Bellevue, WA Real Estate Update

If you have been thinking of buying or selling real estate in Bellevue, WA, knowing what is happening in the local market is crucial. As a seller, you get an idea of how long, on average, your home could sit on the market, what a good list price is as well as the square footage costs. As a buyer, you can feel confident that you made a competitive offer as well as have a good idea of what you could spend on real estate in Bellevue, WA. In a market that has low inventory like this area, the more you know, the better chance you have at not only finding that dream home, but also having your offer accepted. Another great way to achieve real estate success is by aligning yourself with a Bellevue, WA realtor. So how is the local market doing? Let’s take a look at the numbers!

The average sold price for Bellevue, WA homes for sale is up 21.7% at $773, 793 while the median sold price is up 19.2% at $715,000. The average price per square foot is up 18.3% at $381 while the average percentage of list price is 105.9%. As a seller, this is all good news. It basically means that the value of your real estate in Bellevue, WA is likely up. Of course working with a Bellevue, WA realtor who can give you a tailored market report based on your Bellevue, WA real estate can confirm this. The percentage of list price is also a good indicator of your negotiation power. As a buyer, it gives the heads up that not only is the average Bellevue, WA real estate getting full price, they are getting over asking. New listings are down 4.5%, homes for sale are down 25.9%, pending sales are down 1.4% and closed sales are up 0.6%. The average days on market is 16 while the median is 7. This means homes for sale in Bellevue, WA are not only getting offers, but they are getting offers quickly. Which is no surprise given that the month supply for Bellevue, Wa real estate is less than 1 at .80! Now more than ever, it is important to work with a qualified Bellevue, WA realtor. Whether you are buying a home for sale in Bellevue, WA or listing one, having a local expert help navigate you through the process will help you achieve success. For more information, give me a call. I would be happy to help!


Posted on October 20, 2017 at 12:51 am
Rayme Teders | Posted in Uncategorized |

Tam O’ Shanter Real Estate Update

When it comes to buying or selling a home for sale in Tam O’ Shanter, making sure you are armed with accurate information is the best way to have a successful experience. As a local Tam O’ Shanter realtor, I take great pride in  utilizing the NWMLS’s Info Sparks, which provides up to date info on the median and average sold price, how many days homes are sitting on the market, price per square foot and so much more. Knowing what is happening with real estate in Tam O’ Shanter is crucial whether you are a seller or a buyer. As a seller, you get an idea of how long, on average, your home could sit on the market, what a good list price is as well as the square footage costs. As a buyer, you can feel confident that you made a competitive offer as well as have a good idea of what you could spend on real estate in Tam O’ Shanter. In a market that has low inventory like this neighborhood, the more you know, the better chance you have at not only finding that dream home, but also having your offer accepted. So how are we doing in the neighborhood? Let’s take a look!

The good news for buyers is that the average sold price is up 23.6% at $867,985 while the median is up 17.8% at $766,500.  This increase reflects the change compared to this time last year, but this is also up just from last month as well. The average percentage of list price is 105.4%. This means that homes are not only getting asking, but over, in most scenarios and basically indicates your negotiation power. The average price per square foot is up 15.9% at $387. Another number that is up from this time last year AND last month. This is all good news for sellers as it further proves now is a great time to list. Of course working with a Tam O’ Shanter realtor can give you a more hands on experience as well as a detailed market analysis. New listings are also up 4.6%, which is good news for buyers as the local Tam O’ Shanter real estate needs the new inventory with all the buyer demand. Unfortunately, homes for sale in Tam O’ Shanter are down 2.6%, but thankfully that is a minimal decrease. Pending sales are up 11.4% and closed sales are up 5.2%. Median days on market is 7 while the average is 18. This means that homes are pending within less than a month, which continues to enforce the fact that Tam O’ Shanter real estate is indeed a competitive market, which is why working with a Tam O’ Shanter realtor is more important than ever. They can help you navigate this process as you search for a home for sale in Tam O’ Shanter. Especially since the month supply is currently at 1.1. A balanced market is when there is a 6 month supply.

As previously mentioned, aligning yourself with a Tam O’ Shanter realtor is a great way to achieve this with minimal stress or head ache. For more information on real estate in Tam O’ Shanter, give me a call. I would be happy to help!


Posted on October 19, 2017 at 11:48 pm
Rayme Teders | Posted in Uncategorized |

Bellevue, WA Real Estate Monthly Market Report

If you have been thinking of buying or selling real estate in Bellevue, WA, knowing what is happening in the local market is crucial. As a seller, you get an idea of how long, on average, your home could sit on the market, what a good list price is as well as the square footage costs. As a buyer, you can feel confident that you made a competitive offer as well as have a good idea of what you could spend on real estate in Bellevue, WA. In a market that has low inventory like this neighborhood, the more you know, the better chance you have at not only finding that dream home, but also having your offer accepted. As previously mentioned, aligning yourself with a Bellevue, WA realtor is a great way to achieve this with minimal stress or head ache. So how is the local market doing? Let’s take a look at the numbers!

The average sold price for Bellevue, WA homes for sale is up 20.1% at $761, 678 while the median sold price is up 16.7% at $700,000. The average price per square foot is up 16.9% at $374 while the average percentage of list price is 105.8%. As a seller, this is all good news. It basically means that the value of your real estate in Bellevue, WA is likely up. Of course working with a Bellevue, WA realtor who can give you a tailored market report based on your Bellevue, WA real estate can confirm this. The percentage of list price is also a good indicator of your negotiation power. As a buyer, it gives the heads up that not only is the average Bellevue, WA real estate getting full price, they are getting over asking. New listings are down 0.6%, homes for sale are down 26.1%, pending sales are up 1.5% and closed sales are up 0.8%. The average days on market is 17 while the median is 7. This means homes for sale in Bellevue, WA are not only getting offers, but they are getting offers quickly. Which is no surprise given that the month supply for Bellevue, Wa real estate is less than 1 at .80! Now more than ever, it is important to work with a qualified Bellevue, WA realtor. Whether you are buying a home for sale in Bellevue, WA or listing one, having a local expert help navigate you through the process will help you achieve success. For more information, give me a call. I would be happy to help!


Posted on September 27, 2017 at 8:17 pm
Rayme Teders | Posted in Uncategorized |

Tam O’ Shanter Real Estate Monthly Update

It may be fall, but that doesn’t mean the local Tam O’ Shanter real estate market is cooling down with the temperatures! In fact, homes for sale in Tam O’ Shanter are still considered a hot market. The average sold price is up 20.3% at $847,590 while the median is up 13.8% at $740,000. The average percentage of list price is 105%. This basically indicates the negotiation power. The average price per square foot is up 13.2% at $378. This is all good news for sellers as it means their home’s value is likely up. Of course working with a Tam O’ Shanter realtor can give you a more hands on experience as well as detailed market analysis. New listings are also up 9.2%, which is good news as the local Tam O’ Shanter real estate needs the new inventory with all the buyer demand. Unfortunately, homes for sale are down 5.1%. Pending sales are up 10.4% and closed sales are up 6.5%. Median days on market is 7 while the average is 19. This means that homes are pending within less than a month, which continues to enforce the fact that Tam O’ Shanter real estate is indeed a competitive market, which is why working with a Tam O’ Shanter realtor is more important than ever. They can help you navigate this process as you search for a home for sale in Tam O’ Shanter. Especially since the month supply is currently at 1.1. A balanced market is when there is a 6 month supply.

Knowing what is happening with real estate in Tam O’ Shanter is crucial whether you are a seller or a buyer. As a seller, you get an idea of how long, on average, your home could sit on the market, what a good list price is as well as the square footage costs. As a buyer, you can feel confident that you made a competitive offer as well as have a good idea of what you could spend on real estate in Tam O’ Shanter. In a market that has low inventory like this neighborhood, the more you know, the better chance you have at not only finding that dream home, but also having your offer accepted. As previously mentioned, aligning yourself with a Tam O’ Shanter realtor is a great way to achieve this with minimal stress or head ache. For more information on real estate in Tam O’ Shanter, give me a call. I would be happy to help!


Posted on September 27, 2017 at 7:18 pm
Rayme Teders | Posted in Uncategorized |

Bellevue, WA Real Estate Update

The east side of Bellevue, WA real estate has been a hot spot for King County residents to relocate as well as people from out of the area. King County as a whole has been getting thousands of new residents daily for the past couple years thanks to our rapidly growing economy and new job opportunities. Of course with this influx of people, means an influx in demand for housing. Living on the East side gives you access to great schools, city amenities and all the outdoor recreation PNW locals love. Bellevue, WA real estate has never been more sought after making this market very competitive. The use of a Bellevue, WA realtor has never been more important. So how is our local housing market looking here on the East side of Bellevue? Check it out.

Both the average and median sold price for Bellevue, WA real estate is up! This is great for sellers as it means there home is likely worth more than it was compared to this time last year.  The average is up 20.1% at $761,808 while the median is up 16.7% at $700,000. The average price per square foot is up 16.9% at $374 and the average percentage of list price is at 105.9%. If you are a buyer, this percentage basically gives you some insight on your negotiation power. It also means, on average, homes for sale in Bellevue, WA are getting over asking. Now let’s talk about the inventory. New listings are down 0.7% while homes for sale in Bellevue, WA are down 26.1%. Pending sales are up 1.8% and closed sales are down 0.4%. Of course the month supply is currently only 0.80. In order for a market to be balanced, there needs to be a 6 month supply. Obviously, we are still very much in a seller’s market, making the use of a qualified Seattle, WA realtor absolutely crucial for success. Especially since days on market are at a 7 for the median and 17 for the average. Homes for sale in Bellevue, WA are moving FAST! If you are thinking of buying or selling in this area and are looking for an experience Bellevue, WA realtor, give me a call. I would be happy to help!


Posted on September 1, 2017 at 3:22 pm
Rayme Teders | Posted in Uncategorized |

Tam O’ Shanter Real Estate Update

If you have been thinking of listing or buying Tam O’ Shanter real estate, knowing what is happening in our local market makes all the difference. As a buyer, you can use this info as a guide for an offer price while a seller can rest assured they aren’t listing too low or too high, both of which can have consequences. Of course, using a qualified Tam O’ Shanter realtor in both scenarios is crucial for a good experience. They not only have good working relationships with other Tam O’ Shanter realtors, but they can help you navigate any bumps that may occur. So how is our local neighborhood doing? Check it out!

Both the median and average sold price for Tam O’ Shanter real estate is up! Which makes this a great time for sellers to list. The average is up 20% at $848,867 and the median is up 13.8% at $740,000. The average price per square foot is also up 13.2% at $378. The average percentage of list price (buyers, this gives you some insight on your negotiation power) is up 2% at 105.5%. Which means, on average, Tam O’ Shanter real estate is getting over asking. There is good news for buyers as new listings are up 9.2%. Unfortunately the amount of total homes for sale is actually down 5.2%. Pending homes are up 10.7% and closed sales are up 5.7%. The median days on the market is 7 and the average days on the market is 19 which means homes are selling quickly. This is no surprise as the current month supply is at a 1. In order for a market to be balanced, there needs to be a 6 month supply. If you are looking for a Tam O’ Shanter realtor, let me know. I would be happy to assist you in the process of listing or buying a home for sale in Tam O’ Shanter.


Posted on September 1, 2017 at 3:04 pm
Rayme Teders | Posted in Uncategorized |

Tam O’ Shanter Real Estate Update

Summer is half way over but the Tam O’ Shanter real estate market isn’t showing signs of cooling down just yet. Whether you are buying or selling (or thinking about it), knowing the current market conditions helps you navigate the transaction successfully. As a seller, it ensures you don’t leave money on the table by pricing too low. As a buyer, it helps guide you so that you don’t overbid or underbid and offend the seller. Of course, making sure you are working with a qualified Tam O’ Shanter realtor prevents these scenarios from happening, but regardless, it is important to know what is happening locally. So how is Tam O’ Shanter real estate doing? Let’s take a look!

When looking at the stats from the NWMLS, both of the sold prices have gone up, which is great news for sellers as this means they can get more for their home. The median sold price is up 13.1% at $707,000 while the average sold price is up 23.9% at $836,306. Also up are new listings with a 6.5% increase which is great news for buyers. Pending sales are up 15.5% and closed sales are up 4.5%. The average percentage of list price (which, in short, determines your negotiation power) is at 104.9%, which means that most homes are getting over asking. Also, great news for sellers! They don’t call it a sellers market for nothing, right? Speaking of, the month supply is currently at 1.1. In order for a market to be considered balanced, there needs to be a 6 month supply. Obviously, seller’s still have control of the market and we need more inventory in order to be a bit more balanced for buyers looking to purchase Tam O’ Shanter real estate.

If you are a buyer, working with a Tam O’ Shanter realtor allows you to have first dibs on homes that are about to hit the market, or homes that are for sale but not listed. In a market that is competitive like King County, it is so important to make sure you have a qualified local advocate working on your behalf. As the top Tam O’ Shanter real estate agent since 2015, I would be happy to help you navigate the real estate process, as a buyer or a seller. Have questions? Give me a call!


Posted on July 26, 2017 at 8:20 pm
Rayme Teders | Posted in Uncategorized |

Tam O’ Shanter Real Estate Update

If you have been thinking of buying or selling real estate in Tam O’ Shanter, knowing the current market conditions is crucial to a successful sale, regardless of whether you are buying or selling. As a seller, knowing what is happening ensures you don’t overprice your Tam O’ Shanter real estate and it sits and grows stale. If you are buying, you can rest assured that you aren’t overpaying for real estate in Tam O’ Shanter. With the inventory at an all time low, buyer demand at an all time high, prices continue to go up and this month is no different. Take a look!

Both the average and median home sales price increased compared to last month and last year! The average went up 20% and is now sitting at $813,675 while the median is up 12.6% at $690,000 for Tam O’ Shanter real estate. Closed sales went up 7.9% while pending sales went up 15.6%. The month supply is still incredibly low at 1.1. In order for a market to be balanced, we need a 6 month supply. A 1.1 month supply for real estate in Tam O’ Shanter obviously makes it very clear that our current inventory is very limited. As a seller, this basically means that your chances of listing and getting multiple offers very quickly are incredibly high. As a buyer, this essentially means that if you want to lock in an offer on real estate for sale in Tam O’ Shanter, your best bet is to work with a qualified local realtor.

For more information on real estate for sale in Tam O’ Shanter, give me a call!


Posted on June 30, 2017 at 9:31 pm
Rayme Teders | Posted in Uncategorized |

Bellevue, WA East Real Estate Update

Good news for sellers in Bellevue, WA! The monthly year to year market statistics are in from the Northwest Multiple Listing Service and for the most part, are very positive. As a Bellevue real estate specialist, there are certain categories I follow closely that allow me to keep my finger on the pulse of the market.

If you are thinking of selling your Bellevue, WA real estate, now is a fabulous time. Both the median AND average home price were up compared to this time last year. The median is at $660,000 (up 16.8% compared to last year) and the average was up 17.1% compared to last year at $718,760. This means that if you have been thinking of selling your real estate in Bellevue, WA, the value has gone up compared to both this time last year AND just last month. Percentage of list price is also up 2.8% at 102.8% which means homes are going for over the asking price. In my experience with selling real estate in Bellevue, WA, they are usually receiving offers within days of being on the market and have an accepted offer in less than a week and a half. In fact, the stats prove that the median amount of “Days on the market” (the time a home for sale in Bellevue, WA goes from active to pending) is 7 days.

Pending sales were also up 0.6% and closed sales were actually down 3.6% which is due to the low inventory. Buyers are having a hard time getting into a home for sale in Bellevue, WA due to the low inventory of homes available. Both the median and average price per square foot is up. The median is up 13.3% at$341 and the average is up 14.2% at $354.

Now let’s discuss the stat that has decreased. The month supply is at a low 0.90!! Anything below 4 is considered a sellers market. This is good news for sellers as it means they have control of the market. Buyers looking to get into our desirable neighborhood on the other hand have their work cut out for them. As a Bellevue, WA real estate specialist, my biggest suggestion for buyers looking to tap into the market is working with a qualified Bellevue, WA Realtor. If you are looking to buy or sell Bellevue, WA real estate, give me a call. I would be happy to assist!


Posted on June 1, 2017 at 2:12 pm
Rayme Teders | Posted in Uncategorized |

Tam O’ Shanter Real Estate Update

Good news for sellers in Tam O’ Shanter! The monthly year to year market statistics are in from the Northwest Multiple Listing Service and for the most part, are very positive. As a Tam O’ Shanter real estate specialist, there are certain categories I follow closely that allow me to keep my finger on the pulse of the market.

If you are thinking of selling your Tam O’ Shanter real estate, now is a fabulous time. Both the median AND average home price were up compared to this time last year. The median is at $690,000 (up 12.6% compared to last year and $5,000 just from last month!) and the average was up 20.4% compared to last year at $676,369. This means that if you have been thinking of selling your real estate in Tam O’ Shanter, the value has gone up compared to both this time last year AND just last month. Percentage of list price is also up 2.8% at 102.8% which means homes are going for over the asking price. In my experience with selling real estate in Tam O’ Shanter, they are usually receiving offers within days of being on the market and have an accepted offer in less than a week and a half. In fact, the stats prove that the median amount of “Days on the market” (the time a home for sale in Tam O’ Shanter goes from active to pending) is 7 days.

Pending sales were also up 14.2% and closed sales were up 6.3%. Both the median and average price per square foot is up at around 10% and both numbers are around $350.

Now let’s discuss the stat that has decreased. The month supply is at a low 1.1. Anything below 4 is considered a sellers market. This is good news for sellers as it means they have control of the market. Buyers looking to get into our desirable neighborhood on the other hand have their work cut out for them. As a Tam O’ Shanter specialist, my biggest suggestion for buyers looking to tap into the market is working with a qualified Tam O’ Shanter Realtor. I personally have connected more off market buyers and sellers in the last two years than any other Tam O’ Shanter realtor. If you are looking to buy or sell Tam O’ Shanter real estate, give me a call. I would be happy to assist!


Posted on June 1, 2017 at 2:04 pm
Rayme Teders | Posted in Uncategorized |

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