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Bank Owned Homes in Seattle WA Sales Report - 02/09/09

Bank Owned Homes in Seattle WA  Some of the best deals in Real Estate are REO or Bank Owned Real Estate.  Banks are in a hurry to sell a home and they intentionally price it 20% below the market.  A Bank Owned home is property that goes back to the mortgage company after an unsuccessful foreclosure auction. You see, most foreclosure auctions do not even result in bids. After all, if there was enough equity in the property to satisfy the loan, the owner would have probably sold the property and paid off the bank. That is why the property ends up at a foreclosure or trustee sale. Since what is owed to the bank is almost always more than what the property is worth, very few foreclosure auctions result in a successful sale. Then the property "reverts" to the bank. It becomes an REO, or "real estate owned" property.

I have broken down Seattle's sales from the Northwest Multiple Listing Service in 3 sections, Bank Owned, Shortsales(Pre-foreclosures), and "Arms Length" Transactions.  Some points of interest; the median home sales price is $266,500 $365,000 & $409,500 respectivly making Bank Owned Real Estate(REO) the best value/deal for home buyers.  While short sales may seem attractive they take longer to close.  Bank Owned Homes(REO's) are already approved and a buyer is negotiating directly with  the bank.

Seattle WA Bank Owned Market Statistics for January 2010

Active: 84

Pending: 62

Sold: 33

Other: 0

Total: 179

	Bedrooms	Bath	Sqft	List Price	Selling Price	DOM
Minimum	1	1.00	0	$89,900	$97,500	0
Average	3	2.03	1,791	$337,527	$280,014	51
Median	3	2.00	1,460	$279,000	$266,500	42
Maximum	10	5.00	4,740	$1,295,000	$750,000	189
Total Dollar Value					$9,240,450

Average DOM Breakdown and Average % of List Price received on Solds by Market time:

	0-30 Days	31-60 Days	61-90 Days	91-120 Days	120+ Days
No. of Listings	13	12	4	1	3
Breakdown %	39.39	36.36	12.12	3.03	9.09
Avg SP % LP	101.14	95.92	100.97	92.34	99.55

Seattle WA Shortsales(Preforeclosures) Market Statistics for January 2010

Active: 258

Pending: 228

Sold: 35

Other: 0

Total: 521

	Bedrooms	Bath	Sqft	List Price	Selling Price	DOM
Minimum	0	0.00	430	$104,000	$145,000	0
Average	3	2.00	1,950	$392,972	$432,216	77
Median	3	2.00	1,720	$319,000	$365,000	58
Maximum	9	6.50	9,405	$5,650,000	$1,185,000	499
Total Dollar Value					$15,127,568

Average DOM Breakdown and Average % of List Price received on Solds by Market time:

	0-30 Days	31-60 Days	61-90 Days	91-120 Days	120+ Days
No. of Listings	11	4	8	3	9
Breakdown %	31.43	11.43	22.86	8.57	25.71
Avg SP % LP	96.88	96.46	98.52	87.23	97.90

Seattle WA Non-Bank Owned/Shortsale Market Statistics

Active: 1711

Pending: 512

Sold: 255

Other: 0

Total: 2478

	Bedrooms	Bath	Sqft	List Price	Selling Price	DOM
Minimum	0	0.00	286	$99,999	$120,000	0
Average	3	2.23	2,195	$646,736	$495,622	83
Median	3	2.00	1,853	$439,000	$409,500	47
Maximum	13	8.50	11,022	$14,950,000	$1,925,000	997
Total Dollar Value					$126,383,677

Average DOM Breakdown and Average % of List Price received on Solds by Market time:

	0-30 Days	31-60 Days	61-90 Days	91-120 Days	120+ Days
No. of Listings	80	60	39	26	50
Breakdown %	31.37	23.53	15.29	10.20	19.61
Avg SP % LP	97.59	96.10	95.06	93.96	94.50

See more reports for Bank Owned homes.
Kirkland WA
Redmond WA
Sammamish WA
Issaquah WA
Bellevue WA

If you are  looking for a detailed list of REO(Bank owned real estate)properties, or short sales, simply sign up to receive King County WA Bank Owned homes & property updates.

Event: GREEN Sustainable Building Lecuture Feb 23rd, 2010

GREEN Sustainable Building Lecture

Learn about how local supporters of sustainable buildings can create developments driven by the triple bottom line—balance between economic growth, quality of life, and environmental sustainability.

When: 23 February 2010 at 7 PM

Where: Bellevue College. NWCET Building, Room N201. Visit https://bellevuecollege.edu/about/around/directions/

To download the flyer (which includes description of panelists and registration instructions), visit http://efficiencyworks.org/wp-content/uploads/2010/01/lecture5-flyer_final-copy.pdf

Home Sales Report for the Big 5 Seattle's Eastside Cities 02/08/2010

Home Sales report for East King County Cities of Bellevue, Redmond, Kirkland, Issaquah & Sammamish. The chart below breaks down Seattle Washington's Greater Eastside Real Estate homes sales by City, for the week ending 02/01/2010. Sales have been increasing since last year with the pending sales in King County, Washington  up 51.41% from 2008 for the month of December.   The good news is that the average sales price on the Eastside was only down 1.06% compared to all of King County (5.58%) from the same time last year.  Inventories are also down 18.30%(King County 17.05%) from December of 2008. We are starting to see a few more foreclosures hit the market, but things still seem to be picking up just a little.



Here is a breakdown of real estate homes sales in Seattle Eastside Communities of Bellevue, Kirkland, Redmond, Issaquah and Sammamish, Washington for the week broken down by neighborhood. Just click on the link to your neighborhood for the complete breakdown of the homes that are on The chart below breaks down Seattle Washington's Greater Eastside Real Estate homes sales by City, for the week ending 2/08/2010.
City                                   # of Active Listings

Homes for Sale in Bellevue, Washinton:	585
Homes for Sale in Kirkland, Washington:	432
Homes for Sale in Redmond,(Microsoft town) Washington:	404
Homes for Sale in Issaquah, Washington:	254
Homes for Sale in Sammamish, Washington:	250

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 206-818-8816 or Click here to send me an e-mail requesting further information.

Download The Big 5 Eastside Cities Market Statistics Now:

Home Sales Report for Bellevue WA 02/08/10

Home Sales Report for Bellevue WA. Median list price is $699,000 with 585 properties that have been on the market for an average of 247 days. With inventory trending up but days-on-market and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull. Supply & Demand - The market has settled in at a relative stasis in inventory and sales conditions. It's a buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.  In the Downtown Bellevue, and Wilberton Neighborhoods we have seen inventory tightening now for several weeks.

As of 2/08/10 here are the real estate home sales stats for the all Neighborhoods in the Bellevue, Washington areas. The home sales and listed homes here are from the last 7 days to give a better reflection of what is going on in all the Bellevue neighborhoods during any given week.

Active: 412

Pending: 194

Sold: 5

Other: 0

Total: 611

	Bedrooms	Bath	Sqft	List Price	Selling Price	DOM
Minimum	0	0.00	860	$220,500	$285,000	0
Average	4	2.80	2,986	$949,293	$1,067,300	99
Median	4	2.50	2,550	$650,000	$405,000	69
Maximum	10	8.00	9,430	$8,995,000	$3,020,000	735
Total Dollar Value					$5,336,500

Average DOM Breakdown and Average % of List Price received on Solds by Market time:

	0-30 Days	31-60 Days	61-90 Days	91-120 Days	120+ Days
No. of Listings	0	1	0	1	3
Breakdown %	0.00	20.00	0.00	20.00	60.00
Avg SP % LP	0.00	100.00	0.00	107.55	94.93

For a complete list of homes for sale in the Downtown Bellevue, Crossroads, & Wilberton Neighborhoods of the Bellevue Washington real estate market, please call or Click here, to request an update.

Other Bellevue Neighborhoods:

• Microsoft Campus
• Crossroads
• Lakemont
  

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 206-818-8816 or Click here to send me an e-mail requesting further information.

Download Bellevue Market Statistics Now:

 

Home Sales Report for Kirkland WA 02/08/10

Home Sales Report for Kirkland WA. Median list price is $599,00 with 432 homes that have been on the market for an average of 275 days. With inventory trending up but days-on-market and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull. Supply & Demand - The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes. In the Downtown Kirkand and Juanita Neighborhoods we have seen signs of slowing recently.

As of 2/08/10 here are the real estate home sales stats for the all neighborhoods in the Kirkland, Washington area. The home sales and listed homes here are from the last 7 days to give a better reflection of what is going on in all the Kirkland neighborhoods during any given week.

Active: 351

Pending: 157

Sold: 7

Other: 0

Total: 515

	Bedrooms	Bath	Sqft	List Price	Selling Price	DOM
Minimum	0	0.00	570	$100,000	$260,000	0
Average	4	2.60	2,657	$806,277	$559,500	94
Median	4	2.50	2,360	$589,990	$435,000	60
Maximum	6	5.75	7,280	$12,000,000	$980,000	891
Total Dollar Value					$3,916,500

Average DOM Breakdown and Average % of List Price received on Solds by Market time:

	0-30 Days	31-60 Days	61-90 Days	91-120 Days	120+ Days
No. of Listings	2	1	0	2	2
Breakdown %	28.57	14.29	0.00	28.57	28.57
Avg SP % LP	98.36	100.00	0.00	95.12	96.50

For a complete list of homes for sale in the Downtown Kirkland & Juanita Neighborhoods of the Kirkland Washington real estate market, please call or Click here, to request an update.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 206-818-8816 or Click here to send me an e-mail requesting further information.

Download Kirkland Market Statistics Now:

Home Sales Report for Redmond WA 02/08/10

Home Sales Report for Redmond WA:  Median list price is $595,000 with 404 properties that have been on the market for an average of 215 days. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.  Supply and Demand  The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.In the English Hill and Education Hill Neighborhoods we have seen relatively strong sales as home sales have been exceeding new inventory for several weeks.

 

As of 2/08/10 here are the real estate home sales stats for the Redmond WA 98052 and 98053 Neighborhoods in Redmond, Washington. The home sales listed here are from the last 7 days to give a better reflection of what is going on in the neighborhood during any given week.

Active: 362

Pending: 128

Sold: 6

Other: 0

Total: 496

	Bedrooms	Bath	Sqft	List Price	Selling Price	DOM
Minimum	1	1.00	710	$129,000	$321,000	0
Average	3	2.70	2,770	$685,639	$447,692	102
Median	4	2.50	2,493	$579,450	$376,500	64
Maximum	6	6.50	13,210	$4,925,000	$649,900	953
Total Dollar Value					$2,686,150

Average DOM Breakdown and Average % of List Price received on Solds by Market time:

	0-30 Days	31-60 Days	61-90 Days	91-120 Days	120+ Days
No. of Listings	3	0	3	0	0
Breakdown %	50.00	0.00	50.00	0.00	0.00
Avg SP % LP	99.78	0.00	99.85	0.00	0.00

For a complete list of homes for sale in the Downtown Redmond, Education Hill, English Hill Neighborhoods of the Redmond Washington real estate market, please call or Click here, to request an update.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 206-818-8816 or Click here to send me an e-mail requesting further information.

Download Redmond Home Sales Market Statistics Now:

Home Sales Report for Issaquah WA 02/08/10

Home Sales Report for Issaquah WA. Median list price is $532,475 with 264 properties that have been on the market for an average of 217 days. The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market..  Supply & Demand - The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly. In the Downtown Issaquah and Issaquah Highlands neighborhoods we have still seen relatively strong sales.

As of 2/08/10 here are the real estate home sales stats for the all neighborhoods in the Issaquah, Washington area. The home sales and listed homes here are from the last 7 days to give a better reflection of what is going on in all the Issaquah neighborhoods during any given week.

Active: 234

Pending: 94

Sold: 4

Other: 0

Total: 332

	Bedrooms	Bath	Sqft	List Price	Selling Price	DOM
Minimum	0	0.00	790	$219,500	$435,000	0
Average	4	2.83	2,858	$665,248	$557,499	100
Median	4	2.50	2,409	$541,495	$559,998	65
Maximum	6	6.00	8,000	$3,495,000	$675,000	829
Total Dollar Value					$2,229,995

Average DOM Breakdown and Average % of List Price received on Solds by Market time:

	0-30 Days	31-60 Days	61-90 Days	91-120 Days	120+ Days
No. of Listings	0	2	0	0	2
Breakdown %	0.00	50.00	0.00	0.00	50.00
Avg SP % LP	0.00	96.91	0.00	0.00	99.16

For a complete list of homes for sale in the Downtown Issaquah & Issaquah Highlands Neighborhoods of Issaquah Washington real estate market, please call or Click here, to request an update.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 206-818-8816 or Click here to send me an e-mail requesting further information. 

Downloand Complete Issaquah Home Sales Report Now:

Home Sales Report for Sammamish WA 02/08/10

Home Sales Report for Sammamish WA. Median list price is $620,975 with 250 properties that have been on the market for an average of 202 days. With inventory trending up but days-on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull. Supply & Demand - The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes Watch the Market Action Index for changes as it can be a leading indicator for price changes. Check out properties for sale in the following Sammamish Neighborhoods.

As of 02/08/10 here are the real estate home sales stats for the all Neighborhoods in the Sammamish, Washington area. The home sales and listed homes here are from the last 7 days to give a better reflection of what is going on in all the Sammamish neighborhoods during any given week.

Active: 206

Pending: 92

Sold: 2

Other: 0

Total: 300

	Bedrooms	Bath	Sqft	List Price	Selling Price	DOM
Minimum	0	0.00	672	$189,900	$586,000	0
Average	4	2.77	2,992	$724,415	$730,500	98
Median	4	2.50	2,924	$623,500	$730,500	59
Maximum	6	7.00	6,670	$2,950,000	$875,000	888
Total Dollar Value					$1,461,000

Average DOM Breakdown and Average % of List Price received on Solds by Market time:

	0-30 Days	31-60 Days	61-90 Days	91-120 Days	120+ Days
No. of Listings	0	0	1	0	1
Breakdown %	0.00	0.00	50.00	0.00	50.00
Avg SP % LP	0.00	0.00	97.67	0.00	97.23

For a complete list of homes for sale in the Sahalee & Pine Lake Neighborhoods of the Sammamish Washington real estate market, please call or Click here, to request an update.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 206-818-8816 or Click here to send me an e-mail requesting further information.

To get a weekly update on the Sammamish area you can sign up for your own custom report below:

Ten Tax Tips for the 2009 Tax Season

1.     Standard Mileage Rate
Below are the 2009 standard mileage rates for the use of a car:

Business: 55 cents per mile

Medical/moving: 24 cents per mile

Charitable service: 14 cents per mile

 

2.     Social Security Taxes

The maximum amount of wages subject to the social security tax for 2009 is $106,800.  There is no limit on the amount of wages subject to the Medicare tax.

 

3.     Exemption Amount Increased

The amount you can deduct for each exemption has increased to $3,650.

 

4.     New Standard Deduction Amounts

$11,400 for married couples filing a joint return.  $5,700 for singles and married individuals filing separately.  $8,350 for heads of household.

 

5.     Child Tax Credit

If you have a dependent child under age 17, you probably qualify for the child tax credit of up to $1,000. 

 

6.     First-Time Homebuyer Tax Credit… now expanded to include current homeowners!  A credit is available of up  to $8,000 for first-time homebuyers and up to $6,500 for current homeowners (who’ve lived in their principal residence for 5 of the past 8 years).  Current homeowners must purchase the principal residence between Nov. 6, 2009 and April 30, 2010 to qualify.  First-time homebuyers have from Jan. 1, 2009 to April 30, 2010.

 

7.     Education Credits

The American Opportunity Tax Credit (formerly the Hope Credit) helps parents and students pay for expenses related to higher education. Qualified expenses  include tuition, related fees, books and other required materials. The credit is equal to 100% of the first $2,000 spent and 25% of the next $2,000 per student each year (a max. of $2,500 per student).

 

8.     Residential Energy Property Credit

You can take credit based on what you spend on various energy-saving improvements made to your main home.  The new credit rate is 30% of the cost of all qualifying improvements with a maximum credit limit of $1,500 for improvements placed in service in 2009 and 2010.

 

9.     Taxpayer Assistance Centers

Bellevue               520 112th Ave. N.E.                425-456-9637

Everett                  3020 Rucker Ave.                    425-304-1656

Seattle                   915 Second Ave.                    206-220-6015

Tacoma                 1201 Pacific Ave.                     253-428-3518

 

10.   Tax Assistance Toll Free Lines

1-800-829-1040  Individual

1-800-829-4933  Business

 

Above information was compiled from the Your Federal Income Tax (2009) publication on December 14, 2009.  Please consult a tax accountant or visit the IRS websites listed below for more information and complete details on tax credits and deductions to your 2009 tax return.

        www.irs.gov

        http://www.irs.gov/pub/irs-pdf/p17.pdf

 

Home Sales Report for the Big 5 Seattle's Eastside Cities 02/01/2010

Home Sales report for East King County Cities of Bellevue, Redmond, Kirkland, Issaquah & Sammamish. The chart below breaks down Seattle Washington's Greater Eastside Real Estate homes sales by City, for the week ending 02/01/2010. Sales have been increasing since last year with the pending sales in King County, Washington  up 51.41% from 2008 for the month of December.   The good news is that the average sales price on the Eastside was only down 1.06% compared to all of King County (5.58%) from the same time last year.  Inventories are also down 18.30%(King County 17.05%) from December of 2008. We are starting to see a few more foreclosures hit the market, but things still seem to be picking up just a little.



Here is a breakdown of real estate homes sales in Seattle Eastside Communities of Bellevue, Kirkland, Redmond, Issaquah and Sammamish, Washington for the week broken down by neighborhood. Just click on the link to your neighborhood for the complete breakdown of the homes that are on The chart below breaks down Seattle Washington's Greater Eastside Real Estate homes sales by City, for the week ending 2/01/2010.
City                                   # of Active Listings

Homes for Sale in Bellevue, Washinton:	592
Homes for Sale in Kirkland, Washington:	432
Homes for Sale in Redmond,(Microsoft town) Washington:	394
Homes for Sale in Issaquah, Washington:	257
Homes for Sale in Sammamish, Washington:	250

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 206-818-8816 or Click here to send me an e-mail requesting further information.

Download the detailed Home Sales Report Now: