How hot is the Seattle real estate market?

"Old" house

Sold in 4 days.

Sold in 5 days.

 

Here’s a story that will illustrate how quickly homes sell in the Seattle area right now.

My clients, N & E, called me on January 6th to discuss the possibility of selling their North Beacon Hill home in order to buy a new one that better met their changing needs.

After identifying and completing some minor tasks needed to get their home ready for market, they listed it with me on Thursday, Feb. 13th.

By Sunday, Feb. 16th, we had 5 offers; each buyer had invested in a pre-inspection so they could submit their offers without a inspection contingencies. The next day, N & E (digitally) signed one of the offers while they were vacationing in Hawaii! When they got back to town the following Sunday, we went house shopping for them.

That night, we found their perfect home. It had only been on the market for 2 days. The next day we wrote an offer…and so did 2 other prospective buyers. Happily, we won out and the sale closed on March 21st.

If you’re counting, that’s 13 days from putting their house on the market to signing an offer on their new house, and just 27 days from listing their old home to closing on their new home.

Give me a call if you’d like to discuss your options. 206-708-9800.

Posted by Alice Kuder on April 16, 2014

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