Market Trends from the First Quarter of 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 | Single Family Homes
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. View report here.
Eastside | Residential
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%. View report here.
Bainbridge Island | Residential
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. View report here.
Seattle | Condominiums
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. View report here.