Tag Archives: open house

Monday Market Report

The media has been saying “the market is slowing down.” So have my colleagues. I even said a few weeks ago that we’re seeing a market adjustment. But this is not what I’m seeing right now.

I had 2 open houses this weekend on my new Ravenna listing and both were packed. I expect we may see multiple offers or even take an offer early.

Buyer clients of mine went to an open house yesterday in Bothell. They said it was busy. When I spoke with the broker for that listing last night, he said he had 90 people through on Saturday and around 50 on Sunday. And that’s in Bothell.

Buyers are out there for your home. There’s no need to wait until after Labor Day. Usually the last 2 weeks of August are slow in Seattle, but not this year. Maybe because of the smoke and weather change people are coming out. Maybe because interest rates dropped a tiny bit last week. I don’t know why but the market is very active right now.

I expect we’ll see an influx of listings after Labor Day. Talk to me soon if you’re interested in buying or selling a property.

The Buyers Are Out There

Sellers – There are buyers who want to buy your house. Let me share a story from this past weekend.
I held a lovely home open on Sunday.

The home was a 3 bedroom, 1.5 bathroom in the little known neighborhood of Haller Lake. 1630 sq. ft on a 9200 sq. ft lot. Listed for $525,000. I usually track the number of groups who come through, but today it was impossible as there were so many – at least 20 in the first half hour. I’d guesstimate at least 60 groups came through which equates to more than 120 people (groups ranged in size from 2-6). At one point I counted 13 pairs of shoes by the front door, with several additional people wearing booties. If I were a betting person, I’d bet money that this home will receive at least 10 offers and will sell significantly above the list price.

If you’re interested in learning more about the market, as either a buyer or a seller, give me a call and let’s talk.