09
Woodinville, WA Real Estate Sales – March 2009
A Brief Introduction to Your “New” Author
I would like to introduce myself: My name is James Lupori. I am a Realtor and Associate Broker with Keller Williams Greater Seattle. My specialty is the sale of residential real estate in King and Snohomish Counties. My area of expertise, if you want to call it that, is the City of Kenmore and it’s surrounding neighbors; Woodinville being one of them. My primary blog is www.kenmoreundressed.com which I have been writing since last April. I have been asked to be a guest contributor to Woodinville Living until our network finds a new author.
Property Sales in Woodinville, WA March 2009
Today, we are going to take a brief look at a 13 month trend in real estate sales for the City of Woodinville. As you know, Puget Sound has been experiencing the affects of the housing slowdown; however, we are seeing signs that the market is inching up a bit. This is due in some part to the yearly bump in Spring activity and I believe buyers are taking advantage of lower home prices, historically low interest rates and the $8000 tax credit for 1st time home buyers. For a more detailed discussion of the “big picture” numbers for Puget Sound, please see my blog post regarding Puget Sound Absorption Rates. Now, let’s turn to some statistical graphs that illustrate sales for the last 13 months to see how has Woodinville been doing:
Units Sold
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As in many local communities, Woodinville is seeing an increase in sale activity since the beginning of the year. It remains to be seen what affect the stimulus measures will have on the market but, as I mentioned above, there are buyers out there. Generally, we are seeing “bargain hunting” behavior as homes under $400,000 constitute the vast majority of sales right now.
Click on the graph for a larger view
Woodinville’s average sale price has dropped significantly since last year. It will be interesting to see if this trend continues.
Days-on-Market
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If one averages out the days-on-market for Woodinville it’s running about 89 days. This is not a bad sales cycle even in a “regular” market. Sellers need to know that in this market a home must be “dressed for success” and must be priced aggressively. Buyers have a relatively large inventory to choose from and they have been slow to buy. Overall, the market is thawing a bit. It will be interesting to see what happens as the year progresses.
If I can assist you in any way regarding your real estate needs, please don’t hesitate to contact me:
James Lupori
206.713.2102
jlupori@comcast.net
