Jul. 6, 2007 - Homes Sales in King County 2007

Other than Inventory being a little overstated, the King County stats in the $400,000 to $600,000 range don't differ a lot from my normal microcosm of Kirkland, Bellevue and Redmond stats.  I think wen you do all of King County, the higher end doesn't sell as well as the K-B-R area.  Other than that, nothing of great note here as far as I can see.

I don't use average sale price as a sign of appreciation the way that many do. I use apples to apples specifics for that.  I'm seeing a 25% to 75% overall gain for people who bought to years ago and are selling now, depending on product and area.  The higher appreciation for the lower priced properties, generally speaking.  Under $200,000 gaining more than the $400,000 to $600,000 properties due to a number of reasons, most importantly being "you buy it because it's there and can afford it" and don't fine tune value as much.

It's been an interesting stat calculation time.  I'll post the two big 6 mo charts over at Rain City Guide for the masses who just want an overview.  The many and more detailed charts will only appear here on my blog.