Market Update
We are in a seller’s market. In some select markets we are seeing bidding wars but nothing near as frantic as last year. However, in some markets, houses are still sitting a little longer before they sell and there are still price reductions happening.
As a seller, it is really important to price your home right for the demand in your neighborhood and the type of property you are selling. Also, if your home isn’t in tip-top shape and has a lot of deferred maintenance, expect buyers to pass on your home.
Buyers are very picky and cautious. Buyers have more time to find the home they want than last year and have some negotiating power, but they are facing competition from other buyers as inventory remains low.
Cool app / website
The desktop app and mobile web app “Seattle in Progress” track what is being built in Seattle. Some features require a subscription. Users can find both proposed projects and under construction projects, view 3D architectural renderings, and learn how to help shape development in their neighborhood. A calendar lists upcoming design review meetings. It covers both proposed and permitted commercial and residential construction in the city of Seattle from the first day of permit application until construction is completed. Projects in the pipeline can be searched by type, size, permitting status, architect, developer, and other criteria. https://www.seattleinprogress.com/
We’d love to hear from you
Any questions, comments, or feedback? Contact us any time.
The start of the Spring Market, which is usually the busiest time in the real estate market, is only a month away. It’ll be interesting to see what the market has in store for our clients this year.
Thank you,
Kerstin ❄ Krisanne
Brooks & Heinze Team at Skyline Properties, Inc.
Kerstin Brooks: 206.276.5827 & Krisanne Heinze: 206.920.2541
Email: info@propertyinseattle.com
Kerstin G. Brooks, Broker 