The last seven days ending Aug 1, 2012 in the Magnolia area of Seattle saw an equal amount of new listings and pending sales. Altos Research LLC reported 10 sold homes and 10 new listings came on the market.
Brisk activity is happening in all price ranges in Magnolia, multiple offers have been reported on several houses as soon as they come on the market.
Inventory levels in Magnolia are starting to level off, prices have continued to trend upward since mid-June and the days on the market have continued to decrease.
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|90-day stats for Single Family properties in|
SEATTLE, WA98199 as of May 17, 2013
|Median List Price:||$801,256||Average List Price:||$996,325|
|Total Inventory:||86||Price per Square Foot:||$294|
|Average Home Size:||2,785||Median Lot Size:||6,013|
|Average # Beds:||3.60||Average # Baths:||2.56|
|Homes Absorbed:||7||Newly Listed:||9|
|Days on Market:||119||Average Age:||51|