February 2021 – Seattle & Snohomish County Real Estate Market Update

Seattle Home Buyers – February Real Estate Market Update:

I made you this video so if you were thinking about looking for homes for sale in the North Seattle, Bellevue or Everett marketplace, you’ll get an idea of what we are up against.

The Seattle real estate market is super-competitive right now.

2021 North Seattle - King and Snohomish Counties - Real Estate Market Update - February

My clients have been looking for nicer, newer homes that are 3/2 in the Lynnwood, Everett, Bothell, and Mill Creek areas.

I just got this letter from a Seattle real estate agent who was selling a house some of my buyers were interested in:

Hello,

Thank you very much for taking the time to write an offer for my listing at ____address____ in Lynnwood! 

To help your client understand the market, I’d like to share the following information:

We had 19 offers in total. 3 of these offers were above $700K. In the end the seller accepted an offer with no contingencies, waived appraisal, waived finance, and full earnest money release upon mutual acceptance.

I hope this information helps your clients successfully navigate this market! Thank you again for your efforts. Have a productive week!

Best, 

If you’re thinking about buying a house, it’s difficult to be competitive. You have to be prepared with an aggressive strategy. Many buyers are wondering if they should wait, or dive in now, as home prices are popping and buyers are waiving contingencies. It can be rough. Subscribe to this channel for future updates including “when is it safe to come out” and start looking for homes. We are hopeful that this Spring will bring more houses on the market, but it may bring more buyers, too. Download our free Buyer’s Guide to help you understand how the economic conditions affecting our country are also affecting our real estate market.

If you have any questions and want to talk about the market or timeline for getting into your new home, please let me know. Things are evolving rapidly and different market segments have different characteristics. For example, we are not seeing this much heat in the luxury home market.

Emily Cressey

Emily Cressey is a real estate broker residing in Lake Forest Park, WA who services the Greater Seattle area including Shoreline, Mountlake Terrace, Brier, Lynnwood, Kenmore, Bothell and Edmonds, WA.

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