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Dan Edwards, REALTOR® Helping you home in Sammamish Washington

Seattle Ranks High for Real Estate Investing

If you are interested in investing in real estate in the Seattle Area you will find many are saying that Seattle Ranks very high for potential real estate investors.
The Seattle area will be the nation's fifth-best market for real estate investing next year and the top "buy" market for retail and industrial property, according to a new report. A separate report released Wednesday says investors are snapping up homes in the area, but other potential buyers are staying on the sidelines. First, the latest "Emerging Trends on Real Estate" report, by the Urban Land Institute (a real estate think tank) and consulting firm PricewaterhouseCoopers, says the Seattle area real estate market will bounce back next year thanks to its... More
When investing in real estate here are a few tips to help you make the most out of your investment:
  • Realize that investment means risk (Don't play with house money)
  • Remember that the first rule of real estate is LOCATION, LOCATION, LOCATION
  • Look for homes near job centers or with a quick commute to job centers
  • Base your Future Value on realistic, quick exit numbers.
  • Have a Plan B, and a Plan C.

Wordless Wednesday: Real Listing Photo

As I was browsing the new homes listed on the market today I came across this home. I really don't know what the agent was thinking. Notice the sign in the photo(against the rules) not to mention now this agent is known for a really crumby photo. If you were the agent what would your marketing remarks say?

Home Sales Report for the Eastside and King County - October 2011

October 2011 Homes Sales Report for King County & Cities of Bellevue, Redmond, Kirkland, Issaquah and Sammamish. In October of 2011 King County closed sales were up 16.61% from October 2010 (1,853 vs 1,589) . The Eastside showed some very strong numbers as well with closed sales. Closed sales were up 13.29% (588 vs 519) The median home price in King County in October was $287,500 down 17.86%. The Eastside Median Sales price was down just 10.75% to $415,000. For the sixth straight month, pending sales across King County moved up 16.61%, while pending sales on the Eastside were up 13.29%. In addition I am noticing quite a bit of potential in the market. We are still seeing inventory numbers decline. In October total active listings were down 26.54% in King County and down 25.01% on the Eastside from October of 2010. See the raw numbers from the Northwest Multiple Listing Service. Also take a look at the housing numbers for Sammamish and Redmond. In Kirkland the Market Action Index(a gauge of market activity) remains strong. While it's still a buyers market, it is much more balanced. With interest rates in the LOW 4's buyers affordability is at an all time high.
Here is a breakdown of real estate homes sales in Seattle Eastside Communities of Bellevue, Kirkland, Redmond, Issaquah and Sammamish, Washington for the week broken down by neighborhood. Just click on the link to your neighborhood for the complete breakdown of the homes that are on The chart below breaks down Seattle Washington's Greater Eastside Real Estate homes sales by City, for the week of 10/15/2011.
City # of Active Listings
Homes For Sale in Bellevue, Washington 447
Homes For Sale in Issaquah, Washington 243
Homes For Sale in Kirkland, Washington 336
Homes For Sale in Redmond, Washington 357
Homes For Sale in Sammamish, Washington 324
To find out what your home is worth or If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 206-818-8816 or Click here to send me an e-mail requesting further information.

Home Sales Report for the Eastside and King County - September 2011

September 2011 Homes Sales Report for King County & Cities of Bellevue, Redmond, Kirkland, Issaquah and Sammamish. In September of 2011 King County closed sales were up a remarkable 36.26% from September 2010 (1,999 vs 1,467) . The Eastside showed some very strong numbers as well with closed sales. Closed sales were up an incredible 41.73% (703 vs 496) The median home price in King County in September was $310,000 down 11.42%. The Eastside Median Sales price was down just 5.80% to $438,000. For the fifth straight month, pending sales across King County jumped up 24.28%, while Pending Sales on the Eastside we up 22.44! This shows that the market is moving in the right direction. Again we are seeing inventory numbers decline. In September total active listings were down 25.43% in King County and down 24.68% on the Eastside from September of 2010. See the raw numbers from the Northwest Multiple Listing Service. Also take a look at the housing numbers for Sammamish and Redmond. In Bellevue the Market Action Index(a gauge of market activity) in July showed above 17 and continues to show strongly at 16.54. While it's still a buyers market, it is much more balanced. With interest rates in the LOW 4's buyers will look back on now and say look how smart I was to buy in 2011!
Here is a breakdown of real estate homes sales in Seattle Eastside Communities of Bellevue, Kirkland, Redmond, Issaquah and Sammamish, Washington for the week broken down by neighborhood. Just click on the link to your neighborhood for the complete breakdown of the homes that are on The chart below breaks down Seattle Washington's Greater Eastside Real Estate homes sales by City, for the week of 10/15/2011.
City # of Active Listings
Homes For Sale in Bellevue, Washington 508
Homes For Sale in Issaquah, Washington 281
Homes For Sale in Kirkland, Washington 377
Homes For Sale in Redmond, Washington 396
Homes For Sale in Sammamish, Washington 352
To find out what your home is worth or If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 206-818-8816 or Click here to send me an e-mail requesting further information.

Demand is high for attractive inventory

Demand is high for attractive inventory. It seems impossible that with all that has transpired in the housing market that there would actually be a demand for inventory. Over the last few weeks as my clients have been combing the area for first time homes they have been disappointed with the available inventory out there. It is getting harder and harder to find a good home for many reasons one is that some sellers are deciding to just not lower their prices instead deciding to just take their homes off the market another reason is the distresses inventory out there. To illustrate my point, homes are split into 3 categories, short sales, bank owned and free and clear. Based on today's NWMLS data King County has 7,554 homes currently for sale. Of those homes 1, 433 are listed as short sales and 653 are Bank Owned properties the rest 5,468 are free and clear. That makes 28% of the available homes or 1 in 3 home on the market is distressed in some way. This leads me to the conclusion that if you have a good home priced well you should find a ready and willing buyer fairly quickly. This is not an isolated event here is a link to the WSJ with the article titled Slim Pickings Are Latest Headache for Home Sales by Nick Timiraos discussing the problem nation wide with dwindling inventory. Here are some more real estate links: