July 31, 2008
A Better Deal in Hawthorne Hills or Madison Park?
At our Red Carpet Event last night, we served up tasty real estate price tidbits as well as burritos. You can get the full slides here, or read on for delicious data by King County city and by Seattle neighborhoods.
Seattle Neighborhoods
First the neighborhoods. The average home is selling at 97% – 99% of list price. But in some neighborhoods, you can’t get a break. These neighborhoods sold at 100% or more of list price in June and July:
- Hawthorne Hills (100.5%)
- Montlake (100.1%, but only 3 sales)
- North Admiral (100.4%)
- Seaview(100%)
And buyers in other neighborhoods were able to negotiate pretty large deals:
- Surprisingly, tony Madison Park had 5 house sales at an average sale-to-list of only 91.5%.
- Broadmoor also had 5 houses sell, at 93.3% of list.
Both of these neighborhoods are expensive, and it’s not unusual to see larger discounts for more expensive homes.
But enough chatting, here’s the data:
Seattle House Sales, June 1 – July 27, 2008
| City | # Deals | Final v. List | Average Price |
| Admiral Houses | 8 | 97.1% | $690,938 |
| Alaska Junction Houses | 4 | 99.8% | $337,744 |
| Alki Houses | 3 | 97.6% | $676,333 |
| Arbor Heights Houses | 9 | 96.2% | $707,438 |
| Ballard Houses | 45 | 98.3% | $442,821 |
| Beacon Hill Houses | 19 | 98.7% | $493,760 |
| Belvidere Houses | 9 | 98.8% | $528,167 |
| Blue Ridge Houses | 4 | 95.9% | $468,250 |
| Boulevard Park Houses | 6 | 98.4% | $345,650 |
| Brighton Houses | 3 | 96.2% | $1,078,317 |
| Broadmoor Houses | 5 | 93.3% | $1,477,600 |
| Broadview Houses | 20 | 97.6% | $586,263 |
| Bryant Houses | 13 | 96.8% | $1,170,327 |
| Bryn Mawr Houses | 10 | 97.7% | $354,870 |
| Capitol Hill Houses | 18 | 97.7% | $649,858 |
| Cedar Park Houses | 4 | 98.8% | $775,750 |
| Central Area Houses | 19 | 98.4% | $405,179 |
| Columbia City Houses | 11 | 98.6% | $368,404 |
| Crown Hill Houses | 13 | 99.0% | $393,305 |
| Fauntleroy Houses | 13 | 97.9% | $451,846 |
| Fremont Houses | 26 | 98.0% | $442,335 |
| Gatewood Houses | 5 | 99.5% | $614,850 |
| Genesee Houses | 13 | 98.1% | $516,456 |
| Georgetown Houses | 3 | 98.8% | $316,667 |
| Delridge Houses | 4 | 97.4% | $288,125 |
| Green Lake Houses | 47 | 98.8% | $504,664 |
| Greenwood Houses | 17 | 99.3% | $708,071 |
| Haller Lake Houses | 9 | 99.1% | $471,189 |
| Hawthorne Hills Houses | 6 | 100.5% | $535,128 |
| Highland Park Houses | 11 | 98.0% | $467,325 |
| Judkins Houses | 5 | 98.4% | $349,490 |
| Lake City Houses | 5 | 98.3% | $415,380 |
| Lakeridge Houses | 5 | 98.8% | $508,100 |
| Lakewood Houses | 4 | 98.6% | $444,375 |
| Laurelhurst Houses | 8 | 99.8% | $824,925 |
| Leschi Houses | 8 | 98.5% | $1,675,063 |
| Lincoln Park Houses | 3 | 98.0% | $361,650 |
| Loyal Heights Houses | 4 | 99.5% | $370,863 |
| Madison Park Houses | 5 | 91.5% | $1,090,400 |
| Madison Valley Houses | 5 | 98.2% | $562,400 |
| Madrona Houses | 7 | 98.0% | $741,429 |
| Magnolia Houses | 27 | 98.4% | $672,319 |
| Maple Leaf Houses | 18 | 98.7% | $464,744 |
| Montlake Houses | 3 | 100.1% | $561,333 |
| Mt Baker Houses | 7 | 98.3% | $537,071 |
| North Admiral Houses | 9 | 100.4% | $577,872 |
| North Beach Houses | 4 | 98.5% | $686,125 |
| North Capitol Hill Houses | 5 | 96.4% | $1,060,950 |
| Northgate Houses | 6 | 99.1% | $371,500 |
| Olympic Hills Houses | 7 | 99.9% | $364,482 |
| Phinney Ridge Houses | 18 | 98.9% | $525,093 |
| Pinehurst Houses | 11 | 97.9% | $408,973 |
| Queen Anne Houses | 30 | 97.7% | $681,720 |
| Ravenna Houses | 17 | 99.1% | $546,595 |
| Seattle Houses | 21 | 97.8% | $573,898 |
| Seaview Houses | 3 | 100.0% | $391,317 |
| Seward Park Houses | 7 | 99.4% | $508,214 |
| Shorewood Houses | 3 | 97.2% | $395,983 |
| Skyway Houses | 15 | 96.7% | $487,098 |
| South Park Houses | 5 | 98.6% | $498,990 |
| Sunset Hill Houses | 3 | 99.4% | $531,667 |
| Upper Rainier Beach Houses | 6 | 95.1% | $299,167 |
| View Ridge Houses | 9 | 96.9% | $732,721 |
| Wallingford Houses | 26 | 98.5% | $573,052 |
| Wedgwood Houses | 19 | 98.2% | $502,044 |
| West Seattle Houses | 33 | 98.6% | $571,929 |
| Westwood Houses | 5 | 98.5% | $971,190 |
Seattle Condo Sales, June 1 – July 27, 2008
| Neighborhood | # Deals | Final v. List | Average Price |
| Alaska Junction condos | 4 | 100.2% | $311,863 |
| Alki condos | 8 | 99.7% | $423,113 |
| Bitter Lake condos | 3 | 95.9% | $327,583 |
| Broadview condos | 7 | 97.7% | $370,146 |
| Capitol Hill condos | 44 | 98.4% | $351,839 |
| Ballard condos | 24 | 97.4% | $330,595 |
| Central Area condos | 3 | 99.1% | $289,333 |
| Columbia City condos | 7 | 98.2% | $392,421 |
| Crown Hill condos | 3 | 98.2% | $250,000 |
| Eastlake condos | 8 | 98.4% | $416,363 |
| Fremont condos | 6 | 98.5% | $378,981 |
| Green Lake condos | 7 | 96.6% | $300,114 |
| Greenwood condos | 7 | 97.0% | $298,127 |
| Jackson Park condos | 4 | 99.2% | $546,500 |
| Madison Park condos | 5 | 98.2% | $370,390 |
| Magnolia condos | 6 | 99.1% | $552,458 |
| Maple Leaf condos | 3 | 98.9% | $422,629 |
| Northgate condos | 11 | 96.0% | $448,085 |
| Pinehurst condos | 7 | 96.9% | $381,129 |
| Queen Anne condos | 37 | 97.9% | $416,023 |
| Ravenna condos | 6 | 97.8% | $388,583 |
| Renton condos | 10 | 97.6% | $245,940 |
| Sand Point condos | 4 | 98.2% | $324,238 |
| Seattle condos | 14 | 97.3% | $381,781 |
| Shoreline condos | 10 | 95.3% | $300,270 |
| University District condos | 5 | 97.2% | $309,978 |
| Wallingford condos | 12 | 97.8% | $396,409 |
| West Seattle condos | 5 | 99.0% | $243,600 |
King County Cities
When we checked this data for April and May, we found that Snoqualmie homes sold for more. This time, Snoqualmie houses (99.4% average sale-to-list price) were edged out slightly by Des Moines houses (99.5% sale-to-list price).
King County House Sales, June 1 – July 27, 2008
| City | # Deals | Final v. List | Average Price |
| Auburn houses | 99 | 98.3% | $320,038 |
| Bellevue houses | 140 | 96.9% | $771,535 |
| Bothell houses | 45 | 98.1% | $408,936 |
| Burien houses | 23 | 98.8% | $353,986 |
| Des Moines houses | 31 | 99.5% | $316,992 |
| Duvall houses | 25 | 98.0% | $465,422 |
| Federal Way houses | 79 | 98.8% | $337,128 |
| Issaquah houses | 88 | 97.4% | $646,780 |
| Kenmore houses | 40 | 96.9% | $550,090 |
| Kent houses | 139 | 98.7% | $341,119 |
| Kirkland houses | 96 | 96.7% | $751,615 |
| Lake Forest Park houses | 18 | 96.6% | $491,254 |
| Maple Valley houses | 86 | 99.8% | $403,817 |
| Mercer Island houses | 32 | 95.5% | $1,308,508 |
| Newcastle houses | 23 | 97.3% | $808,911 |
| Normandy Park houses | 5 | 94.9% | $610,800 |
| North Bend houses | 12 | 98.1% | $541,871 |
| Redmond houses | 133 | 97.7% | $727,764 |
| Renton houses | 170 | 97.9% | $411,066 |
| Sammamish houses | 110 | 97.7% | $693,521 |
| SeaTac houses | 18 | 98.4% | $300,561 |
| Seattle houses | 922 | 98.2% | $565,734 |
| Shoreline houses | 62 | 97.3% | $504,374 |
| Snoqualmie houses | 43 | 99.4% | $509,453 |
| Tukwila houses | 14 | 97.9% | $315,989 |
| Woodinville houses | 40 | 97.6% | $729,314 |
King County Condo Sales, June 1 – July 27, 2008
| City | # Deals | Final v. List | Average Price |
| Auburn condos | 17 | 92.0% | $197,177 |
| Bellevue condos | 73 | 97.3% | $398,417 |
| Bothell condos | 15 | 97.8% | $253,953 |
| Burien condos | 6 | 99.0% | $192,817 |
| Des Moines condos | 11 | 96.1% | $266,632 |
| Federal Way condos | 20 | 100.3% | $189,225 |
| Issaquah condos | 58 | 97.1% | $315,904 |
| Kenmore condos | 10 | 99.8% | $280,830 |
| Kent condos | 49 | 98.5% | $243,227 |
| Kirkland condos | 67 | 97.6% | $373,067 |
| Maple Valley condos | 3 | 98.8% | $261,167 |
| Newcastle condos | 3 | 95.7% | $428,867 |
| Redmond condos | 40 | 98.0% | $344,127 |
| Renton condos | 34 | 97.3% | $232,739 |
| Sammamish condos | 9 | 99.5% | $319,767 |
| SeaTac condos | 10 | 99.4% | $230,479 |
| Seattle condos | 352 | 97.9% | $379,502 |
| Shoreline condos | 13 | 96.1% | $247,925 |
| Snoqualmie condos | 4 | 97.2% | $331,000 |
| Tukwila condos | 3 | 97.4% | $206,300 |
| Woodinville condos | 3 | 97.5% | $261,333 |
Monica said:
Your link to the slides doesn’t work.
Also, since you work in Snohomish county as well, it would be nice to get sales data for the cities in Snohomish county, not just King county.
July 31, 2008 10:35 PM
ellie.wilkinson said:
Sorry about that, Monica! It’s fixed now, you should be able to get the slides.
August 1, 2008 11:23 AM
Glenn Kelman said:
Ellie, is this ratio based on the final asking price or the initial asking price?
August 1, 2008 3:56 PM
ellie.wilkinson said:
The ratio is based on the final list price, not the original list price.
August 1, 2008 4:01 PM
Price Trend Graphs for Mercer Island Real Estate « Surrounded By Water: A Mercer Island Blog said:
[...] Sale price as a percentage of list prices were 95.5% (read down the post for MI data) in June and July, a little lower than the average in the region. That’s pretty common for more expensive areas, but it could also be that the large number of homes on the market give buyers some negotiating power. [...]
August 13, 2008 9:48 AM