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Home Sales Jump in Seattle, Prices Still Behind Last Year’s Levels
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
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.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Sales Jump in Seattle, Prices Still Behind Last Year’s Levels
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
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.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Sales Jump in Seattle, Prices Still Behind Last Year’s Levels

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

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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 LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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 LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

LoanRateUpdate

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