redmond: Salish Estates/Redmond/Close to Microsoft/$749,000/4 bedroom/2950 sq feet - 08/11/08 06:20 AM

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redmond: Market Update 3rd Quarter - 12/13/07 02:58 AM
Adjusting to New Realities
The third quarter of 2007 saw both buyers and sellers continuing to adjust to the new realities of a more buyer-friendly market, with some sellers reluctant to accept lower prices despite large inventories of homes. And while Western Washington seems to have missed the worst of the subprime mortgage crisis in terms of foreclosures and delinquencies, tightening lending practices have hampered sales.
 
July
The midsummer market saw increasing inventories and rising home price appreciation, though pending sales were down throughout the state. The median sales price of a home in King County was up 9% to $390,000.
 
August
August saw much … (0 comments)

 

Debbie and John Jergens

Redmond, WA

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John L Scott

Address: 22841 NE 8th Street, Sammamish, WA, 98074

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