How Escalation Clauses can Drive Up the Purchase Price.
Escalation clauses have become the norm in the Seattle area real estate market, especially in the most desirable neighborhoods. They are are a boon for sellers but can be a bane for buyers. While the offer price is never the only criterion in evaluating an offer, it is the most important. With multiple offers, it is helpful to create a spreadsheet to compare all aspects of each offer.
This is the real story of a multiple offer scenario. For the sake of privacy, the names of the buyers and the dollar amounts have been changed. more…
Western Washington’s “high velocity” market continued during January with the number of pending sales (7,745) outgaining the number of new listings (6,507), according to new figures from Northwest Multiple Listing Service.
“Properties are moving through the market at an unusually fast pace,” remarked John Deely, chairman of the board at Northwest MLS. Measured by months of inventory, the selection is at historic lows in many counties. Both King and Snohomish counties have less than one month of supply.
These market trend pages are an essential tool for for buyers and sellers to stay informed about the Seattle area real estate market.
Updated every month, here you'll find historical and current data for 40 Seattle area zip codes.
Three charts illustrate the local trends: Inventory and Sales, Average Days On Market, and Average Sold Price. While most charts show single-family-homes, condo data is shown for zip codes areas with a great density of condo projects.
For all property searches click above on the Find Homes tab + and the pull-down menu. On mobile devices click on MENU for all navigation.