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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 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 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 Homeowners Windermere/Yarrow Bay's Recycling Event Was A Success! The water heaters, computers, scanners, modems, old bikes all came today to my Windermere/Yarrow Bay office in Kirkland. There was a steady stream of cars through the parking lot through the whole day.  More than 3 truck loads of “stuff’ was brought in and will be recycled.  Way to go!  None of the “stuff” will […]
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 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 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 […]
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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 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 […]
Bellevue Real Estate How Did July, 2010 Seattle-Eastside Real Estate Sales Stack Up 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 July, 2009 stack up to July, 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 […]
Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Home in July, 2010? The odds of selling a home on the Eastside in July, 2010 ranged from a low of 11.5% to a high of 17%, with an average 14% absorption rate.(The absorption rate is the number of homes for sale in a month divided by the actual number of homes sold that month.) July, 2010               3468  homes for sale     501 homes […]
For Buyers What Were The Odds of Selling Your Seattle-Eastside Condo in June, 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.) June, 2010                   1487 condos for sale     […]
Bellevue Real Estate There's No "Red" on The June, 2010 Seattle-Eastside Real Estate Map There’s no “red” on the Seattle-eastside real estate map, which means there were no seller’s markets in June, 2010.  The Seattle-eastside real estate market has turned “yellow” for a market balanced between buyers and sellers,  and “green.”  “Green” on the map indicates a buyer’s market.  It’s not surprising to me that certain areas stay as […]
Bellevue Real Estate How Did June, 2010 Seattle-Eastside Real Estate Sales Stack Up 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 June, 2009 stack up to June, 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 […]
Bellevue Real Estate Which Homes are Selling on Seattle's Eastside? 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 […]
Bellevue Real Estate "Green" is Back on the Seattle-Eastside's Real Estate Map, May, 2010 During May “green” crept back into a number of Seattle areas.  One large area on the eastside, Woodinville, Bothell, Kenmore, Duvall, and north Kirkland was “green,” back as a buyer’s market. April  was the first month in a very long time in which there was no ” green,” no buyers’ markets in almost all the […]
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