JAN 2020 NW Real Estate Market Update

Curious what happened in the Real Estate Market in the past month? Check out our JAN 2020 NW Real Estate Market Update

๐‘ช๐’–๐’“๐’Š๐’๐’–๐’” ๐’˜๐’‰๐’‚๐’• ๐’‰๐’‚๐’‘๐’‘๐’†๐’๐’†๐’… ๐’Š๐’ ๐’•๐’‰๐’† ๐‘ต๐‘พ ๐‘บ๐’†๐’‚๐’•๐’•๐’๐’† ๐‘น๐’†๐’‚๐’ ๐‘ฌ๐’”๐’•๐’‚๐’•๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐’Š๐’ ๐’•๐’‰๐’† ๐’‘๐’‚๐’”๐’• ๐’Ž๐’๐’๐’•๐’‰? ๐‘ณ๐’†๐’• ๐’–๐’”, ๐’š๐’๐’–๐’“ ๐‘ฉ๐’‚๐’๐’๐’‚๐’“๐’… ๐’•๐’ ๐‘ฉ๐’“๐’๐’‚๐’…๐’—๐’Š๐’†๐’˜ ๐’†๐’™๐’‘๐’†๐’“๐’•๐’”, ๐’‡๐’Š๐’๐’ ๐’š๐’๐’– ๐’Š๐’. ๐‘ป๐’‰๐’Š๐’” ๐’˜๐’Š๐’๐’ ๐’‰๐’†๐’๐’‘ ๐’š๐’๐’– ๐’Ž๐’‚๐’Œ๐’† ๐’Š๐’Ž๐’‘๐’๐’“๐’•๐’‚๐’๐’• ๐’‰๐’๐’Ž๐’† Buying ๐’‚๐’๐’… Selling ๐’…๐’†๐’„๐’Š๐’”๐’Š๐’๐’๐’”.

January was 100% a Sellerโ€™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 canโ€™t afford to buy until after they sell.

If this sounds like you, check out the ๐—ช๐—ถ๐—ป๐—ฑ๐—ฒ๐—ฟ๐—บ๐—ฒ๐—ฟ๐—ฒ ๐—•๐—ฟ๐—ถ๐—ฑ๐—ด๐—ฒ ๐—Ÿ๐—ผ๐—ฎ๐—ป 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 youโ€™re thinking abour selling your home in Seattle, right now is the perfect time!

Click here to get a ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ช๐—ถ๐—ป๐˜๐—ฒ๐—ฟ ๐—ฆ๐—ฒ๐—น๐—น๐—ฒ๐—ฟโ€™๐˜€ ๐—š๐˜‚๐—ถ๐—ฑ๐—ฒ

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 sellerโ€™s market.

We are definitely in a sellerโ€™s market in Northwest Seattle. And why is that? Itโ€™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 yearโ€™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 sellerโ€™s market.

So, you might be asking yourself, โ€œWhy the drop in inventory?โ€ 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. Theyโ€™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 donโ€™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 youโ€™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. Weโ€™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.

๐‘จ๐’” ๐’‚๐’๐’˜๐’‚๐’š๐’”, ๐’Š๐’‡ ๐’š๐’๐’– ๐’‰๐’‚๐’—๐’† ๐’‚๐’๐’š ๐’‚๐’…๐’…๐’Š๐’•๐’Š๐’๐’๐’‚๐’ ๐’“๐’†๐’‚๐’ ๐’†๐’”๐’•๐’‚๐’•๐’† ๐’“๐’†๐’๐’‚๐’•๐’†๐’… ๐’’๐’–๐’†๐’”๐’•๐’Š๐’๐’๐’”, ๐’‡๐’†๐’†๐’ ๐’‡๐’“๐’†๐’† ๐’•๐’ ๐’„๐’‚๐’๐’/๐’•๐’†๐’™๐’• ๐’–๐’” ๐’‚๐’๐’š ๐’•๐’Š๐’Ž๐’†! ๐‘พ๐’†โ€™๐’“๐’† ๐’‚๐’๐’˜๐’‚๐’š๐’” ๐’‰๐’†๐’“๐’† ๐’•๐’ ๐’‰๐’†๐’๐’‘!

๐Ÿ“ฒ๐‘ช๐’‚๐’๐’ ๐’๐’“ ๐’•๐’†๐’™๐’• ๐’‚๐’๐’š ๐’•๐’Š๐’Ž๐’† (c) ๐Ÿฎ๐Ÿฌ๐Ÿฒ-๐Ÿฎ๐Ÿณ๐Ÿญ-๐Ÿณ๐Ÿญ๐Ÿฌ๐Ÿฌ

JAN 2020 NW Seattle Real Estate Market Update
Connect With Us!

If you're looking to buy or sell a property connect with us today!

How Can We Help You?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.
    (check all that apply)
  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *