Magnolia, Seattle Real Estate Update

If you are thinking of buying or listing homes for sale in Magnolia, Seattle, this summer, there are a couple of things you will need to do to get the process started. This first is finding a Magnolia, Seattle Realtor. The second is understanding what is happening in the Magnolia, Seattle Real Estate Market. When you pick a qualified and professional Magnolia, Seattle Realtor, you can have the confidence that you have an experienced professional representing you. Additionally, a Magnolia, Seattle Realtor can help you understand what is happening in the Magnolia, Seattle Real Estate Market. You can use details like average and median sold prices for homes for sale in Magnolia, Seattle and month supply towards your success. As a seller, this insight gives you an idea of how to price appropriately for the current market. This ensures you sell quickly while getting multiple offers. As a buyer, you understand your position in the market and can use that to your advantage by learning what makes a competitive offer, which is important when you are dealing with little to no inventory. So how is the Magnolia, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Magnolia, Seattle goes, prices are up. The average is up 14.4% from this time last year and is officially over the million-dollar mark at $1,020,903. The median sold price is up 18% at $884,975. The current percentage of list price is up 0.9% from last year but the same as last month at 104.1%. This tells us two things: Magnolia, Seattle homes for sale are going for over asking in most scenarios AND what your negotiation power is. Your realtor in Magnolia, Seattle will further explain how you can use this number to your benefit.

As far as inventory in this neighborhood is concerned, the amount of Magnolia, Seattle homes for sale is down 4.3% while the amount of new listings is down 7.4%. Closed sales are down 1.5% and pending sales are down 1.2%. This is all a result of the low month supply that has been making headlines for the past few years. Currently, this number is down from this time last year by 15.4% at 1.10. The month supply dictates what kind of market Magnolia, Seattle real estate is in. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Both the average and median days on market are down. The median days on market for Magnolia, Seattle homes for sale is 8 while the average is down to 22.

If you are looking for a Magnolia, Seattle Realtor or Magnolia, Seattle homes for sale, feel free to give me a call. I would be happy to help! For more market reports, visit the team site www.teamshutes.com


Posted on July 16, 2018 at 10:32 pm
Molly Shutes | Posted in Uncategorized |

Queen Anne Seattle Real Estate Report

Thinking of listing or buying homes for sale in Queen Anne, Seattle? You came to the right spot! Before you do anything, you will want to find a Queen Anne, Seattle Realtor who will act as your advocate as you navigate the Queen Anne, Seattle Real Estate Market. Working with an experienced Queen Anne, Seattle Realtor who has a proven track record has perks that buyers and sellers can benefit from. A Queen Anne, Seattle Realtor will have the ability to tell you what exactly is happening in the Queen Anne, Seattle Real Estate Market, which is something you can use when making or accepting an offer. Details like average and median sold prices for homes for sale in Queen Anne, Seattle, along with days on market and the month supply can help both buyers and sellers. Sellers can use this information to price their property according to market value, which allows for a shorter market time while attracting multiple offers. Buyers can find out the necessary details that help create an offer that stands out to sellers, which is so helpful in our current competitive market. So how is the Queen Anne, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Queen Anne, Seattle goes, prices are up. The average is up 12.1% from this time last year at $985,321. This is up by $10,000 as well just from last month. The median sold price is up 14.5% from last year at $870,000. This is up by $12,000 from just last month. The average percentage of list price for this neighborhood is at 104.6%. Your realtor in Queen Anne, Seattle can further explain how you can use this number to your benefit, but it basically indicates your negotiation power and tells us that Queen Anne, Seattle homes for sale are going for over asking.

The amount of Queen Anne, Seattle homes for sale is down 23.8% while the amount of new listings is down 10.2%. Closed sales are down 5.1% and pending sales are down 6.3%. This is all a result of a low month supply, which is currently down from this time last year by 25% at 0.9. The month supply tells us who has control of the Queen Anne, Seattle real estate market. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Both the average and median days on market are down. The median days on market for Queen Anne, Seattle homes for sale is 8 while the average is down to 21. If you are looking for a Queen Anne, Seattle Realtor or Queen Anne, Seattle homes for sale, feel free to give me a call. I would be happy to help! If you would like more market reports on other local Seattle neighborhoods, visit our team site www.teamshutes.com.


Posted on July 4, 2018 at 10:21 pm
Molly Shutes | Posted in Uncategorized |

Seattle Real Estate Update

If you are in the market to list or buy homes for sale in Seattle, WA, you are about to enter one of the most competitive markets in the U.S. right now. With little to no inventory and record high demand, you will want to make sure you start off on the right foot regardless of what side of the transaction you are on. There are two ways you can do this, both of which ensure success. The first is finding a Seattle Realtor and the second is understanding the current conditions of the Seattle Real Estate Market. When you align with a Seattle realtor to represent you who is qualified and professional, you can be confident that you have an advocate equipped to guide you through the process. A Seattle Realtor can also give you an accurate update on how the Seattle Real Estate Market is doing and its impact on you as a buyer or seller. Knowing things like days on market, average and median sold prices for homes for sale in Seattle and month supply can benefit you as both a buyer and a seller. As a buyer, you can work with your realtor to craft a competitive offer that stands out in the stack. As a seller, you can price according to market which ensures a short market time and attracting multiple good offers. So how is the Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Seattle goes, prices are up. The average is up 13.8% from this time last year at $777,163 and the median is up 16% at $690,000. To understand how much negotiation room you have, the average percentage of list price is currently 105.3%. Ask your realtor in Seattle how you can use this to your advantage but note that at the time this blog was published, Seattle homes for sale are going not only for asking, but over.

As far as inventory goes, the amount of Seattle homes for sale is down 11.7% while the amount of new listings is down 1.9%. Closed sales are down 6.9% and pending sales are down 2.4%. This decrease in inventory is a result of a low month supply. Real Estate in Seattle has been making headlines for some time thanks to high demand and record low properties for sale. This number is down from this time last year by 1.2% at 0.9. To understand the importance of this number, this dictates what kind of market we are in. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Your realtor in Seattle will be able to share what this number is as it changes with the market. Both the average and median days on market are down. The median days on market for Seattle homes for sale is 8 while the average is down to 17.

If you are looking for a Seattle Realtor or Seattle homes for sale, feel free to give me a call. I would be happy to help!


Posted on June 18, 2018 at 5:25 pm
Molly Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

If you are thinking of buying or listing homes for sale in Magnolia, Seattle, this summer, there are a couple of things you will need to do to get the process started. This first is finding a Magnolia, Seattle Realtor. The second is understanding what is happening in the Magnolia, Seattle Real Estate Market. When you pick a qualified and professional Magnolia, Seattle Realtor, you can have the confidence that you have an experienced professional representing you. Additionally, a Magnolia, Seattle Realtor can help you understand what is happening in the Magnolia, Seattle Real Estate Market. You can use details like average and median sold prices for homes for sale in Magnolia, Seattle and month supply towards your success. As a seller, this insight gives you an idea of how to price appropriately for the current market. This ensures you sell quickly while getting multiple offers. As a buyer, you understand your position in the market and can use that to your advantage by learning what makes a competitive offer, which is important when you are dealing with little to no inventory. So how is the Magnolia, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Magnolia, Seattle goes, prices are up. The average is up 13.2% from this time last year and is officially over the million-dollar mark at $1,004,578. The median sold price is up 16.1% at $871,250. To understand how much negotiation room you have, the average percentage of list price for this neighborhood is at 104.1%. Your realtor in Magnolia, Seattle will further explain how you can use this number to your benefit, but in a nutshell, this indicates your negotiation power as well as tells us that Magnolia, Seattle homes for sale are going for over asking.

As far as inventory in this neighborhood is concerned, the amount of Magnolia, Seattle homes for sale is down 4.3% while the amount of new listings is barely up 0.4%. Closed sales are down 0.2% and pending sales are down 3.3%. The decrease we are seeing in these categories is simply a result of a low month supply. This number is down from this time last year by 21.4% at 1.10. The month supply dictates what kind of market Magnolia, Seattle real estate is in. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Your realtor in Magnolia, Seattle will be able to share what this number is as it changes with the market. Both the average and median days on market are down. The median days on market for Magnolia, Seattle homes for sale is 8 while the average is down to 17.

If you are looking for a Magnolia, Seattle Realtor or Magnolia, Seattle homes for sale, feel free to give me a call. I would be happy to help!


Posted on June 13, 2018 at 5:07 pm
Molly Shutes | Posted in Uncategorized |

Queen Anne, Seattle Real Estate Update

Thinking of listing or buying homes for sale in Queen Anne, Seattle? You came to the right spot! Before you do anything, you will want to find a Queen Anne, Seattle Realtor who will act as your advocate as you navigate the Queen Anne, Seattle Real Estate Market. Working with an experienced Queen Anne, Seattle Realtor who has a proven track record has a couple of perks that buyers and sellers can benefit from. The first is resting easy, knowing you have someone to professional representing you throughout the entire transaction. This is so helpful as things don’t always go as planned in the world of real estate. The other perk is that a Queen Anne, Seattle Realtor will have the ability to tell you what exactly is happening in the Queen Anne, Seattle Real Estate Market, which is something you can use when making or accepting an offer. Details like average and median sold prices for homes for sale in Queen Anne, Seattle, along with the month supply and days on market help both buyers and sellers. As a seller, you can use this information to help you price your property according to market value, which allows you to experience a shorter time on the market while attracting multiple offers. Buyers, you can find out the necessary details that help you put together an offer that stands out to sellers, which is so helpful in our current competitive market. So how is the Queen Anne, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Queen Anne, Seattle goes, prices are up. The average is up 13.1% from this time last year at $975,132. The median sold price is up 13.9% at $858,000. The average percentage of list price for this neighborhood is at 104.6%. Your realtor in Queen Anne, Seattle will further explain how you can use this number to your benefit, but in a nutshell, this indicates your negotiation power as well as tells us that Queen Anne, Seattle homes for sale are going for over asking.

As far as inventory in this neighborhood is concerned, the amount of Queen Anne, Seattle homes for sale is down 23.8% while the amount of new listings is down 10.2%. Closed sales are down 5.1% and pending sales are down 6.3%. This is not great news for buyers, however, this is all a result of a low month supply. This number is down from this time last year by 25% at 0.9. To understand the month supply, this tells us who has control of the Queen Anne, Seattle real estate market. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Your realtor in Queen Anne, Seattle will be able to share what this number is as it changes with the market. Both the average and median days on market are down. The median days on market for Queen Anne, Seattle homes for sale is 8 while the average is down to 21. This is great news for sellers looking to move their property quickly. Although be prepared for a fast move! Buyers, this tells you that you do not have time to “sleep on it”.

If you are looking for a Queen Anne, Seattle Realtor or Queen Anne, Seattle homes for sale, feel free to give me a call. I would be happy to help!


Posted on June 8, 2018 at 5:00 pm
Molly Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Update

Buying or selling homes for sale in Ballard, Seattle? In our current, competitive market, this is an exciting time for both buyers and sellers. Buyers have the potential of owning a property in one of the hottest neighborhoods in Seattle while sellers stand to make a substantial return on investment. In order to successfully achieve your real estate goals, you have two tasks you need to do before you can get started. The first task is finding a Ballard, Seattle Realtor. We guide you through the experience using our professional experience, while also educating you on what is happening in the Ballard, Seattle Real Estate Market. When you align yourself with a professional, qualified Ballard, Seattle Realtor who has a proven track record, you can rest assured knowing you have someone who will be by your side throughout the entire transaction and beyond. The other perk to working with a Ballard, Seattle Realtor who knows this area is you know what exactly is happening in the Ballard, Seattle Real Estate Market. Using details like average and median sold prices for homes for sale in Ballard, Seattle, along with the month supply and days on market can work to your advantage. As a seller, knowing the average and median sold price helps you to price your property according to market value. This helps you sell quickly while attracting multiple offers. As a buyer, you can find out the necessary details that help you put together an offer that stands out in our competitive market, which is crucial right now seeing as most homes are getting multiple offers. So how is the Ballard, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Ballard, Seattle goes, prices are up. The average is up 13.7% from this time last year at $766,103. The median sold price is up 11.1% at $750,000. The average percentage of list price for this neighborhood is at 106.1%. In a nutshell, this number indicates your negotiation power. It also tells us that Ballard, Seattle homes for sale are going for over asking. Your realtor in Ballard, Seattle will further explain how you can use this number to your benefit when it comes to making or accepting an offer.

As far as inventory in this neighborhood is concerned, the amount of Ballard, Seattle homes for sale is down 22% while the amount of new listings is down 11.6%. Closed sales are down 9% and pending sales are down 15.2%. This is not great news for buyers, however, this is all a result of a low month supply. This number is down from this time last year by 20% at 0.4. This number tells us that this neighborhood basically has close to no inventory. Which is not a huge surprise seeing as it is one of the most desirable areas in Seattle. To better understand the importance of what month supply means, it tells us who has control of the Ballard, Seattle real estate market. Anything less than 4 is a seller’s market while anything over 6 is considered balanced. Your realtor in Ballard, Seattle will be able to share what this number is as it changes with the market. Both the average and median days on market are down. The median days on market for Ballard, Seattle homes for sale is 7 while the average is down to 11. Sellers, be prepared to move fast and buyers, “blink and you’ll miss it”, aka if you see a home you like, write an offer immediately. Waiting even an hour could put you out of the running.

If you are looking for a Ballard, Seattle Realtor or Ballard, Seattle homes for sale, feel free to give me a call. I would be happy to help!


Posted on June 2, 2018 at 4:53 pm
Molly Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

If you are buying or selling homes for sale in Magnolia, Seattle, you should know it is crucial to understand the current market conditions. Whether you are a buyer or a seller, details like sold prices, days on market, and month supply can help you have a successful Magnolia, Seattle real estate transaction. As a seller, these details help you list at a market appropriate sales price AND prepare your home according to how fast properties are moving. When you price according to the local Magnolia, Seattle real estate values, you can rest assured your home will sell fast. Which is important in our local market as homes for sale in Magnolia, Seattle are pending in record time. As a buyer, you can use these stats to your benefit by coming up with a competitive offer that will stand out above the competition. The best place to get this information is from a Magnolia, Seattle realtor. An experienced, local professional is the best resource to find out what is happening when it comes to Magnolia, Seattle homes for sale. Let’s take a look at how our neighborhood is doing!

Magnolia, Seattle homes for sale have increased compared to this time last year but are down a bit from last month. The average sold price increased 11.2% to $982,969 and the median has increased 13.4% at $850,500. The average price per square foot has increased 12.3% at $466. The average percentage of list price has gone up 104.1%. This number is used to determine your negotiation power and also indicates that homes for sale in Magnolia, Seattle are going for over asking on average. Days on market are 8 for the median and 22 for the average.

As far as inventory is concerned, new listings have gone up 0.8% while the amount of Magnolia, Seattle homes for sale has increased 2.1%. Pending sales are up 7.6% and closed sales are up 6%. The month supply is still at 1.2, which is the number we have been sitting at for the past few months. Us Magnolia, Seattle realtors look for a 6 month supply in order to consider the market balanced. Anything less than 4 is considered a seller’s market, which we are clearly in. The best piece of advice I can give anyone looking to buy or sell in this neighborhood is to work with a qualified Magnolia, Seattle realtor who knows the neighborhood. Our goal is to help you navigate the entire process from start to finish and beyond. If you are interested in more information, feel free to give me a call. I would be happy to help!


Posted on May 20, 2018 at 1:49 pm
Molly Shutes | Posted in Uncategorized |

Queen Anne, Seattle Real Estate Update

Getting ready to list or buy Queen Anne, Seattle homes for sale? Knowing what is happening in the market is necessary for success. Queen Anne, Seattle realtors use details like sold prices, days on market and more to help our clients achieve success. As a seller, knowing how quickly homes for sale in Queen Anne, Seattle are selling can guide you in terms of when to pack, how long you can expect before you receive an offer, etc. As a buyer, you can use these numbers to create a competitive offer that seller’s will find enticing. The best way to get these details are from a Queen Anne, Seattle realtor.  So how is this particular neighborhood doing? Let’s take a look!

The average sold price for Queen Anne Seattle real estate has gone up 10.9% to $948,721. This median sold price has gone up 11.1% to $834,000. The average price per square foot has increased 17.2% at $552. The percentage of list price is 105.1%, which means on average, homes for sale in Queen Anne, Seattle are closing with over asking offers.

Queen Anne, Seattle real estate has seen new listings go down by 7.5%. Queen Anne, Seattle homes for sale have decreased in general by 16.3%. Pending Queen Anne, Seattle homes for sale have gone down 7.2% and closed sales have increased 4.8%. Median days on market are 8 and the average is 20. This neighborhood is in a seller’s market with a month supply of 1. A Queen Anne, Seattle real estate market needs a 6 month supply in order to be considered balanced. Anything less than 4 is considered in favor of the seller.

We know this area is competitive due to increase in pricing and the rate that homes are getting offers. Your Queen, Anne Seattle realtor can help you with both the aspects of selling and buying so both parties are prepared to move fast. My only advice for navigating this market is using an experienced Queen Anne, Seattle realtor. If you have any questions on this neighborhood, both buying and selling, let me know. I would be happy to help!


Posted on May 12, 2018 at 1:39 pm
Molly Shutes | Posted in Uncategorized |

Seattle Real Estate Update

If you are thinking of listing or purchasing Seattle homes for sale, you probably already know that you are about to enter one of the toughest markets for a buyer and one of the best for a seller. Our real estate market has been making news headlines for the last couple years and things are not slowing down anytime soon. Regardless of what side of the transaction you are on, the best way to have a successful experience is by working with a qualified, professional Seattle realtor who has been serving our area for a long time. There are a few perks to this that benefit both parties, especially in a market like ours. A local pro will not only know the current conditions of each neighborhood, but they are able to advise their clients accordingly. They also act as your guide and your advocate from start to finish and beyond. You should always look for a realtor in Seattle that takes great pride in making sure their clients make educated decisions. I use details from the NWMLS like average and median sold price, days on market and month supply to help my sellers prepare their listing and pick a market appropriate list price while I use this information to help my buyers produce a competitive offer. A Seattle realtor is truly the best resource for a successful Seattle real estate experience.  So how is the Seattle real estate market doing? Let’s take a look!

No surprises here, the median and average sold prices have gone up compared to this time last year and just last month.  The average sold price for Seattle homes for sale has increased 13.5% to $766,439. The median sold price for homes for sale in Seattle has increased 16.2% at $680,000. The average price per square foot has gone up 12.4% at $470, also up from last month too. Meanwhile the percentage of list price is still at 105.4%, which it has been for the past few months. This number is used to determine your negotiation power when it comes to homes for sale in Seattle. It also informs us that homes, on average, are selling for over asking.

Inventory has decreased in all categories except new listings. Those have seen a minimal 1% increase. Not much, but hey, we’ll take it. The available number of Seattle homes for sale has decreased 8.9%. Pendings have decreased 0.7% and closed sales have decreased 5%. The average days on market is 17 while the median is 8, which hasn’t changed from last month. The month supply is still at a 1 which it has been for the past several months. A balanced market needs 6 months and anything less than 4 is considered a seller’s market.

If you are interested in buying Seattle real estate, working with an experienced Seattle realtor is going to make the difference. For my sellers, I exhaust all marketing efforts in order to attract a qualified buyer and top dollar for your home. As a buyer, I help you craft a competitive offer that sellers will find enticing. For more information, give me a call. I’d be happy to help!


Posted on May 5, 2018 at 1:31 pm
Molly Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Update

Thinking of buying or selling real estate in Ballard, Seattle? You have come to the right spot. Not only is Ballard one of the most sought-after neighborhoods, but it is also one of the higher priced areas thanks to low inventory and high demand. If you are thinking about buying homes for sale in Ballard, Seattle, be prepared for competition and crafting an offer that will stand out above the rest. Sellers, be prepared for a quick sale and organize your property and your move accordingly. Regardless of whether you are buying or selling Ballard, Seattle homes for sale, knowing what is happening in the neighborhood’s market is crucial as this information can guide both sides towards a good experience. The best way to get this information is from a Ballard, Seattle realtor. Working with someone who knows this area is so necessary. Let’s check out the numbers!

The average and median sold prices for homes for sale in Ballard, Seattle have both gone up compared to this time last year AND just last month. The median sold price for Ballard, Seattle homes for sale has gone up 13.6% at $749,950 and the average sold price has gone up 15.2% at $758,932. The average price per square foot is up 15.5% currently at $543. The percentage of list price is still 106.1%. This number is important as it gauges your negotiation power is. It also tells us that homes for sale in Ballard, Seattle are going for over asking price in most scenarios.

For inventory, that has continued to go down across the board. The amount of Ballard, Seattle homes for sale has decreased by 17.4%. New listings have decreased by 6.8%, pendings have decreased by 9.3% and closed sales have decreased by 5%. This is all due to low inventory as Ballard, Seattle real estate has a .40 month supply. With a balanced market requiring 6 months and anything less than 4 being considered a seller’s market, we clearly know what kind of market we are in. If you are looking in this neighborhood, give me a call. I would be happy to help!


Posted on May 1, 2018 at 4:34 am
Molly Shutes | Posted in Uncategorized |

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