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It's Time to Sell in Auburn, WA!

By
Real Estate Agent with RE/MAX Realty South WA State: 75600

It's Time to Sell in Auburn, WA!

Did you know? ...

Þ It's Time to Sell in Auburn WA!In January ‘12, the median house price of Auburn addresses was $224,745?

Þ In January ‘13, the median house price in Auburn was $259,780?

Þ In January ‘12, there were 260 Active listings*, and 56 closed sales in Auburn?

Þ In January ‘13, there were 147 Active listings*, and 92 closed sales in Auburn?

Þ In 2012, Auburn closed sales were 16% short sales, 19% bank-owned properties, 28% new construction homes, and 37% traditional sales?

Þ In January ‘13, Auburn closed sales were 19% short sales, 17% bank-owned, 37% new construction, and 27% traditional sale homes?

Þ On February 11, 2013, there were only 243 Active home listings in Auburn —  47 short sales, 17 bank-owned, 98 new construction, and 73 traditional resale   just over a 2½ month supply of homes!

To put this in perspective -- I have a client looking for a starter home that's in good enough shape to qualify for VA financing. One level for this disabled veteran -- no stairs. He really wants to live in Auburn to be close to family.

There are a total of eight homes in his price range, of which only two could be possibilities for financing. TWO! ... A quick call to those listing agents? They've received multiple offers and are deciding which to take.

That's a severe shortage of homes on the market in Auburn, WA!

Thinking of selling? This is the moment. It's time to sell. Let's get moving!

Posted by

Your Dedicated Realtor(r), ActiveRain Blogger, Seller, Buyer, and Short Sale agent working the Auburn, Kent, Renton, Maple Valley, Federal Way, Covington, Puyallup, Sumner, Bonney Lake, Lake Tapps, and north/northeast Tacoma areas. Visit my Web site too!

 

2011-2014 Five Star Professional's Best in Client Service and Client Satisfaction, as published in Seattle Magazine

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Hope the price increases remain steady in 2013.  Good Luck,

Feb 13, 2013 02:01 AM
Paul McFadden
Responsive Pest Control - Seattle, WA
Pest Control, Seattle, WA.

Yes, indeed! Thanks for the report!

Feb 13, 2013 03:14 AM
Gabrielle Nemes
RE/MAX Realty South - Tumwater, WA
206.300.8421, S King & Pierce County RE Advocate

Edward & Celia: -- Me too, me too!!!! I'm thinking 2013 will be a nice recovery year for sellers. But for some of these buyers (especially the one I referenced), waiting unsuccessfully for a couple of short sales to close in 2012 may have cost him his chance to get the type of home he really wants!

Hi Paul! -- Thanks for stopping by. And yes, the shortage is getting a bit critical around the edges (like this one).

Feb 13, 2013 05:59 AM