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– Hello, Seattle!

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This is Christy Kinnaird,
Seattle Living Spaces,

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coming to you with your
monthly sale and real estate

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re-cap for the month of September 2019!

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(upbeat music)

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Ladies and gentlemen,
September was a fairly mellow

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month for real estate, and
that is the kind of the news

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that I like to deliver.

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I’m sure you’re dying
for me to get into it,

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so let’s taco ’bout it, shall we?

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Single-family houses
in the city of Seattle

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for the month of September,
mean sales price,

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$740,000, which is not that
much different from the

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$733,500 of last month, or the $750,000

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of this exact same time last
year, so median sales prices?

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We’re doing some nice even,
I mean, a little bit of

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when I dip, you dip, we dip,

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but nothing drastic, and I like that.

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We have a 2.3-month supply, which is more.

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We had 1.7 last month, but last year, 2.9.

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We’re actually in a
healthier market this year

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than we were at this
exact same time last year,

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which is awesome news.

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Okay.

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I skipped, I skipped days on market.

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Which is interesting because we had

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on average it took 32 days for a home

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to get an accepted offer
in the month of September.

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Now’s for, that’s a more than

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the 30 days the month before.

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And a lot more than the 20
days this time last year.

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We sold for 99 percent of list price

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which is the first time that we’ve dipped

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below 100 percent so,

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(sighs)

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we’ll be with the longer days of market

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often com a little bit softer prices.

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So selling single family houses

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selling for slightly below
this price on average.

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We had 1415 total homes
for sale over the month.

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Versus 1286 in August but,

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1476 in the September of 2018.

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So we have fewer houses this year

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than we did last year for sale.

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And we sold 603 houses,
which is the good news.

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Now the previous month was 756,

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but just statistically August is always

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a very high volume sales month.

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Cause if you look at September of 2018

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we only sold 522 houses.

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So moving over to condos.

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It’s still nice news it’s just not

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quite as even and
awesome as single family.

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Our median sales price really took a nice

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rebound up to $448,000.

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Last month it was $428,000,

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but last year it was $510,600 to be exact.

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(Laughing)

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We are seeing condos stay

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on the market for ever ever.

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K.

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49 days was the number of days on average

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took for a condo to get an
accepted offer in September.

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That is a lot longer
than 39 days in August

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and 28 days in September of 2018.

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We have 3.7 months of
supply, of inventory.

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Now remember we’re use to less
than a month of inventory.

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That was all of 2015, 16,
17, the fist half of 2018.

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So this feels crazy to us but

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4 to 6 months is considered
a balanced market.

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So technically less than 4 months

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still slightly favor the seller.

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In the month before those this is

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3 months supply but this time

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last year was 3.9 months supply.

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98. 98 percent of sales price

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is what we’re selling for.

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It’s was 98 percent last month

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and last year it was 99 so condos

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have seen the slightly
below this price thing

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going on for over a year now.

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We had 691 condos for sale total

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which is not a whole lot more than

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than the 678 of the previous month.

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But a chunk more than the 629 that we

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had back at the same time in 2018.

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And we sold 185 condos.

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The month before was 227.

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But last year was the 167
so we are still seeing

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more properties overall selling this year

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than we did the same time last year.

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So this is nice mellow we’re going into

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like this sleepier season where

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fewer people buy and
sellers get a little bit,

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incentivized to get those properties sold

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before the end of the year.

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So if you are thinking about being a buyer

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it’s not gonna be a lousy time.

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Thanks for getting nerdy with me.

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I appreciate you tuning in.

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And I will see you next week.