Seattle’s Eastside Numbers: Keep in mind that every city, neighborhood, and home are different, and the listing brokers strategy and negotiation skills can play in big part in the final SOLD price.
Overall Prices: The median SOLD price in the first quarter was $1,715,000 and we ended the year with a median SOLD price of $1,531,250. A drop of 22% for the year. However, prices are still 12% up from 2021 and 56% up from 2020.
Total Sales: 3604 units in 2021 and 2568 units last year. A 28% drop in the number of units SOLD.
SOLD properties priced under $700,000: 50 units in 2021 and 34 units last year. The percentage of the yearly SOLD volume remained similar.
SOLD properties priced $700,000 to $1M: 651 units in 2021 and 271 units last year. This represents a 60% drop in the number of units SOLD year on year and an 8% drop in the total sales volume for 2022 compared to 2021.
SOLD properties priced $1M to $2M: 2227 in 2021 and 1577 last year. This represents a 30% drop in SOLD volume but a steady 61% of the yearly sales volume each year.
SOLD properties prices $2M plus: 676 in 2021 and 686 last year. That is a jump from 19% of the total yearly sales in 2021 to 27% in 2022. This gave a small increase in the volume SOLD over 2021 of 1.5%.
All data from NWMLS searches and compiled by Tom Perry – Realty Executives Brio.
Be, Red, Iss, Kir – Residential-No New const-No condo-No townhouses
2022 – The Year In Review
Months Of Inventory Report
Interest Rate Report
Summary of the Year Report
Year End Numbers Report
Leave a comment below if you have been thinking about a move and have any questions …
Check REX2020.com for more blog posts and information about the market and strategies for sellers and buyers. This information is valuable and timely for today’s real estate market.
While on my website, you can see my step-by-step processes for Sellers and Buyers. Both are based on the current market and proven by my years of experience. Whether it’s time to buy now or in the future, you will receive options that will help you to put a plan of action in place. Contact Tom Directly
Not all agents are REALTORS®. We are held to a higher standard. Beyond the education, we are held accountable to the Code of Ethics. Always ask, “Are you a REALTOR®?”