What was the hot price range of the week in East Bellevue (east of 405) and West Redmond?
- Most number of home sold: $300-399,999 5 homes sold.
- Is this the new hot price for Redmond home sales? In 5 out of 7 weeks, the $300-399,999 has been the hottest.
- Most number of homes for sale: $300-399,999 44 homes for sale.
- Again, are we going to see more Redmond homes for sale in the $300-399,999 price range this year?
- All of this week’s East Bellevue and Redmond homes sales were priced below $899,999.
- There were 211 homes for sale and 14 homes sold in East Bellevue and Redmond, near Microsoft, last week.
- Best week to sell your home in the last 7 weeks? 1-27-10 with 26 home sales.
- Most homes for sale in the last 7 weeks? 12-23-09, when 233 homes were for sale.
- Peak of the number of homes for sale in King County in 2009?
- July 27th- a high of 13,861 homes for sale.
- Week of 1-18-10
- 10,735, last week there was a slight drop with 8 less homes on the market in King County. But there are still 1000 more properties for sale in King County than the first week of the year.
There ’s only 84 days for buyers and sellers to benefit from the home buyer tax credit. There are some terrific homes out there for buyers. For sellers there’s still less competition than there usually is to sell a home in Redmond and East Bellevue. Add this to the still strong interest rates, and the 2010 home buyer tax credit, and it looks like the first quarter of 2010 may be the best time this year to either buy or sell a home. Serious buyers are out looking to find a home that’s a good value with the added bonus of the tax credit. I think this real estate market is a win-win situation for both buyers and sellers.
- Redmond and East Bellevue Home Sales, 2-3-10
- 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.
West Redmond Real Estate Buzz
