{"id":6866,"date":"2009-08-18T06:44:20","date_gmt":"2009-08-18T13:44:20","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=6866"},"modified":"2014-09-09T07:32:52","modified_gmt":"2014-09-09T14:32:52","slug":"geographic-sales-shifts-seattle-still-pulling-more-sales","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/08\/18\/geographic-sales-shifts-seattle-still-pulling-more-sales\/","title":{"rendered":"Geographic Sales Shifts: Seattle Still Pulling More Sales"},"content":{"rendered":"<p>Let&#8217;s check in on an update of how the sales volume is breaking down among the different price tier regions around the county.  For a more in-depth explanation of the process and reasoning behind this data, hit <a href=\"http:\/\/seattlebubble.com\/blog\/2009\/07\/08\/median-price-still-being-distorted-by-geographic-shifts-in-sales\/\" title=\"Median Price Still Being Distorted by Geographic Shifts in Sales\">this post<\/a>.<\/p>\n<p>As of July, this is where the median prices were for our regions:<\/p>\n<ul>\n<li><strong>low end (South Co.):<\/strong> $227,500&mdash;$324,712<\/li>\n<li><strong>mid range (Seattle \/ North Co.):<\/strong> $282,750&mdash;$566,000<\/li>\n<li><strong>high end (Eastside):<\/strong> $392,500&mdash;$1,060,500<\/li>\n<\/ul>\n<p>The following chart shows 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\/2009\/08\/NWMLS-King-Region-Breakdown_2009-07.png\" title=\"% of Total King Co. SFH Sales by NWMLS Area\" rel=\"lightbox[6866]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/08\/NWMLS-King-Region-Breakdown_2009-07-600x435.png\" style=\"border: 0; margin: 5px\" 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>Here&#8217;s how much of the total sales each of our three regions accounted for in July:<\/p>\n<ul>\n<li><strong>low end (South Co.):<\/strong> 31.3% of sales<\/li>\n<li><strong>mid range (Seattle \/ North Co.):<\/strong> 38.6% of sales<\/li>\n<li><strong>high end (Eastside):<\/strong> 30.2% of sales<\/li>\n<\/ul>\n<p>The mid-priced region (Seattle) continued to take up a larger-than-usual portion of the sales in July, with the low and high-priced regions see-sawing again, but to a lesser degree than the dramatic spike seen from May to June.<\/p>\n<p>Here&#8217;s a close-up of this year&#8217;s movement in bar-chart 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\/2009\/08\/NWMLS-King-Region-Breakdown-bars_2009-07.png\" title=\"% of Total King Co. SFH Sales by NWMLS Area\" rel=\"lightbox[6866]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/08\/NWMLS-King-Region-Breakdown-bars_2009-07-600x435.png\" style=\"border: 0; margin: 5px\" 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>I suspect that as we continue to see prices fall, there will be a continuing pattern of more sales in the close-in Seattle neighborhoods.  When homes became too ridiculously expensive during the bubble, many people employed the &#8220;drive &#8217;til you qualify&#8221; tactic when purchasing.  Now that prices are coming back down to earth, it would appear that the strategy has shifted to &#8220;wait until the neighborhood you want to buy in falls into your price range.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s check in on an update of how the sales volume is breaking down among the different price tier regions around the county. For a more in-depth explanation of the process and reasoning behind this data, hit this post. As of July, this is where the median prices were for our regions: low end (South&#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":[8,217],"tags":[841,149,6,200],"coauthors":[],"class_list":["post-6866","post","type-post","status-publish","format-standard","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>Geographic Sales Shifts: Seattle Still Pulling More Sales \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\/2009\/08\/18\/geographic-sales-shifts-seattle-still-pulling-more-sales\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Geographic Sales Shifts: Seattle Still Pulling More Sales \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s check in on an update of how the sales volume is breaking down among the different price tier regions around the county. 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