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    Wednesday
    Dec022015

    A Seller's Market

    Seattle’s real estate is one of the hottest in the country. With home price growth at about 11 percent and home sales at almost 13 percent, the area’s economic growth shows no signs of abatement. If you live in Seattle or have visited, you understand why the market is so strong.


    A recent Redfin report shows how hard it can be to buy a home in the area. The real estate agency found that the Northwest city has the lowest inventory of homes for sale that has ever been recorded. This means that it’s a seller’s market, a fact that can be attributed to the following factors:

     

    • Foreign investment: Because Seattle has grown into a major international city, more and more foreign investors will look to buy real estate here.

    • Tech industry: Amazon and other tech industries are growing everyday. This brings more and more home buyers into the area.

    Whatever the reason for the situation, you will need an experienced real estate agent who knows Seattle like the back of their hand. Feel free to give David Bell with any questions regarding Seattle real estate. (206) 283-9100.

     

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