Teck Chu’s Post

Ready for the Eastside May market update? 🌱 🌷 Home prices on the Eastside are up again! Median prices hit $1,677,500 last month, up 16% from that time last year. With nearly 75% of sales closing at or above list price, competition is fierce. 90% of properties are selling within 30 days. Don't miss out on this hot market - let's chat about how these trends could affect your real estate plans.

#Eastside #MarketReport #March Eastside home prices jumped 10% in February compared to a year ago, up from $1,340,000 last year to $1,470,000 this year. Low supply is putting pressure on Eastside buyers to bring their A-game and is motivating prospective sellers to get their homes ready quickly. Let’s connect to see how these trends might affect your immediate real estate goals. #MikeConnachan #Windermere #WindermereKirkland #RealEstate #WeAreWindermere #AllInForYou

Why Reduce? We are not seeing many price reductions in today's real estate market. This is largely due to very low housing inventory and increasing home prices. Home sellers are also very aware of the pricing practices that get a home sold instead of overpricing then coming down later which in most cases results in a lower than average sales price. Last week real estate brokers in Island County turned in 33 pending sales, posted 25 new listings and completed only 5 price reductions. #mondaymarketwatch #islandcountyrealestate #realtyonegrouporca

#Eastside #MarketReport #April Eastside home prices jumped 19% last month compared to a year ago, reaching a median of $1,682,500. More than half of all homes sold above asking price, as buyers had to compete hard for limited inventory – just 0.6 months of supply by the end of March, a 46% year-over-year decline. Let’s connect to see how these trends might impact your real estate goals. #JohnBarker #Windermere #AllInForYou #WeAreWindermere #WindermereYarrowBay #RealEstate #BellevueRealEstate #KirklandRealEstate

House sales dropped $210,000 in Oakville during June Contact me to discuss the latest scoop in real estate! #gta #realestategta #oakvillerealestate #burlingtonrealestate #realestatecanada #luxuryhomes #realestateinvestor #newlisting #housingmarket #investmentproperties

#Eastside #MarketReport #April Eastside home prices jumped 19% last month compared to a year ago, reaching a median of $1,682,500. More than half of all homes sold above asking price, as buyers had to compete hard for limited inventory – just 0.6 months of supply by the end of March, a 46% year-over-year decline. Let’s connect to see how these trends might impact your real estate goals. #AndreaHolmqvist #AustineFleming #HolmqvistTeam #Windermere #AllInForYou #WeAreWindermere #WindermereYarrowBay #RealEstate #BellevueRealEstate #KirklandRealEstate

Calgary Real Estate Board released last months real estate stats for Calgary and the Surrounding Area. In October, home sales remained steady year-over-year, with 2,174 transactions—up 24% from long-term averages. Gains in sales of homes over $600,000 offset declines in lower price ranges. Ann-Marie Lurie, Chief Economist at CREB®, noted that while demand is strong, activity could improve if there were more lower-priced options. Inventory has increased, now at 4,966 units—up from last October’s low of 3,205—but nearly half are priced above $600,000. Market conditions are shifting away from the tight spring environment, yet supply remains tight overall, with 2.3 months of inventory. The benchmark price for residential properties rose to $592,500, over 4% higher than last year. Do you want to know what this means for your real estate journey? Call us today and we can walk you through the process. #monthlystats #realestatestats #calgarystats #exprealtycalgary #exprealtycanada #exprealty #exprealtyyyc #realtor #forsale #reevesrealty #yycliving #calgary #yycrealestate #yycrealtor #calgaryrealtor #reeves

MID-2024 HOUSING FORECAST Residential real estate activity follows a yearly pattern; however, it is important to identify the nuances when looking to purchase or sell a home >> https://lnkd.in/g_Pg7rQC This mid-year report from John L. Scott Real Estate defines Sales Activity Intensity and its relationship to home prices, and offers where the Seattle/King County market is heading through 2024.

#Eastside #MarketReport #March Eastside home prices jumped 10% in February compared to a year ago, up from $1,340,000 last year to $1,470,000 this year. Low supply is putting pressure on Eastside buyers to bring their A-game and is motivating prospective sellers to get their homes ready quickly. Let’s connect to see how these trends might affect your immediate real estate goals. #SarahMcGrath #Windermere #RealEstate #WeAreWindermere #sarahstrategies

#Eastside #MarketReport #March Eastside home prices jumped 10% in February compared to a year ago, up from $1,340,000 last year to $1,470,000 this year. Low supply is putting pressure on Eastside buyers to bring their A-game and is motivating prospective sellers to get their homes ready quickly. Let’s connect to see how these trends might affect your immediate real estate goals. #MarcelaArboleda #Windermere #Eastside #RealEstate #WeAreWindermere #AllInForYou