Eastside Seattle Real Estate Blog

Number of Active Listings in Sammamish Rises 24% - Market Shifting?

For the third consecutive month, the number of homes for sale in Sammamish continues to increase - active listings increased 24% in June, compared to May - which also had an increase of 22% from April. Pending listings have leveled-off a bit, dropping by 13% in June compared to the previous month.
As is the case with other "hyper-local" housing markets on Seattle's Eastside, it appears we may be moving away from the unsustainable market dynamics we've experienced for several months. While it's highly likely neighborhoods in Sammamish will continue to have strong interest from buyers when new listings come up, if the current pattern persists, it's possible we may be at the beginning stages a more balanced (and healthier) real estate market in the future.

Active Listings in Issaquah Increase 17% - Signs of a Slow Down?

The number of Issaquah homes for sale continues to rise. For the second month in a row, the number of "active" listings for single-family homes in Issaquah increased significantly. In May 2013, active listings increased 33% from April - and then went up again 17% during June. At the same time however, the number of <empending sales dropped 10% in June compared to May. As evidenced in the chart below, for the time being anyway, active and pending listings are now plotting in the opposite direction, rather than colliding - thus there are at least a "few" more homes available for Issaquah home buyers to choose from - relatively speaking, that is. Since January of 2013 the Issaquah housing market has been decidedly in favor of the seller, with new listings being immediately gobbled up in multiple offer situations.


Home Buyers in Bellevue Paying Over Asking Price - 10% or Higher

multiple offersWhether you own a Bellevue home, or you're in the market to buy a home soon, you probably already know that the entire Seattle metro area has been in a strong "seller's market" for quite some time now. And in Bellevue, multiple offers are expected, and buyers must be prepared to produce their best offers right out of the starting gate.

Some Buyers Paying 10% (or more) Over Asking Price

What you probably don't know however, is that homes in several Bellevue neighborhoods are pushing final sale prices well above the original asking price. When reviewing the listings in the MLS, we often see home selling for 5-8% over the original list price - and in some cases, buyers are paying 10% or more over asking. With so...

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