Originally published January 25, 2013 at 8:00 AM | Page modified January 26, 2013 at 7:46 AM
What we bought in 2012 | Local housing snapshot
2012: The year the housing market turned.
By the numbers
Highlights from Northwest Multiple Listing Services report for 21 counties in 2012:
$21.6 million
The highest priced single-family home sold for a three-acre waterfront estate on Mercer Island
$4.3 million
The highest priced condo sold, a penthouse at Fifteen Twenty-one Second Avenue in downtown Seattle
$331,888
Median price for newly built 930 condos sold
$299,950
Median price for 7,170 newly built single-family homes that sold
$245,000
Median price for single-family homes and condos sold
$229,000
Median price for a 3-bedroom home sold
64,622
The number of closed sales
8,900
The number of condos sold
1,116
Number of single-family homes sold priced at $1 million or more
138
Number of condos sold priced at $1 million or more
Four-county stats
• 42,160 single-family homes changed hands
• 8,169 condos changed hands.
• $16.8 billion total transaction value
King County
• 54 percent of sales in four-county region
• $11.1 billion total transaction value
• 21,540 single family homes sold, with an average price of $441,059; one third were on the Eastside
• 945 homes soldfor more than a million dollars; 66 percent were on the Eastside
• 5,715 condos were sold with an average price of $272,000
• 138 condos soldfor at least a million dollars
Snohomish County
• 21 percent of sales in four-county region
• $2.8 billion in transactions
• 8,961 single-family homes sold with an average price of $284,228
• $3.6 million: highest-priced transaction
• 34 sold for more than a million dollars
• 1,670 condos changed hands with an average price of $167,679
Pierce County
• 19 percent of sales in four counties
• $2.1 billion in transactions
• 8,967 single-family homes sold with an average price of $220,193
• 22 sold for more than a million dollars
• 621 condos changed hands with an average price of $159,879
Kitsap County
• 5.7 percent of sales in four counties
• $819 million in transactions
• 2,692 single family homes sold with an average price of $291,569
• 55 sold for more than a million dollars
• 163 condos changed hands with an average price of $209,569
For the first time since the housing bubble burst in 2007, median prices of single family homes increased last year, giving owners hope and signaling to potential buyers that it may be time to jump into the market. 2012 was also marked by low inventory and tight lending standards. Many of the most successful buyers were firms and investors paying cash. Here is a snaphot of the housing market through statistics complied by the Northwest Multiple Listing Service.
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