Community Post

CD Real Estate Update: Prices down, but closings up

We’ve got the latest numbers from the Northwest Multiple Listing Service on current home sales activity in the neighborhood, and they show that while price declines are continuing around the neighborhood, there’s more sales activity than at this time last year (note that these numbers are for a large area that includes the tony parts of Leschi and Madrona):

Single Family Homes:

  • Median sales price is down 0.87% to $482,250
  • The number of closed sales is up 53% to 46
  • The number of pending sales are up 66% to 58
  • Total listings are up 1% at 306


  • Median sales price is down 13% to $305,000
  • Closed sales are down 8% at 33
  • Pending sales are up 18% at 59
  • Total listings are up 3% at 270

Although prices are still declining, it’s a good sign that more deals are closing and that inventory isn’t increasing dramatically. That could be a sign that things are stabilizing in the market.


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