Bellevue, WA Real Estate Update

If you have been thinking about buying or selling homes for sale in Bellevue, WA, knowing what is happening in the local market is crucial for success. Currently, we have the most inventory in our market that we have had in a long time, so it is a great time for buyers. Prices have still been going up, so this makes it a great time for sellers as well as they can still take advantage of the demand and get the most at resale. Knowing the current market conditions can benefit sellers by giving them an idea of how long their home will take to sell by looking at the days on market. This tells you the average that homes for sale in Bellevue, WA are sitting on the market which gives you a good idea of how to prepare your property. Market reports also tell you what is an appropriate list price, which is probably the most important thing to find out as a seller. As a buyer, you can feel confident that you made a competitive offer based on this information. In a market that has low inventory like Bellevue, WA real estate, the more you know, the better chance you have at not only finding homes for sale in Bellevue, WA, 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 homes for sale in Bellevue, WA is up 15% at $1,085,645 while the median sold price is up 16.2% at $880,000. These prices are up from this time last year and just last month. The average price per square foot is up 15.8% compared to this time last year at $477, also up from last month. The average percentage of list price is 104.6%. This is used to determine your negotiation power and currently suggests to us that on average, Bellevue, WA homes for sale are not only getting asking, but over. Interestingly, while this number is up compared to this time last year, it is down a little bit by last month. Currently, the median days on market is 7 while the average is 19. The month supply is at a 1.2. To put this in perspective, the Bellevue, WA real estate market needs a 6 month supply in order to be considered balanced and anything less than 4 is considered a seller’s market. Needless to say, we are still in a seller’s market.

The good news is that new listings are up 7.1% while the amount of Bellevue, WA homes for sale is down 12.8%. Pending sales are up minimally at 3% and closed sales are up 2.6%. More than ever, it is pertinent that you work with an experienced Bellevue, WA realtor when listing or buying Bellevue, WA homes for sale. If you are specifically interested in West Bellevue, or East Bellevue, those areas have a different set of stats. So if you are looking in certain areas, your realtor in Bellevue, WA will be able to give you a custom market report. For more information, give me a call. I would be happy to help!

Posted on June 8, 2018 at 2:34 am
Rayme Teders | Category: Uncategorized

Tam O’ Shanter Real Estate Report

If you are listing or purchasing homes for sale in Tam O’ Shanter, you have come to the right spot.  Making sure you have up to date market information is one of the best ways to have a successful experience as both a buyer & a seller. The most accurate source of this info is a Tam O’ Shanter realtor. As a local Tam O’ Shanter realtor, and resident of 33 years, I take great pride in helping my buyers get into the Tam O’ Shanter real estate they want to buy while I help my seller’s achieve reduced market times and competitive offers. These monthly updates include details like the median and average sold prices for homes for sale in Tam O’ Shanter, how many days homes for sale in Tam O’ Shanter are sitting on the market, the current price per square foot and so much more. As a buyer, when you use this information, you can feel confident that you made a competitive offer as well as have a good idea of what you could spend on homes for sale in Tam O’ Shanter. In a market that has low inventory like my neighborhood, the more you know, the better chance you have at not only finding that dream property, but also having your offer accepted. As a seller, you can use this information to gauge how long on average your real estate in Tam O’ Shanter could sit on the market, what a good list price is based on comparable solds as well as the current price per square foot. So how are things doing in my neighborhood? Let’s take a look!

The good news for sellers is that the average sold price is up 12.1% at $911,736. This is up from last month as well as this time last year. The median is up 23.2% at $849,900. The price per square foot is up 20.5% at $435, also up from last month and this time last year. If you want to figure out your negotiation power when it comes to offer prices on Tam O’ Shanter homes for sale, take a look at the percentage of list price. Currently, it is at 104.8% which means real estate in Tam O’ Shanter is getting over ask in most scenarios.

We do have some good news for buyers this month as well. New real estate in Tam O’ Shanter is up 8.9% while Tam O’ Shanter homes for sale are up 16.7%. Pending sales are up 9.8% while closed sales are up 17.4%. The average days on the Tam O’ Shanter real estate market are 19 while the median is 7. The month supply for this neighborhood is incredibly low at 1.1, but this is unchanged from the last couple months as well as this time last year.

As a seller, you can use this to understand that Tam O’ Shanter homes for sale are moving at an incredibly quick rate and that it has high demand with very low inventory, making it an ideal time to sell. You still want to make sure your property is represented and shows well, so choosing a qualified Tam O’ Shanter realtor who is familiar with this market is necessary. If you are a buyer, it is important to know that time is of the essence. Get pre-approved and work with an area expert who can get you in the door fast. Also be prepared to make competitive offers if you are serious about purchasing. You also should understand that what is happening in this neighborhood is slightly different than other local areas. Every neighborhood and city has their own set of stats. If you are interested in another nearby neighborhood or Bellevue real estate in general, feel free to give me a call!

Posted on June 1, 2018 at 11:25 pm
Rayme Teders | Category: Uncategorized

Bellevue, WA Real Estate Update

If you have been thinking about buying or selling homes for sale in Bellevue, WA, knowing what is happening in the local market is incredibly important. As a seller, you get an idea of how long, on average, your home could sit on the market as well as what a good list price is, the square footage costs, etc. As a buyer, you can feel confident that you made a competitive offer based on this information. In a market that has low inventory like Bellevue, WA real estate, the more you know, the better chance you have at not only finding homes for sale in Bellevue, WA, 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 homes for sale in Bellevue, WA is up 15.9% at $1,077,735 while the median sold price is up 16.7% at $875,000. These prices reflect Bellevue, WA as a whole and also happen to be up from last month as well. The average price per square foot is up 16.5% compared to this time last year at $472, also up from last month. These numbers tell us that sellers can expect to get more for their Bellevue, WA homes for sale while buyers should act fast. The more prices continue to go up, the more your buying power is impacted. In fact, the average percentage of list price is 104.9%. This is used to determine your negotiation power and currently suggests to us that on average, Bellevue, WA homes for sale are not only getting asking, but over. In fact, bidding wars and shortened market times are incredibly common in today’s local market. Currently, the median days on market is 7 while the average is 20. The Bellevue, WA real estate market needs a 6 month supply in order to be considered balanced and anything less than 4 is considered a seller’s market.

The good news is that new listings are up 3.3% (hey, we will take it!) while the amount of Bellevue, WA homes for sale is down 16.7%. Pending sales are up minimally at 2.3% and closed sales are down 0.4%. More than ever, it is pertinent that you work with an experienced Bellevue, WA realtor when listing or buying Bellevue, WA homes for sale.

If you are specifically interested in West Bellevue, or East Bellevue, those areas have a different set of stats. So if you are looking in certain areas, your realtor in Bellevue, WA will be able to give you a custom market report. For more information, give me a call. I would be happy to help!

Posted on May 3, 2018 at 7:27 pm
Rayme Teders | Category: Uncategorized

Tam O’ Shanter Real Estate: Monthly Market Update

When it comes to listing or purchasing homes for sale in Tam O’ Shanter, making sure you have up to date market information is the best way to have a successful experience, regardless of whether you are a buyer or a seller. As a local Tam O’ Shanter realtor, I take great pride in helping my buyers get into the Tam O’ Shanter real estate they want to buy while I help my seller’s achieve reduced market times and competitive offers. I educate both parties using a blend of actual experience in this market as well as the market stats. These monthly updates include the median and average sold prices for homes for sale in Tam O’ Shanter, how many days homes for sale in Tam O’ Shanter are sitting on the market, the current price per square foot and so much more. As a seller, you can use these numbers to get an idea of how long, on average, your real estate in Tam O’ Shanter could sit on the market, what a good list price is as well as the current price per square foot. As a buyer, when you use this information, you can feel confident that you made a competitive offer as well as have a good idea of what you could spend on homes for sale in Tam O’ Shanter. In a market that has low inventory like my neighborhood, the more you know, the better chance you have at not only finding that dream property, but also having your offer accepted. So how are we doing in the neighborhood? Let’s take a look!

The good news for sellers is that the average sold price is up 11% at $896,369. This is up from last month as well as this time last year. The median is up 22.6% at $840,000 from last year, although this is unchanged from last month. The price per square foot is up 19.8% at $429, also up from last month and this time last year. If you want to figure out your negotiation power when it comes to offer prices on Tam O’ Shanter homes for sale, take a look at the percentage of list price. Currently, it is up 105% from last year but is the same as last month.

We do have some good news for buyers this month as well. Real estate in Tam O’ Shanter is up 6.5% while Tam O’ Shanter homes for sale are up 17.1%. Pending sales are up 13.2% while closed sales are up 8.8%. The average days on the Tam O’ Shanter real estate market are 19 while the median is 7. The month supply for this neighborhood is incredibly low at 1.1, but this is unchanged from last month as well as this time last year.

As a seller, you can use this to understand that Tam O’ Shanter homes for sale are moving at an incredibly quick rate and that it has high demand with very low inventory, making it an ideal time to sell. You still want to make sure your property is represented and shows well, so choosing a qualified Tam O’ Shanter realtor who is familiar with this market is necessary. If you are a buyer, it is important to know that time is of the essence. Get pre-approved and work with an area expert who can get you in the door fast. Also be prepared to make competitive offers if you are serious about purchasing. For more information, give me a call!

Posted on May 2, 2018 at 6:06 pm
Rayme Teders | Category: Uncategorized

Seattle, WA Real Estate Monthly Market Report

If you are in the market to purchase homes for sale in Seattle, WA or list Seattle, WA real estate, there are two ways you can experience success in this competitive market. The first thing you can do is work with a qualified Seattle, WA realtor. The second is by understanding the local Seattle, WA real estate stats which you can get from your Seattle, WA realtor. Stats like days on market, average and median sold prices and the month supply can help you prepare regardless of what side of the transaction you are on. So how is he Seattle, WA real estate market looking? Let’s check it out below.

The average and median sold price for homes for sale in Seattle, WA are up. The average sold price for Seattle, WA homes for sale is up 13.5% at $766,525 while the median price is up $16.2% at $680,000. The price per square foot is up 12.4% at $470. The percentage of list price is up 1.8% at 105.4%. This last number is a great way to evaluate your negotiation power when it comes to making an offer as well as accepting one. While these prices are high for the national average, they are lower than Bellevue, WA real estate and what is being reported in the new for Seattle, WA real estate. The reasoning is that this is for Seattle as a whole. There are several neighborhoods in the city that have an average sold price over $900,000 while there are several that are lower. If you are looking for homes for sale in Seattle, WA, it is important to work with your realtor in Seattle, WA so they can give you a custom analysis of your specific neighborhoods of interest as the numbers do vary.

As far as inventory goes, there is not a lot of relief for buyers. The amount of new listings is barely up at 1% while the amount of Seattle, WA homes for sale is down 9.4%. Pendings are down 0.4% and closed sales are down 5.1%. Days on market is at a record low with a median of 8 and an average of 17. The month supply is at a 1. A balanced market needs 6 and anything less than 4 is considered a seller’s market, which we are very much in. If you are looking for a Seattle, WA realtor, feel free to give me a call. I would be happy to help.

Posted on May 1, 2018 at 7:08 pm
Rayme Teders | Category: Uncategorized

Bellevue, WA Real Estate Update

If you have been thinking of buying or selling homes for sale in Bellevue, WA, knowing what is happening in the local market is incredibly important. As a seller, you get an idea of how long, on average, your home could sit on the market as well as what a good list price is, the square footage costs, etc. As a buyer, you can feel confident that you made a competitive offer based on this information. In a market that has low inventory like Bellevue, WA real estate, the more you know, the better chance you have at not only finding homes for sale in Bellevue, WA, 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 homes for sale in Bellevue, WA is up 16.1% at $1,067,942 while the median sold price is up 17.6% at $870,000. These prices reflect Bellevue, WA as a whole. If you are specifically interested in West Bellevue, or East Bellevue, those areas have a different set of stats. Also, it is worth mentioning that the home prices in Bellevue, WA far surpass Seattle. The average price per square foot is up 17.5% at $469, also up from last month. These numbers tell us that sellers can expect to get more for their Bellevue, WA homes for sale while buyers should act fast. The more prices continue to go up, the more your buying power is impacted. In fact, the average percentage of list price is 104.8%. This is used to indicate your negotiation power and currently suggests to us that on average, Bellevue, WA homes for sale are not only getting asking, but over. This is a result of the low inventory. The inventory for this part of Bellevue is currently down 20% at a 1 month supply. The Bellevue, WA real estate market needs a 6 month supply in order to be considered balanced and anything less than 4 is considered a seller’s market. New listings are up 1% (hey, we will take it!) while the amount of Bellevue, WA homes for sale is down 19.6%. Pending sales are up minimally at 2.3% and closed sales are down 2.1%. More than ever, it is pertinent that you work with an experienced Bellevue, WA realtor when listing or buying Bellevue, WA homes for sale.  For more information, give me a call. I would be happy to help!

Posted on April 1, 2018 at 4:01 pm
Rayme Teders | Category: Uncategorized

Tam O’ Shanter Real Estate Update

When it comes to buying or selling homes for sale in Tam O’ Shanter, making sure you are armed with accurate information is the best way to have a successful experience, regardless of what side of the transaction you are on. As a local Tam O’ Shanter realtor, I take great pride in utilizing the NWMLS’s stats. These monthly updates include the median and average sold prices for homes for sale in Tam O’ Shanter, how many days homes are sitting on the market, the current price per square foot and so much more. As a seller, you can use these numbers to 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 current price per square foot. As a buyer, when you use this information, you can feel confident that you made a competitive offer as well as have a good idea of what you could spend on homes for sale in Tam O’ Shanter. In a market that has low inventory like my neighborhood, the more you know, the better chance you have at not only finding that dream property, 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 13.2% at $894,260 while the median is up 23.5% at $840,000. The average price per square foot is up 20.3% at $426. The average percentage of list price is up now at 105%. This number is used to indicate your negotiation power and currently, Tam O’ Shanter homes are not only getting full price, but over on average. The good news for buyers is that new listings are up 11.9% while homes for sale are up 23.5%. Pending sales are up 9.1% and closed sales are up 3.4%. The month supply is still low, at 1.1. A balanced Tam O’ Shanter market needs a 6 month supply. The average days on market is 19 while the median is 7. As a seller, Tam O’ Shanter real estate is moving quickly so prepare accordingly. As a buyer, you don’t have time to think about it. If a home in this area comes available, act quickly. If you are looking to buy in this area, aligning yourself with a qualified Tam O’ Shanter realtor is a fabulous way of not only finding the home for you in this neighborhood, but also getting your offer accepted! For more information on real estate in Tam O’ Shanter, give me a call. I would be happy to help!

Posted on April 1, 2018 at 3:55 pm
Rayme Teders | Category: Uncategorized

Tam O’ Shanter Real Estate Monthly Update

When it comes to buying or selling homes for sale in Tam O’ Shanter, making sure you are armed with accurate information is the best way to have a successful experience, regardless of what side of the transaction you are on. As a local Tam O’ Shanter realtor, I take great pride in utilizing the NWMLS’s stats. These monthly updates include the median and average sold prices for homes for sale in Tam O’ Shanter, how many days homes are sitting on the market, the current price per square foot and so much more. As a seller, you can use these numbers to 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 current price per square foot. 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 homes for sale in Tam O’ Shanter. In a market that has low inventory like my neighborhood, the more you know, the better chance you have at not only finding that dream property, 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 24.8% at $893,827 while the median is up 17.4% at $775,000. Not only is this up from this time last year, but this is up from just last month! Additionally, it is important to note that this is a higher average sold price compared to the rest of East Bellevue. The average price per square foot is up 18.1% at $398. The average percentage of list price is up now at 105%. This number is used to indicate your negotiation power and currently, Tam O’ Shanter homes are likely going to receive full price if not over. The good news for buyers is that new listings are up 9.9% while homes for sale are up 2.7%. Pending sales are up 13.9% and closed sales are up 3.9%. The month supply is still low, at 1.1. A balanced Tam O’ Shanter market needs a 6 month supply. However, this is higher compared to East Bellevue. If you are looking to buy in this area, alighning yourself with a qualified Tam O’ Shanter realtor is a fabulous way of not only finding the home for you in this neighborhood, but also getting your offer accepted! For more information on real estate in Tam O’ Shanter, give me a call. I would be happy to help!

Posted on November 26, 2017 at 9:47 pm
Rayme Teders | Category: Uncategorized

Bellevue, WA Real Estate Monthly Report

If you have been thinking of buying or selling homes for sale in Bellevue, WA, knowing what is happening in the local market is incredibly important. As a seller, you get an idea of how long, on average, your home could sit on the market as well as what a good list price is, the square footage costs, etc. As a buyer, you can feel confident that you made a competitive offer based on this information. In a market that has low inventory like Bellevue, WA real estate, the more you know, the better chance you have at not only finding homes for sale in Bellevue, WA, 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 homes for sale in Bellevue, WA is up 22.6% at $790,817 while the median sold price is up 19.8% at $728,500. Both of these prices are up from last month as well. The average price per square foot is up 19.3% at $389, also up from last month. These numbers tell us that sellers can expect to get more for their Bellevue, WA homes for sale while buyers should act fast. The more prices continue to go up, the more your buying power is impacted. In fact, the average percentage of list price is 106.1%. This is used to indicate your negotiation power and currently suggests to us that on averages, Bellevue, WA homes for sale are not only getting asking, but over. Which is a result of the low inventory. The inventory for this part of Bellevue is currently down 27.3% at a 0.80 supply. The Bellevue, WA real estate market needs a 6 month supply in order to be considered balanced and anything less than 4 is considered a seller’s market. New listings are down 0.6% while the amount of Bellevue, WA homes for sale is down 23%. Pending sales are down minimally at 0.2% and closed sales are down 4.5%. More than ever, it is pertinent that you work with an experienced Bellevue, WA realtor when listing or buying Bellevue, WA homes for sale.  For more information, give me a call. I would be happy to help!

Posted on November 26, 2017 at 9:31 pm
Rayme Teders | Category: Uncategorized

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 | Category: Uncategorized

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