Whether you are a buyer or a seller, unless you do your research on the way the real estate market functioning, the current market trends, you may risk losing a lucrative real estate deal because it is important to know whether the market is buyer or seller oriented.
Timing is of prime importance, the market trends propel you to sell, buy or holding on your investments for the time being. An important market trend is when huge business plans to set up shop in your place, this is the time when the real estate market starts to heat up because a large number of job seekers could move in and would be in urgent need to purchase new homes or go for a rental property.
Buyers must be on a lookout for such an opportunity to buy the houses before prices rise, to make a killing later. Sellers must hold on and wait for the prices to rise before putting their real estate on the market to sell.
Talking of big corporations, Washington state is blessed with the blue chips like Microsoft, Amazon, Boeing, T-Mobile, and Starbucks. Location wise this state is scenic with its green landscapes, the Puget Sound, the Cascade Mountain Range and Mount Rainier. These unique characteristics ensure that Washington always gets a steady stream of new job seekers and tourists every year. So, the demand for new homes and rental properties seldom goes down.
If we look at the recent history of the performance of the real estate market of Washington state, according to Washington Center for Real Estate Research, as per the data of the years 2017 and 2018, the stock of houses available for sale rose by 17.6% and the median prices of Washington homes rose by 6.1%!!!
Looking at the statistics, the real estate market has got something for every category of real estate investor, you just need to keep your ears on the ground, be alert, if you need assistance from an expert investor, Bethany with her many years of experience could guide and assist you get the best and most profitable deal.
If you would like more information about Real Estate Market Trends in Washington State, email us at firstname.lastname@example.org