How did November, 2009 stack up to November, 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 23%.
Median sales price remained the same, $552,500.
The number of homes for sale dropped by 27% and sales were up by 77% from last year.
The odds of selling a home were 17%.
Median sales price remained the same, $479,000.
The number of homes for sale dropped by 18% and sales were up by 9%.
The odds of selling a home were 20%.
Median price was the same at $685,000.
The number of homes for sale dropped by 21% and sales were up 71%.
Woodinville/Bothell/Kenmore/Duvall/North Kirkland
The odds of selling a home were 13.5%.
Median price was the same at $411,750.
The number of homes for sale declined by 16% and sales were up by 29%.
The odds of selling a home were 15%.
Median price was the same at $739,000.
The number of homes for sale declined by 21% and sales were up by 148%.
The odds of selling a home were 14%.
Median pricing was the same at $996,500.
The number of homes for sale decreased by 22% and sales increased by 68%.
Redmond/Education Hill/ Carnation
The odds of selling a home were 16%
Median pricing was the same at $559,900.
The number of homes for sale decreased by 21% and sales increased by 19%.
Last month I reported an increase in home prices in the Redmond/Education Hill/Carnation area and was surprised since all the other cities had lower median home prices. This month, however, almost all the median home prices in the different Seattle eastside cities remained the same as November, 2008. This is good news as prices may have stabilized. Since the number of homes for sale on Seattle’s eastside stands at the lowest number since March, 2007, it bodes well for Seattle real estate. With the extension of the home buyer tax credit, smaller numbers of homes for sale, low interest rates, real estate activity should be brisk in the first part of the year. For those reasons, if you want to sell your home and move in 2010, do it now, rather than later in 2010.
Eastside Real Estate Buzz
