Current Market Snapshot Infographic | Statistical Reports
KIRKLAND, Washington (November 7, 2019) - "People are moving here, home prices will continue to increase, inventory shortages will occur. That's our future," remarked Dick Beeson, principal managing broker at RE/MAX Northwest in Gig Harbor, upon viewing the October statistics from Northwest Multiple Listing Service.
Active listings of homes and condos totaled 14,379, the lowest level since April. Compared to a year ago, last month's selection declined more than 21% and was down 10% from September, according to the new report from Northwest MLS. The year-over-year and month-to-month volume of new listings also declined last month. On a positive note, MLS
Sellers Here's How to Prepare for a Home Inspection
Some good advice: Do not try to conceal any defects you know are in the home. The key here is to work together! All homes have some issues, none are perfect so buyers and their agents are prepared to purchase a home that may have some issues.
The home inspector may find any defects anyway, and you don't want to be breaking any laws or causing the process harm. After all, you want to sell your home, and someone wants to buy it!
Here are some ways to be ready for the inspection:
Keep your power on if you are listing your home vacant (the home inspector may need to check a few things that need power)
Check all your light bulbs and change any burnt out bulbs. This may cut down on time the
Rarely on the market this adorable move-in ready mountain getaway condo, features its entrance NEXT TO SLOPES of Summit East (Hyak).
The open floor concept is low a maintenance studio style with main level easy access. The unit has an enclosed balcony that can be used for extra storage or to create additional living space. You can reserve the BONUS condo room for guests right next door at no charge!
Perfect get-away for the weekend warrior/mid week shredder/all mountain enthusiast. Close to John Wayne Trail, Low HOA dues.
The market’s chilled out, but Seattle home prices still too hot for many first-time buyers
The Seattle area’s home prices have taken a break from their skyward trajectory of a year ago.
Seattle lost the title of the nation’s hottest housing market in August 2018 — but looking at home prices, which have stayed sky-high, that might be hard for shoppers to believe.
New monthly data shows the median price of a single-family home in Seattle — $760,000 — is exactly the same as it was one year ago. The same holds true for Bellevue, where a typical home ran $935,000 in August.
And while King County as a whole charted an infinitesimal bump in year-over-year home prices, it was so small that you might miss it if you
Buying a home is likely the biggest purchase you’ll make in your lifetime. There’s a reason why people joke they feel “house poor” when they leave the closing table. Too often the burden of the down payment leaves homebuyers’ cash reserves empty.
And, new data shows that can be a recipe for financial stress.
A better measure: Cash on hand
Research by the JPMorgan Chase Institute flips the script on homebuyer risk. It turns out that having a cash cushion trumps a big down payment.
Historically, a big down payment is associated with lower risk, but the report found that liquidity — having at least three months of mortgage payments available — is a better measure of homeownership success. In fact, borrowers with less than one month of
This in from the Northwest Multiple Listing Service:
KIRKLAND, Washington (September 9, 2019) -
Depleted inventory continues to frustrate would-be buyers in Western Washington. Many of these potential homeowners are expanding their search beyond the major job centers in King County, according to market watchers who commented on the latest statistics from Northwest Multiple Listing Service.
The MLS report summarizing August activity shows less than two months of supply system-wide, and only about 1.6 months of supply in the four-county Puget Sound region. The sparse selection is pushing up prices. For last month's sales of single family homes and condos across the 23 counties served by Northwest MLS, prices rose nearly 6.2% compared to a year
Do open houses actually sell homes in todays age of technology available at every persons fingertips? Well let me tell you about my experience thus far hosting opens for our clients. We have found that with a well presented home, supported by strong marketing program and techniques can generate an overwhelming amount of guests for successful open house! Of course, this is possible because of the internet.
In fact, I hosted an open house that went on the market that same weekend as the open. These sellers received multiple offers after the weekend wrapped up! Whoah! We saw an increase of in foot traffic from knowledgeable, able, and ready buyers. This particular open home had 20-30 different guests touring the home!
This is a very exciting time in the market right now with the extremes we have been experiencing in home appreciation, job growth, and relocating techies driving the market with their buying power. We are expected to experience an economic slowdown according to local and national economists. However, we are not expected to see a housing crash like before; and here's why:
As recently as May 2018 our market has seen a sharp right hand turn, and all of a sudden we are now the fastest decelerating market in the U.S. according to Case-Shiller Home Price Indices; and this after experience the #1 spot leading the nation last spring.
Seattle's booming tech industry drove the housing market into an unsustainable upward spike in home value appreciation
f this the first time you're considering buying a home, or selling your first purchase, there are a lot of possible challenges you can end up facing. Having the right agent can ensure you're able to get through these challenges, but since some of the issues are universal, let's review some mistakes you want to avoid making.
1. THE RIGHT PRICE
Pricing a property is a science of it's own. There are a lot of components and factors, so many small details, that ultimately lead to the value of a home. Although there are a lot of sites with estimates, namely Zillow, the technology uses on online sites to determine property values are simply not accurate. Zillow even states that their numbers can be inaccurate up to a whopping 20%. Without a