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

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

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

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

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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As A Real Estate Agent/Broker Are You Working Towards Mastery of Your Craft?

If you can be secure enough with yourself to do an honest assessment of where you are at in your career, where you want to be, and what the most successful agent/brokers around you are doing, then you’ll have an idea of your potential success in the long term.

Forget about sales numbers. How do the most successful agents think and believe?

Visualize a pyramid with the six distinct levels represented below. Level one represents the first part of the journey to success in real estate, and level six represents the pinnacle. This pyramid is useful as an assessment tool to see where you operate on a daily basis and whether you need to make adjustments.

No one is locked into a level, and you can absolutely aspire to consistent improvement from one…

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The Cascade Team Is Ten Years Old Today!

It’s hard to believe that 10 years ago today I told my managing broker at John L Scott that I was leaving and going to start my own brokerage. Back then I had a different business partner named David Field, Doug Young still didn’t have a real estate license, Lori Young was my stager and believe it or not… Zillow only cost $25 per month!

Fast forward to today and here we sit with 25 offices in 5 states (with more to come soon) with several hundred brokers out there doing amazing things.

The most common question I get asked these days is something like this; “Are you surprised or shocked at how much The Cascade Team has grown?”… To which I usually smile and politely say…. “No. We’re right about where I thought we would be, and within the company…

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May 2016 Edition: Crazy, Funny, or Poignant Real Estate Experiences From Agents

  The Names of the agents have been withheld to protect their privacy and that of their clients and in some cases "The Guilty Parties".  

Scaredy Cats

I had just co-listed a home with my mom Micki, and we were getting ready for an open house when I met the owners’ cat. Buster was hissing, screaming, and waving his claws like crazy—so much so that I was scared and left the house.

My mom was putting signs in the front yard, and I went out and told her what was happening. She said, “Oh Heidi, if you’re going to be in this business, you can’t let a little cat scare you.” She went into the house saying she’d put Buster in his kennel. I felt a little embarrassed as I waited outside. But after another minute, I heard a scream and a door…

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$150,000 Price Drop on Custom Sammamish Home

Property Website HERE

3907 222nd Ave SE, Sammamish

Price: Now $1,500,000

Beds: 5

Baths 6.25

Sqft: 4,210

Stunning Sammamish custom home on exceptionally large and flat lot within Issaquah School District. The materials and details put into crafting this beauty are extensive. Start with the driveway comprised of Roman and Mediterranean pavers, exterior consists of Western Red Cedar shingles, clear cedar tongue and groove enclosed soffits. Custom stone work all around with artistic details. Metal railing on the deck and throughout the house is work of a local Redmond Artist. The reclaimed wood timbers on the deck and entry come from a barn in Vancouver WA. Exterior paint is Miller ‘Evolution’, a lifetime product and the roof is a 50…

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The Record Falls! 26 New Listing in One Week for The Cascade Team as Open House Treasure Hunt Weekend Arrives

Twenty Six (26) listing just this week for www.TheCascadeTeam.com setting a new single week record for the most listings and also a single day record of 15 listings in one day on Thursday! All of this at a perfect with as we approach Open House Treasure Hunt weekend. Learn More Here: Those listings can be viewed at this link: http://www.thecascadeteam.com/greater-seattle-listings.php

From $1,000,000+ TCT Premiere Listings in Woodinville, Sammamish & The Issaquah Highlands to listings in Mukilteo, North Bend, Kent, Tacoma and even Camano Island The Cascade Team listed homes across the NW region! 

But the real winners were the home sellers working with us. This week alone, they saved over $210,000 in commissions with our full-service for 1%…

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Open House Treasure Hunt Saturday May 14th: Radio Live Remotes & Locations $200,000 in Prizes!

The Open House Treasure Hunt is Back!

 Join us on Saturday, May 14th for our Annual Open House Treasure Hunt.

  Tour 5 homes and register to win over $200,000 in Cash & Prizes!

~10am to 4pm~

Star 101.5 and KMPS 94.1 will be there!

 
See all of our other open houses below!
 

House…

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3D Virtual Tag Post Now Integrated into 3D Walkthrough Virtual Tour From The Cascade Team

3D Virtual Tag Posts are spatial annotations that allow users to enhance their Spaces with text-based comments anchored to a point in the 3D geometry of a Walkthrough Virtual Tour From The Cascade Team. Unlike 2D tags which would require multiple tags of a single item across several images, once a single 3D Virtual Tag Post is placed within a Space, it is viewable from any perspective as the user moves around. Whether they’re creating a 3D virtual tour to sell a property or adding additional information about the neighborhood, The Cascade Team can now add amazing context to their virtual models.

“3D Virtual Tag Posts content vastly expands the amount of information The Cascade Team can convey about homes and properties they list. We refer to this…

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