If you’re thinking about selling your home on Seattle’s Eastside, you might feel a little uncertain. Maybe you’re wondering if moving makes sense in today’s market. Or perhaps you’re worried about finding a home you’ll love after you sell. These are valid concerns, but the Eastside’s unique real estate dynamics—combined with current market trends—may make this the perfect time to make your move.
Let’s dive into why demand on the Eastside is so high and how you can overcome the biggest worries about selling your home.
Is It a Good Time To Sell?
One of the biggest hesitations for homeowners right now is mortgage rates. If you sell, you may have to take on a higher rate for your next home. While this concern is understandable, your equity could be the key to making your move more manageable.
Equity is the difference between what your home is worth today and what you still owe on your mortgage. Thanks to years of steady home price appreciation, Eastside homeowners are sitting on significant equity. For example, as of late 2024, the median home price on the Eastside is $1,299,386, reflecting a 17.9% increase over the past year. This surge in equity can empower you to make a larger down payment on your next property, reducing the amount you’ll need to finance at current rates. In some cases, homeowners with substantial equity may even be able to purchase their next home outright, avoiding financing altogether.
The bottom line? Your equity is a powerful tool, and it could make selling and buying your next home more feasible than you think.
Will I Be Able to Find a Home I Like?
This is another common concern, especially if you’ve been following the real estate market over the past few years. Inventory was tight, and competition among buyers was fierce. But things are improving.
Recent data shows inventory on the Eastside is growing, with the number of homes for sale up 6.5% from just a month ago. This gives you more options than we’ve seen in recent years while still maintaining the competitive environment that makes your current home desirable to buyers. It’s a sweet spot for sellers and buyers alike.
Of course, inventory varies depending on the neighborhood and price range, so working with an experienced local real estate agent is critical to finding the right fit for your next home. Whether you’re looking for a luxury estate in Medina or a neighborhood full of amenities in Sammamish, expert guidance can help you navigate the options.
Why Is Demand So High on the Eastside?
Demand on the Eastside remains strong because it’s simply one of the best places to live in the Pacific Northwest. Here’s why buyers are so drawn to the area:
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Job Market: The Eastside is home to tech giants like Microsoft, Amazon, Google, and Meta, offering high-paying jobs and career stability. This attracts professionals from all over the world.
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Top Schools: The Eastside is highly sought after for its award-winning schools in districts like Bellevue, Lake Washington, and Issaquah, which consistently rank among the best in Washington. These schools are a major draw for those seeking access to top-tier education..
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Balanced Lifestyle: Buyers love the blend of urban amenities and natural beauty. With bustling downtowns in Bellevue and Kirkland, waterfront activities on Lake Sammamish and Lake Washington, and miles of hiking trails, the Eastside offers something for everyone.
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Diverse Housing Options: From luxury waterfront estates to modern condos and neighborhoods full of amenities, the Eastside has a variety of housing to meet different needs.
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Strong Investment Potential: Home values continue to rise, making Eastside real estate a sound financial investment.
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Quality of Life: The Eastside is known for its safety, vibrant neighborhoods, and abundant access to outdoor recreation, making it a highly desirable area for many.
A Personalized Approach for Sellers
Selling your home is a big decision, and it’s normal to have concerns. But with the right strategy and guidance, you can turn these challenges into opportunities. Here’s how we help:
- Understanding Your Needs: We’ll take the time to listen to your goals and priorities to create a plan tailored just for you.
- Maximizing Your Home’s Appeal: From staging to professional marketing, we’ll ensure your home stands out in this competitive market.
- Finding Your Next Home: Whether you’re upsizing, downsizing, or relocating, we’ll help you explore all your options to find a home you love.
The Bottom Line
Selling your home doesn’t have to be overwhelming. With the right approach, you can take advantage of today’s market dynamics, leverage your equity, and find a home that meets your needs. The Eastside’s strong demand, incredible quality of life, and growing inventory make this a great time to make your move.
Let’s connect to discuss your unique situation. We’re here to guide you every step of the way and ensure your transition is as seamless as possible. Together, we can help you take the next step toward your real estate goals.
Our Listing Process
With Shane & Anne, our mission is to prioritize our clients in every aspect of the real estate journey. We are committed to providing exceptional service and expertise in the luxury real estate market. Guided by our core values, we strive to build lasting relationships based on trust and mutual respect.
Our Core Values:
- Loyalty: We are unwavering in our commitment to our clients, always putting their needs and interests first.
- Honesty: We operate with the highest level of integrity, providing truthful and transparent communication at every step.
- Confidentiality: We respect our clients' privacy and handle all transactions with the utmost discretion.
We are committed to staying ahead of market trends and continuously enhancing our skills and knowledge to deliver unparalleled results. Our goal is to make the real estate experience as smooth and rewarding as possible, ultimately helping our clients achieve their real estate dreams.