Buyer’s Settling in and Seller’s Moving UP

If you’re a current Home owner does it make sense to sell in a buyer’s market? Is now the right time?

Of course it does just do the math. With all the pieces of the puzzle in play (tax credit, low interest rates, low home prices) it can be very beneficial to sell your home in today’s market. If you look at it from just a sellers perspective and say I’ll be losing money if I sell my home now think about it from a buyer’s perspective because that’s what you’ll become once you sell your home. Buyer’s are looking for one heck of a deal and want the world and once you sell your home you can do the same.  Would you sell your home and take a $40k-$50k loss if you could purchase the home of your dreams that was a $100k more 2-3yrs ago and the interest rates were higher? Do the math, the investor’s are.

The increase in activity in the first time home buyer range has also fueled an increase in the activity for those looking to move on up like the Jefferson’s. There are plenty of people who have seen the logic in taking a loss know for what becomes a step in the right direction for the future. A step closer too or that step into the home of their dreams, the right home at the right price. How many times in your lifetime or near future do you think that the housing market is going to go through times likes this? Do you think that the prices of homes throughout King County and in greater Washington are ever going to be this affordable again? Do you think that interest rates are going to remain this low for much longer?

With the tax credit deadline of November 30th getting closer, summer ending and the new school year approaching now is the time to take action and make that move if the math makes sense to you and you family.

Statistical Summary by Counties: Market Activity Summary – August 2009

August 2009
Single
Family
Homes
+ Condos

LISTINGS

PENDING
SALES

CLOSED SALES

New
Listings

Total
Active

# Pending
Sales

#
Closings

Average
Price

Median
Price

King

4261

13589

2777

2161

$431,446 $401,500
Snohomish

1711

5659

1164

858

$315,288 $332,500
Pierce

1781

6101

1251

903

$258,259 $255,000
Kitsap

524

2081

359

290

$295,955 $266,500
Mason

162

854

78

58

$214,944 $195,000
Skagit

256

1401

141

116

$263,866 $259,995
Grays
Harbor

196

953

65

53

$146,772 $169,900
Lewis

157

779

90

63

$184,635 $189,900
Cowlitz

148

693

82

68

$162,200 $199,425
Grant

160

737

71

47

$183,073 $165,000
Thurston

607

1881

396

284

$275,278 $256,326
San Juan

47

522

23

18

$498,328 $497,500
Island

233

1260

112

89

$278,500 $255,200
Kittitas

126

678

65

41

$234,689 $218,499
Jefferson

105

632

32

20

$281,662 $275,000
Okanogan

65

411

30

26

$181,875 $130,000
Whatcom

513

2066

324

252

$296,557 $265,000
Clark

93

368

66

55

$252,763 $245,000
Pacific

84

438

33

29

$155,047 $144,000
Others

252

1217

120

96

$220,258 $188,950
MLS TOTAL

11,481

42,320

7,279

5,527

$334,761 $310,000
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