Quick comparison of Seattle and Shoreline

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As I have heard that some buyers who haven’t been able to purchase in Seattle are going to Shoreline, increasing the demand. It is said that prices drop once one crosses 145th Street however according to the Trendgraphix report prices rose 25.8% compared to the last year.

Seattle:

Seattle For Sale, Sold, Pended

Home For Sale in December 2013: 759 units.
• Down 19.4% compared to the last month
• Up 1.1% compared to the last year

Home Listed in December 2013: 315 units.
• Down 34.5% compared to the last month
• Up 20.2% compared to the last year

Home Closed in December 2013: 504 units.
• Down 9.8% compared to the last month
• Down 2.1% compared to the last year

Home Placed under Contract in December 2013: 404 units.
• Down 23.8% compared to the last month
• Up 16.1Content % compared to the last year

Seattle For Sale, Sold, Pended, New

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales

Shoreline:

For sale, sold and pending in Shoreline
December 2013 Average For Sale Price is Neutral*

Average For Sale Price (in thousand) in December 2013: $505
• Down 3.3% compared to the last month
• Down 17.9% compared to the last year

December 2013 Average Sold Price is Neutral*

Average Sold Price in Shoreline

Average Sold Price (in thousand) in December 2013: $405
• 0% compared to the last month
• Up 25.8% compared to the last year

*Based on 6 month trend – Appreciating/Depreciating/Neutral