How do you feel when I say these words“Seattle housing market.”
For some of you, beads of sweat are forming on your upper lip while others are jumping for joy at the prospect of growth in Seattle.
Redfin ranked the “Most Competitive Neighborhoods for Homebuyers” and you will not believe (or maybe you will) how many competitive neighborhoods were in the Seattle metro area.
19 out of 25 of the most competitive neighborhoods IN THE COUNTRY were in the Seattle metro. NINE-freakin'-TEEN.
The number one competitive neighborhood is Grass Lawn in Redmond, which they weighed factors including the percentage of homes that sold for more than their asking price, how quickly homes went under contract, and the annual price growth in 2017.
In Grass Lawn, 73 percent of homes sold for over their asking price and buyers found homes within six days. It makes sense that this was a popular neighborhood due to its proximity to the Microsoft and Google campuses.
Other popular neighborhoods include Pinehurst (Seattle), Crossroads (Bellevue), Rainier View (Seattle), Newport (Bellevue), Victory Heights (Seattle), and the list goes on and on!
Holy cannoli people, that is insane! 65 percent of offers written by Redfin agents face bidding wars and the competition is up 49 percent from 2016. For people looking to buy - may the odds EVER be in your favor.