March 2016 Seattle-Area Housing Report

How high will you go?

March was a month of competitive bidding wars if there ever was one. All but West Bellevue had average sale prices coming in at well above listed prices, 1-3% higher to be exact. And, if you were thinking about buying in the Ballard-Greenlake area, prepare to pay about 8% above the listed sale price according to the latest data released for the Month of March. Not far behind were South Seattle at 6%, North Seattle at 5%, and West Seattle at 4% above their respective average list prices. Oh and to be sure, there are no bargain prices in West Bellevue to be had—it’s just that at an average sale price of $1.8 million one can find a little wiggle room.
Buyers hoping to get in early for fear that prices will rise even higher as we enter our peak season, a brisk rate of local employment growth, and record low levels of homes for sale are the reason for all of this craziness. Affordability is close in the forefront of many expert’s minds as appreciation outpaces wage growth for all but the chosen few. Sustainable? We’ll see…

View the full March 2016 Report by neighborhood

Individual Reports

SEATTLE
West Seattle
South Seattle
Central Seattle
Queen Anne
Ballard/Greenlake
North Seattle
EASTSIDE
South Bellevue
Mercer Island
West Bellevue
East Bellevue
East Lk Sammamish
Redmond
Kirkland
Woodinville
Renton Highlands

MONTHLY SNAPSHOT

Click on each report below to view an overview of the regional data:
Seattle Metro
Eastside
King County
Mercer Island

© Copyright 2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s