Homes In Carlsbad - Housing Market Update

As of July 10, 2011, the median price for a single family residential home in Carlsbad fell to $715,000, with an average of 127 days on market.  In addition, there were 54% of the active listings that had price reductions, an uptick showing a further downward pressure on prices.  While housing market action is essentially flat, and there doesn't seem to be a strong pull on home prices in either direction, both the 90 day and 7 day averages are showing a downward trend.  Based on this market action, housing inventory appears to be rising, currently sitting at 16274 total residential & condo listings available.  Carlsbad home buyers still have a variety of homes to choose from and there doesn't appear to be any sense of urgency by buyers.  We need to see…

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Now You Can Substitute a New Buyer for One Who Walked Without Restart

Special Bank of America - The Cascade Team Real Estate financing offers HERE

As an example of our commitment to improving the short sale process, Bank of America now allows real estate agents to submit a backup offer on a transaction if the original buyer has walked away from the sale.  This means you will no longer have to initiate a new short sale; instead, you can continue with the original transaction in Equator and still work with your same short sale specialist.  This change will save you time by not having to repeat a number of process steps. When a Backup Offer Is Ready You should send a message to your short sale specialist via Equator when the original buyer is no longer interested…

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Sold Home In Sammamish

                JUST "SOLD" in Sammamish!

                                   By Shane and Anne

           22110 NE 3rd Place             Sammamish

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Homes In Ballard - Seattle Real Estate Update

As of July 12, 2011, there are currently 62 residential homes in Ballard for sale.  These homes have been on the market an average of 116 days, at an average list price of $434,283.  In addition, of the 62 active homes, 9 are short sales and 2 are currently bank owned.  Overall, it would appear that Ballard is demonstrating some decent activity, but here is where is gets a little better.

Next, when we look at homes that are in pending status (have an agreed to contract on them), there are 31 of these pending homes, at an average price (at the time the contract was written) of $404,951.  These homes, however, were on the market an average of 40 days; nearly 1/3 the time of the currently active listed homes.

Lastly, when looking at the sold/closed homes…

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Homes In Sammamish - A Real Estate Market Update

As of July 11th, 2001, there are currently 249 active listings in the city of Sammamish priced higher than $430,000.  These currently active homes for sale have an average price of $775,474, and an average days on market of 114.  When looking at the sold homes over the last two weeks, the average sold price in Sammamish was $851,530, at 119 days on market; however this average selling price was elevated by a couple of expensive homes.  These home sellers closed these homes at an average of 96.97% of their asking price when the offer came in. 

However, if you remove the expensive properties and just focus on homes between $430K and 1 Million, there were a total of 21 closed homes in the last two weeks; averaging 106 days on market, with an average home…

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Homes In Queen Anne - Real Estate Update

As of July 11th, 2011, Queen Anne had 9 new homes for sale hit the market last week, with an average list price of $754,000.  There are currently 99 homes for sale in Queen Anne, at an average selling price of $154,989, and average days on market of 125.  Homes priced between $675,000 and $800,000 have an average days on market of 98, which is being elevated by three homes that have been on the market greater than 277 days.  Finally, there have been 5 homes close on Queen Anne in the last two weeks, at an average selling price of $767,000.  These homes closed at 98.8% of their asking price in an average of 60 days.  This price point appears to be a hot comodity in the Queen Anne area right now and homes that are priced well are selling quickly.  Taking…

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37th Annual Ballard SeafoodFest

Come and visit The Cascade Team booth at this year's Ballard SeafoodFeat!

We hope you're getting excited too and mapping out your plan of attack. FInd your Viking helmet,
pull out some warm weather garb, and get ready for a world of fun.

Entertainment

Year after year, SeafoodFest prides itself in offering first-rate professional entertainers. This year is no exception! Two separate stages provide a broad appeal— one for youngsters and their families and the other for those with more grownup tastes. Whether you sit in the beer garden, on the lawn or under a tree, you can enjoy all of our entertainment free of charge. Come for one act or camp out for the whole weekend.

SeafoodFest has activities for all…

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Fastest Way to Sell a Home? Underprice By 10%

CLICK HERE - Washington Home Value Report

CLICK HERE - San Diego Home Value Report

Home sellers probably won’t be too happy, but housing experts in an article at CNNMoney say that underpricing a home by 10 percent may help it sell faster. And while sellers may lose out on thousands from the sale, they likely will avoid months of carrying costs from the home lingering on the market to offset that loss.

The high inventory of foreclosures on the market is making it difficult for sellers to compete against these ultra-low prices. Therefore, “listing your home for less than comparable ones in your neighborhood is the best way of unloading it as quickly as possible,” according to the article.

You could even attract a bidding war, says Steve Murray,…

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Home prices, inventory showing signs of stabilizing.

Free custom On-Line Home price report HERE

Pending sales around Washington state at mid-year surpass year-ago levels;industry leader says "It feels like we have hit the bottom of the market"

KIRKLAND, Wash. (July 6, 2011) – Continuing the double-digit gain in home sales during May, last month's pending sales surpassed the volume for June 2010 by nearly 36 percent . Northwest Multiple Listing Service members reported 7,539 mutually accepted offers last month, up nearly 2,000 transactions from the year-ago total of 5,547 pending sales of single family homes and condominiums.

At midyear, Northwest MLS brokers have logged 41,151 pending sales for a slight improvement on the total of 41,001 for the first six months of 2010 when sales were stimulated…

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Weekly Carlsbad Real Estate Market Update

As of July 3, 2011, the median price for single family detached real estate in Carlsbad was $724,000; a slight up tick from two weeks ago.  The seven day median real estate price average has been trending down, as showing in the graph below; and with housing inventory still trending up, there appears to be downward pressure on real estate prices in the market.  We need to see the 7 day average move back across the 90 day average to show a longer term uptrend in Carlsbad real estate prices.  The current environment appears to be holding flat, and we will need to see either more property sold, reduced inventory, or real estate prices migrating up (creating a sense of urgency among realestate buyers) to move out of the current market cycle.  Days on…

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