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Washington Real Estate

Jan 1, 2008
If you are looking to move into Washington State, knowing the Washington real estate market for the area you are looking into is important to making a good decision. Here are some of the areas of Washington real estate that may interest you if you are looking into this state.

Seattle metro area is in the heart of everything and it shows. Average housing prices are little over half a million. It is an even market with an increasing market trend. Prices are up five to ten percent over last year with a good supply of inventory in all price ranges. Sellers are receiving 95-100% of their asking price and there are no multiple offers. First time buyers seem to be running the market with good economic news driving it.

Seattle West has the nearest city as Seattle with more sellers than buyers houses are still only staying on the market for thirty to sixty days with a decreasing market trend. There is a good supply with an average housing price of $375,000 indicating no change from the previous year. Condominiums and Town homes seem to be doing the best with sellers getting multiple offers and 95-100% of their asking price.

The Tacoma area of Washington real estate is experiencing an increasing market trend with decreasing prices. Prices are down five to ten percent in this area to $250,000 on average. There are more sellers than buyers so a good supply is available. However, expect your home to sit on the market for 90-120 days before selling. Sellers can also expect to receive ninety five to one hundred percent of the asking price of their home and first time buyers are driving a no multiple offer market.

Spokane, Washington is seeing a steady supply of homes available as more sellers enter the market than there are buyers looking. The market trend is increasing with homes sitting thirty to sixty days before sale. The average housing price is up nearly ten percent to a solid $200,000 over last years prices. Sellers can expect to receive 95-100% of their asking price with no multiple offers in the market at this time. Repeat buyers and an increase in population are behind the markets activity.

Maple Valley is another area of Washington real estate that is seeing more sellers than buyers. This market trend is increasing and so is the average pricing of homes, homes are up 10-15% to rest at an average of $375,000. There is a good inventory with homes sitting only 60-90 days on the market. Seattle is the nearest metro area and single-family homes are showing the greatest activity. This is because of population growth that is currently active in the area.

Washington real estate is some of the finest in the country offering a variety of different landscapes and a very hospitable climate in most area. Whether you are looking to move into one of the larger cities or out in the country you will find something of interest in this state. There are a number of resources available to help you find the location that is right for you.
About the Author
Tom Beaty offers Washington Real Estate information for buyers and sellers. Don't buy or sell without visiting this Blog or it could cost you: Washington real estate .
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