2019 KICKS OFF WITH A FLURRY OF BUYERS EMERGING FROM THE SIDELINES, EXCITED ABOUT LOWER INTEREST RATES AND NEW INVENTORY

 
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  • Pending sales UP in 7 counties, including King County at 7.5%, and Snohomish at 3.8%.

  • NEW listings incite Buyers to go shopping: Inventory up 161% from January, 2018. 

  • Interest rates are the lowestsince March, 2018.

  • Amazon, Google, Facebook, WeWork, Expedia, Apple among other tech giants continue to expand/lease/purchase commercial real estate on the Eastside and Seattle.

  • Our job growth continues to be the strongest in the nation, with 96,000 jobs added in the last year, at a growth rate of 2.9%.

  • My Insider Advice: Buyers get pre-approved and financing in order NOW to be able to move quickly when “that home” is listed.

  • Sellers: Your listing strategy is crucial with 10-12% increase of inventory expected by April.Presentation (staging, excellent photography, digital presence) and pricing it for 2019 conditions (not 2018) are big factors. 

 
Caitlin Coakley