For Owners and Enthusiastic Future Owners of Mid-Century Homes in West Seattle and areas beyond, here are your market trends! If you don't see your area listed on this page just send me a note and let me know you would like to see it here and I will add it!
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.
Mid-Century Market Trends for West Seattle (Multiple Listing Service Area 140)
DATE: January 1, 2013 - December 31, 2013
TOTAL RESIDENTIAL LISTINGS: 488
COMPARED TO LAST YEAR: 414
AVERAGE LIST PRICE: 2 Bed $293,563; 3 Bed $396,164; 4 Bed $384,094; 5+ Bed $455,721
AVERAGE MARKET TIME: 36 Days
COMPARED TO LAST YEAR: 25 Days
LIST PRICE VERSES SALES PRICE RATIO: 100.39%
COMPARED TO LAST YEAR: 98.88%
NUMBER OF SALES YTD: 344
AVERAGE SALES PRICE: 2 Bed $308,198; 3 Bed $421,868; 4 Bed $438,767 5+ Bed $505,935
COMPARED TO LAST YEAR: 2 Bed $258,041; 3 Bed $349,020; 4 Bed $464,822; 5+ Bed $461,847
OVERALL APPRECIATION OR DEPRECIATION: 12.62% Appreciation
Mid-Century Sales for West Seattle Area 140. Single Family Homes Listed Between January 1, 2013-December 31, 2013 and January 1, 2012-December 31, 2012. Data pulled from MLS as of 1/13/2014
This data was gathered from the WA-NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Mid-Century Market Trends for West Seattle (Highland Park Neighborhood)
DATE: January 1, 2013 - December 31, 2013
TOTAL RESIDENTIAL LISTINGS: 49
COMPARED TO LAST YEAR: 28
AVERAGE LIST PRICE: 2 Bed $240,430; 3 Bed $259,081; 4 Bed $267,908; 5+ Bed $278,970
AVERAGE MARKET TIME: 30 Days
COMPARED TO LAST YEAR: 30 Days
LIST PRICE VERSES SALES PRICE RATIO: 99.51%
COMPARED TO LAST YEAR: 95.44%
NUMBER OF SALES YTD: 34
AVERAGE SALES PRICE: 2 Bed $232,389; 3 Bed $249,178; 4 Bed $294,667 5+ Bed $338,367
COMPARED TO LAST YEAR: 2 Bed $206,553; 3 Bed $220,857; 4 Bed $290,000; 5+ Bed $22,000
OVERALL APPRECIATION OR DEPRECIATION: 17.1% Appreciation
Mid-Century Sales for West Seattle Area 140 - Community Highland Park. Single Family Homes Listed Between January 1, 2013-December 31, 2013 and January 1, 2012-December 31, 2012. Data pulled from MLS as of 1/13/2014
This data was gathered from the WA-NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Mid-Century Market Trends for West Seattle (Gatewood)
DATE: January 1, 2013 - December 31, 2013
TOTAL RESIDENTIAL LISTINGS: 38
COMPARED TO LAST YEAR: 29
AVERAGE LIST PRICE: 2 Bed $301,522 3 Bed $430,616 4 Bed $472,621; 5+ Bed $409,141
AVERAGE MARKET TIME: 27 Days
COMPARED TO LAST YEAR: 26 Days
LIST PRICE VERSES SALES PRICE RATIO: 100.21%
COMPARED TO LAST YEAR: 98.96%
NUMBER OF SALES YTD: 29
AVERAGE SALES PRICE: 2 Bed $334,050 3 Bed $443,617; 4 Bed $474,886 5+ Bed $675,000
COMPARED TO LAST YEAR: 2 Bed $325,750; 3 Bed $367,475; 4 Bed $427,090; 5+ Bed $307,750
OVERALL APPRECIATION OR DEPRECIATION: 15.51% Appreciation
Mid-Century Sales for West Seattle Area 140 - Community Gatewood. Single Family Homes Listed Between January 1, 2013-December 31, 2013 and January 1, 2012-December 31, 2012. Data pulled from MLS as of 1/13/2014
This data was gathered from the WA-NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Mid-Century Market Trends for West Seattle (Genesee)
DATE: January 1, 2013 - December 31, 2013
TOTAL RESIDENTIAL LISTINGS: 37
COMPARED TO LAST YEAR: 31
AVERAGE LIST PRICE: 2 Bed $366,917; 3 Bed $691,106; 4 Bed $473,182; 5+ Bed $544,975
AVERAGE MARKET TIME: 29 Days
COMPARED TO LAST YEAR: 23 Days
LIST PRICE VERSES SALES PRICE RATIO: 100.62%
COMPARED TO LAST YEAR: 99.97%
NUMBER OF SALES YTD: 30
AVERAGE SALES PRICE: 2 Bed $384,738; 3 Bed $505,288; 4 Bed $462,944; 5+ Bed $560,000
COMPARED TO LAST YEAR: 2 Bed $336,900; 3 Bed $442,457; 4 Bed $555,900; 5+ Bed $551,000
OVERALL APPRECIATION OR DEPRECIATION: 8.66% Appreciation
Mid-Century Sales for West Seattle Area 140 - Community Genesee. Single Family Homes Listed Between January 1, 2013-December 31, 2013 and January 1, 2012-December 31, 2012. Data pulled from MLS as of 1/13/2014
This data was gathered from the WA-NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.