King County Assessor Lloyd Hara to host Town Hall Meeting in Kirkland, Washington

Are you questioning why your property taxes may have gone up?  Many people do.  Every year I get phone calls from neighbors and clients asking me why their taxes have increased.  Most people hope to contest King County's tax assessment if they think the property tax increase is unfair.  Before you decide to contest your taxes, it's a good to know how and why the taxes increase.   As a citizen and tax payer, you'll have an opportunity to meet Lloyd Hara, the King County Tax Assessor, at a town hall meeting. Mr. Hara will discuss the ins and outs of property taxes and how one can make an appeal. 

 

Below is a a copy of the press release regarding the Town Hall Meeting:

 

King County Assessor Lloyd Hara from the Department of Assessments will host a town hall meeting on Tuesday, November 12th from 6:00 PM to 7:30 PM to discuss property valuations, taxes and the services the Department of Assessments provides to assist King County property owners. The King County Board of Equalization and Tax Advisor’s Office will also present information on property valuation appeals.

 

Tuesday, November 12, 2013
6:00 p.m. – 7:30 p.m.
Kirkland City Hall – Peter Kirk Room
123 5th Ave, Kirkland, WA 98033

 

This town hall will be an opportunity for residents to learn more about their property assessments and values, senior and disabled exemptions, online services and the appeals process.

"We are beginning to see a recovery in the housing market in King County," said King County Assessor Lloyd Hara. "Though property values continue to decline in selected areas, there are also a number of areas where property values are increasing, including in the City of Seattle and the Eastside.”

Property taxes are mixed in King County for 2013, with property values and property taxes down for many. However, some property owners from will see their property values decline while their property taxes increase, and other property owners will see both their property values increase and property taxes increase.

If you would like more information, please visit the King County Assessor’s website at www.kingcounty.gov/assessor or contact Phillip Sit at 206/263-2261 or phillip.sit@kingcounty.gov.

 

Posted on November 4, 2013 at 6:30 pm
The Beaupain Team | Category: For Buyers, For Homeowners, For Sellers, King County Real Estate, King County, WA, Kirkland, Real Estate | Tagged , , ,

Are Distressed Sales a Big Part of the Real Estate Market on Seattle’s Eastside?

Not only is the Seattle Eastside Real Estate market on a roll, the number of distressed sales (bank owned and short sales) has declined dramatically.  In the 3rd quarter, only 18% of the homes sold on the eastside were distressed sales.   Seattle and the rest of King County also had numbers that were on the lower side when compared to previous quarters.

Actually, it would be great if more distressed homes came on the market. We need more homes to sell.  King County and, subsequently, the eastside are at a record low number of homes for sale.  Because of this lack of inventory, distressed sales are needed on the market and, unlike previous years, would not have a detrimental affect on home prices.   At this point, it would be a good thing for the market by offering buyers more choices. 

So bring those homes for sale on the market.  Bring them on!

Posted on November 15, 2012 at 4:40 pm
The Beaupain Team | Category: Eastside Real Estate, For Buyers, For Sellers, King County Real Estate, King County, WA, Market Statistics, Real Estate, Seattle real estate | Tagged , , , , ,

Animals in King County Need Your Help!

Calling all pet owners and animal lovers in King County. Pets in King County need your help. Several eastside cities, Bellevue, Kirkland, Newcastle, Redmond, and Mercer Island, are thinking of canceling the contract with King County for animal control services . Each of the above cities would be responsible for animal control issues within its city limits. If there’s an animal in Kirkland needing some assistance,  Kirkland would be responsible.  The problem is none of these cities is equipped to handle our lost, stolen, and stray pets.  The infrastructure is not there.  Plus, it would bring on added costs to our local cities in a time when cutbacks are needed.

There is another organization which is far better quipped than individual cities to take care of animals, the Humane Society. The Humane Society wants this job.   They already know how to do a terrific job in placing animals in homes.  They hold animals indefinitely in an effort to find them good homes.  They don’t kill dogs and cats, people’s pets.

I know this first hand.  This issue is a very personal one for me.  My dog Henry was adopted from the Humane Society.   He had been picked up and kept for six weeks in the hopes that someone would adopt him. When he was found on the street, he was infested with fleas.  The Humane Society shaved his butt in an effort to get rid of the fleas.  He was the true picture of “butt ugly.”  But, he was cured of his fleas, very adoptable and we got him!  If the Humane Society hadn’t taken care of his fleas and kept him alive, we never would have gotten him.

Henry was a fabulous dog. We only had him for 4 1/2 years because he was about 10 when we adopted him. Unfortunately, he had a myriad of health problems, starting with failing sight and hearing. The thing that got him, though, was congestive heart failure. He had 3 1/2 great years and one year in which he gradually lost his sight and got sick because of his heart. We loved having him all of the time he was with us.  We wouldn’t have traded him for anything.  He was sweet and loving, a true joy.

There are lots of other Henrys out there, so please support The Humane Society in their efforts to do a good job for the animals on the eastside. If you can help this cause for all eastside pets, please contact your City Council people.  Let them know you would like the Humane Society to take over the animal control services for the individual cities of the eastside.

Here’s a copy of the letter sent to us from David Loewe, the CEO of the Humane Society:

I am writing to share some exciting news that could improve the care of homeless, lost, stray and abandoned pets in Kirkland, and I would like your support.

As you probably know, many of the cities on the Eastside are contracting with King County, located in Kent, for the sheltering of stray animals. The contracts with King County are due to expire this year.

Seattle Humane Society has been approached by concerned citizens and Eastside city officials about our interest and ability to provide sheltering services, because the county contract is so expensive.

I’m confident that Seattle Humane Society is in a strong position to help and can provide better care for the animals, lower cost to taxpayers, and better service to the public. Please support us, by letting your city officials know that we are the best agency to provide these services.

As a donor-supported charity, we’ve provided shelter services to animals in our community for more than 115 years. Our medical and foster care for pets is among the best in the nation, resulting in an animal shelter save rate that is among the highest in the nation at 96 percent.

The cities interested in our services – Bellevue, Redmond, Kirkland, Mercer Island and Newcastle – are in our own backyard. In truth, many animals from these cities are brought to us already.  If Seattle Humane Society receives the sheltering contract, cities will pay less for services, and there is an increased chance that a pet owner will be united with their lost companion.  If Seattle Humane Society holds the sheltering contract, and you lose your pet on the Eastside, you can find your pet on the Eastside – at our shelter in Bellevue.

As additional background, I’ve attached a copy here of the letter that I presented to the Bellevue City Council in their study session on Monday, March 26th.

How can you help?

As a Seattle Humane Society supporter and an animal lover, we hope you will write to your city officials and let them know that contracting with Seattle Humane Society is a “win-win” for the animals, for their owners, for the cities and for Seattle Humane Society.

Click here for a list of council members in your city. Click here to view a proposed message you can send by mail, email, or a phone call. If you would like further details on the plan, please contact me by phone at 425-649-7556 or by email atDavid@seattlehumane.org.

Thank you for making your voices heard for the animals!

Here’s how you can help/ Send a letter to your City Council in support of The Humane Society.

Contact the Bellevue City Council at council@bellevuewa.gov.

Kirkland: citycouncil@kirklandwa.gov

Redmond: mayor@redmond.gov

Mercer Island

Newcastle

Posted on April 5, 2012 at 10:49 pm
The Beaupain Team | Category: Bellevue, WA, For Homeowners, King County, WA, Kirkland, Redmond | Tagged , , , , , ,

Sellers in the Seattle Area and On the Eastside Start Your Engines!


 
At the start of 2012, there are less than 8000 homes for sale in King County!  Compare this number to the start of the last three years:

  • 2011:  10,008 homes for sale
  • 2010:    9726 homes for sale
  • 2009:  11,363 homes for sale

 
The old law of supply and demand is at work here and is starting to favor sellers more than it has for years.  There’s a 3.6 months supply of homes for sale in King County.  This means there’s a balanced market between buyers and sellers with the market tipping towards the sellers.  (Less than 3 months of inventory indicates a sellers market.)
 
On Seattle’s Eastside, the market is looking really strong, particularly around the Microsoft area of East Bellevue and Redmond.  The number of homes for sale has dropped dramatically.
 
What should buyers and sellers expect in the first quarter of 2012 on Seattle’s eastside?

Fabulous interest rates.

A more positive real estate market.

The market will continue to be affected by short sales and foreclosures.
 
Home prices are not up nor will they go up.  There is no indication on the immediate horizon that indicates anything about price increases.  On the flip side, the lack of supply of homes for sale helps to stabilize the market and prices.  Fewer homes means more competition, which helps pricing. The real estate market will vary neighborhood by neighborhood.  One size does not fit all.
 
Location matters.  Homes close to economic centers that offer a good commute, good schools, and good amenities will be more in demand.
 
Condition matters.  Homes should go on the market in the best possible condition to command the best price.
 
Some home sales will be good deals depending on the available competition, the condition of the home, and the seller’s motivation.
 
Some homes will sell for full price, in a matter of days, and with multiple offers This, too, will depend on the same factors mentioned in my previous statement.
 
It is important to know your area.  Buyers and sellers should both be aware of the competition, pricing, and condition of nearby homes to determine the value of a specific home.
 
Homes need to be priced right or they will not sell.  I heard a seller say the other day, “I’m not going to give away the farm.”  If you, as a home seller, have far more money into your home than it’s worth and you have no interest or are financially unable to price your home to meet the market, then this is not be the time to sell your home.

Gee, it sounds like a normal real estate market to me!  What do you see happening in your market place?

 

Posted on January 5, 2012 at 8:23 pm
The Beaupain Team | Category: Bellevue Real Estate, Bellevue, WA, Eastside Real Estate, For Buyers, For Sellers, King County Real Estate, King County, WA, Market Statistics, Real Estate | Tagged , , , , ,

How Many Seattle Area Real Estate Sales Were Distressed Sales?

How much of the Seattle area real estate market is made up of distressed sales, sales in which the property is bank owned or a seller is required to obtain approval from the bank in order to sell?

Seattle Area Distressed Real Estate Sales

Total Number of Distressed Real Estate Sales in the Seattle Area

 

In the third quarter of 2011, Seattle and the eastside suburbs were holding their own in the distressed sale market, while Pierce and Snohomish Counties had the toughest time. There’s a huge difference in how each of the 4 counties surrounding Seattle were doing with respect to distressed home sales.  Almost 50%, 47% to be exact, of the real estate sales in Snohomish County were  distressed properties.  Snohomish County is directly north of King County, which is where you’ll find Seattle.  Snohomish County is home to a Boeing plant, shipping, biotech firms, and  a navy base.  Pierce County is home to Tacoma, with its huge waterfront devoted to shipping, and Fort Lewis, the army base. 

Although each of the counties has an economic center, King County with Seattle and the eastside cities of Bellevue and Redmond is the true economic hub of the region.  These areas are home to Boeing, Amazon, Microsoft, Costco, Starbucks and a host of other companies.   Consequently, the Eastside and Seattle have the smallest number of distressed sales.    More jobs and a good commute equal less distressed sales.

 

Posted on November 4, 2011 at 12:55 am
The Beaupain Team | Category: Eastside Real Estate, For Buyers, For Sellers, King County, WA, Real Estate | Tagged , , , , , , , , , ,

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 , , , , , , , , , , , , , , , , ,