November 2024

November 2024

PBNW Homes Team Newsletter, November 2024, with a nighttime city skyline.

Hope this finds you safe and with electricity. So many of us in the greater Seattle area have been affected by the record wind storm earlier this week. I've spoken to many clients that have had damage to property, and some of us are still without power. If recommendations are needed for anything, don't hesitate to reach out.

The days are shorter, rates are back up again, and the world is full of mystery. In a time of change, I turn toward things that are known, versus sitting too long in the unknown.

One of those known things is real estate history. The Northwest MLS is our local real estate marketplace, a central depository for the majority of the homes listed and sold in our region. As NWMLS has grown, so has the data that we have to look back on. As part of their 40-year anniversary, they published an article about home prices since the 1980s, which I have linked below. It’s quite shocking to revisit prices even 10 years ago, much less 40!

I’m also sharing the current median sales price for the largest cities in Washington. It’s striking to see how much the prices of homes compare across the state, but the most remarkable is the city of Bellevue, which is now more than twice the median of Seattle, and nearly 4.5 times the price in Spokane—now the second largest city in the state.

If you're looking for a fun outing in the city, check out the new Ocean's Pavillion at the Seattle Aquarium. We took our kids recently and had a blast. Fun photo below of the impressive Stingrays! 

As much change is before us, one thing hasn't changed—I am always here to be your resource for all things related to homeownership. Don't hesitate to reach out. I'm just a call/text/email away. 

Hope you have a wonderful Thanksgiving holiday! -Phillip

Bar chart of median home prices: Bellevue $1,880,000; Seattle $928,000; Kent $690,000; Everett $680,000; Vancouver $510,000; Tacoma $485,000; Spokane $435,000.

Featured Properties

Featured property listing for an active Seattle condo at 1414 12th Ave #606, with a modern apartment building exterior.
Just sold: 15361 SE 59th Street, Bellevue, shown with an aerial view of the home.
Just-sold flyer for 6514 42nd Ave SW, Unit A, Seattle, featuring a home and patio.

NWMLS 40th Anniversary:
​​​​​​​Changes in Median Closed Sale Price

Motorboat heads toward a distant city skyline across calm water, leaving a foamy wake.

In celebration of NWMLS’s 40th anniversary in 2024, let’s take a look at how the price of homes and condominiums have evolved over the years in a few key counties in the Pacific Northwest.

Median Closed Sale Price​​​​​​​

For many years, NWMLS has been tracking a variety of metrics each month in counties within its service area. One of these monthly metrics is Median Sale Price, which is the…

Two children watch a spotted ray swim over fish and coral in a large aquarium.

Phillip’s Tidbit

We miraculously had a free Saturday a few weeks so we spontaneously played tourists in our city which was super fun! We decided to take the light rail, explore around the new waterfront and visit the new and improved aquarium.

Thank you
for referring us!

This month we want to give special thanks to:

Randy Wiemer

Andre Csibi

Craig McNary & Adeline Ee

November Home Tips

Our short list of quick tips to keep your home safe and enjoyable. Don’t hesitate to reach out if you’d like any service provider recommendations and for a complete home maintenance checklist.

Checklist: clean air vents, clean the refrigerator, prepare a safety kit, and inspect outdoor handrails and stairs.

​​​​​​​Market Stats

(Median Sales Price - Live Data)

King County

Snohomish County

King County October 2024 market update with residential and condo statistics and median sales price charts.

Reach out if you would like a customized neighborhood or area report.

Contact information and headshots for Shane Rossow, Phillip Belenky, and Billy Hilton.

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