2011 Shows 7.4 Percent Increase in Number of Home Sales Over 2010
According to Northwest MLS broker’s reports, although the number of homes sold increased, 2011 showed inventories and median prices decreasing compared to 2010. The median price of homes sold in 2011 ranged from $120,000 in Grays Harbor County to $387,500 in San Juan County. King County posted 40% of last year’s sales with a median selling price of $311,748.
Other Northwest MLS report findings:
- Single family homes accounted for about 87% of sales volume and about 90% of dollar volume.
- About half the homes sold last year had 3 bedrooms, about 3/4 of condos had 2 or less.
- Prices for 3 bedroom homes built before 2009 vary widely ranging from $112,375 in Grays Harbor County up to $408,500 in San Juan County.
- Average active listings per month reported in 2011 was 34,000.
- Of 860 million-dollar-plus sales of single family homes more than half was in Seattle’s Eastside. Of those, 145 were west of I-405 including Bellevue and Beaux Arts Village, Clyde Hill, Hunts Point, Medina and Yarrow Point.
- The highest priced single family home in the Northwest MLS sold last year was in Hunts Point on east Lake Washington for $14,750,000. The highest priced condo was sold in Kirkland for $3,249,000.
- Comparing median prices of homes sales within school districts the most expensive were in the Mercer Island School District ($824,000), followed by Bellevue ($550,000) and Issaquah ($530,000).
- 81,019 pending sales were shown during 2011, an increase of about 10.5% over 2010.
- The pace of sales measured by month’s supply and how long it would take for all inventory to sell at the current pace assuming no new inventory added showed an improvement over 2010. By this measurement, Snohomish County had the lowest supply followed by King County.
Tags: Beaux Arts Village, Clyde Hill, Hunt's Point, King County Real Estate, Kirkland, Medina, Real Estate in King County, Seattle Bellevue real estate, Snohomish Real Estate, Yarrow Point
