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Seattle June Home Sales Highest 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 June Home Sales Highest 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 June Home Sales Highest in Five Years
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Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

August 14, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Seattle area were at their highest level in five years during June, exceeding last year’s tally by over ten percent, while home prices improved year-over-year for the third consecutive month according to real estate information provider DataQuick.

A total of 4,886 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in June. Sales were 4.6 percent higher than the 4,671 homes sold in May, and were 10.5 percent higher than the 4,423 homes sold in June of 2011.

Home sales in the region typically increase 9.8 percent between May and June but were still 21.2 percent lower than the historical average in the area for the month.

Cash buyers accounted for 23.9 percent of all purchases in June, which was up from 20.9 percent a year earlier. The median price that cash buyers paid for their purchases increased to $256,641, up 17.9 percent from June of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 17.2 percent of the homes sold in June, down from 25.4 percent a year ago. The median price they paid for their purchases increased to $215,000, up 17.9 percent from June of last year.

The overall median price paid for new and resale homes and condos in June was $289,950, which was up from $281,437 in May and up from $268,000 in June of last year.

The current median price is 20.6 percent below the peak median price of $365,200 in June 2007.

Distressed sales accounted for 37.9 percent of the resale market in June with foreclosures accounting for 14.6 percent of the re-sales, down from 19.3 percent in May, while short sales accounted for 23.3 percent of the area’s re-sales, which was up from 19.3 in May.

Foreclosure activity took a turn for the worse in June with lenders foreclosing on 594 single-family homes and condos, up 13.6 percent from May but still down 45.2 percent from June of 2011.

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

August 14, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Seattle area were at their highest level in five years during June, exceeding last year’s tally by over ten percent, while home prices improved year-over-year for the third consecutive month according to real estate information provider DataQuick.

A total of 4,886 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in June. Sales were 4.6 percent higher than the 4,671 homes sold in May, and were 10.5 percent higher than the 4,423 homes sold in June of 2011.

Home sales in the region typically increase 9.8 percent between May and June but were still 21.2 percent lower than the historical average in the area for the month.

Cash buyers accounted for 23.9 percent of all purchases in June, which was up from 20.9 percent a year earlier. The median price that cash buyers paid for their purchases increased to $256,641, up 17.9 percent from June of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 17.2 percent of the homes sold in June, down from 25.4 percent a year ago. The median price they paid for their purchases increased to $215,000, up 17.9 percent from June of last year.

The overall median price paid for new and resale homes and condos in June was $289,950, which was up from $281,437 in May and up from $268,000 in June of last year.

The current median price is 20.6 percent below the peak median price of $365,200 in June 2007.

Distressed sales accounted for 37.9 percent of the resale market in June with foreclosures accounting for 14.6 percent of the re-sales, down from 19.3 percent in May, while short sales accounted for 23.3 percent of the area’s re-sales, which was up from 19.3 in May.

Foreclosure activity took a turn for the worse in June with lenders foreclosing on 594 single-family homes and condos, up 13.6 percent from May but still down 45.2 percent from June of 2011.

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.

August 14, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Seattle area were at their highest level in five years during June, exceeding last year’s tally by over ten percent, while home prices improved year-over-year for the third consecutive month according to real estate information provider DataQuick.

A total of 4,886 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in June. Sales were 4.6 percent higher than the 4,671 homes sold in May, and were 10.5 percent higher than the 4,423 homes sold in June of 2011.

Home sales in the region typically increase 9.8 percent between May and June but were still 21.2 percent lower than the historical average in the area for the month.

Cash buyers accounted for 23.9 percent of all purchases in June, which was up from 20.9 percent a year earlier. The median price that cash buyers paid for their purchases increased to $256,641, up 17.9 percent from June of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 17.2 percent of the homes sold in June, down from 25.4 percent a year ago. The median price they paid for their purchases increased to $215,000, up 17.9 percent from June of last year.

The overall median price paid for new and resale homes and condos in June was $289,950, which was up from $281,437 in May and up from $268,000 in June of last year.

The current median price is 20.6 percent below the peak median price of $365,200 in June 2007.

Distressed sales accounted for 37.9 percent of the resale market in June with foreclosures accounting for 14.6 percent of the re-sales, down from 19.3 percent in May, while short sales accounted for 23.3 percent of the area’s re-sales, which was up from 19.3 in May.

Foreclosure activity took a turn for the worse in June with lenders foreclosing on 594 single-family homes and condos, up 13.6 percent from May but still down 45.2 percent from June of 2011.

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.