Debra Sinick

Archive for the ‘Bellevue real estate’ Category

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How Many Bellevue and Redmond Real Estate Sales Were Near Microsoft in January, 2012?

In Bellevue real estate, For Buyers, For Sellers, Market Statistics, Microsoft, Real Estate news, Redmond on February 17, 2012 at 12:39 pm
Home Sales Near Microsoft in Redmond and Bellevue

Bellevue and Redmond Real Estate Sales for Homes Near Microsoft, January, 2012

January was another good month for Bellevue and Redmond real estate near Microsoft.   Although, surprising, December, 2011 had more home sales.   There was the same amount of homes for sale in both December and January, but more homes actually sold in December!  Usually more homes sell the first of the new year rather than the end of the year and during the holidays, but not this year.

Twenty-six percent of the available homes sold** last in January and on average took 94 days to sell.

Median pricing jumped up from $380,000 to $460,000.   The number is based on the sales that happened during a particular month.  It’s more realistic to look at all the ups and downs over the year to see whether prices have really increased or not.  Prices over the past year have begun to stabilize, which is very good news.

We expect this year to be a strong year for real estate in the shadow of Microsoft.  Because there are so few homes on the market, the good homes that are priced well should sell quickly. Plus, the economy is on a slight upswing.  Buyers are not as nervous about making a home purchase.

If you’d like more information about your home’s value or how the market is doing in your neighborhood, please contact either Brooks, my business partner or me.

Have a great 2012.

By the way, where are Bellevue and Redmond, WA?


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*(The data does not cover the entire cities of Redmond or Bellevue, but just the areas east of downtown Bellevue and highway 405 and near Microsoft in Redmond.)

**The absorption rate is the number of homes for sale divided by those that actually sold.

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How Was The Real Estate Market in Bellevue and Redmond Near Microsoft in December 2011?

In Market Statistics, Real Estate news, For Buyers, For Sellers, Redmond, Microsoft, Bellevue real estate on January 20, 2012 at 3:23 pm
Real Estate Activity Near Microsoft

Real Estate Sales in Redmond and Bellevue near Microsoft Through Dec. 2011

Closeup of a stone sign bearing the Microsoft ...

Image via Wikipedia

It’s hard to believe that in December so few homes were on the market in the Redmond and Bellevue neighborhoods surrounding Microsoft.   Only 125 homes were for sale near Microsoft.

These neighborhoods continue to out perform the rest of Redmond and Bellevue,* and the other eastside cities such as Sammamish, Issaquah, and Kirkland.  This doesn’t mean more homes sell in this area, but the percentage of homes that sell, the absorption rate, is almost always the highest on Seattle’s eastside.**  Thirty-six percent of the available homes sold last month and on average took 104 days to sell.

Why is there a higher percentage of homes selling in this area than other areas on the eastside?  Because of it’s close proximity to jobs, not just at Microsoft, but in Bellevue, Redmond, Kirkland, and Seattle.  Housing is more reasonably priced with the opportunity to find homes in a variety of price ranges.  The schools are good, the commute is great, and the access to parks and shopping is fairly easy.

Median pricing jumped up from $438,000 to $455,000.  But don’t get too excited as median pricing was down in November, from $527,000 to $418,000.

Does this mean median prices are on a roller coaster?  Not really, because the number is based on the sales that happened during a particular month.  It’s more realistic to look at all the ups and downs over the year to see whether prices have really increased or not.  Prices the past year began to stabilize, which is very good news.

A look back at 2011 real estate near Microsoft:

  • The highest number of homes for sale was in August with 210 homes.
  • The lowest number of homes for sale was 125 homes in December.
  • The number of homes for sale each month was between 160-200 homes, with the exception of December.
  • July- most homes sold (pending), 69.
  • January-least number sold (pending), 41
  • Between 40-70 homes sold (pending) each month.
  • Best absorption rate:  July with 37%**
  • Median prices remained stable at about $400,000 for the year.

If you’re thinking of selling, it usually is best to get on the market before the number of homes jump too high and competition is stiffer.  It’s usually easiest to sell your home when fewer homes are on the market.  So please look at the numbers above and think about moving sooner in the year.

If you’d like more specific information about your home and where it should be positioned to sell, don’t hesitate to contact Brooks Beaupain, my business partner, or me.

By the way, where are Bellevue and Redmond, WA?


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*(The data does not cover the entire cities of Redmond or Bellevue, but just the areas east of downtown Bellevue and highway 405 and near Microsoft in Redmond.)

**The absorption rate is the number of homes for sale divided by those that actually sold.

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How Was The November Real Estate Market In Bellevue and Redmond Near Microsoft?

In Bellevue real estate, For Buyers, For Sellers, Market Statistics, Microsoft, Real Estate news, Redmond on December 15, 2011 at 2:13 pm

Bellevue and Redmond Real Estate Sales for Homes Near Microsoft, November, 2011

Closeup of a stone sign bearing the Microsoft ...

Image via Wikipedia

It’s important to look more locally at the real estate market to get a more accurate picture of what’s truly happening.   This post looks at the sales activity in the Bellevue and Redmond neighborhoods around Microsoft.*

Twenty-nine percent of the available homes in this area sold last month and homes took 60 days to sell.  One of the  best absorption rates** and the shortest market time on all of the eastside!

Median pricing was down this past month, from $527,000 to $418,000.  These numbers are based on the sales that happened during November and is a function of what sold that particular month.  We’ll need to follow the next several months to see if prices in the area are increasing or decreasing.

With fewer homes on the market, more affordable prices, and low interest rates, we have a more positive and realistic look for the real estate market.

If you’d like more specific information about your home and where it should be positioned to sell, don’t hesitate to contact Brooks Beaupain, my business partner, or me.

By the way, where are Bellevue and Redmond, WA?


View Larger Map

*(The data does not cover the entire cities of Redmond or Bellevue, but just the areas east of downtown Bellevue and highway 405 and near Microsoft in Redmond.)

**The absorption rate is the number of homes for sale divided by those that actually sold.

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How Was the Redmond and Bellevue Real Estate Market Near Microsoft in October, 2011?

In Bellevue real estate, For Buyers, For Sellers, Market Statistics, Microsoft, Real Estate news, Redmond on November 17, 2011 at 1:27 pm
Bellevue and Redmond Real Estate Sales

East Bellevue and Redmond Real Estate Sales Near Microsoft, October. 2011

Closeup of a stone sign bearing the Microsoft ...

Image via Wikipedia

Real estate sales in Redmond were the strongest on the eastside.  The news media focused on the drop in real estate values for all of King County.  It’s important to look more locally at the real estate market to get a more accurate picture of what’s truly happening.   This post looks at the sales activity in the Bellevue and Redmond neighborhoods around Microsoft.

The sales percentage and market time were the strongest of the eastside cities, which is often typical.  Thirty percent of the available homes in this area sold last month and homes took 56 days to sell.  The best absorption rate and the shortest market time on all of the eastside!

Median pricing actually went up a bit in the area this past month, from $427,000 to $435,000.  These numbers are based on the sales that happened during October and is a function of what sold that particular month.  We’ll need to follow the next several months to see if prices in the area are increasing or decreasing.

There is some good news about our real estate market:

1.    The eastside is in a better position, literally and figuratively, than many parts of King County.  It has a stronger economic base and a better location:

What you see emerging in our local market is an East/West corridor,” (Stan) Humphries (of Zillow) said, with houses holding their value in Eastside neighborhoods with good access to State Route 520 and Interstate 90 for an easy commute to work.

2.    Home prices are also becoming far more affordable.  Right now home values are the most affordable they’ve been in 17 years.   Home ownership may be cheaper than renting!

With fewer homes on the market, more affordable prices, and low interest rates, we have a more positive and realistic look for the real estate market.

If you’d like more specific information about your home and where it should be positioned to sell, don’t hesitate to contact Brooks Beaupain, my business partner, or me.

By the way, where are Bellevue and Redmond, WA?


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*(The data does not cover the entire cities of Redmond or Bellevue, but just the areas east of downtown Bellevue and highway 405 and near Microsoft in Redmond.)

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How Strong Were Real Estate Sales in Redmond and Bellevue Near Microsoft in September, 2011?

In Bellevue real estate, For Buyers, For Sellers, Market Statistics, Microsoft, Real Estate news, Redmond on October 11, 2011 at 3:57 pm
Real Estate Sales Near Microsoft

Redmond and Bellevue Real Estate Sales for Homes Near Microsoft, September, 2011

Closeup of a stone sign bearing the Microsoft ...

Image via Wikipedia

September real estate sales for homes in Bellevue and Redmond were still very strong with the area beating out all the eastside cities and neighborhoods with the fastest market time.  In September, the average market time was 69 days.  Of the 204 homes on the market, 51 or 25% had accepted offers.  The 25% sales rate represents one of the strongest performing areas on the eastside.   Homes sold within 95% of the original asking price.

Median sales price increased to $503,000, the first time median pricing was up over $500,000 for the year.  Before September, the median pricing had bounced between $380,000-$488,000.  Remember though,  the median pricing for each month is only a reflection of what has sold that particular month.  It’s important to look at at least 6 months worth of sales to determine a more accurate median price point for an area.

If you’d like more specific information about your home and where it should be positioned to sell, don’t hesitate to contact Brooks Beaupain, my business partner, or me.

By the way, where are Bellevue and Redmond, WA?


View Larger Map

*(The data does not cover the entire cities of Redmond or Bellevue, but just the areas east of downtown Bellevue and highway 405 and near Microsoft in Redmond.)

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Redmond Real Estate Sales in July-The Best So Far This Year!

In Bellevue real estate, For Buyers, For Sellers, Market Statistics, Redmond on August 15, 2011 at 8:05 am
Bellevue and Redmond real estate

East Bellevue and Redmond Real Estate Sales Through July, 2011

It looks like July may have beaten June as the best month to sell a home in Redmond and Bellevue near Microsoft since 2007!  A whopping 38% of the available homes in the area sold last month.    Actually, when sales for June were first reported, 38% of the available homes sold, but now it looks like 7% failed.  June’s numbers reflect a sales ratio of 31%.  This means that of all the homes available to buy, 31% sold in June and 38% sold in July.

Market time remains good as homes, on average, are selling in less than 90 days.   If your home is on the market for a while and has not sold,  a price reduction may be needed.   Make sure to get an update on pricing on a weekly basis , so your home stays competitively priced and you don’t miss the market.

Median sales price increased from $422,475 to $429,950.

189 homes were for sale

A total of 85 homes sold.

If you’d like more specific information about your home and where it should be positioned to sell, don’t hesitate to contact me.

By the way, where are Bellevue and Redmond, WA?


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*(The data does not cover the entire cities of Redmond or Bellevue, but just the areas east of downtown Bellevue and highway 405 and near Microsoft in Redmond.)

**Numbers vary slightly from other reporting sources, but the trends are exactly the same.

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June Real Estate Sales In Bellevue and Redmond Near Microsoft Were Popping!

In Bellevue real estate, Exploring Redmond, For Sellers, Market Statistics, Real Estate news, Redmond on July 15, 2011 at 3:50 pm
Redmond and Bellevue Real Estate

Bellevue and Redmond Real Estate Sales for Homes Near Microsoft, June 2011

June, 2011 may have been the best month to sell a home in Redmond and Bellevue near Microsoft in the last 4 years!  A whopping 38% of the available homes in the area sold last month.  The odds were terrific and about the best there have been for years.

The homes that sold were the ones that were priced well and showed well.  Market time is also shrinking as some of the good homes are going quickly.  On average, homes are selling in less than 3 months, but many of the recent sales happened fairly quickly.   This is a good message for sellers, but it also tells those sellers that if your home is on the market for a while, then it’s probably overpriced.  Make sure to get an update on pricing at least once a week , so your home stays competitively priced and you don’t miss the market.

Median pricing decreased from $482,500 in June, 2010 to $449,900 this year.

If you’d like more specific information about your home and where it should be positioned to sell, don’t hesitate to contact me.

By the way, where are Bellevue and Redmond, WA?


View Larger Map

*(The data does not cover the entire cities of Redmond or Bellevue, but just the areas east of downtown Bellevue and highway 405 and near Microsoft in Redmond.)

**Numbers vary slightly from other reporting sources, but the trends are exactly the same.

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May Real Estate Sales Continued to Be Strong in Bellevue and Redmond, Near Microsoft

In Bellevue real estate, For Buyers, For Sellers, Market Statistics, Microsoft, Real Estate news, Redmond on June 16, 2011 at 4:16 pm
Bellevue and Redmond Real Estate

Bellevue and Redmon Real Estate Sales for Homes Near Microsoft-May 2011

The Bellevue and Redmond neighborhoods near Microsoft experienced a strong real estate market in May.  Thirty-four percent of the homes on the market had offers received and accepted, the best performance on the eastside.  The number of homes for sale is gradually creeping up, although an increase in sales kept pace with that number.

Real estate continues to be the best we’ve seen in four years.  But it’s only good for the homes that are priced right and in great condition.  Remember, 66% of the homes did not sell in May.  Many of these homes were overpriced or didn’t show well.

Median pricing decreased from $480,000 in May, 2010 to $409,990 this year. Real estate sales are strong because homes are now more affordable.  This pricing structure may be here for a while.  But this is a good, solid real estate market and homes are selling.

If you’re Interested in the 5 year trend, check the above link.

If you’d like more specific information about your home and where it should be positioned to sell, don’t hesitate to contact me.

By the way, where are Bellevue and Redmond, WA?


View Larger Map

*(The data does not cover the entire cities of Redmond or Bellevue, but just the areas east of downtown Bellevue and highway 405 and near Microsoft in Redmond.)

**Numbers vary slightly from other reporting sources, but the trends are exactly the same.

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April in Redmond & Bellevue Near Microsoft Brought a Good Real Estate Market

In Bellevue real estate, For Buyers, For Sellers, Real Estate news, Redmond on May 16, 2011 at 6:10 pm
Real estate in Redmond and Bellevue, WA

Bellevue and Redmond Home Sales near Microsoft April, 2011

April was a good real estate market in Redmond and Bellevue.  The chart above tells it like it was.  Fewer homes were on the market and sales were good, which then equaled a good, solid real estate market.   Sellers receiving an offer had a home that was one of the 32% of the homes that sold. This is great odds when compared to the track record of the last few years.

If you look at the chart above, remember the sales were inflated last year because of the rush on the part of buyers to get a tax credit if they purchased a home by April, 30th.  Our numbers are very strong now because more buyers are comfortable making a move.  People are feeling better about the real estate market and the economy in general.   Real estate is the best we’ve experienced in the last four years. Right now, there’s a very feel good feeling out there in the marketplace. Given the numbers we’ve seen so far this year, real estate near Microsoft is doing well.

Median pricing decreased from $450,000 in April, 2010 to $400,000 this year. Real estate sales are so much stronger and this is partly due to the fact that prices have come down over the last few years.  This pricing structure may be here for a while.  We won’t be heading up to the numbers of 4 years ago for a while.  But the fact remains that this is a good, solid real estate market and homes are selling.

If you’re Interested in the 5 year trend, check the above link.

If you’d like more specific information about your home and where it should be positioned to sell, don’t hesitate to contact me.

By the way, where are Bellevue and Redmond, WA?


View Larger Map

*(The data does not cover the entire cities of Redmond or Bellevue, but just the areas east of downtown Bellevue and highway 405 and near Microsoft in Redmond.)

**Numbers vary slightly from other reporting sources, but the trends are exactly the same.

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Was There a Hot Real Estate Market in Bellevue and Redmond Last Month?

In Bellevue real estate, For Buyers, For Sellers, Market Statistics, Real Estate news, Redmond on April 13, 2011 at 11:51 am
Bellevue and Redmond Real Estate Sales

Bellevue and Redmond Real Estate Sales Near Microsoft through March 2011

Yes, there was a hot real estate market in Redmond and Bellevue! There’s still an unusually low number of homes for sale in Bellevue and Redmond near Microsoft, which increases the odds of selling for the homes that are currently on the market.   In March of this year, there were 171 homes on the market and 50 homes sold.**      The sellers had 29% odds of getting a home sold in Redmond and East Bellevue, both neighborhoods near Microsoft.*   Almost 1/3 of the homes for sale got offers in March.  That’s pretty terrific odds.

Don’t get too concerned when you see how many homes sold in the spring of 2010 compared to this year.  Remember, last year buyers were out in droves trying to get the tax credit.  The number of sales this year seems more real because there’s no artificial incentive causing buyers to make a move.  This year buyers are feeling much better about the economy and real estate and more willing to step up and buy a home.

Median pricing increased from $464,995 in February to $467,250 from March, 2010.  Even though pricing is better than March of 2010, home prices are back to 2005 levels.

If you’re Interested in the 5 year trend, check the above link.

If you’d like more specific information about your home and where it should be positioned to sell, don’t hesitate to contact me.

By the way, where are Bellevue and Redmond, WA?


View Larger Map

*(The data does not cover the entire cities of Redmond or Bellevue, but just the areas east of downtown Bellevue and highway 405 and near Microsoft in Redmond.)

**Numbers vary slightly from other reporting sources, but the trends are exactly the same.

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