New Year, New Price—Same Old Story?

Is the new year bringing a new flock of buyers? Traditionally sales pick up a little in January, gearing up for spring and summer, when the weather is more hospitable to home shopping.

Word at Altos Research
is Seattle is still a buyer’s market. Inventory is at 3,351 as of January 20, about 400 more than December’s figures. Even with buyers coming out of holiday hibernation, the overloaded market won’t bear all those new homes. My prediction is January’s figures will be more bad news.

Drawing from a few different neighborhoods in North and South Seattle, here are some of the larger price drops around town.

Hillman City
$555,950 $485,000 $472,500 $462,500 $399,900
4248 S Spencer St
4 br/1.5 ba; 2,240 sq ft
MLS#: 27196491

$329,900 $319,900 $274,900
3951 S Graham St
4 br/2 ba; 2,260 sq ft
MLS#: 27147574

Seward Park
$769,000 $749,000
8304 54th Ave S
4 br/2.75 ba; 2,400 sq ft
MLS#: 27208542

Wedgwood

$474,950 $449,950
8274 30th Ave NE
2 br/1 ba; 1,610 sq ft
MLS#: 27195392

Greenwood
$400,000 $380,000 $340,000
352 N 81st St
1 br/1 ba; 830 sq ft
MLS#: 28003066

Cedar Park

$250,000 $230,000
12300 33rd Ave NE #202
2 br/1.75 ba; 999 sq ft
MLS#: 27194008