Showing activity dropped more than 41 percent the week of the heaviest snow.
Inventory levels show a 42.3 percent jump from twelve months ago.
Prices appear to have bottomed out to around year-ago levels.
Buyers no longer going down and some feel like interest rates are on sale.
As February temperatures plunged, prices in most counties started heating up, rising from a year ago as well as when compared to January.
KIRKLAND, Washington (March 6, 2019) – Seattle’s snowiest month in 50 years had an obvious chilling effect on February’s housing activity, agreed officials with Northwest Multiple Listing Service. Statistics for last month show pending sales dropped nearly 14 percent
There’s no shortage of advice online about the best time to list, and it all goes something like this: The vast majority of home sales occur when the weather heats up, and homes sold during this time of year tend to attract high prices. Conventional wisdom tells us it’s best to list early in the year. That way, you’re sure to benefit from the Spring peak in sales, and the premium pricing during the warmer months as well. List too late, we’re warned, and you could miss this warm weather bump.
At first blush, this conventional wisdom seems particularly wise. After all, there’s one thing that all homeowners looking to sell have in common — they want to do so as quickly as possible, and for as much money as possible. Listing early, in theory, means
When it comes to quality of life and affordability around Seattle, don’t look in Seattle. Try looking at Sammamish instead, which was recently ranked in the top 10 best places to live.
Just over half an hour from Seattle, and closer still to major tech corporate campuses in Redmond and Bellevue, Sammamish attracts many of the people who work for Microsoft, Amazon, Expedia and other tech giants. The homes are pricey here, but average salaries are high too: Median family income is roughly $165,000, more than twice the median for the other spots MONEY analyzed. The current average list price for a single family residence in Sammamish is $1,227,275.
With an official motto of "Building Community Together," the city of Sammamish in King County,
Selling your home these days isn’t as simple as it used to be. With the explosion of real estate marketing on the Internet, prospective buyers can do their initial home shopping online. While this means that your listed property will be viewed by more prospective customers, it also means that many other properties will also be showcased, making for a much more competitive market.
While sales in the existing home market are expected to take a tick up early in 2019, there is a lot of concern about raising interest rates and economic uncertainty in the future. We are also looking for increasing inventory levels to start as early as March of this year with predictions of the greatest amount of housing inventory to hit the market in five years by May.
It sounds like the only question for this weekend will be are there six inches, 8 inches, or a foot of blowing snow and frigid temperatures! But no matter what this weekend storm brings to Puget Sound, cities around the region say they are making special plans to make sure everyone, pedestrian to drivers to firefighters, can get around safely.
Here are the published routes for snow and ice removal and plowing from the City of Sammamish!
Sammamish has a plowing priority system in place to clear our 400 miles of road. The plowing time required depends on several variables such as the snowstorm intensity, duration, wind, and the temperature. The Snow and Ice Route Map can be found here.
KIRKLAND, Washington (February 7, 2019) – Homebuyers around Washington state are making their way back to the market, hoping to take advantage of improving inventory, attractive interest rates, and more approachable sellers, according to officials with Northwest Multiple Listing Service.
Northwest MLS statistics for January show year-over-year improvement in the volume of new listings and total inventory, along with moderating selling prices. Although fewer pending sales (mutually accepted offers) were reported than a year ago (down about 3.3 percent), January was the smallest yearover- year decline since May 2018 when the drop was about 2.7 percent.
Commenting on the MLS statistics summarizing last month’s activity, broker Gary O’Leyar said January’s
In today’s changing market, there’s more to a successful
closing than just getting the offer accepted. Make sure you have an
agent capable of guiding you from start to close!
Once you've made an offer on a home and all contingencies have been met by both parties, closing on the property becomes final. Closing costs are generally 4% of your loan amount, but this can vary. To help you get a sense of what's left to be done, here are 10 steps involved in closing the deal:
Draw up a purchase offer with detailed contingencies in place
Seller accepts the deal or counteroffers with contingencies and price changes of their own
Submit your deposit, also known as "earnest money"
It may feel as if the housing recovery is slowing to certain finality, but its overall health is still improving. Existing home sales have been declining monthly and new homes starts have fallen flat – but year over year, the local housing market is still showing growth. As we see areawide increases in price cuts and accessibility begins to improve, the market will continue to strengthen as affordability constraints ease up, even as mortgage rates continue to rise.
The Transition to a Buyer’s Market
Surges in both mortgage rates and demand, coupled with a lack of supply, brought steady hikes in sale prices in 2018. While 2019 will continue to bring healthy growth, home value increases will stabilize, making