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January Seasonally-Adjusted Active Supply by Neighborhood

Posted on February 19, 2010February 18, 2010 by The Tim

Let’s check in on our January monthly neighborhood update to the neighborhood breakdown of Seasonally-Adjusted Active Supply (SAAS). For an explanation of what seasonally-adjusted active supply is, please refer to this post. Also, you may view a map of the areas discussed in this post.

As usual, courtesy Tableau Software (available free to use online), the neighborhoods SAAS update is rocking sweet interactive data visualizations. Click a region or a neighborhood to filter the charts below or get details on a specific point.

In the charts below I have taken the calculated value for SAAS and subtracted 2, in order to better visualize the difference between a buyer’s market and a seller’s market. Using this method, negative SAAS values indicate a seller’s market, while positive values indicate a buyer’s market.

Summary

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King County’s overall SAAS moved further above the “balanced” level, moving up to 2.35 in January (December was 2.10). Only 3 of 30 areas came in below 1.75 as seller’s markets, 23 of 30 came in above 2.25 as a buyer’s market, and the remaining 4 were more or less balanced between 1.75 and 2.25.

Hit the jump for the rest of this month’s interactive charts and commentary.

Here’s a year-over-year comparison for each NWMLS neighborhood.

Year-Over-Year Comparison

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Only four areas came in as stronger buyers’ markets than January 2009: Downtown Seattle condos (701), Renton / Benson Hill (340), Jovita / West Hill Auburn (100), and Burien / Normandy Park (130).

Regional History

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Most neighborhoods continued to rise from December to January, after bottoming out (likely thanks to the tax credit) in November.

The three toughest markets for sellers were Renton / Benson Hill (340) at 5.1, Kirkland / Bridle Trails (560) at 4.3, and Mercer Island (510) at 3.6.

The three best markets for sellers as of last month were Queen Anne / Magnolia (700) at 1.2, North Seattle (710) at 1.5, and Eastside south of I-90 (500) at 1.7.

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Comparing January Sales Rates Across Western WA
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Case-Shiller: Seattle Prices Headed South for Winter

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