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Health & Fitness

Statistics for the Woodinville Market: A Ray of Optimism

Selected look at real estate market statistics for Greater Woodinville, with some optimistic signs

Looking at end-of-June statistics compiled by the Northwest Multiple Listing Service, we find a few rays of optimism.  Call us Pollyanna, but we see positive signs for the Woodinville single-family residential market: that is, the territory within the zip codes 98072-98077.

The average Sold Price in June 2011 is up 3.6% over May of 2011 ($571K vs. $551K).

The average Sold Price is up 0.5% over the same quarter one year ago, that is in 2010 ($550K vs. $547K).

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The Cummulative Days on Market (read, how long it takes to sell a property) is down 4.1% from this time last year (116 days this year, 121 days last year).

Translating from real estate-speak to English, the statistics tell us the downward drift of home prices may have hit bottom.  Homes sell a bit quicker than in 2010.  Taken together the statistics indicate, at least to this reviewer, that we enjoy a stabilization of home prices and a healthier, if not yet robust, residential real estate market for greater Woodinville.

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Better a Pollyanna with a few believers than a Cassandra with none.

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