October, 2016 MTD MARKET UPDATE Data Current Through: October, 2016 (NWMLS Areas: 140, 380, 385, 390,, 701, 705, 710) Summary Active, Pending, & Months Supply of Inventory 4,500 4,000 3,500 4,197 4,128 7.1 3,599 3,788 Active Listings MTD Pending Sales MTD Months of Inventory 8 mo. 7 mo. 6 mo. 3,000 2,500 2,000 1,500 1,000 500 5.3 786 578 3.8 951 5.4 706 2,561 3.3 776 1, 1,567 1,312 1,066 1,071 1,134 982 1,021 933 916 1.5 1.5 1.2 0.9 0.8 5 mo. 4 mo. 3 mo. 2 mo. 1 mo. 0 0 mo.,000 Median Closed Sales Price for Current Month Closings,000 $575,000 500,000 400,000 $396,250 $375,000 $378,500 $385,000 $343,000 $375,000 $429,900 $458,725 $493,000,000 200,000,000-5% 1% Year 0 Rank (Multiple Items) 2% -11% 9% 15% 7% 7% 17% Current Year Yes
October MTD MARKET UPDATE Data Current Through: October, 2016 (NWMLS Areas: 140, 380, 385, 390,, 701, 705, 710) Summary What Are The Odds of Selling? 20,000 % 18,000 17,712 17,134 88% 89% 90% 16,000 14,000 12,000 10,000 8,000 64% 11,378 47% 8,103 15,182 15,012 49% 44% 7,369 6,701 11,925 59% 7,033 75% 10,705 8,064 80% 79% 12,243 12,424 9,765 9,785 12,120 10,719 12,463 11,090 80% 70% 60% 50% 40% 6,000 30% 4,000 20% 2,000 10% 0 New Listings (Trailing 12 Mo.) Closed Sales (Trailing 12 Mo.) Closed Vs. New Listings 0% Percentage of Pending Sales that do not Close 14,000 12,000 10,000 8,000 6,000 11,734 11,378 8,883 8,103 27 % 24 % 9,127 9,146 9,281 19 % 7,369 6,701 7,033 10,746 25 % 8,064 11,934 11,990 9,765 9,785 18 % 18 % 12, 16 % 10,719 12,430 11,090 30% 25% 20% 15% 4,000 9 % 11 % 10% 2,000 3 % 5% 0 Pending Sales (Trailing 12 Mo.) Closed Sales (Trailing 12 Mo.) Closed Vs. Pending Listings 0%
(NWMLS Areas: 140, 380, 385, 390,, 701, 705, 710) Summary SOLD ABOVE LIST PRICE (Current Month) % Sold Above List Price 41% 413 % Sold At List Price % Above List Price MEDIAN 6% SOLD AT LIST PRICE (Current Month) 8 19% 193 % Sold Below List Price SOLD BELOW LIST PRICE (Current Month) % Below List Price MEDIAN 23 17% -3% 24 176 PRICE CHANGE BEFORE SALE (Current Month) % Sold With Price 22% 49 227
Months Area Inventory Area Inventory 2016 2015 2016 2015 1.1 1.3 0.7 0.9 1.3 1.1 1.0 0.8 120 1.2 1.1 1.2 1.5 1.3 1.3 0.9 1.1 140 0.7 0.9 0.6 1.1 1.7 2.0 0.9 1.4 1.6 1.9 1.0 1.0 1.3 1.4 705 0.6 0.6 330 1.4 1.4 710 0.7 0.8 1.1 1.1 715 1.2 0.5 350 1.1 1.0 720 1.1 0.7 1.3 1.2 1.0 1.1 380 1.1 0.8 0.9 1.4 385 0.9 1.6 1.7 1.7 390 1.0 1.0 1.4 1.8 500 0.7 1.3 1.4 1.9 2.8 1.7 3.9 2.0 520 1.8 2.1 Months 0-3 3-6 6+ SELLER'S ADVANTAGE BALANCED ADVANTAGE 3 YEARS AGO BUYER'S ADVANTAGE Months Supply of Inventory CURRENT MONTH KING & SNOHOMISH COUNTY Residential & Condominium 705 710 Edmonds 390 Mountlake Terrace 520 Kirkland Redmond 2 YEARS AGO 1 YEAR AGO Edmonds Mountlake Edmonds Mountlake Edmonds Mountlake 705 Kirkland Redmond 710 390 520 705 Kirkland Redmond 710 390 520 705 Kirkland Redmond 710 390 520
10.3 % 10.1 % 9.3 % 8.4 % 7.3 % 8.4 % 7.9 % 7.8 % 7.6 % 6.9 % 7.4 % 8.1 % 7.0 % 6.5 % 5.8 % 5.8 % 5.9 % 6.4 % 6.3 % 6.0 % 5.0 % 4.7 % 4.5 % 3.7 % 4.0 % 4.2 % 3.9 % 3.5 % $1,275 $1,587 $1,466 $1,389 $1,271 $1,485 $1,477 $1,518 $1,626 $1,714 $1,995 $2,312 $2,144 $2,151 $2,078 $2,302 $2,136 $2,020 $2,459 $2,398 $2,357 $2,695 $2,642 $2,747 $2,907 $3,244 $3,172 $3,509 MARKET UPDATE Data Current Through: October, 2016 Monthly Payments Vs. Appreciation Trendline King County (RESIDENTIAL ONLY) Monthly Payments (principal + interest) based on average price and interest rate King County Annual Average Residential Closed Sales Price (with interest rate in bars) $,000 Appreciation Trend Line represents Consumer PRice Index: all items, all urban consumers $,000 $500,000 $400,000 $,000 $200,000 $,000 $0 The Cost of Waiting a Year Sales Price to List Price based on Market Time King County Median Price Rate 30-Year-Fixed P&I Principal & Interest Market Time (DOM) Median SP to Original LP % Median SP to Last LP % Total Units % of Total October, 2016 $575,000 3.47% $2,572 < 15 101.6% 101.6% 678 67.2% October, 2015 $493,000 3.80% $2,297 15-30 97.5% 99.0% 149 14.8% $82,000-0.33% $275 Per Month $3,303 Per Year 31-60 95.2% 98.4% 112 11.1% 61-90 93.2% 97.3% 33 3.3% 90+ 95.0% 99.0% 37 3.7% Totals 1,009.0%
(NWMLS Areas: 140, 380, 385, 390,, 701, 705, 710) Summary Report JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC MTD % YTD Summary YTD % 2016 # of Active Listings 613 651 712 864 837 852 994 938 1,173 916-2% 855 AVG -2% # of Pending Transactions 649 867 1,144 1,149 1,367 1,273 1,140 1,205 1,142 1,134 11% 11,070 YTD -3% Months Supply of Inventory 0.9 0.8 0.6 0.8 0.6 0.7 0.9 0.8 1.0 0.8-12% 0.8 AVG 0% # of Closed Sales 502 608 813 952 1,027 1,263 1,171 1,169 1,074 1,009 5% 9,588 YTD 4% Median Closed Price 538,500 554,225 552,000 564, 579,000 585,000 599,000 599,000 580,000 575,000 17% 576,922 WA 15% 2015 # of Active Listings 755 797 803 854 898 873 890 915 1,004 933 663 438-29% 872 AVG -31% # of Pending Transactions 783 855 1,214 1,424 1,336 1,336 1,204 1,102 1,106 1,021 840 520-5% 11,381 YTD 7% Months Supply of Inventory 1.0 0.9 0.7 0.6 0.7 0.7 0.7 0.8 0.9 0.9 0.8 0.8-25% 0.8 AVG -35% # of Closed Sales 539 775 958 1,099 1,181 1,189 1,011 968 959 691 811 2% 9,189 YTD 10% Median Closed Price 464,000 442,500 489,950 494,000 499,999 516,000 517,500 536,000 507,500 493,000 515,000,000 7% 501,497 WA 13% 2014 # of Active Listings 1,026 1,036 1,044 1,169 1,382 1,429 1,492 1,363 1,478 1,312 1,041 749-16% 1,273 AVG -7% # of Pending Transactions 764 859 1,079 1,127 1,214 1,221 1,131 1,093 1,071 1,071 804 585 0% 10,630 YTD 0% Months Supply of Inventory 1.3 1.2 1.0 1.0 1.1 1.2 1.3 1.2 1.4 1.2 1.3 1.3-17% 1.2 AVG -6% # of Closed Sales 525 783 829 961 1,008 1,006 914 877 940 742 788 3% 8,353 YTD -1% Median Closed Price 423,500 427,000 416,000 426,000 449,250 450,000 470,000 435,000 452,000 458,725 447,475 459,500 7% 443,240 WA 7% 2013 # of Active Listings 978 1,040 1,069 1,146 1,389 1,511 1,581 1,671 1,709 1,567 1,239 960 4% 1,366 AVG -20% # of Pending Transactions 748 877 1,111 1,134 1,190 1,208 1,197 1,070 1,062 1,066 811 549 9% 10,663 YTD 12% Months Supply of Inventory 1.3 1.2 1.0 1.0 1.2 1.3 1.3 1.6 1.6 1.5 1.5 1.7-4% 1.3 AVG -31% # of Closed Sales 521 512 726 836 1,015 967 1,054 1,032 856 917 724 708 21% 8,436 YTD 21% Median Closed Price 356,000 377,500 409,850 409,250 415,000 420,000 430,000 425,000 419,925 429,900 424,500 420,000 15% 413,857 WA 11% MONTHLY AVERAGES BASED ON HISTORICAL DATA 2006-2015 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Annual Totals # of Active Listings 2,061 2,175 2,271 2,432 2,561 2,611 2,670 2,629 2,762 2,635 2,297 1,789 2,408 AVG % of 12 Month Avg. 86% 90% 94% 101% 106% 108% 111% 109% 115% 109% 95% 74% # of Pending Transactions 691 817 1,038 1,089 1,089 1,075 972 948 899 893 721 541 10,771 T % of 12 Month Avg. 77% 91% 116% 121% 121% 120% 108% 106% % 99% 80% 60% Months Supply of Inventory 3.0 2.7 2.2 2.2 2.4 2.4 2.7 2.8 3.1 3.0 3.2 3.3 2.7 AVG % of 12 Month Avg. 109% 97% 80% 82% 86% 89% % 101% 112% 108% 116% 121% # of closed units 500 508 782 897 952 900 856 766 778 658 655 8,992 T % of 12 Month Avg. 67% 68% 99% 104% 120% 127% 120% 114% 102% 104% 88% 87% AVG = Average, YTD = Year to Date, WA = Weighted Average, T = Total
(NWMLS Areas: 140, 380, 385, 390,, 701, 705, 710) Summary Report JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC MTD % YTD Summary YoY % 2012 # of Active Listings 1,832 1, 1,709 1,722 1,733 1,773 1,718 1,664 1,781 1, 1,257 966-41% 1,717 AVG -39% # of Pending Transactions 641 891 1,071 1,069 1,097 996 927 922 888 982 746 525 27% 9,484 YTD 16% Months Supply of Inventory 2.9 1.9 1.6 1.6 1.6 1.8 1.9 1.8 2.0 1.5 1.7 1.8-53% 1.9 AVG -47% # of Closed Sales 433 444 617 706 836 891 794 780 705 758 723 606 33% 6,964 YTD 16% Median Closed Price 318,000 329,250 359,500 392, 393,000 392,000 382, 380,000 370,000 375,000 392,000 395,000 9% 374,239 WA 5% 2011 # of Active Listings 2,711 2,799 2,775 2,954 2,927 2,999 2,931 2,801 2,788 2,561 2,256 1,826-32% 2,825 AVG -26% # of Pending Transactions 635 731 928 884 944 880 813 849 748 776 683 579 10% 8,188 YTD 3% Months Supply of Inventory 4.3 3.8 3.0 3.3 3.1 3.4 3.6 3.3 3.7 3.3 3.3 3.2-38% 3.5 AVG -31% # of Closed Sales 394 403 630 625 673 765 640 684 593 571 8% 5,978 YTD -1% Median Closed Price 363,500 347,500 357,500 361,000 365,000 353,500 365,000 350,050 362,000 343,000 325,000 339,000-11% 356,932 WA -7% 2010 # of Active Listings 2,973 3,297 3,659 3,960 3,999 4,076 4,227 4,171 4,068 3,788 3,321 2,611 5% 3,822 AVG 5% # of Pending Transactions 657 817 1,109 1,257 703 714 652 661 681 706 596 497-26% 7,957 YTD -4% Months Supply of Inventory 4.5 4.0 3.3 3.2 5.7 5.7 6.5 6.3 6.0 5.4 5.6 5.3 42% 5.1 AVG 9% # of Closed Sales 459 429 704 705 808 771 642 533 477 527 476 579-32% 6,055 YTD 3% Median Closed Price 390,000 371,500 361,500 385,000 385,000 371,000 411,250 384,985 387,500 385,000 372,250 365,000 2% 382,886 WA 3% 2009 # of Active Listings 3,220 3,555 3,641 3,670 3,716 3,667 3,788 3,697 3,685 3,599 3,169 2,553-13% 3,624 AVG -12% # of Pending Transactions 485 517 900 971 989 869 904 978 951 633 556 65% 8,264 YTD 9% Months Supply of Inventory 6.6 6.9 5.2 4.1 3.8 3.7 4.4 4.1 3.8 3.8 5.0 4.6-47% 4.6 AVG -16% # of Closed Sales 342 435 462 606 787 777 689 710 777 705 609 32% 5,905 YTD -12% Median Closed Price 380,000 359,475 350,000 369,975 375,000 385,000 364,900 375,000 376,000 378,500 366,000 375,000 1% 372,798 WA -9% 2008 # of Active Listings 3,426 3,650 3,935 4,321 4,588 4,388 4,366 4,228 4,290 4,128 3,777 3,082-2% 4,132 AVG 33% # of Pending Transactions 584 755 824 809 836 889 792 765 779 578 477 386-26% 7,611 YTD -25% Months Supply of Inventor 5.9 4.8 4.8 5.3 5.5 4.9 5.5 5.5 5.5 7.1 7.9 8.0 34% 5.5 AVG 70% # of Closed Sales 480 565 733 712 767 791 735 673 653 589 409 387-29% 6,698 YTD -31% Median Closed Price 403,475 414,250 425,000 415,000 425,000 425,000 412,500 399,000 400,000 375,000 382,500 420,000-5% 410,669 WA -2% 2007 # of Active Listings 2,086 2,223 2,442 2,737 3,061 3,314 3,428 3,465 4,091 4,197 3,776 2,963 53% 3,104 AVG 50% # of Pending Transactions 754 967 1,160 1,186 1,308 1,253 1,087 958 716 786 743 529-21% 10,175 YTD -5% Months Supply of Inventor 2.8 2.3 2.1 2.3 2.3 2.6 3.2 3.6 5.7 5.3 5.1 5.6 92% 3.2 AVG 65% # of Closed Sales 704 654 1,010 1,060 1,209 1,191 1,112 1,059 878 830 710 695-9% 9,707 YTD 2% Median Closed Price 379,990 405,000 418,000 429,995 425,000 431,000 427,453 439,000 399,950 396,250 405,000 416,950-6% 418,026 WA 3% 2006 # of Active Listings 1,602 1,619 1,631 1,790 1,914 2,082 2,279 2,316 2,721 2, 2,472 1,738 34% 2,070 AVG 12% # of Pending Transactions 857 897 1,179 1,096 1,293 1,264 1,045 1,156 959 989 874 685-11% 10,735 YTD -5% Months Supply of Inventor 1.9 1.8 1.4 1.6 1.5 1.6 2.2 2.0 2.8 2.8 2.8 2.5 51% 2.0 AVG 17% # of Closed Sales 650 684 991 929 996 1,167 1,048 1,184 938 910 864 807-12% 9,497 YTD -8% Median Closed Price 376,995 380,000 407,000 410,000 415,000 415,000 420,000 405,000 400,000 420,000 425,000 420,000 9% 406,857 WA 11% AVG = Average, YTD = Year to Date, WA = Weighted Average