Which Homes are Selling on Seattle's Eastside?

Seattle-eastside Real Estate Sales 2010-1st quarter

The eastside sales here include South Bellevue and Issaquah all the way up to the Snohomish County line and from Lake Washington out to North Bend, Duvall, and Carnation.

If you look at the real estate statistics above:

Almost half of these Seattle-eastside real estate sales were below $500,000.

Over 80% of the eastside home sales were below $750,000.

Twenty-seven home sales were below $250,000.

Thirty-six home sales out of the 1119 were priced above $1,500,000.

Only 2% of the sales were above $2,000,000.  Out of 1119 home sales, only 18 were priced above this $2,000,000 mark.

24% of eastside sales were short sales or bank owned properties, contrary to what many think.  Most of the homes were sold by the actual home owner.

The sweet spot in Seattle-eastside real estate is between $250-500,000, with many of the homes priced between $350-500,000.  Pre-2008, the sweet spot was the $500-750,000 price point.