Realogics Sotheby’s International Realty presents a look at the housing market trends for the third quarter of 2019, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
Seattle | Single-Family Homes
Buyers truly came off the sidelines as summer turned to autumn, with the number of home sales up by nearly 8% (from 1,531 to 1,653).
Eastside | Single-Family Homes
Home prices on the Eastside remained relatively unchanged from the third quarter of 2018 to the third quarter of 2019, at $890,000 and $885,000, respectively.
Bainbridge Island | Single-Family Homes
Buyers in this area purchased homes with greater speed than seen in previous years as homes sold in an average of just 18 days on market—a sharp decline from the 44 days they spent on the market in both Q3-2017 and Q3-2018.
Seattle | Condominiums
As was the case in the Seattle single-family data, the condo market felt the impact of an inventory surge with a year-over-year decline in median home prices, from $480,000 to $420,000.