January 2014 Real Estate Price Trends for Seattle and Snohomish County

Filed in How's the Market by on February 16, 2014 0 Comments

The January 2014 Seattle and Eastside housing market data show strong year-to-year price gains.  Here are the numbers for Seattle, the Eastside, and Snohomish County.  Some of these year-to-year gains are affected by significant month-to-month price fluctuations, so comparing 3-month averages often gives us a better feel for price trends.

January 2014 Seattle Area Real Estate Stats
LOCATIONSTYLE
MEDIAN CLOSED SALE PRICE
YEAR-TO-YEAR CHANGE IN:YEAR-TO-YEAR CHANGE IN:YEAR-TO-YEAR CHANGE IN:
Jan. 2014Jan. 2013Median Closed Price3-Month Average of Median Closed PriceNumber of Active Homes for Sale
SeattleHouse$459,950$359,900+16.18%+9.4%+1.42%
Condo$290,000$242,000+19.83%+13.5%+11.37%
EastsideHouse$599,500$500,528+19.77%+10.9%-7.08%
Condo$260,000$218,750+18.86%+21.4%0%
Sno. Co.House$295,000$258,500+14.12%+12.5%+33.23%
Condo$175,000$130,000+34.62%+24.3%+80.20%
* Numbers taken from the NWMLS and deemed to be accurate but not guaranteed.

 

Residential and condominium inventory in Snohomish County has increased dramatically, and many areas of King and Snohomish counties have more homes on the market compared to a year ago.  However, we are still in what is considered a seller’s market in terms of housing inventory in most areas, and multiple offers continue to be commonplace for well-marketed homes.

 

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About the Author ()

Irene Nash has been representing Seattle and Eastside home sellers and buyers in real estate since 1999. She and her husband Mike specialize in straightforward communication and providing top-notch staging and photography for every home listing.

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