What a difference a year makes! Who had any idea a year ago that 1/3 of the Seattle Eastside homes that sold in December, 2012 would sell for over full price? No one anticipated the lack of inventory, the level of competition, and the subsequent increase in prices. The market picked up steam on the eastside as the year progressed. The trend became apparent as each month had buyers clamoring for homes and fewer and fewer coming on the market. The year finished with a fabulous sales record. One third of the homes sold for over full price, 23% sold for full price and 42% below full price.
Market time dropped to record lows as homes were snapped up. The homes that were well priced and in great condition are those that sold for more than full price.
We start out 2013 with these positive trends in the marketplace. Expect it to continue!