{"id":25889,"date":"2013-03-11T08:30:55","date_gmt":"2013-03-11T15:30:55","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=25889"},"modified":"2013-03-11T08:40:28","modified_gmt":"2013-03-11T15:40:28","slug":"expensive-eastside-home-sales-spiked-in-february","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/03\/11\/expensive-eastside-home-sales-spiked-in-february\/","title":{"rendered":"Expensive Eastside Home Sales Spiked in February"},"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 February data:<\/p>\n<ul>\n<li><strong>low end:<\/strong> $177,000\u2014$307,475<\/li>\n<li><strong>mid range:<\/strong> $265,000\u2014$674,225<\/li>\n<li><strong>high end:<\/strong> $418,961\u2014$1,099,950<\/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\/03\/NWMLS-King-Region-Breakdown-Median-LT_2013-02.png\" title=\"Median Price of Single Family Homes Sold\" rel=\"lightbox[25889]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/03\/NWMLS-King-Region-Breakdown-Median-LT_2013-02-600x436.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>The low and high regions both had their median bump up a bit, while median in the mid-tier regions fell slightly.<\/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\/03\/NWMLS-King-Region-Breakdown_2013-02.png\" title=\"% of Total King Co. SFH Sales by NWMLS Area\" rel=\"lightbox[25889]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/03\/NWMLS-King-Region-Breakdown_2013-02-600x436.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 February 2013, 34.5% of sales were in the low end regions, 30.9% in the mid range, and 34.6% in the high end.  A year ago the low end regions had a fair bit more sales and the high end less: the low end made up 39.7% of the sales, the mid range was 29.8%, and the high end was 30.6%.<\/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\/03\/NWMLS-King-Region-Breakdown-bars_2013-02.png\" title=\"Bank-Owned: Share of Total Sales - King County Single-Family\" rel=\"lightbox[25889]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/03\/NWMLS-King-Region-Breakdown-bars_2013-02-600x436.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\/03\/NWMLS-King-Region-Breakdown-LT_2013-02.png\" title=\"% of Total King Co. SFH Sales by NWMLS Area since 2000\" rel=\"lightbox[25889]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/03\/NWMLS-King-Region-Breakdown-LT_2013-02-600x436.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>The big shift away from the low end regions and toward the high end regions explains a good amount of the <a href=\"http:\/\/seattlebubble.com\/blog\/2013\/03\/05\/nwmls-listings-down-yet-again-prices-bump-up\/\" title=\"NWMLS: Listings Down Yet Again, Prices Bump Up\">18.5% increase in the county-wide median price<\/a>.  No big surprise that the median would go way up when sales in cheap parts of the county fall off and sales in expensive regions shoot up.<\/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":25896,"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:  Expensive Eastside Home Sales Spiked in February http:\/\/wp.me\/pe2Bv-6Jz","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-25889","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>Expensive Eastside Home Sales Spiked in February \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\/03\/11\/expensive-eastside-home-sales-spiked-in-february\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Expensive Eastside Home Sales Spiked in February \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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