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Windermere Real Estate Co.
Welcome to Friday! I’m dipping my toe back into our local market as I prepare to re-enter post vacation next week. In taking a look at our March Seattle Reports, these are the digestible bites I have noticed…
Ps, Feel free to leave a “comment” in the comment box (upper left hand corner of FWL blog) in what you’ve noticed…I’m curious what you’ve noticed?!
***I’ll call each of you next week if you leave a comment – let’s connect!***
MARCH MONTHLY TALKING POINTS
Seattle (based on Residential and Condominium report):
Seattle (based on Residential and Condominium report):
Active inventory rose 6% to 600 properties but buyers experienced no relief with the median price increasing 15.7% from March 2017 to March 2018 ($730,000 from $630,900).
Well over half (60%) of the 766 properties that closed in March sold for over asking price. The median amount above list price was 10%.
82.4% of the closings had Days on Market of less than 15 days.
Who a buyer hirers can be the difference of owning a property or not.
4.44% interest rates are 0.63% higher than 2017 low of 3.81% (September 2017).
For the FULL reports for both Seattle + Eastside – click here
password updated || wreapril
I’ll be back in the offices next week post Spring Break! I’ve enjoyed goofing off with these fine people in Disneyland and Palm Spring – hot, hot, hot!
Laura Smith, General Manager | Windermere Real Estate Co.
Ballard + Eastlake + Madison Park + Northgate + Sand Point + Wedgwood
