Eastside and King County real estate is HEATING UP! 6th straight week of Top Ten sales (since Jan 2008)

By Greg Perry
Kirkland Realtor
www.425Realty.com

For residential single family homes, here is a side by side comparison of heat maps between March 2009 and March 2010. The Red areas indicate less than 3 months of inventory at the current rate of sale (seller's market), the yellow areas represent 3-6 months of inventory (balanced market) and the green areas have more than 6 months of inventory (Buyers market).

As you can see, several core areas in Seattle and the Eastside have entered Seller's market territory.

Sales continue to be brisk as both King Count and the Eastside achieved it's 6th consecutive week for Top Ten pending sales since January 2008.

Pending sales are up 89% for the year on the Eastside and 57% higher in the metro Seattle areas.

There are only 22 days left before the First Time Home Buyer tax credit ($8,000) and certain existing home owner tax credit ($6,500) ends. To qualify, you must have a contract in place before the programs end on April 30. If you have a question on this call me (425.829.7012) or email gregperry@workingforyou.com