Aug. 16, 2009 - Woodinville Home Prices

Woodinville Home Prices are down about 20% from peak values.

About 70% of the people who tried to sell their homes this year, were not able to sell them. This matches the stats I remember from the last recessionary period where only 3 in every 10 home sellers were able to sell their homes.

109 people sold their homes and 251 are still trying to sell them. 66% of the 251 people trying to sell their homes have asking prices over the median sold prices.

The median asking price of homes currently for sale is OVER the median price at peak pricing. Peak median prices in Woodinville in 2006 and 2007 was $625,000. The median asking price today for those NOT sold is $649,000.

The market is down 20% from peak pricing, yet many sellers are still asking not only peak prices, but over peak prices. I'm not really sure how that can be, but for the 3 out of 10 people who are selling their homes, the fact that many people are being unrealistic, is helping them get theirs sold.

(NWMLS requires this disclosure: Statistics are not compiled, verified or posted by The Northwest Mulltiple Listing Service.)