Editor's note: Real estate expert Moira E. Holley talks about Seattle and Pacific Northwest real estate during the 3rd quarter of 2020 in this Q&A with Haute Residence.
Photo Credit: Realogics Sotheby's International Realty
How did the third quarter of 2020 real estate perform in Seattle and Pacific Northwest region?
As buyer’s and seller’s road maps shift, we are seeing signs of new eyes on Seattle and the Pacific Northwest. Demand has increased exponentially for homes on larger in-city lots, homes with privacy and acreage, homes with pools or the ability to install a pool, waterfront homes, island getaways (as primary residences), country estates and ranches.
How has your market been doing so far this year compared to this time last year?
With a surge in buyer activity coming out of California we are experiencing a significantly stronger market and seeing much higher demand than a year ago.
Photo Credit: Tim Van Asselt
Do you expect a more or less active 4th quarter for this year than previous years?
Our fourth-quarter sales continue with robust activity with an influx of buyers who can work remotely. With no state income tax in Washington, Californians see an increased income of 13% or more. Additionally, we have always been a destination for those individuals about to experience a significant financial event.
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