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Market Reports and Updates

 
 

Q4-2018 Market Report

Realogics Sotheby’s International Realty presents a look at the housing market trends for the fourth quarter of 2018, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.


Seattle  |  Single-Family Homes

Though inventory dipped from the high of 2.1 months reported in the third quarter of 2018, it shifted dramatically on an annual basis, from the anemic figure of 0.4 months in the fourth quarter of 2017 to 1.5 months in Q4-2018.

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Eastside  |  Single-Family Homes

In the third quarter, we reported that record-breaking home price growth for single-family homes was moderating, and it continued to do so in Q4-2018 with a median sales price of $860,000.

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Bainbridge Island  |  Single-Family Homes

The Bainbridge Island market underwent a typical seasonal slowdown in home sales, with many buyers taking a break from the market. Fewer sales, however, did not equate to home value depreciation, as the median sales price reached $1,035,000, higher than any figure reported on a quarterly basis for the year.

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Seattle  |  Condominiums

After a record-high inventory of 2.7 months for Seattle condos in the third quarter of 2018, inventory sank slightly to 2.2 months in the final quarter of 2018, a figure that drastically rose compared to the fourth quarter of 2017, when there was just 0.2 months of inventory. It comes as no surprise that a sustained influx of inventory is contributing to longer market times, which more than doubled from Q4-2017 (at 16 days) to Q4-2018 (at 36).

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WATERFRONT UPDATE 2018

Realogics Sotheby’s International Realty is pleased to share a Waterfront Update released on RSIRWaterfront.com examining many different regions and popular waterfront communities in the Puget Sound and Greater Seattle regions, including information on home values, sales trends, and market activity. The report mainly concerns price trends and typical location factors affecting the value of any real estate. However, waterfront sales may also be influenced by features such as docks, moorage, and beach or tidelands access, which may be conditioned on easements or otherwise shared, especially in more densely populated areas.

Since 2014, waterfront prices have generally been on an upward trend—it should be noted that in several areas, particularly the Four Points and Kirkland, the number of sales on even an annual basis are easily skewed by outliers and too small to reliably discern trends as to price and volume.


MARKET TRENDS FROM AROUND THE SOUND: Q2-2018

Realogics Sotheby’s International Realty presents a look at the housing market trends for the second quarter of 2018, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.

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