{"id":28821,"date":"2014-05-19T07:00:49","date_gmt":"2014-05-19T14:00:49","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=28821"},"modified":"2014-05-18T23:17:27","modified_gmt":"2014-05-19T06:17:27","slug":"more-sales-still-happening-in-seattle","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/05\/19\/more-sales-still-happening-in-seattle\/","title":{"rendered":"More Sales Still Happening in Seattle"},"content":{"rendered":"<p>It&#8217;s time once again to 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 April data:<\/p>\n<ul>\n<li><strong>low end:<\/strong> $237,268-$412,500<\/li>\n<li><strong>mid range:<\/strong> $327,000-$737,550<\/li>\n<li><strong>high end:<\/strong> $477,500-$1,575,000<\/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\/2014\/05\/NWMLS-King-Region-Breakdown-Median-LT_2014-04.png\" title=\"Median Price of Single Family Homes Sold\" rel=\"lightbox[28821]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/05\/NWMLS-King-Region-Breakdown-Median-LT_2014-04-600x435.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=\"435\" \/><\/a><\/p>\n<p>The median price in all three tiers rose between March and April.  The low tier rose 1.3 percent in the month, the middle tier increased 5.5 percent, and the high tier gained 4.8 percent.  Meanwhile, the median price in all three tiers is still up year-over-year.  Here&#8217;s how the median prices changed year-over-year.  Low tier: +8.0%, middle tier: +1.5%, high tier: +6.8%.<\/p>\n<p>Next up, the percentage of each month&#8217;s closed sales that took place in each of the three regions.<\/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\/2014\/05\/NWMLS-King-Region-Breakdown_2014-04.png\" title=\"% of Total King Co. SFH Sales by NWMLS Area\" rel=\"lightbox[28821]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/05\/NWMLS-King-Region-Breakdown_2014-04-600x435.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=\"435\" \/><\/a><\/p>\n<p>The share of sales in Seattle fell off dramatically in April, with South King and the Eastside both gaining ground.  Year-over-year sales were down 3.0 percent in the low tier, up 5.6 percent in the middle tier, and down 2.4 percent in the high tier.<\/p>\n<p>As of April 2014, 33.7 percent of sales were in the low end regions, 34.5 percent in the mid range, and 31.8 percent in the high end.  A year ago the mid range had less of the share and the high range more: In April 2013 the low end made up 34.7 percent of the sales, the mid range was 32.7 percent, and the high end was 32.6 percent.<\/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\/2014\/05\/NWMLS-King-Region-Breakdown-bars_2014-04.png\" title=\"Bank-Owned: Share of Total Sales - King County Single-Family\" rel=\"lightbox[28821]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/05\/NWMLS-King-Region-Breakdown-bars_2014-04-600x436.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\/2014\/05\/NWMLS-King-Region-Breakdown-LT_2014-04.png\" title=\"% of Total King Co. SFH Sales by NWMLS Area since 2000\" rel=\"lightbox[28821]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/05\/NWMLS-King-Region-Breakdown-LT_2014-04-600x435.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=\"435\" \/><\/a><\/p>\n<p>In the pre-bubble market between 2001 and 2004, the volume of sales in the low tier typically had the largest share (35.8 percent on average across the period), followed by the middle tier (32.6 percent), followed by the high tier (31.6 percent). Even with the decline last month, the middle tier still has the lead with the most sales, which is historically abnormal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s time once again to 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&#8230;<\/p>\n","protected":false},"author":2,"featured_media":28823,"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":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-28821","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>More Sales Still Happening in Seattle \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\/2014\/05\/19\/more-sales-still-happening-in-seattle\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"More Sales Still Happening in Seattle \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"It&#8217;s time once again to 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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