Of course there is nothing for sale, but not unusual for this time of year. The height of the For Sale and Pending graphs is the average # of homes sold in one month based on 2017 sales IF every month were the same. In 2018 in 98033 it will still be the same “what’s new this week” with everything coming on being sold in a week or less unless it is overpriced.
The main reason for me to post these by zip code snapshots this time of year is for people who need to know where they can afford to live. For instance if you want to buy a house vs a condo and you want to spend less than $500,000, now you know that only 6 properties sold in all of 2018 for less than $500,000, so you may be barking up the wrong tree in 98033. I will try to post this same data for the zip codes where I work, today if possible, to keep everything on an even keel.
I have coded the more likely price ranges in green tones, the not likely ones in red tones (but somewhat more for sellers than buyers) in the pink-red and the yes, but be discerning please, are blue.
That inventory is non-existent should not be a surprise to anyone. Only FOUR houses for sale under $1.25 Million might be a bit surprising to some and NONE under $500,000 might be a surprise to some before reading this post and viewing the first graph.
The DOW just went over 25,000 this morning and there is no product for sale. Expect another big climb in prices in the first half of 2018.
More Zip Codes to follow in subsequent posts. Some will be Eastside and some will be Seattle, but only in places where I work, so mostly North of Downtown in Seattle plus Shoreline, Kirkland-Bellevue-Redmond, Issaquah-Sammamish and bit of Bothell on The Eastside.
I posted the Pending sales as well so that people can see what recently sold but didn’t close yet. Not quite as bad as the For Sale stats, but still pretty dismal…or GREAT!…depending on whether you are a buyer or a seller.
ARDELL DellaLoggia, Sound Realty – 206-910-1000 cell – email@example.com email
Required Disclosure: Stats in this post are hand calculated by ARDELL in Real Time and not compiled, verified or published by The Northwest Multiple Listing Service.
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