The September market reports from our friends at Rainier Title are in and show a really interesting picture. Overall sales of single family homes are up an average of 2% from 2009. But sales are down 43%. The big winners still remain Capitol Hill, Montlake, Queen Anne, West Seattle, Mt. Baker and North Beacon Hill. For condos the 98102 (Capitol Hill) show a 29% increase in prices but a huge 58% drop in home sales.
The Team Diva Real Estate perspective is that Seattle overall has maintained its value but we are also impacted by the lethargic buyers. The Divas predict that we will see an increase in sales this late fall as many folks take their homes off the market reducing inventory levels. Less inventory is good for a slower market allowing folks who really need to sell their homes to pick up the remaining buyers.
All things are local – Check out your hood below: