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Seattle June Home Sales Highest in Five Years
Seattle June Home Sales Highest in Five Years
Seattle June Home Sales Highest in Five Years
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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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
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LOANRATENETWORK
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.
Information You Can Use
Helpful Tools
Mortgage
Calculator
Estimate your monthly mortgage payment
Auto Loan
Calculator
Determine how much car you can afford before buying
Learn About
Mortgage Loans
Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates
See today's mortgage rates. Shop, compare and save.

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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
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.
Information You Can Use
Helpful Tools

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

HOW LOANRATENETWORK
LOAN CENTER 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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
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.
Information You Can Use

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