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

What:  Please join us at our new listing in Trossachs tomorrow! 

Where:  1014 270th Place SE, Sammamish 98075

When: Tomorrow, July 19th, 11:00-1:00

Many of you have previously visited this home, but we would like to invite you to come back tomorrow to re-visit the home as the price has been reduced. 

The home is beautiful!  The homeowner has painted all of the bedrooms upstairs and the home is now vacant!  

We would love you to come on by, take a peek at the home for any of your clients and enjoy some chili and cornbread!

See you tomorrow!

SHANE AND ANNE

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The Cascade Team Real Estate Always- (206) 915-SOLD (7653) (425) 996-9523 - Fax email- shane-anne@live.com Simply Outrageous Service!  1% Listing Fee! Short Sale Specialist

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As of July 18, 2011, there are 242 active homes in Sammamish between $400K and $1 Million.  These homes haave an average price of $616,901, and an average days on market of 111.  There are currently 16 shorts sales in Sammamish at an average price of $618,950 and 189 days on market, while there are only 7 bank owned homes at an average of $492,029 and 110 days on market.

Next, lets take a look at the pending homes in Sammamish.  There are three classifications on pending, the first being "pending inspection".  There are currently 30 homes at pending inspection at an average of $646,902 and 84 days on market.  These are homes that now have a contract and the buyers are in the process of having the home inspected.  Next there are 8 homes as "pending…

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As of July 15th, 2011, there are currently 429 active residential homes for sale in the city of Bellevue.  Of the 429 active listings, 19 are bank owned homes, with an average price of $563,779 and 118 days on market, and 35 are shorts sales, with an average price of $676,654 and 153 days on market.  It would appear based on this that buyers are not as drawn to short sales as prices don't appear to be as attractive as they once were. 

Between $500K and $1 Million, there are currently 177 Bellevue homes for sale; not including any short sale or bank owned homes.  This current block of Bellevue real estate has an average price of $714,949, and an average days on market of 112.  Bellevue homes that are currently in pending inspection have an average price…

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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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           shaneanne_120_01     JUST "SOLD" in Sammamish!

                                   By Shane and Anne

  

 

 

 

           22110 NE 3rd Place             Sammamish


 


 

 


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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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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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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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Ballard Seafood Fest 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.

Get ready for all the fun!
 

SeafoodFest has activities for all…

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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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