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 overpriced or ill-prepared, it’s likely to sit. The good news is that savvy sellers can benefit from the critical inventory shortage and patient, well-prepared buyers have an opportunity to find hidden gems. Whether trying to determine the best price to sell your home or how to prevail as a buyer in a multiple offer situation, working with an experienced Realtor is key. I’d love to help.

On another note, if your mortgage is over 3.5% on your primary residence, you may benefit from refinancing as interest rates hit a new low this week. Please contact me if you need a referral to a trusted lender.

 

BY THE NUMBERS

Click the images below to download your neighborhood’s recent real estate figures!

 

EASTSIDE

SEATTLE

KING COUNTY

SNOHOMISH COUNTY

Posted on July 11, 2020 at 1:44 am
Sheri Putzke | Category: Local Market News, Statistics | Tagged , , , , , , , , , ,

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) can greatly increase the odds of a successful outcome. Please contact me if you need a referral to a trusted lender or would like a complimentary market analysis. I’d be happy to help.

 

BY THE NUMBERS

Click the images below to download your neighborhood’s recent real estate figures!

 

EASTSIDE

SEATTLE

KING COUNTY

SNOHOMISH COUNTY

Posted on June 12, 2020 at 8:27 pm
Sheri Putzke | Category: Local Market News, Statistics | Tagged , , , , , , , , , ,

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 environment.

There are some great opportunities for buyers, but due to safety concerns, many Sellers are requesting lender pre-approval before they allow their home to be shown. Please contact me for a referral to a trusted loan officer.

Finally, a word caution for Sellers considering forbearance: there is likely to be a negative impact on your credit for doing so that could prevent your ability to refinance for at least a year. Please be sure to read all documents thoroughly and check with a reliable resource before signing. Let me know if I can help.

BY THE NUMBERS

Click the images below to download your neighborhood’s recent real estate figures!

 

EASTSIDE

SEATTLE

KING COUNTY

SNOHOMISH COUNTY

Posted on May 12, 2020 at 9:54 pm
Sheri Putzke | Category: Local Market News, Statistics | Tagged , , , , , , , , , ,

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 people in the home at a time, including the agent. I feel fortunate to be able to work and I take the protection of my clients and the public very seriously.

In terms of the market, although the pace has slowed a bit, well-presented and appropriately priced homes continue to sell quickly, sometimes with more than one offer. That said, the buyer pool has understandably shrunk, decreasing the previously intense demand and creating an opportunity for serious buyers looking to take advantage of less competition and favorable interest rates.

As always, I’m here to help, please don’t hesitate to reach out with questions. In the meantime, stay safe and be well. Home has never been a more meaningful place to be.

BY THE NUMBERS

Click the images below to download your neighborhood’s recent real estate figures!

 

EASTSIDE

SEATTLE

KING COUNTY

SNOHOMISH COUNTY

Posted on April 13, 2020 at 6:15 pm
Sheri Putzke | Category: Local Market News, Statistics | Tagged , , , , , , , , , ,

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 market volatility are also looking to real estate for stability. Inventory remains extremely tight and demand strong.  My advice to my Sellers is to proceed as planned. We are taking appropriate preventive measures by providing hand washing stations at my listings and cleaning surfaces for open houses. As we are all aware, the situation is evolving rapidly.

I am monitoring real estate activity closely and welcome your questions  – please don’t hesitate to reach out to me!

BY THE NUMBERS

Click the images below to download your neighborhood’s recent real estate figures!

 

EASTSIDE

SEATTLE

KING COUNTY

SNOHOMISH COUNTY

Posted on March 12, 2020 at 6:00 am
Sheri Putzke | Category: Local Market News, Statistics | Tagged , , , ,

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 opportunity.  I have some great listings with more in the pipeline – call me or stop by my open houses to check them out!

BY THE NUMBERS

Click the images below to download your neighborhood’s recent real estate figures!

 

EASTSIDE

SEATTLE

KING COUNTY

SNOHOMISH COUNTY

Posted on February 13, 2020 at 4:49 am
Sheri Putzke | Category: Local Market News, Statistics | Tagged , , , ,

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 up to be a brisk Spring market. Buyers – it’s critical to get pre-approved before starting your search so you are shopping within your budget and are ready to offer when the perfect home comes along. Reach out to me for a referral to a trusted loan officer. Sellers – timing is everything!  To plan ahead for the Spring market, contact me now for a complimentary listing consultation.

BY THE NUMBERS

Click the images below to download your neighborhood’s recent real estate figures!

 

EASTSIDE

SEATTLE

KING COUNTY

SNOHOMISH COUNTY

Posted on January 15, 2020 at 5:35 am
Sheri Putzke | Category: Local Market News, Statistics | Tagged , , , ,