Monday Market Update – Eastside Residential

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

 

 

 

This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind:

1.       These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@eastsidehomes.com

2.       These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.

3.       When measuring the heat of the market, the following rules apply:

a.       12 weeks or less = Seller’s Market

b.      12-24 weeks = Balanced Market

c.       24 or more weeks = Buyer’s Market

Another mixed bag this week, with only slight declines or improvements. Area 520 showed the most improvement, but with over a year of inventory at current absorption rates, the Buyer’s are still in control.

Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 41 weeks of inventory (was 43.2 four weeks ago)

Residential Only, NWMLS Area 510 (Mercer Island) = 32.7 weeks of inventory (was 26.8 four weeks ago)

Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 57.4 weeks of inventory (was 79.4 four weeks ago)

Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 26.7 weeks of inventory (was 23.4 four weeks ago)

Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 32 weeks of inventory (was 30.9 four weeks ago)

Residential Only, NWMLS Area 550 (Redmond/Carnation) = 30.7 weeks of inventory (was 32 four weeks ago)

Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 63.5 weeks of inventory (was 51 four weeks ago)

Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 39.9 weeks of inventory (was 35.9 four weeks ago)

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

English Hill Listing – Two Story, 4 bd, 2.5 bth, Den and Bonus on sunny, south facing 12,000s.f. lot!

Redmond Listing
By: Tony Meier

Just Listed for $569,000

17809 NE 131st St – English Hill – Redmond

Fantastic two story home in Olde Morrison Place on English Hill!  Ideally situated, the home features 4 bedrooms, 2.5 baths, den, bonus, 2718 s.f. on a sunny, south facing 12,000 s.f. lot! Inviting formal living room and adjacent dining room have bay windows overlooking the yard.  Spacious kitchen with breakfast bar opens to large family room with brick wrapped fireplace & French doors to deck & yard. Huge main floor bonus room is an ideal spot to play or entertain with French doors leading to the covered deck! Main floor den with closet and adjacent powder room – great for guests! Wonderful master suite with “his & hers” closets, bay windows overlooking rear yard, double vanity & newly refinished shower over tub. Three additional bedrooms and main bath are also spacious. New carpet throughout most of the home. Southern facing lot is like your own private park! Huge entertainment sized deck with covered porch allows entertaining or relaxing all year long. Two outbuildings for storage or workshop space. Attached two car garage and deep driveway with basketball hoop for play! Outstanding Northshore schools – Sunrise Elem., Timbercrest Jr High, & Woodinville High. Easy access to Downtown Redmond & Microsoft.

Full details at http://EnglishHillHome.com

 

 

For more details on the English Hill neighborhoods including – Crown Heights, Wyndham Knoll, Mount Clare Estates, Mount Clare Woods, Langtree Estates, Hollymere, Glenterra, Olde Morrision, Hampshire, Amberley, Coventry, Sheffield & Park Avenue go to http://www.englishhillonline.com/

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com