Can you believe August is here already?
 
The question everyone seems to be asking right now, 'Has the market stabilized?' is certainly fair, and this newsletter is PACKED with information to help you decide.  I have included Tables of Seattle inventory for Residential and Condos, along with Average and Median Sales prices.  There is a Table of Bank owned homes for sale and a link to a map of these homes.  I also have my  first ever links to the latest homes to hit the market on Capitol Hill along with a link to homes on Capitol Hill that have had price reductions in the last three days, so you are the first to know about these homes available for sale. 
 
But what I am really excited about this month is my first Consumer Real Estate Survey!  Its just 4 questions and it is powered by you, the consumer, not some techie Economist or Real Estate Broker.  I want to get your feel for what the market is doing.  Go ahead and take the survey now, here is the link.
 
One thing we saw in July was an increase in the National Case-Shiller Home Price Index for the first time in three years.  That bears repreating - The FIRST TIME IN THREE YEARS.  That tells us nationally that resale home prices ticked UP and the slide stopped, great news indeed.
 
Click this link for the newest listings with photos and all information and existing listings with price reductions in the Capitol Hill area.  In the last three days there have been 26 new listings, and 25 price reductions.
 
Lets Take a look  at Local Numbers for July in Seattle

 
There have now been 4 consecutive months of modest increase in average sales prices in the Seattle Area, and we didn't have a huge glut of homes hit the market this summer as anticipated / feared.  Both of those items are good news for our local market.  The homes that are priced well are selling quickly.  Even homes that had previously been priced out of the market and had significant price reductions saw buyers through the doors.  I had 26 client appointments in July!
 

Greater Capitol Hill is my bread and butter!  It is the area I am most passionate about in Seattle and it is great to see the Capitol Hill area performing better than the Seattle Area as a whole!
 

 
There is a suspicion out there that all of the Bank Owned or Foreclosed homes are in just one area, certainly not in 'my neighborhood'! right?  Well, HERE IS A MAP LINK THAT SHOWS YOU A PRETTY GOOD DISTRIBUTION OF ALL THE SINGLE FAMILY REO HOMES AVAILABLE IN SEATTLE.
 
Personal Note from Joseph
 
Orange is one of my favorite colors.  We don't want to see it on too many walls of houses as that would just be way too much of a good thing, orange represents heat.  I bring up a 'hot' color to draw a comparison to our local Best Buy Markets.  That of course is the REO and Short Sale Market, they are HOT HOT HOT, bright orange one might say.  Last month I became a Certified REO Property Specialist this means that I know the ins and outs of how to get my clients the best deal on a Bank Owned home, and to make sure the transaction is successful all the way to close.  My Team of Certified REO Specialists does educational TOURS once a month for investors and owner-occupied buyers alike in the local REO/Bank Owned market.  We would love to see you there!  SIGN UP HERE FOR A TOUR!
 
When you hire me, it isn't just a one-man-band.  I work with a team with decades of experience in the local Real Estate Market, everyone playing a critical part from lending, inspection, appraisal, staging, photography, marketing, transaction coordination, and post close follow-up.  Keller Williams didn't get to be NUMBER ONE IN BUYER SATISFACTION for nothing, call me at 206.218.8448 and find out how we can help you today!
 
 
Enough said about all that, thank you as always for your support, have a fantastic August 2009 and I'll be in touch in September or before! 
 
joseph
Best wishes,
 
joseph
Joseph R Hill
Professional Realtor; Metro Seattle Re-sale, New Construction, & North American Relocation
206.218.8448

My Core Values are to Always:
1 - Live by the Get by Giving Philosophy
2 - Make my Client's #1 Goal, my #1 Goal
3 - Live up to my Standards, Despite Temptations to Lower Them
4 - Be Willing to Work Toward a Common Good
5 - Do What I say I will do, Sometimes More Just Never Less!