Seattle Real Estate Trends: August 2016

I am still in awe of that amazing Seahawks win on Sunday. Let’s keep it up! Go Hawks!

Let’s take a look at what happened in Seattle’s August real estate market in key neighborhoods: Continue reading

Seattle Real Estate Trends: July 2016

We have had a slight increase in inventory in many neighborhoods which is much-needed.  Let’s take a look at what happened in Seattle’s July real estate market in key neighborhoods.

Inventory and Pendings

Below we compare the number of active listings (supply) and pendings (demand) for several of the key Seattle neighborhoods including Central Seattle, Queen Anne and Magnolia, Belltown and Downtown, Ballard and Greenlake, and North Seattle. Our table includes single family residences as well as condos comparing July 2015 and 2016.

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Overall, Seattle’s inventory of active listings increased 916 in June to 1,081 last month.  Pendings were down slightly (from 1,237 in June to 1,107 last month).

Median Sales Prices

Seattle’s median sales price for both residential and condos grew from $506,000 last July to $583,250 last month (represents a 15.3% gain). Looking at residential and condos separately, residential prices are up 14.0% ($560,000 to $638,585) and condo prices are up 12.1% ($410,000 to $459,475).

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List Price to Sales Price

When the list price to sales price is over 100%, this is usually an indicator of multiple offers. For all of Seattle, last July’s list price to sales price ratio was 103.4% as opposed to 104.4% this last month.

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I can’t believe we are only a few weeks away from the Seahawks pre-season! I am very excited! If you would like additional information on our market, please contact me – your Seattle Home Guy – at sold@windermere.com or give me a call: (206) 226-5300.

Seattle Housing Market Update – July Another Great Month For Sellers! However Is Inventory Finally Starting To Pick Up??

July was another great month for SELLERS in Seattle. However, the craziness slowed down a little bit in July.

The median price of a Seattle home is now $634,000.

The median price of a Seattle home is up 13% vs July of 2015 when the median price was $560,000.

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Seattle Real Estate Trends: June 2016

Summer is beautiful in the Pacific Northwest and although we have had a rainy start to summer 2016, I have high hopes that the sun will come out and smile on Seattle in the coming weeks. Is this a weather prediction or just my joy at seeing that Felix is coming off the disabled list? We shall see! Let’s take a look at what happened in Seattle’s real estate market in key neighborhoods this past June: Continue reading

Seattle Real Estate Trends: May 2016

The cranes are busy, buyers are out shopping, and if we could get Felix Hernandez off the DL, we would really be cookin’! Let’s see what happened in Seattle’s real estate market in key neighborhoods this May.

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Seattle Housing Market Update! May Record Breaking Month

SEATTLE HOUSING MARKET UPDATE

May 2016 was another RECORD breaking month for Seattle real estate

The median price of a Seattle home is now $625,000. 

The median price of a Seattle home is up 14% vs May 2015.

The $625,000 median price ties the all time record high.

There were 992 pending sales in May, which is up 11% from twelve months ago when 889 pending sales were reported.

The 992 units is a new record for pending sales in a month. The previous record was 984 units which happened in March 2005.

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The Next Big Thing

My clients ask me all the time, “Steve, what is the next big thing in remodeling so I can be prepared when I sell my home 10 years from now?”

Trying to determine the next big thing is hard because our technology is moving so quickly.  Who knew that the hot intercom systems of the 60s-80s would fall victim to cell phones? Or that office spaces that were so prevalent in the 90s would fall out of fashion due to laptops and the mobile office?

Below are some interesting technological advances to keep in mind that could affect how we live in our homes in the years to come:

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Seattle Real Estate Trends: April 2016

Let’s see what happened in Seattle’s real estate market in key neighborhoods this April!

Inventory and Pendings

Below we compare the number of active listings (supply) and pendings (demand) for several of the key Seattle neighborhoods including Central Seattle, Queen Anne and Magnolia, Belltown and Downtown, Ballard and Greenlake, and North Seattle. Our table includes single family residences as well as condos comparing April 2015 and 2016.

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Seattle Housing Market Update – Frenzy Pace Slowing Down??

SEATTLE HOUSING MARKET UPDATE

April 2016 was another GREAT MONTH FOR SEATTLE REAL ESTATE!!!

The median price of a Seattle home is now $625,000. 

The median price of a Seattle home is up 14% vs April 2015.

There were 807 pending sales in April, which is down 10% from twelve months ago when 892 pending sales were reported. Continue reading

Seattle Real Estate Trends: March 2016

I am glad to see the number of homes on the market picking up as there are a lot of buyers out there who need to buy homes! I have ten listings and six of them pended in about seven days. The others haven’t been on the market yet a week but I expect them to go fast.

Let’s see what happened in Seattle’s March real estate market in key neighborhoods: Continue reading