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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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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We are thrilled to share a review of 2017 market activity in the Puget Sound presented by Realogics Sotheby’s International Realty. Our acclaimed Research Editor and Data Analyst, William Hillis, has assembled an excellent year-over-year review of eight key counties in Western Washington along with data for 29 communities. In addition to providing in-depth market analysis, this year’s report includes a look at the effects of Chinese capital controls and Canada’s restrictions on foreign buyers, landmark sales on the Eastside, the “Condominium Conundrum,” and a timeline of Seattle’s performance on the S&P CoreLogic Case-Shiller Home Price Index. We offer the following key highlights from the reports, with a selection of trends to watch, as a conversation starter so we may discuss the impact on homes in your neighborhood.
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Within the past few years, the inventory of housing for sale in western Washington has done a 180, returning to degrees of shortage not seen since the year 2005. The low housing inventory is most visible in the Greater Seattle area of King, Pierce, and Snohomish counties. Since January 2015, this region of central Puget Sound has remained a seller’s market. Housing inventories remained below four months for nearly the entire year.
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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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On January 21st, I joined several hundred members of the Washington State China Relations Council (WSCRC) and their guests at the Four Seasons Hotel in Seattle for the 36th Annual Banquet Celebration.
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