Debra Sinick

Posts Tagged ‘Bellevue’

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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?


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 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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Redmond and Bellevue, WA Hot Real Estate Prices, 12-8-10

In Bellevue real estate, For Buyers, For Sellers, Market Statistics, Real Estate news, Redmond, Weekly real estate updates on December 10, 2010 at 1:14 pm

Hot price for home sales in Redmond WA, near Microsoft, and East Bellevue (east of 405 freeway).  This does not include all of Redmond and Bellevue.:

$300-399,999    4 home sales

  • Most number of homes sold:  $300-399,999   4 homes sold.
  • Most number of homes for sale: $300-399,999.  58 homes for sale.
  • There were 205 homes for sale and 12 homes sold in East Bellevue and Redmond, near Microsoft.

Will the number of homes for sale in Bellevue and Redmond near Microsoft drop below 200?  I believe it will.

 

Redmond and Bellevue Real Estate Sales Near Microsoft

Redmond and Bellevue Home Sales Near Microsoft, 12-08-10

Redmond and Bellevue, WA Real Estate Sales, 12-01-10
  • Here’s how the chart is 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.

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

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  • Peak of the number of homes for sale in King County in 2009?
  • July 27th- a high of 13,861 homes for sale

This year, 2010?

  • Week of 1-4-10            9726
  • Week of 7-26-10      14,639
  • Week of 12-6-10    11,747

King County now has less than 12,000 homes for sale.  About 3000 less than the peak of homes for sale in July.  This is good news!

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Redmond and Bellevue WA Real Estate Near Microsoft Hot Prices 12-1-10

In Bellevue real estate, For Buyers, For Sellers, Market Statistics, Real Estate news, Weekly real estate updates on December 3, 2010 at 1:17 pm

Hot price for home sales in Redmond WA, near Microsoft, and East Bellevue (east of 405 freeway):

$400-499,999    3 home sales

  • Most number of homes sold:  $400-499,999   3 homes sold.
  • Most number of homes for sale: $300-399,999.  57 homes for sale.
  • There were 212 homes for sale and 5  homes sold in East Bellevue and Redmond, near Microsoft.

Given the “white” weather, cold, and the Thanksgiving holiday, I’m pleased to see there were 5 sales.  Some buyers were still out there buying last week.

Redmond and Bellevue WA Home Sales
Redmond and Bellevue, WA Real Estate Sales, 12-01-10
  • Here’s how the chart is 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.

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

__________________________

  • Peak of the number of homes for sale in King County in 2009?
  • July 27th- a high of 13,861 homes for sale

This year, 2010?

  • Week of 1-4-10            9726
  • Week of 7-26-10      14,639
  • Week of 11-29-10    12,119

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Redmond and Bellevue, WA Hot Real Estate Prices, 11-17-10

In Bellevue real estate, For Buyers, For Sellers, Market Statistics, Real Estate news, Redmond, Weekly real estate updates on November 19, 2010 at 1:04 pm

Redmond and Bellevue WA Home Sales

Bellevue and Redmond WA Real Estate Near Microsoft - 11-17-10

Hot price for home sales in Redmond WA, near Microsoft, and East Bellevue (east of 405 freeway):

$300-399,999    6 home sales

  • Most number of homes sold:  $300-399,999   6 homes sold.
  • Most number of homes for sale: $300-399,999  and $400,000-$499,999.  60 homes for sale.  The two price ranges now have an equal number of homes for sale.  Last week in the 300-400k price range, there were 67 homes for sale.  With 6 sales in the price range, it helped  bring this number down.  This price range has had the most number of homes for sale in the last few weeks, which follows the decline in pricing.  Most of this year there were more homes for sale in the 400-500k price range.
  • There were 229  homes for sale and 115 homes sold in East Bellevue and Redmond, near Microsoft.   This shows 18 less homes for sale than last week.
  • Here’s how the chart is 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.


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Redmond and Bellevue, WA Hot Real Estate Prices, 11-10-10

In Bellevue real estate, For Buyers, For Sellers, Market Statistics, Microsoft, Real Estate news, Redmond, Weekly real estate updates on November 12, 2010 at 7:08 pm

Hot price for home sales in Redmond WA, near Microsoft, and East Bellevue (east of 405 freeway):

$300-399,999 and $400-499,999    3 home sales each

  • Most number of homes sold:  $300-399,999 and $400-499,999 3 homes sold in each price range.
  • Most number of homes for sale: $300-399,999   67 homes for sale.  This price range has had the most number of homes for sale over the last few weeks, which follows the decline in pricing.  For most of this year, the price range with the most number of homes for sale has  been $400-499,999.
  • There were 247  homes for sale and 13 homes sold in East Bellevue and Redmond, near Microsoft.
  • Here’s how the chart is 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.

Redmond and Bellevue, WA Home Sales Near Microsoft 11-10-10

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 the real estate activity  for the week.

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

__________________________

  • Peak of the number of homes for sale in King County in 2009?
  • July 27th- a high of 13,861 homes for sale

This year, 2010?

  • Week of 1-4-10            9726
  • Week of 7-26-10      14,639
  • Week of 11-8–10  12,942

***This weekly post has a new look! The full 7 week chart has been difficult to read, so I will report week by week instead.***

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Redmond and Bellevue, WA Hot Real Estate Prices, 11-3-10

In Bellevue real estate, For Buyers, For Sellers, Market Statistics, Real Estate news, Redmond, Weekly real estate updates on November 5, 2010 at 2:38 pm

Hot price for home sales in Redmond WA, near Microsoft, and East Bellevue (east of 405 freeway):

$400-499,999    5 home sales

  • Most number of homes sold:  $400-499,999 5 homes sold.
  • Most number of homes for sale: $300-399,999   68 homes for sale.  This price range has the most number of homes for sale again, which points to the decline in pricing, since most of this year the price range with the most number of homes for sale was $400-499,999.
  • There were 243  homes for sale and 12 homes sold in East Bellevue and Redmond, near Microsoft.  The number of homes for sale is down, which mirrors the trend in King County.

Redmond and Bellevue Real Estate Sales Stats

Redmond and East Bellevue, WA Home Sales - 11.03.10

  • Here’s how the chart is 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.

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

__________________________

  • Peak of the number of homes for sale in King County in 2009?
  • July 27th- a high of 13,861 homes for sale

This year, 2010?

  • Week of 1-4-10            9726
  • Week of 7-26-10      14,639
  • Week of 10-25–10  13,049

The number of King County homes for sale took a big drop from last week.  Plan to see that number drop even further as we head towards the end of the year.

***This weekly post has a new look! The full 7 week chart has been difficult to read, so I will report week by week instead.***

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