A little Real Estate, a little fun in the sun. Here’s what we’re up to in May!
WHAT IS THIS ORB IN THE SKY AND WHY DOES IT MAKE US SO HAPPY? We are loving this weather! As the temperature rises so does the activity in the real estate market. Here’s a couple quick April stats for the Seattle residential market (a good example for the overall state of the regional market):
April saw a total of 886 new listings, a tick up from 812 in 2017
The market is picking up speed heading into the summer months with April showing 750 homes under contract, from from 721 last year
As with under contract homes, sales rose from 666 last year to 684 in April
The average sales price for residential homes in Seattle was $822,283, up from $718,375 this time last year.
What does this all mean? Essentially we are seeing a normal seasonal shift in the market with slightly more inventory than last year.
“How does this effect me?” For homeowners its a great sign. Seattle home prices are up over 16% from last year. It can be a tough time for buyers but we are seeing more inventory (new listings) coming online which could make it easier to get into the market as a buyer.
Do you want a professional price opinion on your home? Request one by visiting www.seattlehousevalution.com to request your free valuation. Don’t worry… we aren’t going to badger you about selling your home. We just like helping our friends!
Where you can find us having fun this month!
Ballard Jazz Festival
Great music all over Ballard. Take the family to the picnic or art walk… or jam out at a 21+ evening out at the Conor Bryne Pub. Either way we’ll be listening to some jazz tunes!
Real Estate on a Local Level
Seattle is a big place (duh) and sometimes the market can get a little too overwhelming. Check out the links below to see whats on the market in more specific communities! Not seeing the city or neighborhood you are interested in? Shoot us a quick message and we’ll get the community search set up for you right away!