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 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 vs. Pending Sales video for Seattle and Eastside
This video looks at the active listings and pending sales for the date of 2-5-12. 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.
Months of Inventory Video
Here is a great video that takes a look at Months of Inventory. It speaks to the definition and looks at some examples in King County for 2011. It will also show you how to determine who has an advantage in the market, Buyers, Sellers, or if it is a Balanced Market.