Nov. 18, 2006 - Bellevue, Redmond, Kirkland

Why do we run stats?  Because it is important to check "Perception vs. Reality" from time to time.  Even people like me who work in the real estate industry day in and day out, can miss a market segment's performance level, unless we study the real facts from time to time.

What I have found so far, is that lumping any of the separate market segments together, even Bellevue, Redmond and Kirkland, cities you would expect to follow the same basic market trend, gives unclear results.  You have to separate everything down to total relevancy levels.  Before I switch to doing Online CMA's for each Zip Code and market segment of each Zip Code, here are some stats I felt were important to me.  For what it's worth, I will post them here for others, but they are likely more important to a real estate professional than a consumer.

Two market segments stand out for all three cities.  The condo market from $200,000 to $400,000 and the Single Family Home market from $400,000 to $600,000.

Using Closed sales YTD, the highest number of sales was in Bellevue, 491 single family residences priced between $400,000 and $600,000.

Second at 466 sales was Kirkland Condos priced between $200,000 and $400,000.

Right behind would be Bellevue Condos in the same price range at 448 sales.

Then back to the single family residences from $400,000 to $600,000 with Kirkland at 403 and Redmond at 409.

Last in the range would be Redmond condos between $200,000 and $400,000 at 389 sales.

Nov. 19, 2006 - re: Bellevue, Redmond, Kirkland

Nov. 19, 2006 - re: Bellevue, Redmond, Kirkland