Cheapest parts of King County still make up the largest share of sales, even as prices there grow the most

It’s been a few months since we took a look at the in-county breakdown data from the NWMLS to see how the sales mix shifted around the county. I like to keep an eye on this not only to see how individual neighborhoods are doing but also to see how the sales mix shift affects the overall county-wide median price.

As of March, prices are up from a year ago in the low-end regions, flat in the mid-range regions, and down in the high-end regions. Meanwhile, the share of sales is tilting toward the low-end regions…

Expensive parts of King County are seeing bigger dips in sales and prices

It’s been six months since we took a look at the in-county breakdown data from the NWMLS to see how the sales mix shifted around the county. I like to keep an eye on this not only to see how individual neighborhoods are doing but also to see how the sales mix shift affects the overall county-wide median price.

The number of sales in all three tiers has been decreasing month-over-month for the past two months. Month-over-month sales were down five percent in the low tier, down ten percent in the middle tier, and down eight percent in the high tier…

Share of sales in cheap parts of King County hit all-time high as prices keep climbing

It’s been nearly a year since we took a look at the in-county breakdown data from the NWMLS to see how the sales mix shifted around the county. I like to keep an eye on this not only to see how individual neighborhoods are doing but also to see how the sales mix shift affects the overall county-wide median price.

The most interesting thing in this data is that in February the share of sales in the South King regions hit an all-time high at 41.6 percent, just edging out the previous high of 41.4 percent set in November 2007 (just four months after prices peaked). Despite this continued shift in sales toward the lower-priced regions, the county-wide median price continues to push upward.

Sales Fall Off In Cheap King County Neighborhoods

It’s been a few months since we took a look at the in-county breakdown data from the NWMLS to see how the sales mix shifted around the county. I like to keep an eye on this not only to see how individual neighborhoods are doing but also to see how the sales mix shift affects the overall county-wide median price.

In order to explore this concept, we break King County down into three regions, based on the NWMLS-defined “areas”:

  • low end: South County (areas 100-130 & 300-360)
  • mid range: Seattle / North County (areas 140, 380-390, & 700-800)
  • high end: Eastside (areas 500-600)

Here’s where each region’s median prices came in as of April data:

  • low end: $330,000-$520,000
  • mid range: $559,950-$964,250
  • high end: $699,475-$2,203,000

First up, let’s have a look at each region’s (approximate) median price (actually the median of the medians for each area within the region)…

More Homes Sold In Cheaper South King Neighborhoods

Get unlimited access to the full spreadsheets used to make the charts in this and other posts, and support the ongoing work of this site by becoming a member of Seattle Bubble. It’s been quite a while since we took a look at the in-county breakdown data from the NWMLS to see how the sales […]

Most Neighborhoods See End of Summer Sales Slowdown

Get access to the full spreadsheets used to make the charts in this and other posts by becoming a member of Seattle Bubble. It’s time for us to take a look at this month’s numbers to see how the sales mix shifted around the county in August. In order to explore this concept, we break […]

Eastside Median Price Surges to New High as Sales Shift to Cheap South King County Neighborhoods

I’ve pointed out for years that geographic shifts can and do affect the median price, so it was nice to see none other than Lennox Scott (CEO of John L. Scott) joining the chorus in a recent Seattle Time’s piece. Lennox Scott, CEO of John L. Scott Real Estate, said the lower price in July […]