Here is the latest information on the real estate market provided by the NWMLS:
Home sales for 2011 finished much stronger than they started. According to the figures from the Northwest Multiple Listing Service, pending sales in the fourth quarter of 2011 out gained the first quarter of 2011 by 21 percent.
Pending sales for December 2011 also increased by 20 percent from the year before. Also, both November and December 2011′s pending volume exceeded the total number of new listings. A disproportion like this has not occurred since November of 2006.
December 2011′s closed sales also surpassed the totals recorded from December 2010 by 7 percent. Prices continue to come down, due in a large part, to the many distressed typically low-priced properties on the market.
In addition to low prices, there is also little inventory in the marketplace with a 17.2 percent decrease in the amount of active listings in the MLS database from December 2010 to December 2011. The inventory in Seattle is also down 30 percent from the previous year.
The combination of shrinking inventory with favorable financing is causing some areas to lean toward a seller’s market, as measured by the supply of homes. Currently there is about a five month supply of homes, which is usually considered a balanced market for both buyers and sellers.
This bodes a happy 2012 for the real estate community!
Statistical Summary by Counties: Market Activity Summary – Dec. 2011
Single
Family
Homes
+ Condos |
LISTINGS |
PENDING
SALES |
CLOSED SALES |
New
Listings |
Total
Active |
# Pending
Sales |
# Closings |
Avg.
Price |
Median
Price |
| King |
1,552 |
7,472 |
2,060 |
1,849 |
$359,912 |
$291,000 |
| Snohomish |
763 |
3,249 |
1,013 |
846 |
$252,144 |
$222,750 |
| Pierce |
846 |
4,280 |
923 |
791 |
$199,071 |
$175,199 |
| Kitsap |
202 |
1,403 |
201 |
201 |
$259,441 |
$228,000 |
| Mason |
47 |
590 |
47 |
39 |
$156,752 |
$133,800 |
| Skagit |
125 |
863 |
100 |
101 |
$216,803 |
$200,685 |
| Grays Harbor |
102 |
735 |
52 |
60 |
$133,550 |
$117,500 |
| Lewis |
78 |
613 |
48 |
46 |
$142,388 |
$117,750 |
| Cowlitz |
74 |
472 |
57 |
59 |
$138,786 |
$140,100 |
| Grant |
61 |
470 |
35 |
36 |
$160,490 |
$146,450 |
| Thurston |
211 |
1,324 |
230 |
228 |
$226,824 |
$212,000 |
| San Juan |
17 |
329 |
13 |
18 |
$442,235 |
$361,000 |
| Island |
92 |
739 |
67 |
79 |
$259,915 |
$215,000 |
| Kittitas |
44 |
398 |
39 |
36 |
$201,072 |
$177,995 |
| Jefferson |
35 |
435 |
23 |
34 |
$188,685 |
$152,500 |
| Okanogan |
31 |
349 |
15 |
11 |
$136,666 |
$117,000 |
| Whatcom |
131 |
1,267 |
152 |
170 |
$236,790 |
$219,000 |
| Clark |
22 |
191 |
29 |
28 |
$187,891 |
$170,500 |
| Pacific |
31 |
347 |
21 |
23 |
$176,752 |
$137,000 |
| Ferry |
2 |
58 |
1 |
1 |
$250,000 |
$250,000 |
| Clallam |
37 |
365 |
41 |
34 |
$210,326 |
$194,900 |
| Others |
101 |
690 |
70 |
51 |
$220,919 |
$169,900 |
| MLS TOTAL |
4,604 |
26,639 |
5,237 |
4,741 |
$276,009 |
$225,000 |
*This information is provided courtesy of the Northwest Multiple Listing Service
We would love to help you with your real estate needs whether you are looking to buy or sell a home. For more information on Anacortes real estate, please contact Jean Groesbeck or Linda Harris!
Contact Jean Groesbeck – Jean@ColdwellBanker.com or (360) 941-3734
Contact Linda Harris – AnacortesRealEstate@gmail.com or (360) 202-8888
