Northeast Seattle condo and home sales in August 2010

Based on Northwest Multiple Listing Service information here is a comparison of condo and home sales in reported Northeast Seattle neighborhoods in August 2010 versus July 2010 and year-to-date sales.

Seattle neighborhoods reported: Laurelhurst, Windermere, Inverness, View Ridge, Hawthorne Hills, Sand Point, Bryant, Ravenna, Wedgwood and Maple Leaf.

Home and condo inventory was down 7% in all reported Seattle neighborhoods combined in August 2010 as compared to July 2010: home inventory was down 15% and condo inventory was up 1%.

Home and condo price was down 4% in August 2010 as compared to July 2010: home price was down 5% and condo price was down 2%.

Home and condo sales were down 49%: home sales were down 30% and condo sales were down 67%.

Home and condo sale price was down 1%: home sale price was up 12% and condo sale price was down 14% (only one condo sale price could be compared).

Better news - home and condo sales in reported northeast Seattle neighborhoods in January-August 2010 versus January-August 2009

Sales were up 25% in January-August 2010 as compared to January-August 2009: home sales were up 12% and condo sales were up 37%.

Sand Point neighborhood experienced the biggest increase in home sales among reported neighborhoods: 90%

View Ridge neighborhood experienced the biggest increase in condo sales: 300%

Sale price was down 1%: home sale price was up 2% and condo sale price was down 3%

Laurelhurst and Windermere neighborhoods experienced the biggest increase in home sale price among reported neighborhoods: 21%

Laurelhurst neighborhood experienced the biggest increase in condo sale price: 56%

In August 2010:

36 sales in reported Seattle neighborhoods (condos and homes combined)

Average home sale price: $643,693
Average condo sale price:$265,813

Listing/Sale price: 96.42%

Average days on the market before sale in all reported areas combined: 43

Average square footage of homes: 2,264, ranging from 1,000 to 3,800 sq. feet
Average square footage of condos: 1,034, ranging from 681 to 1,885 sq. feet

Sales statistics by neighborhood (condos and homes combined) – August 2010 versus July 2010.

Laurelhurst

Sales down 94%; sale price up 33%
Average sale price in August 2010: $936,000
Listing/Sale price: 96.00%
Average days on the market: 45

Windermere

No sales in August 2010; 3 sales in July 2010

Inverness

1 sale in August 2010; no sales in July 2010
Average sale price in August 2010: $945,000
Listing/Sale price: 81.61%
Average days on the market:121

View Ridge

Sales down 75%; sale price down 28%
Average sale price in August 2010: $562,000
Listing/Sale price: 101.18%
Average days on the market: 2

Hawthorne Hills

Sales up 75%; sale price up20%
Average sale price in August 2010: $561,525
Listing/Sale price: 99.58%
Average days on the market: 51

Sand Point

Sales down 100%; sale price comparison not applicable (no residential sales in August and no condo sales in July)
Average sale price in August 2010: $185,000 (condo only sales)
Listing/Sale price: 98.48%
Average days on the market: 82

Bryant

Sales down 29%; sale price down 1%
Average sale price in August 2010: $460,505
Listing/Sale price: 98.90%
Average days on the market: 8

Ravenna

Sales down 64%; sale price up 18%
Average sale price in August 2010: $562,250
Listing/Sale price: 96.58%
Average days on the market: 13

Wedgwood

Sales up 60%; sale price down 2%
Average sale price in August 2010: $408,994
Listing/Sale price: 97.49%
Average days on the market: 33

Maple Leaf

Sales down 63%; sale price up 10%
Average sale price in August 2010: $429,992
Listing/Sale price: 97.94%
Average days on the market: 36

Information deemed reliable but not guaranteed.

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