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Why rent when you can own, Condo for Sale in Lake Forest Park WA
Why rent when you can own. Welcome to Shannon Heights Condominiums. This unit features one bedroom and a full bathroom. Recent updates include hardwood floors, interior paint, and stove. You will also enjoy the common deck area with views of Lake Washington, a covered parking spot, extra storage, full size washer and dryer, and the fact that all appliances are included. This unit comes fully furnished. It is not a short sale or banked owned property. Close to all your North Seattle amenities.
3820 NE 155th #403 Place Lake Forest Park Presented by John Fiala
Pending homes sales for Seattle and the Eastside areas for the week of 7-22-12
Here is a look at the weekly ratios ending on July 22, 2012 for residential homes in five areas. This information looks at what has gone Pending (under contact) over the last seven days. Of the five areas that I track, North Seattle had the highest percentage of homes go under contract with 21%. In Redmond, only 8% of homes went under contract. The hot price ranges for Sellers are in the red and yellow boxes below. You can see that in Kirkland, there are currently two homes active in the price range of $250,000 to $299,999 with 5 homes going under contract last week. You can look at your competition by price range and by your area to help you make an educated decision about listing your home or coming up with a strategy to buy a place. How does your area look?
Active vs Pending 7-22-12 presented by John Fiala
King County Washington Real Estate Trends Video presented by John Fiala
Here is a good video that looks at the real estate inventory levels in King County Washington over the last five years. Inventory is down and pending homes sales are still strong. Enjoy the video.
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
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.
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
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.
