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Real Estate News Local Market Update: Hot Streak Continues The real estate market traditionally cools off in the summer, but August saw a continuation of the market’s hot streak. Home prices increased by double digits over a year ago, fueled by strong demand and the lowest inventory in more than a decade. Rising prices are kindling hopes that more sellers will be willing to […]
Real Estate News Residential Property Values Up 9.4% in South Beacon/Rainier Valley Last month, King County Assessor Lloyd Hara announced an average residential property increase of 9.4% for Area 21 – South Beacon/Rainier Valley (individual property values may vary). The Assessor’s office also launched LocalScape, a new interactive online app, to track area and individual property value changes online, along with a rich landscape of neighborhood data including […]
Real Estate News Single Family Home Rental Market: Owners Reaping Benefits The first half of 2015 saw a significant reduction (26%) in rental inventory across the Puget Sound as reluctant landlords finally had the “Sellers’ Market” they’d anxiously been waiting for. Property Managers experienced the same super-heated conditions as the resale market, with skyrocketing rents driven by an influx of applicants competing for limited inventory. Long-term […]
Real Estate News Local Market Update: Roaring Seller’s Market We’re still be having record heat in the Puget Sound region, and our home prices are rising with the thermometer. It’s still a roaring seller’s market out there, especially on the Eastside. We continue to have local markets in dire need of inventory, so this is an excellent time to list your home and take […]
Real Estate News Pent-Up Demand Boosting Western Washington Home Sales, Prices NW REporter: Pent-up demand continues to fuel home sales around Western Washington with millennials, military families and relocating workers vying for limited inventory. Brokers from Northwest Multiple Listing Service say they’re not seeing a typical summer slowdown. Commenting on a new report from Northwest Multiple Listing Services summarizing July activity, J. Lennox Scott, chairman and […]
Real Estate News Sweltering in Seattle If the Seattle housing market was described in terms of weather, it would be Scottsdale in mid-summer. Seriously, if you want to buy a home in our highly-coveted city, you only have nine days to do it because that’s the average amount of time it takes for homes to sell in Seattle right now. Case […]
Real Estate News Median Single-Family Home Price Hits 500k According to the NWMLS (Northwest Multiple Listing Service), the median sales price of single-family homes in King County in June climbed to $500,000, up 10.3 percent from a year ago. The last peak? July 2007, at the start of the nation’s housing bubble, when it hit $481,000. No need to fret though, our sources say […]
Real Estate News Homeownership Has Declined, But It Won’t Be Forever By Matthew Gardner, Chief Economist, Windermere Real Estate In addition to talking about housing bubbles, another topic that is becoming popular among housing scaremongers is the ongoing decline in the U.S. homeownership rate. Remarks range from the direct, “American homeownership is at its lowest level in more than two decades,” to the downright inflammatory, “Rental […]
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Real Estate News We Are Single-Family Homeowners, Hear Us Roar Seattle Weekly: Seattle is in a restive, unsettled mood. The economy may be humming along nicely, but something is out of kilter. Many residents are feeling crowded, too crowded, uncomfortable with the speed in which the city is growing, and convinced that developers are running the show. By a long shot, not everyone has bought […]
Real Estate News Local Market Update June 2015 Home sales are booming, but the local market is starving for inventory. Areas close to city centers are particularly hard hit. Homes are selling within days, often for well over asking price. It’s an incredible market for sellers. If you’re considering selling your home, this is an excellent opportunity to get a premium price for […]
Real Estate News Local Market Update May 2015 Continued strong demand has pushed home prices in King County over their 2007 peak. Faced with record low inventory and anxiety about rising interest rates, buyers are snapping up homes as soon as they come on the market. What is tough news for buyers is a boon for sellers. A recent analysis of home sales […]
Real Estate News Homebuyers beware: Seattle Beyond A Seller’s Market GeekWire: If you’re thinking about buying a place, you’d best put that off for a while. Redfin’s “Real Time Housing Market Tracker” report reveals that it’s not only slim pickings out there, it’s getting downright ugly in Seattle. The real estate agency reports that Seattle has the lowest inventory of homes for sale — ever. […]
Real Estate News Local Market Update April 2015 From Windermere Seattle The spring real estate market definitely came in like a lion. Rising employment, low mortgage rates and very tight inventory have created a buying frenzy. Homes sold within days of being listed – often for over asking price – further frustrating buyers who are facing a serious lack of homes to choose […]
Real Estate News Don’t Hold Your Breath for a Drop in Home Prices By Windermere Seattle There are certain things worth waiting for, but Seattle home prices to drop isn’t one of them. According to RealtyTrac, a national company that examines housing data, while Seattle wages continue to see steady gains, home prices are outpacing them by about three times. This means that it takes almost 34 percent […]
Real Estate News King County Property Values Rebounding From the King County Assessor’s Report: In 2014, King County was the second fastest growing urban county in the nation, and a strong real estate market has driven property values steadily upward. While many residential properties increased in value, the majority have not returned to the pre-recession values of 2008. King County property values increased […]
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