Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind:

1.    These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@staging.eastsidehomes.com

2.    These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.

3.    When measuring the heat of the market, the following rules apply:

a.    12 weeks or less = Seller’s Market

b.    12-24 weeks = Balanced Market

c.    24 or more weeks = Buyer’s Market

Condo Only, NWMLS Area 140 (West Seattle) = 45.3 weeks of inventory

Condo Only, NWMLS Area 380 (Central Seattle) = 66.5 weeks of inventory

Condo Only, NWMLS Area 385 (SODO/Beacon Hill) = 78 weeks of inventory

Condo Only, NWMLS Area 390 (Central Seattle) = 29.9 weeks of inventory

Condo Only, NWMLS Area 700 (Queen Anne/Magnolia) = 39.3 weeks of inventory

Condo Only, NWMLS Area 701 (Belltown, Downtown) = 51.5 weeks of inventory

Condo Only, NWMLS Area 705 (Ballard/Greenlake) = 36.1 weeks of inventory

Condo Only, NWMLS Area 710 (North Seattle) = 24.4 weeks of inventory

Condo Only, NWMLS Area 715 (Richmond Beach) = 28.2 weeks of inventory

Condo Only, NWMLS Area 720 (Lake Forest Park) = 30.5 weeks of inventory

If you have any questions on this information, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Residential market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep in this in mind:

1.    These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@staging.eastsidehomes.com

2.    These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.

3.    When measuring the heat of the market, the following rules apply:

a.    12 weeks or less = Seller’s Market

b.    12-24 weeks = Balanced Market

c.    24 or more weeks = Buyer’s Market

Residential Only, NWMLS Area 140 (West Seattle) = 25.8 weeks of inventory

Residential Only, NWMLS Area 380 (Central Seattle) = 33.2 weeks of inventory

Residential Only, NWMLS Area 385 (SODO/Beacon Hill) = 26.7 weeks of inventory

Residential Only, NWMLS Area 390 (Central Seattle) = 33.5 weeks of inventory

Residential Only, NWMLS Area 700 (Queen Anne/Magnolia) = 34.9 weeks of inventory

Residential Only, NWMLS Area 705 (Ballard/Greenlake) = 19.9 weeks of inventory

Residential Only, NWMLS Area 710 (North Seattle) = 20.9 weeks of inventory

Residential Only, NWMLS Area 715 (Richmond Beach) = 36.8 weeks of inventory  

Residential Only, NWMLS Area 720 (Lake Forest Park) = 25.7 weeks of inventory

If you have any questions on this information or would like to know the strength in your area and price range, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind:

1.       These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@staging.eastsidehomes.com

2.       These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.

3.       When measuring the heat of the market, the following rules apply:

a.       12 weeks or less = Seller’s Market

b.      12-24 weeks = Balanced Market

c.       24 or more weeks = Buyer’s Market

Area 710 remains the bright spot on this chart with lots of movement in the under 300k range.  Area 140 is off across the board and has  110 weeks of inventory in the 300-399k range. Should be some opportunities there!

Condo Only, NWMLS Area 140 (West Seattle) = 43.1 weeks of inventory (was 28.2 four weeks ago)

Condo Only, NWMLS Area 380 (Central Seattle) = 25.4 weeks of inventory (was 23.2 four weeks ago)

Condo Only, NWMLS Area 385 (SODO/Beacon Hill) = 22 weeks of inventory (was 29.5 four weeks ago)

Condo Only, NWMLS Area 390 (Central Seattle) = 29.8 weeks of inventory (was 33.5 four weeks ago)

Condo Only, NWMLS Area 700 (Queen Anne/Magnolia) = 39.4 weeks of inventory (was 30.3 four weeks ago)

Condo Only, NWMLS Area 701 (Belltown, Downtown) = 36.6 weeks of inventory (was 31.2 four weeks ago)

Condo Only, NWMLS Area 705 (Ballard/Greenlake) = 28.6 weeks of inventory (was 32.4 four weeks ago)

Condo Only, NWMLS Area 710 (North Seattle) = 16.4 weeks of inventory (was 17.9 four weeks ago)

Condo Only, NWMLS Area 715 (Richmond Beach) = 30.1 weeks of inventory (was 25.8 four weeks ago)

Condo Only, NWMLS Area 720 (Lake Forest Park) = 40.4 weeks of inventory (was 34.8 four weeks ago)

If you have any questions on this information, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

My usual statistics are unavailable this week, so we are going to look at something different. As in the past… I will use the great information from Trendgraphix. We are going to chart the Seattle Metro Residential market since February 2007. Here is the trend for homes over the last year.

This first chart shows how the inventory has climbed steadily since last year and sales have fallen. We had as much as 35% of the inventory selling in March of 2007. April 2008 only has 16% of the inventory going pending.

This next chart shows the average list price per month and the average sales price. The average is clearly trending down, which is the result of the supply vs. demand imbalance. Also, the difference in these numbers of nearly 150k would indicate that the lower end of the market is where the majority of sales are. 

This last chart shows months of supply based upon the pending sales. We have gone from a hot sellers market to one that is more balanced and trending towards a buyer favored market.

If you have any questions on this information, I welcome you to comment or email me at: tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

This week we will be looking at the Residential market absorption rates for the Seattle Area over the last 7 weeks. It appears that Seattle is back on the mend with many of the numbers returning to a balanced market. In fact, some areas and price ranges are clearly favoring the seller!

When looking at these numbers, keep this in mind:

1.       These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@staging.eastsidehomes.com

2.       These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.

3.       When measuring the heat of the market, the following rules apply:

a.       12 weeks or less = Seller’s Market

b.      12-24 weeks = Balanced Market

c.       24 or more weeks = Buyer’s Market

Another mixed week. Most areas showed declines with 380 coming up some. The bright spots still remain areas 705 & 710.

Residential Only, NWMLS Area 140 (West Seattle) = 21.4 weeks of inventory (was 19.4 four weeks ago)

Residential Only, NWMLS Area 380 (Central Seattle) = 25.2 weeks of inventory (was 30.8 four weeks ago)

Residential Only, NWMLS Area 385 (SODO/Beacon Hill) = 29.2 weeks of inventory (was 19.8 four weeks ago)

Residential Only, NWMLS Area 390 (Central Seattle) = 27.8 weeks of inventory (was 23.5 four weeks ago)

Residential Only, NWMLS Area 700 (Queen Anne/Magnolia) = 23.2 weeks of inventory (was 21.8 four weeks ago)

Residential Only, NWMLS Area 705 (Ballard/Greenlake) = 15.7 weeks of inventory (was 16.3 four weeks ago)

Residential Only, NWMLS Area 710 (North Seattle) = 14.7 weeks of inventory (was 14.7 four weeks ago)

Residential Only, NWMLS Area 715 (Richmond Beach) = 32.2 weeks of inventory (was 24.2 four weeks ago)

Residential Only, NWMLS Area 720 (Lake Forest Park) = 22.1 weeks of inventory (was 17.9 four weeks ago)

If you have any questions on this information or would like to know the strength in your area and price range, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind:

1.       These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@staging.eastsidehomes.com

2.       These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.

3.       When measuring the heat of the market, the following rules apply:

a.       12 weeks or less = Seller’s Market

b.      12-24 weeks = Balanced Market

c.       24 or more weeks = Buyer’s Market

When compared to 4 weeks ago… it is kind of a mixed bag, with no general direction being shown at this time. Just as the Seattle Residential numbers were last week. Again, these stats are price range dependant with the lower priced condos moving faster than the upper end in general.

Condo Only, NWMLS Area 140 (West Seattle) = 33.8 weeks of inventory (was 34 four weeks ago)

Condo Only, NWMLS Area 380 (Central Seattle) = 24.4 weeks of inventory (was 28.8 four weeks ago)

Condo Only, NWMLS Area 385 (SODO/Beacon Hill) = NO SALES in last 7 weeks (was 23 four weeks ago)

Condo Only, NWMLS Area 390 (Central Seattle) = 36.5 weeks of inventory (was 28.8 four weeks ago)

Condo Only, NWMLS Area 700 (Queen Anne/Magnolia) = 28 weeks of inventory (was 31 four weeks ago)

Condo Only, NWMLS Area 701 (Belltown, Downtown) = 28.5 weeks of inventory (was 35.5 four weeks ago)

Condo Only, NWMLS Area 705 (Ballard/Greenlake) = 27 weeks of inventory (was 26 four weeks ago)

Condo Only, NWMLS Area 710 (North Seattle) = 21.4 weeks of inventory (was 20.9 four weeks ago)

Condo Only, NWMLS Area 715 (Richmond Beach) = 31.9 weeks of inventory (was 26.9 four weeks ago)

Condo Only, NWMLS Area 720 (Lake Forest Park) = 25.2 weeks of inventory (was 46.3 four weeks ago)

If you have any questions on this information, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

This week we will be looking at the Residential market absorption rates for the Seattle Area over the last 7 weeks. It appears that Seattle is back on the mend with many of the numbers returning to a balanced market. In fact, some areas and price ranges are clearly favoring the seller!

When looking at these numbers, keep this in mind:

1.       These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@staging.eastsidehomes.com

2.       These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.

3.       When measuring the heat of the market, the following rules apply:

a.       12 weeks or less = Seller’s Market

b.      12-24 weeks = Balanced Market

c.       24 or more weeks = Buyer’s Market

When compared to 4 weeks ago, it is kind of a mixed bag with some of the hotter areas slowing down a bit, and the cooler areas warming up.  One thing is certain the lower end (under 5-600k) is stronger than the upper end of the market in all areas.

Residential Only, NWMLS Area 140 (West Seattle) = 19.4 weeks of inventory (was 19.4 four weeks ago)

Residential Only, NWMLS Area 380 (Central Seattle) = 30.8 weeks of inventory (was 35 four weeks ago)

Residential Only, NWMLS Area 385 (SODO/Beacon Hill) = 19.8 weeks of inventory (was 22 four weeks ago)

Residential Only, NWMLS Area 390 (Central Seattle) = 23.5 weeks of inventory (was 26 four weeks ago)

Residential Only, NWMLS Area 700 (Queen Anne/Magnolia) = 21.8 weeks of inventory (was 17 four weeks ago)

Residential Only, NWMLS Area 705 (Ballard/Greenlake) = 16.3 weeks of inventory (was 14.8 four weeks ago)

Residential Only, NWMLS Area 710 (North Seattle) = 14.7 weeks of inventory (was 13.4 four weeks ago)

Residential Only, NWMLS Area 715 (Richmond Beach) = 24.2 weeks of inventory (was 20.8 four weeks ago)

Residential Only, NWMLS Area 720 (Lake Forest Park) = 17.9 weeks of inventory (was 24.1 four weeks ago)

If you have any questions on this information or would like to know the strength in your area and price range, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com

This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind:

1.       These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@staging.eastsidehomes.com

2.       These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.

3.       When measuring the heat of the market, the following rules apply:

a.       12 weeks or less = Seller’s Market

b.      12-24 weeks = Balanced Market

c.       24 or more weeks = Buyer’s Market

Condo Only, NWMLS Area 140 (West Seattle) = 34 weeks of inventory

Condo Only, NWMLS Area 380 (Central Seattle) = 28.8 weeks of inventory

Condo Only, NWMLS Area 385 (SODO/Beacon Hill) = 23 weeks of inventory

Condo Only, NWMLS Area 390 (Central Seattle) = 28.8 weeks of inventory

Condo Only, NWMLS Area 700 (Queen Anne/Magnolia) = 31 weeks of inventory

Condo Only, NWMLS Area 701 (Belltown, Downtown) = 35.5 weeks of inventory

Condo Only, NWMLS Area 705 (Ballard/Greenlake) = 26 weeks of inventory

Condo Only, NWMLS Area 710 (North Seattle) = 20.9 weeks of inventory

Condo Only, NWMLS Area 715 (Richmond Beach) = 26.9 weeks of inventory

Condo Only, NWMLS Area 720 (Lake Forest Park) = 46.3 weeks of inventory

If you have any questions on this information, I welcome you to email me at tony@staging.eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@staging.eastsidehomes.com