Market Report – May 2020

To show you some specifics of what the real estate market is like these days, here's a close analysis of one West Seattle neighborhood. We looked at single-family home sales in early May. The biggest takeaway: It's a hot market. Almost all these homes stayed on the market for less than a week.

There's also a wide range of home prices, even in such a small area. Prices ranged from $425,000 (2 bed, 1 bath) to $1,200,000 (3 bed, 3 bath). What this means:

For buyers: with patience and a good Realtor team, you can often find something in your price range. Don't discount a prized neighborhood just because "it's too expensive."

For sellers: if you're willing to make updates or find a Realtor team that does more work than most (hey, that's us!), your house's value isn't limited to your area's average sale price.

This is just a snapshot of the market. If you'd like to see a more detailed breakdown of your specific, let us know! We'd be happy to show you specifics just like this for your own neighborhood, along with our in-depth recommendations for your personal and financial future. After thirty years, we've mastered both the science and the art of Seattle's tricky real estate market.