December 2019 Real Estate Report for Seattle Neighborhoods

The last month of 2019 ended on a good note in the world of Seattle Real Estate, continuing a trend we’ve been seeing over the last few months-steadily increasing home prices. However, though the upward trend of home pricing in the greater Seattle area remains steady, it also remains rather slow, at least when compared to the national average.

According to the S&P CoreLogic Case-Schiller Index, home prices in Seattle are higher than they were this time last year, and the year-over-year price growth since July is at 2.5%, making it the biggest jump this area has seen since early on in 2019.

December of 2019 saw a significant uptick in listings from that of December 2018, with December of 2018 showing a mere 1 residential listing and December 2019 boasting 17 closed residential sales.

The average sale price for residential homes also increased a more-than-respectable amount, going from $727,500 in 2018 up to $1,266,868 minding the fact that there was only one listing in 2018. 2019’s highest sale price for a residential listing was $3,600,000.

Condominiums in the area seem to be in a slightly different situation at the moment, though still continuing a track set in recent months. Both December of 2018 and December of 2019 had only 1 listing respectively. However, December 2018’s condominium listing sold at $1,340,600 compared to 2019’s selling for only $480,000. This comes after a similar trend was seen in November, with fewer condominiums listed in November 2019 vs that of 2018 and a significantly lower average sale price as well.

As of today, there are a total of 762 active and available real estate listings, with 369 Seattle home and condo listings that are pending sale.

If you’re looking to buy your next dream home, professional expertise is key. Ewing and Clark has the knowledgeable and experienced brokers and leasing agents that are just the partners you need to navigate Seattle’s busy real estate market. Contact us to get started!