Home Prices in Seattle's Victory Heights up significantly
Real estate market data for Seattle's Victory Heights neighborhood, provided by Adrian Willanger of Coldwell Banker Danforth.
Victory Heights Home Prices
We have seen 21.3% increase in prices in Victory Heights from a year ago (1/2016) home prices in Victory Heights and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Victory Heights but having a good real estate Broker who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have a Broker that does a thorough market analysis of the Victory Heights home on which you are making an offer.
If you are interested in how much current inventory on the market in Seattle's Victory Heights neighborhood you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in the Victory Heights neighborhood, homes have a average time of 8 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Victory Heights has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
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Victory Heights Real Estate Report Summary
The average sales price in January 2017 for single family homes in Victory Heights is $621,271 down Free market report slightly from December's high water mark of $625,729.
The average price per square foot for sales in this area is $317.
Homes are selling for an average of 106% of their asking price.
Find Homes for Sale in Seattle's Victory Height neighborhood
Visit my website to search for homes in Victory Heights or to be notified when a home comes on the market.
To find out what you home is worth in the current market email me or call 206 -909-7536.