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Rising Interest Rates Spur Buyer Competition
According to a recent report by the Northwest Multiple Listing Service, well-priced homes are drawing multiple offers, with jumps in both pending and closed home sales compared to this time last year. While the number of new listings is also up, the overall inventory of available homes is still low compared to buyer demand…and with interest rates starting to climb, the competition among buyers has reached a fever pitch.
Click here for the full article and a county-by-county statistical summary!
Exploring the Puget Sound Region: Best Beaches
Picnic on the beach, build sandcastles, find a treasure, or just read a book and relax. I hope you enjoy these great spots to visit as you explore our beautiful Puget Sound region.
Best Beaches for Sand
Marina Beach—Edmonds
Alki Beach—West Seattle
Golden Gardens—North Seattle
Richmond Beach—Shoreline
Meadowdale Park—Edmonds
Discovery Park—Magnolia
Carkeek Park—North Seattle
Dash Point State Park—Federal Way
Best Beaches for Fires (In designated pits only)
Alki Beach—West Seattle
Golden Gardens—North Seattle
Best Beaches with Playgrounds
Seahurst Park—Burien
Marina Beach—Edmonds
Richmond Beach—Shoreline
Golden Gardens—North Seattle
Best Beaches for Sea Creatures
Brackett's Landing North and South—Edmonds
Seahurst Park—Burien
Howarth Park—Everett
Best Beach Walks
With a stroller:
Alki Beach—West Seattle
Lincoln Park—West Seattle
With a backpack:
Meadowdale Park—Edmonds
Discovery Park—Magnolia
Best Beaches for Picnic
Richmond Beach—Shoreline
Kayak Point Regional Park—Stanwood
Saltwater State Park—Des Moines
Dash Point State Park——Federal Way
Seahurst Park—Burien
Lake Sammamish State Park—Issaquah
Pending Sales Soar in Greater Seattle
The absorption rate based on pending home sales continues to be off the charts with listing inventory very low and sales activity brisk. Overall, prices have continued to slip slightly in all areas except Seattle Metro–which actually saw prices rise. Of note however, is the fact that distressed properties have sold for significantly less than non-distressed homes for sale.
Data prepared and analyzed by Julie Nugent for Windermere Real Estate/Mercer Island. For questions or comments, email Julie at julie@windermere.com.
