March 2022 Market Update for Seattle’ Eastside
Did you know the median sold price on the Eastside is now almost $1.7M?!
We're up 33% over last year with nearly 90% of homes selling over their list price.
We are seeing a slight slowdown in growth due to rising interest rates, the war in Ukraine and buyer fatigue. Nevertheless, the seller's market continues...there are simply not enough new home starts to offset the continued and extreme local demand from all of our economic growth.
There are still good buying opportunities out there. Homes are an amazing hedge against inflation and with continued appreciation forecasted for years to come, plus to the opportunity to re-finance down the road, the smart money is still strategically buying homes and investment properties.
If you or a friend is looking to win in Real Estate, DM us and let's "taco" about it!
Cheers!
Matt & Christina
Matt & Christina are Team Skally, top real estate agents in the Seattle Metro with expertise in luxury homes on the Eastside including Bellevue, Newcastle, Mercer Island, Renton and Issaquah. Their client testimonials say it all - they deliver exceptional service and record-breaking results. Recognized as top agents on social media by Property Sparks, Diamond Award finalists for best client service and regularly featured in online and print publications including Newcastle Life Magazine. In addition to serving clients, Matt and Christina love family time with their two boys and Leo, the Goldendoodle, as well as volunteering in the community.