Name Your Selling Price As More than 50% of Home Sales See Bidding Wars

Posted by Cary W Porter on Thursday, December 3rd, 2020 at 10:42am

For the sixth consecutive month bidding-wars have exceeded 50 percent for all home sales, reaching nearly 57% for the previous month alone.

Despite the ongoing pandemic and in many ways because of it, 2020 has been a record setting year for home prices and sales in and around the greater NW. Some sections of the housing market increased by nearly 30%.

With record low inventory literally causing a Housing Shortage Crisis We have many buyers out there looking and with a lack of inventory, we may just have a buyer for your home.  All it takes is 30 seconds to fill out the form below. Let us know what price you would take for your home, and if we have a buyer, we'll let you know! To learn more about what we offer our home seller clients, CLICK HERE.

                        Easy as 1, 2, 3

Just Name Your Home's Selling Price

COVID-19 has not only created pent-up demand, but many buyers are also in the market purely because they're working/schooling from home and realizing their space is no longer big enough—particularly now that the temperature's dropping so they can't easily escape to their back patio to catch up on emails alone.

With people spending so much time in their homes, including working from home and virtual schooling, there's a great emphasis on being happy there. Thus translating into lack of space is a complaint agents hear more often now.

And if people are allowed to continue working from home rather than commuting to an office, they might also realize that they can shop for homes farther outside cities—great news for home sellers who live in more remote areas.

While spring is typically real estate's busy season, the "silent spring" of 2020 saw the housing market grind to a near halt amid pandemic-mandated lockdowns. This, in turn, created pent-up demand to purchase property that is only now being unleashed.

“We currently see buyers sticking around in the housing market much later than we usually do this fall,” says Danielle Hale, chief economist at realtor.com®. “If that trend continues, we will see more buyers in the market this winter, too. So this winter is likely to be a good time to sell.”

"There are plenty of people in the pipeline ready to hit the market this late autumn and winter," Yun agrees.

Many real estate agents have noticed this glut of eager buyers first-hand.

“Winter is usually a slower season, but this year we're not seeing any sign of letting up,” says Matt van Winkle, a real estate broker and owner of Re/Max Northwest Realtors in Seattle. “The selling season was delayed because of COVID lockdowns and stay-at-home orders, so several months of usual busy sales periods were delayed.”

This buyer demand likely won’t wane anytime soon.

“We will see an extended purchase season in 2020 and into 2021,” says Shelby McDaniels, channel director of corporate home lending at Chase.

Name the price you would be willing to sell for.

We'll contact you if we have an interested buyer.

You can sell your home with no  hassle.

Results speak for themselves! See our Results HERE! 

Get A FREE Real Time Home Value Report From The Cascade Team! Just Click HERE

Home prices in Issaquah and Sammamish, WA have increased an average of 14.2% in the past twelve months with some areas seeing 18% increases. Our FREEOn-Line Home Value Analysis tool allows you to see exactly what your home value is doing.

It’s not a guess or “Zestimate” like Zillow. These are actual Sold, Pending and Active prices.  You can also see what home inventory levels area doing, view and compare “Closed Sale price vs. Asking Price” and more!

Simply fill out the form below to get an immediate Home Value Report in your inbox.  Whether you are looking for the value of your existing home, or for the new home you are looking to purchase, this report will provide you with actual active and sold MLS home information so you'll have "real" housing market data at your fingertips.  This report will come every month and will provide you a snapshot of home sales activity in your neighborhood.  If you are interested in purchasing in a specific area, this information will show you the active homes in the market, price trends and closed values on homes that have sold; allowing you to do a comparative analysis of real estate and homes for sale in that area.  Stay up to date and have information your neighbors don't have.  Sign up for this FREE report today.

• Not a Guess or Zestimate! • School & Community info
• Actual Sold Properties • Any Area in Seattle, Phoenix or San Diego
• Current Active MLS Home For Sale Listings • Any Property You're Interested In
• Actual Sold Home Prices • Easy to read and understand
• Days on Market • Weekly or Monthly Updates

Get A More Accurate Estimate - You're in control of finding your home's value, using the same method agents use.

Accurate Advice When You Want It - You can ask one of our local agents who live and work right in your area.

Expert Advice - Ask one of our local agents who live and work in your area.

It's absolutely FREE and there is no obligation.  Fill out the form below to receive a real time MLS report on active and sold home in your area.  Click here to see a sample report layout.

 

 

 

Leave A Comment

Format example: yourwebsitename.com

What's Your Home Worth? Find out now, for Free.

Let's Go