Activity is up, Really?

Do you want a simple observation to understand how local real estate is doing?  I have seen more people in my real estate office in three days than I have seen in the last three months.  There is always a post-seasonal up-tick; but not like this.  I haven’t heard the word multiple offer in a long time.  Well, its back.  In fact, I have experienced it first hand.  Just days ago, a client of mine contemplated an offer at the well known project in the heart of Belltown (Bellora).  Before we could put ink to the paper, it had received 2 offers and one near full price.  I wouldn’t suggest yet that this is the norm, but from what I can see, I believe buyers are ready to feel positive about the market instead of fearing it.  My curiosity led me into my Broker’s office to ask him what he had thought; he said that production was visibly up.  Judging by the pile of files on his desk, I believe he is right.  Maybe there are buyers out there that believe in the old adage about the real estate market “Nothing is more expensive than a missed opportunity”.  I guess we’ll see.

I would love to hear feedback on this topic?  What is your perception of the market?

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