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Learn about local real estate and housing market trends from The Cascade Team Real Estate.

What a story with this stunning Sammamish View Home!

Sold for $3,300,000 AND the owners also kept an additional $100,000 in earnest money from a previous buyer who walked away 3 days from closing earlier in the year. That first buyer had cleared inspection, appraisal, the Seller Disclosure review, Neighborhood review, and information verification period… So, in walking away at the last minute they lost all rights to the $100,000 in earnest money they put down.

Additionally, because I engaged with the buyer and provided them with floorplans and inspection information before they introduced their own agent, the buyer’s agent commission was only 2%.

Keenan and I only charge a 1.5% listing fee so in this instance the TOTAL COMMISSION was only…

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Home prices across Washington state held steady in August while sales slowed, underscoring a housing market still grappling with weak buyer demand, according to the Northwest Multiple Listing Service.

In August, both active listings and home sales declined compared to July—by 2.7% and 7.7%, respectively—across the 27 counties in the NWMLS coverage area. This slowdown was largely driven by weaker activity in King and Snohomish counties. Compared to the same time last year, listings rose by 30.8%, but sales fell by 5.7%, indicating continued stagnant buyer demand. Median home prices remained flat month-over-month and increased just .8% year-over-year.

Demand remains stagnant, analysts noted, pointing to still-elevated borrowing costs.

Mortgage…

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High Impact Real Estate Marketing & 4% TOTAL Listing Commissions For Today’s Home Sellers

The Cascade Team Real Estate is a company like no other because of the marketing, service and home seller savings we provide. We understand that in today’s real estate & home selling environment, we need to provide a high level of real estate service and widespread marketing of the home for sale, utilize technology to keep our home seller clients in the communication loop and provide added value to both buyers and home sellers in the real estate transaction. The effective use of technology tools allows our local real estate agents to focus more of their time on servicing our clients and finding buyers for your home, all the while providing the most…

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Listed at $2,499,999 and sold for $1 OVER at $2,500,000 Even!

Financing, Inspection and everything waived!

About 26624 Se 15th Street

Sammamish dream home w/ luxury finishes inside and out. Remodeled kitchen w/ custom cabinets, quarts counters, Sub Zero refrigerator, Dacor range w/ designer hood, wine fridge & warming drawer. New carpet and interior paint. Outside find your own private oasis backing to a greenbelt. Large, covered patio w/ TV, stone gas fireplace, built-in gas BBQ, ice maker, refrigerator, heat lamps, retractable awning & screens and a turf putting green! Luxurious Primary bedroom w/added lounge area, spa bath w/heated floors and more. 5 total bedrooms w/ ¾ bath and heated floors on main, bonus room, office, and more.…

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  •         The number of active listings reached 18,310, marking the highest level of inventory since September 2018
  •         The number of closed sales decreased by 3.3% year-over-year
  •         For every listing “Sold” last month, seven (7) new listings took its place.
  •         Relative to the previous month, the number of active listings increased by 3,851 (from 14,459 in April 2025), while the number of closed sales increased by only 580.
  •         Mortgage demand drops, even as rates fall to the lowest since April

Bye-bye bidding wars:

Home sellers this spring have been frustrated by a slower-than-normal housing market. That could set up a summer of deals for buyers. That means house hunters this year could end up seeing the “most…

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King County Sees 71.3% Surge in Inventory as Sales Only increase by 0.7%

Market Recap

In addition to the 71.3% increase in listings for sale in King County, Broker showings dropped when compared to the same timeframe last year. This was a year-over-year decrease of 5.4% from the number of showings in April 2024. Days on market are also creeping up to around 28 days on the greater eastside.

Even some of the hottest markets like Sammamish are now projected to have a 2.4% decline in prices over the next 12 months according to Zillow.

Redfin reports that Seattle leads all major U.S. metropolitan areas in concessions for home buyers as the trend continues to escalate nationally.

Home sellers gave concessions to buyers in a whopping 71.3%…

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When you create private listing networks, who are you accountable to? If somebody says, “I want to sell my house to the neatest family in the world,” well, now you’re discriminating against single people. Is that fair? Could it be a situation of have and have not? In this instance, it’s saying, “we’re not going to play by the fair housing rules anymore.”

Transparency and equitable access to real estate listings is at risk, threatening to push the industry backwards. Currently, most homes are listed on the Multiple Listings Service (MLS), a database shared by the real estate industry. The MLS database is also what feeds listings to consumer platforms, allowing you to see for sale homes on places like Zillow, Homes.com or Realtor.com.

However,…

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Due to volatility in the U.S. economy since late January, prospective buyers currently seem to be holding their collective breath while waiting to see how ongoing market conditions may affect their purchasing power. As economists weigh in with their take on the market, buyers should stay alert to opportunities to enter the market at lower costs if mortgage rates decline and buying demand slows.

Existing-home sales fall to slowest pace since 2009 amid rising costs

Existing-home sales dropped by 5.9% from February and by 2.4% from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun

A dimming economic outlook because of uncertainty caused by President Donald Trump's constantly shifting…

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The 30-year fixed-rate mortgage continues to tick down,” writes Freddie Mac in its weekly mortgage rate report released Thursday. Indeed, the average weekly 30-year-fixed rate mortgage now sits at 6.64%, down slightly from the week prior, and more significantly down from the above-7% rates we saw in January.

In April, mortgages are likely to remain in the 6.5% to 7% neighborhood, says Greg McBride, chief financial analyst at Bankrate.

He adds that “they could fall beneath that range if there were signs of economic weakness but be careful what you wish for.” Ideally, McBride says we like to see mortgage rates fall because inflation pressures are subsiding rather than due to economic weakness, but concerns about inflation are still front and…

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Buckle up for a bumpy ride as 2025 looks to have multiple twists and turns.

  •         The housing market will keep shifting in 2025.
  •         The average home value rose by 9% annually.
  •         Expectations are for approximately a 5% increase in prices for 2025.
  •         Homebuying activity should pick up after a long slump, despite choppiness in mortgage rates.
  •         Housing inventory to start the year is the highest since 2020.
  •         Fewer bidding wars with normalizing housing supply.
  •         Interest rates to bounce around the mid 6% range.

Believe it or not, the housing market is still normalizing after the COVID-19 pandemic. Over the past few years, the housing market has been — to put it in as simple of terms as…

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