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 and $500-599,999 4 homes sold in each price range.
• Most number of homes for sale: $400-499,999     64 homes for sale.  The time it takes to sell a home in this price range has increased in the last few week to 3.7 months.
• There’s a huge discrepancy between the number of homes for sale between $400k-499k and $500-599k.  Now there are only 36 homes for sale in the $500-599,999 range, when it was the price range with the most homes for the most of the past several years.
• Best week to sell your home in the last 7 weeks?      Week of November 4th, with 18 sales
• Most homes for sale in the last 7 weeks?       10-28-09, when 253 homes were for sale.
• All the Bellevue and Redmond homes sales were priced under $599,999.
  
• There were 237 homes for sale and 9 homes sold in East Bellevue and Redmond near Microsoft last week.  The number of Redmond and Bellevue home sales has dropped by 32% since the end of August.

• Peak of the number of homes for sale in King County so far this year?
• July 27th- a high of 13,861 homes for sale.
• Week of 11-30-09  11,797 homes and condos for sale in King County, the smallest number of homes and condos for sale since January of this year.
  

With inventory down, shouldn’t you think about selling your home now, rather than in the spring?  There’s much less competition to get a home sold and more people will decide to sell as the year progresses.

Redmond Real Estate Sales- 12-02-09

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 3.7 months to sell all of the homes in the $400-499,999 price range.