntleroy, Fairmount Park, Gatewood, Genesee, Harbor Ave, High Point, The Junction, Lincoln Park, Luna Park, Morgan Junction, Pigeon Point, Roxbury, Schmitz Park, Sunset, and Youngstown.
Known as the “gold coast” to many in the housing market, West Seattle has a broad spectrum of available housing, with the majority of real estate retaining a very favorable return. The latest development to remodel the Highpoint area has helped land values continue up.
