Blog archives from 2011
Sun, Jul 10, 2011
The Seattle area's employers are hiring. Boeing, Nordstrom, Amazon are hiring. Bringing new people to the area and boosting the area's real estate market.
With strong hiring trends I really believe Seattle and Bellevue's real estate market is on the upswing. Apartment developers are working hard to get new apartments built to take adavantage of employees who want to live close to work. The downtown Seattle rental market is quite busy.
With employment confidence buyers are willing to take the next step towards home ownership. As they do, the current starter home owners can move up. This has been shown in our real estate statistics...more homes selling quickly and some with multiple offers. Even homes over $1 million have been moving.
If a buyer has the financial ability to buy a home, I would recommend checking out some of your favorite neighborhoods. Ballard area homes are moving fast, Northeast Seattle is also attractive. There are still some great deals in West Seattle and further south.
Seattle Housing market
Wed, Jul 6, 2011
Seattle area real estate market is improving! Housing inventory is lower, about a 3.5 month supply, which means we are edging closer to a normal real estate market. Neighborhoods near jobs in Seattle and Bellevue are seeing multiple offers and offers within a week of listing. This is specific to more desirable neighborhoods.
Ballard and northwest Seattle are moving quickly in the under $500k homes. However, even over $500k lisitngs are moving more quickly than last year. This makes sense as people move up in the marketplace - selling their homes and moving into a better neighborhood and more expensive home.