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Although the real estate market is showing the effects of the economic slowdown due to the Coronavirus, it is surprisingly busier than expected. And despite the decline in inventory compared to this time last year, the ratio of properties that went under contract versus new listings held steady at 50% and the number of sales year-to-date are nearly identical.
March ended with 55± homes on the market. At the end of April, there were 53± homes for sale. There were 31 new listings, 16 of which went under contract. Additionally, 15 homes already on the market went under contract for a total of 31 (see below). There were 22 sales that closed in April at a median sales price of $835,000 with an average market time of 33 days.
Comparatively, at the end of April last year, there were 73± homes for sale, 43 homes that went under contract, and 37 closed sales at a median sales price of $893,000 with an average market time of 51 days.
Year-to-date, there have been 88 closed sales at a median sales price of $921,000. Compared to the same period last year, there were 87 closed sales at a median sales price of $855,000, essentially the same volume with a 7.7% increase in the median sales price.
Here are the 31 homes that went under contract in April:
| Price | Address | Contract Date | ||
| 1 | $590,000 | 816 Strawberry Lane NW | 4/30 | |
| 2 | $599,000 | 5574 New Sweden Avenue NE | 4/23 | |
| 3 | $689,000 | 537 Cherry Avenue NE | 4/27 | |
| 4 | $695,000 | 10754 NE Bill Point Drive | 4/26 | |
| 5 | $698,000 | 320 Nicholson Place NW | 4/21 | |
| 6 | $739,000 | 6405 NE Agate Beach Lane | 4/26 | |
| 7 | $760,000 | 1162 Grow Avenue NW | 4/28 | |
| 8 | $789,000 | 10689 NE Byron Drive | 4/18 | |
| 9 | $818,000 | 5800 Battle Point Drive NE | 4/25 | |
| 10 | $829,000 | 14419 N Madison Avenue NE | 4/30 | |
| 11 | $829,000 | 9591 NE Battle Point Drive | 4/13 | |
| 12 | $859,000 | 380 Cosgrove Street NW | 4/4 | |
| 13 | $875,000 | 1894 Commodore Lane NW | 4/30 | |
| 14 | $875,000 | 9807 NE Radio School Road | 4/14 | |
| 15 | $998,000 | 11138 NE Wing Point Drive | 4/7 | |
| 16 | $1,100,000 | 8954 Trimble Avenue NE | 4/27 | |
| 17 | $1,199,000 | 7354 NE West Port Madison Road | 4/27 | |
| 18 | $1,248,000 | 8298 Grand Avenue NE | 4/20 | |
| 19 | $1,250,000 | 15638 Point Monroe Drive NE | 4/27 | Waterfront |
| 20 | $1,250,000 | 1013 Cherry Avenue NE | 4/28 | |
| 21 | $1,395,000 | 14044 Sunrise Drive NE | 4/18 | |
| 22 | $1,398,000 | 15435 Harvey Road NE | 4/2 | |
| 23 | $1,475,000 | 6710 NE Dapple Court | 4/28 | |
| 24 | $1,485,000 | 4811 NE Dotson Loop | 4/28 | |
| 25 | $1,495,000 | 4480 North Tolo Road NE | 4/14 | House Sale Contingent |
| 26 | $1,575,000 | 12662 Sunrise Drive NE | 4/26 | |
| 27 | $1,598,000 | 4422 New Sweden Road NE | 4/15 | Closed 4/15 @ $1,598,000 |
| 28 | $1,850,000 | 7738 NE Yeomalt Point Drive | 4/23 | Waterfront |
| 29 | $1,998,000 | 10717 NE Manitou Park Boulevard | 4/16 | |
| 30 | $1,999,999 | 11691 Sunset Avenue NE | 4/8 | |
| 31 | $3,595,000 | 13558 Sunrise Drive NE | 4/30 | Waterfront |
Information and statistics derived from Northwest Multiple Listing Service.
