Market Insights July 2021

Page 1

Greater Eastside Market Report 07.2021


West Bellevue


Absorption Rates Number of properties sold in a given month divided by number of homes for sale. Buyer’s Market

Neutral Market

Seller’s Market

June 2021

June 2020

West Bellevue

West Bellevue

Absorption Rate (closed sales)

Absorption Rate (closed sales)

16%

33%

0%

16%

100%

35.9%

0%

100%

244.4%

SELLER’S MARKET

West Bellevue

West Bellevue

Absorption Rate (closed sales)

Absorption Rate (closed sales)

33%

0%

16%

100%

33.8%

SELLER’S MARKET

SELLER’S MARKET

July 2021

July 2020

16%

33%

33%

0%

100%

176.2%

SELLER’S MARKET

Data range: single family homes $1m+ of areas 500, 510, 520, 530, 540, 550, 560, 600 from NMLWS


Eastside / South of I-90


June 2020

June 2021

Eastside / South of I-90

Eastside / South of I-90

Absorption Rate (closed sales)

16%

Absorption Rate (closed sales)

33%

0%

16%

100%

50.8%

33%

0%

100%

288%

SELLER’S MARKET

July 2020

July 2021

Eastside / South of I-90

Eastside / South of I-90

Absorption Rate (closed sales)

16%

Absorption Rate (closed sales)

33%

0%

16%

100%

65.8%

SELLER’S MARKET

SELLER’S MARKET

33%

0%

100%

334.5%

SELLER’S MARKET


Redmond


June 2020

June 2021

Redmond

Redmond

Absorption Rate (closed sales)

16%

Absorption Rate (closed sales)

33%

0%

16%

100%

50.8%

33%

0%

100%

288%

SELLER’S MARKET

SELLER’S MARKET

July 2020

July 2021

Absorption Rate (closed sales)

Absorption Rate (closed sales)

Redmond

16%

Redmond

33%

0%

16%

100%

103.9%

SELLER’S MARKET

33%

0%

100%

403.3%

SELLER’S MARKET


Woodinville


June 2021

June 2020

Woodinville

Woodinville

Absorption Rate (closed sales)

Absorption Rate (closed sales)

16%

16%

33%

0%

100%

96.2%

33%

0%

100%

250%

SELLER’S MARKET

July 2020

SELLER’S MARKET

July 2021

Woodinville

Woodinville

Absorption Rate (closed sales)

Absorption Rate (closed sales)

16%

33%

0%

16%

100%

116.7%

SELLER’S MARKET

33%

0%

100%

210.5%

SELLER’S MARKET


Kirkland


June 2020

June 2021

Kirkland

Kirkland

Absorption Rate (closed sales)

16%

Absorption Rate (closed sales)

33%

0%

16%

100%

66.2%

33%

0%

100%

312%

NEUTRAL MARKET

SELLER’S MARKET

July 2020

July 2021

Absorption Rate (closed sales)

Absorption Rate (closed sales)

Kirkland

16%

Kirkland

33%

0%

16%

100%

81%

SELLER’S MARKET

33%

0%

100%

384.2%

SELLER’S MARKET


Bridle Trails


June 2021

June 2020

Bridle Trails

Bridle Trails

Absorption Rate (closed sales)

Absorption Rate (closed sales)

16%

16%

33%

0%

100%

71.4%

33%

0%

100%

400%

SELLER’S MARKET

July 2020

July 2021

Bridle Trails

Bridle Trails

Absorption Rate (closed sales)

16%

Absorption Rate (closed sales)

16%

33%

0%

100%

84.6%

SELLER’S MARKET

SELLER’S MARKET

33%

0%

100%

425%

SELLER’S MARKET


Sammamish


June 2021

June 2020

Sammamish

Sammamish

Absorption Rate (closed sales)

Absorption Rate (closed sales)

16%

16%

33%

0%

100%

42.7%

33%

0%

100%

580%

SELLER’S MARKET

SELLER’S MARKET

July 2020

July 2021

Absorption Rate (closed sales)

Absorption Rate (closed sales)

Sammamish

16%

Sammamish

33%

0%

16%

100%

104.1%

SELLER’S MARKET

33%

0%

100%

337.8%

SELLER’S MARKET


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