Market Trends From Around The Sound: Q4-2019
Realogics Sotheby’s International Realty presents a look at the housing market trends for the fourth quarter of 2019, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
Seattle | Single-Family Homes
Median home prices in Seattle continued an upward trajectory to finish the year at $782,000, while the average price per square foot grew by 3.3 percent year-over-year to $456.66.
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Eastside | Single-Family Homes
Home prices on the Eastside grew slightly from the fourth quarter of 2018 to the fourth quarter of 2019, at $863,000 and $879,000, respectively. The December 2019 median price of $908,000 marked the second-highest on the Eastside for the entire year.
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Bainbridge Island | Single-Family Homes
Single-family homes on Bainbridge Island closed out the year strong, with a median sales price of $953,000 in the final quarter of 2019—up from the previous quarter’s reported $870,000 sale price.
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Seattle | Condominiums
After experiencing neutral market conditions in the third quarter of 2019, condominiums in Seattle slipped back into the favor of sellers, ending the year with 2.5 months of inventory.