Seattle: Properties for Sale Receive Up To 30 Offers

According to HousingWire, a large number of residents in Seattle and the Puget Sound region work at high-paying jobs for companies like Google, Facebook, and Amazon, to name a few. Most of those workers saw their net worth increase in the past year, and they chose to invest much of that new money into real estate.

That’s why, says Realtor.com, the average asking price for a home in Seattle is around $750,000 — up 3.4%, year over year. The median sale price is even higher, at $795,000 with winning offers at 10% to 20% above asking price with up to 30 offers per home. It’s definitely a seller’s market! To combat this, buyers should make sure they have all of their financial ducks in a row before considering home shopping.

If you’d like more information about buying or selling a home, give me a call at 206.778.3829 and let’s walk through your options!