Market Trends from The First Quarter of 2018
Cindy Paur April 30, 2018
Cindy Paur April 30, 2018
I'm pleased to share with you a glimpse of the first quarter of 2018 around the sound. Seattle has been picking up steam as it continues its reign as the hottest market in the country. Home values have progressed upwards while inventory dwindles. See what has happened within your community.
Seattle home prices remained red hot in the first quarter of 2018, as the median sales price reached $917,000, up over $30K from the final quarter of 2017 and 14.2% year-over-year.
A shortage of homes available continues on the Eastside, as the average days on market decreased by 5 days to just under one month with the average sales price up 13.2%.
Bainbridge Island continues to attract buyers, as the number of homes sold was up just over 28% from Q1-2017 despite a sharp 60.7% inventory decrease.
Condominiums in Seattle continue to attract buyers as the average days on market in Q1-2018 was 15 days, down a staggering 34.8% compared to the first quarter of 2017.
Explore the top Eastside and Seattle schools, from elite districts to leading universities.
Explore Sotheby’s International Realty’s exclusive media partnerships across global luxury brands.
Realogics Sotheby’s International Realty sets the standard for luxury and innovation.
Discover the allure of Pacific Northwest waterfront living and explore real estate market insights
Please contact me if you're interested in receiving your own paper copy.
Building community connections through golf, philanthropy, and real estate leadership events
Elegant homes from coast to coast with grand foyers that define luxury and architectural charm.
Quarterly insights into Puget Sound’s housing markets across key counties and communities in Q3-2023.
Discover the most exclusive global residency programs designed for luxury property investors.
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today so I can guide you through the buying and selling process.
