Ballard, Seattle Monthly Real Estate Update

If you are thinking of listing or buying Ballard, Seattle homes for sale, knowing what is happening in the local market ensures success regardless of what side of the transaction you are on. As a buyer, knowing what is happening in the Ballard, Seattle real estate market allows you to be confident in the offer you make. As a seller, you know you priced appropriately. This keeps Ballard, Seattle homes for sale from either sitting too long OR selling for a price you aren’t satisfied with. Truth be told, bidding wars and quick sales are a common theme in the Ballard, Seattle real estate market for multiple reasons. It is a hot neighborhood that is family friendly with good schools but also has a popular nightlife scene that is located close to some of Seattle’s best amenities. With inventory in this neighborhood so low, homes for sale in Ballard, Seattle already move quickly. If they are priced according to the recent comparable sales, they are more likely to sell quickly AND receive multiple bids.  Of course, working with a qualified Ballard, Seattle realtor who can guide you in both selling and buying makes a huge difference. So how is this neighborhood looking currently? Let’s take a look!

The good news for homeowners thinking of listing homes for sale in Ballard, Seattle is that prices have gone up! Both the average and median sold price is up compared to this time last year AND just last month. The average has gone up 16.1% at $735,558 (up from last month by about $12,000) while the median has gone up 16.0% at $700,000 (up about $5,000 from last month). Interestingly, while these are considered higher price points in general, these are still lower compared to some of the other sought after neighborhoods just minutes away. The price per square foot has also gone up 12.9% at $446. The bad news for buyers is that new listings are down 3.2%, along with homes for sale in Ballard, Seattle down 21.3%. Pending sales have seen a minimal 1% increase. Closed sales are barely down at 0.4%. Even if you have done minimal research on Seattle real estate, you likely know this city is in a seller’s market. This neighborhood is no exception with a 0.6 month supply. In order to be considered balanced, a market should have a 6 month supply. The only slight positive to this is that while it has gone down compared to last year, it hasn’t changed from last month.  Also, the median days on the market (which is the amount of time a home goes from active to pending) is 7, with the average being 15. Now, The average percentage of list price (which basically determines your negotiation power) is 106%, up from last year and slightly from last month. Which means on average, homes for sale in Ballard, Seattle are not only going for asking, they are getting well over in most scenarios. As a buyer, this sounds frustrating. Our only recommendation is choosing a qualified local Ballard, Seattle realtor. You want someone who has local ties and good working relationships with other brokers so they are aware of Ballard, Seattle real estate before it even comes on the market. This ensures you get to see it before everyone else does and hopefully get one of the first offers in. Not to mention, there are other fabulous perks that come with working with a Ballard, Seattle realtor that knows the local market and industry like the back of their hand.

If you are thinking of buying or selling real estate in Ballard, Seattle, give me a call. I would be happy to help you navigate this competitive market.


Posted on November 25, 2017 at 11:17 pm
Molly Shutes | Posted in Uncategorized |

Seattle Real Estate Update

With recent reports naming Seattle real estate the number #1 market for 2018, there are currently a lot of eyes on what is happening locally. With so much economic growth and a high number of new residents looking for housing daily, knowing our current conditions is absolutely crucial. As a seller, you must price accordingly, regardless of who has control of the market. As a buyer, you need to make a competitive offer. In a market as tight as ours, making your offer stand out against the others is more important than ever. When you know what the current sold prices are along with month supply, days on market, etc. you can successfully do both of these things. First and foremost, you should select a qualified Seattle Realtor. As a Seattle realtor who has worked with the top Seattle brokerage since 1989, I have the ability to act as my clients advocate while advising on the market using knowledge based on both the past and present market conditions. So how is our Seattle real estate market doing? Let’s look at the stats.

According to the Northwest MLS, the average and median sold prices have gone up. This is great news for sellers as it means that they can sell their home and likely make a good profit. While every home varies, the average sold price is up 10.7% at $721,555 while the median is up 14.2% at $636,000. The average price per square foot is up 9.7% at $440. I wish I could report good news for buyers as far as the amount of new listings available, but the number is down 3.6% while the amount of homes for sale in Seattle is down 16.9% compared to this time last year. Pending sales have seen a very slight decrease at 0.1% and closed homes for sale in Seattle are down 0.8%. The median days on market is down to just 8 while the average is 19.  While we are on the topic of decreases, the month supply is down 16.7% at 1. As I have discussed in other blogs, a balanced market needs a 6 month supply. So currently, aligning yourself with a qualified Seattle realtor is necessary for success in this market. If you have more questions, feel free to reach out. I would be happy to help!


Posted on November 25, 2017 at 10:14 pm
Molly Shutes | Posted in Uncategorized |

Queen Anne Seattle Real Estate Update

If you are currently thinking of buying or listing Queen Anne Seattle homes for sale, knowing the current market conditions can help you navigate the experience successfully. As a seller you get an idea of what is appropriate for pricing, how many days (on average) homes are sitting active before accepting an offer, your negotiation power with percentage of list price and much more. As a buyer you can also benefit from this information and use it as a guide when putting together an offer. The better the offer, the higher chance it has of being accepted. In this ultra competitive market, utilizing any leverage you can is necessary for your success. Using a Queen Anne Seattle realtor is also crucial as we can get you this information as well as help you navigate the entire listing or buying process. So how is this particular neighborhood doing? Let’s take a look!

The average sales price for Queen Anne Seattle real estate is up 11.7% compared to last year at $898,349. However, this is down compared to last month. This is the same as far as the median sold price goes. That number is up 12.6% at $805,000. The percentage of list price is up 2% from this time last year at 104.3%. This means the average home is not only getting full price, but over.  The average percentage of list price is up 14.9% at $517. This is great news for sellers as it indicates that your home likely has gone up in value, making it a great time to sell.

The good news for buyers is that new listings have seen an increase of 13%. If you are buying Queen Anne Seattle homes for sale, you will know that any new inventory is appreciated at this point! Homes for sale have gone down 13.6%. However, pending sales have gone up 14.9% and closed sales have gone up 17.7%.  The median days on market is still 8 while the average remains at 19. This is all expected being in the seller’s market that we are. Homes are selling fast with multiple bids which ultimately drives the prices up. The type of market we are in is determined by month supply.  A balanced Queen Anne Seattle real estate market needs a 6 month supply. Currently, we are at a 1. If you are looking for a Queen Anne Seattle realtor to help you navigate this current competitive market, give me a call. I would be happy to help!


Posted on November 19, 2017 at 9:32 pm
Molly Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

The average sold price has gone up 14.1% and is currently at $948,215, which is up from this time last year AND last month! The median sold price is up 6.7% at $799,950, once again up from this time last year and last month. The average price per square foot is up 12.9% at $445. The average percentage of list price is 103.4%, which indicates a buyer’s negotiation power. This basically means that homes are going for not only the full amount of the asking price, but over. This is due to high demand and low inventory resulting in bidding wars and homes getting over the asking price. While sellers may rejoice with this news, buyers definitely have their work cut out for them. The littlest increase in price can impact your buying power. The good news for buyers if that new listings are up 16% compared to this time last year as well as last month. The overall Magnolia Seattle homes for sale are up 8.7%, pending sales are up 24.1% and closed sales are up 20.3%. Unfortunately, the month supply is still sitting at 1.3, which it has been at for the past few months. Magnolia Seattle real estate is still very much in a seller’s market as we need a 6 month supply in order to be considered balanced. Whether you are looking to list or buy a home for sale in Magnolia Seattle, working with a Magnolia Seattle realtor who knows what is happening in the market is crucial. This information can help guide your decisions which have a huge impact on whether or not your experience is a success. As a long time Magnolia Seattle realtor, I would be happy to give you more information.


Posted on November 12, 2017 at 8:01 pm
Molly Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Monthly Update

If you are thinking of listing or purchasing Ballard, Seattle real estate, knowing what is happening in the local market ensures success regardless of what side of the transaction you are on. As a buyer, knowing what is happening in the Ballard, Seattle real estate market allows you to be confident in the offer you make. As a seller, you know you priced appropriately. This keeps your home from either sitting too long OR selling for a lower priced you aren’t satisfied with. Truth be told, bidding wars and quick sales are a common theme in the Ballard, Seattle real estate market for multiple reasons. It is a hot neighborhood with highly ranked schools that is conveniently located close to all of Seattle’s best amenities. With demand so high and inventory so low, homes for sale in Ballard, Seattle move quickly. If they are priced according to the recent comparable sales, they are more likely to sell quickly and receive multiple bids.  Of course, working with a qualified Ballard, Seattle realtor who can guide you in both selling and buying makes a huge difference. So how is this neighborhood looking currently? Let’s take a look!

The good news for homeowners thinking of selling real estate in Ballard, Seattle is that prices have gone up! Both the average and median sold price is up compared to this time last year AND just last month. The average has gone up 15% at $723,433 while the median has gone up 15.8% at $695,000. Interestingly, while these are considered higher price points in general, these are still lower compared to some of the other nearby sought after neighborhoods. The price per square foot has also gone up 12.2% at $440. The bad news for buyers is that new listings are down 5.1%, along with homes for sale at 20.1%. Pending sales have seen a minimal increase at 2.2%. Closed sales are barely down at 0.1%. Whether you are buying or selling in Seattle, you likely already know we are in a seller’s market. However, this neighborhood in particular is dealing with some VERY low inventory with a month supply of 0.6. In order to be considered balanced, a market should have a 6 month supply. The only slight positive to this is that while it has gone down compared to last year, it hasn’t changed from last month.  Also, the median days on the market (which is the amount of time a home goes from active to pending) is 7, with the average being 15. Now, The average percentage of list price (which basically determines your negotiation power) is 105.7%, up from last year and slightly from last month. Which means on average homes are not only going for asking, they are getting well over in most scenarios. As a buyer, this sounds frustrating. Our only recommendation is choosing a qualified local Ballard, Seattle realtor. You want someone who has local ties and good working relationships with other brokers so they are aware of Ballard, Seattle real estate before it even comes on the market. This ensures you get to see it before everyone else does and hopefully get one of the first offers in. Not to mention, there are other fabulous perks that come with working with a Ballard, Seattle realtor that knows the local market and industry like the back of their hand.

If you are thinking of buying or selling real estate in Ballard, Seattle, give me a call. I would be happy to help you navigate this competitive market.


Posted on October 19, 2017 at 8:10 pm
Molly Shutes | Posted in Uncategorized |

Queen Anne Seattle Real Estate Monthly Update

If you are currently thinking of selling or buying Queen Anne Seattle real estate, knowing the current market conditions can help you navigate the transaction successfully. As a seller you get a pretty good idea of what is appropriate for pricing, how many days (on average) homes are sitting active before accepting an offer, your negotiation power with percentage of list price and much more. As a buyer you can use this information to guide you on the offer you put together. The better the offer, the higher chance it has of being accepted. Using a Queen Anne Seattle realtor is necessary as they can get you this information as well as help you navigate the entire listing or buying process. So how is this particular neighborhood doing? Let’s take a look!

The average sales price for Queen Anne Seattle real estate is up 15.2% at $907,420. This is up from this time last year, but also up a pretty decent amount even from last month. This is the same as far as the median sold price goes. That number is up 12.5% at $802,500. This is great news for sellers as it indicates that your home likely has gone up in value, making it a great time to sell. The good news for buyers is that new listings have seen an increase of 3.5%. Any new inventory is appreciated at this point! Homes for sale have gone down 15.9%. However, pending sales have gone up 14.7% and closed sales have gone up 13.2%.  The median days on market is 8 while the average is 19. The percentage of list price is up 1.3% from this time last year, but down slightly from last month at 103.7%. This means the average home is not only getting full price, but over. Which is expected being in the seller’s market that we are. The type of market we are in is determined by month supply.  A balanced Queen Anne Seattle real estate market needs a 6 month supply. Currently, we are at a 1. Down compared to this time last year, but up ever so slightly from just last month. If you are looking for a Queen Anne Seattle realtor to help you navigate this current competitive market, give me a call. I would be happy to help!


Posted on October 18, 2017 at 11:56 pm
Molly Shutes | Posted in Uncategorized |

Seattle, WA Real Estate Monthly Update

If you are thinking of listing or purchasing Seattle, WA real estate, knowing what the current market conditions are can have a very beneficial impact on your experience as both a seller and a buyer. As a buyer, you know a general idea of what to expect as far as an offer price goes. As a seller, knowing things like the average and median sold price will help guide you in picking an appropriate listing price.  In addition to knowing how to work that magic number, you can get a good idea of how long properties are spending on the market, what the percentage of list price is, the month supply (what kind of market you are in) and more. Of course, working with a qualified Seattle, WA realtor that can guide you throughout the entire transaction also makes a big difference. You will need someone who is well versed in the local market, as well as someone who acts as your advocate in case things get complicated. In a competitive market like the one we are experiencing today, this is incredibly crucial! So how is Seattle, WA real estate doing? Let’s take a look!

The median sold price is up 14.5% at $629,950 while the average sold price is up 10.5% at $713,604. These numbers are not only up from this time last year, but also just last month. The average price per square foot for real estate in Seattle, WA is up 9.3% at $434. Also up from this time last year, and up from last month, although only by a couple dollars. The average percentage of list price for Seattle, WA real estate is 104.7% which is up minimally at 1.3%. This stat indicates your negotiation power and currently, on average, homes for sale in Seattle, WA are not only getting full price, they are getting over. This is likely due to the fact that we are dealing with a month supply of 1, which is down 16.7% compared to this time last year but has stayed the same since last month. A Seattle, WA realtor looks for a 6 month supply in order to consider the market “balanced”. To further prove that point, new listings are down 4.6% while homes for sale in Seattle, WA are down 16.7%. Pending sales are up, but only by 1.5% and closed sales have had no change. The median days on market is 8 while the average days on market for Seattle, WA real estate is 20. This means homes for sale in Seattle, WA are moving fast, making it more important than ever to work with a qualified Seattle, WA realtor. If you are looking to buy or sell, give me a call. I would be happy to help!


Posted on October 18, 2017 at 11:41 pm
Molly Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Monthly Update

The average sold price has gone up 13.9% and is currently at $933,027, which is up from this time last year and even a little bit from last month! The median sold price is up 7.9% at $783,000, once again up from this time last year and last month. The average price per square foot is up 12.3% at $439. This comes as good news for sellers as it means the value on their home for sale in Magnolia, Seattle real estate has likely increased. Also up are a majority of the other categories we follow: New listings at 15.7%, homes for sale at 11.1%, pending sales at 20.8% and closed sales at 17.9%. This is interesting as some of the other neighborhoods in our area/King County in general have seen a decrease in a few or more of these categories as prices continue to climb. Now the good news for buyers is that our month supply has increase 8.3% from this time last year, although it is no different than last month at 1.3. Magnolia Seattle real estate is still very much in a seller’s market as we need a 6 month supply in order to be considered balanced. The average percentage of list price is 103.4%, which indicates a buyer’s negotiation power. This basically means that homes are going for not only the full amount of the asking price, but over. This is due to high demand and low inventory resulting in bidding wars and homes getting over the asking price. Whether you are looking to list or buy a home for sale in Magnolia Seattle, working with a Magnolia Seattle realtor who knows what is happening in the market is crucial. This information can help guide your decisions which have a huge impact on whether or not your experience is a success. As a long time Magnolia Seattle realtor, I would be happy to give you more information.


Posted on October 18, 2017 at 8:38 pm
Molly Shutes | Posted in Uncategorized |

Queen Anne Seattle Real Estate Update

If you are in the market to buy or sell Queen Anne Seattle real estate, knowing the current market conditions can help you navigate the transaction successfully. As a seller you can know what to expect as far as what is appropriate for pricing, days on market, etc. As a buyer you can get an idea of how much you will spend and what your negotiation power is with the price points. Using a Queen Anne Seattle realtor is necessary as they can get you this information as well as help you get through any bumps that my pop up throughout the listing or buying process. So how is this particular neighborhood doing? Let’s take a look!

The average sales price for Queen Anne Seattle real estate is up 7.6% at $782,259 while the median is up 28.7% at $625,000. Unlike it’s neighbors in Magnolia, the new listings and the homes for sale have seen a decrease. The new listings have gone down 9.3% while the homes for sale have gone down 41.7%. The pending sales and closed sales have gone up slightly between 2%-3%. The median days on market is 8 while the average is 22. The percentage of list price is 104.4%, which means the average home is not only getting full price but over. Which makes sense as the month supply is less than 1 at 0.8. A balanced Queen Anne Seattle real estate market needs a 6 month supply. If you are looking for a Queen Anne Seattle realtor to help you navigate this current competitive market, give me a call. I would be happy to help!


Posted on September 25, 2017 at 10:40 pm
Molly Shutes | Posted in Uncategorized |

Seattle, WA Real Estate Market Report

If you are thinking buying or selling real estate in Seattle, WA, knowing what the current market conditions are can have a profound impact on your experience. As a seller, knowing things like the average and median sold price will help guide you in picking an appropriate listing price while as a buyer, you know a general idea of what to expect as far as an offer price goes. Of course, working with a qualified Seattle, WA realtor that can guide you throughout the transaction also makes a huge difference. You will need someone who is well versed in the local market, as well as someone who acts as your advocate in case things get complicated. In a competitive market like the one we are experiencing today, this is huge! So how is real estate in Seattle, WA doing? Let’s take a look!

The median sold price is up 13.3% at $620,000 while the average sold price is up 10.6% at $707,364. The average price per square foot for real estate in Seattle, WA is up 10.5% at $432. The average percentage of list price for Seattle, WA real estate is 104.5%. This stat indicates your negotiation power and currently, on average, homes for sale in Seattle, WA are not only getting full price, they are getting over. This is likely due to the fact that we are dealing with a month supply of 1. A Seattle, WA realtor looks for a 6 month supply in order to consider the market “balanced”. To further prove that point, new listings are down 2% while homes for sale in Seattle, WA are down 14.4%. Pending sales are up, but only by 2.1% and closed sales are up by 2.3%. The median days on market is 8 while the average days on market for Seattle, WA real estate is 23. This means homes for sale in Seattle, WA are moving fast, making it more important than ever to work with a qualified Seattle, WA realtor. If you are looking to buy or sell, give me a call. I would be happy to help!


Posted on September 25, 2017 at 10:28 pm
Molly Shutes | Posted in Uncategorized |

Categories