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 April, the non-distressed median price for King County single family home sales sits at $444,000, up 6.5% from a year earlier and up 3.3% from March. Last year the month-over-month increase was about the same, up 3.0% March to April.
The bank-owned median sale price was at $200,100 in April, up 9.9% from a year earlier. The short sale median price came in at $255,100 in April, up 6.3% 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 just 4.2% from 2012. The bank-owned median price per square foot shot up a whopping 20.7%, while the short sale median price per square foot was up 7.4%.
It seems that most of the big price gains right now are in bank-owned homes, while the overall median is increasing more dramatically thanks to the overall shift away from the cheaper distressed properties.