Current Auburn Kent And Federal Way WA Market Trends

Current Auburn Kent And Federal Way WA Market Trends

If you think you have seen more 'For Sale' signs in your neighborhood, chances are you are right. And I don't mean from all those foreclosed homes from years ago. In the past year, the median home price for the Auburn/Federal Way/Kent area has risen 12%, and in the past two years, it has risen an amazing 35%! That means if you were struggling to see $200k for your house in 2011, you could be selling it for around $270k today.

So why has the price changed so much? Well, there are numerous factors, creating a sort of domino effect. To start, the number of foreclosed properties have dropped. That means, of the homes on the market, more homes listed are from HOMEOWNERS selling, NOT banks trying to get rid of something they don't want. This means the market has increased enough to allow people to move once again, whether it be upgrading, downgrading, or simply changing location. And with homeowners selling, the homes tend to be in MUCH better condition (from staging and general maintenance, to new upgraded features) and will help boost the value of YOUR property, simply by being sold.

Are you thinking about buying? Great! Now is a great time because so many homes are going to be move in ready. Instead of finding a 'great deal' and spending thousands of dollars and months of work on the home to get it the way you want it, you are able to find a beautiful home with the work already done, and have the peace of mind of being able to move shortly after signing papers.

Are you thinking about selling? Great! Even if you were underwater 4-6 years ago, things have changed so much that many are selling and getting more than they were hoping. Be sure to talk to a great Real Estate Agent in your area that specializes in staging a home. They will be able to give you plenty of tips for colors, upgrade ideas, and help setup your home to appeal to as much of the Real Estate market as possible.

With so much happening in the market today, it is a great time to start thinking about selling your house or buying a new home. And remember, talk to an Agent in your area to get a more comprehensive market analysis and to find out what your options are!


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Phone: 253-988-0180
Dated: December 26th 2013
Views: 2,969
About Gini: Making Clients For Life! Gini strives to go the extra mile to help you achieve your goals. Because ...

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