I talk a lot about West Seattle Real Estate, mainly because it’s where I live. If you live elsewhere in Seattle and would like to look at the Statistics for your area Send an email to JonathanMartin@Windermere.com. I would be happy to provide them to you.
Taking a look at these two charts we get a glimpse of our market here in West Seattle (98116, 98126, 98136).
Real Estate is a Supply and Demand game. With an average of 10+ months of “Supply” on the market. Pricing and Condition is key to selling your home. Location is definitely also a factor look at 98126. Why are the number of sold listings rising there and dropping in 98116 and 98136. Speculation leads us to the High Point Development. With all those brand new homes and the builders ability to lower the prices more than your average cash strapped home owner, thats where the action is. For the rest of us homeowners, Buyers are waiting out the Real Estate frenzy of the news media. Closings tend to lag the real decision process by about 30-45 days. These numbers really reflect the buyers of December rather than the buyers of January and February.
4 responses so far ↓
1 mark schwartz // Mar 3, 2008 at 3:06 pm
Now if we could just get jumbo loans up over $417,000, without the current restrictions we’ll have a chance of not losing too much steam in our eastside, Seattle market.
2 Bloomsbury property // Sep 9, 2008 at 3:12 am
Same situation in London- Bloomsbury property area also. can’t understand where to go from here .
3 Ras Al Khaimah property // Sep 16, 2008 at 1:14 am
You have briefly describe the market situation thanks .
4 jonathanmartin // Nov 20, 2008 at 3:19 pm
test comment
Leave a Comment