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Eastside Real Estate Market Report - 2011 sales activity residential and condominiums.
Here are the newest sales figures for the Eastside Real Estate Market Report - 2011 Sales Activity for Residential and Condominiums. Here are two major signs that the local eastside market is staring to stabilize and strengthen.
The first being total “Sales Activity” for 2011.
I have been tracking the sales activity in the greater eastside area and noticed promising trends that the bottom is near. When reviewing the sales figures for Eastside South (I-90 corridor), Mercer Island, Bellevue East, Bellevue West, Redmond, Kirkland, Juanita, Woodinville, and Bridle Trails the report clearly shows that there have been more sales in 2011 than the previous year by 12% for single-family homes. Condominiums on the other hand notched a 24% increase in sales over the previous year 2010. The strongest community with the most sales was Bellevue East with +107% increase and the weakest community being Redmond/Carnation with -31% drop in closed sales.
Eastside Residential Sales 2011- Market Activity (Single Family Homes)
Eastside Condominium Sales 2011- Market Activity (Condominiums)
The second promising factor is “Median Sales Price” for 2011.
Home values have been down overall in Seattle and in the greater eastside area for 2011, but when ... more
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