Sellers had an 17.5% chance of getting a home sold in West Redmond and East Bellevue, both neighborhoods near Microsoft, in September, 2008.
September 2008 324 homes for sale, 57 sales 17.5 chance of selling.
August, 2008 337 homes for sale, 65 sales, 19% chance of selling.
September, 2007 262 homes for sale, 69 sales, 18.7% 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, only slightly edging out the Education Hill area of Redmond. With the end of the year in sight, the number of homes for sale is dropping from its peak.
There’s still a great selection for buyers to choose from and good buys to be had. The cream puff homes are the ones getting the offers. June stands out as the strongest performing month for most eastside neighborhoods, including the neighborhoods around Microsoft.
September, 2007, with its 18.7% chance of selling, represents the first month we saw a big switch in the market in the area. Previously, over 30% of the homes, and more, were selling each month in the area around Microsoft. Obviously, this no longer happening in the area.
West Redmond Real Estate Buzz
