South Seattle Market Review: Highs, Lows & In-Betweens

South Seattle Market Review: Highs, Lows & In-Betweens

Windermere Mount Baker Real Estate:

Windermere Real Estate recently released its Seattle real estate statistics for the third quarter of 2017, and we’ve got your South Seattle numbers below.

But first, the typical seasonal slowdown of new listings in September added to frustration for buyers who are competing for a very limited number of homes.

“The scorching hot market of the spring has settled into just a hot market, and a little let up is welcome by all,” says Joe Easterday, Designated Broker/Owner at Windermere Real Estate Mount Baker.

Strong job growth continues to fuel demand. The state added 83,000 new jobs in the month of August, and September looked to be just as robust. The result? King, Pierce and Snohomish counties all reported double-digit price increases from a year earlier.

Seattle Seattle’s inventory remains as tight as ever, with homes being snapped up in days. A big hiring push by local employers just keeps adding to the pressure. With supply dwindling and demand soaring, prices had only one place to go — up. In September, the median single-family home price in Seattle soared 15% over a year ago to $725,000.

King County The median price of a single-family home sold in King County in September increased 16% over a year ago to $625,000. While down from the record high of $658,000 in July, it represents the highest value for any September since records began in 2000. Among the largest metro areas in the U.S., our region has now led the nation in cost increases for the last 11 months.

“Even with the continued strong appreciation, correct pricing by sellers is more important than ever,” added Easterday. “Additionally it is imperative to work with a professional agent that understands the nuances in the market and can assist with pricing for both buyers and sellers.”

Below, we’ll focus on the South Seattle neighborhoods of Brighton, Columbia City, Genesee, Hillman City, Judkins, Lakewood, Leschi, Mt Baker, Rainier Beach, Rainier Valley, Seward Park and Skyway, as well as Beacon Hill, Columbia City, Dunlap, Georgetown, Jefferson Park, North Beacon Hill, and SODO.

In the meantime, click here for the entire Q3 Seattle Market Review.

Brighton, Columbia City, Genesee, Hillman City, Judkins, Lakewood, Leschi, Mount Baker, Rainier Beach, Rainier Valley, Seward Park, Skyway

High-Price Listing

High-Price Listing
Mount Baker
3909 43rd Ave S
$1,750,000
4 Beds / 31/2 Baths / 3,681 SQFT
MLS #: 1076469
Lot Size: 8,600 sqft
Year Built: 2017
Style: Multi Level
Views: Lake, Territorial
School District: Seattle

Medium-Price Listing

Medium-Price Listing
Mount Baker
2001 31st Ave S
$750,000
3 Beds / 13/4 Baths / 2,060 SQFT
MLS #: 1153473
Lot Size: 5,015 sqft
Year Built: 1941
Style: 1 Story with Basement
Views: Territorial
School District: Seattle

Low-Price Listing

Low-Price Listing
Hillman City
5989 Rainier Ave S #A
$440,850
3 Beds / 23/4 Baths / 1,280 SQFT
MLS #: 1138275
Lot Size: 1,166 sqft
Year Built: 2007
Style: Townhouse
Views: City
School District: Seattle

Beacon Hill, Columbia City, Dunlap, Georgetown, Jefferson Park, North Beacon Hill, SODO

High-Price Listing

High-Price Listing
North Beacon Hill
2909 23rd Ave S
$1,086,000
4 Beds / 41/2 Baths / 4,320 SQFT
MLS #: 1120880
Lot Size: 4,000 sqft
Year Built: 2009
Style: 2 Stories with Basement
Views: Mountain, Territorial
School District: Seattle

Medium-Price Listing

Medium-Price Listing
North Beacon Hill
2533 A 13th Ave S
$725,000
3 Beds / 3 Baths / 1,363 SQFT
MLS #: 1178866
Lot Size: 1,250 SQFT
Year Built: 2017
Style: Townhouse
Views: Bay, City, Mountain, Territorial
School District: Seattle

Low-Price Listing

Low-Price Listing
Beacon Hill
6926 30th Ave S
$475,000
3 Beds / 21/4 Bath / 1,800 SQFT
MLS #: 1140230
Lot Size: 2,516 sqft
Year Built: 2001
Style: 1 Story
Views: Territorial
School District: Seattle

 

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