Despite this unprecedented time, our local real estate market is growing. The housing inventory is still modest, but on an upward trend. The current stay at home order allows real estate agents to show homes, but with limitations. Next month’s update will reflect the first full month of impact in our area from the Coronavirus.
February ended with 38± homes on the market. At the end of March, there were 55± homes for sale. There were 47 new listings, 17 of which went under contract. Additionally, 7 homes already on the market went under contract for a total of 24 (see below). There were 27 sales that closed in March at a median sales price of $1,100,000 with an average market time of 83 days.
Comparatively, at the end of March last year, there were 44± homes for sale, 40 homes that went under contract, and 13 closed sales at a median sales price of $1,110,000 with an average market time of 65 days.
Year-to-date, there have been 66 closed sales at a median sales price of $942,500. Compared to the same period last year, there were 50 closed sales at a median sales price of $842,500, a 32% increase in volume and 11.87% increase in the median sales price. (Note: the median price is skewed by such a small sample size so early in the year.)
Here are the 24 homes that went under contract in March:
|1||$545,000||9818 NE Day Road E||3/21|
|2||$593,000||6736 NE Baker Hill Road||3/28|
|3||$625,000||12511 Kallgren Road NE||3/10|
|4||$659,000||11220 Parkhill Place NE||3/4|
|5||$660,000||824 Eagle Cliff Road NE||3/28|
|6||$665,000||6701 NE Day Road||3/2||Closed 3/2 @ $665,000|
|7||$668,000||381 Ihland Way NW||3/24|
|8||$675,000||12445 North Madison Ave NE||3/12|
|9||$695,000||15747 Point Monroe Drive NE||3/24||Waterfront|
|10||$718,000||1815 Parkview Drive NE||3/27|
|11||$729,000||8240 NE Baker Hill Road||3/22|
|12||$739,000||6405 NE Agate Beach Lane||3/19|
|13||$759,000||755 Fords Court NW||3/18|
|14||$809,000||5180 NE Sullivan Road||3/24|
|15||$810,000||786 Fairview Avenue NE||3/11|
|16||$880,000||5356 Diamond Place NE||3/22|
|17||$898,000||7883 Fletcher Bay Road NE||3/11|
|18||$899,000||1131 Cherry Avenue NE||3/30|
|19||$1,195,000||12169 Arrow Point Loop NE||3/23||Waterfront|
|20||$1,195,000||6440 NE Hidden Cove Road||3/6|
|21||$1,245,000||10144 NE Kitsap Street||3/2|
|22||$1,300,000||241 Lovell Avenue SW||3/30||Wft; Closed 3/30 @ $1,300,000|
|23||$1,448,000||6647 NE Baker Hill Road||3/16|
|24||$2,196,000||15733 Point Monroe Drive NE||3/29||Waterfront|
Information and statistics derived from Northwest Multiple Listing Service.