Oh, and before you leave Fort Lauderdale -- Visit Sea Watch for me :-) We have lots of family there!
Drop - yes, Big - no. When you are ready to buy make sure to research school district as it is a great indication of stable prices. houses=families=kids. Good public schools is always a good property value stabilizer. for more info on schools, visit http://www.schoolmatters.com. Great site for school rating. also, if you go on my site for schools, i have links to school districts in King County.
Welcome to Seattle when you get here! I grew up in the South and that is a very big move you are making! From everything I have seen, Florida has dropped a lot more than we have here. The housing market in Seattle has certainly slowed down a bit and is tricky at times, but we overall have a good market compared to other areas of the country.
If you are looking for a bargain, I would suggest new construction right now. The builders are being far more willing to negotiate than the banks are at short sales and foreclosures.
Good luck and have a safe move! Please feel free to get a hold of me if you have questions!
If it's much later in the year, like October 15th or shortly thereafter, the increase in inventory over the next 60 days could change things.
Welcome to the great northwest. I'ts a big change...I lived in New Olreans for most of my life and then Sarasota, Fl for eight years before moving ot Seattle. The market is much different here and so is the life style. Prices are flat but not going down. Seattle is a great area to buy in, very refeshing....Inventory is up, rates are good...It's a buyers market.
Seattle has lot of different neighborhoods , so you should check where you want to live, depending on where you work, and your price range. If you go to my webiste I have lots of infomramiont on the different neighborhoods of Seattle. If I can help you, please let me know. I know about moving from the south land to the northwest., I can be very helpful. Good Luck...
The Roanoke Group,Inc
Real Estate and Property Management Services
9505 Roosevelt Way NE
Seattle, Wa. 98115
John L. Scott
425 218 0707
When volume is this far down, it's hard to believe that prices will remain steady, especailly after "high season".
Congrats on your move to the Pacific NW. It's a great place to live. A litle less sunshine then you are used to but a lot less humidity.
Seattle has survived the housing crisis better then almost anywhere else in the country. It is however a really neighborhood specific market. This id true most places but especially in Seattle. Some neighborhoods have seen a drop, but for the most part Seattle has seen a flattening of prices an not so much a drop. If you also take into consideration that we have seen a disappearance of the multiple offer bidding up and overpaying for homes go away, the change in price is even less dramatic.
Now is a great time to buy in Seattle. I know, I know, I am an agent and we all say that, but it's true. Interest rates are low, buyer's have more of an edge then they have seen in recnet years, and you can negotiate some great things that you didn't have a chance at a few years ago.
Let me know if you want information about specific neighborhoods. You'll consider yourself a local in no time.
It looks as though you are getting some good feedback on your question. I appreciate finding the SeattleBubble reference because its inclusion reinforces the opinion that Iâ€™m going to give to you, as a Realtor. Just as you will get a diversity of opinions on the market in this forum, you will find good and bad value in any real estate market situation, regardless of public opinion. The relationship between the seller and buyer of a home is very personal and based on motivation. If you find a property that you can live with for the next 5 years and it is owned by a motivated seller, you have a recipe for good value anywhere in the Seattle area. There is some emotional uncertainty driving some sellers. If you are working for a popular software company, however, and want to live within a 15 minute bus ride of your new office, you may find yourself compromising on price. We still see multiple offers in some situations. Location, location, locationâ€¦The point is that the market is based on what a similar property sold for most recently, not what the average or mean prices of the NWMLS are. I suggest that good Realtors attempt to draw the motivations of a seller and buyer together on a very individual basis. If the Realtor avoids dual agency and acts strictly as a buyerâ€™s agent you have an even better chance of achieving value.
I always like to recommend local newspaper sotes to people coming into the area. The Seattle Times link, below, has a lot of local color.
Best of luck.
The Wall Street Journal recently published a neat summary of market stats for different areas, and Seattle and Ft. Lauderdale are both on it. You will see when you click the link that it would take about 3 years to sell all of the houses that are on the market in Ft. Lauderdale at the current pace. That is not great news if you are planning to sell before moving here. Seattle is considered to have one of the strongest markets in the country, but buyers are still finding that they can ask for more concessions than they could a year ago. I hope this helps.
The link below will show you some graphic snapshots of Northeast Seattle.
Prices have dropped in nearly all areas in the last year, some more than others. Here is a link to a blog post I did a while back that charted price drops. I didn't create the data (that came from Radar Logic), and it doesn't address Ft. Lauderdale spcifically, but it may give you some insight into the differences.
Best of luck on your upcoming move...