September, 2016 MTD MARKET UPDATE Data Current Through: September, 2016 (NWMLS Areas: 140, 380, 385, 390,, 701, 705, 710) Summary Active, Pending, & Months Supply of Inventory 5,000 4,500 4,000 3,500 4,091 5.7 4,290 5.5 3,685 4,068 6.0 Active Listings MTD Pending Sales MTD Months of Inventory 7 mo. 6 mo. 5 mo. 3,000 2,500 3.8 2,788 3.7 4 mo. 2,000 1,781 1,709 3 mo. 1,500 1,000 500 716 779 978 681 748 2.0 888 1,478 1,173 1,062 1,071 1,106 1,142 1.6 1,004 1.4 1.0 0.9 2 mo. 1 mo. 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 09/16 September, 2016 MTD 0 mo.,000 Median Closed Sales Price for Current Month Closings,000 $580,000 500,000 400,000 $399,950 $400,000 $376,000 $387,500 $362,000 $370,000 $419,925 $452,000 $507,500,000 200,000,000 0% -6% 3% -7% 2% 13% 8% 12% 14% Year 0 Rank (Multiple Items) Current 2007 Year Yes2008 2009 2010 2011 2012 2013 2014 2015 09/16 September, 2016 MTD
September MTD MARKET UPDATE Data Current Through: September, 2016 (NWMLS Areas: 140, 380, 385, 390,, 701, 705, 710) Summary 20,000 What Are The Odds of Selling? % 18,000 17,548 17,479 88% 88% 90% 16,000 14,000 12,000 10,000 8,000 65% 11,458 48% 8,344 15,145 15,216 50% 43% 7,619 6,513 12,217 57% 6,989 10,713 74% 7,877 80% 79% 12,056 12,405 12,183 10, 9,606 9,762 12,501 11,040 80% 70% 60% 50% 40% 6,000 30% 4,000 20% 2,000 10% 0 Sep, 2007 Sep, 2008 Sep, 2009 Sep, 2010 Sep, 2011 Sep, 2012 Sep, 2013 Sep, 2014 Sep, 2015 Sep, 2016 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 11,937 11,458 9,091 8,344 26 % 8,754 6,513 24 % 9,391 9,211 19 % 7,619 6,989 25 % 10, 7,877 11,850 11,985 9,606 9,762 19 % 19 % 12,820 10, 17 % 12,317 11,040 30% 25% 20% 15% 4,000 8 % 10 % 10% 2,000 4 % 5% 0 Sep, 2007 Sep, 2008 Sep, 2009 Sep, 2010 Sep, 2011 Sep, 2012 Sep, 2013 Sep, 2014 Sep, 2015 Sep, 2016 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 42% 450 % Sold At List Price % Above List Price MEDIAN 5% SOLD AT LIST PRICE (Current Month) 9 28% 301 % Sold Below List Price SOLD BELOW LIST PRICE (Current Month) % Below List Price MEDIAN 36 13% -2% 25 139 PRICE CHANGE BEFORE SALE (Current Month) % Sold With Price 18% 61 194
Months Area Inventory Area Inventory 2016 2015 2016 2015 2.2 1.7 0.7 1.0 1.4 1.5 1.0 1.1 120 1.4 1.3 1.0 1.2 1.4 1.3 1.0 1.2 140 1.0 0.9 0.9 1.2 1.8 1.7 1.1 1.8 1.3 1.6 1.2 1.2 1.6 1.5 705 0.8 0.6 330 1.3 1.2 710 0.8 0.7 1.3 1.3 715 1.1 0.8 350 1.4 1.2 720 0.9 1.1 1.8 1.9 1.0 1.2 380 1.1 1.0 1.3 1.5 385 1.0 0.6 1.4 2.1 390 1.3 1.3 1.7 2.0 500 1.3 1.3 1.8 1.6 2.6 1.7 2.1 3.3 520 2.3 2.0 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 $2,901 $3,244 $3,172 $3,509 MARKET UPDATE Data Current Through: September, 2016 Monthly Payments Vs. Appreciation Trendline King County (RESIDENTIAL ONLY) Monthly Payments (principle + 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 September, 2016 $580,000 3.46% $2,592 < 15.9%.9% 757 69.8% September, 2015 $507,500 3.90% $2,393 15-30 98.6%.0% 151 13.9% -$72,500 0.44% $198 Per Month $2,381 Per Year 31-60 96.0% 98.4% 83 7.7% 61-90 92.8% 97.5% 44 4.1% 90+.0%.0% 49 4.5% Totals 1,084.0%
(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 17% 848 AVG -2% # of Pending Transactions 649 867 1,144 1,149 1,367 1,273 1,140 1,205 1,142 3% 9,936 YTD -4% Months Supply of Inventory 0.9 0.8 0.6 0.8 0.6 0.7 0.9 0.8 1.0 13% 0.8 AVG 1% # of Closed Sales 502 608 813 952 1,027 1,263 1,171 1,169 1,074 11% 8,579 YTD 4% Median Closed Price 538,500 554,225 552,000 564, 579,000 585,000 599,000 599,000 580,000 14% 577,148 WA 15% 2015 # of Active Listings 755 797 803 854 898 873 890 915 1,004 933 663 438-32% 865 AVG -32% # of Pending Transactions 783 855 1,214 1,424 1,336 1,336 1,204 1,102 1,106 1,021 840 520 3% 10, YTD 8% 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 0.8-34% 0.8 AVG -36% # of Closed Sales 539 775 958 1,099 1,181 1,189 1,011 968 959 691 811 10% 8,230 YTD 11% 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 12% 502,487 WA 14% 2014 # of Active Listings 1,026 1,036 1,044 1,169 1,382 1,429 1,492 1,363 1,478 1,312 1,041 749-14% 1,269 AVG -6% # of Pending Transactions 764 859 1,079 1,127 1,214 1,221 1,131 1,093 1,071 1,071 804 585 1% 9,559 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 1.3-14% 1.2 AVG -5% # of Closed Sales 525 783 829 961 1,008 1,006 914 877 940 742 788 2% 7,413 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 8% 441,277 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% 1,344 AVG -23% # of Pending Transactions 748 877 1,111 1,134 1,190 1,208 1,197 1,070 1,062 1,066 811 549 20% 9,597 YTD 13% 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 1.7-20% 1.3 AVG -33% # of Closed Sales 521 512 726 836 1,015 967 1,054 1,032 856 917 724 708 21% 7,519 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 13% 411,901 WA 10% 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, 1,257 966-36% 1, AVG -39% # of Pending Transactions 641 891 1,071 1,069 1,097 996 927 922 888 982 746 525 19% 8,502 YTD 15% 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 1.8-46% 1.9 AVG -46% # of Closed Sales 433 444 617 706 836 891 794 780 705 758 723 606 19% 6,206 YTD 15% 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 2% 374,146 WA 4% 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 1,826-31% 2,854 AVG -25% # of Pending Transactions 635 731 928 884 944 880 813 849 748 776 683 579 10% 7,412 YTD 2% 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 -30% # of Closed Sales 394 403 630 625 673 765 640 684 593 571 24% 5,407 YTD -2% Median Closed Price 363,500 347,500 357,500 361,000 365,000 353,500 365,000 350,050 362,000 343,000 325,000 339,000-7% 358,403 WA -6% 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 10% 3,826 AVG 5% # of Pending Transactions 657 817 1,109 1,257 703 714 652 661 681 706 596 497-30% 7,251 YTD -1% 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 59% 5.0 AVG 6% # of Closed Sales 459 429 704 705 808 771 642 533 477 527 476 579-33% 5,528 YTD 8% 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 3% 382,685 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 2,553-14% 3,627 AVG -12% # of Pending Transactions 485 517 900 971 989 869 904 978 951 633 556 26% 7,313 YTD 4% 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 4.6-32% 4.7 AVG -11% # of Closed Sales 342 435 462 606 787 777 689 710 777 705 609 9% 5,128 YTD -16% Median Closed Price 380,000 359,475 350,000 369,975 375,000 385,000 364,900 375,000 376,000 378,500 366,000 375,000-6% 371,934 WA -10% 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 5% 4,132 AVG 39% # of Pending Transactions 584 755 824 809 836 889 792 765 779 578 477 386 9% 7,033 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 8.0-4% 5.3 AVG 77% # of Closed Sales 480 565 733 712 767 791 735 673 653 589 409 387-26% 6,109 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 0% 414,108 WA -1% 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 50% 2,983 AVG 50% # of Pending Transactions 754 967 1,160 1,186 1,308 1,253 1,087 958 716 786 743 529-25% 9,389 YTD -4% 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 5.6 101% 3.0 AVG 60% # of Closed Sales 704 654 1,010 1,060 1,209 1,191 1,112 1,059 878 830 710 695-6% 8,877 YTD 3% 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 0% 420,062 WA 4% 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 30% 1,995 AVG 9% # of Pending Transactions 857 897 1,179 1,096 1,293 1,264 1,045 1,156 959 989 874 685-13% 9,746 YTD -4% 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 50% 1.9 AVG 13% # of Closed Sales 650 684 991 929 996 1,167 1,048 1,184 938 910 864 807-16% 8,587 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 4% 405,464 WA 12% AVG = Average, YTD = Year to Date, WA = Weighted Average