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Eastside Real Estate Cooler Weather Brings a Cooler Real Estate Market on Seattle’s Eastside   Along with the cooler fall weather on Seattle's Eastside, the real estate market has cooled a bit.  The hot market of early this year began to cool off in July and continued into September.   Does this mean we are in a bad real estate market?  Each time the market changes, people read more into […]
Eastside Real Estate How Can You Make More Money Selling Your Seattle Eastside Home? It's simple.  Price your home right and it will sell quickly and for full price.  Overprice your home, it will take longer to sell and it'll sell for less than full price.  In today's hot real estate market, buyers know a good home when they see it because they run out to see everything as […]
Eastside Real Estate April Showers Brought More Real Estate Sales on Seattle’s Eastside Seattle Eastside real estate sales keep climbing!   Home sales have increased by 35% since January of this year.  Buyers don't despair.  We're starting to see a significant increase in the number of homes for sale, which is good for buyers.  Sellers still have the advantage in the marketplace, though, because the supply is still low […]
Bellevue, WA The Real Estate Sales Numbers in Redmond, Kirkland, Bellevue Continue to Be Fabulous This tells it like it is in the Seattle area real estate market.  The entire region, with the exception of Vashon Island in yellow, is a sellers market, which is indicated by the color red.  The top sales rate, not the most sales, once again goes to Redmond and East Bellevue near Microsoft.  In March, […]
Bellevue, WA Real Estate Sales in Bellevue, Kirkland, and Redmond, Etc Are Hot!   Red is busting out all over the map of Seattle Real Estate Sales!  Red means it’s a sellers market in which homes, on average, are selling in less than 3 months!  The numbers are really strong in all of the eastside cities, but top sales go to the 80% sales rate in Redmond and […]
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 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 […]
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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       […]
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 Are We Seeing The Number of Homes On The Market in King County Dropping? It’s easy to see that King County real estate is following the national trend right now. There are fewer homes on the market than just a few weeks ago and, definitely, from a few months ago.  The peak of the competition was back in the last week of July when there were 14,639 homes on […]
Bellevue Real Estate How Was The Seattle-Eastside Condo Market in October, 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.) October, 2010         […]
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 […]
For Buyers If You're Closing on Your Home When Property Taxes Are Due, Could You Pay Twice? Closing near the time your property taxes are due? With the second half payment due at the end of October, it reminded me of what happened to a client of mine who was closing on the sale of her home near the time property taxes were due. Here’s what happened: Bank of “You Know Who” […]
For Buyers Will Recent Foreclosure News Affect Washington State Real Estate? Is your head spinning with questions about foreclosures? I’ve had three clients ask me how the foreclosure process will affect real estate sales in Washington State.  I’m not sure anyone can answer that question completely right now.  This week I heard an NPR news story about mortgage backed securities now asking banks take back certain […]
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 […]
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