Group Estes Realty :: Connected... (Current Market Statistics)

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Group Estes Realty
Mailing Address
23515 NE Novelty Hill Road
Suite B-221, #402
Redmond, WA 98053

Office 425.502.5231
FAX 425.732.4512

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The goal with our market statistics overview is to give you the Historical as well as Current information regarding the real estate market in the Puget Sound Area. Whether you are tracking what your current property investment is doing, considering transitioning or adding further investments, this data is key to what the market has done - and is a glimpse to where it may be heading. We are focused here on King, Snohomish and Pierce counties in broad stokes. Our Community Views can give you a current snapshot of specific areas. In any event, we can include other areas within the State of Washington for you at your request. Evaluating this information and using it to augment your timelines and expectations is part of our commitment of service to you. Just Contact Us to tell us what you need.

We organize the information into a few different views:

Residential Perspective - King, Snohomish and Pierce counties. This gives you a multi-year view of single family housing inventory, average selling time, and average selling price of some key markets in the area. This is valuable as it contains information on the volume of homes available for sale (inventory) as well as the very important statistics on properties that have actually closed and sold.
We have three versions of numbers for you. The first is a quarterly view - looking at the average selling prices - again, by quarter - for the past 17 years and the deltas year over year. This gives us more insight into actual trends than looking at year-over-year monthly data, although we've included that information for you too. At the end of each quarter; e.g., when we have the March, June, September, and December final numbers, we will update the quarterly view.
The Monthly View lets you compare the current month to the same month in previous years -- again, going back 17 years.
The third version of these numbers is an average for each year. As new data is added for each month, it is included in that year's average. So, overall, 3 different ways to cut the data into more manageable chunks.

Percentage Change from Highest and Lowest SOLD price. Another way to look at the current average SOLD price for residental properties is to compare it with the highest and lowest average SOLD price since 2003. We've provided the comparison as a precentage of change. If the number is a positive (meaning the current price is higher), then the percentage is shown in black. If the number is a negative (meaning the current price is lower), then the percentage is shown in red.

Monthly Historical Detail. Click on the drop down box to choose a specific geographical area and we open up a separate window showing you a graph of the number of properties for sale, number that were Pending, and number that Sold EACH month going back a little over a year! The graphs are based on residental properties, but we can easily provide the same information for other types of properties -- just ask. By the way, we'll be adding and updating areas covered by the graphs on a regular basis - so be sure to check back often.

If you would like some help putting this all together and applying it to your goals and dreams, please give us a call. Just think of us as your real estate consultants.

Residential Perspective

Quarterly View

This data focuses on the Average Selling Price for each month of the past quarter, looking back several years. We use monthly data to calculate the Average Selling Price for the quarter -- balancing out some of the spikes to get a more accurate view. We then give you the delta in dollars, year-over-year, and that number in a percentage as well.
The goal here is to give you a good feel for what the local markets are doing... and the patterns do differ!

This representation is based in whole or in part on data supplied by the NWMLS. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

Monthly View

Included in this data are 3 key metrics:
Months of inventory available
(statisticians call 0-3 months of inventory a Seller's market, 3-6 months a Balanced market, 6+ months a Buyer's market)

Average Combined Days on Market - how long, in days, that the average house takes to sell

Average selling price -- a much more understandable number than the median

This representation is based in whole or in part on data supplied by the NWMLS. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

Yearly View

Included in this data are 3 key metrics:
Months of inventory available
(statisticians call 0-3 months of inventory a Seller's market, 3-6 months a Balanced market, 6+ months a Buyer's market)

Average Combined Days on Market - how long, in days, that the average house takes to sell

Average selling price -- a much more understandable number than the median

NOTE: Average for current year is through August.

This representation is based in whole or in part on data supplied by the NWMLS. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

Percentage Change from Highest and Lowest SOLD price

NOTE: Current Average SOLD price is for August.

This representation is based in whole or in part on data supplied by the NWMLS. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

Monthly Historical Detail

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