Local Market News What I’m Seeing – June 2021 Apparently I wasn’t the only one who noticed Seattle had good opportunities for buyers – since I wrote about it in April, the median sales price has increased over $90,000 – that’s 20% higher than it was a year ago.  The median sales price on the Eastside has remained stable the last few months, but […]
Local Market News What I’m Seeing – May 2021 April was an exciting month for sellers on the Eastside as over 80% of homes sold over their list price. On the positive side for buyers, inventory (though still critically low) increased significantly, and the median price of homes dipped a little from $1.35M to $1.3M for single-family homes and from $575,000 to $525,000 for […]
Local Market News What I’m Seeing – April 2021 Whether you are a numbers person or not, March statistics are hard to ignore. They mirror what I’m experiencing, working with buyers on both sides of the lake. Seattle is becoming an increasingly attractive option for homebuyers and investors focused on affordability as well as access to employment centers and amenities.  Here are a few […]
Local Market News What I’m Seeing – March 2021 In my 15 years as a Realtor, this is the strongest seller’s market I have seen. That said, it is important to understand that there is a significant difference between the condo and single-family markets, particularly in Seattle. For condo sellers, this means it’s important to properly prepare and price your home to get top […]
Local Market News What I’m Seeing – February 2021 The excitement continues! This past month I helped 2 of my buyers secure their dream homes despite multiple offers, 3 of my new listings sold before hitting the market, and 2 more sold within days with multiple offers. I have several more listings coming this month and I anticipate more of the same. I’m beginning […]
Local Market News What I’m Seeing – January 2021 As I expected, we are continuing to see a very strong seller’s market with incredible demand from buyers resulting in favorable outcomes for sellers. My two most recent listings sold above list price in less than a week with a total of 35 offers! With such a competitive market for buyers, it’s critical to be […]
Local Market News What I’m Seeing – December 2020 2020 continues to keep us on our toes. For a short time open houses were allowed, but currently, we are only able to show homes by appointment. Fortunately, we are still able to sell homes safely by taking appropriate precautions. Given the continuing inventory shortage, it’s important for buyers to plan ahead and be flexible […]
Local Market News What I’m Seeing – November 2020 Despite election uncertainties, our real estate market remained robust. Continuing inventory constraints have prompted buyers to be more creative, extending their search areas and considering presale and off-market new construction options. I have traveled from Quincy to Enumclaw to Auburn the past few weeks, successfully helping my buyers find new primary or secondary homes. Are […]
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Local Market News What I’m Seeing – October 2020 Wow, what a market! With online schooling and more people working from home, I am seeing a real shift in housing needs. Many people now require multiple spaces to accommodate these lifestyle changes. Rural properties have never been hotter as buyers seek more space, both inside and outside. I had a record number of closings […]
Local Market News What I’m Seeing – September 2020 Incredibly attractive interest rates continue to increase buying power. I anticipate some relief for buyers struggling with low inventory with more homes coming on the market as people settle into their post-summer routines. If you are considering a change this year, please reach out so we can discuss how I can help!   BY THE […]
Local Market News What I’m Seeing – August 2020 July stats reflect last month’s strong real estate market with increases in price and value and a decrease in the number of days on market.  So far August feels more like our traditional summer market. I’m starting to see signs of things calming down a bit, with fewer multiple offers bringing a welcome reprieve to […]
Local Market News What I’m Seeing – July 2020 The past few weeks I’ve had the pleasure of working with buyers across the price-spectrum – from investors looking for $300k condos to buyers in the $2M+ range. Inventory remains tight across the board. Sellers that have pre-inspected, prepped/staged their homes, and priced them appropriately, are getting a great response. However, if a property is […]
Local Market News What I’m Seeing – June 2020   As restrictions ease, real estate is normalizing, also. New sales in King County were the same last week as a year ago. Inventory remains limited so it’s an excellent time to sell. For buyers, competition is highly dependent on the area and price point. Being conditionally approved for a mortgage (rather than simply pre-approved) […]
Local Market News What I’m Seeing – May 2020 The big news this month is that builders are back to work! With low-interest rates and some builders offering incentives, now is a great time to consider new construction. The resale market is very price-sensitive with well-priced listings moving quickly. Bullish Sellers, on the other hand, are seeing extended market time even in our low-inventory […]
Local Market News What I’m Seeing – April 2020 I hope everyone is well and making the best of staying home. As with everything during this time, real estate is changing and evolving as we go. Governor Inslee recently deemed real estate as an essential service, so long as required precautions are followed. Showings are by appointment only and with a total of 2 […]
Local Market News What I’m Seeing – March 2020 Naturally the most frequent question I’m getting lately is about how the coronavirus is impacting our local market.  So far, traffic remains brisk and multiple offers with escalations continue for well-presented listings. Savvy buyers are taking advantage of the increased buying power that historically low interest rates afford. Investors looking for a reprieve from stock […]
Local Market News What I’m Seeing – February 2020 Interest rates dropped again prompting buyers to leap off the fence resulting in multiple offers for well-priced, turnkey properties. Sellers – this is your sweet spot! Inventory is increasing daily but we are still far short of meeting buyer demand. Savvy sellers are rushing to get their homes on market and take advantage of this seasonal […]
Local Market News What I’m Seeing – January 2020 2020 is off to a great start! We normally see a bit of a lull in January, but my open house traffic is already up significantly this month. In particular, I’m seeing heightened activity in the “affordable” range (under $1M). Extremely tight inventory and excellent rates are motivating buyers off the fence in what is shaping […]
Statistics Local Market Update – December 2019 Favorable interest rates and soaring rents boosted activity in the housing market in November. More buyers competing for less inventory kept home prices strong. With the supply of homes far short of demand, sellers can expect well-priced properties to sell quickly this winter. EASTSIDE With just over a month of available inventory, demand on Eastside […]
Statistics Local Market Update – November 2019 A steady influx of buyers continued to strain already tight inventory throughout the area in October. Home sales were up, as were prices in much of the region. With our thriving economy and highly desirable quality of life drawing ever more people here, the supply of homes isn’t close to meeting demand. Homeowners thinking about […]