How did October, 2009 stack up to October, 2008 in your neighborhood?
(Click on the cities below to see real estate trends for the past 5 years. You’ll find the median pricing for each city and whether the number of homes for sale and the number of sales went up or down. The odds of selling a home in each area is a result of the number of homes for sale divided by the actual number of home sales.)
The plateau: Sammamish, Issaquah, North Bend, and Fall City
The odds of selling a home were 26%.
Median sales price decreased by 9% from $559,000 to $509,000.
The number of homes for sale dropped by 33% and sales were up by 119% from last year.
The odds of selling a home were 19%.
Median sales price decreased to $445,000 from $484,725, a decrease of 9%
The number of homes for sale dropped by 23.5% and sales were up by 53%.
The odds of selling a home were 23%.
Median price increased by 4% to $592,500 from $569,900.
The number of homes for sale dropped by 21% and sales were up 156%.
Woodinville/Bothell/Kenmore/Duvall/North Kirkland
The odds of selling a home were 16%.
Median price was down to $429,975 from $533,925, a 19.5% decrease.
The number of homes for sale declined by 15% and sales were up by 89%.
The odds of selling a home were 18%.
Median price decreased by 29.5%, from $709,475 to $500,000.
The number of homes for sale declined by 23% and sales were up by 142%.
The odds of selling a home were 14%.
Median pricing decreased by 18% from $1,399,000 to $1,150,000.
The number of homes for sale decreased by 16% and sales increased by 100%.
Redmond/Education Hill/ Carnation
The odds of selling a home were 23%
Median pricing increased by 6% to $449,995 from $472,425.
The number of homes for sale decreased by 16% and sales increased by 190%.
The increase in sales was huge all over the Eastside. Surprising, but maybe not so surprising, the increase in sales was the smallest in the area that has traditionally been the strongest over the last few years, the East Bellevue/Redmond area near Microsoft. This could be the result of a few factors. One is Microsoft is not hiring as many people and is also doing some layoffs. Also, with the area so strong in home sales over the years, other areas are starting to catch up more in the number of sales.
Two areas saw an increase in median pricing from last year, downtown Redmond and Carnation and South Bellevue and Issaquah. This is a real surprise, since every area has shown a decline in prices. This may be an anomaly, so I’ll check it out next month.
Eastside Real Estate Buzz
[...] Seattle area home sales are way up. [...]