Tag: Seattle-Bellevue real estate

Market Update February 2018

It’s still hot out there!    February home-sales data show median home prices smashed records in Seattle and the Eastside. Hopeful buyers won’t have much luck elsewhere as median home prices grew at least 15% in every Puget Sound county. ​   Both Seattle and the Eastside again have smashed home-price records as the region’s housing …

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Good news for sellers

Surge in January home sales creates a ‘frenzy’ in Seattle area King County has become “a pressure cooker” for residential real estate and most homes are selling fewer than 30 days after they’re listed reports the Puget Sound Business Journal. According to a leading local broker, “Thanks to positive job growth and historically low interest rates, we …

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As the leaves fall, so have house prices fallen in the Seattle area

Single-family home prices in King County saw a remarkable run from January to July, when the median price hit $434,000, a 24% increase in just seven months. Sounds like a 2006 market, doesn’t it? Then a jump in mortgage rates took some steam out of the market. In August, the median sale price slipped almost 1%. …

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King County Home Prices up 10%

King County house prices saw a double-digit increase in June …the first time that’s happened in nearly five years. The median price of single-family homes sold last month was $380,000, up 10.1 percent from June 2011 and 5 percent from this May. It was the third straight month of year-over-year price increases, and by far the …

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Where, oh where, have the ‘For Sale’ signs gone?!

Puget Sound homes for sale… or not The chart shows the level of inventory, or homes for sale, in the Washington’s Puget Sound area. A ‘normal’ or balanced inventory is generally thought to be about 5-6 months. Meager inventory The chart shows that if homes sold at the same pace as the prior month there …

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The ‘bottom’ here?!

Recovery just around the corner… or here? Experts have been calling a bottom for the housing market ever since the bubble began to collapse in 2006… and they’ve been uniformly wrong. So, are we finally there? David Stiff, chief economist of Fiserv, the financial-services technology company that produces the widely followed Case-Shiller indexes, says ‘yes.’ House …

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Low inventory of homes for sale causes multiple offers in Seattle-Bellevue area

10 major housing markets with the shortest supply of homes The low inventory of homes for sale is causing multiple offer situations in Seattle and Bellevue – especially the ‘close-in’ neighborhoods. In the ten major housing markets in the country with the shortest supply of homes, demand is high and buyers are pouncing on listings as …

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King County median price stagnant past six months

The August median price (half sold above, and half sold below the median price) of a house that sold in King County last month was $350,000, down nearly 8 percent from August 2010. However, for the past six months, King County prices have remained flat, remaining in a narrow range, between $345,000 and $350,000, every month …

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NEWSFLASH: Where are the sellers?!

Yes, this question is for real. The inventory of homes for sale is dropping in many areas of the country, including the Puget Sound. Counter-intuitive thinking The question has been raised, ‘Why are there record numbers of homes on the market in some places, while properly priced homes are being gobbled up’ (some at even higher than …

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Where are the sellers?!

Inventory of homes for sale low King County’s current inventory of homes for sale is low with a particular shortage of “move-in ready homes.’ Some sellers have figured out that if they remove any buyer objections ahead of time, their home will sell quickly – thus the homes that are selling are ‘looking good’ and …

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