photo credit: eye of einstein
Thank you to my broker, Ron Sparks, who sent these numbers out this afternoon.
Some things to be thankful for.
These are figures comparing 2008 to 2011 and it’s easy to see we have had much improvement in the last 3 years. It still isn’t all wine and roses but it’s looking far better. For me, this year was the first in a long while that I have really felt momentum in the market and, as a consequence, I have been busy, busy, busy.
Thank you real estate gods.
Happy Thanksgiving!
|
2008 vs. 2011 |
2008 |
2011 |
| Mortgage Rates-The same payment that bought $500K then buys $669K now |
6.75% |
4.125% |
| Eastside Listings- 1/3 fewer homes on the market |
3,023 |
1,957 |
| Eastside Pendings- Over double the homes under contract |
412 |
931 |
| Demand Ratio- 250% improvement in demand |
7.33 |
2.10 |
| Luxury Demand Ratio- 225% improvement |
13.64 |
4.15 |
| WA Forclosures- 1 in every 264 homes was in foreclosure in 2008. Today it’s just 1 in 1,049. |
10,375 |
2,684 |
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