Let’s look at our brokerage stats for the Seattle area to see how what our clients are doing right now reflects what’s happening in the market.
The information in this post comes from the NWMLS, the database for real estate transactions and listings for western Washington state, as well as our own database and surveys of Redfin customers.
We Have The Top Three Buyer’s Agents In King County
According to the NWMLS, Redfin agents Allie Howard, Febe Cude and Trevor Smith are tops among agents who represented home-buyers in King County for April based first on number of deals, then by total dollar amount.
|Rank||Agent||# of Deals||Total Sales|
We also worked on a couple of deals with new construction homes that weren’t listed in the NWMLS. Cheryl closed on a $1.7 million home on the Eastside and Allie worked with a client the purchase of a $419,000 condo in Seattle.
Redfin clients work with some of the most active and successful agents in King County. Redfin agents are experts in the current real estate market and they know what it takes to help our clients buy the homes they want.
Our Clients Love Our Fanatical Service
We survey every client and track every transaction in a central customer database. For the surveys we received in April from our Seattle-area clients:
- 41 clients responded to our customer-satisfaction survey and posted a review online, up from 35 in March.
- 39 of those clients, or 95%, would recommend Redfin to a friend, up from 94% in March.
In these surveys, Redfin asks customers to rate the likelihood that they would recommend Redfin to a friend on a 0-to-10 scale. Customers who rated 6 or higher count as people who would recommend Redfin to a friend.
More People Are Out Looking At Homes
In April, our Seattle clients were busy seeing homes and making offers:
- Redfin clients in Seattle toured 1,240 homes in April, a 36% increase from the 914 homes toured in March.
- Our clients made 63 signed offers on homes, the same number as in March.
- Our Seattle agents were busy working on these signed offers:
o Trevor Smith: 20 offers
o Febe Cude: 13 offers
o Rachelle King: 9 offers
o Allie Howard: 8 offers
o Loren Ellingson: 7 offers
o Cheryl McLaine: 6 offers
- 3 of these offers, or 5%, were on bank-owned foreclosures, down from 16% in March.
It’s Taking 36 Days To Close On A Home
In April, it took slightly less time for our Seattle clients to close on their homes than it did in March:
- For our clients who bought re-sales, the average time from the initial agreement on terms until the close of the deal was 36 days, down from 38 days in March.
- All of our clients successfully financed their homes; 1 of our client’s failed to get financing in March.
- 1 deal failed the home inspection, up from 0 in March.
- Of our closed deals, the average discount off list price for homes sold was 4.88%, up from 3.41% in March.
Look For Our May Report
We’ll be back next month with our analysis of the May numbers. Let us know what you’d like to see in that report.