Posts Categorized: Real Estate Market Updates

Real Estate Market Update!

Real estate sales are booming in King County. Sales are better than seen since 2000, surpassing the hey-day of 2006!

If you’re looking to sell your home or you are looking to buy, please check out our listings and give me a call: Rosie Rourke, John L Scott, 206.719.5870.

Short Sales are down 10%!

In helping our buyers and sellers we are pleased to report we do not come across as many distressed sales as we did in the past.

A distressed sale, also known as a short sale, is where the the owner owes more than the market can bear. Distressed sales bring home values down.

In 2012 the 98058 Fairwood Renton ZIP code market reported 20% of the market were short sales.

In 2013 it was 17%.

Excited to report that in 2014, it is only 10%!

Seattle Makes the Forbes List

View of downtown Seattle and train stationForbes magazine ranks Seattle #9 for “best places for business and careers.”

“To gauge the best places for business in the U.S., we (Forbes) rate the 200 largest metro areas on a dozen factors related to jobs, costs (business and living), income growth, quality of life and education of the labor force.”

I feel the shift happening to a stronger economy. Look around at all of the new construction — commercial and residential. All tell-tale signs that we are BACK!