There are many contributing factors that create a rapidly appreciating market: a long awaited rebound coming out of a recession, low inventory, low interest rates, rising prices, rising rents that are outpacing incomes, population growth, etc. And while investors and first-time home buyers make up a large portion of the home purchases out there, it is the MOVE UP buyer that can really take advantage of where the market it going. SO, IS IT TIME FOR YOU TO MOVE UP?
Just like anything, the ebbs and flows of the market create ripple affects that carry through to different areas and price points at different times within the market. WE ARE HELPING OUR MOVE UP CLIENTS MAKE LOTS OF MONEY NOW!
Year-over-year, based on April’s numbers, we have seen a nearly 12% appreciation of our median home price in King County, of which, in our experience is due to the rising tides of the entry-level price points. While currently everything at the entry-level range is absolutely on fire and flying off the shelf with rapid appreciation, that ripple has not yet hit the mid to upper range price point homes at quite the same rate. Every community is different with its range in values, however, regardless of the differing price points, as equity levels have grown, the opportunity to Sell High and use the proceeds to MOVE UP is currently the easiest way to make money in real estate and to take strategic advantage of the rising tide.