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Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Home in June, 2010? The odds of selling a home on the Eastside in June, 2010 ranged from a low of 9% to a high of 23%, with an average 15% absorption rate.  For the past few months, the absorption rate for all the Seattle-eastside areas had been in the double digits.  This month, downtown Redmond and Carnation are […]
Financing Interest Rates Are The Lowest in the Last 30 Years I remember when I bought my first home in the mid 1980’s.  I was so excited, the interest rate was at the bottom of the double digits, considering what the early 80’s had to offer with rates in the high teens.  I had friends who purchased in Brooklyn, NY in the early 80’s and were […]
For Buyers Have We Reached This Year's Peak in King County Homes For Sale? Did we hit the peak a couple of weeks ago when the number of homes for sale in King County, WA hit 14,198? There are a lot of homes for sale in King County Washington right now, although the number may be beginning to drop if this year follows typical patterns.  The peak may have […]
Bellevue Real Estate Which Homes are Selling on Seattle's Eastside? The eastside sales here include South Bellevue and Issaquah all the way up to the Snohomish County line and from Lake Washington out to North Bend, Duvall, and Carnation. If you look at the real estate statistics above: Almost half of these Seattle-eastside real estate sales were below $500,000. Over 80% of the eastside home […]
For Buyers Are Some Home Buyers More Demanding in Today's Real Estate Market? Demanding home buyers? The New York Times had an article about home buyers being more demanding. I’ve seen it in action on Seattle’s eastside. In recent home sales, not only do the buyers want a good price for the home, which is expected the way the real estate market has been, but some home buyers […]
Bellevue Real Estate "Green" is Back on the Seattle-Eastside's Real Estate Map, May, 2010 During May “green” crept back into a number of Seattle areas.  One large area on the eastside, Woodinville, Bothell, Kenmore, Duvall, and north Kirkland was “green,” back as a buyer’s market. April  was the first month in a very long time in which there was no ” green,” no buyers’ markets in almost all the […]
Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Condo in May, 2010? (The absorption rate, the percentage of condos selling, is the number of condos for sale in any given month divided by the actual number of condos sold that month.  So if the absorption rate or chance of selling is 10% that means out of 100 condos for sale, 10 received offers and sold.) May, 2010                   1425 condos for sale      […]
Bellevue Real Estate How Did May, 2010 Seattle-Eastside Real Estate Sales Stack Up in Your 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 May, 2009 stack up to May, 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 […]
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Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Home in May, 2010? The odds of selling a home on the Eastside in May, 2010 ranged from a low of 12% to a high of 20%, with an average 16.5% absorption rate.  Contrast this with April, 2010 odds with a low of 20% to a high of 35%, averaging a 27% absorption rate. May’s numbers look more like […]
Bellevue Real Estate Make More Money Selling Your Home, Part 6, Replace Your Carpet Mr and Mrs. Home Seller ask: “Why don’t we let the buyers pick out the new carpet?  We don’t know what color they may want.” This is one of the most common sentiments I’ve heard over the years from home sellers.  Sellers often think it’s best to leave the old carpet, offer a carpet allowance […]
For Buyers Are You Painting or Remodeling? New Lead Paint Laws For Homes Built Before 1978 Was your home built before 1978? If so, then if you do any painting or remodeling you or your contractor have to follow new federal guidelines for painting and renovating homes built before 1978. From The Wall Street Journal: As of late last month, businesses that repair or renovate older buildings—specifically homes, schools and daycare […]
For Buyers Do You Want to List Your Home or Get It Sold? “Can I start out pricing my home higher and then come down in price?” This is one of the most common questions I get asked by people planning to sell their home. Statistics from March Seattle-eastside home sales show a home will sell faster and for a better price if priced correctly to start.  Overpricing […]
Bellevue Real Estate There's No Green on The Seattle-Eastside Real Estate Map April, 2010 What do the numbers on the map mean? The map is divided into the numbered areas as defined by our Northwest Multiple Listing Service (NWMLS).  Downtown Bellevue is area 520 and East Bellevue is area 530, as an example. What do the colors mean? Red means it’s a sellers’ market, a sellers’ advantage. Yellow means […]
Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Condo in April, 2010? (The absorption rate, the percentage of condos selling, is the number of condos for sale in any given month divided by the actual number of condos sold that month.  So if the absorption rate or chance of selling is 10% that means out of 100 condos for sale, 10 received offers and sold.) April, 2010                  1437 condos for sale       […]
Bellevue Real Estate How Did April, 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 April, 2009 stack up to April, 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 […]
Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Home in April, 2010? The odds of selling a home on the Eastside in April, 2010 ranged from a low of 20% to a high of 35%, with an average 27% absorption rate. (The absorption rate is the number of homes for sale in any given month divided by the actual number of homes sold that month.) April, 2010                3084 homes for sale       847 […]
For Homeowners Make More Money Selling Your Home, Part 5, Moldings and Doors Make more money selling your home is my series on getting your home sold, not just getting it ready to sell, but getting it sold. These posts are a series of suggestions for things you can do to update your home before you sell it.  Updated homes sell faster and for more money than homes […]
2010 Home buyer Tax Credit The First Big Decline in Homes for Sale in King County Washington Twelve days ago I wrote a post that King County properties for sale was rapidly heading up to the 2009 high.  Just last week we were within 300+ homes/condos of the 2009 peak, which stands at 13,861.  There 13,515 homes/condos for sale in King County that week. This week we see the first big decline, […]
For Sellers Make More Money Selling Your Home, Part 4, Dress Up the Front Door You’re a home buyer out looking at homes. You pull in front of a home that looks kind of interesting.  You stand by the front door as your agent gets the key out of the key box to open the door.  You look around the entrance and notice dirt and scuff marks on the front […]
Bellevue Real Estate Seattle-Eastside New Condo Buildings Still Standing Half Empty Seattle-eastside new condo buildings are standing half empty. American Public Media took a look at the Seattle and Bellevue condo market in a piece aired on NPR last week. Below are some of the key points: Escala, here in front of us, it’s 230 units. And they’ve only sold two in the last year-and-a-half. The […]
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