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Bellevue Real Estate How Many Condos Sold on Seattle's Eastside in March, 2011? There are now more than 1000  condos for sale on Seattle’s eastside, still a very low number.  Match it with the increases in the number of sales each month and the eastside condo market is having it’s best sales quarter in years!   One-fifth of all the condos for sale in March got offers!  This is […]
Bellevue Real Estate 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, […]
Bellevue Real Estate How Many Real Estate Sales Were On Seattle's Eastside in March, 2011? I see a trend happening in eastside real estate. The Seattle Times was wondering if there was a trend being established in Seattle area real estate.  It’s happening on the eastside.  This trend started in December of last year.  Since that time, the number of homes selling each month has increased.  Home sales have almost […]
Bellevue Real Estate The Seattle-Eastside Real Estate Market Is Better Than You Think! It’s simple.  Mix one part law of supply and demand;  one part the more positive economy;  and one part more ready, willing, and able buyers.  Mix with more realistic pricing that meets the market demand.  You now have the well priced homes selling and the most positive real estate market the eastside has had since […]
For Buyers Does a St. Joseph's Statue Planted in Your Yard Help to Sell Your Home? My sellers had received the St. Joseph’s statue as a present from a friend and asked me to plant it when the “for sale” sign was planted in their yard.  So, I planted the St Joseph’s Statue in their yard. I’ve heard about St. Joseph’s statue being planted in the yards of homes for sale, […]
Bellevue Real Estate How Many Condos Sold on Seattle's Eastside in 2-11? There were less than 1000 condos for sale on the eastside in February! Seattle-eastside condo sales are creeping up and the number of condos for sale is creeping downward.   This is the fewest number of condos for sale since the beginning of 2008! Besides the number of condos for sale being at the low for […]
Bellevue Real Estate How Many Real Estate Sales Were in Your Seattle-Eastside City in February 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 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 […]
Bellevue Real Estate There Are Some "Hot" Real Estate Markets Around Seattle There are some hot real estate markets in the Seattle area. These “red” hot areas are shown below. The usual suspects of Queen Anne and Capital Hill experienced a hot market in February. The newest suspect, East Bellevue and Redmond near Microsoft, my neck of the Seattle real estate market, was also going strong.    In […]
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For Buyers There are Two Different Real Estate Markets on Seattle's Eastside There are two different real estate markets on Seattle’s eastside. I didn’t make this up.  I heard this from several buyers at an open house this past weekend. I held an open house at a home which I knew would attract buyers.  It’s new on the market, shows fabulously, has little competition, and is in […]
Bellevue Real Estate How Many Real Estate Sales were on Seattle's Eastside in February 2011? Despite what the media is reporting, February Seattle-eastside real estate sales were the strongest we’ve seen in a very long time. If you look all the way back to December, 2009, there were more real estate sales in February than any other month, except March and April of last year.  More homes sold last March […]
For Buyers Top 7 Reasons Real Estate Sales Fail to Close I’m gearing up to do monthly statistics on how the real estate market is doing on Seattle’s eastside.  Every month I report on how many homes have sold and I also mention how many real estate sales have failed.   Contracts on homes close all the time, but there’s always a certain number each month that […]
Bellevue Real Estate How Badly is Seattle's Eastside Real Estate Affected by Distressed Sales “Distressed Homes Sales Dragging Prices Down” screamed the print version of The Seattle Times, while the online version shouted  “Median Home Price in King County Drops in February, Dragged Down by Bank Repos. Pretty scary headlines.  Scary headlines certainly attract readers. Distressed home sales, bank repos and short sales, are out there and affecting home […]
Bellevue Real Estate How Did January, 2011 Seattle-Eastside Condo Sales Compare to January, 2010? This is the fewest number of condos for sale in years, and I mean years.  I checked all the way back to the beginning of 2008.  There were only two months in 2008 when less than 1100  condos were for sale on Seattle’s eastside.   This is a better time than most of the past […]
Bellevue Real Estate How Many Real Estate Sales Were on Seattle’s Eastside in January 2011 Compared to 2010? [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 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 […]
Bellevue Real Estate Has a Positive Trend Started in Seattle-Eastside Real Estate? The positive trend in Seattle’s eastside real estate continued from December, 2010 to January’s sales.  Maybe the uptick in December was not an anomaly?  We’ll still need to wait and see. This, again,  is what the Seattle Times said after December’s home sales numbers were released: • Buyers are climbing off the fence, even if […]
Bellevue Real Estate Seattle Economist's Predictions for the 2011 Real Estate Market, Part II Matthew Gardner, of Gardner Economics,  spoke at our annual Windermere Real Estate/East, Inc kick-off meeting today.  Mr. Gardner shared his thoughts about the local economy and Seattle real estate. Here are some of the highlights: Seattle will recover more quickly than other parts of the west. Growth will be slow and from the center, Seattle, […]
For Buyers Seattle Eastside Real Estate: The Glass is Half Full, Not Half Empty It’s time to accept the reality of the market in Seattle and on Seattle’s eastside. More than likely, it’s going to be the way it is for a few more years, with single digit appreciation after that. It’s a more realistic market. It doesn’t mean it’s bad. It’s still challenging to sell a home, but […]
Bellevue Real Estate Is This The New "Normal" for Seattle Area Real Estate? Maybe this is how real estate is going to be in the Seattle area. Maybe we’ll have some local markets where things are “hot” just for the buyer, and, someday again, even for the seller.  But maybe the Seattle marketplace will be more balanced (yellow on the map below) between the buyers and the sellers.  […]
Bellevue Real Estate How Many Condos Sold on Seattle's Eastside in Dec 2010 Compared to 2009?   December, 2010 beat out December, 2009 by 35 sales.  Over 30% more Seattle-eastside condos sold in 2010 than in December, 2009. (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 […]
Bellevue Real Estate How Many Real Estate Sales Were on Seattle's Eastside in Dec 2010 Compared to 2009? [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] Sales were much better in December, 2010 than Dec, 2009 almost everywhere, but not across the board.  In 4 of the 7 Seattle-eastside real estate areas, sales percentages were up from 2009 t0 2010.  Sales increases ranged from 2% in South Bellevue and Issaquah to 40% in Redmond/East Bellevue.  East Bellevue and Redmond […]
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