2010 Statistical Review and Highlights

Transcription

1 2010 Statistical Review and Highlights NE 120 th Street Kirkland WA CONTENTS Page # Map with county prices... 2 MLS Profile... 3 Maps and Area Descriptions New Listings, By County & Month New Listings, Active Listings (by month) Pending Sales Ratios (Listings/Pendings, Mo Supply) Closed Sales, 2010 vs Units & Median Prices Closed Sales, SFH by Co., Prices Closed Sales by # Bdrms, by Area Closed Sales by $ Volume Condo Snapshot High End Sales by Area Comparisons, 3 Bdrm, Pre-owned vs Newly Built (by county) Avg Prices (3-co area) since Median Prices since Price comparisons by school district NWMLS at a Glance # of Member Brokerages (Dec. 2010)... 2,029 # of Sales Associates... approx. 22,000 # of Counties included in Summary Report During 2010, members of NWMLS: Reported more than 52,000 closed sales, valued at more than $17.6 billion (p.27). Reported an area-wide median price of $262,000 for single-family homes and condos that sold last year, down about 4.7 percent from 2008 (p.22). Added 116,699 new listings of SFH and condos to inventory, (pp. 6-7). Represented more than 39,000 home sellers, on average, each month (p.8). Reported 987 sales of single family homes and 83 sales of condominiums priced at $1 million or more. 433 condos sold for $500,000 or more (p.29). The MLS area covering Bellevue/West of 405 (map area 520) had the highest number of million dollar-plus sales with 147, followed by Central Seattle (area 390) with 124. For high-end condos ($500,000-plus), Belltown/Downtown Seattle claimed the highest number of sales (117) involving MLS member-brokers (p. 29). (Many pre-sales by builders are not reflected here) Among the 21 counties in the MLS service area, San Juan claimed the highest median price ($422,500) for single family homes that sold last year; King County followed at $375,000 (p.20). Among school districts, homes in the Mercer Island district had the highest median selling price, at $834,500, followed by Bellevue ($570,000); (pp ). About half (49.5 percent) of single family homes that sold system-wide last year had 3 bedrooms (p. 25). Sold more than 6,600 condominiums during 2010; approximately 62 percent of all condos that sold system-wide were in King County; nearly 75 percent had two or fewer bedrooms (p.28). Found wide variation in prices of 3-bedroom homes. For pre-owned homes (built 2008 or earlier), the median price ranged from $143,400 in Grays Harbor County to $402,000 in San Juan County. Newly built 3-bedroom homes ranged from $58,000 in Pacific County to $350,000 in King County (p.30). Northwest Multiple Listing Service ALL RIGHTS RESERVED This material may not be copied, published, broadcast, rewritten or redistributed without prior permission.

2 SKAMANIA 2010 Median Price Closed Sales, Single Family Homes Only CLALLAM $210, Units ISLAND $259, Units JEFFERSON $265, Units GRAYS HARBOR $135, Units SAN JUAN $422, Units MASON $165, Units KITSAP $240,000 2,473 Units THURSTON $229,995 2,769 Units WHATCOM $250,000 1,844 Units SKAGIT $223,000 1,007 Units SNOHOMISH $275,000 7,092 Units KING $375,000 16,640 Units PIERCE $219,950 7,693 Units CHELAN KITTITAS $214, Units OKANOGAN $169, Units DOUGLAS GRANT $160, Units FERRY $140, Units LINCOLN ADAMS STEVENS PEND ORIELLE SPOKANE WHITMAN PACIFIC $127, Units WAHKIAKUM LEWIS $154, Units COWLITZ $155, Units YAKIMA BENTON FRANKLIN WALLA WALLA COLUMBIA GARFIELD ASOTIN CLARK $210, Units KLICKITAT Northwest Multiple Listing Service

3 Northwest MLS Profile (as of 12/31/10) # Companies # Offices # Sales Associates County King ,503 Snohomish ,963 Pierce ,808 Kitsap Mason Skagit Grays Harbor Lewis Cowlitz Grant Thurston San Juan Island Kittitas Jefferson Okanogan Whatcom Clark Pacific Ferry Clallam Out of Area Total 2,029 2,196 22,133 Ferry Co. added Nov. 09; Clallam Co. added Dec NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED.

4 NWMLS MAP AREA DESCRIPTIONS (new maps: Clallam, King, Kitsap, Pierce, Snohomish & Whatcom counties) COWLITZ COUNTY (Grays Harbor, cont'd) (King Co., cont'd) 401 West Kelso 206 Westport 510 Mercer Island 402 Highlands 208 Grayland 520 Bellevue West of St. Helens 214 Amanda Park 530 Bellevue East of Westside 215 Malone 540 E. of Lake Sammamish 405 Olympic 216 Neilton 550 Redmond, Carnation 406 Columbia Heights 217 Aloha 560 Kirkland Bridle Trails 407 Hillside 218 Moclips 600 Juanita, Woodinville 408 Northlake 219 Central Park 610 Bothell 409 Pacific Way 220 Ocosta 700 Queen Anne, Magnolia 410 Beacon Hill 701 Belltown, Dwntwn Seattle 411 Robert Gray ISLAND COUNTY 705 Ballard/Grnlk/Grnwood 412 West County 780 Camano Island 710 North Seattle 413 Wahkiakum County 811 South Whidbey Island 715 Richmond Beach, Shoreline 414 North County 812 Central Whidbey Island 720 Lk For. Park, Kenmore 415 Ostrander 813 North Whidbey Island 800 Vashon Island 416 North Kelso 417 Kelso Hill JEFFERSON COUNTY 418 South Kelso 480 Port Townsend KITSAP COUNTY 419 East County 481 Cape George 141 S. Kitsap W. of Hwy South Co.Woodland 482 Discovery 142 S. Kitsap-East of Hwy Marrowstone 143 Port Orchard GRANT COUNTY 484 Kala Point 144 Retsil, Manchester 289 East Grant County 485 Tri-Area 145 Seabeck, Hilly 290 Marlin, North Grant County 486 West 146 Chico 291 N Central Grant County 487 Oak Bay 147 Silverdale 292 West Grant County 488 Center 148 West Bremerton 293 South Grant County 489 Ludlow 149 East Bremerton 293 Othello (Adams Co.) 490 Shine 150 East Central Kitsap 294 Central Grant County 491 Coyle 161 Hansville 295 South Moses Lake 492 Quilcene 162 Kingston 296 Peninsula 493 Brinnon 163 Gamblewood 297 Central Moses Lake 494 West Jefferson County 164 Lofall 298 North Moses Lake 495 Discovery Bay 165 Finn Hill 299 West Moses Lake 166 Poulsbo KING COUNTY 167 Suquamish GRAYS HARBOR COUNTY 100 Jovita/West Hill Auburn 168 Indianola 190 Taholah 110 Dash Point, Fed. Way 170 Bainbridge Island 191 Pacific Beach 120 Des Moines, Redondo 192 Copalis Beach 130 Burien, Normandy Park 193 Copalis Crossing 140 West Seattle KITTITAS COUNTY 194 Ocean Shores 300 Enumclaw 948 Upper Kittitas County 195 Quinault 310 Auburn 949 Lower Kititas County 196 Humptulips 320 Blck Diamond, Maple Val. 197 Hoquiam 330 Kent LEWIS COUNTY 198 Aberdeen 340 Renton Benson Hill 426 Centralia 199 Satsop 350 Renton Highlands 428 Adna/Pe Ell 200 Elma 360 Skyway Area 430 Chehalis 201 McCleary 380 Cen.Sea. SE/Leshi, Mt Baker 432 Napavine 202 Cosmopolis 385 SODO/Beacon Hill 434 Onalaska 203 Montesano 390 Cen.Sea. Mad Prk, Cap. Hill 436 Morton 204 Oakville 500 East Side South of I-90 4

5 MASON COUNTY PIERCE COUNTY =cont'd WHATCOM COUNTY 171 Belfair, Hood Canal Eatonville 850 Sud. Val. Rd. name change 172 Mason Lk Region 126 Alder 860 Bellingham 173 South Shore Hood 127 Elbe 865 Meridian 174 Hartstine Island 128 Ashford 870 Ferndale/Custer 175 Shelton 129 Clear Lake 880 Blaine/Birch Bay 176 Agate 134 E Pierce Co./Mt. Rainier 881 Point Roberts 177 SW Mason County 135 Greenwater 885 Lynden 178 NW Mason County 890 Everson, Nooksack Val. 179 Arcadia, Kamilche SAN JUAN COUNTY 895 Mount Baker/Deming 180 Grapeview 899 Waldron 900 San Juan Island CLARK COUNTY 901 Orcas, Shaw, Obstruxrion 1026 East Orchard OKANOGAN COUNTY 902 Lopez, Frost Islands 1031 Camp Bonneville 620 Okanogan Valley 903 Decatur, Center, Blakely 1033 Camas-Washougal 966 Methow Valley 904 Stuart, Henry, Pearl, Johns 1042 Evergreen Hwy 967 Brewster/Pateros 905 Other San Juan Islands 1043 City Center-West 1045 Salmon Creek PIERCE COUNTY SKAGIT COUNTY 1046 Minnehaha 1 Gig Harbor 815 Anacortes 1047 West Orchard 2 Purdy 816 Guemes Island 1051 Ridgefield 3 Rosedale 817 Other Skagit Isl. Counties 1061 Battle Ground 4 Key Peninsula South 820 La Conner 1062 Brush Pr/Hockenson 5 Fox Island 825 Burlington 1064 Vennersborg 6 Gig Harbor South 830 Sedro Woolley 1075 LaCenter 7 Artondale 835 Mount Vernon 1071 North County 8 Gig Harbor North 840 Lyman, Hamilton 9 Key Peninsula North 845 Concrete & Up River PACIFIC COUNTY 12 Anderson Island 207 Bay Center North Tacoma SNOHOMISH COUNTY 209 Tokeland Central Tacoma 610 SE Snohomish County 210 Raymond 31 Tacoma 730 SW Snohomish County 211 South Bend University Pl., Fircrest 740 Everett / Mukilteo 212 Menlo Lakewood 750 E. Snohomish County 213 Lebam 41 Lakewood/Tillicum 760 NE Snohomish County 230 S. Pacific County 42 Dupont 770 NW Snohomish County 43 Steilacoom 780 Camano Island (Isl. Co.) FERRY COUNTY* 44 Ketron Island 959 Stevens Pass 465 Ferry County South Tacoma Southeast Tacoma THURSTON COUNTY CLALLAM COUNTY** Parkland 441 Thurston Northwest 911 Miller Peninsula 70 Fife 442 Black Hills 912 SE Clallam 71 Milton 443 Tumwater 913 NE Sequim 72 Edgewood 444 Olympia Westside 913 Sequim Detail Sumner 445 Boston Harbor 914 N Central Sequim 78 Port of Tacoma 446 Thurston Northeast 915 NW Sequim Puyallup 447 Olympia North 916 SE Sequim 89 Graham, Fredrickson 448 Olympia South 917 SW Sequim Browns Point 449 East Olympia 918 E of Pt Angeles N 99 Spanaway 450 Lacey 919 E of Pt Angeles S. 109 Lk. Tapps, Bonney Lk. 451 Hawks Prairie Pt Angeles 111 Buckley 452 Thurston Southeast 920 NE Pt Angeles 112 Wilkeson, Crbnado, S.Prairie 453 Yelm, Rainier 921 Central E Pt Angeles 113 Sumner 454 Tenino, Bucoda 922 Central W Pt Angeles 114 Orting 455 Rochester 923 NW Pt Angeles Ediz Hook 119 Roy, McKenna 924 SE Pt Angeles 121 Harts Lake 925 SW Pt Angeles 122 Graham 927 NW-928 SW Clallam 123 Tanwax, Kapowsin Lakes 928 Forks Detail more * added 11/09; ** added 12/09 5

6 NEW LISTINGS, Single Family Homes & Condominiums Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total Ttl 2009 King ,083 5,054 3,480 3,986 4,148 3,524 3,789 3,331 2,457 1,896 45,182 45,059 Snohomish ,002 1,886 1,381 1,497 1,545 1,457 1,404 1,301 1, ,137 18,478 Pierce ,890 1,876 1,443 1,494 1,614 1,450 1,355 1, ,035 17,874 18,154 Kitsap ,212 5,461 Mason ,666 1,591 Skagit ,726 2,806 Grays Hrbr ,989 1,859 Lewis ,558 1,549 Cowlitz ,590 1,539 Grant ,393 1,482 Thurston ,643 5,498 San Juan Island ,292 2,436 Kittitas ,080 1,174 Jefferson , Okanogan Whatcom ,702 4,831 Clark Pacific Ferry ,084 Clallam ,583 Others ,476 Total 11,206 10,663 12,994 12,664 9,385 10,354 10,850 9,533 9,038 8,212 6,340 5, ,699 Copyright, Northwest MLS 6 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED

7 Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD ,206 10,663 12,994 12,664 9,385 10,354 10,850 9,533 9,038 8,212 6,340 5, , ,713 9,421 10,252 10,824 11,278 11,410 11,481 10,132 10,054 9,344 6,801 5, , ,186 12,104 13,274 13,607 14,176 13,187 13,093 11,415 10,889 9,647 7,270 5, , ,719 11,333 14,281 14,930 16,888 15,818 14,875 14,500 12,385 11,785 8,805 5, , ,436 9,327 12,639 12,594 14,505 14,541 13,319 14,077 13,291 11,910 8,453 5, , ,266 9,487 11,808 12,116 12,684 13,228 12,652 13,358 12,929 11,405 8,560 5, ,462 Avg. 9,725/mo Avg. 9,799/mo Avg. 11,440/mo Avg. 12,738/mo Avg. 11,704/mo Avg. 11,205/mo ,610 9,590 11,954 11,962 11,853 12,380 11,710 11,192 10,114 9,375 7,886 5, ,364 Avg. 10,280/mo ,240 9,618 11,300 11,330 11,743 11,881 11,992 10,586 10,354 9,394 6,788 5, ,275 Avg. 10,189/mo 20,000 16,000 12,000 8,000 4, Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Copyright, Northwest MLS 7 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED

8 NEW LISTINGS, Single Family Homes & Condominiums, 2010 vs 2009, 2008 King Snoh Pierce Kitsap Mason Skagit GrayH Lewis Cwltz Grant Thrstn SanJn Island Kttas Jefrsn Okan. Wtcm Clark Pacific Ferry Clalm Other Total Jan ,206 Jan ,713 Jan ,186 Feb ,663 Feb ,421 Feb ,104 Mar ,994 Mar ,252 Mar ,274 Apr ,664 Apr ,824 Apr ,607 May ,385 May ,278 May ,176 Jun ,354 Jun ,410 Jun ,187 Jul ,850 Jul ,481 Jul ,093 Aug ,533 Aug ,132 Aug ,415 Sept ,038 Sept ,054 Sept ,889 Oct ,212 Oct ,344 Oct ,647 Nov ,340 Nov ,801 Nov ,270 Dec ,460 Dec ,873 Dec ,430 Ttl ,699 Ttl ,583 Ttl ,278 Ttl ,192 Ttl chg10 vs % -1.8% -1.5% -4.6% 4.7% -2.9% 7.0% 0.6% 3.3% -6.0% 2.6% -2.6% -5.9% -8.0% 22.5% -2.2% -2.7% -26.3% 2.4% -29.2% -0.8% Copyright, Northwest MLS 8 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED.

9 TOTAL ACTIVE LISTINGS Single Family Homes & Condominiums Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Avg King ,415 12,986 13,537 13,793 14,490 14,217 13,922 13,135 11,867 10,049 12,719 Snoh ,383 5,357 5,656 5,813 5,908 5,989 5,768 5,455 5,129 4,538 5,423 Pierce ,769 5,906 6,088 6,336 6,467 6,386 6,108 5,920 5,636 5,118 5,900 Kitsap ,836 1,924 2,005 2,046 2,126 2,062 1,904 1,836 1,714 1,500 1,857 Mason Skagit ,229 1,254 1,369 1,313 1,395 1,393 1,271 1,166 1,104 1,023 1,235 Grays Hrb ,048 1,103 1, Lewis Cowlitz Grant Thurston ,817 1,886 1,722 1,973 2,116 2,046 1,932 1,754 1,676 1,446 1,798 San Juan Island ,054 1,107 1,136 1,195 1,229 1,173 1,081 1, ,057 Kittitas Jefferson Okanogan Whatcom ,985 2,036 2,024 2,177 2,251 2,189 2,027 1,829 1,665 1,486 1,921 Clark Pacific Ferry Clallam Others , Total 34,256 36,350 38,716 39,999 41,318 42,940 44,770 44,186 42,153 39,677 36,835 32,171 39,448 Next page: charts Copyright, Northwest MLS 9 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED

10 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec ,256 36,350 38,716 39,999 41,318 42,940 44,770 44,186 42,153 39,677 36,835 32, ,171 39,299 39,825 40,147 41,318 41,317 42,320 41,528 40,041 38,159 36,266 32, ,498 43,927 46,358 49,141 51,817 50,143 52,694 50,772 48,665 46,189 43,584 38, ,700 31,658 34,463 38,408 42,514 45,223 47,106 48,585 48,969 47,381 44,399 38, ,084 22,504 23,533 25,215 27,660 29,856 31,910 33,316 36,786 36,282 33,817 28, ,196 20,343 25,047 25,607 21,499 21,871 22,839 23,260 24,336 24,570 23,597 20, ,703 23,650 23,971 24,849 25,670 26,464 26,403 25,834 24,965 23,665 21,717 18, ,134 28,291 28,856 29,541 30,338 30,393 30,450 29,669 28,501 27,061 25,473 21,633 month with highest volume 60,000 Active Listings by Month, Past 5 Years 50,000 40,000 30,000 20, ,000 0 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Copyright, Northwest MLS 10 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED

11 PENDING SALES Single Family Homes & Condominiums (combined) Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total % all res King ,479 3,855 2,169 2,219 2,133 2,240 2,187 2,194 2,014 1,719 29, % Snoh ,532 1, , % Pierce ,416 1, ,019 1, , % Kitsap , % Mason % Skagit , % GrHrbr % Lewis % Cowlitz % Grant % Thurston , % San Juan % Island , % Kittitas % Jefferson % Okanogan % Whatcom , % Clark % Pacific % Ferry % Clallam % Other % TOTAL 5,579 6,590 8,605 9,438 5,242 5,547 5,571 6,037 5,741 5,653 4,987 4,359 73, % % by Q 28.32% 27.58% 23.65% 20.45% % Copyright, Northwest MLS 11 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED

12 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total % chg 10 vs ,579 6,590 8,605 9,438 5,242 5,547 5,571 6,037 5,741 5,653 4,987 4,359 73, % ,353 4,559 5,701 6,918 7,160 7,733 7,279 7,539 7,581 7,235 4,888 4,390 75, ,499 5,563 6,040 6,208 6,085 6,470 6,350 6,248 5,982 4,445 3,727 3,255 64, ,522 8,043 9,340 9,156 6,470 9,206 8,614 7,751 5,748 6,127 5,194 3,950 86, ,931 7,673 10,289 9,702 10,817 10,448 9,165 10,022 8,499 8,567 7,022 5, , , , ,050 14,000 Pending Sales, ,000 10,000 8,000 6,000 4, ,000 0 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Copyright, Northwest MLS 12 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED

13 PENDING SALES Single Family Homes only % all SFH Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total 63,876 King 1, ,749 2,955 1,789 1,804 1,716 1,776 1,772 1,811 1,628 1,379 23, % Snoh ,288 1, , % Pierce ,319 1, , , % Kitsap , % Mason % Skagit , % GrHrbr % Lewis % Cowlitz % Grant % Thurston , % San Juan % Island , % Kittitas % Jefferson % Okanogan % Whatcom , % Clark % Pacific % Ferry % Clallam % Other % TOTAL 4,846 5,718 7,406 8,067 4,597 4,889 4,914 5,266 5,052 5,018 4,345 3,758 63, % Copyright, Northwest MLS 13 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED

14 PENDING SALES Condominiums only % all cndo Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total 9,473 King , % Snoh , % Pierce % Kitsap % Mason % Skagit % GrHrbr % Lewis % Cowlitz % Grant % Thurston % San Juan % Island % Kittitas % Jefferson % Okanogan % Whatcom % Clark % Pacific % Ferry % Clallam % Other % TOTAL ,199 1, , % Copyright, Northwest MLS 14 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED

15 SFH = 63,876 of 73,349 pending residential sales (87.09%); Condos = 9,473 of 73,349 pendings (12.91%) Ratio of SFH to Condos SFH Condos Total % SFH % Condo Total King 23,223 5,818 29, % 20.03% 100.0% Snoh 10,158 1,876 12, % 15.59% 100.0% Pierce 11, , % 5.96% 100.0% Kitsap 3, , % 5.33% 100.0% Mason % 0.42% 100.0% Skagit 1, , % 5.70% 100.0% GrHrbr % 5.43% 100.0% Lewis % 0.00% 100.0% Cowlitz % 1.29% 100.0% Grant % 3.66% 100.0% Thurston 3, , % 2.07% 100.0% San Juan % 8.99% 100.0% Island 1, , % 4.18% 100.0% Kittitas % 5.65% 100.0% Jefferson % 7.98% 100.0% Okanogan % 1.22% 100.0% Whatcom 2, , % 13.45% 100.0% Clark % 4.76% 100.0% Pacific % 8.63% 100.0% Ferry % 0.00% 100.0% Clallam % 1.81% 100.0% Others % 4.90% 24.5% TOTAL 63,876 9,473 73, % 12.91% 100.0% Single Family Homes vs Condos (units) Condos 13% SFH 87% SFH Condos 63,876 9, % 12.91% SFH Condos Copyright, Northwest MLS 15 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED

16 Ratio: 2010 Active Listings to Pending Sales - Single Family Homes + Condos (combined) Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Ttl King Co Active Listings ,415 12,986 13,537 13,793 14,490 14,217 13,922 13,135 11,867 10, ,629 Pendings ,479 3,855 2,169 2,219 2,133 2,240 2,187 2,194 2,014 1,719 29,041 Mo. Supply Snohomish Active Listings ,383 5,357 5,656 5,813 5,908 5,989 5,768 5,455 5,129 4,538 65,074 Pendings ,532 1, ,034 Mo. Supply Pierce Active Listings ,769 5,906 6,088 6,336 6,467 6,386 6,108 5,920 5,636 5,118 70,794 Pendings ,416 1, ,019 1, ,514 Mo. Supply Kitsap Active Listings ,836 1,924 2,005 2,046 2,126 2,062 1,904 1,836 1,714 1,500 22,286 Pendings ,453 Mo. Supply Co. ttl Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total Active Listings 22,650 24,039 25,403 26,173 27,286 27,988 28,991 28,654 27,702 26,346 24,346 21, ,783 Pendings 4,381 5,211 6,821 7,368 4,058 4,239 4,306 4,520 4,350 4,376 3,938 3,474 57,042 Mo. Supply Mason Co Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Ttl Active Listings ,452 Pendings Mo. Supply Skagit Active Listings ,229 1,254 1,369 1,313 1,395 1,393 1,271 1,166 1,104 1,023 14,824 Pendings ,421 Mo. Supply Grays Hrbr Active Listings ,048 1,103 1, ,156 Pendings Mo. Supply Lewis Active Listings ,393 Pendings Mo. Supply Page 16

17 Cowlitz Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total Active Listings ,956 Pendings Mo. Supply Grant Active Listings ,766 Pendings Ratio Thurston Active Listings ,817 1,886 1,722 1,973 2,116 2,046 1,932 1,754 1,676 1,446 21,577 Pendings ,728 Mo. Supply San Juan Active Listings ,492 Pendings Mo. Supply Island Active Listings ,054 1,107 1,136 1,195 1,229 1,173 1,081 1, ,687 Pendings ,148 Mo. Supply Kittitas Active Listings ,340 Pendings Mo. Supply Jefferson Active Listings ,930 Pendings Mo. Supply Okanogan Active Listings ,850 Pendings Mo. Supply Whatcom Active Listings ,985 2,036 2,024 2,177 2,251 2,189 2,027 1,829 1,665 1,486 23,056 Pendings ,833 Mo. Supply Clark Active Listings ,589 Pendings Mo. Supply Page 17

18 Pacific Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Ttl Active Listings ,005 Pendings Mo. Supply Ferry Active Listings Pendings Mo. Supply Clallam Active Listings Pendings Mo. Supply Other Active Listings , ,108 Pendings Mo. Supply ALL AREAS Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total Active Listings 34,048 36,128 38,495 39,760 41,254 42,674 44,149 43,620 41,588 39,164 36,340 31, ,964 Pendings 5,565 6,576 8,574 9,401 5,230 5,532 5,548 5,996 5,707 5,625 4,967 4,329 73,050 Mo. Supply Active Listings to Pendings (units) 52,000 42,000 32,000 22,000 12,000 Active Listings Pendings 2,000-8,000 Page 18

19 RATIOS: PENDING SALES to ACTIVE LISTINGS (Single Family Homes + Condos combined) Active Listings Pendings Mo.'s Supply County Mo.'s Supply King 152,629 29, King 5.26 Sno 65,074 12, Sno 5.41 Pierce 70,794 12, Pierce 5.66 Kitsap 22,286 3, Kitsap 6.45 Mason 9, Mason Skagit 14,824 1, Skagit Grays Hrb 11, Grys Hrb Lewis 9, Lewis Cowlitz 7, Cowlitz 8.58 Grant 7, Grant Thurston 21,577 3, Thurston 5.79 San Juan 5, SanJn Island 12,687 1, Island Kittitas 6, Kittitas Jefferson Jefferson Okanogan Okan Whatcom 23,056 2, Whatcom 8.14 Clark Clark 7.77 Pacific Pacific Other 8, Other Total 468,964 73, Total 6.42 Months supply is an estimate of how long it would take for the entire inventory of active listings to sell at the current pace, assuming no new inventory comes onto the market. Economists consider a supply of 3-to-6 months to be a balanced market, meaning the market favors neither buyers nor sellers. Other Pacific Clark Whatcom Okan. Jefferson Kittitas Island SanJn Thurston Grant Cowlitz Lewis Grys Hrb Skagit Mason Kitsap Pierce Sno King Month's Supply Mo.'s Supply Page 19

20 CLOSED SALES, Single Family Homes (excl. condos) 2010 vs 2009 Median Price Units % change % change King $375,000 $380, % 16,640 16, % Snohomish $275,000 $299, % 7,092 6, % Pierce $219,950 $229, % 7,693 7, % Kitsap $240,000 $244, % 2,473 2, % Mason $165,000 $164, % % Skagit $223,000 $232, % 1, % Grays Hrb $135,000 $135, % % Lewis $154,301 $160, % % Cowlitz $155,000 $166, % % Grant $160,000 $155, % % Thurston $229,995 $239, % 2,769 2, % San Juan $422,500 $443, % % Island $259,950 $262, % % Kittitas $214,000 $216, % % Jefferson $265,000 $269, % % Okanogan $169,000 $159, % % Whatcom $250,000 $259, % 1,844 1, % Clark $210,000 $217, % % Pacific $127,950 $150, % % Ferry $140,000 $158, % % Clallam $210,000 $185, % % Out of Area $175,000 $199, % % TOTAL $269,950 $280, % 45,746 45, % Notes: Ferry Co. added to MLS reports in Nov. 09; Clallam added 12/09 From Dec. reports TOTAL Out of Area Clallam Ferry Pacific Clark Whatcom Okanogan Jefferson Kittitas Island San Juan Thurston Grant Cowlitz Lewis Grays Hrb Skagit Mason Kitsap Pierce Snohomish King Prices, SFH 2010 vs 2009 $0 $100 $200 $300 $400 $500 Thousands Copyright, Northwest MLS 20 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED.

21 CLOSED SALES, Condominiums (excl. SFH) 2010 vs 2009 Median Price Units % change % change King $244,000 $254, % 4,121 4, % Snohomish $210,000 $235, % 1,228 1, % Pierce $173,000 $176, % % Kitsap $175,000 $212, % % Mason $232,475 $255, % % Skagit $218,000 $218, % % Grays Hrb $125,000 $127, % % Lewis $170, Cowlitz $155,500 $131, % % Grant $212,000 $265, % % Thurston $155,000 $179, % % San Juan $234,963 $230, % % Island $164,950 $179, % % Kittitas $160,000 $158, % % Jefferson $190,000 $248, % % Okanogan $398, Whatcom $177,000 $190, % % Clark $128,475 $150, % % Pacific $120,000 $138, % % Ferry 0 0 Clallam $254, % Out of Area $266,745 $247, % % TOTAL $221,995 $235, % 6,662 6, % TOTAL Out of Area Clallam Ferry Pacific Clark Whatcom Okanogan Jefferson Kittitas Island San Juan Thurston Grant Cowlitz Lewis Grays Hrb Skagit Mason Kitsap Pierce Snohomish King Prices, Condominiums 2010 vs 2009 $0 $100 $200 $300 $400 $500 Thousands Copyright, Northwest MLS 21 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED.

22 CLOSED SALES, SFH + Condos Combined, 2010 vs 2009 Median Price Units % change % change King $349,000 $350, % 20,761 20, % Snohomish $265,000 $289, % 8,320 7, % Pierce $217,000 $225, % 8,170 8, % Kitsap $240,000 $242, % 2,613 2, % Mason $165,000 $164, % % Skagit $220,000 $230, % 1,091 1, % Grays Hrb $135,000 $135, % % Lewis $154,301 $160, % % Cowlitz $155,000 $165, % % Grant $162,000 $155, % % Thurston $229,950 $239, % 2,834 2, % San Juan $409,750 $430, % % Island $255,000 $259, % % Kittitas $210,000 $209, % % Jefferson $260,000 $262, % % Okanogan $169,000 $159, % % Whatcom $243,000 $249, % 2,141 2, % Clark $205,000 $215, % N/A Pacific $127,000 $150, % % Ferry $140,000 $158, % % Clallam $210,000 $185, % % Out of Area $177,510 $200, % % TOTAL $262,000 $275, % 52,408 52, % Figures for 2010 and 2009 are from Dec. 2010/Y-T-D reports TOTAL Out of Area Clallam Ferry Pacific Clark Whatcom Okanogan Jefferson Kittitas Island San Juan Thurston Grant Cowlitz Lewis Grays Hrb Skagit Mason Kitsap Pierce Snohomish King Prices, SFH + Condos Combined 2010 vs 2009 $0 $100 $200 $300 $400 $500 Thousands Copyright, Northwest MLS 22 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED.

23 2010 Closed Sales by County, Single Family Homes only (excl. condo) County Units Median Average Lowest Highest King 16,640 $375,000 $462,809 $3,000 $11,280,000 Snohomish 7,092 $275,000 $305,792 $25,000 $3,585,000 Pierce 7,693 $219,950 $243,973 $12,900 $2,350,000 Kitsap 2,473 $240,000 $293,088 $20,000 $2,550,000 Subtotal, 4- county region 33,898 $298,500 $369,003 $3,000 $11,280,000 Mason 555 $165,000 $199,026 $5,000 $1,150,000 Skagit 1,007 $223,000 $263,912 $23,500 $1,000,000 Grays Hrb 660 $135,000 $146,823 $9,000 $895,000 Lewis 522 $154,301 $160,101 $10,000 $673,000 Cowlitz 684 $155,000 $168,298 $16,000 $740,000 Grant 587 $160,000 $170,874 $19,000 $465,000 Thurston 2,769 $229,995 $247,651 $17,500 $120,000 San Juan 120 $422,500 $545,532 $150,000 $2,150,000 Island 860 $259,950 $304,685 $44,000 $1,620,000 Kittitas 419 $214,000 $272,339 $26,000 $2,000,000 Jefferson 265 $265,000 $301,870 $32,000 $1,400,000 Okanogan 212 $169,000 $203,575 $22,500 $1,225,000 Whatcom 1,844 $250,000 $284,724 $12,500 $1,846,400 Clark 351 $210,000 $231,849 $30,000 $950,000 Pacific 228 $127,950 $150,968 $20,000 $805,000 Ferry 21 $140,000 $162,297 $50,000 $365,000 Clallam 378 $210,000 $224,388 $30,000 $1,000,000 Sub-total, 17 counties, excl Puget Sound region 11,482 $215,000 $240,067 $5,000 $2,150,000 Out of Area 366 $175,000 $200,170 N/A N/A TOTAL, all areas 45,746 $269,950 $334,378 Copyright, Northwest MLS 23 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED.

24 King Snohomish Pierce Kitsap Mason Skagit Grays Hrb Lewis Cowlitz Grant Thurston San Juan Island Kittitas Jefferson Okanogan Whatcom Clark Pacific Ferry Clallam Out of Area Total County Median King $375,000 Snohomish $275,000 Pierce $219,950 Kitsap $240,000 Mason $165,000 Skagit $223,000 Grays Hrb $135,000 Lewis $154,301 Cowlitz $155,000 Grant $160,000 Thurston $229,995 San Juan $422,500 Island $259,950 Kittitas $214,000 Jefferson $265,000 Okanogan $169,000 Whatcom $250,000 Clark $210,000 Pacific $127,950 Ferry $140,000 Clallam $210,000 Out of Area $175,000 Total $269,950 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 Median Prices by County (SFH only Median King County Sub-areas - SFH only Area Units Median Average Lowest Highest SW King 1,769 $237,147 $263,021 $52,000 $1,525,000 SE King 3,515 $265,000 $288,843 $35,200 $2,200,000 Seattle 5,342 $410,000 $493,173 $53,035 $6,700,000 N King 597 $335,000 $389,962 $100,000 $4,725,000 Eastside 5,322 $520,000 $627,069 $3,000 $11,280,000 Vashon = # $375,000 $426,027 $75,920 $1,500,000 King Co (all) 16,640 $375,000 $462,809 $3,000 $11,280,000 NWMLS map areas, King Co subareas SW King = NWMLS Map Area 100,110,120,130 SE King = #s 300,310,320,330,340,350,360 Seattle = #s 140,380,385,390,700,701,705,710 N. King = #s 715, (in King Co) Eastside = #s 500,510,520,530,540,550,560,600 Vashon = #800 Copyright, Northwest MLS 24 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED.

25 Distribution of Sales by # of Bedrooms - SINGLE FAMILY HOMES only, 2010 Closed Sales (Single Family homes only) by # of Bedrooms Single 2 or fewer % of total 3 bdrm % of total 4 bdrm % of total 5+ bdrm % of total Total Family bdrm (in that co) (in that co) (in that co) (in that co) King 2, % 6, % 5, % 1, % 16,445 Snoh % 3, % 2, % % 6,966 Pierce % 4, % 2, % % 7,771 Kitsap % 1, % % % 2,556 Mason % % % % 563 Skagit % % % % 1,012 Grays Hrbr % % % % 662 Lewis % % % % 533 Cowlitz % % % % 691 Grant % % % % 563 Thurston % 1, % % % 2,781 San Juan % % % % 123 Island % % % % 862 Kittitas % % % % 423 Jefferson % % % % 267 Okanogan % % % % 211 Whatcom % 1, % % % 1,859 Clark % % % % 356 Pacific % % % % 234 Ferry % 7 % % % 21 Clallam % % % % 380 TOTAL 6,699 22,396 13,391 2,793 45,279 % of total 14.79% 49.46% 29.57% 6.17% % TOTALS 2 or fewer or more 6,699 22,396 13,391 2,793 5 or more 6% % of Sales by # of Bedrooms 4 30% 2 or fewer 15% 3 49% From online surveys (AMS/Mrkt Statistics); excludes "Out of Area" 25

26 CLOSED SALES - UNITS 2010, Single Family Homes + Condos (combined) Units Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total King 1,222 1,255 2,008 2,096 2,233 2,348 1,782 1,654 1,467 1,589 1,331 1,776 20,761 Snoh ,320 Pierce ,170 Kitsap ,613 Mason Skagit ,091 GraysHrb Lewis Cowlitz Grant Thurston ,834 San Juan Island Kittitas Jefferson Okanogan Whatcom ,141 Clark Pacific Ferry Clallam Other TOTAL 3,142 3,214 4,972 5,243 5,290 5,763 4,491 4,211 3,997 4,072 3,583 4,430 52,408 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Sales by Month Series1 26

27 CLOSED SALES -DOLLAR VOLUME 2010, Single Family Homes + Condos (combined) Units Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total King 513,894, ,756, ,495, ,667, ,510,045 1,049,909, ,183, ,755, ,697, ,609, ,811, ,487,031 8,935,776,750 Snoh 146,675, ,691, ,376, ,583, ,074, ,867, ,311, ,170, ,236, ,913, ,959, ,229,145 2,434,088,737 Pierce 113,173, ,203, ,788, ,408, ,394, ,096, ,807, ,266, ,166, ,474, ,994, ,716,768 1,972,491,936 Kitsap 48,582,815 40,729,171 71,199,458 73,354,642 77,678,838 82,804,991 68,276,064 61,499,690 61,628,578 50,361,340 49,301,143 70,757, ,174,120 Mason 8,659,582 6,961,075 8,770,486 10,602,775 11,516,400 9,778,127 9,874,850 8,957,582 11,435,960 9,478,153 5,469,201 9,421, ,925,477 Skagit 14,024,964 15,250,776 23,540,030 29,455,363 27,274,966 34,262,347 22,944,419 26,922,784 20,669,724 21,827,317 21,116,929 27,404, ,693,875 GraysHrb 7,716,450 7,191,150 9,036,845 11,300,395 9,449,150 9,565,950 8,089,800 9,149,029 7,918,928 8,579,130 5,397,646 8,821, ,216,358 Lewis 6,063,200 4,843,236 8,697,020 8,233,695 6,815,873 10,169,350 6,205,410 5,360,725 6,747,348 7,725,767 5,448,636 7,264,000 83,574,260 Cowlitz 6,855,500 8,368,400 10,555,183 11,678,081 11,236,131 13,661,850 12,420,674 6,923,280 10,597,391 7,265,149 7,928,900 9,277, ,768,032 Grant 6,934,450 4,834,850 8,027,300 11,619,702 10,269,397 15,274,065 9,234,090 7,000,724 8,069,464 7,626,536 7,697,237 7,615, ,203,675 Thurston 34,186,218 46,028,383 68,820,382 62,719,667 64,363,054 74,854,773 62,659,093 63,128,311 64,228,458 54,776,995 51,836,310 51,124, ,726,073 San Juan 6,278,473 2,683,000 5,075,413 6,192,300 3,120,500 4,699,000 5,574,000 5,521,500 6,762,926 8,118,900 5,953,500 8,217,000 68,196,512 Island 17,902,200 18,114,350 20,569,037 28,680,688 22,987,950 26,282,035 27,064,550 24,247,251 22,640,180 25,700,700 14,172,309 21,299, ,660,821 Kittitas 6,948,630 7,217,000 11,795,649 11,666,880 11,537,528 10,422,755 8,586,460 7,978,590 14,511,580 9,024,577 8,199,570 11,027, ,916,747 Jefferson 6,264,000 1,064,400 7,452,600 11,275,500 8,270,350 6,874,500 8,608,150 7,005,801 7,281,870 9,973,600 6,595,400 4,815,521 85,481,692 Okanogan 1,782,212 2,246,024 3,130,101 3,278,400 3,165,215 6,776,000 3,280,050 4,004,000 2,873,429 4,465,775 3,635,500 4,521,500 43,158,206 Whatcom 29,323,640 36,584,491 53,906,800 53,552,562 61,922,878 61,047,335 55,336,229 52,549,625 50,967,989 50,358,329 37,294,062 49,826, ,670,600 Clark 8,109,409 4,606,143 6,459,350 10,775,475 10,041,500 6,670,400 7,765,950 4,301,126 10,339,800 6,029,720 4,062,325 5,444,225 84,605,423 Pacific 1,854,450 2,440,250 3,852,150 3,790,900 4,415,355 4,032,400 2,696,100 2,997,800 2,532,918 3,889,800 3,448,705 1,652,180 37,603,008 Ferry 300, , , , , , , , ,244 3,408,244 Clallam 1,225,900 1,564,000 2,631,550 2,916,150 7,826,700 9,920,982 4,241,578 10,891,297 8,119,799 6,188,347 8,904,443 9,045,950 73,476,696 Other 6,557,827 7,627,120 8,677,900 12,239,967 6,619,400 6,583,657 6,056,800 9,345,073 9,284,813 8,780,398 3,965,380 5,652,325 91,390,660 TOTAL 993,313,896 1,039,005,268 1,615,906,894 1,664,992,941 1,738,162,588 1,930,893,461 1,537,816,540 1,401,976,823 1,298,141,198 1,320,453,429 1,112,330,617 1,415,214,247 17,068,207,902 Total sales volume = $17,608,207,902 27

28 SUMMARY OF CONDOMINIUM SALES 2010 SP=$1+) # Units % of total Median Average Low High $ value King 4, % $244,000 $299,580 $15,000 $7,198,100 $1,234,569,180 Sno 1, % $210,000 $216,111 $30,000 $950,000 $265,384,308 Pierce % $73,000 $200,396 $40,000 $1,450,000 $95,588,892 Kitsap % $175,000 $224,004 $47,500 $1,300,000 $31,360,560 Mason % $232,475 $232,475 $145,000 $319,950 $464,950 Skagit % $218,000 $225,383 $45,000 $560,000 $18,932,172 Grays Hrb % $125,000 $126,460 $7,000 $289,000 $5,311,320 Lewis % $0 $0 $0 $0 $0 Cowlitz % $155,500 $150,036 $60,000 $195,000 $1,650,396 Grant % $212,000 $205,224 $40,000 $345,000 $3,899,256 Thurston % $155,000 $199,579 $73,000 $737,100 $12,972,635 San Juan % $234,963 $273,242 $69,500 $595,000 $2,732,420 Island % $164,950 $181,660 $74,900 $450,000 $7,629,720 Kittitas % $160,000 $177,974 $85,000 $353,000 $4,805,298 Jefferson % $190,000 $210,979 $40,000 $490,000 $5,485,454 Okanogan % $0 $0 $0 $0 $0 Whatcom % $177,000 $227,724 $38,500 $1,300,000 $67,634,028 Clark % $128,475 $146,620 $37,500 $350,000 $3,225,640 Pacific % $120,000 $138,344 $21,500 $295,000 $3,181,912 Ferry % $0 $0 $0 $0 $0 Clallam % $254,500 $250,276 $139,950 $371,913 $2,502,760 Out of Area % $266,745 $267,644 $4,282,304 TOTAL 6, % $221,995 $265,928 $7,000 $7,198,100 $1,771,612,336 Data from online surveys. Excludes boat moorage, storage garages Condo sales by # of bedrooms 2 or fewer All 74.9 % of all condos sold during 2010 had 2 or fewer bedrooms # units 4,936 1, ,585 Avg price $254,124 $300,988 $285,096 $267,232 $256,226 Median $ $209,950 $240,000 $267,450 $273,000 $220,000 Lowest $7,000 $21,500 $58,000 $80,000 $7,000 Highest $7,198,100 $6,300,000 $1,390,000 $356,400 $7,198,100 SUMMARY OF CONDOMINIUM SALES IN KING COUNTY 2009 SP=$1+; Areas = map areas +King Co) # Units % of total Median Average Low High $ value SW King % $139,950 $158,828 $26,261 $615,400 $56,066,284 SE King % $161,499 $163,970 $39,900 $375,900 $66,407,850 Seattle 1, % $285,000 $366,571 $20,900 $7,198,100 $648,097,528 N King % $184,000 $202,051 $82,000 $365,000 $13,537,417 Eastside 1, % $293,654 $250,000 $15,000 $4,890,000 $381,250,000 Vashon % $240,000 $238,667 $236,000 $240,000 $716,001 Total 4, % $244,000 $299,580 $26,261 $7,198,100 $1,234,569,180 SW King = NWMLS Map Area 100,110,120,130 N. King = #s 715, (in King Co) SE King = #s 300,310,320,330,340,350,360 Eastside = #s 500,510,520,530,540,550,560,600 Seattle = #s 140,380,385,390,700, 701, 705, 710 Vashon = #800 Copyright, Northwest MLS 28 NWMLS 2010 Statistical Recap. ALL RIGHTS RESERVED