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The detailed report on the market cooling came Tuesday with the monthly release of the nationwide Case-Shiller home price index. The index shows single-family home prices across the metro area fell 1.6 percent in August on a month-over-month basis, the biggest drop in the country.

See: Balance “finally returning” to housing market as buyers welcome more choices, moderating prices.

 

The most recent numbers show the median house costs $668,000 in King County, $485,000 in Snohomish County and $353,000 in Pierce County.

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The only thing more scary than paying too high of a commission to sell your home… Is realizing that you don’t have too while getting even MORE service and support than most brokerages offer at a higher fee!

The Cascade Team Agents are Full Service. We are a real estate company like no other, because of the tools, service and savings we provide our clients with. We understand that in today’s fast paced environment, we need to provide a high level of service, utilize technology to keep our clients up to date at all times and provide added value to both buyers and sellers in the transaction. By leveraging these technological tools, it allows our agents to focus more of their time to servicing our clients, and also provide the most comprehensive…

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Are your sellers ready for a buyer's market?

  • Inventory increases by 22.9 percent throughout Western Washington
  • King County leads inventory gains with 78 percent year-over-year increase.
  • Buyers could choose from 19,526 listings nearly double the inventory from February of this year.

 KIRKLAND, Washington (October 4, 2018) – Housing inventory continued to improve during September
while the pace of sales slowed in many counties served by Northwest Multiple Listing Service. “Balance is
finally returning to the market, and with it, slowing home price growth,” stated OB Jacobi, president of
Windermere Real Estate.

A new report from Northwest MLS shows double-digit increases in inventory in several of the 23 counties it
serves, led by a 78…

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Over 37% Of Seattle Area Homes Take a Price Drop In Past 30 Days

In King County the number of homes for sale surged up 66% in the past year — and 86 percent just in the city of Seattle — the biggest rise in more than a decade.

Meanwhile, the share of homes with price drops has been posting year-over-year gains consistently since late March. Currently in just the past 30 days starting with September the 26th, 37.2% of Seattle area homes taken a price drop totaling the largest percentage in more than a decade for this statistic as well.

Note: “We define a price drop as a listing price reduction of more than 1 percent and less than 50 percent.”

After years of strong price growth and intense competition for homes, buyers are taking advantage…

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10 tips for guiding sellers through the choppy waters of a market correction

 

https://www.inman.com/2018/09/19/are-your-sellers-ready-for-a-buyers-market/

 

 Carl Medford, REALTOR, CRS

 

This year’s market is not the same as it was last year at this time. Here in the Greater Seattle Area, a region renowned for extreme inventory shortages, short days on the market, multiple offers and contracts way over asking price, everything has suddenly changed.

 

Everything, that is, except seller expectations.

How do you manage clients when the market suddenly develops into something they had not anticipated? Here are our top 10 recommendations for managing seller expectations when the market enters a correction.

1. Memorize the…

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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, Washington, is as friendly as it gets. The unemployment rate is a low 5%, and the city's crime rate is approximately 90% lower than the national average.

For those that live here, once…

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Sure, apps are convenient, but buyers need the personal experience and expertise of a real estate agent, too.

Why work with a real estate agent in this internet filled world we live in? Let me put it this way: You could do a Google search for “Paris” but what if one of your good friends has been to Paris say, 20 times over the last few years? Isn’t it good to get advice from both? Sometimes the internet can be overwhelming with facts and data, and the use of a good reliable real estate agent can help you decipher which facts are the most important for you to know. Also, it’s one thing to see a property online, it’s another to stand in it physically and really get a feel for how big the space is, how much light it’s getting, and how close the…

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  • House-hunters in Western Washington can choose from the largest supply of homes in three years.
  • New statistics from the MLS show prices appear to be moderating.
  • King County Housing Inventory has a 74.3 percent increase.
  • Mutually accepted contracts drop 14.8% as buyers adjust to more options.
  • For Buyers: “This is the best time in three years to be aggressive in the marketplace”

KIRKLAND, Washington (September 7, 2018) – House-hunters in Western Washington can choose from the largest supply of homes in three years, and they are facing fewer bidding wars, according to officials from Northwest Multiple Listing Service.

New statistics from the MLS show prices appear to be moderating (up about 6.7 percent overall), but brokers…

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For the first time in nearly two years, the Seattle area no longer leads the nation in home price increases. The monthly Case-Shiller home price index, released Tuesday, showed Las Vegas now claims the title as the nation’s hottest housing market.

The Case-Shiller numbers don’t reflect the full scope of the slowdown however, do in large part to the fact that it includes a three-month moving average through June (things have cooled even more since then), and also because it reflects the entire metro area (Pierce and Snohomish counties haven’t slowed down quite as much as King).

A new analysis from Zillow, using more recent numbers, showed Seattle had the biggest slowdown in housing prices in the country, falling to the 12th hottest housing market…

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The Offer Countdown Timer:

When we at The Cascade Team receive an offer on your listing, we will now activate the offer countdown on your property website with just a couple clicks. The property website will prominently display the timer counting down second by second until the offer review deadline. This will help us promote your home and let potential buyers know that they have a limited amount of time to get an offer in if they would like to potentially purchase your home.

The property website is linked from all kinds of sites like Zillow, Trulia, Realtor.com, Yahoo Homes, Google and many more. We will also promote your listing and the countdown to make offer through social media such as Facebook, Pinterest, Google+, LinkedIn, Twitter, Etc..

…

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