{"id":25603,"date":"2013-02-13T13:00:24","date_gmt":"2013-02-13T21:00:24","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=25603"},"modified":"2013-02-13T13:20:33","modified_gmt":"2013-02-13T21:20:33","slug":"low-end-sales-spike-high-end-slips","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/02\/13\/low-end-sales-spike-high-end-slips\/","title":{"rendered":"Low End Sales Spike, High End Slips"},"content":{"rendered":"<p>Let&#8217;s take an updated look at how King County&#8217;s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price.<\/p>\n<p>In order to explore this concept, we break King County down into three regions, based on <a href=\"http:\/\/seattlebubble.com\/blog\/nwmls-kc-breakouts\/\" title=\"NWMLS Area Map\">the NWMLS-defined &#8220;areas&#8221;<\/a>:<\/p>\n<ul>\n<li><strong>low end:<\/strong> South County <em>(areas 100-130 &amp; 300-360)<\/em><\/li>\n<li><strong>mid range:<\/strong> Seattle \/ North County <em>(areas 140, 380-390, &amp; 700-800)<\/em><\/li>\n<li><strong>high end:<\/strong> Eastside <em>(areas 500-600)<\/em><\/li>\n<\/ul>\n<p>Here&#8217;s where each region&#8217;s median prices came in as of December data:<\/p>\n<ul>\n<li><strong>low end:<\/strong> $194,950\u2014$335,500<\/li>\n<li><strong>mid range:<\/strong> $272,000\u2014$656,500<\/li>\n<li><strong>high end:<\/strong> $384,498\u2014$1,095,000<\/li>\n<\/ul>\n<p>First up, let&#8217;s have a look at each region&#8217;s (approximate) median price (actually the median of the medians for each area within the region).<\/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\/2013\/02\/NWMLS-King-Region-Breakdown-Median-LT_2013-01.png\" title=\"Median Price of Single Family Homes Sold\" rel=\"lightbox[25603]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/NWMLS-King-Region-Breakdown-Median-LT_2013-01-600x436.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>In a flip from December, the middle tier regions inched up slightly in January, while the low and high regions both fell.<\/p>\n<p>Next up, the percentage of each month&#8217;s closed sales that took place in each of the three regions.  The dotted line is a four-month rolling average.<\/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\/2013\/02\/NWMLS-King-Region-Breakdown_2013-01.png\" title=\"% of Total King Co. SFH Sales by NWMLS Area\" rel=\"lightbox[25603]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/NWMLS-King-Region-Breakdown_2013-01-600x436.png\" style=\"border: 0\" title=\"% of Total King Co. SFH Sales by NWMLS Area - Click to enlarge\" alt=\"% of Total King Co. SFH Sales by NWMLS Area\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>The high tier fell while the low tier surged in January, which fits nicely with the big drop in the overall median price.  As of January 2013, 36.0% of sales were in the low end regions, 31.3% in the mid range, and 32.6% in the high end.  A year ago the numbers were almost identical: the low end made up 36.4% of the sales, the mid range was 31.1%, and the high end was 32.5%.<\/p>\n<p>Here&#8217;s that information in a visual format:<\/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\/2013\/02\/NWMLS-King-Region-Breakdown-bars_2013-01.png\" title=\"Bank-Owned: Share of Total Sales - King County Single-Family\" rel=\"lightbox[25603]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/NWMLS-King-Region-Breakdown-bars_2013-01-600x436.png\" style=\"border: 0\" title=\"Bank-Owned: Share of Total Sales - King County Single-Family - Click to enlarge\" alt=\"Bank-Owned: Share of Total Sales - King County Single-Family\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Finally, here&#8217;s an updated look at the percentage of sales data all the way back through 2000:<\/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\/2013\/02\/NWMLS-King-Region-Breakdown-LT_2013-01.png\" title=\"% of Total King Co. SFH Sales by NWMLS Area since 2000\" rel=\"lightbox[25603]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/NWMLS-King-Region-Breakdown-LT_2013-01-600x436.png\" style=\"border: 0\" title=\"% of Total King Co. SFH Sales by NWMLS Area since 2000 - Click to enlarge\" alt=\"% of Total King Co. SFH Sales by NWMLS Area since 2000\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Last month&#8217;s shift put us back to a more normal market where the low end regions make up more of the sales.  It will be interesting to see if this persists as we get further into the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s take an updated look at how King County&#8217;s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price. In order to explore this concept, we break King County down into three regions, based on the NWMLS-defined &#8220;areas&#8221;: low end: South County (areas 100-130 &amp;&#8230;<\/p>\n","protected":false},"author":2,"featured_media":25607,"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":"On the blog: Low End Sales Spike, High End Slips http:\/\/wp.me\/pe2Bv-6EX","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,217],"tags":[841,149,6,697,200],"coauthors":[],"class_list":["post-25603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-neighborhoods","tag-king-geographic-sales","tag-median","tag-nwmls","tag-reo","tag-statistics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Low End Sales Spike, High End Slips \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\/2013\/02\/13\/low-end-sales-spike-high-end-slips\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Low End Sales Spike, High End Slips \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s take an updated look at how King County&#8217;s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price. 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