How Many Homes Sold in Your Seattle-Eastside Neighborhood in July, 2011?

[googlemaps http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=Bellevue,+WA&sll=37.0625,-95.677068&sspn=23.403932,58.271484&ie=UTF8&hq=&hnear=Bellevue,+King,+Washington&ll=47.610377,-122.200679&spn=0.310148,0.910492&z=10&output=embed&w=425&h=350]

How many homes sold in June, 2011 in your neighborhood?

It’s uncanny to see how similar July real estate sales on Seattle’s eastside were to June’s sales results.  On most of the eastside, the numbers varied only slightly from June.  Twenty-three percent of the homes for sale on the eastside sold, with the Redmond and Bellevue area around Microsoft leading the way with 38% of the homes selling.  In the majority of eastside neighborhoods, the chance of selling a home ranged between 20-23%.

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, so if 10 out of 100 homes sold, the odds of selling would be 10/100 or 10%)

The plateau:  Sammamish, Issaquah, North Bend, and Fall City

The odds of selling a home were 20%.

Median sales price dropped: $539,950 to $519,000.

There were 771 homes for sale.

A total of 165 homes sold.

Redmond/East Bellevue

The odds of selling a home were 38%.

Median sales price increased from $422,475 to $429,950.

189 homes were for sale

A total of 85 homes sold.

South Bellevue/Issaquah

The odds of selling a home were 24%.

Median price decreased from $599,475 to $578,500.

380  homes were for sale.

A total of 110 homes sold.

Woodinville/Bothell/Kenmore/Duvall/North Kirkland

The odds of selling a home were 23%.

Median price was down from $499,950 to $369,475.

598 homes were for sale.

A total of 158 homes sold.

Kirkland

The odds of selling a home was 23%.

Median price decreased from $549,900 to $541,500.

288 homes were for sale.

A total of 76 homes sold.

West Bellevue

The odds of selling a home were 20%.

Median pricing decreased from $1,299,000 to $1,074,475.

175 homes were for sale.

A total of 42 homes sold.

Redmond/Education Hill/ Carnation

The odds of selling a home were 20%

Median pricing increased from $548,000 to $549,000.

337 homes were for sale.

A total of 75 homes sold.

If you’d like more specific information about your neighborhood or home, feel free to contact me.



Posted on August 16, 2011 at 4:06 pm
The Beaupain Team | Category: Bellevue Real Estate, Bellevue, WA, For Buyers, For Sellers, Issaquah Real Estate, Issaquah, WA, King County Real Estate, King County, WA, Kirkland, Market Statistics, Real Estate, Redmond, Sammamish, WA, Sammamish, WA Real Estate, Seattle real estate, Woodinville, WA, Woodinville, WA Real Estate | Tagged , , , , , , , , , , ,

How Many Real Estate Sales Were in Your Seattle-Eastside Neighborhood in June, 2011?

[googlemaps http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=Bellevue,+WA&sll=37.0625,-95.677068&sspn=23.403932,58.271484&ie=UTF8&hq=&hnear=Bellevue,+King,+Washington&ll=47.610377,-122.200679&spn=0.310148,0.910492&z=10&output=embed&w=425&h=350]

How many homes sold in June, 2011 in your neighborhood?

June continued to be a strong month for real estate sales on Seattle’ eastside.  In fact, June may have been the strongest month for real estate sales on Seattle’s eastside in four years.  The Puget Sound Business Journal stated more homes sold this month than in recent months.  Every area did far better than previous months and previous years.   The Redmond and Bellevue area around Microsoft led the pack with almost 40% of the homes selling.  Almost every other area had a minimum of 20% of the homes selling.  More homes are selling than we’ve seen in years, but there are still a lot of homes that are languishing on the market.  Know your competition, so your home will land in the 20%+ homes that are selling.

A past client of mine is moving back to the eastside after about 5 years.  He was really surprised to hear that the homes near Microsoft are actually more affordable than those in South Bellevue.  The Bellevue Schools are getting a lot of press because several of the high schools are landing on top 100 lists of the top high schools.  But in reality, parts of Bellevue have  been more expensive for years because of the easy I-90 access to Seattle.  This may explain why the area around Microsoft is usually the hottest real estate market.  It’s a great location, close to jobs, has good schools, and slightly more affordable housing prices.

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, so if 10 out of 100 homes sold, the odds of selling would be 10/100 or 10%)

The plateau:  Sammamish, Issaquah, North Bend, and Fall City

The odds of selling a home were 23%.

Median sales price dropped: $525,000 to $494,950.

There were 765 homes for sale.

A total of 190 homes sold.

Redmond/East Bellevue

The odds of selling a home were 38%.

Median sales price decreased to $449,900 from $482,500.

193 homes were for sale

A total of 79 homes sold.

South Bellevue/Issaquah

The odds of selling a home were 21%.

Median price decreased from $599,994 to $519,000

364 homes were for sale.

A total of 91  homes sold.

Woodinville/Bothell/Kenmore/Duvall/North Kirkland

The odds of selling a home were 23%.

Median price was down from $419,973 to $369,950.

572 homes were for sale.

A total of 147 homes sold.

Kirkland

The odds of selling a home was 19.5%.

Median price decreased from $624,950 to $535,000.

286 homes were for sale.

A total of 71 homes sold.

West Bellevue

The odds of selling a home were 20%.

Median pricing decreased from $890,000 to $719,950.

181 homes were for sale.

A total of 43 homes sold.

Redmond/Education Hill/ Carnation

The odds of selling a home were 20.5%

Median pricing increased from $474,950 to $549,900.

331 homes were for sale.

A total of 77 homes sold.

If you’d like more specific information about your neighborhood or home, feel free to contact me.



Posted on July 19, 2011 at 11:18 am
The Beaupain Team | Category: Bellevue Real Estate, Bellevue, WA, For Buyers, For Sellers, Issaquah Real Estate, Issaquah, WA, King County Real Estate, King County, WA, Kirkland, Market Statistics, Real Estate, Redmond, Sammamish, WA, Seattle real estate, Woodinville, WA, Woodinville, WA Real Estate | Tagged , , , , , , , , , , , , ,

How Many Real Estate Sales Were in Your Seattle Eastside Neighborhood in May, 2011?

[googlemaps http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=Bellevue,+WA&sll=37.0625,-95.677068&sspn=23.403932,58.271484&ie=UTF8&hq=&hnear=Bellevue,+King,+Washington&ll=47.610377,-122.200679&spn=0.310148,0.910492&z=10&output=embed&w=425&h=350]

How many homes sold in May, 2011 in your neighborhood?

May real estate sales are proof again that real estate is local. Seattle eastside real estate is doing relatively well when compared to the last few years and to other parts of the country.  Regardless of what the national news reports about real estate, Seattle area real estate sales are better than most parts of the country.

In most eastside areas, roughly 1/4-1/3 of the homes on the market sold.  In some areas of the eastside, such as East Bellevue, Redmond near Microsoft, and Kirkland, more than 30% of the available homes sold.   These areas tend to shine, particularly East Bellevue and Redmond, near Microsoft. These neighborhoods have a mix of housing styles and prices and are located close to good schools and jobs.  The areas that are further out tend to be on the slower end of the sales spectrum. More home buyers in today’s market are looking for the convenience of living close to amenities.

I also should qualify my statements regarding the market.  Prices are not up, but remained stable in some areas and lost ground in others.

Seattle’s eastside has a “normal” real estate market when considering the market over the last few years.  A “normal” market means everything is happening from homes selling the minute they hit the market to homes taking months to sell and at reduced prices. The “hot” homes are selling.  “Hot” homes are great values with a good price tag, are staged and ready to go.  The homes that are not “hot” are taking a long time to sell and go through several price reductions before getting an offer.

From the Seattle Times Eric Pryne:

While the rise in pending sales was more modest on the Eastside, King County’s priciest area, closed single-family sales in May actually were up 6 percent from the same month last year — bucking the countywide trend — while prices fell just 4 percent, less than half the countywide drop.

Windermere’s Deasy attributed that in part to hiring by major Eastside employers. “People will start to see houses sell before they have a chance to act on them,” he predicted.

Eastside condo sales also were up from May 2010, climbing 15 percent. Countywide, however, condo sales fell nearly 4 percent, and the median price — $215,000 — was down 14 percent.

(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, so if 10 out of 100 homes sold, the odds of selling would be 10/100 or 10%)

The plateau:  Sammamish, Issaquah, North Bend, and Fall City

The odds of selling a home were 22%.

Median sales price dropped: $559,880 to $487,000.

There were 752 homes for sale.

A total of 186 homes sold.

Redmond/East Bellevue

The odds of selling a home were 34%.

Median sales price decreased to $409,000 from $480,000.

189 homes were for sale

A total of 73 homes sold.

South Bellevue/Issaquah

The odds of selling a home were 29%.

Median price decreased from $624,975 to $538,000.

342 homes were for sale.

A total of 113  homes sold.

Woodinville/Bothell/Kenmore/Duvall/North Kirkland

The odds of selling a home were 28%.

Median price was down from $451,126 to $375,000.

541 homes were for sale.

A total of 177 homes sold.

Kirkland

The odds of selling a home was 30%.

Median price decreased from $575,000 to $538,500.

282 homes were for sale.

A total of 94 homes sold.

West Bellevue

The odds of selling a home were 29%.

Median pricing increased from $1,280,000 to $1,350,000.

167 homes were for sale.

A total of 51 homes sold.

Redmond/Education Hill/ Carnation

The odds of selling a home were 21%

Median pricing decreased from $519,950 to $411,950.

325 homes were for sale.

A total of 74 homes sold.

If you’d like more specific information about your neighborhood or home, feel free to contact me.



Posted on June 15, 2011 at 3:49 pm
The Beaupain Team | Category: Bellevue Real Estate, For Buyers, For Sellers, Issaquah Real Estate, King County Real Estate, Kirkland, Market Statistics, Real Estate, Redmond, Sammamish, WA Real Estate, Woodinville, WA Real Estate | Tagged , , , , , , , , , , , , , , , , ,

How Many Homes Sold in Your Seattle Eastside Neighborhood in April, 2011?

[googlemaps http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=Bellevue,+WA&sll=37.0625,-95.677068&sspn=23.403932,58.271484&ie=UTF8&hq=&hnear=Bellevue,+King,+Washington&ll=47.610377,-122.200679&spn=0.310148,0.910492&z=10&output=embed&w=425&h=350]

How many homes sold in April, 2011 in your neighborhood?

The increasing number of home sales on Seattle’s eastside continues, despite what the news media is saying.  Every month of this year has had a big increase in the number of home sales over the previous month.  It would be great if our news reporting could be more balanced.  Our real estate market is more balanced, so let’s hope the media figures it out!  One local news source did peg the market fairly well.

Right now, Seattle’s eastside has the most “normal” real estate market that we’ve seen in years.  A “normal” market means everything is happening from homes selling the minute they hit the market to homes taking months to sell and at reduced prices. The “hot” homes are selling.  “Hot” homes are great values with a good price tag, are staged and ready to go.  The homes that are not “hot” are taking a long time to sell and go through several price reductions before getting an offer.

The other issue working in favor of a more positive real estate market is that in every area on the eastside, except Sammamish, there are fewer homes on the market.  Less supply=more demand.

(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, so if 10 out of 100 homes sold, the odds of selling would be 10/100 or 10%)

The plateau:  Sammamish, Issaquah, North Bend, and Fall City

The odds of selling a home were 20%.

Median sales price dropped: $514,950 to $499,900.

There were 701 homes for sale.

A total of 161 homes sold.

Redmond/East Bellevue

The odds of selling a home were 32%.

Median sales price decreased by 11% to $400,000 from $450,000.

176 homes were for sale

A total of 59 homes sold.

South Bellevue/Issaquah

The odds of selling a home were 24%.

Median price decreased from $599,900 to $568,800.

322 homes were for sale.

A total of 91  homes sold.

Woodinville/Bothell/Kenmore/Duvall/North Kirkland

The odds of selling a home were 26%.

Median price was down from $409,500 to $397,000.

559 homes were for sale.

A total of 160 homes sold.

Kirkland

The odds of selling a home were 30%.

Median price decreased from $575,000 to $538,500Z .

282 homes were for sale.

A total of 94 homes sold.

West Bellevue

The odds of selling a home were 22%.

Median pricing was down from $849,000 to $649,995.

170 homes were for sale.

A total of 45 homes sold.

Redmond/Education Hill/ Carnation

The odds of selling a home were 23%

Median pricing decreased from $514,995 to $462,475.

299 homes were for sale.

A total of 80 homes sold.

If you’d like more specific information about your neighborhood or home, feel free to contact me.



Posted on May 12, 2011 at 4:43 pm
The Beaupain Team | Category: Bellevue Real Estate, Bellevue, WA, For Buyers, For Sellers, Issaquah Real Estate, Issaquah, WA, Kirkland, Market Statistics, Real Estate, Redmond, Sammamish, WA, Sammamish, WA Real Estate, Seattle real estate, Woodinville, WA, Woodinville, WA Real Estate | Tagged , , , , , , , , , , , , , , , , ,

How Many Real Estate Sales Were in Your Seattle-Eastside Neighborhood in March, 2011?

[googlemaps http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=Bellevue,+WA&sll=37.0625,-95.677068&sspn=23.403932,58.271484&ie=UTF8&hq=&hnear=Bellevue,+King,+Washington&ll=47.610377,-122.200679&spn=0.310148,0.910492&z=10&output=embed&w=425&h=350]

How many homes sold in March, 2011 in your neighborhood?

The number of home sales for the eastside took a huge jump over last month’s total.  Each month of 2011 has seen a big increase in sales.

Are the sales stronger than March of 2010?  No, they’re not.  But remember, in March, 2010, buyers were scrambling to buy to get the tax credit.  This March, buyers are out buying because they’re ready to buy, not because a tax credit is dangling in front of them.  It’s been great to see the amount of activity in each neighborhood on the eastside.  In reality, it’s the hot homes that are selling.  “Hot” homes are great values with a good price tag and are staged and ready to go.  The homes that are not “hot” are taking a long time to sell and go through a lot of price reductions before getting an offer.

(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, so if 10 out of 100 homes sold, the odds of selling would be 10/100 or 10%)

The plateau:  Sammamish, Issaquah, North Bend, and Fall City

The odds of selling a home were 23%.

Median sales price dropped: $497,500 to $466,500.

There were 637 homes for sale.

A total of 160 homes sold.

Redmond/East Bellevue

The odds of selling a home were 29%.

Median sales price increased by .5% to $467,250 from $464,995.

166 homes were for sale

A total of 64 homes sold.

South Bellevue/Issaquah

The odds of selling a home were 32.5%.

Median price increased from $539,450 to $571,470.

281 homes were for sale.

A total of 100  homes sold.

Woodinville/Bothell/Kenmore/Duvall/North Kirkland

The odds of selling a home were 27%.

Median price was down from $396,725 to $359,900.

556 homes were for sale.

A total of 175 homes sold.

Kirkland

The odds of selling a home were 25%.

Median price increased to $559,000 from $515,000, an 8.5% increase.

278 homes were for sale.

A total of 84 homes sold.

West Bellevue

The odds of selling a home were 25%.

Median pricing was down from $921,500 to $780,000.

169 homes were for sale.

A total of 46 homes sold.

Redmond/Education Hill/ Carnation

The odds of selling a home were 24%

Median pricing decreased from $529,450 to $461,950.

287 homes were for sale.

A total of 86 homes sold.

If you’d like more specific information about your neighborhood or home, feel free to contact me.



Posted on April 13, 2011 at 11:40 am
The Beaupain Team | Category: Bellevue Real Estate, For Buyers, For Sellers, Issaquah Real Estate, Issaquah, WA, Kirkland, Market Statistics, Real Estate, Redmond, Sammamish, WA Real Estate, Seattle real estate, Woodinville, WA, Woodinville, WA Real Estate | Tagged , , , , , , , , , , , , , , , , ,

How Many Real Estate Sales Were in Your Seattle-Eastside City in February 2011?

[googlemaps http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=Bellevue,+WA&sll=37.0625,-95.677068&sspn=23.403932,58.271484&ie=UTF8&hq=&hnear=Bellevue,+King,+Washington&ll=47.610377,-122.200679&spn=0.310148,0.910492&z=10&output=embed&w=425&h=350]

How well did homes sell in February, 2011 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, so if 10 out of 100 homes sold, the odds of selling would be 10/100 or 10%)

Thirty-five percent of the homes for sale around Microsoft in Redmond and East Bellevue sold last month.  That’s an incredible number and one we haven’t seen for years.  Overall, February was the most positive month for eastside home sales in the past several years!

The plateau:  Sammamish, Issaquah, North Bend, and Fall City

The odds of selling a home were 23%.

Median sales price dropped: $499,995 to $489,990.  Home values have been more stable here than anywhere else on the eastside.

There were 605 homes for sale.

A total of 153 homes sold.

Redmond/East Bellevue

The odds of selling a home were 35%.

Median sales price increased by 2% to $430,000 to $439,950.

157 homes were for sale

A total of 57 homes sold.

South Bellevue/Issaquah

The odds of selling a home were 25.5%.

Median price decreased from $579,990 to $500,000.

283 homes were for sale.

A total of 83 homes sold.

Woodinville/Bothell/Kenmore/Duvall/North Kirkland

The odds of selling a home were 24.5%.

Median price was down from $397,000 to $375,000.

549 homes were for sale.

A total of 150 homes sold.

Kirkland

The odds of selling a home were 20%.

Median price increased to $542,725 from $537,500, a 1% increase.

251 homes were for sale.

A total of 60 homes sold.

West Bellevue

The odds of selling a home were 18%.

Median pricing was down from $981,750 to $899,000.

174 homes were for sale.

A total of 37 homes sold.

Redmond/Education Hill/ Carnation

The odds of selling a home were 16%

Median pricing decreased from $474,950 to $450,000.

293 homes were for sale.

A total of 52 homes sold.

If you’d like more specific information about your neighborhood or home, feel free to contact me.



Posted on March 18, 2011 at 10:30 am
The Beaupain Team | Category: Bellevue Real Estate, Bellevue, WA, For Buyers, For Sellers, Issaquah Real Estate, Issaquah, WA, Kirkland, Market Statistics, Real Estate, Redmond, Sammamish, WA, Sammamish, WA Real Estate, Seattle, Seattle real estate, Woodinville, WA, Woodinville, WA Real Estate | Tagged , , , , , , , , , , , , , , , , ,

How Many Real Estate Sales Were on Seattle’s Eastside in January 2011 Compared to 2010?

[googlemaps http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=Bellevue,+WA&sll=37.0625,-95.677068&sspn=23.403932,58.271484&ie=UTF8&hq=&hnear=Bellevue,+King,+Washington&ll=47.610377,-122.200679&spn=0.310148,0.910492&z=10&output=embed&w=425&h=350]

How did January, 2010 compare to January, 2011 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, so if 10 out of 100 homes sold, the odds of selling would be 10/100 or 10%)

The plateau:  Sammamish, Issaquah, North Bend, and Fall City

The odds of selling a home were 18%.

Median sales price hardly dropped: $499,900 to $493,975.  Home values have been more stable here than anywhere else on the eastside.

The number of homes for sale increased by 4% and the number of home sales decreased by 4%.

A total of 118 homes sold.

Redmond/East Bellevue

The odds of selling a home were 28%.

Median sales price decreased by 9% to $409,925 from $450,000.

The number of homes for sale was down by 16% and sales were down by 14%.

A total of 54 homes sold.

South Bellevue/Issaquah

The odds of selling a home were 19.5%.

Median price decreased from $559,900 to $460,000.

The number of homes for sale dropped by 10% and sales were down by 30%.

A total of 63 homes sold.

Woodinville/Bothell/Kenmore/Duvall/North Kirkland

The odds of selling a home were 18%.

Median price was down from $389,725 to $359,900.

The number of homes for sale declined by 3% and sales were down by 8%.

A total of 105 homes sold.

Kirkland

The odds of selling a home were 18%.

Median price increased to $506,950 from $499,950, a 1% increase.

The number of homes for sale declined by 19% and sales were down by 35%.

A total of 52 homes sold.

West Bellevue

The odds of selling a home were 21%.

Median pricing was up from $899,000 to $1,000,000.

The number of homes for sale decreased by 11% and sales increased by 48%.

The total of 40 homes sold.

Redmond/Education Hill/ Carnation

The odds of selling a home were 20%

Median pricing decreased from $524,990 to $376,250.

The number of homes for sale decreased by 5% and sales decreased by 8%.

A total of 52 homes sold.

If you’d like more specific information about your neighborhood or home, feel free to contact me.



Posted on February 16, 2011 at 6:35 am
The Beaupain Team | Category: Bellevue Real Estate, Bellevue, WA, For Buyers, For Sellers, Issaquah Real Estate, Issaquah, WA, King County Real Estate, Kirkland, Market Statistics, Real Estate, Redmond, Sammamish, WA, Sammamish, WA Real Estate, Seattle real estate, Windermere Real Estate, Woodinville, WA, Woodinville, WA Real Estate | Tagged , , , , , , , , , , , , , , , , ,

Has a Positive Trend Started in Seattle-Eastside Real Estate?

The positive trend in Seattle’s eastside real estate continued from December, 2010 to January’s sales.  Maybe the uptick in December was not an anomaly?  We’ll still need to wait and see.

This, again,  is what the Seattle Times said after December’s home sales numbers were released:

• Buyers are climbing off the fence, even if they suspect prices will continue slipping, because they fear interest rates will rise and wipe out any savings.

There was a lot more “climbing off the fence” in January.  Truthfully, the number of sales hasn’t increased all that much, but the number of homes the buyers have to choose from is a lot less.  It’s that old law of supply and demand, which is what we call the absorption rate.*

There are fewer homes to choose from, so the good ones are grabbed up.   That’s what feels different. The “fence sitters’ are jumping on the good home buys.  Some homes that hit the market are gone in a matter of days. The homes that are priced right and show well are the homes that sell quickly.

Since the last two months have had stronger absorption rates, I hesitate to call it a trend just yet, but I’ll keep you posted.  I can tell you that the number of buyers looking at homes, multiple offers (gasp), and the absorption rate (see below) have all increased since the first of the year.


Seattle eastside real estate sales

Seattle Eastside Real Estate Sales-January 2011

The odds of selling a home on the Eastside in January ranged from 18% to 28%, with an average 19.5% absorption rate.*  Most home sellers on Seattle’s eastside had a 19/100 chance of selling their home last month.

*(The absorption rate is the number of homes for sale in any given month divided by the actual number of homes sold that month.  If the absorption rate is 10%, then 10 out of the 100 homes for sale sold that month.)

January, 2011          2392  homes for sale    467  homes sold                 19% odds of selling.

December, 2010      2499 homes for sale    369 (was 397) homes sold     15%  (was 16%) odds of selling.**

January, 2010          2588 homes for sale   460 homes sold                 18%  odds of selling.

**(Some home sales fail because of the buyer financing or an inspection.  The number of sales is updated when we find out the actual number of homes that sold during that time.)

_____________________________________________________________

January, 2011 Seattle-Eastside real estate market compared to January, 2010:

  • The average  price of pending homes (recently sold homes) went from $525,462 to $495,080, a 6% decrease in pricing.
  • On 2-14-11, there were 10,530 King County homes (houses and condos) for sale.
  • The number of homes sold on Seattle’s Eastside: down 11% from last year.
  • Number of homes for sale on Seattle’s Eastside: The number of homes for sale in January, 2011 was 7% less than January, 2010.

Best odds of selling: East Bellevue/Redmond around Microsoft.

Worst odds of selling: Sammamish/Issaquah/North Bend/ Fall City.

Decline in home sales from last year: Three out of the 7 Seattle-eastside areas had fewer sales, South Bellevue, Kirkland, and Sammamish/Issaquah/North Bend/ Fall City.

What’s happening with real estate in your neighborhood?


Posted on February 15, 2011 at 10:23 am
The Beaupain Team | Category: Bellevue Real Estate, Bellevue, WA, For Buyers, For Sellers, Issaquah Real Estate, Issaquah, WA, King County Real Estate, King County, WA, Kirkland, Market Statistics, Real Estate, Redmond, Sammamish, WA, Sammamish, WA Real Estate, Seattle real estate, Woodinville, WA, Woodinville, WA Real Estate | Tagged , , , , , ,

How Many Real Estate Sales Were on Seattle's Eastside in Dec 2010 Compared to 2009?

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Sales were much better in December, 2010 than Dec, 2009 almost everywhere, but not across the board.  In 4 of the 7 Seattle-eastside real estate areas, sales percentages were up from 2009 t0 2010.  Sales increases ranged from 2% in South Bellevue and Issaquah to 40% in Redmond/East Bellevue.  East Bellevue and Redmond near Microsoft were hit pretty hard in December, 2009, but bounced back to be the strongest area on the eastside for most of 2010.

This month, I’ve included the total number of homes sold in each area in 2010.  Some of the numbers are small, such as West Bellevue, when compared to areas such as Sammamish, etc.  This is because West Bellevue is a much smaller area than Sammamish/North Bend/Snoqualmie/Fall City/and parts of Issaquah combined.  Some of the areas cover huge numbers of homes and others do not.

The drop in the number of homes for sale on Seattle’s eastside continued in December, but did not hit the lowest point for the year.  The number of homes for sale dropped to just above 11,000 at the close of 2010.  Despite fewer homes on the market,  home sales were moving in December.  As I’ve said before, the homes with the best value proposition of price and condition  got the attention of the buyers.  Those were the  homes that sold.

How did December, 2009 compare to December, 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 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, so if 10 out of 100 homes sold, the odds of selling would be 10/100 or 10%)

The plateau:  Sammamish, Issaquah, North Bend, and Fall City

The odds of selling a home were 15.5%.

Median sales price was virtually the same: $499,900 to  $499,450.

The number of homes for sale increased by 17.5% and the number of home sales were the same as last year plus one home!

A total of 1755 homes sold in 2010.

Redmond/East Bellevue

The odds of selling a home were 20.5%.

Median sales price decreased by 5% to $424,500 from $445,000.

The number of homes for sale was down by 18% and sales were up by 40%.

A total of 797 homes sold in 2010.

South Bellevue/Issaquah

The odds of selling a home were 19%.

Median price decreased from $610,450 to $569,995.

The number of homes for sale dropped by 6% and sales were up by 2%.

A total of 1012 homes sold in 2010.

Woodinville/Bothell/Kenmore/Duvall/North Kirkland

The odds of selling a home were 18%.

Median price was up from $410,944 to $437,000.

The number of homes for sale declined by 3% and sales were up by 11.5%.

A total of 1473 homes sold in 2010.

Kirkland

The odds of selling a home were 16%.

Median price increased to $549,000 from $491,000.

The number of homes for sale declined by 17% and sales were down by 10%.

A total of 794 homes sold in 2010.

West Bellevue

The odds of selling a home were 12%.

Median pricing was down from $847,440 to $729,000.

The number of homes for sale decreased by 8% and sales decreased by 26.5%.

The total number of homes sold in 2010 was 415.

Redmond/Education Hill/ Carnation

The odds of selling a home were 12%

Median pricing decreased from $549,950 to $524,970.

The number of homes for sale decreased by 5% and sales decreased by 16%.

A total of 766 homes sold in 2010.

If you’d like more specific information about your neighborhood or home, feel free to contact me.



Posted on January 12, 2011 at 12:09 pm
The Beaupain Team | Category: Bellevue Real Estate, Bellevue, WA, For Buyers, For Homeowners, For Sellers, Issaquah Real Estate, Issaquah, WA, King County Real Estate, King County, WA, Kirkland, Market Statistics, Real Estate, Redmond, Sammamish, WA, Sammamish, WA Real Estate, Seattle real estate, Woodinville, WA, Woodinville, WA Real Estate | Tagged , , , , , ,

December, 2010, A Surprise in the Seattle Eastside Real Estate Market

How did Seattle’s eastside end its year in real estate? Surprising to some, there was a huge increase in the number of homes sold in some areas when compared to last year.  Pending sales for the year on the eastside were up by 10%. Only a few of the eastside neighborhoods had home sales which were down from last year.

Several theories were proposed in The Seattle Times wrap up on December real estate:

• The market finally has worked its way through the lull it fell into after the tax credits’ expiration.

• Buyers are climbing off the fence, even if they suspect prices will continue slipping, because they fear interest rates will rise and wipe out any savings.

• There may have been a push to get some long-languishing short sales — sales for less than sellers owe lenders — closed before year-end.

Is this a trend that will continue into the New Year?  It’s probably too early to say, but I’ll be watching over the next couple of months to see how 2011 real estate performs on the eastside.  Do you think this will be the start of a change in local area real estate?


Seattle Eastside Real Estate 2010 Statistics

Seattle Eastside Real Estate 2010 Snapshot

The odds of selling a home on the Eastside in November ranged from 12% to 20%, with an average 16% absorption rate.*  Most home sellers on Seattle’s eastside had a 16/100 chance of selling their home last month.

*(The absorption rate is the number of homes for sale in any given month divided by the actual number of homes sold that month.  If the absorption rate is 10%, then 10 out of the 100 homes for sale sold that month.)

December, 2010      2499 homes for sale    397 homes sold             16% odds of selling.

November, 2010      2818 homes for sale    455 (was 485) homes sold       16%(was 17%)  odds of selling.*

December,  2009     2584 homes for sale   343 homes sold           13% odds of selling.

*(Some home sales fail because of the buyer financing or an inspection.  The number of sales is updated when we find out the actual number of homes that sold during that time.)

_____________________________________________________________

December, 2009 Seattle-Eastside real estate market compared to December, 2010:

  • The average  price of pending homes (recently sold homes) went from $536,205 to $513,009.
  • On 12-27-10, there were 11,015 King County homes (houses and condos) for sale. There were approximately 4000 less homes for sale, 32% less, in King County now than in July.
  • The number of homes sold on Seattle’s Eastside: down .7% from last year. The sales were almost the same as December, 2009.
  • Number of homes for sale on Seattle’s Eastside: The number of homes for sale in December, 2010 was about 75 less than 2009.
  • If you look at 2010, in 9 out of 12 months, 400-500 homes sold each month.  But the number of homes for sale varied from July’s high of 3400+ to December’s low of 2499.

Best odds of selling: East Bellevue/Redmond areas around Microsoft.

Worst odds of selling: West Bellevue and downtown Redmond and Carnation.

Biggest increase in sales from last year: East Bellevue/Redmond near Microsoft.

Smallest increase in sales from last year: Downtown Redmond and Carnation.

Decline in home sales from last year: Two out of the 7 Seattle-eastside areas had fewer sales, West Bellevue and Sammamish/Issaquah/North Bend/ Fall City.

The peak of homes for sale in 2008: July,  4370 homes.

The peak of homes for sale in 2009: June,  3859 homes.

The peak of homes for sale in 2010: August, 3492 homes.

The number of eastside homes for sale at the start of 2010: 2588 homes.

The number of eastside homes for sale in December, 2010: 2499 homes.


Posted on January 11, 2011 at 3:06 pm
The Beaupain Team | Category: Bellevue Real Estate, Bellevue, WA, For Buyers, For Sellers, Issaquah Real Estate, Issaquah, WA, King County Real Estate, King County, WA, Kirkland, Market Statistics, Real Estate, Redmond, Sammamish, WA, Sammamish, WA Real Estate, Woodinville, WA, Woodinville, WA Real Estate | Tagged , , , , , ,