WSJ Discussion: Sales Climb, Prices Slip, Waterfront Sales Up

I had a chance to speak again this week with Mitra Kalita at the Wall Street Journal about the Spring real estate market, and they're seeing a wide variety of changes in the market.  While sales are up across the board, prices still seem to be slipping in many areas of the country.  That being said, the increase in sales volume is a welcome change, especially in the luxury and waterfront category.  We talked specifically about the 15% increase in waterfront real estate sales in Seattle and the Eastside to start the year, and how cash buyers and relatively low prices have really been moving the luxury category forward.

Increased sales are needed to form a pricing base and settle the market into a flat pricing period.  We're headed that direction in waterfront home sales and the general market at the moment.

WSJ Article - Sales up, prices slip, waterfront sales up

  • April 21 2011 - Alki
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Answers (3)

The slow climb back.... is starting
  • April 22 2011
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Sounds like good news to me! Thanks Sam.

  • April 22 2011
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We certainly have quite a bit of distressed property to work our way through, but at least sales are starting to lessen that inventory.
  • April 23 2011
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