Home Business & Commerce Real Estate February Real Estate Analysis in Burien

February Real Estate Analysis in Burien

It is hard to believe we are already midway through February! We have experienced some fun PNW winter weather with crisp & clear days and even a little surprise thunder & snow. The real estate is also showing signs of mixed temperatures as well. 

We started the year in a chilly winter hibernation state & we are slowly but surely thawing out and heading into spring. 

In fact, some price points are hot & back in full swing!

Properties listed under a million dollars are, without a doubt, in a sizzling seller’s market.  

Inventory remains far too low for demand resulting in the return of multiple offers. However, the major difference between now and 2020-2021 is prices are staying the same at the massive amounts they had been. The highest escalation I found for our Burien area in 2023 was 11.5% (still a significant increase for a seller).

Here is a chart illustrating the current activities for the Burien Real Estate Market:

List Price # of active List Price # of pending Sold Price # sold since January
$500-$600k 13 $500-$600k 10 $500-$600k 7
$600-$700k 7 $600-$700k 9 $600-$700k 8
$700-$800k 3 $700-$800k 2 $700-$800k 4
$800-$900k 2 $800-$900k 4 $800-$900k 5
$900k-$1.0M 3 $900k-$1.0M 2 $900k-$1.0M
$1.0-$1.2M 6 $1.0-$1.2M $1.0-$1.2M
$1.2-$1.4M 3 $1.2-$1.4M $1.2-$1.4M 2
$1.4-$1.6M 1 $1.4-$1.6M $1.4-$1.6M
$1.6-$1.8M 1 $1.6-$1.8M $1.6-$1.8M
$1.8-$2.0M 2 $1.8-$2.0M $1.8-$2.0M
$2.0M+ 1 $2.0M+ $2.0M+ 2
Total 42 Total 27 Total 28


As you can see, only 42 active listings… remain a firm time for sellers.

We all know that Burien is truly a hidden gem and definitely being discovered, which leads to an active, exciting real estate market here in our city!

Please continue to love our local businesses!

Angie Hall

Belle Residence

Previous articleUrban Forestry Event at Hilltop Park This Friday (2/24/2023)
Next articleHelp Highline Baseball While Attending a Mariner’s Game

Leave a Reply