There are no major surprises to the latest sales numbers for Seattle’s Eastside communities from Renton to Bothell; East of Lake Sammamish to Kirkland & Lake Washington. Prices are mostly up, modestly in most areas but a few with price reductions over 2017 prices. Inventory levels have doubled their 2017 levels and the sales pace has varied from stable or slightly higher to as much as 25% off 2017 levels. That said, sales pace has been above the 10 yr average in all areas. With the winter season upon us, it’s likely we’ll see continued slowing in the pace and flat to lowering prices. With the amount of economic growth in our overall region and the Eastside cities in particular, these numbers are “the break” in the market that most buyers have been asking for since 2015. Inventories typically decline as we get further in to winter but I expect we’ll see a quicker bounce back up in homes for sale after the New Year. Let me know if you’d like more specific market details on areas of interest to you.
Take a look at the numbers and some of the Giving Back that Windermere has done in 2018 and some of the stats that show Windermere is still the most respected and dominant real estate company in our region. I’m grateful to have called it home since 1989.