February 2009 Seattle Market Updates
In King County, number of sales increased by 8% over January showing a seasonal rise, and also favorable market changes with some tax help for first time homebuyers.
From February ‘08 to February ‘09 average prices are down 9%.
Not surprisingly, the most active price range for resale homes is $300,000-$350,000. Second most active is $350,000 to $400,000.
The most active price range for new construction homes is $600,000 to $750,000, and the second most active is $750,000 to $1,000,000.
In Snohomish county, the number of sales rose 68% from January ‘09.
The average price of a residence is 15% lower than February ‘08.
The most active price range for resale homes is $300,000 to $350,000. Second most active price range is $225,000 to $250,000.
In the new construction arena, the most active price range is $300,000 to $350,000. In second place, $400,000 to $450,000.
Please remember that these numbers are county wide trends, and that real estate pricing is very localized and can also be affected by the owner’s situation. Please call us for a closer look at properties that interest you.
Here are the February 2009 Real Estate Market updates for King, Snohomish Counties:
King County
And statistics by neighborhood:
King County Neighborhoods
Snohomish County Neighborhoods
Compiled by our title partner, from MLS statistics.
Lynette Hensley, Associate Broker, Realtor
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