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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 in September and multiple offers on my listings. My buyer activity this month indicates that trend will continue. If you would like to discuss your short or long term real estate plans, I’d love to help!
BY THE NUMBERS
Click the images below to download your neighborhood’s recent real estate figures!
| EASTSIDE
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SEATTLE
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KING COUNTY
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SNOHOMISH COUNTY
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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 NUMBERS
Click the images below to download your neighborhood’s recent real estate figures!
| EASTSIDE
|
SE
ATTLE
|
KING COUNTY
|
SNOHOMISH COUNTY
|
Local Market Update – September 2019
A decrease in inventory coupled with an increase in sales activity led to fewer options for home shoppers in August. There is some good news for would-be buyers as mortgage rates have dropped to their lowest level in three years. Demand remains high but there simply aren’t enough homes on the market. Brokers are hoping to see the traditional seasonal influx of new inventory as we move forward.
EASTSIDE
The median price of a single-family home on the Eastside was $935,000 in August, unchanged from a year ago and up slightly from $925,000 in July. New commercial and residential construction projects are in the works. Strong demand for downtown condos has prompted plans for yet another high-rise tower to break ground next year.
KING COUNTY
Home prices in King County were flat in August. The median price of a single-family home was $670,000, virtually unchanged from a year ago, and down just one percent from July. Southeast King County, which has some of the most reasonable housing values in the area, saw prices increase 9% over last year. Inventory remains very low. Year-over-year statistics show the volume of new listings dropped 18.5% in King County.
SEATTLE
Homes sales were up 12% in Seattle for August, putting additional pressure on already slim inventory. There is just over six weeks of available supply. There are signs that prices here are stabilizing as the median home price of $760,000 was unchanged from a year ago and up less than one percent from July. With its booming economy, demand here is expected to stay strong.
SNOHOMISH COUNTY
Buyers looking for more affordable options outside of King County pushed pending sales, mutually accepted offers, up nearly 16% over a year ago. Home prices have softened slightly. The median price of a single-family home in August was $490,000, down slightly from the median of $492,225 the same time last year.
VIEW FULL SNOHOMISH COUNTY REPORT
This post originally appeared on GetTheWReport.com
