March 2021 Update
February 2021 saw some of the greatest price appreciations for any month in the past 12 years. Market times noted are not totally indicative of the speed that New listings are going under contract as more than 70% of the homes are selling in 15 days or less & 75% of those are selling in less than 7 days. Multiple offers are occurring more than 50% of the time and we expect to see this trend continue into the Spring & possibly Summer. These are not the days of zero down purchasers as the majority of sale are occurring with 20%+ down payments. The patient and persistent are finding homes to purchase while Sellers that make their homes “Parade Ready” are receiving huge windfalls from this current market.
This report is based on Residential and Condominium sales activities on the Eastside.