The $8000 first time home buyer tax credit is going, going, and almost gone!

What was the hot price range of the week in East Bellevue (east of 405)  and West Redmond?

• Most number of home sales $400-499,999 8 homes sold in the price range.
• Most number of homes for sale: $400-499,999     49 homes for sale.
• Best week to sell your home in the last 7 weeks?      Week of August 26th with 28 sales in the area.
• Most homes for sale in the last 7 weeks?       8-26-09 when 269 homes were for sale.
• Peak of the number of home for sale in King County so far this year?
• July 27th- a high of 13,861 homes for sale.
• Week of 10-5-09  13, 048 homes and condos for sale in King County.
  
• The $400-499,999 price range is king in the area, with the most number of homes for sale and the most number of homes sold.  Eight out of 13 home sales in Redmond and East Bellevue were in this price range last week.
  
• Only one home sold above 500k and there were no sales above 700k this week.
• There were 238 homes for sale and 13 homes sold in East Bellevue and Redmond near Microsoft last week.

Bellevue and Redmond Home Sales - 10-06-09

This chart is updated weekly by (Windermere Real Estate/East, Inc.,using MLS data to show the price ranges of the homes sold each week.

Here’s how it’s set up:

The colors show who has the advantage in a particular price range. 

• Green means the buyer has the advantage with many homes to choose from and not that many selling.
• Yellow means the number of homes for sale and the number of sales in the price range is balanced between the buyer and the seller.
• Red indicates a sellers’ market where the seller may have the advantage as more homes are selling when compared to what’s available.

Down the side of the chart, the home sales activity is broken down into a price bracket of $99,999. All the homes priced between $400,000-499,999, as an example, are put together in one price category in the chart.

Across the top, the chart is broken down into real estate activity by the week.

If you take the $400-499,999 line and follow it across the chart, you’ll see what has happened each of the last seven weeks.  There are three columns under each week. On the left side of the column is the number of homes for sale in East Bellevue and Redmond, near Microsoft.  The middle column shows how many homes sold that week, and the final column under the date shows the months supply of homes for sale.  In other words, if no other homes came up for sale, it would take 1.9 months to sell all of the homes in the $400-499,999 price range.

The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.