The January Real Estate Recap


“List it and they will come”


"List it and they will come" is the new mantra as new listings come on the market. February will be the bridge month between winter and spring markets as western Washington expects to start seeing an increase in the number of new listings.


"The softening of single family home prices in King County over the last few months, combined with the relatively large price increase in Snohomish County (8.2 percent) suggests buyers are migrating north in order to find more affordable housing," said Jacobi.


Brokers in Pierce and Kitsap counties also reported price hikes larger than King County's. The median price of a single family home in Pierce County jumped nearly 11.6 percent from a year ago while the year-over-year price in Kitsap was up 9.4 percent.
 

Real Estate Stats and Facts- January


January residential total active listings in King County was 1,569. (-18.87% from this time last year). There were 1,582 closed sales (+20.4%) indicating buyers are ready. The median home price sold for $525,000 (+6.93% this time last year). 


January condominium total active listings in King County was 318. (-35.5% from this time last year). There were 428 closed sales (+5.42% from this time last year). The median condo price sold for $310,000 (+9.83% this time last year). 


January residential total active listings in Snohomish County was 1,111. (-29.25% from this time last year). There were 763 closed sales (+13.7% from this time last year). The median home price sold for $410,000 (+8.19% this time last year). 


January condominium total active listings in Snohomish County was 102. (-34.62% from this time last year). There were 175 closed sales (+25% from this time last year). The median condo price sold for $259,000 (-0.29% this time last year). 


MARKET REPORT: Realogics Sotheby's International Realty (RSIR) presents a comprehensive look at market trends. The report explores King, Snohomish, Kitsap, Pierce, Jefferson and Island counties as well as 30 neighborhoods for our current and prospective clients. For your complimentary copy, click here: AustinRSchneider.com/MarketReport

Source: http://www.nwmls.com/index.cfm?/News--Stats/Press-Releases/Market-Updates-2017/page/February-2017 | NWMLS Stats Jan 2017

Austin Schneider | austin.schneider@rsir.com | Realogics Sotheby's International Realty

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