Local Market Update January 2015

Windermere Eastside

The local real estate market was caught up in a holiday buying spree in December, with demand, home prices and sales all on the rise. Inventory is the one factor that needs a boost.

β€’ It was the busiest December for sales since 2005.
β€’ Prices continued to climb over last year, with a number of areas reaching all-time highs.
β€’ Supply of inventory was at its lowest point in more than a decade.

Eastside

MarketUpdates_Eastside_600pxClick on image to view full size report.

Inventory on the Eastside continues to tighten, with a little over one month supply in the pipeline. Strong demand and weak supply helped boost the median home price 16.2 percent over the same time last year to $639,350. Several Eastside regions hit all-time highs, including Mercer Island, Redmond, Kirkland and the area of Bellevue west of I-5. The increase in rent prices on the Eastside is outpacing…

View original post 223 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: