The Cascade Team Blog - June, 2016

Seattle Area Real Estate News Alert: More Listing in May BUT Even More Buyers Keeping Housing Inventory Levels Depleted

Posted by Cary W Porter on June 6th, 2016

Housing inventory shortages persist despite increase in new listings:  

KIRKLAND, Washington (June 6, 2016) – Just as expected, the month of May had an uptick in new listings (12,272), but just as many buyers (12,275) made offers on homes during the month to keep inventory depleted, according to the latest figures from Northwest Multiple Listing Service. 

1. Inventory down 22% from last year (2015)
2. 80% Of all homes listed are sold within the first 30 days
3. King County median price is up 16.5% for single family homes since last year

“Inventory is being squeezed from all directions,” reported Frank Wilson, branch managing broker at John L. Scott in Poulsbo. He said the pool of house-hunters includes young first-time buyers, renters…

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102,000 Crayons For Children’s Hospital

Posted by Cary W Porter on June 2nd, 2016

Thank you again to everyone who helped and participated in the 2016 Project Crayon Drive to benefit Children’s Hospital of Seattle. And a special shout out to our friends at KMPS for showing up with their truck and some added man-power to help us load up and deliver this morning. This year we collected just over 102,000 crayons for this wonderful event. Everyone’s time and effort really goes a long way and all of our sponsors, participants and everyone who took the time to donated arte appreciated far more than mere words can ever express!

Thank you all so much! 

Project Crayon Drive - Celebrating 11 Years!

Help us Brighten a Child's Life!

For the 11th year, The Cascade Team is once again hosting Project Crayon Drive this April! For…

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Seattle-area home prices set record; 2nd-fastest rising in nation

Posted by Cary W Porter on June 1st, 2016

Single-family homes across the Seattle metro area are increasing in price at a rate twice the national average.

By Mike Rosenberg Seattle Times business reporter

Seattle home prices have hit a record and are now rising faster than any major city outside the Pacific Northwest, according to the latest S&P/Case-Shiller data.

Compared with a year ago, Seattle area single-family home values in March were up 10.8 percent, behind only Portland, where prices have shot up 12.3 percent in the last year, according to the Case-Shiller index released Tuesday. The Seattle growth rate was more than double the national average of 5.2 percent.

March also marked the first time the Seattle region surpassed its home value peak last seen in summer…

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