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Monthly Homes Sales Decline in Seattle but Higher than Last Year.
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You're Now Reading:
Monthly Homes Sales Decline in Seattle but Higher than Last Year.
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:
Monthly Homes Sales Decline in Seattle but Higher than Last Year.
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November 7, 2011 (Shirley Allen)

Monthly home sales in the Seattle area declined as expected from August to September but were above last years levels for the third consecutive month according to real estate information provider DataQuick.

A total of 3,747 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in September. Sales were 11.8 percent lower than August, but were 26.2 percent higher than in September of 2010.

Home sales in the region typically fall 10.6 percent between August and September. Sales were 27.4 percent below average for a September and the fourth lowest on record for that month surpassed only by 2010, 2008, and 1996.

Like most areas of the country, new home sales remained at depressed levels, posting the second lowest amount of sales on record for a September. The lack of new home sales dragged the total sales amount down considerably as existing home sales were 30.7 percent higher than a year ago and were the highest in four years.

Cash buyers accounted for 19.9 percent of all purchases in September, which was down from 22.2 percent in August and down from 20.6 percent a year earlier.

The price that cash buyers are paying continues to decline as the median price paid by a cash buyer in September was $208,809, which is down 4.7 percent from August, and 15.9 percent lower than September of 2010.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 16.7 percent of all homes sold in September. The prices they paid were also less than previous months with the median price paid in September being $196,500, down 1.8 percent from August and down 14.6 percent from September of last year.

The overall median price paid for new and resale homes and condos in September was $259,000, which was down 1.7 percent from August and down 9.1 percent from September of last year. It was the 14th consecutive month that year-over-year home prices declined.

The current median price is 29.1 percent below the peak median price of $365,200 in June 2006.

Distressed sales accounted for 47.1 percent of the resale market in September as foreclosures accounted for 29.1 percent of the distressed sales, up from 28.6 percent in August, and short sales accounted for 18.0 percent of the distressed sales, up from 16.1 percent in August.

Foreclosures dipped in September with lenders foreclosing on 1,033 single-family homes and condos, down 19.7 percent in August and down 24.5 percent from September of 2010. Foreclosures are up 24.4 percent during the first nine months of 2011 compared to the same period in 2010.

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

Source:
DataQuick

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November 7, 2011 (Shirley Allen)

Monthly home sales in the Seattle area declined as expected from August to September but were above last years levels for the third consecutive month according to real estate information provider DataQuick.

A total of 3,747 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in September. Sales were 11.8 percent lower than August, but were 26.2 percent higher than in September of 2010.

Home sales in the region typically fall 10.6 percent between August and September. Sales were 27.4 percent below average for a September and the fourth lowest on record for that month surpassed only by 2010, 2008, and 1996.

Like most areas of the country, new home sales remained at depressed levels, posting the second lowest amount of sales on record for a September. The lack of new home sales dragged the total sales amount down considerably as existing home sales were 30.7 percent higher than a year ago and were the highest in four years.

Cash buyers accounted for 19.9 percent of all purchases in September, which was down from 22.2 percent in August and down from 20.6 percent a year earlier.

The price that cash buyers are paying continues to decline as the median price paid by a cash buyer in September was $208,809, which is down 4.7 percent from August, and 15.9 percent lower than September of 2010.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 16.7 percent of all homes sold in September. The prices they paid were also less than previous months with the median price paid in September being $196,500, down 1.8 percent from August and down 14.6 percent from September of last year.

The overall median price paid for new and resale homes and condos in September was $259,000, which was down 1.7 percent from August and down 9.1 percent from September of last year. It was the 14th consecutive month that year-over-year home prices declined.

The current median price is 29.1 percent below the peak median price of $365,200 in June 2006.

Distressed sales accounted for 47.1 percent of the resale market in September as foreclosures accounted for 29.1 percent of the distressed sales, up from 28.6 percent in August, and short sales accounted for 18.0 percent of the distressed sales, up from 16.1 percent in August.

Foreclosures dipped in September with lenders foreclosing on 1,033 single-family homes and condos, down 19.7 percent in August and down 24.5 percent from September of 2010. Foreclosures are up 24.4 percent during the first nine months of 2011 compared to the same period in 2010.

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.

November 7, 2011 (Shirley Allen)

Monthly home sales in the Seattle area declined as expected from August to September but were above last years levels for the third consecutive month according to real estate information provider DataQuick.

A total of 3,747 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in September. Sales were 11.8 percent lower than August, but were 26.2 percent higher than in September of 2010.

Home sales in the region typically fall 10.6 percent between August and September. Sales were 27.4 percent below average for a September and the fourth lowest on record for that month surpassed only by 2010, 2008, and 1996.

Like most areas of the country, new home sales remained at depressed levels, posting the second lowest amount of sales on record for a September. The lack of new home sales dragged the total sales amount down considerably as existing home sales were 30.7 percent higher than a year ago and were the highest in four years.

Cash buyers accounted for 19.9 percent of all purchases in September, which was down from 22.2 percent in August and down from 20.6 percent a year earlier.

The price that cash buyers are paying continues to decline as the median price paid by a cash buyer in September was $208,809, which is down 4.7 percent from August, and 15.9 percent lower than September of 2010.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 16.7 percent of all homes sold in September. The prices they paid were also less than previous months with the median price paid in September being $196,500, down 1.8 percent from August and down 14.6 percent from September of last year.

The overall median price paid for new and resale homes and condos in September was $259,000, which was down 1.7 percent from August and down 9.1 percent from September of last year. It was the 14th consecutive month that year-over-year home prices declined.

The current median price is 29.1 percent below the peak median price of $365,200 in June 2006.

Distressed sales accounted for 47.1 percent of the resale market in September as foreclosures accounted for 29.1 percent of the distressed sales, up from 28.6 percent in August, and short sales accounted for 18.0 percent of the distressed sales, up from 16.1 percent in August.

Foreclosures dipped in September with lenders foreclosing on 1,033 single-family homes and condos, down 19.7 percent in August and down 24.5 percent from September of 2010. Foreclosures are up 24.4 percent during the first nine months of 2011 compared to the same period in 2010.

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.