King County MLS Stats for July

The MLS report is out for July. Check out the comparison between July 2006 and 2007.

Here are some interesting stats:

  • Va-va-va-voom Vashon! A whopping 46.89% price increase over last year. Are people scooping up vacation property or living out there?
  • In the Seattle area we’re not seeing huge price gains over this time last year and North Seattle has actually dropped about 6%.
  • The East Side is still going strong with 10% appreciation over last year.
  • The number of new listings is up about 50% across the board (except Vashon at half that) and the percent of pending sales is generally negative compared to last July.

    

What other’s are saying about the data:
Seattle Times: Housing prices defy logic, keep climbing
Seattle P-I: Condos driving the housing market
Seattle Bubble: Supply Up, Up, & Away, Demand Still Sinking