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Alex Eckardt, ABR 206.778.7844 |
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Alex Eckardt, ABR 206.778.7844 |
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Market Update - 2nd Quarter of 2008 Market slowdowns have caused our local inventory to increase tremendously over the course of the last year. Most areas in King & Snohomish County currently have over 6 months of real estate supply (meaning that if no other homes were to come on the market, it would take 6 months to sell the existing inventory). That, of course, can make life a lot harder for local sellers, as there can be significant competition in their area, which usually translates into longer market time. 2007 sales prices for residential homes in Seattle were up over 2006 (approx. $460k median & $560k average sales price in 2007 vs. $440k median & $520k average sales price in 2006), but the 2008 numbers will likely fall below the 2007 sales prices. Many buyers have realized that now is a good time to purchase a home, before prices will start to climb again. As a consequence, we're starting to see more active buyers in the market.
Financing Tips Second Mortgages - Fixed Rate vs. HELOC (Home Equity Line Of Credit) Buying An Investment Property or Second Home Once you get your loan, lock it in
Alex's Seattle Links Seattle Auf Deutsch - Your German Resource in Seattle Seattle Sounders FC - Seattle's new MLS team!
Archived Articles Phinney Ridge Neighborhood Guide Seattle Auf Deutsch - Your German Resource in Seattle
Seattle Sounders FC - Seattle's new MLS Team!
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© Copyright 2006 Alex Eckardt • All Rights Reserved • Legal Notices Windermere Real Estate Company • 301 NE 100th Street, Suite 200, Seattle, WA |
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