What Were The Chances of Selling a Home in West Redmond and East Bellevue in April, 2008?
May 12, 2008
Sellers had an 19% chance of getting a home sold in West Redmond in April, 2008.
April, 2008 289 homes forsale, 55 sales, 19% of chance of selling.
March, 2008 271 homes for sale, 59 sales, 21.7% chance of selling.
April, 2007 137 homes for sale, 63 sales 46% chance of selling.
(March’s chance of selling, 21.7%, was reported correctly in the April post, but the number of homes available and the number of sales was reported incorrectly. The numbers above are the correct data for March, 2008.)
Think price, condition, price, condition if you are thinking about selling in today’s market, know your competition and beat it in the pricing and condition. Most likely your home will then be the one to sell. Inventory in the area is up over 100% from last year at this time, so competition is stiff. The homes that draw the best prices are those with the remodeled kitchens. However, there are many homes selling without remodeled kitchens. As with all homes currently selling, these homes show well and are priced well.
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