Washington Housing Trends

In hot cities like Vancouver, sellers can expect to sell their house in one to two months time. Because of a shortage of homes for sale, sellers can expect to 95 to 100% of their asking price. Single families are the most active buyers in the area. On average, a home that sells for around $187,000 is up in value 10-15% from July 2005. In Seattle, there is an even bigger increase in property values. An average house is selling for $355,000, which is up 15%- 20% in price since last year. It is a seller’s market, where most homes are selling in days, not weeks, and bidding wars drive up asking price. Most sellers receive 100% of their asking price or even more.