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North Seattle Market Moving Faster on the Low End ...

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North Seattle Market Moving Faster on the Low End of Prices

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Lower-priced homes in Seattle are selling at a fast pace so far in 2009. While the top of the market may still be in a bit of a slump, homes in the "first time buyer" range have been moving quickly this year.

For single-family homes in North Seattle, prices under $350,000 seem to be the majority of sales for first time home buyers. Since the start of 2009, the median time it took to sell a home under $350k was just 28 days. There were 195 total sales in this range, with half of them being between $300k and $350k. This seems to be the "sweet spot" for pricing a starter home in N. Seattle.

This data was not compiled by the Northwest Multiple Listing Service (NWMLS).

Seattle Homes For Sale

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July 04 - Seattle

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Sandro - NW Real Estate, "NW Real Estate Agent"
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Sandro - NW Real Estate, "NW Real Estate Agent"

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Hi Sam,
I have noticed similar stats for Snohomish. The low end of the price spectrum is moving rather quickly. In fact I've noticed price increases. This of course applies to properties with good value that are not grossly overpriced.

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July 06

Randolph L. Smith, "RandolphLSmith"
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Randolph L. Smith, "RandolphLSmith"

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Good to see your smiling faces.
I spend more time out looking than reading stats and am amazed at how many listings I have seen, with my own eyes, priced $800K & up, that sold recently.
Sure, the lesser priced market is moving faster and probably always will, and when those sell, people move up, and there are screaming deals to be had by those prepared, with a bit of cash on hand from a recent sale.
We can probably all agree, these are very good signs.

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July 06

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North Seattle Market Moving Faster on the Low End of Prices

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