April 2010 numbers are in for the Seattle condo market and they're strong, really strong. There was probably a lot of mojo from the first-time homebuyer's tax credit which expired on May 1 so will be interesting to see how things pan out this month but if it's anything like April, we're doing a happy dance.
Some April highlights:
- Overall, Seattle condo pending sales were up 65% and closed sales were up 80% versus last year. This was the seventh straight month of positive year over year closed sales.
- Belltown/Downtown was on fire. Seriously. Belltown/Downtown pending sales were up 210% versus April 2009. Belltown/Downtown closed sales were up 160% versus April 2009. Meanwhile, bubble watchers should find some comfort in the fact that despite all the activity, prices remained stable and up only 2.61% versus last year.
- Not every neighborhood was in perfect shape. Ballard/Greenlake closed sales were up but "only" 8% versus last year. Ballard/Greenlake median closed prices took a hit at over 20% lower than April 2009.
Few mnhs ago , a 500- 650 K (dtown)search yielded a drop down menu of 16+ pages, now its just a few pgs. That appears a good sign, ..unless ppl got fed up & pulled their units off market.
I say we got a coupl /3 yrs yet but maybe the bleedin s stopped
he growth of biweekly mortgage calculator has been a incredibly positive point for that household personal loan current market, specially from your point of view of the mortgage-holder
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