Seattle real estate - June 2010 versus June, 2009

Based on NW MLS statistics, here is an update on real estate market in a few Seattle areas in June, 2010.

Sales and sale price increased in King County in June, 2010 as compared to June, 2009.

A quick analysis of real estate market in June, 2009 versus June, 2010

Active listings

Inventory decreased in the following areas (in percent):

26% in Northeast Seattle

25% in Queen Anne/Magnolia

17% in Eastside/West Of Bellevue

2% in Mercer Island

2% in Central/East Seattle

2% in Northwest Seattle

Inventory increased in the following areas (in percent):

20% in Downtown Seattle

Price of all available condos & homes in reported areas decreased by 4%.

In King County inventory decreased by 9% and price decreased by 13%.

Pending sales

Pending sales decreased in following areas (in percent):

51% in Northeast Seattle

45% in Northwest Seattle

8% in Eastside/West Of Bellevue

8% in Downtown Seattle

3% in Queen Anne/Magnolia

Pending sales increased in the following areas (in percent):

19% in Central/East Seattle

136% in Mercer Island

The price of pending sales increased by 16% in all reported areas.

In King County pending sales decreased by 34% and price increased by 14%.

Sales

Sales decreased in the following areas (residential, new construction and condos included) (in percent):

60% in Northeast Seattle

25% in Central/East Seattle

2% in Queen Anne/Magnolia

Sales increased in the following areas (in percent):

36% in Eastside/West Of Bellevue

49% in Mercer Island

288% in Downtown Seattle

No change in Northwest Seattle.

Sale price decreased by 6% although a few areas experienced an increase in sale price from 3% to 54% in June, 2010 as compared to June, 2009.

In King County sales increased by 11% and sale price increased by 1%

Active listings - June, 2010 vs. June, 2009

Pending sales - June, 2010 vs. June, 2009

Sales - June, 2010 vs June, 2009

Information deemed reliable but not guaranteed.

Information and photos posted by Ally Wangsness, copyright © 2010. Photos and info may not be copied, reproduced and republished without the written permission of Ally Wangsness, Broker, RE/MAX Metro Realty, Inc.