Do open houses actually sell homes in todays age of technology available at every persons fingertips? Well let me tell you about my experience thus far hosting opens for our clients. We have found that with a well presented home, supported by strong marketing program and techniques can generate an overwhelming amount of guests for successful open house! Of course, this is possible because of the internet.
In fact, I hosted an open house that went on the market that same weekend as the open. These sellers received multiple offers after the weekend wrapped up! Whoah! We saw an increase of in foot traffic from knowledgeable, able, and ready buyers. This particular open home had 20-30 different guests touring the home!
This is a very exciting time in the market right now with the extremes we have been experiencing in home appreciation, job growth, and relocating techies driving the market with their buying power. We are expected to experience an economic slowdown according to local and national economists. However, we are not expected to see a housing crash like before; and here's why:
As recently as May 2018 our market has seen a sharp right hand turn, and all of a sudden we are now the fastest decelerating market in the U.S. according to Case-Shiller Home Price Indices; and this after experience the #1 spot leading the nation last spring.
Seattle's booming tech industry drove the housing market into an unsustainable upward spike in home value appreciation
Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This includes any listing that uses the phrases “fixer,” “rehab loan,” or “value in land.” I post the top (bottom) three, along with some overall stats on the low end of the market.
Please note: These posts should not be construed to be an advertisement or endorsement of any specific home for sale. We are merely taking a brief snapshot of the market at a given time. Also, just because a home makes it onto the “cheapest”
Home prices are rising at levels not seen since the real estate boom, but American homeownership remains on the decline. Currently the three areas serviced by The Cascade Team are in the top 13 metro markets in the US; Seattle, San Diego and Phoenix topping the list with a 12 month increase of 23%.
The two trends underscore the nature of the housing rebound: Gains in pricing have been driven significantly by investors; especially in the Phoenix housing market, leaving many would-be buyers behind.
Home prices are rising because of strong demand, a lack of supply and a sharp recovery in the hardest-hit markets. The number of foreclosed homes coming to market has also dropped dramatically. But because lending standards remain tight, the everyday home