Updated Renton Real Estate, Newcastle Real Estate & South Bellevue Real Estate Market Statistics (As of October 27th, 2008)
These numbers are based on a three month historical analysis that compares this week with last week. MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90) Single Family
Continue ReadingLeave a CommentWest Bellevue (520) Home Stats – For Sale/Sold/Pending
These graphs will present no surprise for anyone following the Bellevue market. Nonetheless, it's helpful to quantify trends and present comparative analysis. The last three months show a particularly disconcerting trend of increase inventory and decrease in number sold.
Continue ReadingView Comments (1)Next Housing Market to Crash? Seattle
What makes you think the Seattle housing market is going to crash? In Seattle, if you look at it right now, on a year-over-year basis, you will see that inventory levels [of unsold homes] are up between 45 and 50 percent. And then if you looked at prices—in the price report that just came out—it would say that prices are down in Seattle by 4 percent. This is exactly what we saw in the rest of the country six to nine months ago.
Continue ReadingView Comments (1)Real Estate Market Update
While it is certainly true that our local market has slowed from it’s supersonic pace of a few years ago, it is still outperforming most other markets nationwide.
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