Hi there! Jason Cook, your neighborhood realtor with Windermere real estate. I am here with your how’s the market, update for November 2017! Well, I can tell you it is more of the same: prices increase, and inventory is still going down! in fact the median closed sales price here on the #Eastside, including #SouthBellevue, was up to $850,000!
Up 12% compared to 2016EASTSIDE.Residential.And.Condo.November.2017
Arroyo Heights Home for Sale | Offered at $1,000,000 | NWMLS #1073877
Home sales outgained new listings again in October, further squeezing already tight inventory and pushing prices higher. Since new listings traditionally decrease in the fall, that inventory shortage is expected to last until spring. Sellers willing to put their home on the market now can expect plenty of interested buyers, and a highly favorable chance of getting the best possible price for their home.
We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your house.
You have been anticipating this for nearly a day, and the time has finally come! Get your entry in now!
As I sit here sipping my Pumpkin Spice Latte I am inspired to get this contest rolling right now! You know what to do….. Jason E. Cook’s annual Pumpkin Carving/Decorating Photo Contest! Be Creative, inventive, frightening (no clown masks allowed), pumpkins can be carved or decorated!! Not creative? Need ideas? Bing it!
Here’s the Rules:
Such a wonderful company to work for! As the Official Real Estate Company of the Seattle Seahawks we are excited to announce the #WindermereFoundation will be donating $3,100 from last weeks game to YouthCare as a part of our shared goal to #TackleHomelessness. For each home game tackle by the Seahawks, Windermere will donate $100 to help provide essential services and support for homeless youth.
While homes prices were up by double-digits compared to a year ago, the market frenzy that has affected most of this year is showing some signs of moderating. With the exception of the Eastside, prices for most of the region were down from their peak. Home sales generally outpaced the same period a year ago, but a shortage of inventory continues to tip the advantage in favor of sellers.
There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to today.