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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

When compared to 4 weeks ago, it is kind of a mixed bag with some of the hotter areas slowing down a bit, and the cooler areas warming up. One thing is certain the lower end (under 5-600k) is stronger than the upper end of the market in all areas.

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

Residential Only, NWMLS Area 380 (Central Seattle) = 30.8 weeks of inventory (was 35 four weeks ago)

Residential Only, NWMLS Area 385 (SODO/Beacon Hill) = 19.8 weeks of inventory (was 22 four weeks ago)

Residential Only, NWMLS Area 390 (Central Seattle) = 23.5 weeks of inventory (was 26 four weeks ago)

Residential Only, NWMLS Area 700 (Queen Anne/Magnolia) = 21.8 weeks of inventory (was 17 four weeks ago)

Residential Only, NWMLS Area 705 (Ballard/Greenlake) = 16.3 weeks of inventory (was 14.8 four weeks ago)

Residential Only, NWMLS Area 710 (North Seattle) = 14.7 weeks of inventory (was 13.4 four weeks ago)

Residential Only, NWMLS Area 715 (Richmond Beach) = 24.2 weeks of inventory (was 20.8 four weeks ago)

Residential Only, NWMLS Area 720 (Lake Forest Park) = 17.9 weeks of inventory (was 24.1 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 photographic skills of my colleges here in the Northwest.

Kids

I just had to laugh! As I enter my 20th year in real estate, I have never seen a photo like this. There is a phrase in photography... "If you want to take better pictures, get a more interesting subject." I am not sure this is what they meant. Unfortunately, it would take a great deal of Photoshop to save this one!

Who is the target buyer is for this home... maybe a budding child artist? :-)

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

Monday's Market Update - Eastside 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 Eastside 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

Last week week's numbers showed improvement across most of the Eastside in the Residential market. The condos are more mixed with some areas showing improvement while others are declining.

Condo Only, NWMLS Area 500 (Bellevue, South of I-90) = 31.5 weeks of inventory (was 31.5 four weeks ago)

Condo Only, NWMLS Area 510 (Mercer Island) = 63.5 weeks of inventory (was incalculable four weeks ago with no sales in 7 weeks)

Condo Only, NWMLS Area 520 (Bellevue, West of 405) = 39.5 weeks of inventory (was 45.3 four weeks ago)

Condo Only, NWMLS Area 530 (Bellevue, East of 405) = 31 weeks of inventory (was 27.8 four weeks ago)

Condo Only, NWMLS Area 540 (East of Lake Sammamish) = 40.9 weeks of inventory (was 39.3 four weeks ago)

Condo Only, NWMLS Area 550 (Redmond/Carnation) = 25.8 weeks of inventory (was 34.4 four weeks ago)

Condo Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 30 weeks of inventory (was 40.8 four weeks ago)

Condo Only, NWMLS Area 600 (Juanita/Woodinville) = 44.3 weeks of inventory (was 38.5 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
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle's Eastside Real Estate Resource
tony@eastsidehomes.com

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

All areas except 600 showed improvement from 4 weeks ago. The majority of this improvement is shows up in the homes priced at 599k or below.

Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 32.1 weeks of inventory (was 40.8 four weeks ago)

Residential Only, NWMLS Area 510 (Mercer Island) = 37.2 weeks of inventory (was 60.5 four weeks ago)

Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 58.3 weeks of inventory (was 66.9 four weeks ago)

Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 23.7 weeks of inventory (was 31.5 four weeks ago)

Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 29.4 weeks of inventory (was 30.9 four weeks ago)

Residential Only, NWMLS Area 550 (Redmond/Carnation) = 26.1 weeks of inventory (was 34.2 four weeks ago)

Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 36.2 weeks of inventory (was 39 four weeks ago)

Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 36.1 weeks of inventory (was 36 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.

We are only allowed 15 photos of a home in the Northwest MLS. How the agent felt the washer and dryer was important enough to make the cut is beyond me!!!??? Additionally, the photos of this home all look to be taken with a cell phone camera. This is a lower priced home in our area, but the seller is still likely paying 15k for this fine presentation of their home. What a shame!

Wandd

If you are ready to sell your home and would like top notch photos showcasing it, give me a call. You can view some of my work here: It is part of my service and I will make sure your home stands out! You can check out my work for my home sellers at: http://www.tonymeierphotography.com/f1038471003/

If you're an agent reading this and you would like to learn how to take better photos, check out http://photographyforrealestate.net/

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