Around the Sound: 4th 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
$250k - $350k: 361
$350k - $500k: 777
$500k - $750k: 1,728
$750k - $1m: 1,025
$1Mil+: 1,538
New to Market q4.2018 // Featured Listings
Ups & Downs, Pacific Northwest-style | Ride the Wave
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!”