Puget Sound area home sales, prices still strong Home prices have “clearly recovered” in King County and a few other areas served by Northwest Multiple Listing Service. Many member-brokers say prices are likely to keep rising as a backlog of buyers competes for depleted inventory. … The price of a single family home (excluding condos) that sold in King County during December jumped nearly 15.5 percent, from $440,000 to $508,000, prompting OB Jacobi, president of Windermere Real Estate to comment, “If December told us one thing, it’s that home prices have clearly recovered in King County. Last month the median price for single family homes broke the pre-recession record of $481,000 that was set in July 2007.”
Another industry leader, J. Lennox Scott, chairman and CEO of John L. Scott, noted the 9.2 percent drop in King County’s pending sales during December, saying “The only reason pending sales dropped in King County was due to a lack of inventory.”
While the struggle is real for home owners in their search for something that is affordable in King county we are offering buyers the opportunity to view the shadow inventory selling every Friday on the auction steps at the king, Snohomish and Pierce county foreclosure auctions. We drive every house and have pictures as well as a full condition report on every home scheduled to go to the auction. With as little as 10% down we can take you down to the foreclosure auction and help you bid against the investors with deep pockets to find your dream home at a discount of between 10% and 20% of what you would pay on the NWMLS, today!
Author:Ky DeWald Phone: 206-409-3570 Dated: January 12th 2016 Views: 651 About Ky: With a decade of experience, Ky’s background in mortgage, finance, project management, negotiation...
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