real estate: Market Trends: New Construction Continues to Shrink
- 08/07/09 06:56 AM
NEW NWMLS NUMBERS CAME OUT TODAY This graph shows the reduction of all new construction inventory on the Eastside. As you can see the trend continues to level off. The analysis predict this shortage will put a new type of pressure on the housing market: A third or more of home buyers want new. With fewer new homes, slightly used homes or recently renovated homes will demand a higher asking price.
However, if you look at this chart (New Construction Eastside under $500K) you see the trend moving up slightly. This reflects the fact that builders are creating a … (0 comments)
Here is the difference in inventory between Kirkland and Juanita.
Kirkland is 24 months:
Juanita is 7.8 Months:
Kikrland For Sales, Solds, and Pends:
Kikrland For Sales, Solds, and Pends:
You can see the Juanita area is performing better than the General Kirkland area.
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real estate: Anxiety Jumps as Unemployment Hits 7.2%, 16-Year High
- 01/09/09 01:46 AM
As agents, anxiety is the new reality in our lives. With transactions half of what there where a year ago, our business has downsized but no one sent us an official notice. We've all seen agents make adjustments such as moving back to their home towns, taking on service jobs or just leaving the business. Some need to turn their listings over to associates, their co-workers and friends, who are still working as full time agents. A self induced layoff. I heard a veteran agent say "I will ride this recession out until things get back to the way they were." Are … (1 comments)
real estate: Seattle Prices climb- The facts and the truth
- 01/07/09 11:09 AM
Facts and truth really don't have much to do with each other. -William Faulkner The truth today is that people who could buy or sell are scared because of the uncertainty in the housing market. ‘Will I pay too much; will I sell for too little?' The voices in your head can rattle forever until you see the facts. The facts are that in Seattle, housing prices in some areas actually climbed. This points to prices stabilizing and new facts; we can see the bottom of the Seattle market. Most analysis see the bottom accruing second quarter of 2009. Then … (0 comments)
real estate: Not Seattle-House Prices Plunge Again, Now Down 25 Percent-
- 01/07/09 09:39 AM
What does this mean? The Case Shiller 10-city index looks at home prices by tracking home values not home sales to come up with their index. Some consider it a more accurate measurement of the housing market. The ten cities that make up the 25% loss are some of the most depressed in the country. That's why the bad headline.The Seattle market is down a modest 10.2 percent for the year. Overall, this puts prices back to March of 2004. I see this index bottoming out mid 2009 which would put prices down another 1-2% before prices level out and later … (0 comments)
real estate: Neoreaders- The future
- 11/20/08 09:57 AM
I've just seen the future and it is Neoreaders. Basically it is a bar code Real Estate Agents can use in many ways. I call it The Bill-Board When a smart phone is equipped with a Neoreader you take a picture of the reader (called a Q2 or Data Matrix code):
And you are directed to a web site. This will take you to my site. Getting a reader is simple and it will direct the smart phones to any web site you choose. http://www.neoreader.com/code.html As agents we place one of these readers by our listing. Buyers shoot the reader and zap, … (6 comments)
real estate: Real Estate "Humor is tragedy plus time"- Mark Twain
- 09/23/08 02:03 AM
The real estate news of the last few weeks has been puzzling. I study the trends everyday and see the Puget Sound market stabilizing and prices returning to 2005-2006 levels. If you sell and buy today you'll feel bad about the price you got for your old home but you be overjoyed by the price you paid for the new one. If you are a first time buyer there are many incentives to get you into your first home. Banks are lending again and all you need is a good job, a down payment (sometimes as small as 3%) … (4 comments)
real estate: Real Estate Photography: You never get a second chance to make a first impression.
- 09/22/08 03:08 PM
Photography: You never get a second chance to make a first impression. Because the internet is your first impression, Photography is the most important element of your marketing existence: The MLS, Craig's List, the Windermere site or anywhere you look for homes. We've all seen bad pictures of good houses. The old adage was location, location, location. Today it's photography, photography, photography. If your main photograph doesn't get a Viewuser's interest, you've lost them. Now an aggressive relocation agent may go beyond a bad photograph but when they pass it along to their buyers, it is rejected. You just lost a potential sale. … (0 comments)
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