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Sales of new homes in the U.S. rose 1.3 percent this past month, marking a positive sign for the greater real estate market. According to the U.S. Commercer Department, this is the biggest gain in the past six months. New construction is a needed component to the real estate recovery, as inventories nationwide have dipped significantly in the past year.
New home sales were up significantly in the West, with a 14.9 percent increase intotal sales for October. With a 6-month supply of homes available nationwide, and much less in parts of the Seattle market, home builders are encouraged by the recent statistics.
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Seattle Luxury real estate means something different to each of us. If you are searching for a distinguished Seattle residence, you will quickly discover the choices are vast. Elaborate estates on secluded, secured lots in coveted golf course communities, Historic landmark homes with intricate details on finely manicured lots, architectural masterpieces of a contemporary nature with astounding city light views, can all be had, depending on your needs and desires.
When it comes to selecting Seattle properties, you will want to work with talented professionals who understand the luxury market and specific neighborhood nuances. View Seattle luxury houses from the convenience of your home and contact us for the courteous, knowledgeable assistance you deserve with all of your Seattle real estate needs.
Your Seattle Real Estate Experts

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The following information was current as of April 20th, 2008. Neighborhoods included in this report are Admiral, North Admiral and Belvedere.
| Single Family Homes Currently for Sale | 87 | ||
| Under $500,000 | 19 | ||
| Over $1,000,000 | 10 | ||
| Lowest Priced Single Family House | $299,950 | ||
| Highest Priced Single Family House | $3,100,000 | ||
| Median Home Price | $599,950 | ||
| Average Days on Market | 99 | ||
| Current Market Trend | Weak Buyer's Market | ||
| Condominiums Currently for Sale | 4 | ||
| Under $500,000 | 4 | ||
| Over $1,000,000 | 0 | ||
| Lowest Priced Condominium | $210,000 | Mortgage Information | |
| Highest Priced Condominium | $290,000 | ||
| Avg. 30 Year Fixed | 5.750% | ||
| Median Condo Price | $261,500 | Avg. 15 Year Fixed | 5.250% |
| Average Days on Market | 69 | Avg. 3/1 ARM | 6.000% |
| Current Market Trend | Weak Buyer's Market |
The Admiral neighborhood continues to be a hidden jewel in Seattle's crown. Just a few minutes from downtown, yet is has the great feel of a quiet suburban neighborhood. In recent years, Admiral has undergone a bit of a face-lift and introduced more shopping without loosing its bedroom roots. It has introduced some new condominiums but as you can see, is predominantly a single family home neighborhood. While market time has gone up along with the rest of Seattle, prices are stable and the market trend is showing that buyers have only a slight advantage in the current market over sellers. All in all Admiral is a great place to buy.
As a residential real estate specialist, my focus is on finding and selling first and second homes all over the Seattle area. If you are in the market for a home or looking to sell your existing home and need help, please don't hesitate to call, click or e-mail me. I'd love to help
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