November Sales Statistics on the Eastside

The most recent Eastside NWMLS statistics for the month of November show that the number of closed Eastside sales were down by a little more than one-third (34%) from the same time last year, declining from 908 in November 2006 to 598 this last month.  However, it’s not all bad news, as the median Eastside price was $494,000, which is slightly up from last year’s $490,000. Hey, the good news is that it’s clearly not a decline and the 2007 median price was higher for both condos and single family homes.

The number of closed sales from November of 2006 to November of 2007 was down in all Eastside areas, except in West Bellevue (area 520) where the number of closed sales was flat. However, in this area, inventory was high, up by 124%, the biggest increase in inventory noted from same time last year, over all Eastside areas. Although there’s a lot to choose from in this area, seller’s take note–what’s selling here are the high-end homes. In this area, The November 2007 median price was $1,027,000 versus last year’s median price of $875,000.

In case you’re curious about what some of these high-end Bellevue sales looked like, here’s a dabbling of the November closed sales:

536 99th Ave NE #538
3 br/4 ba, 2,755 sq.ft.
SOLD (11/15) $1,590,000

1410 102nd Ave NE
2 br/2 ba, 2,080 sq.ft.
SOLD (11/15) $1,295,000

916 Belfair Rd
4 br/2 ba, 1,780 sq.ft.
SOLD (11/8) $900,000

9823 NE 19th St.
4 br/2 ba, 1,500 sq.ft.
SOLD (11/7) $2,050,000

9247 NE 13th St
5 br/3 ba, 2,310 sq. ft.
SOLD (11/1) $1,385,000