lonniesnyder's Blog: Statistics

Whether you see the housing market "glass" as half-empty or you see it as half-full, industry experts agree that homeownership is still one of the safest, most secure ways to build long-term wealth. On a national level, home appreciation has historically increased 5% to 6% annually, according to economists at the National Association of Home Builders (NAHB).

Doesn't sound like much? Consider the return on your original investment, not the home price alone. Here's an example that puts it into perspective: Let's say you make a 10% down payment on a $200,000 home (an investment of $20,000). At a 5% annual appreciation rate, your $200,000 home would increase in value $10,000 during the first year. Earning $10,000 on an investment of $20,000 is an…

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These numbers are based on a three month historical analysis that compares this week with last week.

MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 103 Days (No change from 103 last period)
Inventory of Active Listings: 576 (Down from 579 last period)
Inventory of Sold & Pending Listings: 219 (Down from 223 last period)
73 listings are absorbed by demand each month on average. (Down from 74 last period)
12% of active listings are selling each month on average.
7.9 Months Worth of Supply (Up from 7.8 last period)
Average List Price: $896,502 (Up from $891,592 last period)
Average Sale Price: $644,644 (Down from $676,382 last period)
Median Sale Price: $570,000 (Down from… Read Full Post

Note: NWMLS implemented some Area Designation and Boundary changes in the Newcastle/Renton area to more accurately reflect the true market areas in this section of Bellevue/Renton. The boundary changes took effect on June 24th, 2008. To view a map that shows the old and new boundaries, click here: http://www.nwmls.com/discover/library/monday_update/MonUpdates/MU2008/Jun08/KC_SW_350_500.pdf.

These numbers are based on a three month historical analysis that compares this week with last week. MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 100 Days (Up from 98 last period)
Inventory of Active Listings: 582 (Up from 578 last period)
Inventory of Sold & Pending Listings: 249 (Up from… Read Full Post

 

  These numbers are based on a three month historical analysis that is updated on a weekly basis. MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 97 Days (Up from 95 Last Week)
Inventory of Active Listings: 610 (Up from 590 Last Week)
Inventory of Sold & Pending Listings: 225 (Up from 252 Last Week)
75 listings are absorbed by demand each month on average. (Up From 74 Last Week)
8.13 Months Worth of Supply (Up from 7.97 Last Week)
Average List Price: $891,839 (Up From $887,468 Last Week)
Average Sale Price: $736,723 (Up From $736,144 Last Week)
Median Sale Price: $620,500 (Up from $615,000 Last Week) (1/2 sell for more & 1/2 sell for less) Analysis of MLS Area 500 for… Read Full Post

These numbers are based on a three month historical analysis that is updated on a weekly basis.

MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 93 Days (No Change From Last Week)
Inventory of Active Listings: 603 (Up from 591 Last Week)
Inventory of Sold & Pending Listings: 225 (Up From 165 Last Week)
Average List Price: $888,917 (Up from $888,342 Last Week)
Average Sale Price: $751,967 (Up from $737,816 Last Week)
Median Sale Price: $623,000 (Up from $615,000 Last Week) (1/2 sell for more & 1/2 sell for less) Analysis of MLS Area 500 for Single Family Homes: This market has seen rate increases for three weeks in a row. However, the area still favor buyers over sellers.  A… Read Full Post

 

These numbers are based on a three month historical analysis that is updated on a weekly basis. MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 93 Days (Down From 97 Last Week)
Inventory of Active Listings: 591 (Up from 562 Last Week)
Inventory of Sold & Pending Listings: 165 (Down From 253 Last Week)
47 listings are absorbed by demand each month on average. (Down From 51 Last Week)
11 Months Worth of Supply (Up from 8.5 Last Week)
Average List Price: $885,342 (Up from $883,481 Last Week)
Average Sale Price: $737,816 (Down from $747,990 Last Week)
Median Sale Price: $615,000 (Down from $625,000 Last Week) (1/2 sell for more & 1/2 sell for less) Analysis of MLS Area 500 for… Read Full Post

With traffic and gas prices both getting worse new numbers tracking use of the new HOT lanes on State Route 167 between Auburn and Renton show that not only are more drivers each week using the lanes, they don't seem to mind paying more for them either.

The lane is free to cars with two or more passengers. But state troopers are writing $124 tickets to drivers caught crossing the HOT lane's double-white line. To use the HOT lanes drivers must set up prepaid Good to Go accounts and install windshield transponders, the same as those used by Tacoma Narrows Bridge commuters.

The Washington State Department of Transportation says during peak hour travel last week, about 1,100 drivers per day used the HOT lanes. The highest toll paid was $5.75, which was in… Read Full Post

 

Posted by Lonnie Snyder under For Buyers, For Sellers, For Realty Professionals, Regional - West, General Information, Statistics, News & Media These numbers are based on a three month historical analysis that is updated on a weekly basis. MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 97 Days (Up From 95 Last Week)
Inventory of Active Listings: 562 (Up from 542 Last Week)
Inventory of Sold & Pending Listings: 253 (Up From 217 Last Week)
51 listings are absorbed by demand each month on average. (Up From 72 Last Week)
11 Months Worth of Supply (Up from 7.5 Last Week)
Average List Price: $883,481 (Down from $886,613 Last Week)
Average Sale Price: $747,990 (Down from $741,774… Read Full Post