How Many Condos Sold on Seattle's Eastside in May, 2011?

Seattle eastside condos sales dropped a bit from April’s high, but sales were still strong.  Condos are still selling better than they have in the last few years.  The number of condos for sale has increased slightly each month since January, but the number is still really low when compared to last year.
Condo Real Estate Sales on Seattle's Eastside

Seattle Eastside Condo Sales Through May, 2011

There were 1126 condos for sale on the eastside and 207 of them received offers.  Eighteen percent of the condos for sale had accepted offers.  May’s odds of selling were far better than any month during all of 2010.  But the odds were still slightly less than 20%, so it’s very competitive out there.  Price and condition are so important.

Buyers still have a lot of choices and are generally not in a rush to buy, so if you’re selling your condo, be careful to keep up with the changes in the market.  Make sure to get an update on any competition at least every 2 weeks. Too much happens during a month’s time to wait 30 days to look at the competition.   Your condo could get left behind,  if better priced homes are up for sale.

If you plan to sell your condo in the near future, feel free to contact me if you have questions about what you need to do to get ready to sell. Every seller has to do a few things before putting a home on the market.   If your home is positioned properly, it can be one of the lucky ones to get an offer.

Posted on June 14, 2011 at 4:34 pm
The Beaupain Team | Category: Bellevue Real Estate, For Buyers, For Sellers, Issaquah Real Estate, King County Real Estate, Kirkland, Market Statistics, Real Estate, Redmond, Sammamish, WA Real Estate, Seattle real estate, Woodinville, WA Real Estate | Tagged , , , , ,

2 responses to “How Many Condos Sold on Seattle's Eastside in May, 2011?”

  1. Jim Hoge says:

    Hi Debra, from what I’ve seen, it looks like the market is heating back up again in Seattle, despite little drop-offs in May. Would you say that’s a fair assessment?

  2. Debra Sinick says:

    Yes, Jim. I agree with you regarding the market. Buyers are buying more now than they have been in the last four years. But there are still homes and condos that are taking longer to sell because they are not priced right or they don’t show well. It’ s a great market for the well priced, show quality homes.

    Buyers are lucky in that there are still some great choices out there.

    Thanks for stopping by!

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