What is happening on Mercer Island???

I follow statistics every friday morning and I am just stunned as to the lack of activity taking place on the island. I guess it's true that those markets which were affected last will recover later than others. What an amazing time to be a buyer on the island in that homes which have excessive market times are taking drastic price reductions. Unfortunately, we're not seeing a lot of great homes to purchase. It's fairly simple to find a 40-year old not updated home but how about an updated home, on a great street, at a realistic price?

Check out my weekly trackings to better understand what I am talking about. Definitely a buyer's market...

http://www.jayagoado.net/blog/QuarterlyRatios(Area510).pdf