If you’ve been thinking about buying you might want to motivate yourself a little bit more because things are selling….and selling pretty quick! With interest rates well under 5% and the introduction of the $8,000 tax credit to anyone that hasn’t owned a home in the last 3 years, the real estate market in Clark County, Washington has picked up a bit. Don’t believe me? Our inventory in January was 21 months, in February it was 18.6 months, the March numbers were just released and our current inventory is 11.6 months! There were 100+ more homes sold last month than the month before.
Also, I have no solid stats to back this up but the “good deals” that we have been following over the last couple months are all going pending or already sold now. Don’t get me wrong, there is still a lot of property for sale right now but a majority of what I would consider good deals are what is being purchased. Time to get motivated!
If you’ve been wanting to sell but don’t absolutely have to it might also be a time to seriously think about taking advantage of this slight jumpstart in the market. There is still an overwhelming amount of “distressed” (Short Sale & Foreclosure) properties on the market to deal with but more and more agents and buyers stray away from the headaches that follow distressed property. No one likes to wait for months just to know if an offer was accepted or not and with short sales that is the timeline. All of a sudden being able to close on a house and move-in in 30-45 days is a big positive for buyers.
If you’re even a bit interested in selling your home, feel free to contact Dad or myself and we’d be happy to do a Comparative Market Analysis for you to let you know what your property is currently worth.
Kevin Schubel
RE/MAX equity group, inc
360-936-7277
