Every once in a while, you’re privileged to work on a particularly special transaction. Recently, I was able to represent a family who sold their 1929 Craftsman home in beautiful Fall City, Washington.
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Summer is just around the corner and with that, comes waterfront season. RSIR has released a comprehensive analysis of 15 months of waterfront sales, from January 2018 through March 2019.
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Real estate has been — and will always be — an industry that requires a personal touch. This human interaction will persistently be a critical component in the success of a sale. But as technology advances, the best agents will capitalize on data available to them to inform their decisions and use this as a tool to leverage properties.
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Spring is always a wonderful season for change. Many homeowners find this an ideal time to redecorate or renovate their home. Maybe it’s been awhile since you’ve made any updates or you feel recently inspired. Either way, I have a list you must read of 9 design trends that are taking over 2019.
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In the wake of the latest S&P Case-Shiller Home Price Index, which reflects sales data from September 2018, Seattle Times and other local media outlets proclaimed that residential home prices in the Seattle Metropolitan Area are rapidly declining. We elect, however, to keep an eye on the trendlines rather than the headlines, and are delving deeply into how the Index is computed and comparing its results with data obtained from the Northwest Multiple Listing Service (NWMLS).
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As droves of people flock to Seattle and the Eastside, local real estate continues to sizzle while showing some hints of cooling down. Realogics Sotheby’s International Realty’s latest market report details 2018’s third quarter trends for these two fast-growing regions.
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After nearly a decade of declining inventory in the Seattle area, The Seattle Times reports that the number of homes for sale “is finally starting to rise — and in a big way — as the rapid-fire market that has led to extreme bidding wars and lightning-fast sales slows a bit.” Referencing a report released by the Northwest Multiple Listing Service, the Times says that the number of single-family homes increased by 43-percent in June 2018 compared to this same time last year, while condo inventory skyrocketed by 73-percent.
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As indicated by average sales prices from around the Puget Sound in January 2018, the Seattle real estate market shows no signs of slowing, despite the start of the year typically marking a slowdown in our region. According to a recent article published by Seattle Times, “single-family home prices across the county surged nearly 20 percent in January compared with a year prior,” and virtually no area was left untouched by gains, with increases ranging from 11 to 28 percent.
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The Tech Boom’s impact on the economy and housing market in the Seattle area is receiving increasing recognition, as national news outlets are now weighing in on what the Emerald City’s future may hold. Most recently, Nick Wingfield of The New York Times reported that “Seattle, in Midst of Tech Boom, Tries to Keep Its Soul,” saying that Seattle leaders are no longer looking at San Francisco as a model to live up to, but as a “cautionary tale” to avoid.
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