It will still sell quickly. While the average days on market in Seattle for a single-family home in July was 26, my Wallingford listing just sold in 7 days with multiple offers.
As you work with your real estate broker to price your home, it’s important to find the sweet spot – that is, the spot that is likely to bring in the most buyers. The sweet spot means you’re in the market, not on the market.
For more information on selling your home or the real estate market, please call me at 206-790-0081 or email Jamie@JamieFlaxman.com.
I’m excited to announce my latest listing in Seattle’s Wallingford neighborhood. This home, built in 1941, has 3 bedrooms and 2 1/4 bathrooms and is move-in ready. It is listed for $850,000. Check out the video or the detailed listing.
Gardeners will love the yard (seller is a member of the Garden Club). Wonderful bonus space in the basement – a perfect spot for the weekly poker game or movie night. Space for a huge wine cellar as well. Home is seismic retrofitted and has lots of storage.
The location is phenomenal, just blocks to all that Wallingford offers, including:
Dining at places such as Pablo y Pablo, Bizarro’s, Dick’s Burgers, Tutta Bella, Molly Moon’s Ice Cream, and many local breweries
Near bus routes 26, 31, 32, 44, and 62
Summer Farmers Market at Meridian Park
Community organizations such as Seattle Public Library, Wallingford Boys & Girls Club, Wallingford Senior Center, and the Good Neighbor Center
Schools nearby include Hamilton Middle School, Lincoln High School, BF Day Elementary, John Stanford International School, and Meridian School
Wallingford Park with tennis courts, playground, and wading pool across the street
Please stop by an open house to check out the home:
Seattle prices continue to decline slightly for single-family homes, with a 4.6% decrease from the first quarter of 2018 to the first quarter of 2019. However, it’s important to note that we hit the peak of our market in spring 2018, so prices were near their highest point last March. Condos are where we’re seeing the biggest changes, with a significant amount of inventory on the market and a 9.6% decrease in prices. With our increased inventory we’re seeing that the number of days it’s taking a property to sell has increased substantially. But for properties priced properly, they are selling quickly, often on the first day it comes on the market and often with multiple offers. Yes, multiple offers are back, and not just 2 or 3 offers, but more than 10 on many properties.
What does this mean for you? If you’re a homeowner considering selling your property, do NOT overprice. Price is the number one determinant of buyers coming to see your home and placing offers. Overpriced homes will sit on the market. And as we’re now in spring, the busiest time of the year for our real estate market, do not wait to list your home.
Buyers, this is a great time for you. With the increase in inventory, you have many more choices. Interest rates are the lowest they’ve been in the past 12 months, so your money will go further right now. It’s definitely the time to buy.
Let’s talk about your real estate needs. Give me a call at (206) 790-0081 or email me.