According to the Puget Sound Business Journal, people who sold their home in King County in October reaped an average 48 percent gain over their original purchase price, a new report shows.
That profit point puts King near the top of the 127 U.S. counties analyzed by RealtyTrac, a California-based housing data provider.
Only six other counties surpassed King County in the average increase between what homeowners bought and sold their homes for.
“The Seattle housing market remains remarkably tight and very competitive. Buyers are still fighting over any new listing which is well priced and this has led to rapid price escalation,” said Matthew Gardner, chief economist at Windermere Real Estate, covering the Seattle market.
Are you thinking about selling soon?
December and January are the quiet months before the spring real estate frenzy. And with an anticipated hot 2016, this is the perfect time to start your prepping and planning for getting your home on the market. Set up a meeting with me and I can help you plan and get ready to sell!
For more information, make sure you read the full list from Puget Sound Business Journal.
Are you ready to buy a home and qualify for the VA loan? Let me help you out! As a local real estate broker in Bellevue, WA and a Veteran of foreign wars, I am committed to help you find the home you deserve through the VA loan.