MARKET UPDATE Seattle (NWMLS Areas: 140, 380,...

September, 2016 MTD

Year Rank (Multiple Items)

Current Year Month Parell Year Month Match?Yes

MARKET UPDATE

4,0914,290

3,685

4,068

2,788

1,781 1,709

1,478

1,0041,173

716 779978

681 748888

1,062 1,071 1,106 1,142

5.75.5

3.8

6.0

3.7

2.0

1.61.4

0.91.0

0 mo.

1 mo.

2 mo.

3 mo.

4 mo.

5 mo.

6 mo.

7 mo.

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

2007 2008 2009 2010 2011 2012 2013 2014 2015 09/16

Active, Pending, & Months Supply of Inventory

Active Listings MTD

Pending Sales MTD

Months of Inventory

$399,950 $400,000$376,000 $387,500

$362,000 $370,000

$419,925$452,000

$507,500

$580,000

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

2007 2008 2009 2010 2011 2012 2013 2014 2015 09/16

0% -6% 3% -7% 2% 13% 8% 12% 14%

Data Current Through: September, 2016

Created by Windermere Real Estate/East Inc. using NWMLS data, but information was not verified or published by NWMLS.

Median Closed Sales Price for Current Month Closings

September, 2016 MTD

Seattle (NWMLS Areas: 140, 380, 385, 390, 700, 701, 705, 710) Summary

RESIDENTIAL & CONDOMINIUM

September, 2016 MTD

September MTD

MARKET UPDATE

17,548 17,479

15,145 15,216

12,217

10,713

12,05612,405 12,183

12,501

11,458

8,344

6,513

7,6196,989

7,877

9,606 9,762

10,70011,040

65%

48%43%

50%

57%

74%

80% 79%

88% 88%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

Sep, 2007 Sep, 2008 Sep, 2009 Sep, 2010 Sep, 2011 Sep, 2012 Sep, 2013 Sep, 2014 Sep, 2015 Sep, 2016

What Are The Odds of Selling?

New Listings (Trailing 12 Mo.) Closed Sales (Trailing 12 Mo.) Closed Vs. New Listings

Data Current Through: September, 2016


Seattle (NWMLS Areas: 140, 380, 385, 390, 700, 701, 705, 710) Summary


11,937

9,0918,754

9,391 9,211

10,540

11,850 11,985

12,82012,317

11,458

8,344

6,513

7,619

6,989

7,877

9,606 9,762

10,70011,040

4 %

8 %

26 %

19 %

24 %25 %

19 % 19 %

17 %

10 %

0%

5%

10%

15%

20%

25%

30%

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Sep, 2007 Sep, 2008 Sep, 2009 Sep, 2010 Sep, 2011 Sep, 2012 Sep, 2013 Sep, 2014 Sep, 2015 Sep, 2016

Percentage of Pending Sales that do not Close

Pending Sales (Trailing 12 Mo.) Closed Sales (Trailing 12 Mo.) Closed Vs. Pending Listings

MARKET UPDATE Data Current Through: September, 2016

% Sold Above List Price

42%

450

SOLD ABOVE LIST PRICE (Current Month)

5%

% Above List Price

MEDIAN

9

Average Days

Properties

% Sold At List Price

28%

301

SOLD AT LIST PRICE (Current Month)

36

Average Days

Properties

% Sold Below List Price

13%

139

SOLD BELOW LIST PRICE (Current Month)

% Below List Price

MEDIAN

Average Days

-2% 25Properties

% Sold With Price Change

18%

194

PRICE CHANGE BEFORE SALE (Current Month)

61

Average Days

Properties


Seattle (NWMLS Areas: 140, 380, 385, 390, 700, 701, 705, 710) Summary RESIDENTIAL & CONDOMINIUM

Area Area

2016 2015 2016 2015

100 2.2 1.7 530 0.7 1.0

110 1.4 1.5 540 1.0 1.1

120 1.4 1.3 550 1.0 1.2

130 1.4 1.3 560 1.0 1.2

140 1.0 0.9 600 0.9 1.2

300 1.8 1.7 610 1.1 1.8

310 1.3 1.6 700 1.2 1.2

320 1.6 1.5 705 0.8 0.6

330 1.3 1.2 710 0.8 0.7

340 1.3 1.3 715 1.1 0.8

350 1.4 1.2 720 0.9 1.1

360 1.8 1.9 730 1.0 1.2

380 1.1 1.0 740 1.3 1.5

385 1.0 0.6 750 1.4 2.1

390 1.3 1.3 760 1.7 2.0

500 1.3 1.3 770 1.8 1.6

510 2.6 1.7 800 2.1 3.3

520 2.3 2.0

Months

Inventory

Months

Inventory


0 - 3 3 - 6 6+SELLER'S

ADVANTAGE

BALANCED

ADVANTAGE

BUYER'S

ADVANTAGE

770

760

750740

610

730

600

550

540

560

520530

705 710

320

300

310

100

110

120 330

340

350 500

390700

140385

380

510

360130

800

Arlington

Marysville

Monroe

Edmonds Mountlake

Terrace

Woodinville

RedmondKirkland

BellevueSammamish

North

Bend

Renton

Burien

Kent

AuburnFederal Way

Enumclaw

Puyallup

Tacoma

Seattle

715 720

3 YEARS AGO


2 YEARS AGO 1 YEAR AGO

770

760

750740

610

730

600

550

540

560

520 530

705 710

320

300

310

100

110

120 330

340

350 500

390700

140385

380

510

360130

800

Arlington

Marysville

Monroe

Edmonds Mountlake

Woodinville

RedmondKirkland

BellevueSammamish

North

Bend

Renton

Burien

Kent

AuburnFederal Way

Enumclaw

Puyallup

Tacoma

Seattle

715 720

770

760

750740

610

730

600

550

540

560

520 530

705 710

320

300

310

100

110

120 330

340

350 500

390700

140385

380

510

360130

800

Arlington

Marysville

Monroe

Edmonds Mountlake

Woodinville

RedmondKirkland

BellevueSammamish

North

Bend

Renton

Burien

Kent

AuburnFederal Way

Enumclaw

Puyallup

Tacoma

Seattle

715 720

770

760

750740

610

730

600

550

540

560

520 530

705 710

320

300

310

100

110

120 330

340

350 500

390700

140385

380

510

360130

800

Arlington

Marysville

Monroe

Edmonds Mountlake

Woodinville

RedmondKirkland

BellevueSammamish

North

Bend

Renton

Burien

Kent

AuburnFederal Way

Enumclaw

Puyallup

Tacoma

Seattle

715 720

Months

Supply

of

Inventory

•

CURRENT

MONTH

•KING &

SNOHOMISH

COUNTY

•Residential &

Condominium

King CountyMedian

Price

Rate

30-Year-Fixed

P&I

Principal & Interest

Market

Time

(DOM)

Median SP

to Original

LP %

Median SP

to Last

LP %

Total

Units% of Total

September, 2016 $580,000 3.46% $2,592 < 15 100.9% 100.9% 757 69.8%

September, 2015 $507,500 3.90% $2,393 15 - 30 98.6% 100.0% 151 13.9%

-$72,500 0.44%$198

31 - 60 96.0% 98.4% 83 7.7%

$2,381

61 - 90 92.8% 97.5% 44 4.1%

90+ 100.0% 100.0% 49 4.5%

Totals 1,084 100.0%

Per Year

Per Month


King County Annual Average Residential Closed Sales Price (with interest rate in bars)

Monthly Payments (principle + interest) based on average price and interest rate

Appreciation Trend Line

represents Seattle Consumer PRice Index: all items, all urban consumers

10.3

%

10.1

%

9.3

%

8.4

%

7.3

%

8.4

%

7.9

%

7.8

%

7.6

%

6.9

%

7.4

%

8.1

%

7.0

%

6.5

%

5.8

%

5.8

%

5.9

%

6.4

%

6.3

%

6.0

%

5.0

%

4.7

%

4.5

%

3.7

%

4.0

%

4.2

%

3.9

%

3.5

%

$1,275 $1,587

$1,466

$1,389

$1,271

$1,485

$1,477

$1,518

$1,626

$1,714 $1,995 $2,312

$2,144

$2,151

$2,078

$2,302 $2,695

$3,244

$3,509

$3,172

$2,459

$2,398

$2,136

$2,020 $2,357 $2,642

$2,747

$2,901

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000


Sales Price to List Price

based on Market Time

The Cost of

Waiting a Year

Monthly Payments Vs. Appreciation Trendline

King County (RESIDENTIAL ONLY)


Seattle


Seattle

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DECMTD %

Change

YTD

Summary

YTD %

Change

2016 # of Active Listings 613 651 712 864 837 852 994 938 1,173 17% 848 AVG -2%

# of Pending Transactions 649 867 1,144 1,149 1,367 1,273 1,140 1,205 1,142 3% 9,936 YTD -4%

Months Supply of Inventory 0.9 0.8 0.6 0.8 0.6 0.7 0.9 0.8 1.0 13% 0.8 AVG 1%

# of Closed Sales 502 608 813 952 1,027 1,263 1,171 1,169 1,074 11% 8,579 YTD 4%

Median Closed Price 538,500 554,225 552,000 564,300 579,000 585,000 599,000 599,000 580,000 14% 577,148 WA 15%

2015 # of Active Listings 755 797 803 854 898 873 890 915 1,004 933 663 438 -32% 865 AVG -32%

# of Pending Transactions 783 855 1,214 1,424 1,336 1,336 1,204 1,102 1,106 1,021 840 520 3% 10,360 YTD 8%

Months Supply of Inventory 1.0 0.9 0.7 0.6 0.7 0.7 0.7 0.8 0.9 0.9 0.8 0.8 -34% 0.8 AVG -36%

# of Closed Sales 510 539 775 958 1,099 1,181 1,189 1,011 968 959 691 811 10% 8,230 YTD 11%

Median Closed Price 464,000 442,500 489,950 494,000 499,999 516,000 517,500 536,000 507,500 493,000 515,000 550,000 12% 502,487 WA 14%

2014 # of Active Listings 1,026 1,036 1,044 1,169 1,382 1,429 1,492 1,363 1,478 1,312 1,041 749 -14% 1,269 AVG -6%



# of Closed Sales 510 525 783 829 961 1,008 1,006 914 877 940 742 788 2% 7,413 YTD -1%


2013 # of Active Listings 978 1,040 1,069 1,146 1,389 1,511 1,581 1,671 1,709 1,567 1,239 960 -4% 1,344 AVG -23%



# of Closed Sales 521 512 726 836 1,015 967 1,054 1,032 856 917 724 708 21% 7,519 YTD 21%


JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DECAnnual

Totals

# of Active Listings 2,061 2,175 2,271 2,432 2,561 2,611 2,670 2,629 2,762 2,635 2,297 1,789 2,408 AVG

% of 12 Month Avg. 86% 90% 94% 101% 106% 108% 111% 109% 115% 109% 95% 74%

# of Pending Transactions 691 817 1,038 1,089 1,089 1,075 972 948 899 893 721 541 10,771 T

% of 12 Month Avg. 77% 91% 116% 121% 121% 120% 108% 106% 100% 99% 80% 60%

Months Supply of Inventory 3.0 2.7 2.2 2.2 2.4 2.4 2.7 2.8 3.1 3.0 3.2 3.3 2.7 AVG

% of 12 Month Avg. 109% 97% 80% 82% 86% 89% 100% 101% 112% 108% 116% 121%

# of closed units 500 508 740 782 897 952 900 856 766 778 658 655 8,992 T

% of 12 Month Avg. 67% 68% 99% 104% 120% 127% 120% 114% 102% 104% 88% 87%


Seattle (NWMLS Areas: 140, 380, 385, 390, 700, 701, 705, 710) Summary Report



AVG = Average, YTD = Year to Date, WA = Weighted Average, T = Total

MONTHLY AVERAGES BASED ON HISTORICAL DATA | 2006 - 2015

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DECMTD %

Change

YTD

Summary

YoY %

Change

2012 # of Active Listings 1,832 1,730 1,709 1,722 1,733 1,773 1,718 1,664 1,781 1,510 1,257 966 -36% 1,740 AVG -39%

# of Pending Transactions 641 891 1,071 1,069 1,097 996 927 922 888 982 746 525 19% 8,502 YTD 15%


# of Closed Sales 433 444 617 706 836 891 794 780 705 758 723 606 19% 6,206 YTD 15%


2011 # of Active Listings 2,711 2,799 2,775 2,954 2,927 2,999 2,931 2,801 2,788 2,561 2,256 1,826 -31% 2,854 AVG -25%

# of Pending Transactions 635 731 928 884 944 880 813 849 748 776 683 579 10% 7,412 YTD 2%


# of Closed Sales 394 403 630 625 673 765 640 684 593 571 540 560 24% 5,407 YTD -2%

Median Closed Price 363,500 347,500 357,500 361,000 365,000 353,500 365,000 350,050 362,000 343,000 325,000 339,000 -7% 358,403 WA -6%

2010 # of Active Listings 2,973 3,297 3,659 3,960 3,999 4,076 4,227 4,171 4,068 3,788 3,321 2,611 10% 3,826 AVG 5%

# of Pending Transactions 657 817 1,109 1,257 703 714 652 661 681 706 596 497 -30% 7,251 YTD -1%

Months Supply of Inventory 4.5 4.0 3.3 3.2 5.7 5.7 6.5 6.3 6.0 5.4 5.6 5.3 59% 5.0 AVG 6%

# of Closed Sales 459 429 704 705 808 771 642 533 477 527 476 579 -33% 5,528 YTD 8%


2009 # of Active Listings 3,220 3,555 3,641 3,670 3,716 3,667 3,788 3,697 3,685 3,599 3,169 2,553 -14% 3,627 AVG -12%

# of Pending Transactions 485 517 700 900 971 989 869 904 978 951 633 556 26% 7,313 YTD 4%


# of Closed Sales 342 320 435 462 606 787 777 689 710 777 705 609 9% 5,128 YTD -16%

Median Closed Price 380,000 359,475 350,000 369,975 375,000 385,000 364,900 375,000 376,000 378,500 366,000 375,000 -6% 371,934 WA -10%


# of Pending Transactions 584 755 824 809 836 889 792 765 779 578 477 386 9% 7,033 YTD -25%

Months Supply of Inventory 5.9 4.8 4.8 5.3 5.5 4.9 5.5 5.5 5.5 7.1 7.9 8.0 -4% 5.3 AVG 77%

# of Closed Sales 480 565 733 712 767 791 735 673 653 589 409 387 -26% 6,109 YTD -31%

Median Closed Price 403,475 414,250 425,000 415,000 425,000 425,000 412,500 399,000 400,000 375,000 382,500 420,000 0% 414,108 WA -1%


# of Pending Transactions 754 967 1,160 1,186 1,308 1,253 1,087 958 716 786 743 529 -25% 9,389 YTD -4%


# of Closed Sales 704 654 1,010 1,060 1,209 1,191 1,112 1,059 878 830 710 695 -6% 8,877 YTD 3%



# of Pending Transactions 857 897 1,179 1,096 1,293 1,264 1,045 1,156 959 989 874 685 -13% 9,746 YTD -4%


# of Closed Sales 650 684 991 929 996 1,167 1,048 1,184 938 910 864 807 -16% 8,587 YTD -8%



Seattle (NWMLS Areas: 140, 380, 385, 390, 700, 701, 705, 710) Summary Report



AVG = Average, YTD = Year to Date, WA = Weighted Average

MARKET UPDATE Seattle (NWMLS Areas: 140, 380,...

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