Local Market Analysis

Local Market Analysis

Eastside Quarterly Market Trends – Q3 2020

The real estate market continued to positively perform in the third quarter, and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in […]
Local Market Analysis

North King County Quarterly Market Trends – Q3 2020

The real estate market continued to positively perform in the third quarter, and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in […]
Local Market Analysis

South Snohomish County Quarterly Market Trends – Q3 2020

The real estate market continued to positively perform in the third quarter and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in […]
Local Market Analysis

WEALTH BUILDING OPPORTUNITIES FOR FIRST-TIME HOME BUYERS ABOUND

With the sharpest increase of available homes for sale in years, more opportunities are now available for buyers, including first-timers. Many first-time home buyers have sat on the sidelines and remained renters due to the constriction of inventory, which put major pressure on price affordability. Not only has affordability been an issue, but the terms required to prevail in […]

Local Market Analysis Eastside Quarterly Market Trends – Q3 2020 The real estate market continued to positively perform in the third quarter, and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in […]

Local Market Analysis North King County Quarterly Market Trends – Q3 2020 The real estate market continued to positively perform in the third quarter, and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in […]

Local Market Analysis South Snohomish County Quarterly Market Trends – Q3 2020 The real estate market continued to positively perform in the third quarter and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in […]

Local Market Analysis WEALTH BUILDING OPPORTUNITIES FOR FIRST-TIME HOME BUYERS ABOUND With the sharpest increase of available homes for sale in years, more opportunities are now available for buyers, including first-timers. Many first-time home buyers have sat on the sidelines and remained renters due to the constriction of inventory, which put major pressure on price affordability. Not only has affordability been an issue, but the terms required to prevail in […]

Local Market Analysis Keeping Price Growth in Perspective, Opportunities Abound for Both Buyers and Sellers Keeping Price Growth in Perspective, Opportunities Abound for Both Buyers and Sellers “How’s the Market?” is a question I am asked all the time. It is a common segue in casual conversation over the neighbor’s fence, at a cocktail party or family gathering. Now more than ever, the answer to this question is critical, yet fascinating. You see, our […]

Community Info What’s in Your Toolbox to Navigate the Changing Market? The late spring market brought about some welcomed change to our local real estate markets. In May, we experienced the largest increase in inventory in a decade! North King County and South Snohomish County are two examples of what is happening in all the markets across the Puget Sound as we head into the second […]

Community Info Does it make more sense to rent or own? The current break-even horizon* in the Seattle metro area is 1.6 years! *The amount of time you need to own your home in order for owning to be a superior financial decision. With rising rental rates, historically low interest rates, and home prices on the rise, the advantage of buying vs. renting is becoming clearer each month. […]

Local Market Analysis Seattle Metro Quarterly Market Trends It is the time of year when our market starts to take off. Spring is here and we are starting to see seasonal increases in inventory. In fact, there was a 69% increase in new listings in March compared to February. That increase was followed by a 48% rise in pending sales, illustrating very strong demand for […]

Local Market Analysis A Love Letter To Buyers I hope your Valentine’s Day was a sweet one, but it got me thinking. I am often sharing with you the advantages of this market for home sellers, which is unbelievably positive. With that said, I thought I’d take some time to give the potential buyers in our marketplace some love, hope, and of course, data! Dear […]

Local Market Analysis Commute Times, Price Premiums: The Value of Location It is the time of year when I like to re-cap the price premiums in our area based on commute times. The price divide continued in 2017 between key market areas in the Greater Seattle area based on proximity to major job centers. These pricing premiums have cemented the drive-to-qualify market. Seattle proper has always been more expensive than […]

General Market Info 2018 Market Predictions At Windermere, we have the privilege of working with esteemed economist, Matthew Gardner. Throughout the year, I have shared his quarterly Gardner Reports which delineate out all the different housing markets in Western Washington and reports on price appreciation and sales data. Below is a recent article he wrote about predictions for the […]

Local Market Analysis What Does Median Price Buy you In Each Area? What Does Median Price Buy you in Each Area? Most recently, the Seattle Times published an article about Seattle being the hottest real estate market in the country. This phenomenon has been taking place for over a year and experts don’t see this slowing down. According to the Case-Schiller Index, over the last 5 years since the market started […]

Local Market Analysis 3rd Quarter Gardner Report As a member of Windermere Real Estate, the leading real estate company in the Western U.S., I have access to a vast array of resources and services that are designed to help you make well-informed decisions regarding your real estate needs. This includes access to the most relevant housing and economic data from Windermere’s Chief […]

Local Market Analysis 3 Reasons why we are NOT Headed Towards Another Real Estate Bubble I get asked this question often, and I can understand why. With the 2008 Great Recession not too far back in our rear-view mirror it is understandable that folks don’t want history to repeat itself, as that was a very painful time for many. Also, price appreciation has been rapid across the country, but […]

Local Market Analysis You Don’t Need Tulips for a Strong Home Sale These graphs above provide a 10-year history of the odds of selling in the month of October for both King and Snohomish Counties. As you can see, the odds of selling are at a 10-year high, hitting 86% in King and 85% in Snohomish. These are quite favorable odds for sellers and indicate what one […]

Local Market Analysis Affordability: Commute Times & Interest Rates The graphs here illustrate the brass tacks of affordability between King and Snohomish Counties, measured by the average monthly payment. Most recently in September, the average monthly payment was 35% higher in King County compared to Snohomish County. What is fascinating, though, is comparing today’s average monthly payment to peak monthly payments back in 2007! In King County, monthly […]

Local Market Analysis Interest Rates and Your Bottom Line Wow, just wow! The interest rate levels that we have experienced in 2016 are seriously unbelievable. Currently we are hanging around 3.5% for a 30-year fixed conventional mortgage, almost a half a point down from a year ago. This is meaningful because the rule of thumb is that for every one-point increase in interest rate […]