Redmond, East Bellevue Home Sales Sept 2009

Sellers had 32% odds of getting a home sold in West Redmond and East Bellevue, both neighborhoods near Microsoft, in September, 2009.  (The NWMLS, the Northwest Multiple Listing Service puts the data from East Bellevue and the Redmond area around Microsoft together.)

If you check the link above, it shows  the 5 year trend in real estate.  The numbers for the Trendgraphix chart may vary slightly from the MLS statistics posted in the above link, but the variation is slight.  The overall trend in the market is the same.

*Adjusted sales numbers reflect sales that failed and did not close.

Thirty two out of 100 homes received and accepted offers in September.  The numbers for August had shown 74 homes had sold, but only 66 of those sales stayed together.  The numbers on the chart are adjusted to reflect the actual number of sales that do close.

What’s happening with real estate prices in Redmond and East Bellevue?

The median sales price decreased by 9% to $499,500 from $550,000, the number of homes for sale declined by 30%, and the number of homes sold in Redmond increased by 32.5%. 

The odds of getting a home sold are strongest in Redmond, near Microsoft, and East Bellevue than any other area on the eastside.

For the full picture of Seattle-Eastside real estate, check out my eastside real estate blog.

Looking for more national real estate information? The Real Estate Channel had an interesting article with the Case-Shiller Index which examines the top real estate markets in the country.