Learn about local real estate and housing market trends from The Cascade Team Real Estate.

This is so funny! And perfect with Valentines Day right around the corner! SNL captures the mood Zillow is going for!

Local Real Estate News Blog for Sammamish and Issaquah

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KIRKLAND, Washington (February 4, 2021) – Home buyers who have been precluded from entering Puget Sound’s competitive market may want to consider condominiums as an option, according to industry experts who commented on the latest housing statistics from Northwest Multiple Listing Service.

  •          1 out of every 4 listings is a Condo.
  •          King County condo prices “entered negative territory in January,”
  •          Prices for condos down about one-half percentage point compared with the same month a year ago.
  •          Growing number of homeowners who are choosing to move further away from core urban areas.

“With the trend toward telecommuting and moving to outlying suburban areas, the Seattle/King County condominium market…

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A FULL SERVICE REAL ESTATE BROKERAGE FOR HOME SELLERS

A harbinger of the 2021 market is tight listing inventory, low interest rates, and high buyer demand continuing to drive momentum.

“Insatiable buyer demand” is keeping inventory scarce as house hunters try to outmaneuver and outbid each other, according to reports from Northwest Multiple Listing Service (NWMLS). Its statistical summary for the end of 2020 showed strong activity throughout the holiday season with double-digit increases in new listings, pending sales, closed sales, and prices.

Measured by months of inventory, there is only about two weeks of supply (0.53 months) overall. Only five counties had more than a month of supply, well below the four-to-six months of supply used by…

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Covering housing news and more. Our informative and locally based real estate news blog will feature the latest housing statistics for Sammamish and Issaquah as well as information on Bidding Wars, mortgage rates and local information that affect your home and commute like the new Klahanie Bridge on Issaquah-Fall City Road.

We’ll dive deep into the stats and strive hard to provide detailed analysis the is helpfully while also being easy to understand.

If you ever have a question or suggestion we’re here. Just reach out to us and let us know and we’ll be happy to answer!

Check out some of our most current stories below:

Klahanie Bridge / Issaquah Fall City Road Construction Delayed

Housing Crisis 2021: Lack of Inventory

What to Know…

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Due to unforeseen circumstances, including construction delays caused by necessary third-party utility relocations and inclement weather, the City of Sammamish's Public Works Department has determined the road opening by end of January is not feasible.

The City of Sammamish has looked at options to hasten the construction or partial openings but has determined in an abundance of caution that these options are not safe nor realistic due to weather events and fiscal constraints.

Upon reviewing the contractor's updated and current schedule, and the status of utility relocations, the bridge and roadway are now scheduled to be opened to traffic on May 1, 2021.

We understand this inconvenience and thank you for your continued patience as we work to…

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Certainly exacerbated by the pandemic, this housing crisis is all about one thing: supply

A harbinger of the 2021 market is tight listing inventory, low interest rates, and high buyer demand continuing to drive momentum.

“Insatiable buyer demand” is keeping inventory scarce as house hunters try to outmaneuver and outbid each other, according to reports from Northwest Multiple Listing Service (NWMLS). Its statistical summary for the end of 2020 showed strong activity throughout the holiday season with double-digit increases in new listings, pending sales, closed sales, and prices.

Measured by months of inventory, there is only about two weeks of supply (0.53 months) overall. Only five counties had more than a month of supply, well below the…

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Check out Jennifer's Cascade Team Profile!

OUR LOCAL REAL ESTATE TEAM

Cascade Team Real Estate agents are proactive in serving their customers, studying the market and touring homes, so they can provide the most accurate housing market data for their clients. This helps you better understand the competitive environment, pricing strategies and provides an edge in the negotiation process.  Our goal is to always meet and exceed your expectations.  We look forward to the opportunity of working with you on your next real estate transaction.

Download The Cascade Team Mobile App for Free!

 

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This is the real estate climate we're currently living in—and it has everything to do with the COVID-19 pandemic.

The COVID-19 pandemic has had a major impact on the real estate industry, and as a result, many parts of the country are experiencing what is known as a seller's market. The pandemic caused everyone to reevaluate where they're being quarantined.  Take the simple fact that a home is no longer a home, the home is now a workplace as well. It's also a school. And that really has gotten a lot of people in a position where they've decided to pull the trigger and change the condition that they live in.

"Simply put, a seller's market is a marketplace in which sellers have a competitive advantage due to pent-up buyer demand and low home…

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Check out Alice's Cascade Team Profile!

OUR LOCAL REAL ESTATE TEAM

Cascade Team Real Estate agents are proactive in serving their customers, studying the market and touring homes, so they can provide the most accurate housing market data for their clients. This helps you better understand the competitive environment, pricing strategies and provides an edge in the negotiation process.  Our goal is to always meet and exceed your expectations.  We look forward to the opportunity of working with you on your next real estate transaction.

Download The Cascade Team Mobile App for Free!

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The 2021 Real Estate market is off to fiery start! Inventory is low and homes that hit the market are selling for WAY over list price! Yesterday, I had my 1st sale of the year and as I reflect on last year with 44 closings, I know we are going to see a lot more inventory in the coming months. If you are thinking of buying or selling I would love to help! With 1% listing fees, I save my sellers a lot of $$ and I LOVE working with buyers as well. I am thankful for my clients in the past, present and future! Enjoy the weekend and Cheers to a great year ahead! Warmly, Hailey

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