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.
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

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.
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.
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.
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.
King Snohomish Pierce Weekly County Listing Count 03-05-12
King County inventory is down by 33% from last year for residential and condos. Snohomish County is down by 40% and Pierce County is down by 23%. Check out the link below to see how the inventory levels have changed over the year.