For the Eastside NWMLS areas 500-600, RESIDENTIAL (not condos) Pending sales were up an incredible 33% from last year (805 in 2010 vs. 607 in 2011). However, the available inventory (Active listings to sell) was down 14% ( 3,163 in 2010 vs. 2721 in 2011). The Eastside Months Of Inventory dropped to 3.4 months at the current rate of sale this year from 5.2 months of inventory last year. Median prices on the Eastside slipped 2 % from last year coming in at $507,653, vs. $519,581 last year. Overall, an outstanding performance. The nice inventory continues selling quickly. Doggy inventory and high priced inventory is just sitting. There are plenty of forecloused … (1 comments)
September 2010 Eastside (NWMLS Areas 500-600) came in with 544 Pending sales vs. 664 in Sept. 2009. Both 2009 and 2010 show 3.417 Active listings raising Months of Inventor from 5.1 in 2009 to 6.3 in 2010. Market time dropped, however to 110 days from 124 days on market. To see the September 2010 Residential Statistics at-a-glance:
Here's how September 2010 compares with the last 5 years:
As we see by the heat map below, the King and Snohomish County region has slipped dramatically from last year as measured by Month's of Inventory.
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greg perry: Kirkland Realtor Greg Perry Quoted in Seattle Times Article
- 09/29/10 12:03 PM
On Sunday, The Seattle Times featured an article titled "Making Sure Your Price Is Right". I recently closed a sale where we upgraded many tired cosmetics to reap the Seller more on the sale of your house. Here is an excerpt. "A client recently spent $17,000 on paint, flooring, countertops, baseboards and other improvements to reap much more on her sale, said Greg Perry, a Windermere Real Estate agent in Kirkland. A buyer quickly put in an offer for the spruced-up home, which listed for $399,000, Perry said. He said he would have suggested it be priced at about $320,000 before the … (2 comments)
greg perry: Preparing Your Home For sale -- New Paint, New Baseboards and Interior Door Update!
- 08/19/10 07:07 AM
By Greg Perrywww.425Realty.comKirkland Realtor Dark Mediterranean decorating was popular -- IN THE '70'S! But not today. If you have those old, think baseboards, consider replacing them with a newer modern look. Here's what we did in a recent listing: It was actually more cost effective to replace the baseboards instead of cleaning, priming and painting the existing baseboards. Having a modern looking profile was a bonus!
This next series of before and after photos show the dark Mediterranean style doors primed and painted with a creamy white color. The wall color is a very nice decorator beige color. We saved the cost of replacing doors and … (3 comments)
greg perry: Good words from a client.......
- 07/21/10 09:05 AM
by Greg Perry, Kirkland Realtorwww.425Realty.com Deanna relocated from Chicago to Seattle and she recently closed on her new home. Deanna was delightful to work with. Today she sent this testimonial to me.
Greg,What can I say? I am so lucky I found you. You have gone above and beyond my expectations.For those of you out there looking for a realtor, all I can say is Greg Perry is your man! Here’s why...I decided to move to Seattle after living in Chicago for 17 years.Needless to say, relocating is not easy. However, Greg is making the process painless.He not only … (0 comments)
greg perry: Weekly Residential Pendings Remain Soft Since End of Tax Credit
- 07/02/10 10:28 AM
By Greg PerryKirkland Realtorwww.425Realty.com It was a lot more fun reporting the weekly King County residential sales numbers in March and April when the market was ripping along at almost breakneck speed. When the tax credit ended, the market hit the brakes. The 2010 market is looking very similar to the 2007 bubble market where we saw the sub prime mortgage crises turn the market turn off over night. Todays Buyers have the lowest interest rates on record, plenty of selection and plenty of room to negotiate. Here's the latest weekly King County Residential Pending Sales Chart: Here … (0 comments)
greg perry: King County / Eastside Residential Pending Sales Remain Soft
- 06/04/10 07:01 AM
By Greg PerryKirkland Realtorwww.425Realty.com At this point there is no doubt that the government tax credits stimulated the King County and Eastside real estate markets. The Pending sales counts averaged 648 for the 10 weeks leading up to the end of the tax credits. The high water mark was 701Pending sales. Since the end of the tax credit, Pending counts have slid to an average of 349 (last 4 weeks). The Eastside (NWMLS Areas 500-600) averaged 194 Pending sales during the same period. In the last 4 weeks this averaged has dropped to 120.
To see the video discussion of the crawl space for this home, Click Here … (0 comments)
greg perry: King County Residential Weekly Pending Count Cool (But Improving)
- 05/28/10 07:39 AM
By Greg PerryKirkland Realtorwww.425Realty.com For ten straight weeks we saw King County residential Pending sales counts well over 600 per week. The best week was in mid April where 701 Pending sales logged. Since the Home Buyer Tax Credit expired three weeks ago, we've seen Pending counts dip considerably. The counts for the last three weeks show314, 360 and 387. Eastside Pending counts (NWMLS areas 500-600) came in at 106,144 and 113 for the same three week period. The high water mark residential Pending mark for the Eastside was 199.
This chart shows the residential Pending counts by NWMLS area. As you can easily see, Months of … (0 comments)
greg perry: Tax Credit Hangover? King Count Residential Pending Sales Drop Dramatically!
- 05/21/10 07:21 AM
By Greg PerryKirkland Realtorwww.425Realty.com King County Residential Pending Sales First things first. As I post the following statistics, there is a chance that the last two weeks are not accurate. The NWMLS switched databases from a company called Locator to Matrix. During the change over, Pending input was not allowed for a few days (last week). That week we went from 616residential Pending Sales in King County to 314. I would have thought that this week would have balanced the numbers back some, however, this week's Pending sales were only 360. Focus on the colors for a moment. Green = Buyer's market (greater than 6 months … (0 comments)
greg perry: April Eastside Real Estate Statistics -- At A Glance
- 05/18/10 06:54 AM
By Greg PerryKirkland Realtorwww.425Realty.com April's weather may have brought the customary showers for May flowers, however, the April real estate market was downright HOT! The Eastside NWMLS areas 500-600 saw the overall months of supply number dip all the way down to only 3.5 months of inventory at the current rate of sale. Active listings were down 18% from last year. We had 47% more Pending Sales and an 84% increase in Closed Sales. Median prices were slightly down, but continue to show market stabilization.
And here is what the supply and demand looks like for King, Snohomish and Pierce counties:
There are several Seller's areas in … (1 comments)
greg perry: A Personal Story (That has nothing at all to do with real estate)
- 04/16/10 06:40 AM
Recently gave my father (approaching 80 years) a new mechanical automatic winding watch, which he loves. Afterward, we chatted about his old watches (I remembered a Benrus in particular that he wore when I was a child).He didn't have the one I remembered, but he pulled this old watch out of a COIN BOX!. It was missing the crystal, and as you can see, the face of the watch was damaged and discolored and the case was pretty well beat up. This vintage Benrus watch belonged to his father (my grandfather). He thinks it was purchased around 1946. It has … (5 comments)
greg perry: Good words from a client.......
- 04/16/10 06:36 AM
Good words from a client.... Josh and Kelly recently moved into their new home. They were kind enough to send along some good words about their experience..... "Our first impression is that you were very professional and organized which will we still find true. We felt like a priority and really thought both of you knew what we were looking for. Also you were very knowledgeable of the different areas. We appreciated the communication. You did a great job checking in on us. You followed through with the problem we had with the refrigerator. You do what you say and do more than expected. … (1 comments)
greg perry: Eastside and King County real estate is HEATING UP! 6th straight week of Top Ten sales (since Jan 2008)
- 04/09/10 11:17 AM
By Greg PerryKirkland Realtorwww.425Realty.com For residential single family homes, here is a side by side comparison of heat maps between March 2009 and March 2010. The Red areas indicate less than 3 months of inventory at the current rate of sale (seller's market), the yellow areas represent 3-6 months of inventory (balanced market) and the green areas have more than 6 months of inventory (Buyers market). As you can see, several core areas in Seattle and the Eastside have entered Seller's market territory.
Sales continue to be brisk as both King Count and the Eastside achieved it's … (0 comments)
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