Seattle Eastside Condo Real Estate is still terrific! Since so many of the available condos sold in June, like most months this year, it seems like it's impossible to get a condo. If you're are looking for a condo to buy, more are coming on the market each month, so there's a fresh supply available. You've just got to be quick as they sell so quickly. Condos are selling in just over a month! In June of 2012, it took 3 months to sell a condo. This is still a very fast paced market.
Median pricing jumped up to $280,000 in June and I hope we can cross the threshold to $300,000 for a median price in the near future. The good news is as the prices go up, more condos will come on the market as more sellers will be able to afford to sell. Higher prices are great for sellers, but not all bad for buyers, since it means more condos should come on the market.
If you'd like to know more about the condo real estate market, please free to contact us. We're here to help!