{"id":18950,"date":"2012-02-14T09:00:41","date_gmt":"2012-02-14T17:00:41","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=18950"},"modified":"2014-09-09T07:39:27","modified_gmt":"2014-09-09T14:39:27","slug":"king-countys-low-end-regions-over-40-off-peak-price","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/02\/14\/king-countys-low-end-regions-over-40-off-peak-price\/","title":{"rendered":"King County&#8217;s Low-End Regions Over 40% Off Peak Price"},"content":{"rendered":"<p>There were a couple of requests for more details on <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/02\/13\/cheap-sales-in-south-king-county-picking-up-steam\/\" title=\"Cheap Sales in South King County Picking Up Steam\">yesterday&#8217;s post<\/a> of the low, middle, and high-end regions in King County.<\/p>\n<p>First up, <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/02\/13\/cheap-sales-in-south-king-county-picking-up-steam\/#comment-156959\" title=\"Comment by Deejayoh\">Deejayoh&#8217;s request<\/a>:<\/p>\n<blockquote><p>&#8230;it would be interesting to see the trend on the absolute numbers rather than the relative percentages.<\/p><\/blockquote>\n<p>No problem, here you go:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/02\/NWMLS-King-Region-Breakdown-s-LT_2012-01.png\" title=\"Total # of King Co. SFH Sales by NWMLS Area\" rel=\"lightbox[18950]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/02\/NWMLS-King-Region-Breakdown-s-LT_2012-01-600x436.png\" style=\"border: 0;\" title=\"Total # of King Co. SFH Sales by NWMLS Area - Click to enlarge\" alt=\"Total # of King Co. SFH Sales by NWMLS Area\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Since each region is fairly close to a third of the sales most of the time, it&#8217;s difficult to make out much detail on this chart, but you can still see the surge in South King during the bubble, followed by the relative strength of Seattle during the bust.<\/p>\n<p>Next, <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/02\/13\/cheap-sales-in-south-king-county-picking-up-steam\/#comment-156976\" title=\"Comment by Lily\">Lily&#8217;s request<\/a>:<\/p>\n<blockquote><p>Can you do a graph of median prices for the 3 regions?<\/p><\/blockquote>\n<p>That one&#8217;s a little tricky, since the calculating the median for each of the three regions would require access to the original source data of every sale.  However, we can get a decent approximation by taking the median of the medians for each area.  That&#8217;s what I&#8217;ve charted below:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/02\/NWMLS-King-Region-Breakdown-Median-LT_2012-01.png\" title=\"Median Price of Single Family Homes Sold\" rel=\"lightbox[18950]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/02\/NWMLS-King-Region-Breakdown-Median-LT_2012-01-600x436.png\" style=\"border: 0;\" title=\"Median Price of Single Family Homes Sold - Click to enlarge\" alt=\"Median Price of Single Family Homes Sold\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Here are some stats on the prices for each of the three regions:<\/p>\n<table class=\"sortable\" style=\"margin:0 0 15px;\">\n<tr>\n<th>region<\/th>\n<th>peak month<\/th>\n<th>peak price<\/th>\n<th>low month<\/th>\n<th>low price<\/th>\n<th>latest price<\/th>\n<th>% drop<\/th>\n<\/tr>\n<tr>\n<td><strong>low end<\/strong><\/td>\n<td>2007-07<\/td>\n<td>$373,500<\/td>\n<td>2011-09<\/td>\n<td>$200,000<\/td>\n<td>$215,000<\/td>\n<td>-42.4%<\/td>\n<\/tr>\n<tr>\n<td><strong>mid range<\/strong><\/td>\n<td>2007-10<\/td>\n<td>$487,250<\/td>\n<td>2011-10<\/td>\n<td>$300,975<\/td>\n<td>$328,600<\/td>\n<td>-32.6%<\/td>\n<\/tr>\n<tr>\n<td><strong>high end<\/strong><\/td>\n<td>2007-04<\/td>\n<td>$687,225<\/td>\n<td>2011-02<\/td>\n<td>$476,750<\/td>\n<td>$494,425<\/td>\n<td>-28.1%<\/td>\n<\/tr>\n<tr>\n<td><strong>King Co.<\/strong><\/td>\n<td>2007-07<\/td>\n<td>$481,000<\/td>\n<td>2012-01<\/td>\n<td>$315,000<\/td>\n<td>$315,000<\/td>\n<td>-34.5%<\/td>\n<\/tr>\n<\/table>\n<p>It is interesting to note that individually, the low and mid-range regions have been going up since October (the high end is down &lt;2%), and yet that&#8217;s when the county-wide median began a renewed steady decline.  This is of course explained by the increasing share of sales that are taking place in the cheaper parts of the county, pushing the county-wide median down to a new low in January despite the fact that only three of the thirty areas individually saw a new low in January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There were a couple of requests for more details on yesterday&#8217;s post of the low, middle, and high-end regions in King County. First up, Deejayoh&#8217;s request: &#8230;it would be interesting to see the trend on the absolute numbers rather than the relative percentages. No problem, here you go: Since each region is fairly close to&#8230;<\/p>\n","protected":false},"author":2,"featured_media":18963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,217],"tags":[841,149,6,200],"coauthors":[],"class_list":["post-18950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-neighborhoods","tag-king-geographic-sales","tag-median","tag-nwmls","tag-statistics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>King County&#039;s Low-End Regions Over 40% Off Peak Price \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2012\/02\/14\/king-countys-low-end-regions-over-40-off-peak-price\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"King County&#039;s Low-End Regions Over 40% Off Peak Price \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"There were a couple of requests for more details on yesterday&#8217;s post of the low, middle, and high-end regions in King County. 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