How Did December, 2009 Home Sales Stack Up in Your Seattle-Eastside Neighborhood?
How did December, 2009 stack up to December, 2008 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 odds of selling a home in each area is a result of the number of homes for sale divided by the actual number of home sales.)
The plateau: Sammamish, Issaquah, North Bend, and Fall City
The odds of selling a home were 20%.
Median sales price dropped from $516,750 to $499,450.
The number of homes for sale dropped by 31% and sales were up by 32.5% from last year.
The odds of selling a home were 13%.
Median sales price dropped from $544,475 to $445,000.
The number of homes for sale dropped by 17% and sales were up by 18%.
The odds of selling a home were 18%.
Median price increased from $539,950 to $610,450.
The number of homes for sale dropped by 25% and sales were up 140%.
Woodinville/Bothell/Kenmore/Duvall/North Kirkland
The odds of selling a home were 16%.
Median price increased to$410,944 from $399,970.
The number of homes for sale declined by 23% and sales were up by 92%.
The odds of selling a home were 15%.
Median price dropped from $694,450 to $491,000.
The number of homes for sale declined by 26% and sales were up by 136%.
The odds of selling a home were 16%.
Median pricing was down from $935,000 to $847,440.
The number of homes for sale decreased by 27% and sales increased by 279%.
Redmond/Education Hill/ Carnation
The odds of selling a home were 15%
Median pricing dropped to $549,950 from $669,970.
The number of homes for sale decreased by 20% and sales increased by 87.5%.
Median home prices increased in December, 2009 from December, 2008 in two eastside areas: South Bellevue/Issaquah and Woodinville/Duvall/North Kirkland/Bothell. In all the other eastside areas, median pricing was down, with the most significant decrease in Kirkland. However, the more positive tone in the real estate market is mirrored by the huge increase in the high end real estate market of West Bellevue. Sales were popping there in December with a huge increase over last year.
Since the number of homes for sale on Seattle’s eastside stands at the lowest number since March, 2007, it bodes well for Seattle real estate. With the extension of the home buyer tax credit, smaller numbers of homes for sale, low interest rates, real estate activity should be brisk in the first part of the year. For those reasons, if you want to sell your home and move in 2010, do it now, rather than later in 2010.
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