Seattle Real Estate Update

If you are thinking of buying or listing homes for sale in Seattle, knowing what is happening in the market is super important. As is working with an experienced Seattle Realtor. Especially because the Seattle real estate market is still seeing prices go up and inventory go down. Aligning yourself with a local, professional Seattle Realtor who knows the various neighborhoods and their current trends is so beneficial to your success. When you use the current market stats such as days on market and sold prices, both buyers and sellers can utilize these details to their benefit. Buyers can create a competitive offer while a seller can attract a competitive offer. The best resource for this information is a Realtor in Seattle. We use the local NWMLS InfoSparks, which is the most current stat reporting system. So how is the Seattle real estate market doing? Let’s take a look!

The good news for sellers is that median and average sold prices have gone up! The average sold price for Seattle homes for sale is up 13% compared to this time last year at $757,404. This number is up about $7000 compared to just last month. Meanwhile, the median sold price for homes for sale in Seattle is up 16.4% compared to this time last year at $675,000. This is up about $9000 from last month. The average price per square foot has increased 12.1% at $464, also up from last month. Meanwhile the percentage of list price is still sitting at 105.4%, which is up compared to this time last year but still the same as last month. This number is used to determine your negotiation power when it comes to homes for sale in Seattle. Currently, this stat indicates that properties are getting over asking, which has been common for our market for a while.

Inventory wise, the available number of Seattle homes for sale is down 12.5%. New listings are also down 1.4%, pendings are down 1.2% and closed sales are down 6.7%. The average days on market is 17 while the median is 8. These numbers have been about the same for the past couple months. Also unchanged is our month supply, which is still at 1 for the Seattle real estate. A balanced market needs a 6 month supply and anything less than 4 is considered a seller’s market. If you are buying, be prepared to make an offer fast! Taking your time to think about it will likely have a negative impact on your buying experience as there are so many other buyers trying to get into homes. If you are a seller, be prepared for a quick move! If your property is priced according to the market, the likelihood that your home will sell fast is very high.

If you are interested in buying in King County, working with an experienced Seattle realtor truly makes a very positive impact. As a seller, a realtor in Seattle will utilize strategic marketing efforts to attract a qualified and serious buyer. As a buyer, they are going to help you put together a competitive offer that sellers will find attractive. With so many properties getting so many offers within 24 hours, you want your offer to stand out. For more information about buying or selling Seattle real estate, feel free to give me a call. I have been helping people achieve their real estate goals since 1989!


Posted on April 25, 2018 at 6:12 pm
Molly Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Update

If you are buying homes for sale in Ballard, Seattle, you probably have learned by now that this is very competitive market and that things are moving at record speeds. “Blink and you’ll miss it” is a common saying. This is also good to know for sellers as this popular area is sought after by buyers and Ballard, Seattle homes for sale are moving very quickly. Regardless of what side of the transaction you are on, working with a qualified Ballard, Seattle realtor is crucial. We work to not only guide you through the entire process, but beyond as we act as your advocate in getting you the best deal. An important way to prepare yourself is by understanding the current market conditions. This includes details like days on market, average and median sold price and more. These numbers help buyers understand their competition while sellers get a good idea of what to price at. The best way to get this information is from a Ballard, Seattle realtor. Working with someone who knows this area is incredibly important. So how is Ballard looking? Let’s check out the numbers!

The good news for sellers is that the average and median sold prices for homes for sale in Ballard, Seattle are both up compared to this time last year AND last month. The average sold price for Ballard, Seattle homes for sale is up 15.7% at $751,971. The median is up 14.5% compared to this time last year at $744,150. The average is up compared to just last month, while the median is actually down a little bit. The price per square foot is up 15.4% at $539 (also up from last month quite a bit) while the percentage of list price is up 1.9% at 106%. This number is a great tool as it indicates your negotiation power. It also tells us that Ballard, Seattle homes for sale are getting over asking price in most situations. Once again, I stress the importance of using a qualified Ballard, Seattle realtor if you are looking to buy in this area OR looking to sell. Especially with the month supply only having a .40 month supply. To put this in perspective, anything less than 4 months is a seller’s market and a balanced market needs 6 months. This tells us that the Ballard, Seattle real estate market is not only in a seller’s market, but that there is VERY little inventory to choose from. The amount of Ballard, Seattle homes for sale has decreased by 21.7%. New listings are down 6.9% while pendings are down 6.7% and closed sales are down 11.8%. If you are looking in this neighborhood, give me a call. As an experienced Ballard, Seattle realtor, I would be more than happy to act as your advocate as you buy or sell in this area.


Posted on April 25, 2018 at 5:56 pm
Molly Shutes | Posted in Uncategorized |

Queen Anne, Seattle Real Estate Update

If you are thinking of selling or buying Queen Anne, Seattle homes for sale, knowing what is happening in the market is the key to success. Queen Anne, Seattle realtors use details like days on market, average sold price, month supply and more to educate our buyers and sellers on what makes an attractive offer as well as an enticing list price. As a seller, knowing these details before you list your Queen Anne, Seattle real estate can help you adequately prepare your home for the process. You can not only list at an appropriate market price but you also have an idea of how quickly homes for sale in Queen Anne, Seattle are moving. As a buyer, you can use this same info to come up with a competitive offer as well as understand how much time you have to make an offer. The best way to get these details are from a Queen Anne, Seattle realtor.  So how is this neighborhood doing? Let’s look!

Prices continue to climb! The average sales price for Queen Anne Seattle real estate is up 9.7% at $934,044. The median sold price is up 9.3% compared to last year at this time at $825,000. The average price per square foot is up 17.2% at $546. The percentage of list price is currently at 105%. This is a fabulous way to determine your negotiation power. In this case, it means that on average, homes for sale in Queen Anne, Seattle are getting over ask. This is very common in a seller’s market when the inventory levels are low. This particular neighborhood has a 1 month supply. A Queen Anne, Seattle real estate market needs a 6 month supply in order to be considered balanced. Anything less than 4 is in favor of the seller.

Queen Anne, Seattle real estate has seen a 8.6% decrease in new listings. Queen Anne, Seattle homes for sale are down 15.9%. Pending Queen Anne, Seattle homes for sale are down 2.3% and closed sales are up 3.1%. With so much demand in this neighborhood, properties are moving quickly. The median days on the market is 9 and the average is 20.

As a buyer, you can use this information to your advantage. Know your criteria before you take the time to tour homes, and when you find the right one, prepare to make a competitive offer. As a seller, get your listing ready for the market by getting rid of items you don’t use, packing up, donating and selling. 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 about this neighborhood, both buying and selling, let me know. I would be happy to help!


Posted on April 24, 2018 at 2:49 am
Molly Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

When it comes to listing or buying homes for sale in Magnolia, Seattle, it is important to stay educated on the neighborhood market conditions. Regardless of whether you are the buyer or the seller, things like days on market, average and median sold price and percentage of list price can help you have a successful Magnolia, Seattle real estate experience. As a buyer, you can use this info to create a competitive offer. Which is so important in our local market as homes for sale in Magnolia, Seattle are pending in record time. As a seller, you can use the local comparable sales as a way to figure out an appropriate list number. When you list according to the local Magnolia, Seattle real estate values, you can rest assured your home will sell quickly. 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!

When it comes to listing Magnolia, Seattle homes for sale, now is a great time! The good news for sellers is that the average and median sold price is up compared to this time last year AND last month. The average is up 15.2% from this time last year at $989,423. The median sold price is up 15.4% from this time last year at $850,000. The average price per square foot is up 11.1% compared to this time last year at $459. The average percentage of list price is up compared to this time last year 103.9%. which is actually unchanged from last month. If you are wondering the relevance of this number has, it simply indicates your negotiation power. It also tells us that homes for sale in Magnolia, Seattle are going for over asking on average. Median days on market is just 8 and the average is 23.

As far as the inventory goes, we are happy to report that seller’s aren’t the only ones who get great news this month. New listings are up 6.9% while the total amount of Magnolia, Seattle homes for sale are up 6.4%. Pending sales are up 10.5% and closed sales are up 11.1%. The current month supply still remains incredibly low at a 1.2, which has been the magic number for a couple months now. 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 very much in at the moment. 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. We act as your guide while helping 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 April 24, 2018 at 2:03 am
Molly Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

When it comes to listing or buying homes for sale in Magnolia, Seattle, it is important to stay educated on the neighborhood market conditions. Regardless of whether you are the buyer or the seller, things like days on market, average and median sold price and percentage of list price can help you have a successful Magnolia, Seattle real estate experience. As a buyer, you can use this info to create a competitive offer. Which is so important in our local market as homes for sale in Magnolia, Seattle are pending in record time. As a seller, you can use the local comparable sales as a way to figure out an appropriate list. When you list according to the local Magnolia, Seattle real estate values, you can rest assured your home will sell quickly. 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!

When it comes to listing Magnolia, Seattle homes for sale, now is a great time! The good news for sellers is that the average and median sold price is up compared to this time last year. The average is up 15.9% from this time last year at $976,487. This also up from last month’s $964,795. The median sold price is up 16.1% from this time last year at $841,500, up from last month’s $836,000. The average price per square foot is up 12.3% compared to this time last year at $456. The average percentage of list price is up 1.2% at 103.9%. This number indicates your negotiation power. In this case, it indicates that homes for sale in Magnolia, Seattle are going for over asking price on average. Days on market are 8 for the median and 22 for the average.

As far as the inventory goes, this is probably the first month in a while that we have seen an increase in all four categories. New listings are up 9.3% while the total amount of Magnolia, Seattle homes for sale are up 8.7%. Pending sales are up 16% and closed sales are up 19%. The current month supply still remains incredibly low at a 1.2. 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. We act as your guide while helping 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 March 19, 2018 at 7:11 pm
Molly Shutes | Posted in Uncategorized |

Queen Anne, Seattle Real Estate Update

If you are thinking of selling or buying Queen Anne, Seattle homes for sale, knowing what is happening in the market is the key to success. Queen Anne, Seattle realtors use details like days on market, average sold price, month supply and more to educate our buyers and sellers on what makes an attractive offer as well as an enticing list price. As a buyer, you can use this same info to come up with a competitive offer as well as understand how much time you have to make an offer. As a seller, knowing these details before you list your Queen Anne, Seattle real estate can help you adequately prepare your home for the process. You can not only list at an appropriate market price but you also have an idea of how quickly homes for sale in Queen Anne, Seattle are moving. The best way to get these details are from a Queen Anne, Seattle realtor.  So how is this neighborhood doing? Let’s look!

Good news for sellers! The average sales price for Queen Anne Seattle real estate is up 9.6% at $918,169. The median sold price is up 8.3% compared to last year at this time at $813,500. The average price per square foot is up 17.6% at $542. The percentage of list price is up 2.9% from this time last year at 104.8%. The percentage of list price is a great tool for determining your negotiation power. In this case, it means that on average, homes for sale in Queen Anne, Seattle are getting over list. This is standard when in a seller’s market and the inventory levels are at a record low. This particular neighborhood has a 1 month supply. A Queen Anne, Seattle real estate market needs a 6 month supply in order to be considered balanced. Anything less than 4 is in favor of the seller.

Queen Anne, Seattle real estate has seen a 1.8% decrease in new listings. Queen Anne, Seattle homes for sale are down 13.6%. Pending Queen Anne, Seattle homes for sale, however, are up 1.9% and closed sales are up 11.4%. With so much demand in this neighborhood, properties are moving quickly. The median days on the market is 8 and the average is 19.

As a buyer, you can use this information to your advantage. Know your criteria before you take the time to tour homes, and when you find the right one, make a move. Thinking about it will cost you the house. As a seller, prepare your listing before going to market. De-clutter, get rid of items you no longer use and pack up as many items as possible ahead of time. 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 about this neighborhood, both buying and selling, let me know. I would be happy to help!


Posted on March 19, 2018 at 6:48 pm
Molly Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Update

If you are buying homes for sale in Ballard, Seattle, you should know you are entering a very competitive market and that things are moving at record speeds. Same advice goes for sellers. This popular area is sought after by buyers and Ballard, Seattle homes for sale are moving very quickly. Regardless of what side of the transaction you are on, working with a qualified Ballard, Seattle realtor is crucial. We work to not only guide you through the entire process, but also work as your advocate in getting you the best deal and helping you navigate any problems that could arise. Another important way to prepare yourself is by understanding the current market conditions. This includes details like days on market, average and median sold price and more. These numbers help buyers understand their competition while sellers get a good idea of what to price at. The best way to get this information is from a Ballard, Seattle realtor. Working with someone who knows this area is incredibly important. So how is Ballard looking? Let’s check out the numbers!

The good news for sellers is that the average and median sold prices for homes for sale in Ballard, Seattle are both up compared to this time last year AND last month. The average sold price for Ballard, Seattle homes for sale is up 21.2% at $748,578. The median is up 21.5% compared to this time last year at $747,500. The price per square foot is up 11.1% at $522 while the percentage of list price is up 2.4% at 106.2%. This number indicates your negotiation power and tells us that Ballard, Seattle homes for sale are getting well over asking price in most situations. Once again, I stress the importance of using a qualified Ballard, Seattle realtor if you are looking to buy in this area OR looking to sell. Especially with the month supply being down 20% compared to this time last year with a .40 month supply. To put this in perspective, anything less than 4 months is a seller’s market and a balanced market needs 6 months. As we already know, the Ballard, Seattle real estate market has an incredibly low month supply. The amount of Ballard, Seattle homes for sale has decreased by 25%. New listings are down 8.5% while pendings are down 5.2% and closed sales are down 11.2%. If you are looking in this neighborhood, give me a call. As an experienced Ballard, Seattle realtor, I would be more than happy to act as your advocate as you buy or sell in this area.


Posted on March 18, 2018 at 7:58 pm
Molly Shutes | Posted in Uncategorized |

Seattle Real Estate Update

If you are thinking of buying or listing homes for sale in Seattle, knowing what is happening in the market is super important. As is working with an experienced Seattle Realtor. Especially because the Seattle real estate market is still seeing prices go up and inventory go down. Aligning yourself with a local, professional Seattle Realtor who knows the various neighborhoods and their current trends is so beneficial to your success. When you use the current market stats such as days on market and sold prices, both buyers and sellers can utilize these details to their benefit. Buyers can create a competitive offer while a seller can attract a competitive offer. The best resource for this information is a Realtor in Seattle. We use the local NWMLS InfoSparks, which is the most current stat reporting system. So how is the Seattle real estate market doing? Let’s take a look!

The good news for sellers is that median and average sold prices have gone up! The average sold price for Seattle homes for sale is up 13.2% compared to this time last year at $750,749. Meanwhile, the median sold price for homes for sale in Seattle is up 15.8% compared to this time last year at $666,520. Just like the average sold price, the median sold price is also up compared to last month. The average price per square foot has increased 11.4% at $458. Meanwhile the percentage of list price is up 2% at 105.4%. This number is used to determine your negotiation power when it comes to homes for sale in Seattle. Currently, this stat indicates that properties are getting well over the listing price, which is not news and one of the main reasons our market has been making headlines for some time.

Now that we have covered the finances, let’s look at the inventory. The available number of Seattle homes for sale is down 14.3% at 974 (at the time this blog was published. This is also the same as last month). New listings are also down 1.7%, pendings are down 1.5% and closed sales are down 5.3%. The average days on market is 17 while the median is 8. These numbers have been about the same for the past couple months. Additionally, the month supply is still 1 for Seattle real estate. A balanced market needs a 6 month supply and anything less than 4 is considered a seller’s market. If you are buying, be prepared to make an offer quickly-do not sleep on it! That could cause you to lose out on the property to someone else. If you are a seller, prepare your listing appropriately ahead of time by packing up, de-cluttering and selling items. If your property is priced according to the market, the likelihood that your home will move fast is very high. This saves you time and stress during the escrow process.

If you are interested in buying in King County, working with an experienced Seattle realtor truly makes the difference. Especially with our current market conditions. As a seller, a realtor in Seattle will exhaust all marketing efforts to attract a qualified buyer who is offering top dollar. As a buyer, they are going to help you put together a competitive offer that sellers will find attractive. With so many properties getting so many offers, you want your offer to stand out. For more information about buying or selling Seattle real estate, feel free to give me a call. I have been helping people achieve their real estate goals since 1989!


Posted on March 18, 2018 at 7:11 pm
Molly Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

When listing or buying homes for sale in Magnolia, Seattle, it is important to know what the neighborhood market conditions are. No matter what side of the transaction you are on, things like days on market, average and median sold price and percentage of list price can help you have a successful Magnolia, Seattle real estate experience. As a seller, you can use the local comparable sales as a way to figure out an appropriate list. When you list according to the local Magnolia, Seattle real estate values, you can rest assured your home will sell quickly. As a buyer, you can use this info to create a competitive offer. Which is so important in our local market as homes for sale in Magnolia, Seattle are pending in record time. 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!

When it comes to listing Magnolia, Seattle homes for sale, now is a great time! The good news for sellers is that the average and median sold price is up compared to this time last year. The average is up 14.3% from this time last year at $964,795 AND up from $955,692 just last month. The median sold price is up 13.7% from last year at $836,000 and up from last month’s $825,000. The average price per square foot is up 12.2% compared to this time last year at $452. However, this is actually the exact same as last month. The average percentage of list price is up 0.8% at 103.6%, which is actually unchanged from last month as well. This number indicates your negotiation power which basically means that homes for sale in Magnolia, Seattle are going for not only the full amount of the asking price, but over on average. Days on market are 8 for the median and 23 for the average. If you are selling, be prepared to move fast and as a buyer, be prepared to make an offer quickly.

Now that we have covered the financial aspect of this report, let’s look at the inventory. If you are a buyer and you were starting to feel frustrated, I have some good news for you as well. New listings are up 21.1%. Magnolia, Seattle homes for sale are up 15.6% while pending sales are up 19.3% and closed sales are up 16.8%. We love seeing an increase in inventory, especially because not all of the local neighborhoods can report this. Unfortunately, the current month supply remains at a 1.3, which is unchanged for the last four months now. 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. Not only do we act as a guide, but we 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 February 26, 2018 at 9:28 pm
Molly Shutes | Posted in Uncategorized |

Queen Anne, Seattle Real Estate Update

If you are thinking of selling or buying Queen Anne, Seattle homes for sale, knowing what is happening in the market is incredibly beneficial. Queen Anne, Seattle realtors use details like days on market, average sold price, month supply and more to educate our buyers and sellers on what makes an attractive offer as well as an enticing list price. As a buyer, you can use this same info to come up with a competitive offer as well as understand how much time you have to make an offer. As a seller, knowing these details before you list your Queen Anne, Seattle real estate can help you adequately prepare your home for the process. You can not only list at an appropriate market price but you also have an idea of how quickly homes for sale in Queen Anne, Seattle are moving. The best way to get these details are from a Queen Anne, Seattle realtor.  So how is this neighborhood doing? Let’s look!

Good news for sellers! The average sales price for Queen Anne Seattle real estate is up 13.7% compared to last year at $932,534. This up from last month’s $923,694. This is the same as far as the median sold price goes. That number is up 10% compared to last year at this time at $825,000. The average price per square foot is up 16.5% at $537. The percentage of list price is up 2.5% from this time last year at 104.5% which is the same as last month. This means on average, homes for sale in Queen Anne, Seattle are not only getting full price, but over asking in most scenarios.

We have good news for buyers too! Queen Anne, Seattle real estate has some new listings. The bump from this time last year is minimal at 2.3%, however, any increase is good. Unfortunately, Queen Anne, Seattle homes for sale are down 11.4%. Pending Queen Anne, Seattle homes for sale are up 9% and closed sales are up 16.1%. Median days on the market are 9 and the average is 19, which is unchanged from last month. As a buyer, you can use this information to your advantage by understanding that you cannot “sleep on it”. Know your criteria before you go. If a home is a match for your needs, write up the offer. If you are selling, prepare your listing by de-cluttering, getting rid of and packing up as many items as possible ahead of time. Your Queen, Anne Seattle realtor can help you with both the aspects of selling and buying so both parties are prepared to move fast.

These numbers are a result of this neighborhood being in a seller’s market. A Queen Anne, Seattle real estate market needs a 6 month supply in order to be considered balanced. Anything less than 4 is in favor of the seller. Currently, this market is at a 1. My only advice for navigating this market is using an experienced Queen Anne, Seattle realtor. If you have any questions about this neighborhood, both buying and selling, let me know. I would be happy to help!


Posted on February 26, 2018 at 8:41 pm
Molly Shutes | Posted in Uncategorized |

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