As we continue to embark through 2018, we look back at the year in the review as a way to see trends within real estate and how we can better serve local communities. This year's market report offers insight into your local housing market.
King County continued its reign as the most populous county within the state, and was home to $20.37 billion in single-family home sales. These homes had an average price of $630,000 which was up from 2016's median price of $550,000. This comes as a direct reflection of the tech industries local boom which has drawn buyers to Seattle from across the globe.
Ballard and Greenlake accounted for a total of $1.72 billion in sales with a median price of $750,000. Sales within this region moved at a quicker pace than anywhere else in the Seattle metro area and the average cumulative days on market held steady at seven days throughout the year.
Queen Anne and Magnolia also proved to be busy neighborhoods, with a median single-family home price of $946,000. Home values here were higher here than in the other seven areas of Seattle. Up a total of 14.5%, this area continues to be a hot-spot for buyers alike.
With trends to watch and key information from regions around Washington, take a look at the full report below.