What areas were the most competitive this year for homebuyers?
With homes being swept off the market in under a week and selling significantly over asking price, are you curious in knowing which Greater Seattle markets ranked among the “Hottest” neighborhoods of 2016? Keep reading to find out!
1. The Factoria Neighborhood of Bellevue, Washington
In this Bellevue suburb, the median home sales price jumped 25.9% above 2015’s total to $352,000. The average sale-to-list price ratio was 104% with nearly two-thirds of the homes in the area selling for above asking price and the median number of days that homes were on the market was just seven!