Real estate stats are in for the third quarter (Q3) of 2016, and here’s our latest infographic to give you a visual snapshot of what’s happening in the Mercer Island real estate market.
Steady job growth in the greater Puget Sound area and a shortage of inventory continues to boost our sale prices, and we saw double-digit appreciation in the third quarter of 2016 compared to the same quarter in 2015.
Sirianni Real Estate Group Update + New Video!
We had a busy quarter and a very busy week last week with a new listing on Mercer Island that went pending in 2 days with multiple offers. Our clients are very happy, which is the most we could ask for.
One of our clients’ concerns was whether listing in the fall was the right time. Though we knew that the fall colors would provide a beautiful backdrop for their home, we also believed that with the shortage of inventory on Mercer Island, especially in this home’s price point, that great buyers were still ready and looking.In the video below, Charlie discusses why listing in the fall or winter is currently working for sellers in competitive price points in our market:
