How Did March, 2010 Home Sales Stack Up in Your Seattle-Eastside Neighborhood?

[googlemaps http://maps.google.com/maps?source=s_q&hl=en&geocode=&q=Seattle-eastside&sll=47.709762,-122.011414&sspn=0.310487,0.911865&ie=UTF8&split=1&radius=21.22&rq=1&ev=zo&hq=Seattle-eastside&hnear=&ll=47.709762,-122.011414&spn=0.310487,0.911865&t=h&output=embed&w=425&h=350]

How did March, 2009 stack up to March, 2010 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 31%.

Median sales price dropped from $513,025 to $497,500.

The number of homes for sale dropped by 22% and sales were up by 154% from last year.

West Redmond/East Bellevue

The odds of selling a home were 34%.

Median sales price dropped from $499,000  to $464,995.

The number of homes for sale dropped by 12% and sales were up by 84%.

South Bellevue/Issaquah

The odds of selling a home were 27%.

Median price increased to $539,450 from $519,900.

The number of homes for sale dropped by 24% and sales were up 93%.

Woodinville/Bothell/Kenmore/Duvall/North Kirkland

The odds of selling a home were 26%.

Median price decreased to $396,725 from $450,000.

The number of homes for sale declined by 18% and sales were up by 68%.

Kirkland

The odds of selling a home were 22%.

Median price increased to $515,000 from $490,000.

The number of homes for sale declined by 22% and sales were up by 118%.

West Bellevue

The odds of selling a home were 18%.

Median pricing was down from $1,185,000 to $921,500.

The number of homes for sale decreased by 28% and sales increased by 24%.

Redmond/Education Hill/ Carnation

The odds of selling a home were 29%

Median pricing increased from $481,450 to $529,450.

The number of homes for sale decreased by 21% and sales increased by 18%.

When compared to March, 2009, three areas of Seattle’s eastside showed an increase in median prices including South Bellevue and Issaquah, Redmond and Carnation, and Kirkland.  South Bellevue and Issaquah home prices remained steady for the third month in a row, which is the only area on the eastside to experience a consistent upswing in pricing.

The most significant decrease was in pricing was in West Bellevue, where median home values dropped by 22%.  Most Seattle-eastside neighborhoods experienced a reduction in sales price.

Home sales, on the other hand, continued to be strong all over the eastside.  Sales increases ranged from 18% in Redmond and Carnation to 154% on the plateau, Sammamish and Issaquah.

Twenty-one percent less homes are for sale on the eastside than last year.  Although over 200 more homes are for sale than in February, which is typical for this time of year.

Seattle eastside home sales should continue to be strong through April.  We’ll see what happens after that time, however, I don’t expect much to change for the higher price ranges.  And nothing may change at all.  We could continue to have a strong real estate market.

What’s happening in your area?

Posted on April 9, 2010 at 9:45 am
The Beaupain Team | Category: Bellevue Real Estate, For Buyers, For Homeowners, For Sellers, Issaquah Real Estate, King County Real Estate, Kirkland, Real Estate, Redmond, Sammamish, WA Real Estate, Seattle real estate, WA real estate, Woodinville, WA Real Estate | Tagged , , , , ,

One response to “How Did March, 2010 Home Sales Stack Up in Your Seattle-Eastside Neighborhood?”

  1. […] The Number of King County WA’s Properties For Sale is Climbing In For Buyers, For Sellers, King County Real Estate, King County, WA, Seattle real estate, market statistics, real estate on April 21, 2010 at 10:38 am The number of properties for sale in King County Washington is climbing. The total took a big jump over the last few weeks when 783 properties came up for sale.  Since January when the year started with 9726 King County properties for sale, the numbers have gone up by 28%.  Right now, the total is just 452 shy of the highest number of properties on the market in 2009. The big difference in 2010 is sales activity is going strong and beating 2009 numbers by a huge margin in all areas. Some Seattle neighborhoods, like Queen Anne, are seeing multiple offers.   In the area where I work,  Seattle’s eastside, has had double and triple digit increases in home and condo sales. […]

Leave a Reply

Your email address will not be published. Required fields are marked *