RSIR Waterfront Report | 2023
The Puget Sound's waterfront properties stand as a class apart in the region, captivating buyers with their unique allure, as revealed in the comprehensive 2023 Waterfront Report by Realogics Sotheby’s International Realty. By delving into the ebbs and flows of 2022, this report showcases the resilience of these sought-after properties, highlighting their enduring demand, iconic views, and the ever-inspiring Pacific Northwest lifestyle, while our seasoned advisors steer you through the waves of the market to secure your perfect waterfront home.
Market Trends From Around The Sound: Q2-2023
Navigating the nuanced shifts in the Western Washington real estate market, Realogics Sotheby’s International Realty’s comprehensive reports underscore the evolving dynamics, from decreased demand on the Eastside to stable but slower markets in Pierce and King County. In a time where informed decisions are paramount, their expert advisors provide the guidance necessary to seize opportunities and navigate fluctuations, whether you're a buyer or a seller in this transforming landscape.
Market Trends From Around The Sound: Q3-2023
Amid fluctuating market conditions, Realogics Sotheby’s International Realty offers insights on various communities' real estate landscapes, from rising prices in Seattle's condominium market to increased inventory on Bainbridge Island. Their quarterly reports empower informed decisions, guiding buyers and sellers towards their real estate goals in an evolving market.
Market Trends From Around The Sound: Q1-2023
Despite headlines suggesting a housing market slump due to inflation and rising interest rates, many areas have not seen the unsustainable growth that marked the pandemic-era housing boom, resulting in a relatively flat year-over-year median sold price for single-family homes. Experts suggest Q1 may have seen the bottom of housing prices, and working with a Realogics Sotheby’s International Realty global real estate advisor can assure you the best results in today's market.
Market Trends: First Quarter of 2022
The first quarter of 2022 was a tale of two real estate journeys. For sellers, their opportunities were bolstered by low inventory, escalating competition and often driving offers over list prices. For buyers, the market was plagued by low inventory, with few opportunities and massive competition making it difficult to secure a home across Western Washington—just as interest rates started to tick back up. If we follow the trendlines from the first quarter of the year, then it’s still a great time to list a home for sale. With inventory low, and buyer demand remaining steady, year-over-year median price gains are likely to continue.
Market Trends: Fourth Quarter of 2021
Typically, the real estate market slows down over the holiday season. Buyers take a break from their home search, whether from fatigue or just the hustle and bustle of the holidays. And sellers tend to focus on gathering with loved ones instead of preparing to list. But, 2021 has proved to be anything but typical: What little inventory there was in the fourth quarter of the year was scooped up by eager buyers, closing out a huge year for real estate. Check out the findings for the five areas Realogics Sotheby’s International Realty examines for its quarterly report to get a feel for where the market has been. And when you are ready, get in touch with an RSIR local expert and global real estate advisor who can help you navigate where the market is heading next.
