Eastside

Eastside QUARTERLY REPORTS Q3 2021 As we start the fourth quarter of 2021, homeowners are sitting on top of a heap of appreciation. Annual median price growth has been unprecedented. Pandemic-driven moves, historically low interest rates, and limited inventory have all played into this phenomenon.   The third quarter saw price growth start to level out as many sellers have stair-stepped […]
Eastside Eastside Quarterly Market Reports Q2 2021 The 2021 real estate market continues to be hot! Tight inventory has been a result of intense buyer demand fueled by historically low interest rates and the lucrative tech industry in our area. Also, moves brought about by the COVID effect of remote work options and some people moving towards retirement have brought additional buyers to the […]
Eastside Eastside Quarterly Market Trends – Q1 2021 Q1 2021 signified a measurable shift in the real estate market. Demand since the first of the year has been brisk, proving Q1 2021 to be one of the most impactful times in market history! Interest rates remain historically low, helping to offset the cost of price appreciation. Rates and the lucrative tech-influenced job market have helped pending sales […]
Eastside Eastside Quarterly Market Trends – Q4 2020   The 2020 real estate market was a bright spot in the economy and the fourth quarter finished strong, with the median price up 10% complete year-over-year. Interest rates started the year just over 3.5% and ended the year under 3%! The long-term average rate is 7.9%, putting into perspective the massive advantage for homebuyers […]
Eastside Eastside Quarterly Market Trends – Q3 2020   The real estate market continued to positively perform in the third quarter, and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in […]
Eastside Eastside Quarterly Market Trends – Q2 2020 The real estate market performed very well in the second quarter despite the changing and challenging environment due to the COVID-19 health crisis. Our industry has been considered essential and required to operate with strict protocols in place to help protect the safety of buyers, sellers, brokers, and service providers. The ability to still do business helped […]
Eastside Eastside Quarterly Market Trends – Q1 2020 As we head into the second quarter amid the COVID-19 outbreak, new real estate listings and transactions have slowed after a strong first quarter. What would typically be the seasonally brisk Spring Market has tempered in respect of the Stay Home, Stay Healthy order.   During this time, some sellers are still coming to market and […]
Eastside Eastside Quarterly Market Trends – Q4 2019 In the fourth quarter of 2019, there were 17% fewer new listings that came to the market compared to the fourth quarter of 2018, but pending sales outpaced inventory levels with a 17% increase in sales activity. The trend of pending sales outpacing new listings rang true throughout all of 2019, which illustrates strong buyer demand. […]
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Eastside Eastside Quarterly Market Trends – Q2 2019   Increased pending activity is an indication of strong buyer demand which is very much being driven by historically low interest rates, a thriving job market, and an overall strong local economy. In fact, interest rates are an entire point lower than they were a year ago! This affords buyers a price point that is […]
Eastside Eastside Quarterly Market Trends – Q1 2019 Months of inventory has reduced as we finished out the first quarter of 2019. Months of inventory is the amount of months it would take to sell out of homes if no new listings came to market. This illustrates the balance between supply and demand. We peaked at 3.6 months in December of 2018 and found […]
Eastside Eastside Quarterly Market Trends In September, the average days on market landed at 32 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month price growth to a more sustainable level. Back in April, the average […]
Eastside Eastside Quarterly Market Trends As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 11% year-over-year. We […]
Eastside Eastside Quarterly Market Trends It is the time of year when our market starts to take off. Spring is here and we are starting to see seasonal increases in inventory. In fact, there was a 54% increase in new listings in March compared to February. That increase was topped by a 58% rise in pending sales, illustrating very strong demand for housing […]
Eastside Eastside Quarterly Market Trends Price growth was particularly strong in 2017! Median was up 15% and average price up 16% over 2016. Median price in 2017 landed at $865,000 and the average at $1,049,000. The average amount of days it took to sell a house in 2017 was 24 days, which is 17% faster than 2016. The average list-to-sale […]