Create Lasting Wealth Investing in Foreclosures & Distressed Properties. Buy Properties at Discounts of 20-50% - Get FREE Foreclosure Lists & Learn How to Buy Foreclosures, Bank Owned/REO’s, Short Sale & Pre-Foreclosures!
-
-
Join us on our Forums!
Click stars to vote (left is low, right is high)
(No Ratings Yet)
Loading ...
The most recent report on area home sales offered good news to Puget Sound’s homeowners and a bit of hope that buyers are slowly jumping off the fence and writing offers and closing deals.
In June 2009 the number of closed sales on single family homes was up 4 percent over the same month in 2008. June’s sales totals marked the first year-over-year increase since the market peak of 2007.
One area to see a dramatic rise in the number of closed sales was the east King County neighborhoods of Juanita-Woodinville-Duvall which saw a 31 percent increase in the number of sales over the same time period last year. And the numbers show that buyers are not just 1st timers jumping into the market to capture the federal $8,000 tax credit that is set to expire in November. According to the NWMLS, sales in what is considered the most affordable areas of King County, the Southwest and Southeast actually declined while sales in traditional upper middle income neighborhoods in Seattle and on the Eastside actually saw the uptick in activity.
While it is too early to say if there is a trend developing, any increase in buyer activity is welcomed.
The Author: Kristian Aasgaarden
About: Kristian, one of the co-founders of Real Estate Investment Firm, brings over 16 years of industry experience to REIF. Kristian began his career in the escrow field and was an escrow closer for many years before turning to real estate investing.
This entry was posted by Kristian Aasgaarden, on Wednesday, July 15th, 2009 at 1:30 am and is filed under Buy Distressed Real Estate, Marketplace. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.
One Response to “June Housing Stats Say Buyers are Coming Back!”
Leave a Reply
You must be logged in to post a comment. PLEASE register now and you'll be able to fill out a profile, upload an avatar or picture of yourself and get a FREE link to your website. After commenting you can use the same login to join in our forum discussions. If you haven't done so already subscribe to this site. We're always adding new information and we would love to have you participate.
Join the Discussion in Our Company Name Forums
Fatal error: Call to undefined function wp_bb_get_discuss() in /home/distress/public_html/wp-content/themes/3net-Social-Ascension/single.php on line 130
July 16th, 2009 at 11:19 pm
June Housing Stats Say Buyers are Coming Back!…
he most recent report on area home sales offered good news to Puget Sound’s homeowners and a bit of hope that buyers are slowly jumping off the fence and writing offers and closing deals.
In June 2009 the number of closed sales on single family home…