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Bellevue Washington Has A Strong Week in Pending Sales, Presented by John Fiala
This chart looks at the active listings and pending sales for the date from 10/15/12 to 10/21/12. 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.
If you have “Bellevue” in your address, your area had the highest percentage of homes go under contract for the week at 17%. Normally that title goes to North Seattle. Notice in Bellevue the price range from $250,000 to $349,999. There were five homes in each price range at the start of the week and by the end of the week, four of them were under contract with only one still Active. If you are a seller in that price range, the fish are biting. Buyers, you have competition in that price range in Bellevue.
Active vs Pending 10-21-12 Presented by John Fiala
1 Green Planet Recycle Event, this Saturday, October 13th, 10 to 2, presented by John Fiala
I wanted to let you know that my office is having our annually 1 Green Planet recycle event this year. The event is free and helps out the environment. There is a long list of items you can recycle and a short list you cannot. Hope to see you there.
Seattle and Eastside homes under contract for the week of 9-3-12, presented by John Fiala
This information looks at the Active Listings versus Pending Sales for residential home for the week of September 3rd, 2012. This data shows the city and price range of the homes that have gone under contract in the last seven days compared to the active listings. North Seattle had the largest percent go under contract with 14% for the week. In Redmond, there were no homes that went under contract over $900,000 for the week and Bellevue was very active in the $350,000 to $399,999 range for Sellers. The chart below has more detailed information about each area and price range.
Active vs Pending 9-3-12 Presented by John Fiala
Sammamish Remodel with Office and Bonus Room For Sale, Presented by John Fiala
Stunning Sammamish remodel in Deerfield with rare office & bonus room. This home features 3,040 sqft, 4 bedrooms, 2.5 baths & a private backyard. The soaring entrance, gourmet kitchen, living & dining rooms, remodeled bathrooms, 5 piece master bath & new roof, sets the tone for this home. Remodeling includes slab granite countertops, 2 Decor ovens, Decor cook top, cherry cabinets, windows, refinished wood floors, radiant heat in upstairs bathrooms & professionally landscaped yard. LW Schools.
1633 233 Pl NE Sammamish, WA 98074 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.
