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Seattle Economist's Predictions for the 2011 Real Estate Market, Part II

Matthew Gardner, of Gardner Economics,  spoke at our annual Windermere Real Estate/East, Inc kick-off meeting today.  Mr. Gardner shared his thoughts about the local economy and Seattle real estate. Here are some of the highlights: Seattle will recover more quickly than other parts of the west. Growth will be slow and from the center, Seattle,…Read More »

Seattle Economist Makes Real Estate Predictions

Thinking about the economy in 2011?   Who isn’t these days? Local economist, Matthew Gardner presented his predictions for next year’s economy and the real estate market. (photo: Andrew@cubagallery) Here are a few of his predictions for 2011: Economic growth will remain slow, particularly for the first half of the year. An “easing” in the…Read More »

This Past Month Seattle Eastside Real Estate Was Balanced Between Buyers and Sellers

The Seattle-eastside market is balanced.  Surprised by that?  Here’s why I say this: A balanced market is when homes on average are selling in 3-6 months.  This means there was a more level playing field between buyers and sellers during that particular month, in this case November 2010.  Given the news we hear, it’s surprising…Read More »

How Was The Seattle Eastside Condo Real Estate Market in November, 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.) November, 2010         1191 condos for sale      …Read More »

How Did November, 2010 Real Estate Sales Do In Your Seattle-Eastside Neighborhood?

In 5 of the 7 Seattle-eastside real estate areas, sales percentages were up by a lot from last year!  Sales increases ranged from 13.5% in Redmond/Carnation to 47% in Redmond/East Bellevue. We also saw a huge drop in the number of homes for sale on Seattle’s eastside over the past few months.  A higher percentage…Read More »

Are We Seeing The Number of Homes On The Market in King County Dropping?

It’s easy to see that King County real estate is following the national trend right now. There are fewer homes on the market than just a few weeks ago and, definitely, from a few months ago.  The peak of the competition was back in the last week of July when there were 14,639 homes on…Read More »

How Was The Seattle-Eastside Condo Market in October, 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.) October, 2010        …Read More »

How Did October, 2010 Real Estate Sales Do In Your Seattle-Eastside Neighborhood?

Ok, the real estate market is slower, that much we all know, but it’s not dead and there are homes selling. These are the homes that stand out compared to the competition, because they show well and are seen as a value.  Today’s pricing is similar to 2005 pricing.  I’ll post another piece which shows…Read More »

How Was The Seattle-Eastside Real Estate Market in October, 2010?

How Many Home Sales on Seattle's Eastside Are Distressed Properties?

Are there a lot of distressed property sales on Seattle’s eastside? These are bank owned/foreclosed properties and “short sales,” requiring 3rd party or bank approval. A short sale is when the seller is selling the home for less than the amount owed to the bank, so the seller is “short” on what is owed to…Read More »


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