The Importance of Market Data

Buyers and Sellers need to consider available data when arriving at their selling or buying strategies.  The data in this section of my website comes from different sources and articles including my own personal observations.

Sellers want to understand the market so that they can choose the best pricing strategy to ensure that their home sells for the highest price in the shortest time frame. The pricing strategy is dependent on market conditions. An experienced agent will interpret the market data and help to formulate the best price and strategy. 

Buyers want to be aware of market trends and how those trends might affect what they offer on a given piece of property. Buyers want to see the comps (comparable sales data). An experienced agent can provide the comps and help interpret the data as well as give advice on what strategy to use in the bidding process.

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Area 140 Average Sold Price Jan 2015- Mar 2016

Area 140 Average Sold Price Jan 2015- Mar 2016

DATE:   March, 2016 - MLS Area 140 - West Seattle

TOTAL ACTIVE RESIDENTIAL LISTINGS:  97

COMPARED TO LAST YEAR AT THIS TIME:   150

AVERAGE LIST PRICE:   2 Bed $401,985; 3 Bed $525,614; 4 Bed $795,830; 5+ Bed $668,986

AVERAGE MARKET TIME:   21 Days

COMPARED TO LAST YEAR AT THIS TIME:   30 Days

LIST PRICE VERSES SALES PRICE RATIO:   104.8%

COMPARED TO LAST YEAR:   100.7%

NUMBER OF SALES YTD:   350

AVERAGE SALES PRICE:   2 Bed $411,195; 3 Bed $536,176; 4 Bed $722,894; 5+ Bed $752,411

COMPARED TO LAST YEAR:   2 Bed $380,803; 3 Bed $476,814; 4 Bed $622,508; 5+ Bed $657,367

OVERALL APPRECIATION OR DEPRECIATION:   18.45% Appreciation

DATE:   February, 2015 - 

TOTAL ACTIVE RESIDENTIAL LISTINGS:   

COMPARED TO LAST YEAR AT THIS TIME:     

AVERAGE LIST PRICE:   2 Bed $; 3 Bed $; 4 Bed $; 5+ Bed $

AVERAGE MARKET TIME:    Days

COMPARED TO LAST YEAR AT THIS TIME:    Days

LIST PRICE VERSES SALES PRICE RATIO:   %

COMPARED TO LAST YEAR:   %

NUMBER OF SALES YTD:   

AVERAGE SALES PRICE:   2 Bed $; 3 Bed $393,990; 4 Bed $; 5+ Bed $

COMPARED TO LAST YEAR:   2 Bed $; 3 Bed $; 4 Bed $; 5+ Bed $

OVERALL APPRECIATION OR DEPRECIATION:   % Appreciation

Average Sales Price 98116

Average Sales Price 98116

DATE:   August 2014 - 98116

TOTAL ACTIVE RESIDENTIAL LISTINGS:   64

COMPARED TO LAST YEAR AT THIS TIME:   93

AVERAGE LIST PRICE:   2 Bed $430,231; 3 Bed $572,041; 4 Bed $739,231; 5+ Bed $699,000

AVERAGE MARKET TIME:   27 Days

COMPARED TO LAST YEAR AT THIS TIME:   21 Days

LIST PRICE VERSES SALES PRICE RATIO:   100.2%

COMPARED TO LAST YEAR:   99.3%

NUMBER OF SALES YTD:   301

AVERAGE SALES PRICE:   2 Bed $483,233; 3 Bed $555,331; 4 Bed $728,650; 5+ Bed $717,500

COMPARED TO LAST YEAR:   2 Bed $418,886; 3 Bed $546,565; 4 Bed $592,583; 5+ Bed $0

OVERALL APPRECIATION OR DEPRECIATION:   11.58% Appreciation

Average Sales Price 98106

Average Sales Price 98106

DATE:   August 2014 - 98106

TOTAL ACTIVE RESIDENTIAL LISTINGS:   62

COMPARED TO LAST YEAR AT THIS TIME:   75  

AVERAGE LIST PRICE:   2 Bed $246,057; 3 Bed $315,155; 4 Bed $404,786; 5+ Bed $418,317

AVERAGE MARKET TIME:   28 Days

COMPARED TO LAST YEAR AT THIS TIME:   25 Days

LIST PRICE VERSES SALES PRICE RATIO:   100.5%

COMPARED TO LAST YEAR:   100%

NUMBER OF SALES YTD:   254

AVERAGE SALES PRICE:   2 Bed $246,492; 3 Bed $288,832; 4 Bed $425,867; 5+ Bed $423,267

COMPARED TO LAST YEAR:   2 Bed $201,136; 3 Bed $284,383 4 Bed $321,238; 5+ Bed $387,500

OVERALL APPRECIATION OR DEPRECIATION:   9.72% Appreciation

Average Sales Price 98168

Average Sales Price 98168

DATE:   August 2014 - 98168

TOTAL ACTIVE RESIDENTIAL LISTINGS:   62

COMPARED TO LAST YEAR AT THIS TIME:   78

AVERAGE LIST PRICE:   2 Bed $186,800; 3 Bed $286,028; 4 Bed $306,481; 5+ Bed $333,960

AVERAGE MARKET TIME:   32 Days

COMPARED TO LAST YEAR AT THIS TIME:   66 Days

LIST PRICE VERSES SALES PRICE RATIO:   98.85%

COMPARED TO LAST YEAR:   102.7%

NUMBER OF SALES YTD:   237

AVERAGE SALES PRICE:   2 Bed $175,781; 3 Bed $240,950; 4 Bed $261,600; 5+ Bed $0

COMPARED TO LAST YEAR:   2 Bed $104,492; 3 Bed $217,757; 4 Bed $264,563; 5+ Bed $234,000

OVERALL APPRECIATION OR DEPRECIATION:   2.07% Appreciation