P ACIFIC NORTHWEST MARKET REPORT€¦ · segments, including luxury and condos. The third-quarter...

P A C I F I C N O R T H W E S T

MARKET REPORT

Q3 2019

P U G E T S O U N D | S O U T H W E S T W A S H I N G T O N | O R E G O N

Helping people buy and sell homes in the Pacific Northwest since

1972, Coldwell Banker Bain is an undisputed market leader, posting

nearly $6.4 billion in sales in 2018. With 32 offices and more than

1,100 brokers in Washington and Oregon, plus a global reach

that extends to 92,000 brokers in 44 countries, we’re not only

one of the largest Coldwell Banker affiliates in the world, we’re

also the most accomplished real estate company in the Northwest.

Our commitment to knowledge, expertise and market insights consistently undergirds our

reputation for excellence and service. An emphasis on global access in the luxury realm,

combined with the power, reach and recognition of the Coldwell Banker brand, allows

us to outsell and outperform our rivals, as we elevate the standard for marketing premier

properties in the Puget Sound are and the Pacific Northwest.

As important to us as business success— we also provide services in property management,

commercial real estate, real estate investment and relocation management— is the

understanding that real estate is more than just a transaction; it’s a key part of building

safe, happy and prosperous lives for our clients, our brokers and their families.

PACIFIC NORTHWEST MARKET REPORT FOR PUGET SOUND REGION

B ELLEVUE, WA (Oct. 1, 2019) – Coldwell Banker

Bain, a leading provider of real estate brokerage

services throughout Washington and Oregon,

and a market leader in home sales in 2018,* releases its

third-quarter market report providing a variety of statistics

for the sale of homes in neighborhoods and counties

throughout the Puget Sound region, as well as for other

segments, including luxury and condos. The third-quarter

report reflects activity between July 1 and Sept. 30,

2019.**

Reflecting on the third-quarter numbers and feedback

from brokers, Mike Grady, Coldwell Banker Bain president

and COO, said, “Things are evolving a bit, however at this

point it’s difficult to know if it’s an aberration or an actual

trend. Throughout the region, there were far fewer listings

than during this same period last year, and there were

also fewer pending transactions than last year. So, while

it’s still a seller’s market, for more than a year now we’ve

continued to see only 1-2 months of inventory, so we’re

starting to think we may be looking at a ‘new normal’ in

relation to what a balanced market looks like. That is, our

region’s new balanced market may have changed from

one that had 4-5 months of inventory, to one that only

offers 1-2 months of inventory. And with the international

economy and trade issues continuing to be erratic, and

interest rates staying low, these pressures will almost

certainly also be an influence, yet there’s no clear answer

to how all of this will play out. But for sure, a market with

1-2 months of inventory is good news for both buyers and

sellers, and evens the playing field a bit.

Additionally, the median price in King County is regaining

ground, and if you look at that number since January

2019, median prices in King County have appreciated

nearly 10% so far this year, so still very impressive.”

P A C I F I C N O R T H W E S T

MARKET REPORT

Q3 2019

EASTSIDE Q 3 A R E A M A R K E T R E P O R T

Based on information from the NWLMS, data reflects sales of single family homes between 7/1/19 and 9/30/19.

coldwellbankerbain.com

5 Q3 | 2019 PACIFIC NORTHWEST MARKET REPORT

Mike Winkler, Principal Managing Broker of Coldwell Banker Bain of Mercer Island,

said, “As a market unto itself, Mercer

Island trends appear more dramatic than those

experienced in the Greater Puget Sound, certainly

attributable to both price and inventory.

The good news is that while pricing has seen

significant reductions with new listings, pending

and closed sales reversed a negative trend and

were both up in price and units. The market flux

makes one ask if this is our ‘new normal,’, and

only time will tell. Again, spot-on pricing results

in buyers making near to full-price offers and

transactions closing.

In the meantime, there have been news reports

regarding simple rule changes on how brokers are

compensated. Suffice it to say, this is an excellent

opportunity to discuss with your choice of listing

broker on Mercer Island. Remaining competitive,

closing, and moving on is at the heart of the

discussion points. In other news, interest rates

remain at historically lows and the employment

and business growth outlook in Puget Sound

remain optimal.”

EASTSIDE AREA

0

100

200

300

400

500

0

200

400

600

800

1000

$0 $500k $1m $1.5m $2m $2.5m $3m $3.5m

225-25.7%

306-18.6%

33-10.8%

190.0%

36-33.3%

116-28.0%

194-12.2%

25+13.6%

83-5.7%

39+5.4%

81+15.7%

149-20.7%

292-24.2%

195-18.8%

31-39.2%

102-19.0%

469-25.7%

112-9.7%

306+4.4%

36

36

31

53

86

28

43

39

96

54

$966,000

$1,340,000

$685,000

$695,000

$659,000

$3,247,000

$993,000

$1,123,000

$3,364,000

$2,006,000

375

494

3393814

66166

299

13

76

Bellevue Carnation Duvall Kirkland Mercer IslandMedinaBothell Clyde Hill Issaquah

SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY

AVERAGE DOM

Bothell

Carnation

Duvall

Kirkland

Mercer Island

Medina

Clyde Hill

Eastside Area

Issaquah

Bellevue

AVERAGE SOLD PRICE (Nearest $000)

NUMBER OF SALES CLOSED

Bellevue Carnation DuvallClyde Hill Issaquah MedinaBothell Kirkland Mercer Island

INVENTORY IN UNITS - 10/01/2019

EASTSIDE AREABellevue | Bothell | Carnation | Clyde Hill | Duvall | Issaquah

Kirkland | Medina | Mercer Island

6Q3 | 2019 PACIFIC NORTHWEST MARKET REPORT


Jennifer Cameron, Vice President of Global Luxury and Principal Managing Broker of

Coldwell Banker Bain of Lincoln Square,

said, “You might be surprised to know that while

the media typically lumps all national real estate

markets into one report, our markets are vastly

different. New York City prices are down as

much as 40 percent from a year ago while Los

Angeles has had a very stable and consistent

market for the last four years. Seattle and the

Eastside are retracting in the luxury market. The

one commonality between all is that foreign buyers

have disappeared. This means more opportunities

and less competition for buyers.”

EASTSIDE AREA LUXURY

0

100

200

300

400

500

0

200

400

600

800

1000

TOTAL SALES CLOSED

3018

$0 $500k $1m $1.5m $2m $2.5m $3m

225-25.7%

306-18.6%

33-10.8%

190.0%

36-33.3%

116-28.0%

194-12.2%

25+13.6%

83-5.7%

39+5.4%

81+15.7%

149-20.7%

292-24.2%

195-18.8%

31-39.2%

102-19.0%

469-25.7%

112-9.7%

306+4.4%

38

30

30

29

42

25

50

30

53

67

42100

275 30888 88

158

862

506

173

Area Condos

Newcastle North Bend Redmond Renton Sammamish Snoqualmie Woodinville Area Waterfront

(SF Only)

Area Luxury ($2+M / SF+C)


AVERAGE DOMAVERAGE SOLD PRICE (Nearest $000)


Renton

Redmond

Snoqualmie

Sammamish

Newcastle

Woodinville

North Bend

$951,000

$731,000

$1,031,000

$583,000

$775,000

$1,116,000

$1,009,000

$528,00

$1,897,000

$2,874,000

Area Condos

Area Waterfront (SF Only)

Area Luxury ($1+M | SF+C)

EASTSIDE AREANewcastle | North Bend | Renton | Redmond | Sammamish

Snoqualmie | Woodinville

Newcastle North Bend Sammamish SnoqualmieRedmond Renton Area Condos

Area Waterfront

(SF Only)


Woodinville

1926 -19.0%Total Eastside InventoryINVENTORY IN UNITS - 10/01/2019


AREA WATERFRONT

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 88 | 98 | -10.20%AVERAGE SOLD PRICE $1,897,000 | $1,780,000 | 6.57%AVERAGE DAYS ON MARKET 53 | 57 | -7.02%SOLD/LIST PRICE % 97% | 97% | 0%

EASTSIDE AREA

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 3018 | 2938 | 2.72%AVERAGE SOLD PRICE $966,000 | $968,000 | -.21%AVERAGE DAYS ON MARKET 36 | 24 | 50%SOLD/LIST PRICE % 99.% | 100% | -1%

AREA LUXURY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 173 | 137 | 26.28%AVERAGE SOLD PRICE $2,874,000 | $3,131,000 | -8.21%AVERAGE DAYS ON MARKET 67 | 46 | 45.65%SOLD/LIST PRICE RATIO97% | 97% | 0%

AREA CONDOS

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 862 | 908 | -5.07%AVERAGE SOLD PRICE $528,000 | $533,000 | -.94%AVERAGE DAYS ON MARKET 30 | 16 | 87.5%SOLD/LIST PRICE RATIO99% | 100% | -1%

EASTSIDE AREATotal Eastside Area | Area Condos | Area Waterfront | Area Luxury


CARNATION

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 38 | 44 | -13.64%AVERAGE SOLD PRICE $695,000 | $750,000 | -7.33%AVERAGE DAYS ON MARKET 53 | 43 | 23.26%SOLD/LIST PRICE % 99% | 99% | 0%

BELLEVUE

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 375 | 311 | 20.58%AVERAGE SOLD PRICE $1,340,000 | $1,370,000 | -2.19%AVERAGE DAYS ON MARKET 36 | 21 | 71.43%SOLD/LIST PRICE % 99% | 97% | 2%

CLYDE HILL

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 14| 9 | 55.56%AVERAGE SOLD PRICE $3,247,000 | $3,411,000 | -4.81%AVERAGE DAYS ON MARKET 86 | 46 | 86.96%SOLD/LIST PRICE RATIO95% | 95% | 0%

BOTHELL

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 494 | 453 | 9.05%AVERAGE SOLD PRICE $685,000 | $723,000 | -5.26%AVERAGE DAYS ON MARKET 31 | 24 | 29.17%SOLD/LIST PRICE RATIO100% | 100% | 0%

EASTSIDE AREABellevue | Bothell | Carnation | Clyde Hill


ISSAQUAH

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 166 | 214 | -22.43%AVERAGE SOLD PRICE $993,000 | $981,000 | 1.22%AVERAGE DAYS ON MARKET 43 | 28 | 53.57%SOLD/LIST PRICE % 99% | 99% | 0%

DUVALL

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 66 | 88 | -25.00%AVERAGE SOLD PRICE $659,000 | $698,000 | -5.59%AVERAGE DAYS ON MARKET 28 | 34 | -17.65%SOLD/LIST PRICE % 99% | 100% | -1%

MEDINA

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 13 | 11 | 18.18%AVERAGE SOLD PRICE $3,364,000 | $5,539,000 | -39.27%AVERAGE DAYS ON MARKET 96 | 40 | 140%SOLD/LIST PRICE RATIO97% | 95% | 2%

KIRKLAND

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 299 | 305 | -1.97%AVERAGE SOLD PRICE $1,123,000 | $1,075,000 | 4.47%AVERAGE DAYS ON MARKET 39 | 22 | 77.27%SOLD/LIST PRICE RATIO99% | 100% | -1%

EASTSIDE AREADuvall | Issaquah | Mirkland | Medina


NEWCASTLE

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 42 | 32 | 31.25%AVERAGE SOLD PRICE $951,000 | $1,109,000 | -14.25%AVERAGE DAYS ON MARKET 38 | 23 | 65.22%SOLD/LIST PRICE % 98% | 98% | 0%

MERCER ISLAND

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 76 | 79 | -3.80%AVERAGE SOLD PRICE $2,006,000 | $1,919,000 | 4.53%AVERAGE DAYS ON MARKET 54 | 22 | 145.45%SOLD/LIST PRICE % 97% | 99% | -2%

REDMOND

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 275 | 289 | -4.84%AVERAGE SOLD PRICE $1,031,000 | $1,031,000 | 0%AVERAGE DAYS ON MARKET 30 | 19 | 57.89%SOLD/LIST PRICE RATIO100% | 101% | -1%

NORTH BEND

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 100 | 88 | 13.64%AVERAGE SOLD PRICE $731,000 | $661,000 | 10.59%AVERAGE DAYS ON MARKET 30 | 14 | 114.29%SOLD/LIST PRICE RATIO100% | 100% | 0%

EASTSIDE AREAMercer Island | Newcastle | North Bend | Renton | Redmond


SAMMAMISH

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 308 | 286 | 7.69%AVERAGE SOLD PRICE $1,116,000 | $1,133,000 | -1.5%AVERAGE DAYS ON MARKET 42 | 28 | 50%SOLD/LIST PRICE % 99% | 100% | -1%

RENTON

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 506 | 449 | 12.69%AVERAGE SOLD PRICE $583,000 | $568,000 | 2.64%AVERAGE DAYS ON MARKET 29 | 23 | 26.09%SOLD/LIST PRICE % 100% | 100% | 0%

WOODINVILLE

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 158 | 174 | -9.2%AVERAGE SOLD PRICE $1,009,000 | $940,000 | 7.34%AVERAGE DAYS ON MARKET 50 | 23 | 117.39%SOLD/LIST PRICE RATIO98% | 100% | -2%

SNOQUALMIE

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 88 | 106 | -16.98%AVERAGE SOLD PRICE $775,000 | $768,000 | .91%AVERAGE DAYS ON MARKET 25 | 18 | 38.89%SOLD/LIST PRICE RATIO99% | 100% | -1%

EASTSIDE AREARenton | Sammamish | Snoqualmie | Woodinville


SEATTLE Q 3 A R E A M A R K E T R E P O R T




SEATTLE AREA

John Deely, Principal Managing Broker of Lake Union and Madison Park, said, “The

third- quarter Seattle residential market for

the selected areas continued a strong showing

for 2019. Record low interest rates helped propel

buyers into the market as prices leveled off,

compared to previous years. Overall, the Seattle

areas had a decrease in inventory when compared

to the same quarter last year. Most Seattle zip

codes are recording an increase in market time as

buyers approached the market with a more relaxed

attitude. The Ccondominium, Seattle Lluxury

market and the Seattle Wwaterfront continued to

increase in inventory during the third quarter.

The Seattle Lluxury market ($2.5M +) had an 18%+

increase in listings with an average market time of

59 days. There was a total of 59 closings in the

luxury market during the third quarter. The Seattle

waterfront, residential market had a 51%+ increase

in listings with an average market time of 110 days.

There were 29 closings in the Seattle waterfront,

residential market during the third quarter, with the

average price at $1,944M. The selected Seattle

condo market had a 6.9%+ increase in listings

with 388 properties on the market and an average

market time of 41 days. There were 451 closings in

the Seattle Ccondo market during the third quarter

with the average price at $520,000.”

0

100

200

300

400

500

$0 $500 $1m $1.5m $2m $2.5m $3m

226+12.4%

35-10.3%

63+14.5%

62-13.9%

228+14.0%

130-5.8%

78-13.3%

47-27.7%

388+6.9%

53+51.4%

110+18.3%

Ballard / Green Lake

Ballard / Green Lake

Capitol Hill

Capitol Hill

Madison Park

Madison Park

Magnolia

Magnolia

NE Seattle

NE Seattle

Seattle Central

Seattle Central

S. Lake Union/ Queen Anne

S. Lake Union/ Queen Anne

West Seattle

West Seattle



Madison Park

Capitol Hill

NE Seattle

Magnolia

Seattle Area

Seattle Central

West Seattle

S. Lake Union/Queen Anne

Ballard/Green Lake

Area Condos

Area Waterfront (SF Only)Area Luxury ($1+M | SF+C)

SEATTLE AREABallard - Green Lake | Capitol Hill | Madison Park | Magnolia | NE Seattle

Seattle Central | South Lake Union - Queen Anne | West Seattle

32

29

48

28

40

28

38

40

31

41

82

59

TOTAL SALES CLOSED

1456

454

4586

372

451

2959180

102 106111

Area Condos

Area Condos

Area Waterfront

(SF Only)

Area Waterfront

(SF Only)



869 +1.0%Total Eastside InventoryINVENTORY IN UNITS - 10/01/2019

$981,000

$1,492,000

$665,000

$1401,000

$939,000

$1,176,000

$891,000

$1,167,000

$877,000

$502,000

$1,944,000

$2,941,000$4,265,000



SEATTLE AREA

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 1456 | 1284 | 13.4%AVERAGE SOLD PRICE $981,000 | $1,020,000 | -3.82%AVERAGE DAYS ON MARKET 32 | 18 | 77.78%SOLD/LIST PRICE % 99% | 100% | -1%

SEATTLE AREATotal Seattle Area | Area Condos | Area Waterfront | Area Luxury

AREA WATERFRONT

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 29 | 19 | 52.63%AVERAGE SOLD PRICE $1,944,000 | $2,424,000 | -19.80%AVERAGE DAYS ON MARKET 82 | 29 | 182.76%SOLD/LIST PRICE % 93% | 98% | -5%

AREA LUXURY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 59 | 56 | 5.36%AVERAGE SOLD PRICE $2,941,000 | $3,181,000 | -7.54%AVERAGE DAYS ON MARKET 59 | 36 | 63.89%SOLD/LIST PRICE RATIO97% | 97% | 0%

AREA CONDOS

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 451 | 415 | 8.67%AVERAGE SOLD PRICE $502,000 | $534,000 | -5.99%AVERAGE DAYS ON MARKET 41 | 19 | 115.79%SOLD/LIST PRICE RATIO99% | 101% | -2%


CAPITOL HILL

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 45 | 37 | 21.62%AVERAGE SOLD PRICE $1,492,000 | $1,230,000 | 21.30%AVERAGE DAYS ON MARKET 48 | 25 | 92%SOLD/LIST PRICE % 97% | 98% | -1%

MADISON PARK

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 86 | 88 | -2.27%AVERAGE SOLD PRICE $1,401,000 | $1,443,000 | -2.91%AVERAGE DAYS ON MARKET 28 | 19 | 47.37%SOLD/LIST PRICE RATIO97% | 100% | -3%

BALLARD & GREEN LAKE

Q3 2019 | Q3 2018 | % CHANGE


MAGNOLIA

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 111 | 81 | 37.04%AVERAGE SOLD PRICE $1,176,000 | $1,219,000 | -3.53%AVERAGE DAYS ON MARKET 40 | 22 | 81.82%SOLD/LIST PRICE % 99% | 99% | 0%

SEATTLE AREABallard - Green Lake | Capitol Hill | Madison Park | Magnolia


WEST SEATTLE

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 106 | 84 | 26.19%AVERAGE SOLD PRICE $877,000 | $876,000 | .11%AVERAGE DAYS ON MARKET 31 | 18 | 72.22%SOLD/LIST PRICE % 99% | 100% | -1%

SEATTLE AREANE Seattle | Seattle Central | South Lake Union - Queen Anne | West Seattle

NE SEATTLE

Q3 2019 | Q3 2018 | % CHANGE


SEATTLE CENTRAL

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 180 | 157 | 14.65%AVERAGE SOLD PRICE $891,000 | $974,000 | -8.52%AVERAGE DAYS ON MARKET 38 | 23 | 65.22%SOLD/LIST PRICE % 100% | 101% | -1%

SOUTH LAKE UNION & QUEEN ANNE

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 102 | 97 | 5.15%AVERAGE SOLD PRICE $1,167,000 | $1,226,000 | -4.81%AVERAGE DAYS ON MARKET 40 | 21 | 90.48%SOLD/LIST PRICE RATIO98% | 100% | -2%


SOUTH SOUND Q 3 A R E A M A R K E T R E P O R T




SOUTH SOUND AREA

Stephanie Callen, broker in CB Bain’s Puyallup office, said, “For the third quarter

of 2019, Pierce County continues to handle

the overflow from the Seattle market. The average

sold price in Pierce County is $419,000, up 9%

from 2018, but the inventory is down over 30%

from this time last year. Gig Harbor’s average sold

price is $581,000. Its properties are staying on

the market a little longer and inventory is down

more than 23% from the third quarter in 2018.

Puyallup and Graham have the largest change in

the county with 40% fewer homes. North Tacoma

and University Place closed 826 homes with 23

average days on market. Even with fewer homes

to choose from, buyers still have options this fall

as there is not the robust competition they were

experienced this summer.

The luxury single family and condo classification

is the only one with similar inventory compared to

last year. The waterfront market in Pierce County

has an average price of $879,000 and is 15%

below in inventory.

Pierce County’s market still seems to be driven

by new jobs, overflow from our friendly neighbors

to the north looking for affordable housing and

extremely low interest rates. With the low inventory

and high demand, prices in this area may continue

to increase.”

0

500

1000

1500

2000

$0 $300k $600k $900k $1.2m $1.5m

290-23.7%

279-31.1%

380-40.0%

840-31.1%

528-30.9%

80-11.1%

42-38.2%

334-7.7%

172-15.7%

241+1.3%

Gig Harbor Key Peninsula

Gig Harbor Key Peninsula

N. Tacoma Lakewood Univ. Place

N. Tacoma Lakewood Univ. Place

Puyallup/Graham

Puyallup/Graham

SE King County

SE King County

SW King County

SW King County

Bainbridge Island

Bainbridge Island

Silverdale

Silverdale



Gig Harbor/Key Peninsula

North Tacoma / Lakewood/University Place

Puyallup/Graham

SE King County

SW King County

Bainbridge Island

Silverdale

South Sound Area

Area Condos



SOUTH SOUND AREAGig Harbor - Key Peninsula | North Tacoma - Lakewood/University Place | Puyallup - Graham

SE King County | SW King County | Bainbridge Island | Silverdale

28

42

23

24

28

30

39

30

24

54

54

TOTAL SALES CLOSED

5115

386

8261047 990

13570116 148657

1680

Area Condos

Area Condos

Area Waterfront

(SF Only)

Area Waterfront

(SF Only)



2439 -31.5%Total South Sound InventoryINVENTORY IN UNITS - 10/01/2019

$487,000

$581,000

$429,000

$403,000

$512,000

$481,000

$1,025,000

$490,000

$299,000

$879,000

$1,366,000



SOUTH SOUND AREA

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 5115 | 5041 | 1.47%AVERAGE SOLD PRICE $487,000 | $469,000 | 3.84%AVERAGE DAYS ON MARKET 28 | 27 | 3.7%SOLD/LIST PRICE % 100% | 100% | -0%

SOUTH SOUND AREATotal South Sound Area | Area Condos | Area Waterfront | Area Luxury

AREA CONDOS

AREA LUXURY

Q3 2019 | Q3 2018 | % CHANGE


Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 135 | 176 | -23.3%AVERAGE SOLD PRICE $1,366,000 | $1,396,000 | -2.15%AVERAGE DAYS ON MARKET 54 | 75 | -28%SOLD/LIST PRICE % 97% | 97% | 0%

AREA WATERFRONT

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 135 | 176 | -23.3%AVERAGE SOLD PRICE $879,000 | $836,000 | 5.14%AVERAGE DAYS ON MARKET 54 | 51 | 5.88%SOLD/LIST PRICE RATIO97% | 97% | 0%


N. TACOMA, LAKEWOOD & UNIVERSITY PLACE

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 826 | 837 | -1.31%AVERAGE SOLD PRICE $429,000 | $412,000 | 4.13%AVERAGE DAYS ON MARKET 23 | 25 | -8%SOLD/LIST PRICE % 100% | 100% | 0%

PUYALLUP & GRAHAM

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 1047 | 1007 | 3.97%AVERAGE SOLD PRICE $403,000 | $377,000 | 6.9%AVERAGE DAYS ON MARKET 24 | 29 | -17.24%SOLD/LIST PRICE RATIO100% | 100% | 0%

GIG HARBOR & KEY PENINSULA

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 386 | 442 | -12.67%AVERAGE SOLD PRICE $581,000 | $553,000 | 5.06%AVERAGE DAYS ON MARKET 42 | 35 | 20%SOLD/LIST PRICE RATIO99% | 99% | 0%

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 1680 | 1546 | 8.67%AVERAGE SOLD PRICE $512,000 | $495,000 | 3.43%AVERAGE DAYS ON MARKET 28 | 23 | 21.74%SOLD/LIST PRICE % 100% | 100% | 0%

SE KING COUNTY

SOUTH SOUND AREAGig Harbor/Key Peninsula | North Tacoma - Lakewood/University Place

Puyallup/Graham | SE King County


SOUTH SOUND AREASW King County | Bainbridge Island | Silverdale

SW KING COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 990 | 983 | .71%AVERAGE SOLD PRICE $481,000 | $463,000 | 3.89%AVERAGE DAYS ON MARKET 30 | 25 | 20%SOLD/LIST PRICE RATIO100% | 100% | 0%

SILVERDALE

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 70 | 91 | -23.08%AVERAGE SOLD PRICE $490,000 | $381,000 | 28.61%AVERAGE DAYS ON MARKET 30 | 35 | -14.29%SOLD/LIST PRICE RATIO100% | 100% | 0%

BAINBRIDGE ISLAND

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 116 | 135 | -14.07%AVERAGE SOLD PRICE $1,025,000 | $1,032,000 | -.68%AVERAGE DAYS ON MARKET 39 | 44 | -11.36%SOLD/LIST PRICE % 99% | 98% | 1%


NORTH SOUND Q 3 A R E A M A R K E T R E P O R T




Les Scott, Principal Managing Broker for Coldwell Banker Bain of Everett, said,

“Snohomish County is continuing to see high

levels of activity in the third quarter as buyers head

north to find more affordable housing options.

Pending sales were up 19.2% in Snohomish

County overall. Activity varies throughout the area

with Everett pending sales up 4.9%, Lynnwood

down 2% and Marysville up 37.3%. This increase

in pending sales is coming while inventories are

down throughout Snohomish County at 17.3%.

For sellers, they are seeing the time on market

creep up slightly. Average Ddays on Mmarket

for the third quarter have increased from 23

to 29 days for Snohomish County comparing

2018 to 2019. That being said, the time homes

are spending on the market will vary by area.

Lynnwood has seen the time on market grow from

20 to 27 days, while further north in Marysville

and Lake Stevens, they have seen no change

to the time on market, with an average of 20

and 22 days for the same period respectively.

Median time (half of homes selling faster and half

selling slower) for homes to stay on the market is

a bit shorter, with the average being in the high

teens. This reflects some of the stale inventory of

homes based on condition, location or price.

As homes are continuing to sell quickly, prices are

also continuing to rise. While Snohomish County

didn’t experience the price increases of King

County, prices have continued their upward climb,

rising 1.7% in Snohomish County to a median value

of $493,000 and an average value of $537,000.

Median prices in Everett increased 7.4% to

$450,000, Lynnwood’s increased 3.9% to $530,000

and Marysville jumped 10.7% to $415,000.

With low interest rates and the desire to find

affordable housing, the Snohomish County market

should continue to see activity into the near future.”

NORTH SOUND AREA

0

100

200

300

400

500

600

$0 $300k $600k $900k $1.2m $1.5m

99-36.9%

232-3.7%

116-22.1%

183-42.6%

186-15.1%

157-7.1%

278+4.9%

64-20.0%

99-2.0%

Anacortes

Anacortes

Bellingham

Bellingham

Edmonds

Edmonds

Everett

Everett

Lynnwood

Lynnwood

Marysville

Marysville



Bellingham

Edmonds

Everett

Lynnwood

Marysville

Anacortes

North Sound Area

Area Condos



NORTH SOUND AREAAnacortes | Bellingham | Edmonds | Everett

Lynnwood | Marysville

27

54

29

33

22

27

20

27

73

67

TOTAL SALES CLOSED

1868

127

380

197 62 58263

422

561

479

Area Condos

Area Condos

Area Waterfront

(SF Only)

Area Waterfront

(SF Only)



973 -22.4%Total South Sound InventoryINVENTORY IN UNITS - 10/01/2019

$509,000

$571,000

$504,000

$697,000

$468,000

$560,000

$366,000

$422,000

$738,000

$1,300,000



NORTH SOUND AREA

Q3 2019 | Q3 2018 | % CHANGE


AREA CONDOS

AREA LUXURY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 561 | 578 | -2.94%AVERAGE SOLD PRICE $366,000 | $355,000 | 3.1%AVERAGE DAYS ON MARKET 27 | 21 | 28.57%SOLD/LIST PRICE % 100% | 101% | -1%

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 58 | 67 | -13.43%AVERAGE SOLD PRICE $1,300,000 | $1,390,000 | -6.47%AVERAGE DAYS ON MARKET 67 | 60 | 11.67%SOLD/LIST PRICE % 99% | 99% | 0%

AREA WATERFRONT

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 62 | 76 | -18.42%AVERAGE SOLD PRICE $738,000 | $820,000 | -10%AVERAGE DAYS ON MARKET 73 | 51 | 43.14%SOLD/LIST PRICE RATIO97% | 98% | -1%

NORTH SOUND AREATotal North Sound Area | Area Condos | Area Waterfront | Area Luxury


EDMONDSQ3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 197 | 233 | -15.45%AVERAGE SOLD PRICE $697,000 | $711,000 | -1.97%AVERAGE DAYS ON MARKET 33 | 20 | 65%SOLD/LIST PRICE % 99% | 101% | -2%

ANACORTESQ3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 127 | 116 | 9.48%AVERAGE SOLD PRICE $571,000 | $582,000 | -1.89%AVERAGE DAYS ON MARKET 54 | 51 | 5.88%SOLD/LIST PRICE % 99% | 99% | 0%

EVERETTQ3 2019 | Q3 2018 | % CHANGE


BELLINGHAMQ3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 380 | 478 | -20.5%AVERAGE SOLD PRICE $504,000 | $502,000 | .4%AVERAGE DAYS ON MARKET 29 | 28 | 3.57%SOLD/LIST PRICE RATIO99% | 99% | 0%

NORTH SOUND AREAAnacortes | Bellingham | Edmonds | Everett


LYNNWOODQ3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 263 | 281 | -6.41%AVERAGE SOLD PRICE $560,000 | $544,000 | 2.94%AVERAGE DAYS ON MARKET 27 | 20 | 35%SOLD/LIST PRICE % 100% | 100% | 0%

MARYSVILLEQ3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 422 | 363 | 16.25%AVERAGE SOLD PRICE $422,000 | $390,000 | 8.21%AVERAGE DAYS ON MARKET 20 | 20 | 0%SOLD/LIST PRICE RATIO100% | 100% | 0%

NORTH SOUND AREALynnwood | Marysville


PUGET SOUND Q 3 A R E A M A R K E T R E P O R T




PUGET SOUND AREA COUNTIES

Dean Ulrich, Principal Managing Broker

of Coldwell Banker Bain of Bellingham,

“Although the $504,000 average sale price

in Bellingham is up 6.9% compared to one year

ago, the third quarter definitely demonstrated

some cooling of our hot market with appreciation

staying flat (down 0.2%). However average days

on market is just 29, which indicates we are still

in a seller’s market with low inventory. Well priced

homes in popular locations are still receiving

multiple offers.”

0

1000

2000

3000

4000

5000

6000

7000

8000

$0 $200k $400k $600k $800k $1m

4336-19.9%

362-8.8%

567-26.1%

1884-30.1%

405-17.0%

1806-17.3%

723+6.3%

King

King

Island

Island

Kitsap

Kitsap

Pierce

Pierce

Skagit

Skagit

Snohomish

Snohomish

Whatcom

Whatcom

SINGLE FAMILY (SF)


Kitsap

Pierce

Skagit

Snohomish

Whatcom

Island

King

PUGET SOUND AREA COUNTIESKing | Island | Kitsap | Pierce | Skagit | Snohomish | Whatcom

33

42

2829

27

37

29

38

7259

6191279

535 9404299

3327

422

561


$807,000

$466,000

$465,000

$417,000

$420,000

$441,000

$537,000



KITSAP COUNTY

Q3 2019 | Q3 2018 | % CHANGE


KING COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 7259 | 6941 | 4.58%AVERAGE SOLD PRICE $807,000 | $807,000 | 0%AVERAGE DAYS ON MARKET 33 | 23 | 43.48%SOLD/LIST PRICE % 99% | 100% | -1%

PIERCE COUNTY

Q3 2019 | Q3 2018 | % CHANGE


ISLAND COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 535 | 538 | -.56%AVERAGE SOLD PRICE $466,000 | $466,000 | 0%AVERAGE DAYS ON MARKET 42 | 36 | 16.67%SOLD/LIST PRICE RATIO99% | 98% | 1%

PUGET SOUND AREA COUNTIESKing | Island | Kitsap | Pierce


PUGET SOUND AREA COUNTIESSkagit | Snohomish | Whatcom

SKAGIT COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 619 | 575 | 7.65%AVERAGE SOLD PRICE $420,000 | $404,000 | 3.96%AVERAGE DAYS ON MARKET 37 | 37 | 0%SOLD/LIST PRICE % 99% | 99% | 0%

SNOHOMISH COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 3327 | 3212 | 3.58%AVERAGE SOLD PRICE $537,000 | $528,000 | 1.7%AVERAGE DAYS ON MARKET 29 | 23 | 26.09%SOLD/LIST PRICE RATIO100% | 100% | 0%

WHATCOM COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 940 | 945 | -.53%AVERAGE SOLD PRICE $441,000 | $428,000 | 3.04%AVERAGE DAYS ON MARKET 38 | 37 | 2.7%SOLD/LIST PRICE % 99% | 99% | 0%


WATERFRONT Q 3 A R E A M A R K E T R E P O R T




Chris Murphy, a broker in Coldwell Banker Bain of Tacoma Proctor, and author of washingtonwaterfronts.com, said,

“Comprehensively, the seven counties included

in this analysis experienced a 5% decrease in

active waterfront inventory, a 24% decrease in sold

waterfront properties, and a 1.56% increase in the

median price of sold waterfront properties. For

the second quarter in a row, Kitsap County had

the largest increase in waterfront inventory with

a 22.08% increase in properties offered for sale,

relative to the third quarter of 2018. Additionally,

Kitsap experienced another quarter of decreasing

number of properties sold and, for the first

quarter this year, a decrease in median sold price

(-13.02%).

The third quarter of 2019 was the second quarter

in a row that Pierce County has experienced

significant inventory reductions, relative to the prior

year. Consequently, the number of sold waterfront

properties dropped 34% in the third quarter as

compared to 2018. The third quarter median price

of sold waterfront properties increased for the third

quarter in a row to 4.65% more than 2018.

King County experienced its third consecutive

quarter with waterfront inventories greater than the

same quarter in 2018. The number of waterfront

properties sold in the third quarter decreased

14% relative to 2018 and the median sold price

increased to $1.2M from the 2018 third quarter

median sold price of $936,000.

The trends analyzed here illustrate that waterfront

properties must be priced and marketed with

each property’s unique characteristics in mind.

As inventory increases, we encourage waterfront

property owners to resist the urge to test

the market with a record setting listing price.

Rather, we have found the greatest success

in meticulously heeding the characteristics of

recently sold waterfront properties and pricing

our waterfront listings at a market value that aligns

with what most well qualified buyers are willing

to invest.”

WATERFRONT PROPERTIES

0

50

100

150

200

250

300

$0 $300 $600 $900 $1.2m $1.5m

67-13.0%

295-10.9%

106+16.5%

135-21.1%

60-31.8%

110-20.9%

122-3.9%

King

King

Island

Island

Kitsap

Kitsap

Pierce

Pierce

Skagit

Skagit

Snohomish

Snohomish

Whatcom

Whatcom

SINGLE FAMILY (SF) + CONDO


Kitsap

Pierce

Skagit

Snohomish

Whatcom

Island

King

WASHINGTON WATERFRONTKing | Island | Kitsap | Pierce | Skagit | Snohomish | Whatcom

55

59

4529

45

68

43

65

278

66

47105

15113893


$1,310,000

$702,000

$801,000

$692,000

$579,000

$545,000

$510,000



KITSAP COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 105 | 110 | -4.55%AVERAGE SOLD PRICE $801,000 | $883,000 | -9.29%AVERAGE DAYS ON MARKET 45 | 50 | -10%SOLD/LIST PRICE % 97% | 99% | -2%

KING COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 66 | 76 | -13.16%AVERAGE SOLD PRICE $702,000 | $801,000 | -12.36%AVERAGE DAYS ON MARKET 59 | 62 | -4.84%SOLD/LIST PRICE % 98% | 97% | 1%

PIERCE COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 138 | 184 | -25%AVERAGE SOLD PRICE $692,000 | $680,000 | 1.76%AVERAGE DAYS ON MARKET 45 | 51 | -11.76%SOLD/LIST PRICE RATIO97% | 97% | 0%

ISLAND COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 278 | 275 | 1.09%AVERAGE SOLD PRICE $1,310,000 | $1,322,000 | -.91%AVERAGE DAYS ON MARKET 55 | 39 | 41.03%SOLD/LIST PRICE RATIO97% | 98% | -1%

PUGET SOUND AREA COUNTIESKing | Island | Kitsap | Pierce


ISLAND COUNTY

WHATCOM COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 93 | 100 | -7%AVERAGE SOLD PRICE $545,000 | $559,000 | -2.5%AVERAGE DAYS ON MARKET 65 | 88 | -26.14%SOLD/LIST PRICE % 98% | 98% | 0%

SKAGIT COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 47 | 52 | -9.62%AVERAGE SOLD PRICE $579,000 | $570,000 | 1.58%AVERAGE DAYS ON MARKET 68 | 99 | -31.31%SOLD/LIST PRICE % 97% | 97% | 0%

SNOHOMISH COUNTY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 151 | 131 | 15.27%AVERAGE SOLD PRICE $510,000 | $605,000 | -15.7%AVERAGE DAYS ON MARKET 43 | 47 | -8.51%SOLD/LIST PRICE RATIO99% | 99% | 0%

PUGET SOUND AREA COUNTIESSkagit | Snohomish | Whatcom


SOUTHWEST WASHINGTON

Q 3 A R E A M A R K E T R E P O R T




D avid Knode, Principal Managing Broker for Coldwell Banker Bain of Vancouver, said, “As always, with the onset of cooler

weather the market in Clark County also cools

down a bit. Over the last quarter Clark County

is a bit of a mixed bag. The listing inventory

in most areas in the County has dropped a

small percentage while in a few other areas it is

up. However, the overall available inventory is

down about 4% across the entire Clark County

market. So, we are in somewhat of a status quo.

Transactions are still being written, however not

at the same rate as earlier this year. Buyers are

taking their time in deciding on which house to

make an offer on. Interest rates are very favorable

for buyers, with potential further drops in rates on

the horizon. Pending sales for the quarter in Clark

County were still somewhat strong, however when

we mix strong pending sales and lower inventory,

I see a pinch toward the beginning of the year

for buyers.”

SOUTHWEST WASHINGTON

$0 $100k $200k $300k $400k $500k $600k

$0k $100k $200k $300k $400k $500k $600k

0

50

100

150

200

250

300

350

400

0

50

100

150

200

250

300

25-7.4%

232+55.7%

98-11.7%

67-17.3%

305+2.3%

235+5.4%

130-46.7%

169+10.5%

165+3.1%

35-16.7%

6-53.8%

144-13.3%

49-41.0%

118-30.6%

FishersLanding

FishersLanding

Camas

Camas

Washougal

Washougal

Heights/ Cascade Park


Brush Praire

Brush Praire

Hockinson

Hockinson

Orchards

Orchards



Washougal


Brush Praire

Hockinson

Orchards

Camas

Fishers Landing

SOUTHWEST WASHINGTON Fishers Landing | Camas | Washougal | Heights - Cascade Park

Brush Praire | Hockinson | Orchards

22

44

35

33

37

35

23

22156

115 117181

363

272

561


$406,000

$543,000

$451,000

$417,000

$473,000

$349,000

$482,000



$0 $100k $200k $300k $400k $500k $600k

$0k $100k $200k $300k $400k $500k $600k0

50

100

150

200

250

300

350

400

0

50

100

150

200

250

300

25-7.4%

232+55.7%

98-11.7%

67-17.3%

305+2.3%

235+5.4%

130-46.7%

169+10.5%

165+3.1%

35-16.7%

6-53.8%

144-13.3%

49-41.0%

118-30.6%

Ridgefield Battleground Woodland La Center Salmon Creek Felida

Ridgefield Battleground Woodland La Center Salmon Creek Felida Vancouver

Vancouver



Woodland

La Center

Salmon Creek

Felida

Vancouver

Battleground

Ridgefield

SOUTHWEST WASHINGTON Ridgefield | Battleground | Woodland | La Center

Salmon Creek | Felida | Vancouver

58

32

37

42

38

44

24

946

105

191

133

219259


$504,000

$421,000

$506,000

$539,000

$429,000

$360,000

$486,000



WASHOUGAL

Q3 2019 | Q3 2018 | % CHANGE


FISHERS LANDING

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 56 | 58 | -3.45%AVERAGE SOLD PRICE $406,000 | $412,000 | -1.46%AVERAGE DAYS ON MARKET 22 | 23 | -4.35%SOLD/LIST PRICE % 100% | 99% | 1%

HEIGHTS & CASCADE PARK

Q3 2019 | Q3 2018 | % CHANGE


CAMAS

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 115 | 120 | -4.17%AVERAGE SOLD PRICE $543,000| $586,000 | -7.34%AVERAGE DAYS ON MARKET 44 | 30 | 46.67%SOLD/LIST PRICE RATIO99% | 98% | 1%

SOUTHWEST WASHINGTON Fishers Landing | Camas | Washougal | Heights - Cascade Park


SOUTHWEST WASHINGTON Brush Praire | Hockinson | Orchards | Ridgefield

BRUSH PRAIRE

Q3 2019 | Q3 2018 | % CHANGE


HOCKINSON

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 181 | 202 | -10.4%AVERAGE SOLD PRICE $482,000| $451,000 | 6.87%AVERAGE DAYS ON MARKET 35 | 38 | -7.89%SOLD/LIST PRICE RATIO99% | 99% | 0%

ORCHARDS

Q3 2019 | Q3 2018 | % CHANGE


RIDGEFIELD

Q3 2019 | Q3 2018 | % CHANGE



LA CENTER

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 9 | 4 | 125%AVERAGE SOLD PRICE $539,000 | $462,000 | -16.67%AVERAGE DAYS ON MARKET 42 | 23 | 82.61%SOLD/LIST PRICE % 100% | 99% | -1%

BATTLEGROUND

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 219 | 169 | 11.73%AVERAGE SOLD PRICE $421,000 | $418,000 | .72%AVERAGE DAYS ON MARKET 32 | 35 | -8.57%SOLD/LIST PRICE % 100% | 99% | 1%

WOODLAND

SALMON CREEK

Q3 2019 | Q3 2018 | % CHANGE


Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 191 | 189 | 1.06%AVERAGE SOLD PRICE $429,000 | $443,000 | -3.16%AVERAGE DAYS ON MARKET 38 | 42 | -9.52%SOLD/LIST PRICE RATIO99% | 100% | -1%

SOUTHWEST WASHINGTON Battleground | Woodland | La Center | Salmon Creek


SOUTHWEST WASHINGTON Felida | Vancouver

FELIDA

VANCOUVER

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 105 | 92 | 14.13%AVERAGE SOLD PRICE $486,000 | $466,000 | 4.29%AVERAGE DAYS ON MARKET 44 | 29 | 51.72%SOLD/LIST PRICE % 99% | 100% | -1%

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 259 | 252 | 2.78%AVERAGE SOLD PRICE $360,000 | $334,000 | 7.78%AVERAGE DAYS ON MARKET 24 | 26 | -7.69%SOLD/LIST PRICE % 99% | 100% | -1%


$0 $100k $200k $300k $400k $500k

0

500

1000

1500

2000

2500

1582-8.7%

209-24.8%

Clark County

Clark County

Cowlitz County

Cowlitz County



Cowlitz County

Clark County

SOUTHWEST WASHINGTON COUNTIES Clark County | Cowlitz County

34

35


$432,000

$304,000


2162

391


PORTLAND Q 3 A R E A M A R K E T R E P O R T




D avid Sly, Principal Managing Broker of Coldwell Banker Bain of Portland Uptown office, said, “Looking back at

the third quarter, we see an overall decrease in

inventory throughout Portland and the surrounding

areas. While the Portland Metro area has seen

a large number of homes close in the summer

months, homes are sitting longer on the market,

averaging 32 days or more and we are seeing

signs of downward price adjustments in certain

submarkets. At a broader glance, Multnomah

County saw the largest decrease in listing

inventory at -13.5% with an average of 31 days

on market when compared to the same time last

year. Washington County matched Multnomah

County’s average days on market, however its

inventory has seen an almost 1% increase. This

variance could signal a plateauing in the market

for the upcoming colder months.”

Brian Houston, Principal Managing Broker of Coldwell Banker Bain of Portland West, said, “Listings in the Beaverton/

Aloha area are up over last year by 18.8% while

listings in all of Washington County are up 0.9%.

The Beaverton/Aloha/Washington County market

area remains flat in closed sales compared to

same time period last year. Days on Market is

slowly rising due to a seasonal adjustment with

Beaverton/Aloha at 28 DOM and Washington

County at 31 DOM.

We are finding that buyers are taking their time

in looking for and making an offer on a home. If

sellers are not willing to make concessions or do

repairs then buyers are moving on to the

next property.”

PORTLAND OREGON

0

200

400

600

800

1000

1200

$0 $300k $600k $900k $1.2m $1.5m

166-17.8%

410-13.3%

560-12.2%

520-10.7%

344-16.5%

512-8.6%

328+18.8%

1131-0.3%

573-2.4%

North Portland

North Portland

Northeast Portland

Northeast Portland

West Portland/Raleigh Hills

West Portland/Raleigh Hills

Lake Oswego/West Linn


Milwaukie/Gladstone/

Happy Valley

Milwaukie/Gladstone/

Happy Valley

Beaverton/Aloha

Beaverton/Aloha



West Portland/ Raleigh Hills


Milwaukie/Gladstone Happy Valley

Beaverton/Aloha

Northeast Portland

Southeast Portland

North Portland

Portland Area

Area Condos


36

27

27

31

38

43

34

28

40

6363

TOTAL SALES CLOSED

3697

268

610

809

209384

597 525

1059561

504

Area Condos

Area Condos

Area Waterfront

(SF Only)

Area Waterfront

(SF Only)



2840 -9.6%Total Portland Area InventoryINVENTORY IN UNITS - 10/01/2019

$527,000

$435,000

$515,000

$438,000

$690,000

$774,000

$467,000

$332,000

$451,000

$1,425,000


PORTLAND OREGON REGIONNorth Portland | Northeast Portland | West Portland - Raleigh Hills

Lake Oswego - West Linn | Milwaukie - Gladstone - Happy Valley | Beaverton - Aloha


NORTH PORTLAND

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 268 | 265 | 1.13%AVERAGE SOLD PRICE $435,000 | $429,000 | 1.4%AVERAGE DAYS ON MARKET 27 | 25 | 8%SOLD/LIST PRICE % 100% | 101% | -1%

PORTLAND AREA

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 3697 | 3823 | -3.3%AVERAGE SOLD PRICE $527,000 | $514,000 | 2.53%AVERAGE DAYS ON MARKET 33 | 30 | 10%SOLD/LIST PRICE % 99% | 99% | 0%

AREA CONDOS

AREA LUXURY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 1059 | 1014 | 4.44%AVERAGE SOLD PRICE $332,000 | $335,000 | -.9%AVERAGE DAYS ON MARKET 40 | 33 | 21.21%SOLD/LIST PRICE % 99% | 99% | 0%

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 209| 213 | -1.88%AVERAGE SOLD PRICE $1,425,000 | $1,520,000 | -6.25%AVERAGE DAYS ON MARKET 63 | 54 | 16.67%SOLD/LIST PRICE % 96% | 96% | 0%

PORTLAND OREGON REGIONTotal Portland Area | Area Condos | Area Luxury | North Portland


WEST PORTLAND & RALEIGH HILLS

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 504 | 482 | 4.56%AVERAGE SOLD PRICE $690,000 | $702,000 | -1.71%AVERAGE DAYS ON MARKET 38 | 37 | 2.7%SOLD/LIST PRICE % 98% | 98% | 0%

LAKE OSWEGO & WEST LINN

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 384 | 364 | 5.49%AVERAGE SOLD PRICE $774,000 | $804,000 | -3.73%AVERAGE DAYS ON MARKET 43 | 39 | 10.26%SOLD/LIST PRICE RATIO98% | 97% | 1%

NORTHEAST PORTLAND

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 610 | 621 | -1.77%AVERAGE SOLD PRICE $515,000 | $476,000 | 8.19%AVERAGE DAYS ON MARKET 27 | 29 | -6.9%SOLD/LIST PRICE RATIO100% | 100% | 0%

PORTLAND OREGON REGIONNortheast Portland | West Portland - Raleigh Hills | Lake Oswego - West Linn


MILWAUKIE, GLADSTONE & HAPPY VALLEY

Q3 2019 | Q3 2018 | % CHANGE


BEAVERTON & ALOHA

Q3 2019 | Q3 2018 | % CHANGE


PORTLAND OREGON REGIONMilwaukie - gladstone - Happy Valley | Beaverton - Aloha


BEND Q 3 A R E A M A R K E T R E P O R T




B randon Fairbanks, Principal Managing Broker of Coldwell Banker Bain of Portland Uptown office, said, “Bend continues to

draw visitors from around the world as the summer

months offer an endless opportunity for outdoor

recreation. As I watch these vacationers floating

the Deschutes River for the first time or enjoying

the downhill mountain biking park at Mt. Bachelor,

I can’t help but overhear conversations about

dreaming of a life in Bend. The real estate market

in Bend remains very active with multiple offers on

the well-priced properties in certain price ranges.

The average sales price in the third quarter was up

9% over the same quarter the previous year with

inventory levels down 9.6%. The number of sold

homes has remained relatively the same at 861

units. Months of inventory is a number which I pay

close attention to as five to six months of inventory

is a balanced market; less than that will result in

price appreciation, as more months of inventory

puts downward pressure on prices, or is a buyer’s’

market. The current months of inventory in Bend,

on average, is 2.7 months, down from three months

during this same period last year. This is a sign that

prices will continue to increase as the supply of

homes can’t keep up with demand. Of course, this

changes in different price points -- for instance,

homes in Bend priced over $1 million currently

have 6.7 months of inventory, down 21% from the

same quarter one year ago. Bend still offers an

incredible value compared to the housing prices

in most of the markets from which our buyers are

moving, coupled with a lifestyle most can only

dream about. I expect Bend to continue to be a

solid real estate market in the years to come. ”

BEND OREGON

894-18.3%

91-20.9%

0

200

400

600

800

1000

$0 $300k $600k $900k $1.2m $1.5m

Bend

Bend



95

113

67892




$892,000

$1,462,000


BEND OREGON Bend | Area Luxury

Bend


BEND AREA

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 892 | 808 | +10.4%

AVERAGE SOLD PRICE $572,000 | $561,000 | +1.96%

AVERAGE DAYS ON MARKET 95 | 110 | -14.6%

SOLD/LIST PRICE % 98.0% | 98.0% | 0.0%

AREA LUXURY

Q3 2019 | Q3 2018 | % CHANGE

TOTAL HOMES SOLD 67 | 33 | +103.3%

AVERAGE SOLD PRICE $1,462,000 | $1,345,000 | +8.7%

AVERAGE DAYS ON MARKET 113 | 138 | -18.12%

SOLD/LIST PRICE % 96.0% | 96.0% | 0.0%


*Information and statistics derived by CB Bain from the Northwest Multiple Listing Service (NWMLS) each quarter. Statistics not compiled or published by the NWMLS.

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