Median Sales Price

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How Does Normandy Park Compare?

We’ve all heard that the lack of inventory, strong job growth and higher demand have driven housing prices up throughout our region. These price increases vary by area but the overall upward trend is the same.

I compiled the map and chart below to give you a sense of how Normandy Park home prices compare to our surrounding area neighbors. You will notice that the median sales price in Normandy Park is up +19.1% over just the last two years! Incredible – but why is that?

Many home buyers have been priced out of Seattle and are exploring the surrounding neighborhoods. Normandy Park has proved to be a great alternative for buyers looking for a family friendly community in a very convenient location.

Real Estate in The New Year!

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The 2020 residential real estate market in the Puget Sound region is already heating up! Buyer demand is high and inventory is low resulting in quick sales in affordable and mid price ranges. Interest rates remain low and our local job market strong.

There are several issues that may affect our real estate market in the year ahead: Trade wars, political uncertainty and the election may leave their mark on our housing market. That being said I’m optimistic and excited to see what 2020 will bring!

If you have real estate needs in the year ahead, I hope you’ll give me a call. I’m here to help.  Happy New Year!