{"id":20774,"date":"2012-07-09T11:00:39","date_gmt":"2012-07-09T18:00:39","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=20774"},"modified":"2012-07-09T11:08:00","modified_gmt":"2012-07-09T18:08:00","slug":"non-distressed-median-price-up-2-4-from-2011","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/07\/09\/non-distressed-median-price-up-2-4-from-2011\/","title":{"rendered":"Non-Distressed Median Price Up 2.4% From 2011"},"content":{"rendered":"<p>In the comments on <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/07\/05\/nwmls-never-mind-the-mix-home-prices-are-soaring\/\" title=\"NWMLS: Never Mind the Mix, Home Prices are Soaring!\">last week&#8217;s NWMLS stats post<\/a> some readers asked what the median price would look like if you removed the distressed sales from the mix.  Here&#8217;s the answer:<\/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\/07\/KingCoSFH-Non-Distressed-Median_2012-06.png\" title=\"\" rel=\"lightbox[20774]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/07\/KingCoSFH-Non-Distressed-Median_2012-06-600x435.png\" style=\"border: 0;\" title=\" - Click to enlarge\" alt=\"\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>As of June, the non-distressed median price for King County single family home sales sits at $430,000, up 2.4% from a year earlier.  The low point for the non-distressed median was $384,500 last December.  We don&#8217;t have consistent, complete data separating bank owned homes and short sales from other sales before 2010, but the high point since January 2010 so far is $432,500 in July 2010, so non-distressed prices have been basically flat (bouncing up and down with the seasons) for the last two years.<\/p>\n<p>Meanwhile, the median price for bank owned homes and short sales have both been on a fairly steady downward trend over the last two years, falling 14% and 31% from January 2010 to June 2012, respectively.<\/p>\n<p>Of course, even when you factor out the bank owned and distressed sales from the mix, keep in mind that the median price is also affected by the <a href=\"http:\/\/seattlebubble.com\/blog\/tag\/king-geographic-sales\/\" title=\"geographic mix posts\">geographic mix of sales<\/a>, which is not addressed in the chart above.  However, this does a good job of visualizing exactly what I said <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/07\/05\/nwmls-never-mind-the-mix-home-prices-are-soaring\/\" title=\"NWMLS: Never Mind the Mix, Home Prices are Soaring!\">last Thursday<\/a>:<\/p>\n<blockquote><p>Home prices are indeed going up, but when you account for <span style=\"font-style:italic;\">[the decreasing share of sales of bank owned homes]<\/span> the increase is much less severe.<\/p><\/blockquote>\n<p>I&#8217;d say +2.4% is a lot less severe of an increase than 10.0%, wouldn&#8217;t you?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the comments on last week&#8217;s NWMLS stats post some readers asked what the median price would look like if you removed the distressed sales from the mix. Here&#8217;s the answer: As of June, the non-distressed median price for King County single family home sales sits at $430,000, up 2.4% from a year earlier. The&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"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":[8,616],"tags":[300,149,892],"coauthors":[],"class_list":["post-20774","post","type-post","status-publish","format-standard","hentry","category-stats","category-counties","tag-distressed-sales","tag-median","tag-non-distressed"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Non-Distressed Median Price Up 2.4% From 2011 \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\/07\/09\/non-distressed-median-price-up-2-4-from-2011\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Non-Distressed Median Price Up 2.4% From 2011 \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"In the comments on last week&#8217;s NWMLS stats post some readers asked what the median price would look like if you removed the distressed sales from the mix. 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