Sellers had an 16% chance of getting a home sold in West Redmond and East Bellevue, both neighborhoods near Microsoft, in July, 2008.

July, 2008                349 homes for sale,  55 sales,     16% chance of selling.

June, 2008               323 homes for sale,  75 sales,     23.2% chance of selling.

May,   2008             347 homes for sale,  47 sales,     13.5% chance of selling.

July, 2007                205 homes for sale,  69 sales,     33.7%    chance of selling.

The area east of 405 and south of highway 908, the Redmond/Bellevue area close to Microsoft, again has the strongest real estate sales activity for the eastside.    Even though it’s strongest real estate market on the eastside, there was less of a chance to get a home sold last month than in June.   June stands out as the strongest performing month for most eastside neighborhoods. July’s market performance and the absorption rate is more similar to May’s real estate activity than June’s.  It will be interesting to see if the Microsoft area, Redmond and East Bellevue, remains the strongest area on the Eastside for real estate sales.  I’ll keep you posted on the weekly/monthly activity.

For a full report on the eastside area’s real estate activity check out my eastside blog.