“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Tony Meier - EastsideHomesBlog.com

Monday's 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

Bad MLS Photo Friday

Here is this week's installment featuring the pathetic photographic skills of my colleges here in the Northwest.

This photo was found on our MLS by Chris, one of my co-workers. Not sure what the agent was thinking with this one, but I am there is better way to show off the home....

Light_fixture

We can only place 15 photos in the MLS and I have nothing against using a light fixture as one of them. It would be best if the fixture that was REALLY something special though!!

Here is one I shot today for one of my new listings.

Light1

Schonbek crystal is at least worth a photo! However, this home is so spectacular this one won't make the top 15 cut for the MLS, but it will make the slideshow!

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

Monday's Market Update - Seattle 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 Seattle Area over the last 7 weeks. It appears that Seattle is back on the mend with many of the numbers returning to a balanced market. In fact, some areas and price ranges are clearly favoring the seller!

When looking at these numbers, keep 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 week. Most areas showed declines with 380 coming up some. The bright spots still remain areas 705 & 710.

Residential Only, NWMLS Area 140 (West Seattle) = 21.4 weeks of inventory (was 19.4 four weeks ago)

Residential Only, NWMLS Area 380 (Central Seattle) = 25.2 weeks of inventory (was 30.8 four weeks ago)

Residential Only, NWMLS Area 385 (SODO/Beacon Hill) = 29.2 weeks of inventory (was 19.8 four weeks ago)

Residential Only, NWMLS Area 390 (Central Seattle) = 27.8 weeks of inventory (was 23.5 four weeks ago)

Residential Only, NWMLS Area 700 (Queen Anne/Magnolia) = 23.2 weeks of inventory (was 21.8 four weeks ago)

Residential Only, NWMLS Area 705 (Ballard/Greenlake) = 15.7 weeks of inventory (was 16.3 four weeks ago)

Residential Only, NWMLS Area 710 (North Seattle) = 14.7 weeks of inventory (was 14.7 four weeks ago)

Residential Only, NWMLS Area 715 (Richmond Beach) = 32.2 weeks of inventory (was 24.2 four weeks ago)

Residential Only, NWMLS Area 720 (Lake Forest Park) = 22.1 weeks of inventory (was 17.9 four weeks ago)

If you have any questions on this information or would like to know the strength in your area and price range, 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

Bad MLS Photo Friday

Here is this week’s installment featuring the photographic skills of my colleges here in the Northwest.

My, Oh, My!! What can I say about this photo?? It really is not a poorly taken photograph, like many I post here, but the clutter sure caught my attention!!

Clutter

If your home looks like this I recommend you call my friend Stacey Anderson. She runs an organizing company called Organized Inovations and she can be reached at 425-785-5239. Stacey will make sure your home is never seen like this!

Posted By:
Tony Meier
Eastside Realtor

EastsideHomesBlog.com
EastsideHomes.com
Seattle's Eastside Real Estate Resource
tony@eastsidehomes.com

Monday's Market Update - Seattle Condos

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

This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep 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

When compared to 4 weeks ago... it is kind of a mixed bag, with no general direction being shown at this time. Just as the Seattle Residential numbers were last week. Again, these stats are price range dependant with the lower priced condos moving faster than the upper end in general.

Condo Only, NWMLS Area 140 (West Seattle) = 33.8 weeks of inventory (was 34 four weeks ago)

Condo Only, NWMLS Area 380 (Central Seattle) = 24.4 weeks of inventory (was 28.8 four weeks ago)

Condo Only, NWMLS Area 385 (SODO/Beacon Hill) = NO SALES in last 7 weeks (was 23 four weeks ago)

Condo Only, NWMLS Area 390 (Central Seattle) = 36.5 weeks of inventory (was 28.8 four weeks ago)

Condo Only, NWMLS Area 700 (Queen Anne/Magnolia) = 28 weeks of inventory (was 31 four weeks ago)

Condo Only, NWMLS Area 701 (Belltown, Downtown) = 28.5 weeks of inventory (was 35.5 four weeks ago)

Condo Only, NWMLS Area 705 (Ballard/Greenlake) = 27 weeks of inventory (was 26 four weeks ago)

Condo Only, NWMLS Area 710 (North Seattle) = 21.4 weeks of inventory (was 20.9 four weeks ago)

Condo Only, NWMLS Area 715 (Richmond Beach) = 31.9 weeks of inventory (was 26.9 four weeks ago)

Condo Only, NWMLS Area 720 (Lake Forest Park) = 25.2 weeks of inventory (was 46.3 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