How Many Homes Sold on Seattle’s Eastside in December, 2011? We have to go back before the bubble burst to February 2007 to find so few homes for sale on Seattle’s eastside! There’s a healthy number of homes for sale on the eastside, 1897 at the close of December, so there are good choices for…Read More »
At the start of 2012, there are less than 8000 homes for sale in King County! Compare this number to the start of the last three years: 2011: 10,008 homes for sale 2010: 9726 homes for sale 2009: 11,363 homes for sale The old law of supply and demand is at work here and…Read More »
If you lived in Kirkland and had your home for sale last month, the odds of it selling in November were 31%, the strongest absorption rate to be found on the eastside.* The homes in East Bellevue and Redmond areas around Microsoft had a 29% chance of selling. Chances of selling ranged from 11-22.5% in…Read More »
If you read the news about Seattle real estate, it could make you crazy! It’s hard to determine what’s true and what is hype. There’s some tough news that dominates and then there is some news that is actually good. You know how it is, bad news always travels faster than good news, no matter…Read More »
Brooks and I just sold a home in Redmond which had multiple offers. A contract was in hand, when the very next day I received phone calls from both an agent and a prospective buyer who wanted to see the home. They were a day late. It was gone. It was sold. Here on the…Read More »
Yes, Virginia, there was a decline in median pricing on Seattle’s eastside in October. The Seattle media got everyone a little nervous about real estate when it stated there had been a 15% y-o-y price drop in King County real estate prices from October of 2010 to 2011. I talked with several clients who…Read More »
My last post focused on distressed sales in the counties around Seattle, a huge area. This post focuses on the eastside cities across Lake Washington from Seattle. The hardest hit area for distressed property sales on Seattle’s eastside is what we Realtors call area 600 (see bottom of the chart above) which encompasses north Kirkland,…Read More »
Seattle’s eastside real estate market was very steady in September, 2011. It’s not dramatic with the highs and lows of the recent past, which is refreshing, plus eastside real estate sales are moving and moving well. It looks as if the peak of real estate sales for the year was back in May, when 24%…Read More »
Seattle-eastside condo sales The number of condos to receive offers on Seattle’s eastside skyrocketed by 62% over last August. This good news was coupled with 31% fewer condos on the market. In August, there were 1032 condos for sale. Two hundred thirteen received offers and sold, representing an absorption rate of 21%. Even though the…Read More »
The Seattle-eastside real estate market is only getting better and better! August home sales beat July and were way ahead of last August. This August was one of the best real estate markets in years! Real estate sales were hopping. Thirty-three percent more homes received accepted offers this August than August of 2010. Almost 20%…Read More »