How did May, 2009 stack up to May, 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.)
The plateau: Sammamish, Issaquah, North Bend, and Fall City
The odds of selling a home were 20.5%.
Median sales price increased from $524,950 to $559,880.
The number of homes for sale dropped by 20% and sales were up by 6% from last year.
The odds of selling a home were 18%.
Median sales price dropped from $515,000 to $480,000.
The number of homes for sale dropped by 10% and sales were down by 7.5%.
The odds of selling a home were 16%.
Median price increased to $624,975 from $619,000.
The number of homes for sale dropped by 19% and sales were down by 6%.
The odds of selling a home were 12%.
Median price decreased to $451,126 from $459,500.
The number of homes for sale declined by 8% and sales were down by 22%.
The odds of selling a home were 15%.
Median price decreased to $599,000 from $599,950.
The number of homes for sale declined by 25% and sales were up by 3%.
The odds of selling a home were 19%.
Median pricing was up from $1,097,000 to $1,280,000.
The number of homes for sale decreased by 23% and sales decreased by 12.5%.
Redmond/Education Hill/ Carnation
The odds of selling a home were 15.5%
Median pricing decreased from $569,895 to $519,950.
The number of homes for sale decreased by 17% and sales decreased by 18%.
When compared to May, 2009, only one area of Seattle’s eastside showed an increase in median prices. West Bellevue had the highest with a 17% increase in sales prices. Last month the area had the most significant decrease in pricing. The return of some strength to the high end market is a good sign. The high end was the least affected by the tax credit.
Most other Seattle-eastside neighborhoods experienced a reduction in sales prices.
Home sales also took a dip in most areas of the eastside. Two areas, Kirkland and the plateau area of Sammamish, had increased home sales, but only in the single digits.
Seventeen percent less homes are for sale on the eastside this year than last year.
Has your area seen a drop in home sales since the expiration of the tax credit?