June was a great month for Seattle eastside condos sales. There were 223 condo sales, the most in any month for this year. April of 2010 was a stronger month for sales, but the numbers were inflated by the end of the 2010 tax credit. Buyers were scrambling to buy a condo before April, 30th, 2010.
There were 1140 condos for sale on the eastside and 233 of them received offers. This means that 20% of the condos for sale had accepted offers, pretty good odds, considering the odds over the last few years have been more like 10-14%. But that also means that 80% of the condos did not sell, so price and condition are still extremely important to getting a condo sold.
Know the competition when putting a condo up for sale. Make sure the market is monitored on a weekly basis to keep up with the changes in the competition. It’s important to remain competitive the whole time the property is on the market and the market can change quickly.
If you plan to sell your condo in the near future, feel free to contact me if you have questions about what you need to do to get ready to sell. Every seller has to do a few things before putting a home on the market. If your home is positioned properly, it can be one of the lucky ones to get an offer.