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…

2283 Views, 0 Comments

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…

2202 Views, 0 Comments

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…

3913 Views, 0 Comments

$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…

3856 Views, 0 Comments

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%…

3747 Views, 0 Comments

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…

3589 Views, 0 Comments

Positive News for Buyers as Housing Inventory Improves/ Sellers NOW is the Time Before Competition Continues to Increase!

Housing inventory improves, but market still favors sellers

KIRKLAND, Washington (May 5, 2016) – Northwest Multiple Listing Service reported strong gains in the volume of new listings its members added during April (up 13.6 percent from March), but inventory remained well below the supply needed for a more balanced market. MLS leaders say the lopsided market is prompting some anxious buyers to take ill-advised risks.

Prices showed some signs of moderating with a 5.5 percent year-over-year increase across the MLS 23-county market area. That’s the lowest YOY gain since December 2014 when it was 5.45 percent.

In its latest statistics with summaries of April activity, the MLS reported 11,407 pending sales during the month, about the same as a year…

2034 Views, 0 Comments

Sammamish Leads The 40 Safest Cities in Washington Report

From lush forests and majestic mountains to exciting metropolitan areas, Washington offers its residents and visitors access to a rich, active lifestyle. Whether you prefer a bustling city or want to lose yourself in the rural grandeur of the countryside, the Evergreen State is a desirable place to call home.

——————————————————————————————————
If your city made list, share the news by embedding the “Washington Safest Cities” badge on your site. Click here to get the code, then just copy and paste. ——————————————————————————————————

This gem of the Pacific Northwest does a great job protecting its citizens as well as its abundant natural resources. Between 2012 and 2013, the state saw an overall decrease in violent crimes, with 2013 seeing 1,176…

4202 Views, 0 Comments

Smart Search Makes Looking For Your Next Home Easier

Smart Search Technology:  “Smart Search” exclusively by The Cascade Team is the only real estate search in the industry designed to learn and interact with you as you search for homes.  As you log onto www.TheCascadeTeam.com and begin saving listings our exclusive “Smart Search” technology will begin learning what you are looking for and make suggestions for you based on criteria such as: Price, Beds & Baths, Location, Schools and more. Start a search in one area and then find another area of interest? Smart Search will adjust for location too and begin finding homes for you in your new search area. Smart Search is a fully intuitive search system guided by your preferences and it will scour the web for new listings that meet your criteria and let you…

4026 Views, 0 Comments

24 Listings This Week At The Cascade Team

The Cascade Team listed 24 properties for sale this week. From a Kirkland condo for $289,000 to a 1,250,000 stunning view home in Gig Harbor, we covered a wide range of homes in 15 different cities. View our newest Listings HERE

But the real winners were the home sellers working with us. This week alone, they saved over $200,000 in commissions with our full-service for 1% listing fees!

Their homes were marketed with the very latest in marketing tools, technology and techniques we call P.R.I.M.E. MARKETING. 

A FULL SERVICE REAL ESTATE BROKERAGE FOR HOME SELLERS

The Cascade Team provides a full service experience that is a step above; by executing a marketing plan that is unique to your home, rich in technology and high in service. We…

3271 Views, 0 Comments