The 2011 Real Estate Results Are In...

The Northwest Multiple Listing Service released this week their year-end results for 2011, the news is not surprising for most people. The bottom line – more homes were sold in 2011 than in 2010, but for 24 million fewer dollars. We are still seeing a lot of homes in foreclosure, short sales and rock bottom prices to help these owners get out of the mortgage troubles, so its no surprise with lower prices more houses and condos get sold. Interestingly enough, the most expensive home sold last year was sold for $14.75 Million on a 2-acre lot in Hunts Point, in Bellevue. The least expensive home was a property in Everett for $12,500. For more information on the MLS report and the Seattle Times take on the market, check out this link. For those of you in the market to purchase a home, this is still a great time to get a great deal. Plan on being patient if you are  looking to buy a short sale and great ready to put some sweat equity into the property if you are looking at bank owned homes.

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