What a difference a year makes. Record low interest rates, a significant shortage of inventory, continued strong hiring by Amazon, Microsoft and a slew of smaller to midsize companies and a general belief that the market has hit bottom has resulted in strong appreciation for most Seattle home owners and sellers in 2012.

For the 11th consecutive month the median sale price for single-family homes sold in Northwest Seattle, including Wallingford, met or exceeded the sale price for the same period a year prior.  Much of this trend can be attributed to a 41% decrease in the supply of homes …

For the 11th consecutive month the median sale price for single-family homes sold in Northwest Seattle, including Wallingford, met or exceeded the sale price for the same period a year prior. Much of this trend can be attributed to a nearly 50% decrease in the supply of homes compared to the previous year.

The median sale price for single-family homes in NW Seattle was $420,000 for November compared to $379,000 for November of 2011. The average sale price for NW Seattle was $438,838 for November versus just $420,285 in November 2011.

Wallingford single family sale prices ranged from $380,000 to …

Wallyhood sponsor John Madrid is a Managing Broker with John L. Scott Real Estate – University Village and is a 2005-2012 Seattle Magazine “Five Star” Agent. His clients include both home buyers and sellers. He can be reached at 206-498-1880,
[email protected] or www.live206.com. Every month, John will provide us with updates on the housing market in the neighborhood. Here’s his update for September:

For the 9th consecutive month the median sale price for single-family homes sold in Northwest Seattle, including Wallingford, met or exceeded the sale price for the same period a year prior.  Much of this trend can be …