{"id":7247,"date":"2009-09-14T08:16:22","date_gmt":"2009-09-14T15:16:22","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=7247"},"modified":"2014-09-09T07:32:39","modified_gmt":"2014-09-09T14:32:39","slug":"geographic-sales-shifts-south-county-gains-back-some-ground","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/09\/14\/geographic-sales-shifts-south-county-gains-back-some-ground\/","title":{"rendered":"Geographic Sales Shifts: South County Gains Back Some Ground"},"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 August, this is where the median prices were for our regions:<\/p>\n<ul>\n<li><strong>low end (South Co.):<\/strong> $144,000&mdash;$343,250<\/li>\n<li><strong>mid range (Seattle \/ North Co.):<\/strong> $302,000&mdash;$573,000<\/li>\n<li><strong>high end (Eastside):<\/strong> $400,000&mdash;$915,000<\/li>\n<\/ul>\n<p>It is interesting to note that no NWMLS area had a median above $1,000,000 in August.<\/p>\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\/09\/NWMLS-King-Region-Breakdown_2009-08.png\" title=\"% of Total King Co. SFH Sales by NWMLS Area\" rel=\"lightbox[7247]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/09\/NWMLS-King-Region-Breakdown_2009-08-600x435.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> 32.5% of sales<\/li>\n<li><strong>mid range (Seattle \/ North Co.):<\/strong> 37.6% of sales<\/li>\n<li><strong>high end (Eastside):<\/strong> 29.9% of sales<\/li>\n<\/ul>\n<p>The low-priced region (South King Co.) has been creeping back up the last couple of months.  This could be due to the $8,000 tax credit that will expire at the end of November, which is likely much more of an incentive for low-end buyers than for middle or high-end buyers, who are usually not first-time home buyers.<\/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\/09\/NWMLS-King-Region-Breakdown-bars_2009-08.png\" title=\"% of Total King Co. SFH Sales by NWMLS Area\" rel=\"lightbox[7247]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/09\/NWMLS-King-Region-Breakdown-bars_2009-08-600x435.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>It will be interesting to see how long the low-end region gains ground.  I suspect that we may see a bit of a spike in November as people move to take advantage of the tax credit at the last minute, but as we move toward the end of the year and into 2010, we will begin to see the low-end sales taper off again, leading to another upward tick in the median price.  Meanwhile, I suspect that Case-Shiller may remain mostly flat through the summer, based on the geographic shifts in sales and the reported county-wide median.<\/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 August, 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-7247","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: South County Gains Back Some Ground \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\/09\/14\/geographic-sales-shifts-south-county-gains-back-some-ground\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Geographic Sales Shifts: South County Gains Back Some Ground \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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