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How Many Real Estate Sales Were in Your Seattle Eastside Neighborhood in May, 2011?
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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.
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.
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.
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.
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.
How Many Homes Sold in Your Seattle Eastside Neighborhood in April, 2011?
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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.
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.
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.
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.
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.
How Many Real Estate Sales Were in Your Seattle-Eastside Neighborhood in March, 2011?
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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.
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.
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.
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.
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.
Have You Been to Woodinville's Wine Country?
I went to France this past weekend. Ok, I didn’t really, but last Saturday I imagined I was transported to France when I sat down with a glass of wine in my hand and looked out over the valley in Woodinville. It felt like spring was almost here in the Seattle area. Spring was almost here by the calendar, but the weather also supported that spring feeling. It was sunny and just plain beautiful.
The Sammamish Valley in Woodinville, WA
My husband and I decided to head up to Woodinville for some lunch at one of our favorite spots, The Purple Cafe and Wine Bar, and then do a tasting at some of the wineries. Right near the restaurant, you can find 22 wine tasting rooms in just a short distance. We checked out two of our favorite wineries on Saturday, Brian Carter Cellars
Enjoying Wine on the Deck of Brian Carter Cellars
and DeLille Cellars. These two wine tasting rooms were hopping with people enjoying wine and enjoying the day.
There are a lot of wineries to choose from in Woodinville. I counted over 60 listed on The Woodinville Wine Country site! Woodinville has become a magnet for locals and tourists alike who want to taste some of the great wine available in Washington State. Most of the wineries are located in and around the picturesque Sammamish River Valley.
[googlemaps http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=14419+Woodinville+Redmond+Rd+NE,+Woodinville,+WA+98072&aq=0&sll=37.0625,-95.677068&sspn=32.38984,90.175781&ie=UTF8&hq=&hnear=14419+Woodinville+Redmond+Rd+NE,+Woodinville,+King,+Washington+98072&z=14&ll=47.731131,-122.140468&output=embed&w=425&h=350]
Locals come, tourists come, people rent limos and take group tours. It’s a fun thing to do around Seattle and you don’t even have to go to France!
What’s your favorite winery in Woodinville?
How Many Real Estate Sales Were in Your Seattle-Eastside City in February 2011?
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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.
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.
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.
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.
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.
Snow In February in Seattle? Here's Where You Can Think Spring
Snow in Seattle in February? Sounds impossible but with temperatures predicted to go down into the 20’s later this week, it’s possible. If you need a cure for the wintertime blues check out Molbak’s in Woodinville. It’s a springtime frenzy with gorgeous flowering plants.
Whites, blues, purples, pinks, and reds.
Molbak’s is a feel good kind of place that will remind you spring is just around the corner. I’m sure if you check your yard you’ll find things starting to bloom and come back to life as I did in my front yard.
How Many Real Estate Sales Were on Seattle’s Eastside in January 2011 Compared to 2010?
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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.
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.
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.
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.
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.
Should Cul-De-Sacs Be Banned From Future Development In Washington?
Neighborhood cul-de-sac
There aren’t going to be any more cul-de-sacs in new developments in the State of Virginia. Yes, Virginia will have no more cul-de-sacs. Cul-de-sacs have been banned from new neighborhood developments. Cul-de-sacs are the quintessential icon of the 1980’s-2000’s American suburb.
Here on Seattle’s eastside, new neighborhoods were generally built all over with cul-de-sacs sprinkled throughout. If the neighborhood was a new pocket neighborhood on infill lots in an older part of Kirkland or Redmond, as an example, there might not be room for cul-de-sacs, but if you look everywhere else on the eastside, cul-de-sac neighborhoods were the standard. Woodinville, Sammamish, Issaquah, Snoqualmie, Redmond, and Kirkland all have neighborhoods where cul-de-sacs prevail. Streets with cul-de-sacs were the prized streets to live on, the premium lots, the more expensive lots. Realtors and builders would tout the benefits of living in a cul-de-sac:
- No through traffic
- A place to play
- A place for neighbors to congregate, meet and greet each other at the mailbox.
So why did Viriginia ban cul-de-sacs in future development?
Cul-de-sacs unite the people who live in the cul-de-sac, but separate them from other streets by foot and by car. It’s harder for fire and emergency vehicles to respond quickly when a neighborhood doesn’t consist of through streets. Road maintenance is more expensive with cul-de-sacs instead of through streets.
The New York Times magazine finishes each year with an issue highlighting the great ideas from the past year. The most recent great ideas issue had an article about the cul-de-sac ban in Viriginia. The concept fits with the new sensibility rising in many places as highlighted by the popularity of sites such as walkscore. Walkability and connectivity are this decade’s buzz words for living. Planners are looking more for connectivity, walkability, and better traffic flow for neighborhoods. People are now looking for easy commuting, more connectivity, and more places to walk.
What do you think? Should cul-de-sacs be banned from future neighborhoods? What do you see as the advantages and disadvantages?
