King Count Housing Inventory Increases More Than 62%
Total Area Inventory Up 24.5%
Buyers rejoiced at lower interest rates in May.
Volume of new listings, and the number of closed sales – both showed slight gains from a year ago.
Home buyers are “better off,” but market is heating up.
KIRKLAND, Washington (June 6, 2019) – The housing market in western Washington may not be as hot as it was last spring, but it is heating up, suggested one industry leader in commenting on the latest statistics from Northwest Multiple Listing Service.
Matt Deasy, president of Windermere Real Estate/East, Inc. said his analysis of single family home sales in King County reveals 7 out of 10 properties that sold during May had 15 or fewer days on the
In today’s changing market, there’s more to a successfulclosing than just getting the offer accepted. Make sure you have anagent capable of guiding you from start to close!
The old school three p’s — “Plant a sign, Post on the MLS and Pray” — employed by some agents in hot markets, will not work as things begin to cool off. The adage, “You have a minute to sell your home,” beginning the moment a prospective buyer pulls up in front of a property, is no longer true.
That minute has become 10 seconds or less and happens on a buyer’s mobile device nowhere near the listing. If buyers do not like what they see, no amount of open house signs will get them into your listing — they will swipe left and move on.
On the one hand, you want to set a listing price that maximizes interest among qualified, motivated buyers who will be willing to pay top dollar for your property. Indeed, such buyers will ultimately determine your property's top market value.
On the other hand, you do not want to set a listing price that attracts a lot of buyer prospects, but sets the stage for negotiations that result in your getting less than what your property is really worth.
Your Home's Actual Market Value
In a perfect world, your home's value would be everything you think and need it to be. However, simply put, your home's value is not determined by you, but by what the market is willing to pay for it at a given time. These
2.4 percent rise in median prices for sales of single family homes
Slight 1.9% decrease in closings
KIRKLAND, Washington (May 6, 2019) – Housing activity during April signaled good news for buyers in Western Washington as inventory continued to grow, the rate of price increases was slowing in many areas (and even decreasing in a few counties), and mortgage rates remained low.
Northwest Multiple Listing Service statistics for last month show a 28.5 percent overall increase in active listings compared to the same month a year ago, a 5.8 percent gain in pending sales, and a 2.4 percent rise in median prices for sales of single family homes and condos that
‘Facebook is discriminating against people based upon who they are and where they live,’ says HUD secretary.
By Russell Brandom:
The Department of Housing and Urban Development has filed charges against Facebook for housing discrimination, escalating the company’s ongoing fight over discrimination in its ad targeting system. The charges build on a complaint filed in August, finding that there is reasonable cause to believe Facebook has served ads that violate the Fair Housing Act.
“Facebook is discriminating against people based upon who they are and where they live,” HUD Secretary Ben Carson said in a statement. “Using a computer to limit a person’s housing choices can be just as discriminatory as slamming a door in someone’s face.”
Sammamish, Woodinville, Snoqualmie and more make the list!
Looking at this following list there is also a definite correlation between the wealthiest zip codes and the highest housing prices as well. Feel free to use our advanced search function here and check out any of the zip codes yourself!
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Using IRS data, we were able to get a snapshot of how much money people from Washington state earned in 2016, the most recent year they have numbers for. And of the top 20 wealthiest zip codes in the state, all 20 have an average income of more than $130,000.
The average income is calculated as an average of all the tax returns from each zip code.
While zip codes can often cover more than one locale, this (and last) year's
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