Seattle Real Estate Update – Dec. 2014

Jan 23 20150 Comment

Seattle real estate trends are extremely neighborhood-centric and can vary drastically from one pocket of the city to another. Here, we’ve broken down the stats from December 2014 for a handful of neighborhoods in which we work. If you don’t see information for your neighborhood of interest, please register for Market Snapshot or let us put together stats on your behalf. You can also check your home’s current value using the widget above.

 

 *Click Graphs to Enlarge*

Arboretum-Trends-For Sale-2014 12Arboretum: In December we only saw 1 property come on the market and as of January 17, 2015, that home is pending. There are only 2 active listings available for sale in the Arboretum as of 1/20/15 which continues to highlight the fact that inventory in the neighborhood is low and that it is a great time to be a seller. View Arboretum homes for sale >

 

 

Montlake-Trends-Inventory-2014 12Montlake: Montlake had a big goose egg when it came to inventory in December. Nada. Zip. Zero. Zilch. There were a handful of homes that went under contract in November and closed in late December or early January, but there hasn’t been a rush of fresh homes for buyers to look at which could be a huge advantage to sellers looking to list their Montlake home in the near future. View homes for sale in Montlake >>

 

 

Broadmoor-Trends-PPSF-2014 12Broadmoor: In November, 3 houses came on the market in Broadmoor and by the end of December, only 1 active property remained while 4 other buyers were calling this neighborhood “Home”. The average price per square foot for the neighborhood was $478 in December. View homes for sale in Broadmoor >>

 

 

 

Eastlake-Trends-Inventory-2014 12Eastlake: In Eastlake, 5 homes closed in December while another 4 went under contract. With only 8 new listings coming on the market last month and buyer demand remaining high, Eastlake is proving to be a great neighborhood for sellers. View homes for sale in Eastlake >>

 

 

 

Madison Park-Trends-Inventory-2014 12Madison Park: Only 1 home remained active in Madison Park in December with 4 transferring ownership and 1 additional listing going pending. If you recall back in September, this neighborhood saw a huge spike in inventory with 11 active properties but within a matter of 3 short months, buyers snatched up those homes and have driven inventory back down to levels we haven’t seen in the past 15 months. View homes for sale in Madison Park >>

 

 

WA Park -Trends-PPSF-2014 12Washington Park: Two homes sold in Washington Park in December with an average price per square foot of $733 – the highest level we’ve seen in the past 15 months. Four new listings hit the market and another 3 went pending so we’d expect to see that price per square foot drop a bit once January wraps up. View homes for sale in Washington Park >>