A special report on residential real estate sales in King County

3rd Quarter 2012

w Windermere Real Estate/Wall St., Inc.

Windermere Real Estate

Market ReviewMarket ReviewMarket Review

Seattle MetroSeattle MetroSeattle Metro

Third Quarter July / Aug / Sept 2012

Housing market rebound continues, with "slow, unprepared buyers" settling for "2nd choice" homes NWMLS, Kirkland, WA, October 4, 2012 – Home sales around western Washington continue to outpace activity of a year ago while in-ventory remains thin, according to new figures from Northwest Multiple Listing Service. Brokers say that combination is resulting in disappointment for buyers who are slow to accept the reality of a recovering housing market. All cash buyers are returning to the en-tire market, observed MLS director Darin Stenvers. "Cash offers are being made across the price spectrum, including the million dollars-plus ranges," he added. Buyers are also weighing the pros and cons of renting or buying. "The rent versus buy conundrum is still the biggest obstacle facing buyers today," Stenvers reported. Current buyers are cautiously optimistic, Moorhead reported. Clients in gen-eral are united in debt reduction, building up savings and reserves, spending more wisely than they ever have, and have an optimistic outlook of the economy as a whole. Read more on our blog: www.Windermere-Magnolia.com

Area Number of Homes

Sold Q3 Average Sold Price Median Sold Price Days on market DOM

Houses Condos Houses Condos Houses Condos Houses Condos

SEATTLE CORE Downtown, Belltown

701 Na 120 Na $465,607 Na $391,050 Na 55

IN-CITY Queen Anne,

Magnolia 700

162 107 $669,180 $284,735 $590,203 $252,500 40 63

NW SEATTLE Ballard, Fremont,

GreenLake, Wallingford 705

306 99 $507,401 $246,332 $437,500 $235,000 28 59

NE SEATTLE View Ridge, Maple

Leaf, Northgate 710

306 53 $507,401 $202,388 $437,500 $173,500 28 58

CENTRAL SEATTLE Capitol Hill, Central

District, Madison Park 390

182 132 $757,924 $317,735 $572,500 $243,030 43 56

SE SEATTLE Columbia City,

Judkins, Mt Baker, Seward Park, Rainier 380

147 4 $347,337 $146,350 $303,000 $140,950 52 142

SE SEATTLE Beacon Hill,

Georgetown, SODO 385

70 5 $293,703 $176,300 $283,500 $168,500 53 130

WEST SEATTLE 140

331 48 $372,703 $243,889 $340,000 $198,500 41 90

Third Quarter July / Aug / Sept 2012

Real Estate Trends September 2012

All data compiled from NW Multiple Listing Service, this information is deemed reliable, but is not a guarantee nor is it guaranteed, and should be verified to your satisfaction.

Months of Supply: most areas of Seattle Metro showing 0-3 months of supply a “Sellers Advantage”

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