Real Estate

Market Updates 3rd Quarter 2012: Reviews for Seattle, Mercer Island & the Eastside The Seattle market has remained incredibly active with sales up 15% over the same quarter last year—1855 homes sold in the third quarter of 2012 compared to 1609 homes sold during the same period in 2011. The average sales price slipped ever so slightly to $474,633 while the median sales price increased 4% to $407,000. […]
Real Estate Seattle Economy Ranked #3 in US   The Seattle-Tacoma-Bellevue area economy was recently ranked third strongest in the US for long-term growth and resiliency! Independent research firm Policom Corp. analyzed data from 1992-2010 and based its rankings consistent growth in both size and quality of 23 different economic factors. Olympia also made the list at #11 with the Tri-Cities close behind […]
Market Updates May Reports Show Home Prices Up New listings in the month of May lowered absorption rates slightly in Seattle, the Eastside and King County while pending sales remained strong. Mercer Island saw a decent decline in pending sales…likely due, in part, to the lack of inventory for sale in key price ranges. Median sales prices are up in most areas and […]
Market Updates Low Inventory & Interest Rates Fueling Home Sales According to a recent report by the Northwest Multiple Listing Service, our record-low interest combined with a dwindling number of homes for sale has boosted home sales by more than 20%…and reaching levels we haven’t seen since 2007. Median single-family home prices are up nearly 5% in King County compared to last year and are […]
Market Updates Strong Seller’s Market Emerges With absorption rates in the 40th and 50th percentiles, there is no question that we have briskly transitioned in to a strong seller’s market. The recent housing crisis is still very visible in the rear view mirror however…so even with multiple offers becoming common, buyers are cautious not to pay too much. If you’ve been […]
Market Updates 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 […]
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