Hi all: I've been noticing and witnessing some interesting things about the Seattle, WA. real estate market recently.
First, the market is not dead. It isn't robust either but here's the interesting thing. My realtor friends are seeing multiple offers on well-priced properties. Most are in the distressed category and will probably take at least 60 days to close if they close at all.
But I am seeing and hearing about increased buyer interest. I think that's a good sign. Couple that with some builders either building small projects or getting interested in financing again and I think you have a long-term recipe for success.
How long will it take before we have a more normal market again? I think it still may be a couple of years but the trends are encouraging. At least we're moving in the right direction.
The Seattle area was never hit as hard as say Las Vegas or Miami but we still have plenty of foreclosures to go around. Over time these too will dissipate and we can get back to business as usual. Thanks for reading! If you have further questions feel free to
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