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Hi, this is Anton Stetner with the Real Estate Solutions Group at Keller
Williams Realty. Hey, we're going to talk with you real quick about Seattle
real estate statistics for February 2012.
Right now, what's happening here in the city of Seattle, your average
property that is selling is a 3 bed, 2.05 bath. I don't know how they get
the 2.05, but that's what it averages out to, and it's 2,176 square feet.
It's selling for an average sales price of $446,739. There were 319 sales
for February, for a total of $142.5 million in sales.
One thing that's really interesting is when we compare February of this
year to February of last year, there is almost no change in the average
price, like literally to be exact, it was up $541. So that's just spot on.
However, when we go in and we compare the year-to-date, the year-to-date is
more reflective of what we've been seeing in overall King County. Year-to-
date in Seattle, the average price is down 10.7%, with sales being up 4.7%.
Once again, here in the city of Seattle what we're starting to feel is
we're starting to feel upward price pressure. In stuff that is below the
median price, we're seeing inventory starting to get real scarce in that
area. We're also seeing a lack of foreclosure inventory coming on to
replace it, and not enough new construction there to keep up with demand.
So we expect the trend for the future just to be tightening up there, be a
really competitive buyer market, and for it to kind of remain in that
beginning stages of a seller's market.
If you guys have any more thoughts and questions, please leave them below
or shoot us a phone call, email, text message, or a smoke signal. Thanks
everyone, I'm Anton.