Seattle Housing Market 2007

By
Real Estate Agent with Windermere

As you know, you can't go a half day without someone in the media telling us how the housing market is crashing all around us.

Luckily for those of us in the Pacific Northwest, the news is not near as bad as some other areas of the country. A recent article in the Seattle Times Business section showed that for the year 2007, Seattle area single family homes value actually went up!.

"Seattle's single-family homes appreciated a meager 0.5 percent in 2007 - and still that made it one of the standout markets in an otherwise dismal year" (seattle times) 

Now before we go complaining about it only being 0.5 percent, lets keep in mind that our friends in other areas would kill to have this problem!

Witness this from the same Seattle Times Article "Miami, which saw values decline 17.5 percent, was the largest loser, followed by Las Vegas, Phoenix and San Diego, where values dropped 15 percent"

What are some of you agents who live in the harder hit areas doing this year that is different than you were a year or so ago? I posted the #'s above because I know that even in a flat market like ours, it  has everyone around here working twice as hard as we did before when there seemed to be an offer on every listing before the ink dried on the contract!

How are you marketing things in Detroit? Florida? I would love to hear any new ideas that you might want to share with the rest of us.

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Rainer
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Patrick Johnson

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