Well, October is gone and so is daylight savings time! Hard to get used to the darkness so early. Wonder why they can’t just leave it alone?
October was a pretty good month for sales: 19 Residential Sales ranging from $40,000 to $386,103. Median price was $180,000. For the same period last year there were only 9 sales but the median price was $183,000. 4 of these were REO properties. (REO properties are bank owned properties)
Condo Sales: just two last month, $105,000 and $137,500. One of those was an REO property. October of 2008 also had two sales but they were $230,000 and $290,000.
Vacant Land: 7 sales with a low of $16,000 and a high of $95,000. In 2008 there were just 5 sales from $30,000 to $89,500.
Currently there are 288 residential listings (active and/or pending), 52 condos and 300 vacant land.
Here’s some info, courtesy of the Northwest Multiple Listing Service:
KIRKLAND, Wash. (Nov. 5, 2009) – Credit the tax credit and its impending expiration deadline for a surge in home sales last month. Members of Northwest Multiple Listing Service reported a 63 percent jump in pending sales during October compared to the same month a year ago, a gain many brokers attribute to a tax credit that is set to expire at midnight on Nov. 30.
Every county except Okanogan reported double-digit gains in pending sales (mutual acceptance of an offer). Collectively, NWMLS brokers notched 7,235 pending sales during October. A year ago, they reported 4,445 pending transactions.
Northwest Multiple Listing Service, owned by its member brokers, is the largest full-service MLS in the Northwest. Its membership includes more than 24,000 brokers and agents. The organization, based in Kirkland, currently serves 19 counties in western and central Washington.
