Same House Sales Prices

Interesting snippet – not statistically relevant of course. 

While doing an estate CMA for a little house out near Bitter Lake, in North Seattle, I found two comparable homes which had each traded several times over the prior 15 years.  Really shows the sort of relatively modest ramp (relative to the high flying markets) in value, follwed by a small drop in the most recent sale.  Granted — these are year old sales.  I’m sure the number today is 3-5% lower, at least that’s what the more recent comps are telling me. 

Here’s the stats for these two:

706 N. 143rd Total Incr/ Annualized
Nov-94  $ 140,000
Mar-99  $ 188,500 35% 7%
Mar-08  $ 347,000 84% 9%
 

 

524 N. 143rd
Jan-98  $ 190,000
Jul-04  $ 291,000 53% 9%
Mar-06  $ 356,000 22% 11%
Jan-08  $ 345,000 -3% -2%  

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