What Were The Odds of Selling Your Seattle-Eastside Condo in July, 2010?

Condo Sales on Seattle's Eastside, July 2010

Seattle Eastside Condo Sales July 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.)

July, 2010                    1552 condos for sale      144 condos sold                   9%  odds of selling.

June, 2010                   1487 condos for sale     131 (was 154) condos sold      9%  (was 10) % odds of selling.

May, 2010                    1425 condos for sale      117 (was 125)  condos sold         8% (was 13%)  odds of selling.*

July, 2009                   1441 condos for sale       159 condos sold,           11% odds of selling.

*Adjusted from previous month’s original numbers to reflect the actual number of condos sold and closed.  Some of the sales originally reported last month failed and did not close.   Some of the reasons sales fail are the buyer and seller don’t agree on the building inspection, the condo does not appraise for the sales price or the buyer’s financing does not come through.

Sales have clearly slowed down from April’s peak.  This may be because many first time buyers rushed to buy a home while the tax credit was in place and not as many buyers are out there right now.  It also could be because people are  fearful of the future.  It’s unfortunate as there are some good properties out there and great interest rates.

Posted on August 12, 2010 at 1:29 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 , , , , , ,

What Were The Odds of Selling Your Seattle-Eastside Condo in June, 2010?

Seattle-Eastside Condo   Activity   June 2010

Seattle-Eastside Condo Sales, June 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.)

June, 2010                   1487 condos for sale     154 condos sold           10 % odds of selling.

May, 2010                   1425 condos for sale      117 (was 125)  condos sold         8% (was 13%)  odds of selling.*

April, 2010                  1437 condos for sale      281 (was 316) condos sold       19.5%(was 22%)  odds of selling.*

June, 2009                  1491 condos for sale     161  condos sold,           11% odds of selling.

*Adjusted from previous month’s original numbers to reflect the actual number of condos sold and closed.  Some of the sales originally reported last month failed and did not close.   Some of the reasons sales fail are the buyer and seller don’t agree on the building inspection, the condo does not appraise for the sales price or the buyer’s financing does not come through.

In this month’s post I’ve included the condo real estate statistics for April to show the sharp contrast with May and June of this year.  Seattle-eastside condo sales dropped like a stone from the high of 281 in April to 117 in May and 154 in June. We’re seeing a lull in Seattle area condo sales, which is partly seasonal as people are out playing in the sunny weather.

But have condo buyers forgotten there are still good deals after the tax credit? Don’t forget, there’s a huge number of condos available on Seattle’s eastside as we’re at the high point in Seattle-eastside condos for sale so far this year.  There are some great choices out there. Plus, the added bonus is interest rates are at a 30 year low.

For a picture of King County sales, check out The Seattle Times.

Posted on July 15, 2010 at 6:42 am
The Beaupain Team | Category: For Buyers, For Sellers, King County Real Estate, Kirkland, Market Statistics, Real Estate, Real Estate News, Redmond, Sammamish, WA Real Estate, Seattle real estate, WA real estate, Windermere Real Estate, Woodinville, WA Real Estate | Tagged , , , , , ,

What Were The Odds of Selling Your Seattle-Eastside Condo in May, 2010?

Seattle-Eastside Real Estates Sales

Seattle-Eastside Condo Sales, May 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.)

May, 2010                   1425 condos for sale      125 condos sold              13%  odds of selling.

April, 2010                  1437 condos for sale      281 (was 316) condos sold       19.5%(was 22%)  odds of selling.*

April, 2009                  1441 condos for sale     145  condos sold,           10% odds of selling.

*Adjusted from previous month’s original numbers to reflect the actual number of condos sold and closed.  Some of the sales originally reported last month failed and did not close.   Some of the reasons sales fail are the buyer and seller don’t agree on the building inspection, the condo does not appraise for the sales price or the buyer’s financing does not come through.

Are we back to what may be normal in Seattle-eastside condo sales or is this the lull after the “storm of buyers” we had before April 30th? The odds of selling Seattle-eastside condos before April 30th was the strongest sales seen in years.  With the 2010 tax credit behind us, we should continue to see people who need to make a move out there buying or selling a condo.  We may see a lull in Seattle area condo sales. But I expect condo sales to get back to business as usual in the near future, once buyers get used to the tax credit having gone away.

Posted on June 11, 2010 at 1:50 pm
The Beaupain Team | Category: Bellevue Real Estate, For Buyers, For Sellers, Issaquah Real Estate, King County Real Estate, Market Statistics, Real Estate, Redmond, Sammamish, WA Real Estate, Seattle real estate, Woodinville, WA Real Estate | Tagged , , , , , ,

What Were The Odds of Selling Your Seattle-Eastside Condo in April, 2010?

Condo Sales on Seattle's Eastside

Seattle - Eastside Condo Sales April 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.)

April, 2010                  1437 condos for sale       316 condos sold,            22% odds of selling.

March, 2010                1356 condos for sale,    241 (was 281) condos sold,     18% (was 21%) odds of selling.*

April, 2009                  1315 condos for sale     155  condos sold,           12% odds of selling.

*Adjusted from previous month’s original numbers to reflect the actual number of condos sold and closed.  Some of the sales originally reported last month failed and did not close. Seventeen percent of condo sales originally reported in March failed to close.  Some of the reasons sales fail are the buyer and seller don’t agree on the building inspection, the condo does not appraise for the sales price or the buyer’s financing does not come through.

Seattle-eastside condo sales were popping the past two months with the strongest sales seen in years.  With the 2010 tax credit behind us, we should continue to see people who need to make a move out there buying and selling their home.  We may see a little of a lull in Seattle area condo sales, but I expect condo sales to get back to business as usual.

Posted on May 17, 2010 at 9:28 am
The Beaupain Team | Category: Bellevue Real Estate, Issaquah Real Estate, Kirkland, Real Estate, Redmond, Sammamish, WA Real Estate, Woodinville, WA | Tagged , , , , , ,

What Were The Odds of Selling Your Seattle-Eastside Condo in March, 2010?

Condo Real Estate on Seattle's Eastside

Seattle-Eastside Condo Sales, March 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.)

March, 2010                1356 condos for sale,    281 condos sold,             21% odds of selling.

February, 2009          1333 condos for sale    161 (was 194) condos sold         12 %(was 14%) odds of selling.*

March, 2009               1300 condos for sale     107 condos sold,           7% odds of selling.

*Adjusted from previous month’s original numbers to reflect the actual number of condos sold and closed.  Some of the sales originally reported last month failed and did not close. Seventeen percent of condo sales originally reported in March failed to close.  Some of the reasons sales fail are the buyer and seller don’t agree on the building inspection, the condo does not appraise for the sales price or the buyer’s financing does not come through.

Seattle-eastside condo sales were up by 120 or 57%, the best sales record in several years.

For The Seattle Times update on the March, 2010 real estate market,  check this link.



Posted on April 13, 2010 at 8:58 am
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, WA real estate, Woodinville, WA Real Estate | Tagged , , , , , ,

What Were The Odds of Selling Your Seattle-Eastside Condo in February, 2010?

Seattle-Eastside Sales for Condos in Feb, 2010

Seattle-Eastside Condo Real Estate, Feb 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.)

February, 2010               1333 condos for sale,    194 condos sold,           14% odds of selling.

January, 2010               1217 condos for sale,    (now 121) 141 condos sold,   (now 10%)  12% odds of selling.*

February, 2009               1195 condos for sale      85 condos sold,           7% odds of selling.

*Adjusted from previous month’s original numbers to reflect the actual number of condos sold and closed.  Some of the sales originally reported last month failed and did not close. Fifteen percent of condo sales originally reported in January failed to close.  Some of the reasons sales fail are the buyer and seller don’t agree on the building inspection, the condo does not appraise for the sales price or the buyer’s financing does not come through.

There’s been a 9% increase in the number of Seattle-Eastside condos for sale but the number of home sales jumped up dramatically.  There were 73 more condos sold on Seattle’s eastside in February than in January.  The sales numbers are still behind the peak of sales in September and October of 2009, but they’re inching closer to those numbers, which is a good sign.

More condos are coming up on the market as Seattle-eastside home sellers traditionally put their homes on the market in the spring.  The push to get a home or condo on the market is compounded by the 2010 home buyer tax credit deadline of April 30th.

There are 45 days left to use the home buyer tax credit into 2010.  If you’d like to move and take advantage of the tax credit, you need to get a move on!



Posted on March 16, 2010 at 4:51 pm
The Beaupain Team | Category: 2010 Home buyer Tax Credit, Bellevue Real Estate, For Buyers, For Sellers, Issaquah Real Estate, King County Real Estate, Kirkland, Market Statistics, Real Estate, Redmond, Sammamish, WA Real Estate, Seattle real estate, Woodinville, WA Real Estate | Tagged , , , , , ,