Quarterly Reports Q3: South King County

South King County Market Trends 

In September, the average days on market landed at 26 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month price growth to a more sustainable level.

Back in April, the average days on market was 21 days and the original list-to-sale price ratio 103%; but months of inventory based on pending sales was 0.9 months, compared to 2.6 months currently. Year-over-year, prices are up 10%, still well above the historical norm of 3%-5% year-over-year gains—but note that the majority of this growth happened during the spring, due to constricted inventory levels. 

Supply has increased, creating more options for buyers and helping to buffer affordability issues. Many sellers are deciding to make moves and cash in on the equity gained over the last six years. An average original list-to-sale price ratio of 98% is a positive return, yet illustrates a softening in the market after some very extreme times. With 10% price growth over the last 12-months in a seller’s favor, the increase in selection has led to more nimble moves from one house to another. Where sellers need to be careful is anticipating the month-over-month price growth we saw prior to the shift in inventory. Prospective buyers would be smart to take advantage of today’s historically low interest rates and the added inventory selection. 

This is only a snapshot of the trends in south King County; please contact me if you would like further explanation of how the latest trends relate to you. 


Posted on October 19, 2018 at 7:17 am
Brian Hayter | Posted in Community Info |

Quarterly Reports Q3: North Snohomish County

Q3: July 1 – September 30, 2018

In September, the average days on market landed at 29 days and the original list-to-sale price ratio at 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month price growth to a more sustainable level.

Back in May, the average days on market was 22 days and the original list-to-sale price ratio 101%; but months of inventory based on pending sales was 1 month compared to 2.3 months currently. Year-over-year, prices are up 11%, still well above the historical norm of 3%-5% year-over-year gains—but note that the majority of this growth happened during the spring, due to constricted inventory levels. 

Supply has increased, creating more options for buyers and helping to buffer affordability issues. Many sellers are deciding to make moves and cash in on the equity gained over the last six years. An average original list-to-sale price ratio of 98% is a positive return, yet illustrates a softening in the market after some very extreme times. With 11% price growth over the last 12-months in a seller’s favor, the increase in selection has led to more nimble moves from one house to another. Where sellers need to be careful is anticipating the month-over-month price growth we saw prior to the shift in inventory. Prospective buyers would be smart to take advantage of today’s historically low interest rates and the added inventory selection. 

This is only a snapshot of the trends in north Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you


Posted on October 19, 2018 at 7:09 am
Brian Hayter | Posted in Community Info |

Seattle Metro Quarterly Market Trends 

Q3: July 1 – September 30, 2018

In September, the average days on market landed at 23 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month price growth to a more sustainable level. 

Back in April, the average days on market was 11 days and the original list-to-sale price ratio 105%; but months of inventory based on pending sales was 0.8 months, compared to 2.4 months currently. Year-over-year, prices are up 11%, still well above the historical norm of 3%-5% year-over-year gains—but note that the majority of this growth happened during the spring, due to constricted inventory levels. 

Supply has increased, creating more options for buyers and helping to buffer affordability issues. Many sellers are deciding to make moves and cash in on the equity gained over the last six years. An average original list-to-sale price ratio of 98% is a positive return, yet illustrates a softening in the market after some very extreme times. With 10% price growth over the last 12-months in a seller’s favor, the increase in selection has led to more nimble moves from one house to another. Where sellers need to be careful is anticipating the month-over-month price growth we saw prior to the shift in inventory. Prospective buyers would be smart to take advantage of today’s historically low interest rates and the added inventory selection. 

This is only a snapshot of the trends in the Seattle Metro area; please contact me if you would like further explanation of how the latest trends relate to you. 


Posted on October 19, 2018 at 7:00 am
Brian Hayter | Posted in Community Info |

Eastside Quarterly Market Trends 

Q3: July 1 – September 30, 2018

In September, the average days on market landed at 32 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month price growth to a more sustainable level.

 

Back in April, the average days on market was 13 days and the original list-to-sale price ratio 103%; but months of inventory based on pending sales was 0.8 months, compared to 2.9 months currently. Year-over-year, prices are up 10%, still well above the historical norm of 3%-5% year-over-year gains—but note that the majority of this growth happened during the spring, due to constricted inventory levels. 

Supply has increased, creating more options for buyers and helping to buffer affordability issues. Many sellers are deciding to make moves and cash in on the equity gained over the last six years. An average original list-to-sale price ratio of 98% is a positive return, yet illustrates a softening in the market after some very extreme times. With 10% price growth over the last 12-months in a seller’s favor, the increase in selection has led to more nimble moves from one house to another. Where sellers need to be careful is anticipating the month-over-month price growth we saw prior to the shift in inventory. Prospective buyers would be smart to take advantage of today’s historically low interest rates and the added inventory selection. 

This is only a snapshot of the trends on the Eastside; please contact me if you would like further explanation of how the latest trends relate to you. 


Posted on October 19, 2018 at 6:44 am
Brian Hayter | Posted in Community Info |

Quarterly Reports: Q3 North King

Q3: July 1 – September 30, 2018

 

NORTH KING COUNTY: In September, the average days on market landed at 23 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month price growth to a more sustainable level.

Back in April, the average days on market was 12 days and the original list-to-sale price ratio 106%; but months of inventory based on pending sales was 0.8 months, compared to 2.2 months currently. Year-over-year, prices are up 10%, still well above the historical norm of 3%-5% year-over-year gains—but note that the majority of this growth happened during the spring, due to constricted inventory levels.

Supply has increased, creating more options for buyers and helping to buffer affordability issues. Many sellers are deciding to make moves and cash in on the equity gained over the last six years. An average original list-to-sale price ratio of 98% is a positive return, yet illustrates a softening in the market after some very extreme times. With 10% price growth over the last 12-months in a seller’s favor, the increase in selection has led to more nimble moves from one house to another. Where sellers need to be careful is anticipating the month-over-month price growth we saw prior to the shift in inventory. Prospective buyers would be smart to take advantage of today’s historically low interest rates and the added inventory selection.

This is only a snapshot of the trends in north King County; please contact us if you would like further explanation of how the latest trends relate to you.

 

 

 

 


Posted on October 18, 2018 at 11:50 pm
Brian Hayter | Posted in Community Info |

Quarterly Reports: Q3 South Snohomish

Q3: July 1 – September 30, 2018

SOUTH SNOHOMISH COUNTY: In September, the average days on market landed at 27 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month price growth to a more sustainable level.

 

Back in April, the average days on market was 14 days and the original list-to-sale price ratio 104%; but months of inventory based on pending sales was 0.8 months, compared to 2.5 months currently. Year-over-year, prices are up 11%, still well above the historical norm of 3%-5% year-over-year gains—but note that the majority of this growth happened during the spring, due to constricted inventory levels.

Supply has increased, creating more options for buyers and helping to buffer affordability issues. Many sellers are deciding to make moves and cash in on the equity gained over the last six years. An average original list-to-sale price ratio of 98% is a positive return, yet illustrates a softening in the market after some very extreme times. With 11% price growth over the last 12-months in a seller’s favor, the increase in selection has led to more nimble moves from one house to another. Where sellers need to be careful is anticipating the month-over-month price growth we saw prior to the shift in inventory. Prospective buyers would be smart to take advantage of today’s historically low interest rates and the added inventory selection.

This is only a snapshot of the trends in south Snohomish County; please contact us if you would like further explanation of how the latest trends relate to you.


Posted on October 16, 2018 at 7:56 pm
Brian Hayter | Posted in Community Info |

Seattle Home Show

🏡 Warm-weather spaces begin with cold-weather plans. Come to the Seattle Home Show October 19-21 at the CenturyLink Field Event Center to discover the resources you need to make your dream outdoor space a reality by spring. 🌷The Seattle Home Show is the PNW’s largest consumer home show with everything for the home inside and out! Everything from floor to ceiling and beyond! Visit http://seattlehomeshow.com/ for information on vendors, tickets, and more!


Posted on October 11, 2018 at 9:41 pm
Brian Hayter | Posted in Community Info |

Windermere Helping To #TackleHomelessness

Although we didn’t come out with a win on the board from last night’s Seahawks game, we did come out with a win in helping overcome homelessness here in Seattle! The Windermere Foundation raised $4,600 to #TackleHomelessness in their game yesterday against the LA Rams. 🏈 That brings our season total to $9,200 and our cumulative money raised to $76,000
 
As the Official Real Estate Company of the Seattle Seahawks our #tacklehomelessness campaign is front-and-center, with the Windermere Foundation donating $100 for every Seahawks home-game tackle during the 2018 season to YouthCare, a Seattle-based non-profit organization that has been providing services and support to homeless youth for more than 40 years. Over the last two years, the Seahawks helped us raise over $66,000 through our #tacklehomelessness campaign, and this year we are looking forward to raising even more money – and awareness – for this important cause.
 
Our partnership with the Seahawks and YouthCare fits perfectly with the mission of the Windermere Foundation which is to support low-income and homeless families in the communities where we have offices. Through the #tacklehomelessness campaign, we hope to be able to do even more.

Posted on October 8, 2018 at 9:54 pm
Brian Hayter | Posted in Community Info |

Long Term Interest Rates Still Remain Low

Concerned with the recent rise in interest rates? Believe it or not the long-term loan interest rate remains historically low and now is the best time to make a home purchase!
 
Although rates have made a jump since the first of the year and over the last 13 months they have grown over 0.5% with experts predicting to be near 4.95% over the next quarter or two.
 
Keep in mind this recent jump is still well below the 30-year average of 6.65%. Now is one of the most advantageous times to make a purchase because the debt service is so low. We may never see rates like this again! This has helped off-set the price appreciation we have seen in our area. Move-up, second home, investment, and down-size purchases are all supported by today’s interest rate.
 
If you’d like to discuss this more, feel free to reach out anytime for more information!

Posted on October 8, 2018 at 5:40 pm
Brian Hayter | Posted in Community Info |

Bothell Beer Festival

Celebrate great beers & ciders, delicious food, and music at the 5th annual Bothell Beer Festival this Saturday, Oct 6th from 12pm-6pm! Bring your friends and come experience this cool rain-free industrial environment! http://bothellchamberwa.chambermaster.com/events/details/bothell-underground-beer-festival-2018-13716


Posted on October 4, 2018 at 8:31 pm
Brian Hayter | Posted in Community Info |