Review of Q3 2015 Seattle Home Sales
The Seattle-Metro market has continued to barrel along full speed ahead, leaving many eager home buyers in its wake. With homes selling for ridiculous amounts of money—well above asking prices—and successful buyers often waiving nearly every contingency and releasing their earnest money deposit to show their good faith, it’s no doubt this ride needs to slow to a much safer, and more sustainable, pace. But that won’t be enough unless we see more inventory available in the market. Anything short of that is analogous to taking a G3 coaster ride without a safety harness.
"The Seattle-Metro median sale price of single-family homes was up 11.6% over Q3 of last year with 2,408 homes transacting in the second quarter. The average list price to sale price ratio was 103% (or 3% above the listed price) throughout the metro area."
The Madison Park-Capitol Hill area had the highest average cost per home sq. ft., $418, while the Lake Forest Park-Kenmore area was most affordable at $241 per sq. ft. See the full report for the average size, monthly cost, days on market, and median and average sale prices for each area.
Click here for the full report and to see how prices have changed in your neighborhood!
© Copyright 2015, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.