Thursday, April 24, 2008
Last month the average home sold for $724,303 and the median sold for $715,000. The average is up 8% and the median is up 6% from February, but off 13% and 8% respectively from March of 2007.
View Listings This link is active for 30 days from date of posting. If it has expired and you'd like to view these listing contact Andrew at 206-930-8238 or info@AndrewLParker.com .
Thank you so much for all your assistance in selling my Condo last month. Dealing with real estate matters can be very stressful but your knowledge, courteous demeanor, and professional attitude guided me effortlessly through the maze. It was a most rewarding experience and I can't imagine having such a swift and successful sale without your help.
I shall recommend you as a Realtor with the highest level of integrity. May you have continued success.
To read other letters of recommendation for Andrew L. Parker go to: http://www.andrewlparker.com/testimonials.htm
Friday, April 11, 2008
Sellers who priced their homes right netted the most money from their sale. Below is a breakdown of the average sales price divided by the average listing price (% sp/lp). It is clear that the longer the home is on the market the less money a seller will net.
- 30 Days: 99.79%
- 31 to 60 Days: 98.15%
- 61 to 90 Days: 94.70%
- 91 to 120 Days: 97.08%
- 121+ Days: 95.96%
Seattle is still feeling the hangover type effects of the mortgage meltdown. I believe we are at the bottom and the market will start to work its way to better health.
As we approach summer the real estate market should improve. Although the average and median priced home for this area was down, I believe the real estate market is unlikely to crash in Seattle as it has in other areas of the country. In a recent article Forbes.com lists Seattle as the tenth best city for home sellers.