YES it is true, our local Real Estate market is starting to wake up after a dismal 3.5 year hibernation. Sales numbers are up and prices remain at the bottom for the short term. Most real estate agents I have talked to this month are showing and selling more homes. When you are out there you can see it and feel it, the energy level is very positive. I have been showing quite a few homes this month and just about everywhere we go there are other agents showing the same homes.
If you are thinking of buying you may be running out of time to buy at the bottom in addition to financing at the still record low interest rates. A great example of a local area that has seen it's bottom and where prices are on the rise is West Bellevue (Medina, Clyde Hill, The Points and Enitai). This area has always been a accurate barometer of where our market is headed. If it is happening here it will not be long until the rest of the Eastside catches up.
The other positive sign is builders are buying lots and land at a pace I have not seen in four years. Their primary focus is in Bellevue, Kirkland, Redmond and Issaquah.
Matt
If you are thinking of buying you may be running out of time to buy at the bottom in addition to financing at the still record low interest rates. A great example of a local area that has seen it's bottom and where prices are on the rise is West Bellevue (Medina, Clyde Hill, The Points and Enitai). This area has always been a accurate barometer of where our market is headed. If it is happening here it will not be long until the rest of the Eastside catches up.
The other positive sign is builders are buying lots and land at a pace I have not seen in four years. Their primary focus is in Bellevue, Kirkland, Redmond and Issaquah.
Matt
