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?