Clyde Hill, WA Real Estate Report

Clyde Hill, WA real estate is a sought after community located near Bellevue, WA. As a Bellevue, WA realtor that specializes in this area, I keep a close eye on the Clyde Hill, WA real estate market statistics. Every month the NWMLS releases the stats for specific areas for the prior month. With the high demand for King County real estate, it is no wonder that this popular area saw so many positive notes in March.

The median home price in this neighborhood saw an increase of 11.5% compared to this time last year. This median home price for real estate in Clyde Hill, WA is $2,150,000. This time last year saw a 9.2% jump with a median price of $1,928,000. The monthly supply is still low and considered a seller’s market but there was a 26.7% increase in the amount of homes for sale in Clyde Hill, WA. New listings saw a minimal jump at 5.1% compared to last year’s 15.4%, which is great considering we need all the the inventory we can get in order to satisfy the buyers needs. The percentage of list price stayed about the same at 98.6%. Pending sales are up 13.4% and actual solds are up 21.5%. The days on the market (The time between a home being listed and receiving an accepted offer) has decreased to just 13 days. This means homes are only sitting for about a couple weeks. The month supply further proves that we are in a sellers market at 3. Anything over 4 is considered a buyers market, which means there is plenty of inventory and you can get a little more bang for your buck. If you are thinking of selling your real estate in Clyde Hill, WA I would be happy to discuss the current market conditions as well as differentiate my business. In the meantime, stay tuned for April’s numbers for this neighborhood which will be out in just a couple weeks!

Posted on April 19, 2017 at 7:13 pm
Britt Wibmer | Category: Britts Picks

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