Debra Sinick

Archive for the ‘Market Statistics’ 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?


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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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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Were August Real Estate Sales Strong in Redmond and Bellevue Near Microsoft?

In For Buyers, For Sellers, Market Statistics, Real Estate news, Redmond on September 19, 2011 at 6:42 am
Real Estate Sales in Bellevue and Redmond

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

August real estate sales for homes in Bellevue and Redmond near Microsoft were strong, but it looks as if July was the best month to sell a home in the area so far this year.  The Redmond and East Bellevue areas beat the other eastside neighborhoods in July with an amazing 38% of the homes in the area selling.  In August the real estate sales in Redmond and East Bellevue near Microsoft were still the strongest on the eastside as 24% of the homes had offers.

It will be interesting to see how September plays out as there was a significant jump in the number of homes for sale.  Will area sales slow down?

Median sales price decreased from $494,900 to $479,950.

210 homes were for sale

A total of  50 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?


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?


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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Redmond Real Estate News for Homes Sales Near Microsoft, 7-25-11

In For Buyers, For Sellers, Market Statistics, Microsoft, Real Estate news, Redmond, Weekly real estate updates on July 27, 2011 at 10:49 am

A lot of homes sold near Microsoft this past month! The number of homes for sale near Microsoft has dropped back from the 50+ mark, which is great news.   Usually because we actually have a sunny summer,  July real estate sales are slower.  This year the more positive attitude in the market and the cooler weather have helped to keep the real estate market moving.

We sold 3 homes in the past month in Redmond near Microsoft.  Two of the homes had multiple offers!  All of the homes sold in a month or less.   Almost 40% of the homes in the area sold in June and July will surely end on a positive note.  Sixteen homes got offers since my last post and 9 home sales closed last month.  All the homes sold within 5% of full price, with the exception of two homes.  There’s fabulous real estate activity happening around Microsoft right now.

For this past month’s full report see below:


View Larger Map

The area represented by the statistics posted below is Redmond, 98052, south of highway 908 and east of 140th Ave NE. The neighborhoods are all within shouting distance of Microsoft.  All numbers are gathered on Mondays from NWMLS (Northwest Multiple Listing )information.  The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report. The numbers in parentheses indicate the previous report totals.

Number of homes for sale: 43 (51)

New listings:  13 (4)

Pending inspection:  6 (4)

Pending:  10 (2)

Closed Sales: 9 (3)

Price Reductions: 4 (4)

Price Increases: 0  (0)

Off The Market (not sold)  16 (4)

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$0-$349,999: 4 (7)

$350,000-$499,999:  20 (17)

$500-$749,999: 17 (21)

$750,000-$999,999:  0 (1)

$1,000,000- $1,499,999:  1 (2)

$1,500,000- $2,999,999:  1 (3)

$3,000,000+:  0 (0)

Most expensive home for sale:  $2,850,000

Least expensive home for sale:  $244,900
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Closed sales this past month:

$255,000 Final sales price. $275,000  last asking price. $327,700  original asking price.  Sold in 136 days for about 23% below full price.

$350,000  Final sales price. $375,000  last asking price.  $375,000  original asking price.  Sold in 26 days for 7% below full price.

$365,000 Final sales price. $368,000  last asking price. $368,000  original asking price.  Sold in 4 days for about 1% below full price.

$408,000  Final sales price. $415,000  last asking price.  $415,000  original asking price.  Sold in 10 days for 1.5% below full price.

$521,000 Final sales price. $549,000  last asking price. $549,000  original asking price.  Sold in 32 days for about  5% below full price.

$625,000  Final sales price. $625,000  last asking price.  $625,000  original asking price.  Sold in 7 days for  full price.

$680,000 Final sales price. $695,000  last asking price. $695,000  original asking price.  Sold in 8 days for about  2% below full price.

$700,000  Final sales price. $699,950  last asking price.  $699,950  original asking price.  Sold in 27 days for slightly above full price.

$709,000  Final sales price. $709,000  last asking price.  $709,000  original asking price.  Sold in upon completion for full price.

***The Multiple Listing rules don’t allow comment on other members’ listings and sales besides data such as pricing and days on market.

Feel free to contact me if you have any questions about the real estate market or pricing  for your home.  I’m here to help you position your home so you can get the best price the market will bear.

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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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Redmond Real Estate News for Homes Near Microsoft, 6-27-11

In For Buyers, For Sellers, Market Statistics, Microsoft, Real Estate news, Redmond, Weekly real estate updates on June 29, 2011 at 4:13 pm

We’re now seeing a solid 50+ homes for sale in Redmond. Hopefully, the number of homes for sale won’t go much higher.  But people are out looking for homes. 

Yesterday we held several homes  open during the late afternoon right near Microsoft in the hopes of giving buyers an opportunity to zip out of work to see these homes.  We have several new listing right near the main Microsoft campus and people really came out to see them.

Have a great Fourth of July holiday.  I hear the sun may be out over the holiday.  Since Monday is the holiday, we’ll post the real estate statistics for homes near Microsoft on July 11th. 

For this week’s full report see below:


View Larger Map

The area represented by the statistics posted below is Redmond, 98052, south of highway 908 and east of 140th Ave NE. The neighborhoods are all within shouting distance of Microsoft.  All numbers are gathered on Mondays from NWMLS (Northwest Multiple Listing )information.  The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report. The numbers in parentheses indicate the previous week’s totals.

Number of homes for sale: 51 (51)

New listings: 4  (2)

Pending inspection:  4 (2)

Pending:  0 (2)

Closed Sales: 3 (2)

Price Reductions:  (4)

Price Increases: 0  (0)

Off The Market (not sold)  2 (1)

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$0-$349,999:  7 (6)

$350,000-$499,999:  17 (18)

$500-$749,999: 21 (21)

$750,000-$999,999:  1 (3)

$1,000,000- $1,499,999:  2 (2)

$1,500,000- $2,999,999:  3 (1)

$3,000,000+:  0 (0)

Most expensive home for sale:  $2,850,000

Least expensive home for sale:  $230,000
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Closed sale of the week:

$246,500 Final sales price. $249,950  last asking price. $249,950  original asking price.  Sold in 5 days for about 1% below full price.

$515,000  Final sales price. $539,950  last asking price.  $549,950  original asking price.  Sold in 89 days for   % below full price.

***The Multiple Listing rules don’t allow comment on other members’ listings and sales besides data such as pricing and days on market.

Feel free to contact me if you have any questions about the real estate market or pricing  for your home.  I’m here to help you position your home so you can get the best price the market will bear.

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