It is time to update our blog readers with our market statistics for the month of June 2009. We had a record month at findwell for buyer and seller activity, partly due to the market uptick in June, but also due to increasing awareness of our services in the Seattle real estate market.
Lots of Offer Activity
Our buyer activity for June broke all of our internal records. (We are still a startup, so admittedly this isn’t too hard to do.) We remain cautiously optimistic that market activity will continue at this pace.
- findwell agents led buyers on tours of 176 homes this month, a 21% increase over May. Home tours in June are up 163% from February and March levels.
- On average, each findwell agent has been inside ~230 homes so far this year, so you can be assured that the agent negotiating your home purchase is a true market expert.
- fiona, the findwell MINI Cooper, clocked 1514 miles on home tours and needed a couple car washes after a very busy month.
- The number of offers submitted and received by findwell increased 55% over May. Overall offer activity is triple the levels that we saw during the winter.
- 21% of offers placed in June were on bank-owned (REO) properties or short sales.
- We had just one transaction fail in June, due to an unanticipated job loss for our buyer.
Seller Traffic Still Strong
- findwell sellers averaged 9 showings of their property for June, which was down from May, but a number of properties were not on the market for the entire month which skews the statistics.
- Our agents received direct feedback from 68% of agents who showed our listings.
- For 2009, findwell’s listings have sold for an average of –0.6% off of list price and are currently averaging 47 days on market before accepting an offer.
Customer Quote of the Month
“I recently bought a foreclosed house from Fannie Mae using Kevin Lisota as my representative. The laborious Fannie Mae processes and procedures made the transaction extremely difficult and complicated. Kevin and the findwell team were able to identify, negotiate and successfully navigate the potential pitfalls involved with purchasing a foreclosed house. Looking back, it is almost comical how ridiculous the Fannie Mae requirements were. I would not think it was comical if I did not actually close on the transaction. With all the complications, Kevin kept a great attitude and continued to provide valuable insights and advice on how to move forward. They truly have done an excellent job and I could not provide a stronger recommendation for any real estate professional I have had the opportunity to work with. If you are buying a house with potential complications, findwell has the expertise to get the job done!” – Mark H.
