Uncategorized April 5, 2018

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!

Uncategorized March 19, 2018

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!

Uncategorized March 19, 2018

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!

Uncategorized March 18, 2018

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.

Uncategorized March 18, 2018

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!

Uncategorized February 26, 2018

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!

Uncategorized February 26, 2018

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!

Uncategorized February 26, 2018

Ballard, Seattle Real Estate Update

Seattle real estate is one of the hottest markets in the country right now. It is #2 only after San Francisco as one of the most popular spots for millennials to move. Due to the Amazon boom, and tech boom in general, Seattle’s real estate market has become incredibly desirable. Demand is high and inventory is still at record lows. There are certain neighborhoods that are considered more popular than others due to a variety of factors: close proximity to good schools, nightlife, shopping, outdoor recreation and more. One of these neighborhoods is Ballard. 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 fast. Same advice goes for sellers. This popular area is sought after by buyers and Ballard, Seattle homes for sale are moving at a record pace. 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 17.9% at $754,997. This is up from last month’s $737,147 a considerable amount. The median is up 15.9% compared to this time last year at $715,000. Interestingly, this is down from last months median sold price of $738,800. Also, an interesting detail is the price per square foot is $463, while up compared to this time last year by 15.5%, this is actually down from last months $517. One home can throw off an average or median number, SO buyer’s shouldn’t rejoice just yet as the percentage of list price is up! It is up 1.8% compared to this time last year at 106.3% and up compared to last months 105.9%. The percentage of list price indicates your negotiation power. In this particular scenario, it is telling 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.

Inventory wise, the numbers have gone down. The amount of Ballard, Seattle homes for sale has decreased by 21.9%. The amount of new listings are down 3.4% while pendings are down 2.2%. This is all due to the incredibly low month supply. Ballard, Seattle real estate has a .50 month supply. While this is up .10 compared to last month, this is still incredibly low. A balanced market requires 6 months and anything less than 4 is considered a seller’s market. 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.

Uncategorized February 26, 2018

Seattle Real Estate Update

If you are thinking of listing or buying homes for sale in Seattle, knowing the current market conditions is super important. Even more so, the Seattle real estate market is still seeing increased prices and low inventory. If you are thinking of selling or buying Seattle homes for sale this year, it is crucial to work with an experienced Seattle realtor. Aligning yourself with a local professional who knows the various neighborhoods and their current trends is so beneficial to your success. Using current market stats such as days on market and sold prices can help both buyers and sellers when it comes to crafting a competitive offer as well as trying to attract a competitive offer. The best resource for this information is a Seattle realtor. 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 $745,352. This is up from last month’s average sold price of $739,037. Meanwhile, the median sold price for homes for sale in Seattle is up 16% compared to this time last year at $660,000, up from last month’s $651,000. The average price per square foot has increased 10.8% at $453. Meanwhile the percentage of list price is up 1.8% at 105.2%. This number is used to determine your negotiation power when it comes to homes for sale in Seattle. Currently, properties are getting well over asking based on this number.

Now that we have covered the finances, let’s take a look at the inventory. The available number of Seattle homes for sale is down 15.7% at 974 (at the time this blog was published). New listings are also down 2.6%, pendings are down 1.8% and closed sales are down 5.6%. The average days on market is 18 while the median is 8. These numbers have been sitting pretty for the past couple months. 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 as the likelihood of your home moving 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 dreams since 1989!

Uncategorized January 28, 2018

Seattle Real Estate Update

As one of the hottest markets in the nations dives into 2018, we may be starting a new year, but we are starting it off with 2017 trends. The Seattle real estate market is still seeing increased prices and low inventory. If you are thinking of selling or buying Seattle homes for sale this year, it is crucial to work with an experienced Seattle realtor. While sellers and buyers have their work cut out for them, the best thing you can do for success is aligning yourself with a local professional who knows the various neighborhoods and their current trends. Using current market stats such as days on market and sold prices can help both buyers and sellers when it comes to making a competitive offer as well as trying to attract a competitive offer. The best resource for this information is a Seattle realtor. 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 12.5% at $739,037 and the median sold price for homes for sale in Seattle is up 15.2% at $651,000. The average price per square foot has increased 10.6% at $450. Meanwhile the percentage of list price is up 1.7% at 105.1%. This number is used in determing your negotiation power when it comes to homes for sale in Seattle.

Now that we have covered the finances, lets look at the inventory. The available number of Seattle homes for sale is down 16.7% at just under a 1,000. New listings are also down 3.1%, pendings are down 0.9% and closed sales are down 3.8%. The average days on market is 18 while the median is 8. If you are buying, be prepared to make an offer fast. If you are a seller, prepare your listing appropriately ahead of time by packing up, de-cluttering and selling items as the likelyhood of your home moving quickly is high.

If you are interested in buying in King County, working with an experienced Seattle realtor is going to make the difference. As a seller, they will exhaust all marketing efforts to attract a qualified buyer and top dollar. As a buyer, they are going to help you craft a competitive offer that sellers will find enticing. With so many properties getting so many offers, you want yours to stand out in the crowd.