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king county: January 2008 Market Stats - 02/09/08 06:14 PM
Prices for homes that sold last month in western Washington edged up slightly from a year ago, according to new figures from Northwest Multiple Listing Service. In its recap of January activity, the MLS reported inventory, while still plentiful, reached its lowest level since April 2007 (with the exception of the holiday month of December). Pending sales still lagged year-ago volumes and the number of listings is up about 35 percent from January 2007, but MLS directors point to several indicators of rising activity, including:
A significant increase in open house traffic Higher volumes of inquiries from first-time buyers Financing that … (0 comments)
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king county: Snohomish County Market Stats December 2007 - 01/10/08 11:28 AM
Homes sold in 13 of 19 counties in Decemberin Northwest MLS System
December brought few surprises in housing activity around Western Washington, with above-normal precipitation and floods contributing to the expected seasonal slowdown, according to officials from Northwest Multiple Listing Service.
As December came to its soggy close (marked by a month with 25 days of precipitation for Seattle), brokers had an optimistic outlook, citing pent-up demand, positive job growth, stable prices, brisk activity at open houses, and other indications of an improving market.
Brokers reported 3,950 pending sales (offers made and accepted but not yet closed) system-wide during December, lagging November's total of … (1 comments)
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king county: Snohomish County Market Stats - 01/05/08 03:25 PM
The National Association of REALTORS® has published the results of its quarterly sales survey and found that the median home price continues to rise in most metropolitan areas. The median is a typical market price - meaning half of all homes sold for more, and half of all homes sold for less.
Lawrence Yun, NAR chief economist, said the data underscores the fact that all real estate is local. "Some metro areas are hot, while others are experiencing localized problems," he said.
The November sales statistics for King and Snohomish Counties will give us a better idea of our local market:
While the number of homes … (4 comments)
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king county: Snohomish County Market Conditions - 11/29/07 11:49 AM
Temporary problems in the mortgage market are expected to free some pent-up demand, but disrupted existing-home sales and distorted prices on sales closed in September, according to the National Association of Realtors®. Even so, prices continued to rise in some area. Because of this and other factors, total existing home sales fell 8% and are 19% below the level that they were in September 2006.Lawrence Yun, NAR senior economist, said the decline is understandable. "Mortgage problems were peaking back in August when many of the September closings were being negotiated . . . the good news is that mortgage availability has … (0 comments)
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king county: Regional Real Estate Outlook - 09/27/06 05:32 PM
I was just interviewed by Bridget McCrea from The Residential Specialist (The CRS Magazine) for the January-February issue regarding our regional real estate outlook. Here were two of her questions.
How would I characterize our market? Our median sales price in Snohomish County has increased anywhere from 14% to 36%(closer to the King County line). Our closed sales for July are 43% under what they were a year ago. We have a shortage of affordable housing with our median sales price at $367,000 up from $319,000 a year ago. Our Governor has put together a task force to face our "housing crisis" in … (7 comments)
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Karen Villa Schweinfurth, ABR, CRS, SRES, CyberStar
Everett,
WA
More about me…
RE/MAX Northwest Realtors, Inc. 425-308-3669
Address: 159006 Mill Creek Blvd., Mill Creek, WA, 98012
Office Phone: (425) 308-3669
Cell Phone: (425) 308-3669
Email Me
Call Karen: 425-308-3669 for ALL your Real Estate Needs
Specializing in N. King and Snohomish Counties.
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