REMI’s Tobias Nergarden Chooses Seattle as “Toby’s Choice”

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The Real Estate Marketing Insider’s CEO and Executive Director Tobias Nergarden announces Seattle, Wash., as the winner of this week’s “Toby’s Choice” award. The award was announced following a report in the Seattle Post-Intelligencer that highlighted the rapid increase in sales prices over the past few months in the Seattle real estate market.

Tobias Nergarden, Executive Director of the Real Estate Marketing Insider announced his decision for the “Toby’s Choice” award, a title given each week to a housing market with outstanding potential for real estate leads. This week’s recipient was Seattle, Wash. According to a report in the Seattle Post-Intelligencer on May 31, the Northwestern metropolis recently celebrated an explosion of sale to listing price ratio of almost 102 percent.

The report in the Post-Intelligencer made specific mention not only of the recent trend of properties selling above their listing prices, but also of the underlying causes. The explosion in sale prices above their listings, a trend only seen in the last few months, is attributed to the spring selling season coming into full swing, as well as a continually dwindling inventory. This makes for prime conditions for home sellers in the area. Properties that enter the market are typically sold in just about a week, and often at a price higher than the listing, driven by bidding wars between interested buyers.

Mr. Nergarden released this statement accompanying his choice of Seattle for the “Toby’s Choice” Award:
“Clearly, the timing is right for real estate agents to get into Seattle’s quick-sale market. No matter what their home market is, be it New York luxury real estate or a vacation rental San Diego coastal, real estate agents will find Seattle a market that drives continual interest from buyers and whose properties sell quickly and easily. The growth of the market and its sales potential is poised to continue through the spring and well into the summer, when Seattle’s tourism and weather are at their peak. The time is now to get into the competitive Seattle market.”

The Real Estate Marketing Insider’s Tobias Nergarden named his “Toby’s Choice” pick for the week as Seattle, Wash. Seattle recently reported sales prices for homes that were nearly 102 percent above their listing prices, with sales happening within a week of being on the market.

About the Real Estate Marketing Insider:
The Real Estate Marketing Insider provides breaking news, market analysis, and trend forecasts to real estate professionals and homeowners. The online journal is based in La Jolla, Calif.

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