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Seattle Sales continue to do well, espeically in the luxury market

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Rebecca Carlson, "Rebecca finds homes"

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A few weeks ago, I posted a story about how the luxury market in Seattle did well in July.  In today's Seattle Times, the front page story was about "hot" sales in August.  According to the article, August was another great month for the market all around, but especially the luxury market in both Seattle and the Eastside.  While we know the 1st time home buyers have really been driving the market thanks to the tax credit, it's great to hear that the market is improving at all price points!  Which areas have seen the biggest jump?  West Bellevue/Medina and Queen Anne have seen the biggest jump in sales.  And, for the first time in a long time, there seems to the makings of a sellers market - more buyers than homes available. 

Where are some of the Seattle neighborhoods I see pent-up demand?  N. Capitol Hill and Mt. Baker are tops on my list.  There are big gaps in desirable homes priced between $900K - $1.2M in these neighborhoods and lots of buyers driving around waiting for their "move up" home.
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September 05 - Seattle
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Roberto Ribas, "azrob"

Real Estate Agent

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total BS.

Seattle has stabalized for a few months, (after falling for a couple years) due to:
1. foreclosure moratoriums
2. 8k credit for new buyers
3. FED keeping longer term rates down by buying fannie/freddie bonds.

So, with billions of dollars dumped into housing, it has merely stabalized. What happens after these billions in stimulus disappear???

ALL THREE of these programs are ending in a few months.

Pent up demand? hahaha, more like pent up foreclosure supply coming.

I back up what I say with facts...
LINKY
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September 05
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Diane Tuman, "dianetuman"

Seattle, WA

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Please take a look at the Local Pages Info we have on Seattle and on most major markets. We have TONS of data on the housing market - from negative equity to foreclosures to number of homes sold. For example, here's a look at East Queen Anne where MoM sales of homes were up 12.5%.

Once you find the market you want to learn about, click the "Home Values" link on the left and you can slice and dice the data many different ways.

Take a look!
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September 09
 

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