You're Now Reading:
Home Sales in Seattle Up from Last Year, Prices at Eight Year Low
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Sales in Seattle Up from Last Year, Prices at Eight Year Low
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 in Seattle Up from Last Year, Prices at Eight Year Low
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

March 13, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Seattle area declined as expected from December to January but still beat last year’s tally, while home prices fell to an eight year low according to real estate information provider DataQuick.

A total of 2,513 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in January. Sales were 31.7 percent lower than December, but were still 13.5 percent higher than in January of 2011.

Home sales in the region typically fall 25.5 percent between December and January and were 24.7 percent lower than the historical average for the month. January’s sales tally was the highest for the month since 2008.

New home sales continued to be in the doldrums. Although sales were 19.6 percent higher than in January of last year, they were still the second lowest on record for that month. Sales of existing homes were 12.6 percent higher than a year ago, their best showing for the month in five years, but were still 18.2 percent below the monthly average.

Cash buyers accounted for 21.7 percent of all purchases in January, which was down from 24.7 percent in December and down from 23.4 percent a year earlier. The median price that cash buyers paid for their purchases fell to $172,000, down 22.5 percent from December and 20.0 percent lower than January of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 19.9 percent of the homes sold in January, up from 19.3 percent in December. The median price they paid for their purchases fell to $169,900, down 12.8 percent from December and down 18.9 percent from January of last year.

The overall median price paid for new and resale homes and condos in January was $238,000, which was down 5.7 percent from December and down 8.5 percent from January of last year. It was the 18th consecutive month that year-over-year home prices have declined.

The current median price is 34.8 percent below the peak median price of $365,200 in June 2007 and leaves home prices in the area back at January 2004 levels.

Distressed sales accounted for 49.4 percent of the resale market in January with foreclosures accounting for 32.5 percent of the distressed sales, up from 29.1 percent in December, and short sales accounted for 16.9 percent of the distressed sales, up from 16.2 percent in December.

Foreclosure activity continued to improve in January with lenders foreclosing on 601 single-family homes and condos, down 40.8 percent in December and 45.4 percent from January 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
LOANRATEUPDATE
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 LoanRateUpdate. 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
LOANRATEUPDATE
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

March 13, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Seattle area declined as expected from December to January but still beat last year’s tally, while home prices fell to an eight year low according to real estate information provider DataQuick.

A total of 2,513 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in January. Sales were 31.7 percent lower than December, but were still 13.5 percent higher than in January of 2011.

Home sales in the region typically fall 25.5 percent between December and January and were 24.7 percent lower than the historical average for the month. January’s sales tally was the highest for the month since 2008.

New home sales continued to be in the doldrums. Although sales were 19.6 percent higher than in January of last year, they were still the second lowest on record for that month. Sales of existing homes were 12.6 percent higher than a year ago, their best showing for the month in five years, but were still 18.2 percent below the monthly average.

Cash buyers accounted for 21.7 percent of all purchases in January, which was down from 24.7 percent in December and down from 23.4 percent a year earlier. The median price that cash buyers paid for their purchases fell to $172,000, down 22.5 percent from December and 20.0 percent lower than January of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 19.9 percent of the homes sold in January, up from 19.3 percent in December. The median price they paid for their purchases fell to $169,900, down 12.8 percent from December and down 18.9 percent from January of last year.

The overall median price paid for new and resale homes and condos in January was $238,000, which was down 5.7 percent from December and down 8.5 percent from January of last year. It was the 18th consecutive month that year-over-year home prices have declined.

The current median price is 34.8 percent below the peak median price of $365,200 in June 2007 and leaves home prices in the area back at January 2004 levels.

Distressed sales accounted for 49.4 percent of the resale market in January with foreclosures accounting for 32.5 percent of the distressed sales, up from 29.1 percent in December, and short sales accounted for 16.9 percent of the distressed sales, up from 16.2 percent in December.

Foreclosure activity continued to improve in January with lenders foreclosing on 601 single-family homes and condos, down 40.8 percent in December and 45.4 percent from January 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
LOANRATEUPDATE
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 LoanRateUpdate. 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
LOANRATEUPDATE
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.

March 13, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Seattle area declined as expected from December to January but still beat last year’s tally, while home prices fell to an eight year low according to real estate information provider DataQuick.

A total of 2,513 new and resale homes and condos closed escrow in the Seattle-Tacoma-Bellevue metro area in January. Sales were 31.7 percent lower than December, but were still 13.5 percent higher than in January of 2011.

Home sales in the region typically fall 25.5 percent between December and January and were 24.7 percent lower than the historical average for the month. January’s sales tally was the highest for the month since 2008.

New home sales continued to be in the doldrums. Although sales were 19.6 percent higher than in January of last year, they were still the second lowest on record for that month. Sales of existing homes were 12.6 percent higher than a year ago, their best showing for the month in five years, but were still 18.2 percent below the monthly average.

Cash buyers accounted for 21.7 percent of all purchases in January, which was down from 24.7 percent in December and down from 23.4 percent a year earlier. The median price that cash buyers paid for their purchases fell to $172,000, down 22.5 percent from December and 20.0 percent lower than January of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 19.9 percent of the homes sold in January, up from 19.3 percent in December. The median price they paid for their purchases fell to $169,900, down 12.8 percent from December and down 18.9 percent from January of last year.

The overall median price paid for new and resale homes and condos in January was $238,000, which was down 5.7 percent from December and down 8.5 percent from January of last year. It was the 18th consecutive month that year-over-year home prices have declined.

The current median price is 34.8 percent below the peak median price of $365,200 in June 2007 and leaves home prices in the area back at January 2004 levels.

Distressed sales accounted for 49.4 percent of the resale market in January with foreclosures accounting for 32.5 percent of the distressed sales, up from 29.1 percent in December, and short sales accounted for 16.9 percent of the distressed sales, up from 16.2 percent in December.

Foreclosure activity continued to improve in January with lenders foreclosing on 601 single-family homes and condos, down 40.8 percent in December and 45.4 percent from January 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
LOANRATEUPDATE
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 LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATEUPDATE
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.