By: Tony Meier
I was reading the front page of the Seattle Times today. The article was titled "Scales tip in favor of the home buyers". See it here… While this may be true in some areas. One thing is for sure it is not true in all! When looking at each individual area in the Puget Sound Region you will find areas and price ranges that are hotter than others. For example, if you want to buy a home in East Bellevue under 1 million, the market is clearly in favor of the seller. Click on the image below for a larger version.
If you look at the same time frame but go south to Kent, you will find a market that is more balanced on the low end and in the upper ranges clearly favoring in the buyer. Click on the image below for a larger version.
This is one of the reason you cannot generalize about the real estate market. Having been in real estate for over 18 years, I have always payed attention to how the press reports on the market. There has been an extreme tendancy to "paint it all" with the same brush – to generalize it to one simple headline. The reality is, there is no national real estate market or even a local market that is all the same.
So how’s the market in your area… it depends. If you would like to know more about the nuances of the Seattle area’s real estate market, I welcome you to contact me.
Seattle’s Eastside Real Estate Resource
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