Seattle and Eastside Homes at TeamIrene.com
Seattle and Eastside home buying tips, real estate for sale and Seattle area market updates.
From the category archives:
The Seattle area real estate housing supply heat maps are out for February 2010 and show a significant shift from what was primarily a Buyer’s Market in 2009 (green, defined as over 6 months of housing supply) to a Balanced Market in 2010 (yellow, defined as 3 to 6 months of housing supply.) Red areas [...]
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As we draw near the April 30, 2010 deadline for the $8,000 First-Time Home Buyer Credit and the $6,500 Move-Up Home Buyer Credit, expect Seattle area home listings that are not short sales to increase in value compared to short sales.
Based on what I’m seeing (and hearing from my own clients), many people who currently [...]
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Here are the October 2009 housing inventory supply numbers going back five years for selected Seattle areas.* Months of Inventory (MOI) refers to the number of months it would take the current housing supply to be completely sold if no new listings were added.
The geographical area is marked at the top left of each chart. [...]
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Here are the October 2009 housing inventory supply numbers going back five years for selected Eastside areas.* Months of Inventory (MOI) refers to the number of months it would take the current housing supply to be completely sold if no new listings were added. (Lower numbers = more seller-friendly market.)
The geographical area is marked at the [...]
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The Seattle and Puget Sound housing inventory numbers for July 2009 show that the real estate market is continuing to become more balanced. In the heat maps below red indicates a seller’s market, green indicates a buyer’s market, and yellow indicates a balanced market.
(Click on the map to see a larger image.)
A seller’s market is generally defined [...]
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Residential and condominium housing market numbers for June 2009 show a 22% and 9% decrease in the number of listings, respectively, from June 2008. Median closed sales prices dropped by 15% for houses and 9% for condos over the same time period.
Note: Remember that homes closing in June probably went off market in April or [...]
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These residential inventory heat maps for King and Snohomish counties from 2008 to June 2009 show the housing market moving from a buyer’s market to a more balanced market, with some areas of Seattle transitioning into a seller’s market.
Here’s the full-size 2-page King and Snohomish County Residential Inventory Map Report for 2008 to 2009 (pdf).
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At this morning’s office meeting it was more of the same – Seattle area homes are flying off the market in the first time buyer range, especially in the low 300Ks. For the third successive week we had the busiest week of the year as far as deals turned in to the office.
The high end [...]
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The New York Times has a neat interactive graphic today showing home prices in selected U.S. cities since 2000 (based on the Case-Shiller numbers.)
The two graph lines compare prices in the selected city to the 20-city average. It’s interesting to click through and see how the graph lines change depending on how each city fared during the [...]
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At our weekly office meeting this morning agents were reporting an overall uptick in activity, especially in the first-time buyer price range of the low $300Ks.
One agent received five offers on a home in the $310K range in Bothell, while another had a similarly priced home sell in just a couple of days. Perhaps more [...]
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