Well it’s late, but as promised yesterday, it’s time to check up on median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales.
As of February, the non-distressed median price for King County single family home sales sits at $427,850, up 10.9% from a year earlier and up 7.0% from January. That’s quite the spike in just one month, even after we back out the bank-owned homes and short sales.
The bank-owned median sale price was at $195,000 in February, up 2.7% from a year earlier. The short sale median price came in at $267,500 in February, down 2.9% from 2012.
Here’s a look at the price per square foot broken down by distress status:
The median price per square foot of non-distressed homes was up quite a bit from 2012 as well, but not by quite as much—a 7.4% gain. The bank-owned median price per square foot was up 7.8%, while the short sale median price per square foot was up 2.3%.