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Seattle Real Estate: December 2008 Market Thoughts

By
Real Estate Agent with Cooper Jacobs

seattle real estateI have been working with a lot of Seattle buyers lately trying to find good Seattle real estate out there, but the choices are extremely limited right now!  I know that many of the houses on the market right now are great houses, but because of the giant media scares everywhere and longer market times, some sellers are deciding to not list their house for now.  I understand this decision and respect it, but it is still making it difficult for me to find my buyers the perfect house.  I liked it better when there were more choices earlier in the year.

  Now that we are in the December market 2008, many sellers are staying put and the competition to sell your house if you want to is much lower.  This is good for the houses on the market, but if they happen to not be a good fit for my client and your house would be, how about getting it back on the market and making my job easier, okay? 

Alright, in all seriousness, now is a good time to sell your house, but go ahead and get through the holidays so that you can relax a bit because having your house on the market is stressful even with the best agent.  Know that when you do get it back on the rates will most likely be even lower than they are today and the lending programs will have opened up a bit if all I am hearing is true.  The buyer pool will still be smaller than it has been in years because of larger down payment requirements and stricter guidelines, but more buyers are creeping back out as the rates go lower.  Even King 5 news said this weekend that it is a good time to buy.  They did this with no qualifications so if the media is jumping on board, you can be sure that more buyers will be out and about and they will want to see your house!

Cooper Jacobs Real Estate Services, Serving Seattle real estate and Seattle suburb real estate - Realtor, e-PRO, member Built Green.

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Courtney Cooper

Luxury Realtor | With Offices in Downtown, North Seattle, & Kirkland

Cooper Jacobs Luxury Real Estate

courtney@cooperjacobs.com 206-850-8841 

More About Me: 

Over two decades of real estate experience guarantees that you are in the best of hands, and I promise to always put your interests FIRST. I specialize in Seattle &  Eastside neighborhoods.  I am a natural waterbaby and love waterfront homes and Seattle houseboats and you can find me down on the docks of Lake Union and Portage Bay several times a week.   Other aspects of Seattle real estate that I adore include Queen Anne Real Estate,Wallingford Real EstateBallard Real EstateGreen Lake Real EstateLaurelhurst Real EstateMagnolia Real Estate, Medina Real Estate, and Seattle Waterfront Real Estate

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Comments (2)

Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

I firmly believe the best day out of the entire year to buy a home is on Christmas! Everybody is happy on Christmas. Sellers are overjoyed to accept offers -- more agreeable to negotiations, plus there is no competition because nobody else is out looking. :)

Elizabeth Weintraub Land Park Real Estate Agent in Sacramento

Dec 14, 2008 02:24 AM
Chris Olsen
Olsen Ziegler Realty - Cleveland, OH
Broker Owner Cleveland Ohio Real Estate

Perhaps re-orienting buyers that there is no such thing as a perfect house will help?  Sometimes when lack of supply exists, it's time for buyers to get more motivated, but perhaps that too is hard to do in this market.  Seattle must be a much stronger market than Cleveland.

Dec 27, 2008 08:31 AM