Jason's Blog February 19, 2013

Home Prices in Seattle Washington for January 2013


Home Prices in Seattle Wa for January 2013

Home Prices in Seattle Wa for January 2013

Real Estate market data for Seattle, Washington provided by Jason E. Cook of Windermere Real Estate/East Inc.

Seattle home prices 

-748 pending sales in January, up 17% from last year and 3rd highest, for January, ever.  Do not buy into the mindset that the reduced inventory equates to inability to find a good home.  The market proves otherwise. 

-Seattle inventory is down 47% year over year.  Do you see that as a problem or an opportunity?  My view is that a meaningful opportunity exists for both the seller and the buyer.  My job and responsibility, since I truly understand the market, is to connect and educate those that might be best served by taking action now.  



Buyers in this market are:

-Move up buyers.   
-Solidly employed Gen X and Y's who want to secure a long term fixed housing cost and the benefits of home ownership vs. annual rental price growth, which is approximately 5% locally today.   
-People who wanted to sell, or maybe tried to sell over the last 5 years, but it did not pencil.  Today it might.  How excited are people that put life on hold for financial reasons, to learn that they have choices that they might not have realized? 
My goal is to provide market data and strategies for you to take advantage of current market opportunities.

The Median closed price in January for single family homes in Seattle is $422,953.  The closed price increased by 13% from 2011.
The total number of active listings were 974.  This was down from 2012 which had 1,128 actives listings in just one year.  A 44% decrease.  But what does that mean to me?  It means LESS supply!  
The Total number of closed sales for January 2013 was 384.  This is up 6% from January 2012.  Bottom line, there is very little homes for sale, buyers are still buying, and prices are rising! 

Find Homes for Sale in Seattle, WA

Visit my website to search for homes in Seattle or to be notified when Seattle homes come on the market.
To find out what your home is worth in the CURRENT market email me or call             206-280-1911