Maple Leaf Home sales and prices up in 2012
The home selling climate in Seattle’s Maple Leaf neighborhood is very reminiscent of the 2005-2006 real estate market. For those of you new to the area that’s when just about every property on the market in the Seattle area received multiple-offers within a very short period of time. Homes were bit up and prices we’re going through the roof.
Recapping the 2012 real estate market in Maple Leaf
the number of closed home sales in Maple Leaf increased 30% from 120 in 2011 to 156 in 2012. Sellers were also getting more for their homes, the average sale to list price in 2012 was 99,53% compared to the previously year’s 97.93% the average sales price in 2012 was $419,055 compared to 2011′s average of $400,330.
Buying in Maple Leaf
Many Buyers just weren’t prepared to compete in that wild market. First time Buyers got schooled quickly after losing out to more experience home shoppers. Home inspections were often done within hours of the listing coming on the market allowing.
To some extent we are seeing this in the Maple Leaf area. In the last 30 days there have been 6 closed single family home sales. With an average market time of 41 days, this is still a pretty brisk market when you factor in Christmas and New Years. Agents are reporting strong buyer activity at Sunday Maple Leaf open houses.
Home Buyers competing in this market need to be locked and loaded and ready to write an offer when they see something they like. Investing in real estate is not for the faint of heart, Buyers should be well versed in the area of their choice so they can identify a “good value” when it comes on the market. Having good agent representation is critical in strategizing the offer and getting it through closing.
For more information regarding real estate in the Maple Leaf Area in Seattle area contact Adrian Willanger @ 206 909-7536 with any questions you may have or visit my website.
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