Medina home tops local sales chart at $11.3 million
Jan 23, 2015, 7:37 AM | Updated: Oct 10, 2024, 2:03 pm
A Medina home that sold for $11.3 million topped all sales of Northwest Multiple Listing Association members during 2014 while the most expensive condominium was a downtown Seattle high-rise that sold for $6.1 million, according to year-end statistics released by the association.
NWMLA is composed of 21 counties and 22,000 brokers and reported 77,276 closed sales during 2014 to outgain 2013’s volume by 1,759 transactions for a 2.3 percent increase.
Measured by dollars, last year’s sales of single family homes and condominiums were valued at nearly $28 billion. Compared to 2013, that dollar volume represents a 9.4 percent gain.
Last year’s completed sales included 66,716 single family homes (about 86 percent of the total) and 10,560 condominiums. The total units and dollar volume are the best since 2007 when members registered 82,197 sales valued at $32.3 billion.
The area-wide median price for last year’s sales of single family homes and condominiums was $285,000, improving on the previous year’s figure of $270,000 (up nearly 5.6 percent). A comparison by county shows median sales prices ranged from $119,900 in Pacific County to $399,750 in King County.
