Data, measurements, statistics, calculations. The different terms for real estate stats seem endless. You may hear these descriptions, but what use are they really and how are these numbers relevant to your transaction? One form of calculation is called the Absorption Rate. Also known as “the months of inventory based on closed sales,” it is a way of knowing how much time it would take to sell the homes currently listed. By using this form of calculation, you can determine whether it is a seller’s or buyer’s market. Studying the Puget Sounds’ low Absorption Rate will enable those selling to maximize their potential in today’s real estate market.
Local Real Estate, Real Estate Broker, Selling, Real Estate Data Analysis, Real Estate Market Trends
These days, you can’t seem to go anywhere without someone talking about real estate values. A common discussion of how much value a homeowner’s house has gained can be heard at most any get together or neighborhood Starbucks. With the press constantly writing about the real estate market, these discussions can be quite competitive. Depending on where you live in King County, last year, your value may have increased between 10-20 percent. While someone living in Seattle has seen some of the largest gains in the country, the rest of King County has also benefited from our region’s demand. But how has the rest of King County increased compared to Seattle, and is the big city really the big winner in this value battle?
Buying, Local Real Estate, Luxury Market, National Real Estate, Real Estate Data Analysis, Real Estate Market Trends
The luxury real estate market in Seattle is heating up, and it's not the first time. By the turn of the 20th century, the gold rush had brought tens of thousands to the area; families seeking wealth, and merchants all wanting their piece of Klondike gold. Now, top employers like Boeing, Microsoft, and Amazon.com, as well as Silicon Valley tech firms expanding, are boosting the Emerald City’s popularity once again, and folks are flocking to the beautiful Pacific Northwest in record numbers.
Buying, First Time Buyer, Local Real Estate, National Real Estate, Real Estate Data Analysis, Real Estate Market Trends
Summer’s heating up in more ways than one. In most areas of the country the real estate market is red-hot: inventory is low, prices are going up and everybody’s chasing the same American Dream – a three-bed, two-bath, single-story house with an open floor plan.