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.

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!

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!

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!

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!

If you are looking to list or buy Magnolia Seattle Real Estate, being aware of the current market conditions is key to a successful experience. As a seller, you have a good idea of what is appropriate to price at, how many days a home is sitting on the market as well as what kind of market you are in. As a buyer, you get an idea of the average and median sold prices (aka a ball park number of what you can expect to spend) as well as the percentage of list price (this indicates your negotiation power). Of course, whether you are buying or selling Magnolia Seattle Real Estate, choosing a qualified Magnolia Seattle Realtor is key. They can not only help you navigate the current market, but also be your guide during the escrow process. So, how is this neighborhood doing this month? Let’s take a look.

The average sold price has gone up 16.7% and is currently at $931,426 and the median sold price is up 9.9% at $781,000. This is good news for sellers as it means the value on their home for sale in Magnolia, Seattle real estate is up. Also up are a majority of the other categories we follow: New listings, homes for sale, pending sales and closed sales. New listings are up 17.4% while homes for sale are up 11.4%. Pending sales are up 23.1% and closed sales are up 16.9%. Month supply has also gone up from last month and last year at 8.3%. Currently we are sitting at a 1.3 supply. 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 103.3%, 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. 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.

The Seattle real estate market has been making headlines across the nation for the past year. Inventory is very low and the demand is incredibly high with the rapid economic growth and the influx of people moving to the region every single day. Because of this, the current Seattle real estate market is incredibly competitive right now. It is a fabulous time for seller’s to list their real estate in Seattle but it is a tough time for buyers trying to get into a home for sale in Seattle. Whether you are buying or selling, the use of a qualified Seattle realtor is incredibly important. As a seller they can help you pick the appropriate list price as well as get your home ready for the market. If you are a buyer, working with an experienced Seattle realtor will help you in a few ways. First, they will have good working relationships with other brokers, which can aid in making a strong offer. Second, they will know of properties that haven’t yet hit the market, but will. Which means, you have a good chance of taking a tour before anyone else knows about it. In addition to these two perks, they are able to guide you every step of the way using their expertise. So how is the current Emerald City market looking? Let’s take a look.

Both the average and median sold price is up, which sellers will be happy with. The median is up 13.7% at $614,000 while the average is up 10% at 698,870. New listings in Seattle and homes for sale in Seattle are both down. Luckily, the decrease is minimal. New listings in Seattle are down 0.8% and homes for sale in Seattle are down 13%. Pending sales are up 3.6% and closed sales are up 4.1%. The percentage of list price (which helps determine your negotiation power) is at 104.2%. This basically means, on average, real estate in Seattle is getting over asking. The median days on market is currently 8 days while the average days on market is 26. Basically, homes are moving quickly. Which isn’t shocking given that the month supply is at a 1 right now. In order for a market to be considered balanced, there needs to be a 6 month supply. With a market this tight, be sure you have chosen a long time Seattle realtor to help you navigate it. For more information on real estate in Seattle, give me a call!

If you are thinking of buying or selling Ballard, Seattle real estate, you have come to the right spot. Knowing what is happening in the local market ensures success regardless of what side of the transaction you are on. 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. As a buyer, knowing what is happening in the Ballard, Seattle real estate market allows you to be confident in your offer price. 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! The average has gone up 14% at $702,256 while the median has gone up 15.4% at $675,000. Interestingly, while these are considered higher price points in general, these are still lower compared to some of the other nearby sought after neighborhoods. New listings are down 2.5%, homes for sale have taken a hit at 14% but pending sales and closed sales are up between 1.1%-2.3%. 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. The month supply is currently 0.6. In order to be considered balanced, a market should have a 6 month supply. Also, the median days on the market (which is the amount of time a home goes from active to pending) is 8, with the average being 16. Now, The average percentage of list price (which basically determines your negotiation power) is 105.3%. 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.