these market trend pages are an essential tool for keeping 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.
West Bellevue home – Sale Pending. Located on a quiet street just half-a-mile from Bellevue Square. There, you can you can browse 180 stores, including Apple, Nordstrom, Coach, and MaxMara, and visit a variety of restaurants. The 4-bedroom home features a fully fenced yard, an updated kitchen, and a new roof. Ultimately, you want to build a home deserving of the location. In the meantime, you can move into this 2-level home yourself or temporarily become its landlord. more…
Sell in a Sellers’ Market? That’s a no-brainer, you say.
Not so fast, I say. For starters, pricing a home is more difficult in a sellers’ market. Faced with a low inventory, it is harder to arrive at a price simply by comparing the home to be listed to other homes. Comparable active listings may not exist, and recent sales may be sparse.
Why do homeowners overprice when they sell in a sellers’ market? Some do because they’ve read the headlines. Others do because a similar home just sold for a boatload of dough. more…
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