Curious what happened in the Real Estate Market in the past month? Check out our JAN 2020 NW Real Estate Market Update
𝑪𝒖𝒓𝒊𝒐𝒖𝒔 𝒘𝒉𝒂𝒕 𝒉𝒂𝒑𝒑𝒆𝒏𝒆𝒅 𝒊𝒏 𝒕𝒉𝒆 𝑵𝑾 𝑺𝒆𝒂𝒕𝒕𝒍𝒆 𝑹𝒆𝒂𝒍 𝑬𝒔𝒕𝒂𝒕𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝒊𝒏 𝒕𝒉𝒆 𝒑𝒂𝒔𝒕 𝒎𝒐𝒏𝒕𝒉? 𝑳𝒆𝒕 𝒖𝒔, 𝒚𝒐𝒖𝒓 𝑩𝒂𝒍𝒍𝒂𝒓𝒅 𝒕𝒐 𝑩𝒓𝒐𝒂𝒅𝒗𝒊𝒆𝒘 𝒆𝒙𝒑𝒆𝒓𝒕𝒔, 𝒇𝒊𝒍𝒍 𝒚𝒐𝒖 𝒊𝒏. 𝑻𝒉𝒊𝒔 𝒘𝒊𝒍𝒍 𝒉𝒆𝒍𝒑 𝒚𝒐𝒖 𝒎𝒂𝒌𝒆 𝒊𝒎𝒑𝒐𝒓𝒕𝒂𝒏𝒕 𝒉𝒐𝒎𝒆 Buying 𝒂𝒏𝒅 Selling 𝒅𝒆𝒄𝒊𝒔𝒊𝒐𝒏𝒔.
January was 100% a Seller’s Market. House Inventory was very low, while Buyer demand remains high (especially with those phenomenal interest rates being offered right now.)
One reason inventory is so low, is that would-be-Sellers feel stuck. They want to move to a new home, but can’t afford to buy until after they sell.
If this sounds like you, check out the 𝗪𝗶𝗻𝗱𝗲𝗿𝗺𝗲𝗿𝗲 𝗕𝗿𝗶𝗱𝗴𝗲 𝗟𝗼𝗮𝗻 Program. It is designed to help those in that exact position.
Visit www.brennerhill.com/blog/windermere-bridge-loan/ to learn more about it!
If you’re thinking abour selling your home in Seattle, right now is the perfect time!
Click here to get a 𝗙𝗿𝗲𝗲 𝗪𝗶𝗻𝘁𝗲𝗿 𝗦𝗲𝗹𝗹𝗲𝗿’𝘀 𝗚𝘂𝗶𝗱𝗲
Are you thinking about selling your home this year in Seattle? If so, listen up.
We are back to multiple offers and bidding wars as January heats up to a seller’s market.
We are definitely in a seller’s market in Northwest Seattle. And why is that? It’s a very simple supply-and-demand issue. New homes coming on the market have not been able to keep up with buyer demand. We started the year off with only 104 homes available for sale in Northwest Seattle. Compare that to 170 homes available at the beginning of the year in 2019. So, right out of the gate, we are down 43%, which is a huge difference.
Inventory levels were then compounded by the fact that only 120 new listings came on the market in January. Again, comparing that to 182 new listings in January 2019. This year’s new listings are down by about a third. More homes sold in January as compared to last year by 24%. So, all of these numbers contributed to our robust January seller’s market.
So, you might be asking yourself, “Why the drop in inventory?” When we are in a market of high demand and low supply, one of the big factors that keeps inventory levels down is that would-be sellers who want to sell and transition to another home locally feel stuck. They’re scared. They know they can easily sell their current home, but are not sure that they can find a replacement home, and of course they don’t wanna be homeless. So, this compounds our supply issue and creates a barrier for typically our first-time home-buyers, who are so eager to enter the homeownership and lock in those phenomenal interest rates.
So, if this sounds like you and you’re feeling stuck but wanna make a move, there are some options that can help you make this transition. There are loan options out there such as our Windermere bridge loan or a cross-collateral loan just to name a few. Curious how the current Seattle real estate market affects you personally? Give us a call. We’re happy to help in any way we can.
So, please think of us as a resource for all things real estate. We are Steve and Sandra. Elevated service. Elevated results.
𝑨𝒔 𝒂𝒍𝒘𝒂𝒚𝒔, 𝒊𝒇 𝒚𝒐𝒖 𝒉𝒂𝒗𝒆 𝒂𝒏𝒚 𝒂𝒅𝒅𝒊𝒕𝒊𝒐𝒏𝒂𝒍 𝒓𝒆𝒂𝒍 𝒆𝒔𝒕𝒂𝒕𝒆 𝒓𝒆𝒍𝒂𝒕𝒆𝒅 𝒒𝒖𝒆𝒔𝒕𝒊𝒐𝒏𝒔, 𝒇𝒆𝒆𝒍 𝒇𝒓𝒆𝒆 𝒕𝒐 𝒄𝒂𝒍𝒍/𝒕𝒆𝒙𝒕 𝒖𝒔 𝒂𝒏𝒚 𝒕𝒊𝒎𝒆! 𝑾𝒆’𝒓𝒆 𝒂𝒍𝒘𝒂𝒚𝒔 𝒉𝒆𝒓𝒆 𝒕𝒐 𝒉𝒆𝒍𝒑!
📲𝑪𝒂𝒍𝒍 𝒐𝒓 𝒕𝒆𝒙𝒕 𝒂𝒏𝒚 𝒕𝒊𝒎𝒆 (c) 𝟮𝟬𝟲-𝟮𝟳𝟭-𝟳𝟭𝟬𝟬