Talk of a housing non-recovery or a real recovery has got me thinking about the Mercer Island market again. So in a series of blogs we’ll look at the numbers to get the story: about 3 and 1/2 years of sales data.
Single family homes
- Volume hasn’t changed much, despite the housing implosion.
- But median home price is down from about $1.08 million in December of 2007 to $865k so far in June 2011. Lest you think it’s just smaller homes selling, the price per square foot has dropped substantially too.
Condos & Townhomes
What’s the story in condos & townhomes?
Future Real Estate Infoporn
Note that the post title says Part 1: in coming weeks we’ll geek out on this same data, looking at it different ways until we’ve got a good picture of where the market stands. So check back.
All these graphs are interactive and you can find them here. Data courtesy Redfin and visualization courtesy Tableau Public.