Feb 19

January 2017 Local Market Update by Zip

Don’t see your zip code here? Just email me and I’ll send it out to you!

BELLEVUE 98004 Market Update

pdf: 98004 Feb 19, 201798004 Feb 19, 2017

 

BELLEVUE 98006   Market Update

pdf: 98006 Feb 19, 2017

98006 Feb 19, 2017

98007 BELLEVUE   Market Update

pdf: 98007 Feb 19,2017

98007 Feb 19,2017

98008 BELLEVUE  Market Update

pdf: 98008 Feb 19, 2017

98008 Feb 19, 2017

98052 REDMOND  Market Update

pdf: 98052 Feb 19,2017

98052 Feb 19,2017

98075  SAMMAMISH  Market Update

pdf: 98075 Feb 19, 2017

98075 Feb 19, 2017

 

98077  WOODINVILLE  Market Update

pdf: 98077 January2017

Feb 13

Seattle slowest home price gains in three years

Seattle home prices grow at slowest pace in three years

But with Seattle condo prices and Eastside home costs still surging, the region remains among the hottest housing markets in the country.
Home prices usually cool off in the winter, but this time the change is more pronounced. The median cost for a single-family house in the county was $525,000 in January, the cheapest it’s been in 11 months, the Northwest Multiple Listing Service data shows.

homesalesJan2017

The slowdown hit Seattle especially hard. Single-family home prices in the city ticked up only 2.7 percent compared to a year prior, way down from 24 percent annual growth last winter. It’s the slowest home price growth in Seattle in nearly three years.
Seattle’s median house price of $635,000 is down about $31,000 from the record heights reached last summer.

Low inventory persists

However, the pickings are slimmer than ever: Fewer than 1,600 houses in the county were on the market at the end of the month, breaking a record-low set just a month before. Few people are selling their homes, and those houses that do hit the market are snatched up faster than in any city in the country.
homeking Numb Sales Jan2017
As a result, the region has the 2nd-lowest level of homes per sale in the country, and brokers say sellers are still fully in control of the market. Sales were up 20 percent across the county.

Seattle prices rising fastest in country

Seattle-area home prices are still rising faster than in any other major region in the country, according to the Case-Shiller home price index.
And other segments of the market are still on fire. Condo prices in Seattle surged 23 percent from a year ago, and the median now stands at $440,000.

Continue reading at The Seattle Times

Feb 04

5 Reasons Homeowners Throw Better Super Bowl Parties!

5 Reasons Homeowners Throw Better Super Bowl Parties! 

5 Reasons Homeowners Throw Better Super Bowl Parties! [INFOGRAPHIC] | MyKCM

Highlights:

  • Watching the Big Game at home with your friends & family offers many advantages.
  • There’s more room to entertain a large crowd, and you don’t have to worry about complaints to your landlord if you cheer too loudly!
  • The kitchen is big enough to make as many appetizers as you want, and if some of your guests are only there to watch the commercials, they can do so on a different TV in another room!

_______________________________________________________________________________________

Honda Super Bowl Ad:  Schooling their younger selves!

Tina Fey yearbook photo

As part of its “Power of Dreams” campaign, Honda’s new Super Bowl LI ad brings celebrity yearbook shots to life. In the one-minute spot, stars including Tina Fey, Robert Redford, Amy Adams, Earvin “Magic” Johnson, Steve Carrell, Missy Elliott, Stan Lee, Jimmy Kimmel and Viola Davis sound off with some words of encouragement for their younger selves.

Best Super Bowl Parties in Bellevue

Jan 20

Median Home Sales Prices for 98007, 98008, 98006

BELLEVUE ZIP 98006 Median Sales Prices


BELLEVUE ZIP 98007 Median Sales Prices


 BELLEVUE ZIP 98008 Median Sales Prices

 

Dec 10

10 Reasons to Sell your House this Holiday

…your house probably looks wonderful all decorated for the holidays! Watch the video for nine more reasons.

Dec 07

Winter ‘To-Do’ List for Homeowners

Now that Winter is nearly here – December 21st is the first day of Winter – it is time to get ready for Winter Home Maintenance
snowman-family.jpg

Here are the items to put on your winter to-do list:

 
Interior Grout Lines and Caulk Joints
  • Check all grout lines at countertops and tub and shower surrounds to make sure they are sealed and are not cracked.  Re-grout where necessary.  It is very common for new construction builders to not apply grout sealer over grout lines, a recipe for cracked grout lines and water intrusion down the road.
  • Re-caulk any caulk joints that have opened up or just where the caulk is worn, growing mold, etc…
GFCI Outlets
  • Use the test and re-set button to test your GFCI outlets.  Better yet, for usually less than $10 you can buy a GFCI tester and make sure all GFCI’s in your home, including those that do not have test and re-set buttons, work properly. Any outlets that do not re-set should be replaced.  You are supposed to trip and re-set all GFCI’s monthly.
 Interior Sinks
  •  Run the sinks with the sink stoppers seated so the sink fills.  Let it go until it is flowing water through the overflow drain.  Open the sink cabinet and turn on a flashlight to check for leaks.  Then let the stopper come up and watch for leaks and for proper whirlpool action as the water drains.  If leaks are found, repair them.  If the sink will not drain properly, use liquid drain cleaner to open them.
  • Check bathtub for whirlpool drain action.  If the tub will not drain properly, use liquid drain cleaner to open the drain.  Periodically remove the drain strainer and remove the hair that builds up below it in the mouth of the drain line.
  • Run all shower heads and look for leaks at the shower head threads.  If there are any, unscrew the shower head and put plumber’s tape on it and put the shower head on again securely. 
Furnace 
  • Check your furnace filters.  Your furnace will run a lot more this time of year.  The more it runs, the more air that gets filtered, resulting in filters that need cleaned or replaced more often.
    • If you have permanent filters, made of metal, flush them out at an outside hose bib or in the shower.  Then let them dry thoroughly before reinstalling them.
    • If you have disposable filters, just write down the three numbers on the filter frame, then take those numbers to the hardware store.  The number stand for the length, width, and depth of the filter.  For example: 24 x 12 x ½”. 
Outside Hose Bibs
  • If you didn’t drain your outside hose bibs, make sure to buy covers for them.  Hose bibs that have water present can freeze during very cold nights if they aren’t covered, resulting in burst pipes and VERY expensive repairs.

Information compliments of:

Displaying

Licensed Home Inspectors: Bill Easter #400, Chip Lusk #401, and Dan Urquhart #1434
Move Smart Home Inspections | 253-631-4019 | www.movesmart.net

Dec 06

Median home prices finally pass housing boom levels, hit all-time high

house case

National home prices hit a new all-time high surpassing the pre-recession peak

Home prices hit a new all-time high, finally surpassing the pre-recession peak, according to the Q3 2016 U.S. Home Sales Report from ATTOM Data Solutions, a source for comprehensive housing data and the new parent company of RealtyTrac.

In fact, the median home price increased 6% monthly to $230,000 in the third quarter, and is up 10% from last year. This is 1% above the pre-recession peak of $227,000 in 2005 and an all-time high in home prices.

Some appreciation slowing

The average seller home price gain since purchase start to wane in some of the highest-priced markets where appreciation is beginning to cool, indicating those markets are past their prime as sellers’ markets.

Distressed home sales drop to 9-year low

Although home prices are up, borrowers are not having problems making their mortgage payments, with distressed sales down in the third quarter. Distressed sales now sit at the lowest level in nine years, according to the report.

Distressed sales dropped to 12.9% for all single family home and condo sales in the third quarter, down from 15% last quarter and 15.9% last year, the report stated. This marks the lowest share since the third quarter of 2007.

Distressed inventory for sale is virtually non-existent in many of the nation’s hottest housing markets, and when a distressed property is listed for sale in those markets it often sells quickly and at little or no discount.

Good news for home sellers, who nationwide realized the biggest home price gains in 9-years

The scarcity of discounted distressed inventory is chasing away cash buyers and other bargain hunters, but it’s certainly good news for home sellers, who nationwide realized the biggest home price gains since purchase in nine years.

Cash sales decreased

Cash sales also decreased in the third quarter, falling to 27.4% of market sales. This is down from 29.2% last year and the lowest level of cash sales since the third quarter of 2007’s 24.3%.

Dec 03

10 Reasons to Sell Your House This Holiday

Image result for picture house christmas

 

Click through for the video showing 10 Reasons to Sell Your Home Now… Winter is a good time!

Nov 19

The 4 Things Buyers Really Want in Kitchen Cabinetry

The 4 Things Buyers Really Want in Kitchen Cabinetry

kitchen

A great kitchen design can dramatically increase your property value – if you want to attract prospective buyers, your kitchen is the perfect place to invest money. The trick is to get it to appeal to the majority of people by spending your money on what most of them really want.

Kitchen cabinetry can do much to attract the right buyers. There are four key factors to consider: quality, symmetry, color and layout. If you can get these key elements right with your cabinetry, you’re bound to have a higher home value.

1.  Quality

The number of cabinets you have is not as important as the quality of the cabinetry. The fewer cabinets you add to your kitchen renovation, the less expensive it will be. Choose quality over quantity.

DO: Choose quality hinges and runners, including soft-close drawers, and custom-made cabinetry.

 2.  Symmetry

The eye is naturally drawn to appreciate symmetry and repetition. When you’re renovating to sell, keep your kitchen cabinetry simple and appealing. Elegance has a way of being understated, and simplicity is key when you are trying to appeal to the majority of buyers.

DO: Keep the wall cabinetry sizes the same where possible. Drawers look nice when they are large and expansive – if you have multiple sets, keep them the same size, with the same proportion of drawers.

 3.  Light Bright Spaces

Many buyers here in Australia want an open, light and airy space. A kitchen that is white makes the space feel bigger. White is also a universally appealing color and leaves a blank slate so buyers can re-envision the space, and also the most popular color with buyers.

DO: Keep the space open, bright and light with white cabinetry. If you want some contrast, go for a darker bench top. Back-splashes should be kept fairly neutral too – try to introduce texture instead of color into the back-splash. The more neutral and elegant the space is, the more potential buyers you will attract.

 4.  An Open Layout

Designing your kitchen to have a sensible and open layout is pivotal to increasing property value when you’re renovating to sell. In Australia, the trend is moving toward open-plan living and multifunctional spaces.

DO: Have a large open-plan space with a kitchen island if possible. Buyers often want to multitask in the kitchen. They want to cook, have their kids do their homework and socialize in it.

From AAOA

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