Zillow Goes Public

"Real estate site Zillow.com filed for a $51.75 million initial public offering Monday.  The Seattle-based company didn't say in its Form S-1 filing how many shares it planned to sell, nor how it would price each share. However, it did say that Technology Crossover Ventures and PAR Investment Partners agreed to buy a total of $5.5 million of common stock directly from Zillow."

Source: NEW YORK (CNNMoney) By Julianne Pepitone, staff reporter (April 18, 2011: 4:50 PM ET)

Overall home sales may still be down since the boom, but the real estate tech industry is looking good.  Trulia, Zillow, Estately and Redfin have started to thrive in the dot com world.  Capitalizing on social networking integration and web advertisement these companies are providing better tools for the home buyer, seller, real estate agent and other real estate industry professionals.  As a home inspector working from Seattle to Wenatchee these websites have been a valuable tool for marketing our services over a board service area.  I'm looking forward to the many opportunities these sites present as they grow.

Wenatchee Market Trends

Spring is here. This time of year is associated with growth and rejuvenation. I thought it was time to look at the recent real estate market trends. Last month was interesting. April 1st marked the expiration of the $8,000 new home owner tax credit. A few people were making the sprint to the finish line just under the wire. Recently I was reading data from zillow.com, trulia.com and movoto.com. These websites provide free information about market trends. It appears that the Wenatchee real estate market is staying constant and relatively strong. The total inventory is 60 homes versus 59 just 1 month ago. The median days on the market has had considerable positive performance reducing by 48% from March 2010 for 39 days on the market in April 2010. We saw a huge move for homes reducing their list price. That strategy must have worked because there was a visible increase in the number of homes sold in April 2010! For more information about Wenatchee market trends or any other U.S. realty market trend visit these websites below. They have valuable information. For more complete and accurate details contact your local real estate agent. They will happy to help you!

Referenced Websites:
http://www.motovo.com/
http://www.zillow.com/
http://www.trulia.com/

98801, Wenatchee Homes For Sale