Alderbrook Properties

Lots of great news in the greater Puget Sound real estate market! The Seattle Pi reports that prices in King County were up nearly 20 percent over the past year (http://bit.ly/11GkVJh).  The Tacoma News Tribune reports that nationwide, US prices were up in October by the most in nearly six years (http://bit.ly/SJ2QXB). The numbers for Mason County and the South Shore for November are below.

Total active listings were down for October, as inventory remains low. Prices are up for both the South Shore and Mason County!

Mixed numbers from September. Active listings are still way down from 2011 levels.

Listings are down, sales are up – so are prices!

Note: You’ll notice that the average closed price at the South Shore went from $349,000 to $235,125. However, because the average price is based on just 1 sale in 2011, it’s statistically irrelevant.

At the South Shore, the average price of residential homes closed in July 2012 was $239,739 up from $226,842 in July 2011. County-wide average prices were up from $178,652 to $185,001.

At the South Shore, the average price of residential homes closed in June 2012 was $272,862 up from $201,250 in June 2011. Total closed sales were up from 4 in June 2011 to 13 in 2012. Pending sales are also up from 3 in June 2011 to 9 in June 2012.