What were the chances of selling a home in West Redmond in March, 2007?

The chances of selling a home in West Redmond in March of 2007? 58% of the homes listed received offers and went pending!

West Redmond/East Bellevue, you are smoking! You beat out all the other Eastside areas for having the most number of homes sell as compared to the inventory. Fifty-eight percent of the homes for sale received offers. This area has had some of the lowest amount of homes available for sale anywhere. No wonder there’s been a lot of multiple offers. There were 119 homes offered for sale, up from 96 in February of 2006 and up from the 98 homes available this February. Homes receiving offers this month jumped up from 57 homes in February to 70 homes sold in March. Even though last year 80% of the homes sold during the month, still some pretty incredible numbers this year!

What does this mean for sellers? Now is a great time to sell your home. If your home stands out, you can often sell for more money and with multiple offers. If a home is on the open market and exposed to all buyers, a seller's chances of receiving multiple offers and the top price will be increased dramatically. The homes with the multiple offers are staged, professionally photographed, and priced competitively. A knowledgeable Realtor will know the nuances of the neighborhood and each of the available homes to put you in the best pricing position. A strong Realtor will be your advocate, negotiate these offers, and help you make the most money.

Please look at my post on http://www.eastsiderealestatebuzz.com to find out about other areas of the Eastside. You will see that none of the other areas come close to Redmond in the number of sales to listings.

For this month's latest statistics, please check the link below to my website,
http://debrasinick.com/docs/2007_Year_to_Date.pdf