Rental Property Investor · Seattle, WA · Member since 2014 · 1k+ posts · 1k+ votes
I see a lot of new inventory coming online, pending sales slowing, days on market increasing, price reductions, new construction permits being down, etc.
Developer · Mukilteo wa · Member since 2015 · 22 posts · 10 votes
7y
market update from some local experts is below i've seen a few other blogs with similar lines of though and data. seems like there is a little bit of cooling but i don't think we will see any drastic drops in prices in the coming months/year lots of big companies are still moving here and bribing their high paid employees with them.
Real Estate Broker · Poulsbo, WA · Member since 2018 · 121 posts · 66 votes
7y
All depends on the price point. Lower end, hot hot hot. $1-1.5M+, dropped like a rock last fall and still slow. Used to be, on Mercer Island (for example), anything with a decent lot and some sort of house on it would be at least $1M. Now, prices have slipped to ~$950k, and they'll sit if overpriced/too much work...and not a good enough lot to tear down/build.
Kitsap (and Pierce) have been heating, up though. I live in Poulsbo. Prices are up 10% YoY, and expected to keep moving in that direction as more and more techies move to Seattle and the Eastside.