The number of homes that went pending in the greater Seattle area in December 2011 rose more than 20 percent compared to December 2010, according to data recently published by the Northwest Multiple Listing Service (NWMLS). Closed sales rose by seven percent year-to-year in December, and the number of active listings was down 17.2 percent. … Continue Reading
Tag Archives: Eastside real estate update
Seattle and Eastside Real Estate Trends for July 2011
Here are Seattle and Eastside residential housing market charts showing real estate price and inventory trends from 2007 through July 2011. Seattle charts: Eastside charts: It looks like they mislabeled the months on the “Supply of Inventory” graph for the Eastside; I believe the year label is correct. *These charts were created by Windermere Real… Continue Reading
Listing Your Seattle Area Home in 2011? Start Early (Especially This Year)
If you’re planning to list a home in the Seattle or Eastside areas in 2011, you may be surprised to learn that the best time is typically not the summer. (And, it’s not even necessarily May, which is the timing that many sellers shoot for.) This is completely understandable – everyone hears that May is the top month… Continue Reading
Eastside Housing Inventory Stats for October 2009
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… Continue Reading
Seattle Area Housing Stats for June 2009
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… Continue Reading
Word on the Street Seattle Real Estate Update – April 14 2009
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… Continue Reading
Word on the Street Seattle Real Estate Update – March 31 2009
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… Continue Reading
Word-on-the-Street Update
At today’s office meeting the word was that buyer activity has picked up dramatically, which ties in with what we heard from title last week about a lot of new title orders for purchases coming in. Three agents today reported multiple offers, including one agent whose home in the low $300′s in the Redmond/Kirkland area got something… Continue Reading
King County Home Sale Trends through June 2008
Here are two graphs that show some interesting trends in King County home sales over the past year, from April 2007 through June 2008. It’s also an example of how easy it is for a graph to not tell the whole story. Both are for King County houses and condos, new and resale. Pink columns… Continue Reading
Eastside Real Estate Graphs 1st Quarter 2008
Here are the latest Trendgraphix stats for resale homes (excluding condos) on the Eastside: Median Price of Resale Homes on Seattle’s Eastside Jan. 07 to Mar. 08