Home sales and prices rise in King County

Tuesday, May 5, 2009, Puget Sound Business Journal

King County home sale prices rebound in April. The average and median home sale price in King County rose in April from March; a price increase that hasn’t happened for several months.

The average home sale price of the 1,242 closings last month in King County rose to $417,500 from $394,169 in March. The median home sale price (half sold for more, half sold for less) rose to $350,000 in King County last month, up from $335,000 a month earlier. The median home sale price in April 2008 was $410,000.

Mill Creek Market Watch
May 2-May 15

Significant rise in activity. Huge buyer incentives bring 7 sales in the Auguston. Read on…

Homes New on Market

Springtree 4 bed Split Entry 2696 SF $379,950
Pembrook 2 bed Rambler 1820 SF $400,000
Springtree 4 bed Daylight Rambler 2638 SF $410,000
Amberleigh 3 bed 2 Story 1930 SF $424,950
Cottonwood 5 bed 2 Story 2394 SF $459,900
Evergreen 3 bed Rambler 2048 SF $475,000
Winslow 3 bed 2 Story 2456 SF $489,000
Red Cedar 5 bed 2 Story 3317 SF $493,000
Websters Pond 4 bed 2 Story 2765 SF $525,000
Vine Maple 4 bed 2 Story 2615 SF $529,500
Sunrise 4 bed 2 Story 2698 SF $545,000
Cypress 3 bed Rambler 2833 SF $599,950
Vineyards 4 bed 2 Story 3283 SF $617,000
Sunrise Court NC 4 bed 2 Story 3185 SF $619,950

Pending Sales (asking prices listed)

Pending Sales-New Construction

Northpointe 3 bed 2 Story 1906 SF $364,800
Northpointe 3 bed 2 Story 1858 SF $398,800
Sunrise Court 4 bed 2 Story 3255 SF $649,950

Pending Sales

Websters Pond 4 bed 2 Story 2455 SF $319,950
Websters Pond 4 bed 2 Story 2455 SF $385,000
The Parks 4 bed 2 Story 2143 SF $409,950
Brighton 4 bed 2 Story 3202 SF $569,000
The Highlands 4 bed 2 Story 3237 SF $587,000
Heatherwood 5 bed 2 Story 2310 SF $398,888
The Parks 4 bed 2 Story 2378 SF $425,000
Evergreen 4 bed 2 Story 3165 SF $559,950
River Crossing 4 bed 2 Story 3180 SF $639,000

Sold (closed price listed)

Northpointe 3 bed 2 Story 2131 SF $374,000
Red Cedar 3 bed Rambler 2122 SF $420,000
Huckleberry 4 bed 2 Story 2965 SF $440,000
Juniper 4 bed 2 Story 3370 SF $500,000
Evergreen 3 bed Rambler 2752 SF $608,000
Willow Golf Course 3 bed Rambler 3023 SF $700,000

Condos New on Market

Auguston 2 bed 1 level 980 SF $179,000
Mill Creek Village 3 bed 1 level 1379 SF $325,000

Condos Pending Sales

Rivendale 2 bed Townhouse 1086 SF $217,000
Copper Tree 2 bed 1 level 1795 SF $392,000
Auguston 2 bed 1 level 928 SF $149,000
Auguston 3 bed 1 level 1192 SF $169,000
Auguston 3 bed 1 level 1192 SF $172,000
Auguston 2 bed 1 level 980 SF $179,000
Auguston 2 bed 1 level 928 SF $184,000
Auguston 3 bed 1 level 1192 SF $184,000
Auguston 3 bed 1 level 928 SF $195,000
Mira Vida 2 bed 1 level 1220 SF $397,990

Condos Sold
Rivendale 2 bed Townhouse 1086 SF $220,000
Mill Lane Townhouse 2 bed 1061 SF $225,000

Pending sales in Western Washington rise with improved affordability, buyer incentives

KIRKLAND, WA, May 5, 2009 –Northwest Multiple Listing Service members reported pending sales for April surged 11.4 percent compared to twelve months ago – and rose 21.3 percent from March.

Brokers reported 6,918 pending sales during April across the 19 counties that make up the Northwest MLS market area. That's up from the year-ago total of 6,208, and the March figure of 5,701 pending sales (offers made and accepted, but not yet closed).

For the four-county Puget Sound area (King, Kitsap, Pierce and Snohomish), brokers notched 5,372 pending sales, the highest total since August 2007 and a jump of 26 percent from March.

Inventory is shrinking and prices are showing some signs of stabilizing, according to data in the latest report from Northwest MLS. The median price for last month's closed sales of single family homes and condominiums area-wide was $270,000. That matched the figure for March, but still lagged prices of a year ago (down 12.9 percent).

Inventory is down 18.3 percent from year-ago levels, with Clark, Kitsap and Pierce reporting the largest drops. Members added 10,824 new listings of single family homes and condos to inventory last month, down almost 20.5 percent from the year-ago total of 13,607 new listings.

Mill Creek Market Watch
April 18-May 1

Homes New on Market

Northpointe 3 bed 2 Story 1747 SF $352,950
Belvedere 2 bed 2 Story 1935 SF $385,000
The Parks 4 bed 2 Story 1906 SF $429,950
Huckleberry 3 bed Tri Level 2441 SF $469,000
The Highlands 3 bed 2 Story 2246 SF $485,900
The Parks 4 bed 2 Story 3036 SF $509,500
Vine Maple 3 bed Tri Level 2542 SF $539,000
The Highlands 4 bed 2 Story 2262 SF $564,750

Pending Sales (asking prices listed)

Pending Sales-New Construction

Thomas Lake 5 bed Tri level 2104 SF 334,950
Thomas Lake 3 bed 2 Story 1733 SF $314,950
Thomas Lake 5 bed 2 Story 2125 SF $332,950
Thomas Lake 5 bed 2 Story 2125 SF $332,950
Thomas Lake 5 bed 2 Story 2104 SF $334,950
Northpointe 4 bed 2 Story 1818 SF $384,950
Montage 4 bed 2 Story 3958 SF $699,950

Pending Sales

Emerald Heights 3 bed 2 Story 1746 SF $339,950
Websters Pond 5 bed 2 Story 2515 SF $379,500
Amberleigh 3 bed 2 Story 1856 SF $385,000

Sold

Emerald Heights 3 bed 2 Story 2518 SF $340,000
Northpointe 3 bed 2 Story 1906 SF $355,000
Northpointe 3 bed 2 Story 1858 SF $370,000
Parkside 4 bed 2 Story 2722 SF $508,000
Montage 4 bed 2 Story 3736 SF $625,000
Montage 4 bed 2 Story 3805 SF $720,000

Condos New on Market

Aviara 1 bed 1 level 710 SF $189,950
Country Club 2 bed 1 level 927 SF $147,700 Bank Owned
Country Club 1 bed 1 level 862 SF $162,500
Auguston 2 bed Townhouse 1180 SF $215,000
Rivendale 2 bed Townhouse 1104 SF $229,950
Mira Vida 2 bed 1 level 1023 SF $284,000
St. Moritz 2 bed 1 level 1531 SF $289,950

Condos Pending Sales

Mill Creek Court 3 bed Townhouse 1732 SF $254,950
Auguston 3 bed 1 level 1192 SF $169,000