Its time to Buy Real Estate In Seattle!                                     3/3/2008

There are some really hot buys in Seattle for residential Real Estate. For people looking to buy a new home, this is a great opportunity!

With all the national media attention on the subprime crisis,  foreclosures,  and falling home values, it is no wonder that buyers of Real Estate have been sitting on the fence, waiting for a bottom.

It often seems that the news providers are more focused on audience eyes than in delivering the facts.  You don't have to look hard.  Turn on Prime-Time CNN and there is Nancy Grace.  What about Iraq, Afghanistan, Pakistan and Africa?.  What about our climate and pollution?  These important world issues go under-reported so that our once worthy news agencies can focus on sensational journalism that somehow catches more eyeballs than the real important stuff!

When the Buzz about falling home prices began, it took a considerable amount of time before the newsmakers got it right, while those of us in the business knew the truth. Real Estate troubles are regional.  Some regions are being hit hard, and other not.

It is understandable that the constant barrage of news regarding housing woes would eventually affect the psyche of home buyers everywhere. So would-be home buyers sit on the fence concerned that the home they purchase today could be worth less tomorrow.

If we look at Seattle and the Greater Puget Sound region, there are strong indicators that housing demand should remain strong and home prices should continue to rise.  While the latest statistics show only modest gains in home values from 1 year ago, other indicators such as job and population growth support continued home appreciation. 

Urban areas with limited available land, should continue to support price growth of existing homes since the quantity of potential new homes is severely limited.  In Seattle proper, the only room for additional housing is really in infill re-development (townhomes) and condominiums.  The lack of buildable land should continue to support increasing prices for single family detached homes.  This is simple supply and demand.

In addition to the job and population growth, Seattle has and will continue to be one of the most live-able cities.  With abundant parks, beautiful vistas, cultural end entertainment opportunities, Seattle should continue to rank highly as a great place to live and work.

Today, I would draw the analogy that buying Seattle Real Estate is like buying a great stock.  You buy or accumulate on momentary weakness.

Homebuyers can take advantage of our current market situation by finding exceptional properties that are priced right.  Not all homes for sale are exceptional values, but over the past few months, I have found a significant number of stellar purchasing opportunities.  This number has greatly increased over years past making it a great time to look for a home.

Finding the right property does require some expertise.  Doing a market analysis on the potential home purchase is a starting point and is part of my service to buyers.  What this means is that when a potential property is found, we do our homework, research past sales in the area, factor in market conditions, and then make a decision regarding the value of the property, and the price we are willing to pay. There are some great home buying opportunities now in some of the most highly sought after Seattle neighborhoods.

It is important to find a Realtor who is honest, patient, will help you to evaluate your purchase options and find you properties that are value priced.  If you are looking for a home in the North Seattle Area, in Neighborhoods such as Green Lake, Ballard,  Greenwood, Phinney Ridge, Broadview, Wallingford, Fremont and others, please do not hesitate to call or email me today.

Learn more about my exclusive buyer services as well as financial help towards covering your closing costs.