Seattle Eastside Condo Sales Through December, 2011 Seattle Eastside condo inventory dipped to 2011′s lowest point in December, 2011. The year began and ended with under 1000 condos for sale. The number of available eastside condos peaked in June with well over 1100 condos for sale. The peak was never really much of a…Read More »
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 »
The December Real Estate Map Showing a Balanced Market Between Buyers and Sellers The Seattle-Eastside real estate market ends 2011 in better shape than we’ve seen in the last four years. There’s a more evenly balanced market between buyers and sellers, which the market is a fairly “normal” one in which some homes sit…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 »
There were more condo sales on the eastside with 156 sales over last year’s 125! There also were 21% fewer condos on the market than in 2010. More sales and fewer condos for sale is a good thing! There were 867 condos for sale in November, with 156 of them receiving offers. Average market time…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 »
Homes in East Bellevue and Redmond near Microsoft sold the fastest on Seattle’s eastside in October. Homes sold in under 2 months, at 59 days. Market time for the other eastside cities, ranged from 99-117 days or just shy of 4 months. This is a reasonable market time as it shows a more of a…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 »