Seattle Eastside Real Estate -- 3rd Quarter 2009 Closed Sales by Price

By Greg Perry, Kirkland Realtor

Eastside (NWMLS Areas 500-600) Closed Residential Sales 3rd Quarter 2009:

• Almost 50% of the sales sold for less than $500,000. About 80% of sales are under $750,000. This has been consistent throughout 2009.

• Seller occupied properties that sold have increased in percentage of the solds from 41% early in 2009 to 58% in the third quarter. (January and February = 41%; May = 50%; September = 58%)
• Short Sales are hard to get closed:
• 1. Active Listings that are short = 9% (315 of 3,372)
  2. Closed Sales that are short = 5% (80 of 1,479 sold)

• Bank owned properties are getting closed:
• 1. Active listings that are banked owned = 2% (72 out of 3,372)
  2. Closed Sales that are bank owned = 6% (93 of 1,479)