Debra Sinick

Posts Tagged ‘Microsoft’

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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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Microsoft Gives Us an Earth Day Present

In Microsoft, recycling, Redmond on April 21, 2011 at 1:39 pm

Microsoft has given the world an Earth Day present!  Kudos to Microsoft for committing to purchase only recycled paper.  The paper is coming from a Washington company located in Gray’s Harbor.  So not only is the use of recycled paper a plus for the environment, it’s a boon to a small Washington town’s economy.  Grays Harbor Paper takes recycling a step further by using sustainable practices to develop their paper.  Their dedication to sustainable practices has been e-certified.

Microsoft Signage

Microsoft sign

the energy used to manufacture the paper comes from wood waste sustainably gathered from the forest floor, and the paper is manufactured completely from recycled fibers of post-consumer wastepaper from the Northwest using a chlorine-free chemical process.

According to the Greener Idea blog:

Microsoft’s switch to recycled paper will save 5 Olympic sized swimming pools of waste water every year, and 8 garbage trucks full of solid waste from ending up in a landfill. Microsoft’s switch to 100% post consumer recycled paper will also cut 750 million pounds of CO2.

Oh,  and did I mention this will save 8000 trees?

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What Are Those Signs Along Redmond WA’s Microsoft Corridor

In Exploring Redmond, Microsoft, Redmond on July 27, 2010 at 6:35 am

Have you noticed the blue and green signs in Redmond in the Microsoft/Overlake area?


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I’ve noticed them for a while.  They point out the sights in Redmond.  It’s great advertising for the trails and natural areas in Redmond.  Even though Microsoft, other companies, and neighborhoods take up a huge part of Redmond, there still are many natural areas to explore.  It’s the best of both worlds.  There’s a strong economic base co-existing with an abundance of trails and natural areas.

Neighborhood Signs in Redmond, WA near Microsoft

Directional signs in Redmond, WA near Microsoft

Jeff Churchill, a Senior Planner for the City of Redmond commented on the signs:

The signs are the Overlake “Wayfinding” signs, geared toward pedestrians and bicyclists.  Most of the 25 planned signs are installed throughout Overlake.  They were installed in 2009
with a mix of City funds and a grant from the Washington State Tourism Commission.

About 20 similar signs are located in Downtown Redmond; they were installed in 2008.

I like the signs because they tell more of the story about Redmond.  The signs let people know about some of the great places to go in the city.  Check some of these places out.  I know how easy it is to take places that are on our doorstep for granted, but it can be fun to “play visitor” right in your own backyard.

Have you been to Redmond West’s wetlands area?

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Redmond, WA Real Estate Buzz For Homes Near Microsoft, 3-22-10

In For Buyers, For Sellers, Market Statistics, Real Estate news, Redmond, Weekly real estate updates on March 22, 2010 at 12:39 pm

Good King County Real Estate News:

·       Second best week in King County since 07-18-07.  Year to date sales up 64%
·       Second best week on the Eastside since 07-18-07 .  Year to date up 98%!!

This pace is clearly spilling over to Redmond real estate market with very healthy activity.  Redmond has the best real estate market it’s had in years.  If you look below, there are some homes that have sold quickly.  The homes that sell quickly are those that are priced right and show perfectly when compared to the competition.  If your home is not selling, then the real estate market is not seeing your home as a value when compared to the other homes on the market.  If your home is not priced right, you could miss out on the strongest market we’ve seen for Redmond home sales in three years.

There are only 39 days left to find a home, have an offer accepted, and use the 2010 home buyer tax credit.

For this week’s full report see below:


View Larger Map

In real estate terms, we call this area 530. The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report.  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. In real estate terms, we call this area 530. The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report. The numbers in parentheses show last week’s totals. All numbers are gathered on Monday morning from NWMLS (Northwest Multiple Listing )information.

Number of homes for sale: 56 (56)

New listings: 5 (5)

Pending inspection:2 (4)

Pending: 3 (3)

Closed Sales: 3 (2)

Price Reductions: 2 (8)

Price Increases:0 (0)

Off The Market (not sold)  0 (0)

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$0-$349,999: 6 (6)

$350,000-$499,999: 21 (20)

$500,000-$749,999: 19 (18)

$750,000-$999,999: 5 (5)

$1,000,000- $1,499,999: 3 (3)

$1,500,000- $2,999,999: 2 (2)

$3,000,000+ 2 (2)
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Average Asking Price of Homes for Sale: $753,762 ($750,247)

Median Asking Price of Homes for Sale: $522,450 ($515,975)

Average Days on Market: 89 (90)

Highest Priced Listing: $4,925,000 ($4,925,000)

Lowest Priced Listing: $259,950 ($259,950)

New listings: New listings range in price from the mid 300′s-mid 700′s.  

Pending inspections and pending: Two homes received and accepted an offer.  Three homes are now pending, which means the buyer and seller have agreed on the results of a home inspection and are now moving towards closing.  Homes receiving offers were priced between the high 300′s to the mid 500′s.

Price reductions: Two this week.

Homes off the market (homes that did not sell) Two

Closed home sales: Threehome sales closed.

Days on Market: The market time is still hovering around 3 months. 

Median price: Dropping slightly because more of the Redmond homes for sale are priced below 750k.

Closed Sales Of The Week:

Sales price: $345,000 Last asking price: $324,900, Original asking price: $405,000, sold in 130 days for 15% below the original asking price.

Sales price: $415,000, Last asking price: $415,000, Original asking price: $415,000, sold in 7 days for FULL  price.

Sales price: $739,000, Last asking price: $785,000 Original asking price: $785,000, sold in 9 days for 6% below the original asking price.

Peak of homes for sale in King County, WA in 2009:

7-27-09   13,861

This year, in 2010:

1-4-10       9726

3-22-10  12,515 homes for sale

King County Real Estate

King County Real Estate, 3-22-10

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Redmond, WA Weekly Real Estate Buzz For Homes Near Microsoft, 3-15-10

In For Buyers, For Sellers, Market Statistics, Real Estate news, Redmond, Weekly real estate updates on March 15, 2010 at 4:57 pm

Will more homes come on the market in Redmond, WA in the next few weeks?  The answer is yes.  We are experiencing the typical spring Redmond real estate market coupled with the April 30th deadline for the home buyer tax credit.

This week there were four more homes for sale in Redmond.  As I mentioned last week, I know this number will increase, as my team and I are putting on 3 new listings in Redmond over the next couple of weeks.  I know other real estate agents are putting more Redmond homes up for sale in the next few weeks.

So I’ll repeat what I said in last week’s post:

The Redmond real estate market may be getting more competitive in certain price ranges with this increase in the number of homes for sale.  It will be important to watch the real estate activity over the next couple of weeks.  If you’re planning to sell your home, make sure your home is priced with this new competition in mind.  Remember, too, more than likely more homes are coming on the market in the next few weeks, so don’t overprice your home and get lost in all the shuffle.


There are only 46 days left to find a home, have an offer accepted, and use the 2010 home buyer tax credit.

For this week’s full report see below:


View Larger Map

In real estate terms, we call this area 530. The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report.  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. In real estate terms, we call this area 530. The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report. The numbers in parentheses show last week’s totals. All numbers are gathered on Monday morning from NWMLS (Northwest Multiple Listing )information.

Number of homes for sale: 56 (55)

New listings: 5 (7)  plus 2 homes have come back on the market.

Pending inspection:4 (1)

Pending: 3 (3)

Closed Sales: 2 (3)

Price Reductions: 8 (2)

Price Increases:0 (0)

Off The Market (not sold)  0 (0)

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$0-$349,999: 6 (5)

$350,000-$499,999: 20 (21)

$500,000-$749,999: 18 (16)

$750,000-$999,999: 5 (5)

$1,000,000- $1,499,999: 3 (4)

$1,500,000- $2,999,999: 2 (2)

$3,000,000+ 2 (2)
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Average Asking Price of Homes for Sale: $750,247 ($772,936)

Median Asking Price of Homes for Sale: $515,975 ($522,450)

Average Days on Market: 90 (89)

Highest Priced Listing: $4,925,000 ($4,925,000)

Lowest Priced Listing: $259,950 ($269,950)

New listings: New listings range in price from the mid 300′s-high 600′s.  

Pending inspections and pending: Four homes received and accepted an offer.  Three homes are now pending, which means the buyer and seller have agreed on the results of a home inspection and are now moving towards closing.  Homes receiving offers were priced between the high 300′s to over one million dollars.

Price reductions: Eight this week.  This is more typical of the number of price reductions we used to see in most of 2009.

Homes off the market (homes that did not sell) None.

Closed home sales: Two home sales closed.

Days on Market: The market time is hovering around 3 months.  The time has been shortened mostly because there are a number of new listings on the market in Redmond over the last few weeks, so they’ve not been on the market for a long time.

Median price: Dropping slightly because more of the Redmond homes for sale are priced below 750k.

Closed Sales Of The Week:

Sales price: $465,000, Last asking price: $484,950, Original asking price: $529,000, sold in 124  days for 13% below the original asking price.

Sales price: $537,000, Last asking price: $549,000, Original asking price: $549,000, sold in 27 days for 3% below the original asking price.

Peak of homes for sale in King County, WA in 2009:

7-27-09   13,861

This year, in 2010:

1-4-10       9726

3-9-10  12,324 homes for sale

Number of King County WA Properties for Sale, March 2010

King County WA homes and Condos for Sale, 3-15-10


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Redmond WA Weekly Real Estate Buzz for Homes Near Microsoft, 3-8-10

In For Buyers, For Sellers, Market Statistics, Real Estate news, Weekly real estate updates on March 9, 2010 at 10:34 am

Will more homes come on the market in Redmond, WA in the next few weeks because of the home buyer tax credit?

The answer to this question this week is “yes.” Eleven more homes are now for sale in Redmond, representing an increase of 22% in the number of homes for sale. I can guarantee this number will increase, as my team and I are putting on 3 new listings in Redmond in the next couple of weeks.  I’m sure I’m not the only Realtor putting more Redmond homes on the market.  The Redmond real estate market may be getting more competitive in certain price ranges with this increase in the number of homes for sale.  It will be important to watch the real estate activity over the next couple of weeks.  If you’re planning to sell your home, make sure your home is priced with this new competition in mind.  Remember, too, more than likely more homes are coming on the market in the next few weeks, so don’t overprice your home and get lost in all the shuffle.

Are all of these new listings the result of the home buyer tax credit? That’s hard to say.  Usually the number of homes for sale in Redmond starts increasing as we head towards spring as evidenced by the chart below.  The home buyer tax credit may only be adding an incentive to home owners to get their homes on the market as soon as possible.

There are only 52 days left to find a home, have an offer accepted, and use the 2010 home buyer tax credit.

For this week’s full report see below:


View Larger Map

In real estate terms, we call this area 530. The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report.  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. In real estate terms, we call this area 530. The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report. The numbers in parentheses show last week’s totals. All numbers are gathered on Monday morning from NWMLS (Northwest Multiple Listing )information.

Number of homes for sale: 55 (44)

New listings: 7 (0)  plus 5 homes have come back on the market.

Pending inspection:1 (2)

Pending: 3 (2)

Closed Sales: 3 (2)

Price Reductions: 2 (1)

Price Increases:0 (0)

Off The Market (not sold)  0 (5)

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$0-$349,999: 5 (3)

$350,000-$499,999: 21 (14)

$500,000-$749,999: 16 (15)

$750,000-$999,999: 5 (3 )

$1,000,000- $1,499,999: 4 (5)

$1,500,000- $2,999,999: 2 (2)

$3,000,000+ 2 (2)
———————————–
Average Asking Price of Homes for Sale: $772,936 ($859,480)

Median Asking Price of Homes for Sale: 522,450 ($586,500)

Average Days on Market: 89 (106)

Highest Priced Listing: $4,925,000 ($4,925,000)

Lowest Priced Listing: $269,950 ($269,950)

New listings: The most new listings we’ve seen come up on the Redmond real estate market since last summer.  New listings range in price from $375-565,000.  The biggest uptick in homes for sales happened in the $350-499,000 price range.  

Pending inspections and pending: One home received and accepted an offer.  Three homes are now pending, which means the buyer and seller have agreed on the results of a home inspection and are now moving towards closing.  The offers this week was for a home priced in the $700′s.

Price reductions: Two this week.

Homes off the market (homes that did not sell) None, something we have not seen in a long time.

Closed home sales: Three home sales closed.

Days on Market: The average days on market has been about 4 months, but dropped significantly because there are so many new listings that have been on the market for less than a week.

Median price: Dropping slightly because of the influx of new listings in the $350-399,950 price range.

Closed Sales Of The Week:

Sales price: $340,000, Last asking price: $350,000, Original asking price: $469,900, sold in 450 days for 33% below the original asking price.

Sales price: $505,000, Last asking price: $524,850, Original asking price: $559,850, sold in 97 days for 10% below the original asking price.

Sales price: $720,000, Last asking price: $749,000, Original asking price: $749,000, sold in 312 days for 4% below the original asking price.

Peak of homes for sale in King County, WA in 2009:

7-27-09   13,861

This year, in 2010:

1-4-10       9726

3-9-10  12,066 homes for sale

King County Real Estate 3-10-10

King County Properties for Sale, 3-10-10

King County real estate is following its typical pattern with more homes and condos coming on the market as we head into spring.

My question from last week:  “Will A Lot of Homes Come On The Market in King County in the next few weeks because of the home buyer tax credit?”  What do you think?

This question has been answered in Redmond with an uptick of 22% more homes on the market.  That’s a huge increase in Redmond homes for sale.

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