A new year started with the best January in the 16 years represented on this graph. Wow! “The current inventory of homes available for sale has never been lower in my 22 years as a real estate broker,” lamented MLS director George Moorhead from Bentley Properties. Tracey Forde of Keller Williams Eastside reported that multiple offers are occurring on a regular basis. OB Jacobi of Windermere commented that “The Seattle housing market is going gangbusters, but we’re still starving for inventory.”
What are the three most important words in real estate, you ask? Location! Location! Location! For a mere $1.1 million, you could purchase your very own trailer. It’s only 48 years old, has 700 sq.ft. of living space and sits on .36 acre lot. Sounds like a bargain to me. The location? The Hamptons – about two minutes from the ocean. And Jerry Seinfeld is a stone’s through away.