Redmond, near Microsoft, and East Bellevue (east of 405) this week’s hot price for  home sales:

• Most number of home sold: $300-399,999
  
• 13 homes sold in this price range, which is a lot of homes sold.
• New hot price for Redmond home sales:  In 9 out of 9 weeks, the $300-399,999 range has been the hottest.
  
• Most number of homes for sale: $400-499,999   jumped up to 63 homes from 55  homes for sale last week and from 43 just a month ago.
• There were home sales in all price ranges below $1 million this week.
  
• There were 234 homes for sale and 23 homes sold in East Bellevue and Redmond, near Microsoft.

• 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?       This week 3-10-10 with 234 homes 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 1-4-10
• 9726

• Week of 3-8-10
• 12,066
  

Redmond and East Bellevue Real Estate, 3-10-10

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