You're Now Reading:
Seattle Home Sales Record Double Digit Decline but Still Best in Five Years
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Seattle Home Sales Record Double Digit Decline but Still Best in Five Years
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:
Seattle Home Sales Record Double Digit Decline but Still Best in Five Years
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

November 30, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Seattle area fell by double-digits in September but still exceeded the previous year’s tally for the twelfth consecutive month according to real estate information provider DataQuick.

A total of 3,988 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in September. Sales were 19.2 percent lower than the 4,934 homes sold in August, but were 6.1 percent higher than the 3,758 homes sold in September of 2011. Sales were still at their highest level for the month in five years despite the sizeable drop in purchases.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 6.7 percent lower than the previous month.

Home sales in the region typically decline 11.1 percent between August and September and were 21.8 percent lower than the historical average in the area for the month.

Cash buyers accounted for 22.7 percent of all purchases in September, which was up from 19.9 percent a year earlier. The median price that cash buyers paid for their purchases increased to $247,531, up 18.5 percent from September of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 15.9 percent of the homes sold in September, down from 16.7 percent a year ago. The median price they paid for their purchases increased to $219,500, up 12.6 percent from September of last year.

The overall median price paid for new and resale homes and condos in September was $294,480, which was up from $290,000 in August and up from $259,560 in September of last year.

The current median price is 19.4 percent below the peak median price of $365,200 in September 2007.

Distressed sales accounted for 34.2 percent of the resale market in September with foreclosures accounting for 10.8 percent of the re-sales, down from 29.1 percent a year ago, while short sales accounted for 23.4 percent of the area’s re-sales, which was up from 17.0 in September of last year.

Tags: Seattle real estate, existing home sales, distressed properties, resale homes, condos, 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

November 30, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Seattle area fell by double-digits in September but still exceeded the previous year’s tally for the twelfth consecutive month according to real estate information provider DataQuick.

A total of 3,988 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in September. Sales were 19.2 percent lower than the 4,934 homes sold in August, but were 6.1 percent higher than the 3,758 homes sold in September of 2011. Sales were still at their highest level for the month in five years despite the sizeable drop in purchases.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 6.7 percent lower than the previous month.

Home sales in the region typically decline 11.1 percent between August and September and were 21.8 percent lower than the historical average in the area for the month.

Cash buyers accounted for 22.7 percent of all purchases in September, which was up from 19.9 percent a year earlier. The median price that cash buyers paid for their purchases increased to $247,531, up 18.5 percent from September of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 15.9 percent of the homes sold in September, down from 16.7 percent a year ago. The median price they paid for their purchases increased to $219,500, up 12.6 percent from September of last year.

The overall median price paid for new and resale homes and condos in September was $294,480, which was up from $290,000 in August and up from $259,560 in September of last year.

The current median price is 19.4 percent below the peak median price of $365,200 in September 2007.

Distressed sales accounted for 34.2 percent of the resale market in September with foreclosures accounting for 10.8 percent of the re-sales, down from 29.1 percent a year ago, while short sales accounted for 23.4 percent of the area’s re-sales, which was up from 17.0 in September of last year.

Tags: Seattle real estate, existing home sales, distressed properties, resale homes, condos, 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 30, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Seattle area fell by double-digits in September but still exceeded the previous year’s tally for the twelfth consecutive month according to real estate information provider DataQuick.

A total of 3,988 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in September. Sales were 19.2 percent lower than the 4,934 homes sold in August, but were 6.1 percent higher than the 3,758 homes sold in September of 2011. Sales were still at their highest level for the month in five years despite the sizeable drop in purchases.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 6.7 percent lower than the previous month.

Home sales in the region typically decline 11.1 percent between August and September and were 21.8 percent lower than the historical average in the area for the month.

Cash buyers accounted for 22.7 percent of all purchases in September, which was up from 19.9 percent a year earlier. The median price that cash buyers paid for their purchases increased to $247,531, up 18.5 percent from September of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 15.9 percent of the homes sold in September, down from 16.7 percent a year ago. The median price they paid for their purchases increased to $219,500, up 12.6 percent from September of last year.

The overall median price paid for new and resale homes and condos in September was $294,480, which was up from $290,000 in August and up from $259,560 in September of last year.

The current median price is 19.4 percent below the peak median price of $365,200 in September 2007.

Distressed sales accounted for 34.2 percent of the resale market in September with foreclosures accounting for 10.8 percent of the re-sales, down from 29.1 percent a year ago, while short sales accounted for 23.4 percent of the area’s re-sales, which was up from 17.0 in September of last year.

Tags: Seattle real estate, existing home sales, distressed properties, resale homes, condos, 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.