Are Homes Selling On Seattle's Eastside?
Wondering what homes are selling on Seattle’s Eastside? A burning question many people are asking. Here’s the answer to that question:
Which Seattle/Eastside Homes Are Selling?
The comments above list the key points presented on the chart. In the first two months of 2009, 86% of the Seattle/Eastside real estate sales occurred below the 750k range and of those sales, 64% were below 500k. The market is shifting dramatically as prices decline and more homes and condos are priced below the 500k benchmark.
As I’ve mentioned in recent blog posts, more sales are happening below the 500k mark than we’ve seen in years. In previous years, the majority of homes sold in the 500-750k price range. You’ll can see evidence of this price shift in the above chart. During the first two months of the year, 36% more properties sold on Seattle’s Eastside priced below 500k than priced between 500-750k, which, in the recent past, used to represent the largest number of home sales.
(area 500-600 are the NWMLS numbers used for the Seattle/Eastside real estate)
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