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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 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 […]
Bellevue Real Estate What's The Worst Time to be on the Market in the Seattle Area? It’s July!  Why July? Because that’s the time of year when the largest number of homes and condos are on the market. Are you surprised? So many times I hear from people they’re waiting until the summer to sell, when school is out.  But it’s not the best time.  If you look at the chart […]
For Buyers Seattle Economist Makes Real Estate Predictions Thinking about the economy in 2011?   Who isn’t these days? Local economist, Matthew Gardner presented his predictions for next year’s economy and the real estate market. (photo: Andrew@cubagallery) Here are a few of his predictions for 2011: Economic growth will remain slow, particularly for the first half of the year. An “easing” in the […]
Bellevue Real Estate This Past Month Seattle Eastside Real Estate Was Balanced Between Buyers and Sellers The Seattle-eastside market is balanced.  Surprised by that?  Here’s why I say this: A balanced market is when homes on average are selling in 3-6 months.  This means there was a more level playing field between buyers and sellers during that particular month, in this case November 2010.  Given the news we hear, it’s surprising […]
Bellevue Real Estate How Was The Seattle Eastside Condo Real Estate Market in November, 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.) November, 2010         1191 condos for sale       […]
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Bellevue Real Estate How Did November, 2010 Real Estate Sales Do In Your Seattle-Eastside Neighborhood? [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] In 5 of the 7 Seattle-eastside real estate areas, sales percentages were up by a lot from last year!  Sales increases ranged from 13.5% in Redmond/Carnation to 47% in Redmond/East Bellevue. We also saw a huge drop in the number of homes for sale on Seattle’s eastside over the past few months.  A […]
Bellevue Real Estate How Was The Seattle Eastside Real Estate Market in November, 2010? Are Seattle-eastside home sales going “merrily” along? Merrily may be an extreme word to use in this case to describe Seattle-eastside real estate, however, it’s good news to see in 5 of the 7 eastside areas, there were more home sales this November than last.   In some areas, there was a huge increase in the […]
Bellevue Real Estate Does Microsoft Still Have a Big Influence On Seattle's Eastside? Does Microsoft still have a positive affect on Seattle’s eastside?  Yes!  Microsoft still has a huge impact on the eastside. The map below shows only some of the eastside campuses: [googlemaps http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=Microsoft+Computer+near+156th+Avenue+Northeast,+Redmond,+WA&sll=47.647756,-122.133025&sspn=0.038741,0.113811&ie=UTF8&hq=Microsoft+Computer&hnear=156th+Ave+NE,+Redmond,+King,+Washington&ll=47.584406,-122.229424&spn=0.281495,0.25636&output=embed&w=425&h=350] Recently, the news  has focused more on layoffs.  There are a number of people who have been laid off and are struggling, which […]
Bellevue Real Estate There's No Sign of a Seller's Market in Seattle Real Estate   The lack of “red” showing a seller’s market in Seattle area real estate is no big surprise.  However, it’s good to see the market was more balanced in some Seattle area neighborhoods in October. A balanced market is when homes on average are selling between 3-6 months, which means there was a level playing […]
Bellevue Real Estate How Did October, 2010 Real Estate Sales Do In Your Seattle-Eastside Neighborhood? [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] Ok, the real estate market is slower, that much we all know, but it’s not dead and there are homes selling. These are the homes that stand out compared to the competition, because they show well and are seen as a value.  Today’s pricing is similar to 2005 pricing.  I’ll post another piece […]
Bellevue Real Estate How Was The Seattle-Eastside Real Estate Market in October, 2010?
Bellevue Real Estate How Many Home Sales on Seattle's Eastside Are Distressed Properties? Are there a lot of distressed property sales on Seattle’s eastside? These are bank owned/foreclosed properties and “short sales,” requiring 3rd party or bank approval. A short sale is when the seller is selling the home for less than the amount owed to the bank, so the seller is “short” on what is owed to […]
Bellevue Real Estate It Was Mostly a Buyers' Market on Seattle's Eastside in September, 2010     Sellers’ markets on this map are in red and there is no red in Seattle or on Seattle’s eastside. Most of the neighborhoods are buyers’ markets, which are in green.  Only two areas, Bellevue and Redmond near Microsoft, which is area 530, and area 600, which is Woodinville, Bothell, Duvall, are balanced markets.  […]
Bellevue Real Estate How Was The Seattle-Eastside Condo Market in September, 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.) September, 2010        1448 condos […]
Bellevue Real Estate How Did September, 2010 Seattle-Eastside Real Estate Sales Do In Your Neighborhood? [googlemaps http://maps.google.com/maps?source=s_q&hl=en&geocode=&q=Seattle-eastside&sll=47.709762,-122.011414&sspn=0.310487,0.911865&ie=UTF8&split=1&radius=21.22&rq=1&ev=zo&hq=Seattle-eastside&hnear=&ll=47.709762,-122.011414&spn=0.310487,0.911865&t=h&output=embed&w=425&h=350] How did September, 2009 compare to September, 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 […]
Bellevue Real Estate How Was The Seattle-Eastside Real Estate Market in September, 2010?     So how was the September real estate market on Seattle’s eastside? The odds of selling a home on the Eastside in September ranged from 13% to 17%, with an average 14% absorption rate.*  Most home sellers on Seattle’s eastside had a 14/100 change of selling their home last month.  The absorption rates were […]
Bellevue Real Estate There Were No Sellers Markets in the Seattle Area in July, 2010 There were no sellers’ market in July. “Red” indicates a sellers’ market with homes selling in less than 3 months.  If you look at the map above, all  the Seattle markets are either a buyer’s market or a balanced market between buyers and sellers. There’s a mix on Seattle’s eastside. Some markets are buyers’ markets […]
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