Wednesday, April 25, 2012

Multiple Offers, Bidding Wars, Pre-Inspections - It's NUTS out there!

Seemingly overnight we are back in a very competitive market for Buyers in certain popular neighborhoods throughout the Seattle area.  I saw glimpses of this starting back in very early February, but just within the last 6-8 weeks it has gotten absolutely nuts!  I've been involved in 4 different multiple offer situations within the last 2 weeks, and more than 6 within the last month.  I'm seeing certain homes sell for potentially up to 15-20% over the asking price with 8-16 or more offers and the majority of Buyers are completing pre-inspections to make their offers stronger.  Our listing prices on move-in ready homes in desirable areas are obviously going to start rising as a result of this madness.

It is GREAT for Sellers but exhausting and heartbreaking for Buyers that are struggling to get into a home in our popular close-in neighborhoods.

Hopefully our inventory levels will start to pick up as more and more Sellers realize it IS a good time to sell.  We could use a little more balance right now in our Seattle real estate market that's for sure!

Sunday, April 22, 2012

Adorable Home near Licton Springs Park Just Listed!

Just listed this adorable home just a few short blocks to Licton Springs Park for $375,000.  The beautifully updated spaces feature 3 bedrooms, 1.75 baths, plus a finished basement with a possible 4th bedroom and rec/media room. Lots of original charm with hardwood floors, coved ceilings and more. New appliances, windows and doors. It also features a large, prviate backyard with extensive landscaping, patio and shed. Quiet location close to parks, movies, grocery, Green Lake & convenient access to I-5 or 99. 

There will be an open house TODAY, Sunday, April 22nd from 1-4pm.
10024 Interlake Ave N.
Seattle, WA  98033