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You're Now Reading:
Home Sales Jump in Seattle, Prices Still Behind Last Year’s Levels
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Sales Jump in Seattle, Prices Still Behind Last Year’s Levels
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Sales Jump in Seattle, Prices Still Behind Last Year’s Levels
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Home Buying Tips
Home Selling Tips
About Mortgages
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Mortgage Rates

May 11, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Seattle area followed seasonal spring trends in March, jumping over 33 percent from the previous month, while home prices continued to lag behind last year’s levels according to real estate information provider DataQuick.

A total of 3,909 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in March. Sales were 33.2 percent higher than the 2,934 homes sold in February, and were 6.7 percent higher than the 3,663 homes sold in March of 2011.

Home sales in the region typically increase 37.6 percent between February and March but were still 24.0 percent lower than the historical average in the area for the month.

Cash buyers accounted for 22.3 percent of all purchases in March, which was down from 22.7 percent in February but up from 21.2 percent a year earlier. The median price that cash buyers paid for their purchases increased to $172,000, up 3.9 percent from February but 17.9 percent lower than in March of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 20.6 percent of the homes sold in March, down from 21.1 percent in February. The median price they paid for their purchases fell to $165,000, down 0.6 percent from February and 17.9 percent lower than in March of last year.

The overall median price paid for new and resale homes and condos in March was $257,877, which was up 3.5 percent from February and down 3.1 percent from March of last year. It was the 20th consecutive month that year-over-year home prices have declined.

The current median price is 29.4 percent below the peak median price of $365,200 in June 2007.

Distressed sales accounted for 45.5 percent of the resale market in March with foreclosures accounting for 26.8 percent of the re-sales, down from 30.6 percent in February, while short sales accounted for 18.7 percent of the area’s re-sales, which was unchanged from February.

Foreclosure activity continued to improve in March with lenders foreclosing on 422 single-family homes and condos, down 17.4 percent from February and 65.5 percent from March of 2011.

Tags: DataQuick, existing home sales, Seattle, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

May 11, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Seattle area followed seasonal spring trends in March, jumping over 33 percent from the previous month, while home prices continued to lag behind last year’s levels according to real estate information provider DataQuick.

A total of 3,909 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in March. Sales were 33.2 percent higher than the 2,934 homes sold in February, and were 6.7 percent higher than the 3,663 homes sold in March of 2011.

Home sales in the region typically increase 37.6 percent between February and March but were still 24.0 percent lower than the historical average in the area for the month.

Cash buyers accounted for 22.3 percent of all purchases in March, which was down from 22.7 percent in February but up from 21.2 percent a year earlier. The median price that cash buyers paid for their purchases increased to $172,000, up 3.9 percent from February but 17.9 percent lower than in March of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 20.6 percent of the homes sold in March, down from 21.1 percent in February. The median price they paid for their purchases fell to $165,000, down 0.6 percent from February and 17.9 percent lower than in March of last year.

The overall median price paid for new and resale homes and condos in March was $257,877, which was up 3.5 percent from February and down 3.1 percent from March of last year. It was the 20th consecutive month that year-over-year home prices have declined.

The current median price is 29.4 percent below the peak median price of $365,200 in June 2007.

Distressed sales accounted for 45.5 percent of the resale market in March with foreclosures accounting for 26.8 percent of the re-sales, down from 30.6 percent in February, while short sales accounted for 18.7 percent of the area’s re-sales, which was unchanged from February.

Foreclosure activity continued to improve in March with lenders foreclosing on 422 single-family homes and condos, down 17.4 percent from February and 65.5 percent from March of 2011.

Tags: DataQuick, existing home sales, Seattle, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

May 11, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Seattle area followed seasonal spring trends in March, jumping over 33 percent from the previous month, while home prices continued to lag behind last year’s levels according to real estate information provider DataQuick.

A total of 3,909 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in March. Sales were 33.2 percent higher than the 2,934 homes sold in February, and were 6.7 percent higher than the 3,663 homes sold in March of 2011.

Home sales in the region typically increase 37.6 percent between February and March but were still 24.0 percent lower than the historical average in the area for the month.

Cash buyers accounted for 22.3 percent of all purchases in March, which was down from 22.7 percent in February but up from 21.2 percent a year earlier. The median price that cash buyers paid for their purchases increased to $172,000, up 3.9 percent from February but 17.9 percent lower than in March of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 20.6 percent of the homes sold in March, down from 21.1 percent in February. The median price they paid for their purchases fell to $165,000, down 0.6 percent from February and 17.9 percent lower than in March of last year.

The overall median price paid for new and resale homes and condos in March was $257,877, which was up 3.5 percent from February and down 3.1 percent from March of last year. It was the 20th consecutive month that year-over-year home prices have declined.

The current median price is 29.4 percent below the peak median price of $365,200 in June 2007.

Distressed sales accounted for 45.5 percent of the resale market in March with foreclosures accounting for 26.8 percent of the re-sales, down from 30.6 percent in February, while short sales accounted for 18.7 percent of the area’s re-sales, which was unchanged from February.

Foreclosure activity continued to improve in March with lenders foreclosing on 422 single-family homes and condos, down 17.4 percent from February and 65.5 percent from March of 2011.

Tags: DataQuick, existing home sales, Seattle, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.