P ACIFIC NORTHWEST MARKET REPORT
Q1 2019
PACIFIC
NORTHWEST
MARKET REPORT
PUGET SOUND | SOUTHWEST WASHINGTON | OREGON
Coldwell Banker Bain is the #1 Coldwell Banker affiliate in the world with nearly $6.2 billion in volume in 2018, and has been helping people buy and sell homes in the Pacific Northwest since 1972. With 1,100+ brokers in 32 offices throughout Washington and Oregon, the company provides the full spectrum of services to buyers and sellers, with special expertise in the luxury realm. Additionally, the company has once again earned the national Coldwell Banker Chairman's Circle designation for outstanding performance in volume for 2018, ranking as a No. 1 network affiliate out of 3,000 offices in 48 countries. The company also provides services in property management, commercial real estate and real estate investment, and relocation management. Coldwell Banker Bain consistently ranks among the Top 20 Real Estate Companies in the nation as cited by Real Trends and RISMedia's Real Estate. For more information, visit
Q1
2019
PACIFIC NORTHWEST
MARKET REPORT
FIRST QUARTER NUMBERS
BELLEVUE, WA (April 1, 2019) ? Coldwell Banker Bain, a leading provider of real estate brokerage services throughout Washington and Oregon, and a market leader in home sales in 2018,* releases its first-quarter market report providing a variety of statistics for the sale of homes in neighborhoods and counties throughout the Puget Sound region, as well as for segments including luxury and condos. The first-quarter report reflects activity between Jan. 1, 2019 and March 31, 2019.**
Reflecting on the first-quarter numbers and feedback from brokers, Mike Grady, Coldwell Banker Bain president and COO, said, "Even during what is typically the slowest time of the year, we saw a strong market with listings to market and pending sales up an average of 9 percent and 6 percent respectively in King and Snohomish counties over this time last year. Snohomish and Pierce counties continue to impress with price appreciation averaging 5.5 percent, while appreciation in King stayed about even. Although closed sales were down a bit, we believe that is a result of a slowdown in the ability to facilitate the closing of pending transactions due to our snowy weather conditions in February, which impacted business operations around the region. Most notably in determining the strength of our market is how close the number of new listings and new pending transactions were, resulting in inventory remaining less than two months in most areas. We expect the market to continue these trends, especially as we head into what is always the busiest time of the year."
LINCOLN SQUARE SOUTH/EASTSIDE AREA
Jennifer JohnsenCameron, Coldwell Banker Bain's Vice President of Global Luxury and Principal Managing Broker of Coldwell Banker Bain of Lincoln Square, said, "All eyes are on Bellevue, given Amazon's announcement of its plans to relocate its entire Seattle-based worldwide operations team across Lake Washington to its birthplace, beginning immediately and completed by 2023. The question on everyone's mind is how this will affect the Seattle Metro market. The effects remain to be seen but will most likely increase activity in the Eastside
market, especially given that commutes will be easier with the light rail East Link Extension slated to open in 2023.
With inventory up both in Seattle and Eastside markets, buyers have become more finicky while sellers have been pressured to become more realistic about pricing their homes across all price points. Multiple offers still exist but we simply are not seeing the escalation clauses with `the sky's the limit' that we saw over the past few years. As we head into spring we expect a traditional upswing as the market remains cyclical, but with a more moderate increase than we saw last year."
Q1 | 2019 PACIFIC NORTHWEST MARKET REPORT
EASTSIDE AREA
Bellevue | Bothell | Duvall - Carnation | Kirkland | Issaquah - Sammamish | Mercer Island Redmond | Woodinville
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
AVERAGE SOLD PRICE (Nearest $000)
Eastside Area $1,041,000
Bellevue $1,332,000
Bothell $703,000
Duvall - Carnation $642,000
Kirkland $1,088,000
Issaquah - Sammamish $978,000
Mercer Island $1,841,000
Redmond $1,050,000
Woodinville $956,000
Area Condos $562,000
Area Waterfront (SF Only) $1,831,000
Area Luxury ($2+M | SF+C) $2,765,000
$0K
$500K
$1000K
$1500K
$2000K
$2500K
AVERAGE DOM
57 51 57 66 46 68 54 50 72 49 99 93
$3000K
NUMBER OF SALES CLOSED
600
500
400
300
200
311
207
100
59 203
0
Bellevue
Bothell
Duvall, Carnation
Kirkland
277
Issaquah, Sammamish
60
Mercer Island
INVENTORY IN UNITS - 04/01/2019 Total Eastside Inventory 1213 +99.8% % of change from 2018
193
+67.8%
Bellevue
218
+124.7%
Bothell
61
+154.1%
Duvall, Carnation
172
+91.1%
Kirkland
262
+96.6%
Issaquah, Sammamish
83
+62.7%
Mercer Island
532
140
Redmond
107
Woodinville
Area Condos
132
+206.9%
Redmond
92
+70.3%
Woodinville
351
+160.0%
Area Condos
1364
Total Eastside Sales Closed
29
75
Area Waterfront (SF Only)
Area Luxury ($2+M / SF+C)
62
+21.5%
Area Waterfront (SF Only)
200
+34.2%
Area Luxury ($2+M / SF+C)
Q1 | 2019 PACIFIC NORTHWEST MARKET REPORT
05
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- bellevue real estate premier property maps
- skcr office roster january 2019
- 2018 pacific northwest market report
- p acific northwest market report
- coldwell banker bain the pinnacle of pikes peak
- highlights—also available for lease
- puget sound southwest washington portland oregon
- q1 pacific northwest market report
- medina home bellevue lifespringbellevue lifespring
- 6300 beacon ave s marketing package 040809
Related searches
- stock market report today
- northwest hospital internal medicine
- northwest florida heart group
- northwest physicians specialty hospital
- market report today
- s p midcap index largest market cap position
- us stock market report today
- stock market research report india
- 6 p market segmentation meaning
- market analysis report template
- market analysis report pdf
- market analysis report ppt