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King County Real Estate Market Trends
The chart below looks at the last five years of King County Residential homes. You can see how the inventory fluctuates during the year. The inventory normally increases after the New Year and decreases in the winter months. Currently, this is not the case. Inventory is down significantly from last year and from the preceding five years. Notice the yellow line below, this gap between the new listings and pending home sales has decreased dramatically since the height of the market in July 2007. The amount of new inventory is not keeping up with demand, and in some areas there is appreciation occurring. Pending home sales (under contract) are in the orange line below. We are at the same level of Pending home sales today as the height of the market in 2007 with half the inventory available. Buyers who have been waiting for the bottom of the market are starting to come off of the fence and purchase homes. In some areas and price ranges, there are multiple offers and escalation clauses in contracts. If your home is in a hot area for Buyers, it could be a great time to put your home on the market. If you are curious about your home or your area, please let me know how I can help.
King County Washington Real Estate presented by John Fiala
North Seattle leads with Pending home sales
North Seattle had the highest amount of homes go under contract last week with 18% going pending of the five areas that I track for my blog. Bellevue had at least one home go under contract in each price range, even in the higher price ranges. The Red areas are considered Sellers markets. What does you area look like?
The real estate market is changing in Seattle and the Eastside
The market has been changing daily. There are several price ranges that have been receiving multiple offers and even some offers with escalation clauses. The market in general is picking up but it all depends on the area and price range. Take a look at the chart below to see the areas in red and yellow that shows a Sellers market and Balanced market for the week of May 7th to May 13th 2012.
Active vs Pending 5-13-12 Presented by John Fiala
The Madhouse Project
I wanted to thank everyone that help support The Madhouse Project Charity this year. Our event was held on April 28th 2012 and we raised about $190,000 to benefit to the Seattle Cancer Care Alliance. Here is video that I put together to help promote the event. Stay tuned for the date next year.
Free Paper Shredding Event, Kirkland, Saturday 10 to 2, Presented by John Fiala
I wanted to invite you to a free paper shredding event at my office this Saturday from 10:00 to 2:00. It is a great way to get rid of all the old papers sitting in your home in a fast and secure way. Hope to see you there.
Active vs. Pending Sales for the Seattle Area 4-1-12
New video of the Active Listings vs Pending Sales for the week of April 1st. Bellevue had several homes go under contract in the million plus price range and Northe Seattle is very busy for Sellers.
Free Paper Shredding Event 4-7-2012, 10 to 2
Free shredding event at my office on April 7th from 10 to 2. Bring what you can, our truck can handle it. See you there.
John Fiala, Free Paper Shredding Event
New West Seattle Listing, The Broxton
Welcome to the Broxton and the great living of West Seattle. You will be right at home in this 2 bedroom 1.75 bathroom unit that also features covered secure parking and 2 extra storage lockers. You will enjoy the new interior paint, master closet, stainless steel appliances, tile backsplash & all appliances are included. Also imagine your own private deck, approx. 525 sqft of outdoor living. Located conveniently to all amenities of city living. Building is FHA approved. Come and be apart of this great urban retreat.
Just Listed from John Fiala, The Broxton
Active Listing vs. Pending Sales for 3-11-12 Video
This video looks at the active listings and pending sales for the date of 3-11-12. The pending sales (under contract) are for the previous seven days. This shows where the market is hot and who can have an advantage in the market by location and price point, essentially where the fish are biting in real estate.
Bellevue had three Sellers markets this week which you can see in the red areas and Central Seattle had an active week for homes going under contract in the higher price ranges. Overall, the five areas that I track on this report, North Seattle had the highest ratios of homes going under contract last week.
John Fiala Ratios for Active Listings vs. Pending Sales 3-11-12
Hot Price Ranges in Kirkland and Bellevue Last Week, 3-5-12
This data looks at the week of 3-5-12, North Seattle had the highest percentage of homes go under contract of the five areas that I track. Kirkland had a few hot price ranges for Sellers in the $300,000 to $349,999 range and also in the $700,000 to $749,999 range. Bellevue had a big overall jump in the amount of homes that went under contact this week compared to last week. Check out the chart to see the areas and price ranges that are active for Sellers in Red and Yellow.
John Fiala weekly ratios for 3-5-12
