market trends: Wow 117% Over List Price!
- 04/06/16 09:24 AM
Wow 117% Over List Price! Impeccably maintained, this charming mid-century north seattle bungalow is situated back on a spacious lot in a prime neighborhood for walking/commuting. It sold for 117% over list price in only 7 days on the market. If you are a home seller in the Pinehurst area, this is really good news. However if you are a homebuyer looking for homes here or in nearby Northgate, Maple Leaf or Roosevelt areas, it could spell trouble. Year over year prices are up 17.6%. And homes here are selling fast, only 8 days on average. Market Snapshot - Pinehurst (98125) Some of the Single-family homes … (0 comments)
market trends: 242 Homes Sold This Week . . Did Yours?
- 04/01/16 09:11 AM
242 Homes Sold This Week in Washington . . Did Yours? There are some homeowners that have been waiting for months to get the price they hoped for when they originally listed their house for sale. In this crazy hot "Seller's Market" . . . if it hasn't sold yet, there is something going on that needs to be corrected and fast. Just look at how fast homes are selling in Maple Leaf, Ballard and Ravenna. After all 242 houses sold yesterday, 242 will sell today and 242 will sell tomorrow. 242! That is the average number of homes that sell each and every day in this … (1 comments)
market trends: What If I Wait Until Next Year To Buy A Home?
- 03/19/16 06:51 AM
As a real estate broker in the greater Seattle and Bellevue areas, a question I get asked often is where are home values heading. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home. Let us explain. There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow … (3 comments)
We recently took a look at the growth (or decline) in home values for MLS Area 710. That’s communities like Wedgewood, Pinehurst, Northgate and Roosevelt.
Here’s what we found: Home buyers who bought right at the bottom of the housing market, for the area, in this case February 2012, may have a ton of equity in their homes as the market has bounced back dramatically.
For example, if you bought a home in early 2012, your home value may have increased an average of 75 percent. Many people are using that equity to … (0 comments)
market trends: Annual Home Value Appreciation
- 03/18/16 05:58 AM
Spring is about to kick into high gear and with it, the prime season for buying and selling homes. It’s about time for a change. Over the winter, new housing rules went into effect, which notably affected existing home sales, and inventory remained low. The supply of homes for sale is still tight, but it’s on the rise—as are aspirations for homeownership. With winter virtually on its way out the door, can buyers and sellers expect the market to warm up with the weather? Well, there’s still a nip in the air: National home values are currently 6.4 percent below the pre-recession peak. … (20 comments)
Wow 117% Over List Price!
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