It is challenging for buyers because of the frustration of being outbid several times before finally being able to buy their home. Adn hot because as a consequence, we see bidding wars on mostly every listing.

Buyers, don’t expect to make a good deal these days. But, as we know, over time, the home value appreciates.

The market is also hot for homeowners. To sell or not to sell? And to buy what and where? Lots of questions. We are in a sellers’ market. As a result, homeowners selling their homes have leverage. They also have a unique opportunity to use their equity for home renovation or for a down payment on a new home.

How about investors?

Investors who invested in condos, townhomes, or even single-family homes can also cash in.
Now, I understand that it is an investment so the approach is different. Still, it is a good time to evaluate upcoming important costs, due to major repairs in the future years, and to decide on the opportunity to cash-in and buy something newer with fewer maintenance expenses. Plus, in the process, you increase your asset valuation. The condo market is a Buyer’s market in Seattle downtown, very different from the Eastside. There’s definitely an opportunity here.