Intrust Funding, the leading hard money lender in Western Washington, is bringing you the latest market updates:
As we move into Spring of 2013, our latest market report will give you a clear picture of the improvements in the real estate market over the past year. It’s an ideal time for investors to take advantage of the many opportunities out there to invest in cash flow or flips.
Inventory was lower in 2012 than 2011, indicating a positive change in the real estate market. In King County, with 38,198 new SFH and condo listings, inventory was down 9.7%. In Pierce County, with 15,876 new SFH and condo listings, inventory was down 13.5%. In Snohomish County, with 15,281 new SFH and condo listings, inventory was down 15.8%.
In addition, the months supply ratio has significantly lowered in 2012, indicating the rising strength of the market.
Months supply is an estimate of how long it would take for the entire inventory of active listings to sell at the current pace, assuming no new inventory comes onto the market. Economists consider a supply of 3 to 6 months to be a balanced market, meaning the market favors neither buyers nor sellers.
Let’s take a look at the changes in the real estate market between 2012 and 2013. King, Pierce and Snohomish county have all experienced a positive upswing in the 12 month period.
If you want to learn more about how to purchase flips and cash flow properties, we have created a free Flip & Cash Flow class taught by Co-Founders Will Heaton & James Dainard, who have successfully invested in hundreds of properties in Washington. We have several spots left for our March 18th class at 6:15 PM in our Bellevue office. Let 2013 be the year that you accomplish your long-term financial goals and reach new levels of cash on cash return
Please email meredith@heatondainard.com to reserve a spot today!
Want to be approved for a hard money loan today? Contact will@intrustfunding.com for more information.
