Real Estate Marketing Seattle

A review Closed Sales of the Northwest Multiple Listing Service as of March 2006 for King County

Residential: There was a drop in March ytd sales of 11%.  Year to Date average price jumped $60K or 14% from 2005 to 2006.  Average time on the market went down a few days in March, but stayed steady at 49 days. 

New Residential:  The nationally publicized unprecedented drop in new home sales was still evident in Seattle real estate market was almost 16% down March to March and about the same ytd.  Average price jumped almost $100K to $577K.  Average days on market went down from the previous March 12 days to 79 days.

Condo resales:  March to March units sold went down 12%, but overall ytd were only off less that half that.  Average price of a condo March 2006 was $299K vs. $248 the previous year a healthy 20% increase.  A sign of the viability of the condo market is the average time on market has dropped to 36 days in March 2006 from 54 in March 2005.

New Condos:  There are significant differences new vs total of all condos in price and average days on market which appears to show a trend to higher priced new condos.  Both ytd and March year to year prices are up 42% and 25%.  This came as a 39% drop to 84 units was experienced March to March.  Average time on market was double the overall average at 73 days for March 2006 down 10 days from the year before. 

A review Closed Sales of the Northwest Multiple Listing Service as of March 2006 for King County

Residential: There was a drop in March ytd sales of 11%.  Year to Date average price jumped $60K or 14% from 2005 to 2006.  Average time on the market went down a few days in March, but stayed steady at 49 days. 

New Residential:  The nationally publicized unprecedented drop in new home sales was still evident in Seattle real estate market was almost 16% down March to March and about the same ytd.  Average price jumped almost $100K to $577K.  Average days on market went down from the previous March 12 days to 79 days.

Condo resales:  March to March units sold went down 12%, but overall ytd were only off less that half that.  Average price of a condo March 2006 was $299K vs. $248 the previous year a healthy 20% increase.  A sign of the viability of the condo market is the average time on market has dropped to 36 days in March 2006 from 54 in March 2005.

New Condos:  There are significant differences new vs total of all condos in price and average days on market which appears to show a trend to higher priced new condos.  Both ytd and March year to year prices are up 42% and 25%.  This came as a 39% drop to 84 units was experienced March to March.  Average time on market was double the overall average at 73 days for March 2006 down 10 days from the year before.