Seattle, WA - Local Housing Data - Summary

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Seattle, Tacoma, Bellevue, WA

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Seattle, WA Local News

  • It's a park. It's a street. Is it safe? (Slide show)

    The new Bell Street Park in downtown Seattle has turned a stretch of roadway into one like no other in the city. Now it's time to see how this grand urban planning experiment plays out.

  • Seattle, WA - December 2013 - New Home Closings Figures Signal Market Drop is Slowing

    New home sales fell in Seattle, WA in December. Foreclosures as a percentage of existing home closings dropped, falling 5.4% percentage points. The percentage of new home closings belonging to attached homes rose, climbing 3.3% percentage points. Average prices of new homes moved up, rising 17.9%.

  • Metrostudy moves into Seattle market

    Per a press statement, "Metrostudy, a Hanley Wood company, announced today that it is expanding its housing research operations to include the greater Seattle market. The move is part of Metrostudy's continuing plans to expand its national coverage and enhance its existing analysis of the Seattle...

Prices of New Homes Gain in Seattle, Sales Decrease According to Latest Data

Posted on: Apr 06, 2014 07:39:25 AM

New home closings in the Seattle, WA market fell year-over-year in January, and the percentage fall that was steeper than December 2013 gave implications of worsening market conditions. New home closings saw a decline of 26.6% from the year earlier to 380. This was after the housing market saw a 4.1% decline year-over-year in December.

A total of 6,882 new homes were sold during the 12 months that ended in January, down from 7,020 for the year that ended in December.

As a percentage of overall housing closings, new home closings represented 10.1%. This is down from the 12.1% of closings a year earlier. Following a period of little movement in December from a year earlier, closings of new and existing homes slid year-over-year in January.

Pricing and Mortgage Trends

The average price of new homes jumped year-over-year in January to $471,928 per unit, a rise of 25.4%. This surge is an improvement over the 17.7% rise in December year-over-year.

The average mortgage size on newly sold homes saw a lift year-over-year along with new home prices. In January 2014, there was a 18.8% gain in the average mortgage size, reaching $377,078. Average mortgage size rose 16.5% in December 2013 from a year earlier.


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