tag:blogger.com,1999:blog-74505390482025696582024-03-19T06:05:16.984-07:00Seattle ResidentialCasey Loshhttp://www.blogger.com/profile/18436186016018148746noreply@blogger.comBlogger222125tag:blogger.com,1999:blog-7450539048202569658.post-38348091406726649942015-02-11T10:04:00.000-08:002015-02-11T10:04:14.326-08:002015 Housing Market Off To A Good Start
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<a href="http://seattleandrealestate.com/2015-housing-market-off-to-a-good-start/#respond" title="Comment on 2015 Housing Market Off To A Good Start"><span class="leave-reply"></span></a> </div>
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<a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/01/Wash-Park-Homed.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Wash Park Homed" class="size-medium wp-image-1149 alignright" height="206" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/01/Wash-Park-Homed-300x225.jpg" width="271" /></a>*Synced from Seattle and Real Estate <br />
Historically,
mid-winter has been a sluggish time for home-price growth for the
national housing market, and while the median price for a single-family
home did decline from December to January this year, it fell by a mere
1.2 percent, signaling a stronger than normal start to the new year for
the housing market. As a comparison, in recent years month-to-month
price declines from December to January have been recorded at 2.8
percent (2014) and 3.5 percent (2013). Redfin reports that the
combination of an increase in listings and buyer demand has led to lots
of activity, and prices are up 7.6 percent over the year.<br />
Closer to home, supply is still low in the Seattle area, and prices
continue to rise. The median price for a single-family home in King
County this January was recorded at $441,500, up from $410,000 in
January 2014. The city of Seattle saw the median price rise to $517,500,
up 12.5 percent over the year. The Seattle Times reports that inventory
in Northwest Seattle is down to a three-week supply, driving prices in
that area up 19 percent over the year. In the Seattle market as a whole,
inventory has been hovering around the two-month mark for several
months. Generally, a four-to-six-month supply constitutes a healthy
housing market.<br />
If you are interested in buying or selling a home in the Seattle area, contact your <a href="http://ewingandclark.com/" target="_blank">local real estate agent</a> today.<br />
</div>
Anonymousnoreply@blogger.com4tag:blogger.com,1999:blog-7450539048202569658.post-70878326790213975592015-01-28T08:56:00.001-08:002015-01-28T08:56:09.245-08:00Seattle Home Prices Up 6% Over The Past Year<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-DAnpRRaICAw/VMkUNgmkGcI/AAAAAAAAAzY/IUbVKa9Kip4/s1600/812%2BW%2BGaler.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://1.bp.blogspot.com/-DAnpRRaICAw/VMkUNgmkGcI/AAAAAAAAAzY/IUbVKa9Kip4/s1600/812%2BW%2BGaler.jpg" height="212" width="320" /></a></div>
* Synced from Seattle and Real Estate Blog<br />The local housing market continues to grow on a yearly basis, with
prices for single-family homes in November 2014 having risen by 6
percent over November 2013, but the market also saw slowing monthly
growth for the third month in a row, according to the
S&P/Case-Shiller home price index released Tuesday. Despite the
slowdown, Zillow’s Chief Economist Stan Humphries told The Seattle Times
that the Seattle area’s housing prospects for 2015 are still strong,
and the slowdown represents merely the market settling back in to normal
levels. The Seattle market continues to outperform both the 20-city
index and the national market, which saw annual growth rates of 4.3
percent and 4.7 percent respectively. Rates for 30-year fixed mortgages
have held steady over the past week at 3.58 percent.Anonymousnoreply@blogger.com6tag:blogger.com,1999:blog-7450539048202569658.post-3721007980472419022015-01-21T08:56:00.000-08:002015-01-21T08:56:27.947-08:00Lake Union Floating Home: $1,795,000<a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2015/01/houseboat.jpg"><img alt="houseboat" class="size-medium wp-image-1758 alignnone" height="199" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2015/01/houseboat-300x199.jpg" width="300" /></a><br />
This <a href="http://www.ewingandclark.com/properties/details/1933082-10_e_roanoke_st_12_seattle_wa_98102" target="_blank">houseboat on Lake Union</a>
in the Eastlake marina has off street parking and is now listed for
$1,795,000! With a scenic setting, this home offers fine design,
amenities, convenience & a once in a lifetime unique lifestyle
opportunity. Solarium with garden space, dining room, living room and
sauna. Features include a King size master bedroom with a five piece
master bath that is finished with Carrera marble. Rooftop deck &
largest floating deck in the complex, with city and Gas Works views,
moorage, storage, air conditioning, 1 garage stall, and one uncovered
parking stall. For more information on this or other Seattle real estate
listings, <a href="http://www.ewingandclark.com/agent/jane_powers" target="_blank">contact your local real estate agent today</a>.<br />
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<td height="25" width="93">Status:</td>
<td width="122">For Sale</td>
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<td height="25">Bed//Bath:</td>
<td>3/1.75</td>
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<td height="25">Price:</td>
<td>$1,795,000</td></tr>
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Anonymousnoreply@blogger.com4tag:blogger.com,1999:blog-7450539048202569658.post-88755974693907734252015-01-15T10:59:00.002-08:002015-01-15T10:59:43.902-08:00Tips For Buying a Home in 2015<div>
*Synced from Seattle and Real Estate<br />
<a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/12/1910-NW-100th-St-6.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="1910 NW 100th St-6" class="alignright" height="200" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/12/1910-NW-100th-St-6-300x200.jpg" width="300" /></a>Many homeowners will tell you that they entered and exited the real
estate market several times before making the final offer and closing on
their home. As a buyer, you’re not always tied down to a time frame,
priorities might shift and unexpected things happen that could delay
purchasing a home. The beginning of a new year is a great time to review
your goals and resolutions for the year ahead, so if you’ve been
thinking about buying a home, and want 2015 to be the year you take the
plunge, here are a few tips to help you stay afloat in today’s
marketplace.<br />
Prospective buyers are usually shopping online, and reviewing several
of their dream listings at home, researching the mortgage process, and
trying to grasp the local market. Serious buyers partner up with a real
estate agent well versed in the neighborhoods, and can walk them through
the home buying process. Agents have completed many transactions, and
will have the knowledge and experience to put you one step ahead. It
also helps to stop thinking that you’re going to get a great deal on
your dream home. The great Seattle marketplace is competitive, with low
inventory and a growing number of serious buyers, so if you’re truly
interested in buying you might want to stop hunting for a bargain.
Making a low ball offer on a home when you’re first entering the buying
process might seem ideal to test the waters, but it might also sabotage
your offer, and lose you a home. Your agent can help you determine a
fair offer, and ultimately help you find listings that match your
criteria. Every buyer has a unique set of goals and needs, so <a href="http://www.ewingandclark.com/" target="_blank">contact your local real estate agent today</a> to get started on the home buying process.<br />
</div>
Anonymousnoreply@blogger.com42tag:blogger.com,1999:blog-7450539048202569658.post-48570451746581960752015-01-07T13:12:00.002-08:002015-01-07T13:12:59.780-08:00Seattle Condo Rental: $1,900/mo<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-E19F6KGkgEs/VK2hO83qzAI/AAAAAAAAAxs/Shy3oDgNREk/s1600/ridge%2Bcondo.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://4.bp.blogspot.com/-E19F6KGkgEs/VK2hO83qzAI/AAAAAAAAAxs/Shy3oDgNREk/s1600/ridge%2Bcondo.jpg" height="240" width="320" /></a></div>
<br />
This <a href="http://www.ewingandclark.com/properties/details/1928275-1415_2nd_ave_1705_seattle_wa_98101" target="_blank">17th floor luxury condo</a> over looking beautiful downtown Seattle, is now available for rent! Features include floor to
ceiling windows & 20 sf balcony to take advantage of sweeping 180
degree mountains & city views. Large 1 bedroom, and additional amenities include large
closet, high sound proof windows, energy efficient W/D in unit, secured
parking & storage. Building amenities include full size indoor
swim pool, hot tub, sauna, gym, and entertainment room. Rent includes W/S/G &
24-hr concierge service. This unit is in an ideal location, steps from Pike Place Market
& all downtown Seattle has to offer. For more information on the or other Seattle rentals, <a href="http://www.ewingandclark.com/" target="_blank">contact your local real estate agent today</a>!
Anonymousnoreply@blogger.com8tag:blogger.com,1999:blog-7450539048202569658.post-56968426104567385332015-01-07T13:06:00.001-08:002015-01-07T13:06:08.892-08:00Seattle Real Estate Forecast 2015
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*Synced from Seattle and Real Estate Blog<br /><div class="entry">
<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-MdL_jjqVE8Y/VK2frSiQCKI/AAAAAAAAAxg/AV2l8mBFJso/s1600/blue%2Bridge%2Bres.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://2.bp.blogspot.com/-MdL_jjqVE8Y/VK2frSiQCKI/AAAAAAAAAxg/AV2l8mBFJso/s1600/blue%2Bridge%2Bres.jpg" height="240" width="320" /></a></div>
<br />
<strong>Millenials</strong><br />
In Seattle’s housing market, where the supply of homes over the past
year never exceeded two months’ worth of inventory, a whole new
generation of home buyers could be poised to make an even bigger dent in
the pool of available homes in 2015. Millenials – people born after
1980 – have been putting off home purchases due to factors such as high
student debt, stagnant wages resulting from the recession, and a desire
to not be tied to a permanent home, but they could be a bigger force in
the housing market in 2015, according to a new report in The Seattle
Times. With the median rent in King County now standing at $1,750 per
month, home ownership is beginning to look more appealing to many in
their late 20’s and early 30’s who have thus far been exclusively
renters.<br />
<br />
<strong>Rental Market</strong><br />
Rents in the Seattle area (King and Snohomish counties) grew at a
staggering rate of more than 8 percent in 2014 and are projected to
continue to rise in 2015. An estimated 12,273 new apartment units slated
to go on the market next year are expected to increase competition for
renters and help ease price hikes somewhat, but the glut of new units
likely won’t provide much relief for those with budgets at the lower end
of the spectrum. For example, in Ballard, where many of these new
buildings are going up, apartments built after 2010 are renting for an
average of $1,731 per month – not exactly affordable for many single
renters. Overall, Seattle remains the 8<sup>th</sup> most expensive place to rent in the country, with a median rent of $1,580 for a one-bedroom apartment.<br />
<br />
<strong>Home Prices</strong><br />
Seattle median home prices continue to rise on a yearly basis, having
grown 11 percent in 2014, according to the Puget Sound Business
Journal, but most are predicting slower, yet steady growth for 2015. The
median price for a single-family home in Seattle in November this year
was $357,000. In King County as a whole, the median price was $440,000
in December, just slightly lower than the 2007 peak of $455,000. Stan
Humphries, chief economist at Zillow, told The Seattle Times that he
expects to see continued moderation of price gains over the next year,
compared with the double-digit growth the market saw in 2013 and early
2014. OB Jacobi, president of Windermere Real Estate, said in a
statement that he expects price growth of 4-6 percent in 2015.<br />
<br />
For more information on Seattle real estate,<a href="http://www.ewingandclark.com/" target="_blank"> contact your local real estate broker today</a>! <br />
</div>
Anonymousnoreply@blogger.com22tag:blogger.com,1999:blog-7450539048202569658.post-40126005149684628612014-12-24T09:03:00.002-08:002014-12-24T09:03:47.189-08:00Looking to Sell For Over Asking? List Your Home in the Winter!<div class="entry">
*Synced from Seattle and Real Estate Blog<br />
<div>
<a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/09/broadview-homeww.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="broadview homeww" class="alignright" height="225" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/09/broadview-homeww-300x225.jpg" width="300" /></a>Despite
the long-held idea that winter is the slow season for residential real
estate, new data based on a two-year study by Redfin shows that December
through March could actually be the prime window for selling your home –
and selling it quickly for more than your asking price. Surprisingly,
Redfin says that February is the month to list if you’re looking to sell
fast, as 66 percent of homes listed in February have historically sold
in 90 days or fewer. Hoping for a multiple-offer situation that nets you
more than your listing price? Try December. In 2012, the month of
December saw the highest percentage of sales fetching prices over asking
for the whole year. Redfin found that in many cities, including
Seattle, sellers are most likely to sell their homes within 180 days if
they list in the winter.<br />
So, why, after years of preaching spring and summer as home-run
months for sellers, has the tide turned toward winter? Nela Richardson,
chief economist for Redfin, lists a couple of reasons why listing in the
winter can work to your advantage. She stated in an article that while
there may be fewer people overall shopping for homes in the winter, the
ones who are out there looking are serious buyers. People who are
casually searching for a home are most likely not going to brave the
cold weather or disrupt busy holiday schedules to attend multiple open
houses, so sellers are left with only the most motivated buyers.<br />
Similarly, since summer has historically been considered the
blockbuster season for selling, winter sellers generally have less
competition. Those who are nervous about letting their home sit on the
market all winter may pull it off the market, leaving one less home to
compete with yours. So, if you’re planning on selling your home but were
holding off on listing it until warmer months, it could be worth moving
up your timeline to get it on the market sooner. If you are interested
in selling your home in the Seattle area, contact your <a href="http://ewingandclark.com/" target="_blank">local real estate agent</a> today!<br />
</div>
</div>
Anonymousnoreply@blogger.com5tag:blogger.com,1999:blog-7450539048202569658.post-42060291115832273192014-12-17T09:09:00.001-08:002014-12-17T09:09:33.128-08:00Insurance Tips For First Time Home Buyers<div class="entry-content">
*Synced from Seattle and Real Estate Blog <br />
Searching for a home can be a job in and of itself, and home
insurance often gets lost in translation of the to-do list for first
time home buyers. There are so many factors to consider in the home
search, such as choosing the right mortgage company, and real estate
agent. Finding the right home insurance, and factoring it into your home
buying budget should also be a top priority. Our friends over at <a href="http://www.zillow.com/blog/insurance-tips-first-time-buyers-165791/" target="_blank">Zillow</a> have put together great guidelines and insider insurance tips for first time home buyers. Here are some of the key take-aways: <a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/12/1910-NW-100th-St-6.jpg"><img alt="1910 NW 100th St-6" class="size-large wp-image-1696 alignright" height="388" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/12/1910-NW-100th-St-6-1024x682.jpg" width="584" /></a><br />
Do your research, and shop around for the best rate between insurance
carriers. You might be able to save yourself hundreds of dollars just
by comparing a few different companies.<br />
Your credit score matters – not just for your mortgage rate, but also
for your insurance. Insurance companies utilize your credit report to
determine the level of risk you’d be as a new policyholder. If you’re
shopping for a home, you’re probably already making moves to improve
your credit, but its important to know that your credit is also
important in achieving an affordable insurance rate.<br />
Consult with your current auto insurance or boat insurance company to
discuss bundling options. You can often save on your premium by
utilizing the same company for home and auto insurance.<br />
Invest in substantial coverage plans. While you don’t want to
overspend, home owner’s insurance is also something you don’t want to
hold back on. Be sure your policy covers your home from weather risks
common to your area, and be sure your dwellings coverage is substantial
enough to cover the structure of your home incase of serious damage or
destruction. If you’re looking for a new home, and would like some
inside knowledge on the Seattle real estate scene,<a href="http://www.ewingandclark.com/" target="_blank"> contact your local real estate agent today</a>.<br />
</div>
Anonymousnoreply@blogger.com13tag:blogger.com,1999:blog-7450539048202569658.post-89435602063319197362014-12-10T08:51:00.002-08:002014-12-10T08:51:39.269-08:00October Trends: Higher Appreciation, More Homes Sold<div class="entry-content">
<a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/09/broadview-homeww.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="broadview homeww" class="size-medium wp-image-1540 aligncenter" height="225" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/09/broadview-homeww-300x225.jpg" width="300" /></a>*Synced from Seattle and Real Estate Blog <br />
After
months of single-family home prices in the U.S. growing by smaller and
smaller percentages on a yearly basis, the market finally looks to be
back on the rise. Prices in October grew by 6.1 percent compared to the
previous October, whereas year-over-year gains for September were 5.6
percent, according to new data released by CoreLogic. They report that
all states in the U.S. saw some percentage of yearly appreciation in
October.<br />
But despite this recent uptick, Sam Khater, deputy chief economist at
CoreLogic, said in a statement that prices are only growing by half the
pace they were in the spring of 2014, when the market was seeing
double-digit growth. However, some markets such as Seattle and Denver
are seeing higher appreciation than the rest of the country.<br />
Nationally, the number of homes sold in October increased by 2.2
percent from October 2013. Redfin attributes the jump to low mortgage
rates that are hovering below 4 percent, a drop in unemployment, slowing
home-price growth, and higher median wages. They point out that median
incomes increased in all but one (Orlando) of the markets that saw the
biggest year-over-year jump in sales. Though Seattle was toward the
bottom of the list, with only a 2.6 percent jump in number of homes sold
(as a comparison, Tampa, Fla. saw a 19.7 percent increase) and only 1.9
percent more homes newly listed for sale, any increase is welcome in
our market, which has seen extremely low inventory over the past year.<br />
If you are interested in buying or selling a home in the Seattle area, contact your <a href="http://ewingandclark.com/" target="_blank">local real estate agent</a> today.<br />
</div>
Anonymousnoreply@blogger.com3tag:blogger.com,1999:blog-7450539048202569658.post-73438444004632723602014-12-03T11:21:00.000-08:002014-12-03T11:21:49.380-08:00Tis the Season: Top Reasons For Buying During the Holidays<div class="entry-content">
<a href="http://www.ewingandclark.com/properties/details/1869903-812_galer_st_seattle_wa_98119" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="812 W Galer" class=" wp-image-1666 alignright" height="290" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/12/812-W-Galer-1024x679.jpg" width="432" /></a>*Synced from Seattle and Real Estate Blog <br />
Although sales are historically down during the last few months of
every year, there are certainly some noteworthy perks to the home search
during the holiday season. Here are a few reasons a new home should be
on your wish list for Santa this year. <br />
Did you know home prices are generally listed lower in December, than
they are throughout the rest of the year? There are several reasons for
home affordability increasing this month, and low mortgage rates is
another factor in your favor. Mortgage rates are around or just under
4%, and according to Zillow estimates, are expected to jump to 5% by
this time next year. If you wait just one more year to purchase the same
home, your monthly mortgage payment could increase significantly. This
isn’t to say that you should buy a home now if you’re not ready; buying a
home is a huge commitment, and knowing when you’re ready and able to
purchase is essential. It is also worth noting that if Seller’s are
listing their home during the holidays, they are usually very serious
about selling their home. Maybe they recently received a new job and
need to relocate before the end of the year. Their lack of time is your
gain – and you can also lower your tax bill for the year if you close on
your new home by Dec 31st. For more information on homes for sale in
the Seattle area, <a href="http://www.ewingandclark.com/" target="_blank">contact your local real estate agent today</a>.<br />
</div>
Anonymousnoreply@blogger.com2tag:blogger.com,1999:blog-7450539048202569658.post-77921007181943098172014-11-26T08:28:00.000-08:002014-11-26T08:28:53.572-08:00Seattle-Area Home Prices Fell Slightly In September<span class="by-author"><span class="author vcard"></span></span>
<br />
<div class="comments-link">
<a href="http://seattleandrealestate.com/seattle-area-home-prices-continued-their-fall-in-september/#respond" title="Comment on Seattle-Area Home Prices Fell Slightly In September"><span class="leave-reply"></span></a> </div>
<div class="entry-content">
<a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2013/11/Cap-Hill-housing.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Cap Hill housing" class=" wp-image-1030 alignright" height="180" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2013/11/Cap-Hill-housing-300x225.jpg" width="240" /></a>*Synced from Seattle and Real Estate <br />
Average
single-family home prices in the Seattle area (King, Snohomish, and
Pierce counties) remain up from a year ago, having grown 6 percent from
September 2013, but have now fallen on a month-to-month basis for the
seventh straight month, according to data released today from the <a href="http://us.spindices.com/indices/real-estate/sp-case-shiller-wa-seattle-home-price-index" target="_blank">S&P/Case-Shiller Seattle Home Price Index</a>. Average prices dropped by 0.2 percent from August to September, whereas they saw no change from July to August.<br />
Since the market’s peak in 2007, we’ve seen the highest highs
followed by the lowest lows after the housing bubble burst, but now the
market appears to be stabilizing. In an <a href="http://seattletimes.com/html/businesstechnology/2025097831_caseshillerseptxml.html" target="_blank">article</a>
in The Seattle Times, Zillow Chief Economist Stan Humphries was quoted
saying, “The days of double-digit home value appreciation continue to
rapidly fade away as more inventory comes on line, and the market is
becoming more balanced between buyers and sellers.”<br />
Nationally, both the 10- and 20-city indices saw no change in average
prices from August to September, and the U.S. market as a whole saw
only a slight increase of 0.1 percent. S&P Dow Jones Committee Chair
David Blitzer also predicts stability for the market in the coming
year, telling The Times, “With the economy looking better than a year
ago, the housing outlook for 2015 is stable to slightly better.”<br />
If you are interested in buying or selling a home in the Seattle area, contact your <a href="http://ewingandclark.com/" target="_blank">local real estate agent</a> today.<br />
</div>
Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-7450539048202569658.post-3103281146193027002014-11-19T08:58:00.000-08:002014-11-19T08:58:46.200-08:00Could the Holidays Actually Be a Good Time to Sell?<div class="entry-content">
<a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/11/Wreath.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Wreath" class="size-medium wp-image-1630 aligncenter" height="199" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/11/Wreath-300x199.jpg" width="300" /></a>*Synced from Seattle and Real Estate Blog <br />
Conventional
wisdom has historically dictated that the holiday season is a bad time
to sell a home. People are preoccupied with family gatherings, and bad
weather can thwart showings. But since you’re likely already putting
some extra effort into getting your home spruced up and ready for
holiday visitors, why not run with that and put your home on display for
prospective buyers?<br />
Embrace the season by adding touches to your home to make it feel
extra cozy for house tours. Light a fire in the fireplace, pile your
couch with pillows in autumn-inspired hues, and light a candle or two
(stick with unscented). Though the thought of sweeping your porch or
front walk in the freezing weather isn’t the most inviting, putting
effort into curb appeal is more important when you don’t have blue skies
and the greenery of your landscaping doing some of the work for you.
Get out the broom and make sure your walk and porch are clean, and
consider adding a few winter-friendly potted plants to your front entry;
<a href="http://www.pinterest.com/search/pins/?q=green%20mountain%20boxwood&rs=ac&len=16&term_meta[]=green%7Cautocomplete%7C0&term_meta[]=mountain%7Cautocomplete%7C0&term_meta[]=boxwood%7Cautocomplete%7C0" target="_blank">Green Mountain Boxwood</a>
will stay lush and green all year long. Some tasteful, white twinkle
lights never hurt, either, but do not go overboard with Christmas
decorations.<br />
So, if you want or need to sell your home during the off season, use
the the holidays as your inspiration and you may be surprised with the
response! If you are interested in selling or buying a home in the
Seattle area, contact your <a href="http://ewingandclark.com/" target="_blank">local real estate agent</a> today.<br />
</div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7450539048202569658.post-23271039211104029602014-11-12T10:21:00.001-08:002014-11-12T10:21:45.681-08:00Tips For Getting Your Home Prepared for Winter<span class="by-author"><span class="author vcard"></span></span>
<br />
<div class="comments-link">
<a href="http://seattleandrealestate.com/tips-for-getting-your-home-ready-for-winter/#respond" title="Comment on Tips For Getting Your Home Ready For Winter"><span class="leave-reply"></span></a> </div>
<div class="entry-content">
<a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/09/broadview-homeww.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="broadview homeww" class=" wp-image-1540 alignright" height="180" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/09/broadview-homeww-300x225.jpg" width="240" /></a>*Synced from Seattle and Real Estate Blog <br />
If
this wet weather hasn’t already prompted you to do some preventative
maintenance on your house before the long, cold months of winter set in,
here are some reminders to make sure you don’t experience any rude
awakenings in your house this season, courtesy of <a href="http://blog.redfin.com/blog/2014/10/fall-home-maintenance-checklist.html#.VFPcpsm0usM" target="_blank">Redfin</a>.<br />
<ul>
<li>Now that you’re going to be using your heating system again, make
sure everything has been moved clear of heating vents in your house,
replace air filters in your furnace, and consider installing a
programmable thermostat so you can control when your house is heated and
save on energy costs.</li>
<li>Make sure your pipes are insulated. There can’t be many things worse than a burst pipe in freezing weather.</li>
<li>Seal cracks in your foundation so you don’t end up with water damage.</li>
<li>Install weather stripping around your windows and doors to eliminate drafts and heat your house more efficiently.</li>
<li>Clean out your gutters to prevent rotting and roof problems, and
make sure your downspouts are diverting water away from your house and
foundation.</li>
<li>If you have a chimney, get it cleaned and inspected before you have any cozy fires!</li>
<li>Have a professional trim trees around power lines and around your
house to prevent any branches going through your roof or knocking out
power.</li>
</ul>
Especially in our wet Pacific Northwest climate, it’s important to
get these issues taken care of ahead of time, and a little work up front
will save you a LOT of work and money down the line.<br />
</div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7450539048202569658.post-27767536042870509402014-11-05T10:13:00.000-08:002014-11-05T10:13:23.041-08:00First-Time Buyers’ Share Of Market Lowest In 30 Years<br />
<div class="separator" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em; text-align: center;">
<a href="http://www.ewingandclark.com/properties/details/1893060-1910_nw_100th_st_seattle_wa_98177" target="_blank"><img alt="h" border="0" src="http://4.bp.blogspot.com/-GBZxSj6_4eM/VFpoYKjF_kI/AAAAAAAAAto/ZJXkMcWIJWk/s1600/BL.jpg" height="240" width="320" /></a></div>
<br />
*Synced from Seattle and Real Estate <br />
The <a href="http://www.realtor.org/topics/profile-of-home-buyers-and-sellers" target="_blank">National Association of Realtors</a>
recently published results from its annual Profile of Home Buyers and
Sellers survey, and the association found that the percentage of
purchases made by first-time home buyers is at its lowest point since
1987. First-time buyers made up 33 percent of the national market, down 5
percent from a year ago, whereas historically (based on surveys
conducted since 1981) four of every 10 home purchases were made by
first-time buyers.<br />
Though interest in purchasing homes remains high for young adults,
obstacles such as student loan debt, credit card debt, and car loan
expenses were the most common deterrents to saving for a down payment
among survey participants. Other factors include rising rents; wage
growth slowing in relation to housing prices; and market conditions such
as low inventory and tight credit restrictions. NAR’s Chief Economist
Lawrence Yun said that lowering mortgage insurance premiums and looser
credit standards could give first-time buyers the extra boost they need
to jump into the housing market for the first time.<br />
If you are interested in buying a home in the Seattle area, contact your <a href="http://ewingandclark.com/" target="_blank">local real estate agent</a> today.Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-7450539048202569658.post-6798876529989107782014-10-29T09:43:00.001-07:002014-10-29T09:43:42.488-07:00Home Vallue Appreciation is Slowing Nationally and Locally<span class="by-author"><span class="author vcard"></span></span>
<br />
<div class="comments-link">
<a href="http://seattleandrealestate.com/home-value-appreciation-slowing-locally-and-nationally/#respond" title="Comment on Home Value Appreciation Slowing Locally And Nationally"><span class="leave-reply"></span></a> </div>
<div class="entry-content">
<a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2013/09/housing.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="housing" class="size-full wp-image-966 alignright" height="204" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2013/09/housing.jpg" width="202" /></a>*Synced from Seattle and Real Estate Blog <br />
Zillow
is reporting that markets across the country, including Seattle’s, are
seeing a sustained slowdown in home price appreciation that will likely
continue into 2015. At the end of the third quarter this year, annual
appreciation for homes in Seattle stood at 6.9 percent, whereas the
change in the third quarter of 2013 from the previous year was 12.9
percent. Zillow is forecasting that in the third quarter of 2015
appreciation in Seattle will be down to 5 percent.<br />
Nationally, home values grew by 6.5 percent over the past year, which
is down from the peak annual appreciation of 8.1 percent in April of
this year. To give some context, U.S. home values are still 10.1 percent
below their peak in April 2007 at the height of the bubble. In further
evidence of a softening national market, there are 18.6 percent more
homes on the market in the U.S. than there were a year ago, though
Seattle is still seeing very low inventory.<br />
If you are interested in real estate in the Seattle area, contact your <a href="http://ewingandclark.com/" target="_blank">local real estate agent</a> today.<br />
</div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7450539048202569658.post-39751446594085484732014-10-22T11:08:00.003-07:002014-10-22T11:10:50.961-07:00Seattle Condo Prices Still Below Market Peak<div class="entry-content">
<a href="http://www.ewingandclark.com/properties/details/1878711-526_1st_ave_s_504_seattle_wa_98104" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="pioneer square" class="size-full wp-image-1594 alignright" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/10/pioneer-square.jpg" height="241" width="321" /></a>*Synced from Seattle and Real Estate Blog <br />
Seattle condo prices are taking their time to bounce back from the
housing bubble in comparison to single family home prices. With condo
prices down, the market has presented a unique opportunity for renters
who haven’t been able to save for a down-payment to purchase a single
family home. In some of the suburbs around Seattle, condo listing prices
are still well below recovery prices, and low prices paired with low
interest rates means more and more renters have the opportunity to be
new homeowners. <br />
According to the <a href="http://seattletimes.com/html/businesstechnology/2024765982_condosalesxml.html" target="_blank">Seattle Times</a>,
out of the 30 suburbs throughout King County listed by the NWMLS, all
but 3 (Bellevue, Kirkland, and downtown Seattle) have not seen the
median home price surpass the 2007 market peak. In 19 of the 36 markets
listed in King and Snohomish County, median home prices are still 20%
below the market peak. Seattle has seen the cost in rent and single
family homes continuously rise, while condo prices have stayed
consistent, or even dropped in some areas. While there are a number of
reasons that a condo market can suffer during a market recession, many
singles, small families and people looking to downsize are turning to
condos for an affordable option towards homeownership. If you’re
interested in learning more about the Seattle condo market, <a href="http://www.ewingandclark.com/" target="_blank">contact your local real estate agent toda</a>y.</div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7450539048202569658.post-62937332248373741212014-10-15T09:32:00.000-07:002014-10-15T09:32:19.339-07:00Downtown Seattle New Condo Prices Down 8% Since May<span class="by-author"><span class="author vcard"></span></span>
<br />
<div class="comments-link">
<a href="http://seattleandrealestate.com/downtown-seattle-new-condo-prices-down-8-since-may/#respond" title="Comment on Downtown Seattle New Condo Prices Down 8% Since May"><span class="leave-reply"></span></a> </div>
<div class="entry-content">
<a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/08/Downtown-condo.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Downtown condo" class="size-medium wp-image-1492 alignright" height="225" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/08/Downtown-condo-300x225.jpg" width="300" /></a>*Synced from Seattle and Real Estate <br />
One
look at the glut of new towers rising in downtown Seattle and one could
think condos are having their heyday. But it turns out most of those
cranes on the horizon are giving rise to office towers and apartment
buildings, with only one condo tower, <a href="http://www.insigniabybosa.com/" target="_blank">Insignia</a>,
currently under construction downtown. Among new (never before sold)
condo units that are on the market, prices have also fallen 8 percent
from their peak in May, according to the Daily Journal of Commerce.<br />
Prices did rise slightly from August to September (2 percent), and
year over year (up 3 percent from September 2013), but are still falling
short of the May peak, when the average price per square foot was $775.
In September, the average sold price per square foot for a new condo
was $716.<br />
According to the <a href="http://www.bizjournals.com/seattle/blog/2014/10/where-are-all-the-condo-projects-coming-soon-to.html" target="_blank">Puget Sound Business Journal</a>,
condo construction is expected to pick up in 2015, in part due to the
fact that 170 of the first 350 units at Insignia have already sold,
giving condo developers confidence that the demand will keep up with
supply. It remains to be seen what effect an increased number of units
will have on prices.<br />
If you are interested in purchasing a condo in the Seattle area, contact your <a href="http://ewingandclark.com/" target="_blank">local real estate agent</a> today.<br />
</div>
Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-7450539048202569658.post-1124255745022709772014-10-08T09:03:00.001-07:002014-10-08T09:03:50.341-07:00King Co. Home Prices Showed Best September In At Least 10 Years<span class="by-author"><span class="author vcard"></span></span>
<br />
<div class="comments-link">
<a href="http://seattleandrealestate.com/best-september-in-at-least-10-years-for-king-co-home-prices/#respond" title="Comment on ‘Best September In At Least 10 Years’ For King Co. Home Prices"><span class="leave-reply"></span></a> </div>
<div class="entry-content">
*Synced from Seattle and Real Estate Blog<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-3OtbWnLMowI/VDVgFErr3LI/AAAAAAAAArc/qWhYWCCU4TQ/s1600/Laurelhurst%2Bhome.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://1.bp.blogspot.com/-3OtbWnLMowI/VDVgFErr3LI/AAAAAAAAArc/qWhYWCCU4TQ/s1600/Laurelhurst%2Bhome.jpg" height="240" width="320" /></a></div>
<br />
After a <a href="http://seattleandrealestate.com/seattle-home-price-growth-slowdown-continues/" target="_blank">sluggish</a>
summer for home price gains in King County, the median price for a
single-family home rose to $460,000 in September, almost 10 percent
higher than a year ago and 5.3 percent higher than August’s median
price, according to an article in Tuesday’s <a href="http://seattletimes.com/html/businesstechnology/2024715395_homesalesxml.html" target="_blank">Seattle Times</a>.
The Times says that those numbers, pulled from the Northwest Multiple
Listing Service, point to the best September for home prices in at least
10 years.<br />
The city of Seattle performed the best of all the sub-markets in King
County in September, with the median price having risen to $517,000, 12
percent higher than September 2013. While the median price on the
Eastside was higher than Seattle’s at $605,000, yearly appreciation was
slower at only 6.3 percent. Southwest King County, which includes
Burien, Tukwila, Des Moines, Normandy Park, SeaTac, Federal Way, and
West Kent, continues to be the most affordable sub-market with a median
price of $267,250, though that is still up 6.7 percent from September
2013.<br />
Despite the price increase over the past year, the number of closed
sales has actually decreased in every sub-market in King County except
Seattle, which still only saw one more sale in September 2014 (643) than
in September 2013 (642). North King County saw the biggest decrease in
closed sales, having dropped 17 percent from September 2013. Agents
quoted in the article say this could be the result of buyers’ fatigue
after months of low inventory sparking bidding wars and extreme price
increases.<br />
For more information on Seattle-area real estate, contact your <a href="http://ewingandclark.com/" target="_blank">local real estate agent</a> today.<br />
</div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7450539048202569658.post-10642229698000966662014-10-01T10:35:00.001-07:002014-10-01T10:35:59.255-07:00Seattle Home Price Growth Slowdown Continues<a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2013/09/housing.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="housing" class="size-full wp-image-966 aligncenter" height="204" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2013/09/housing.jpg" width="202" /></a>*Synced from Seattle and Real Estate Blog <br />
Home
prices in the Seattle area (King, Snohomish, and Pierce counties) rose
by 0.6 percent from June to July, but for the fifth straight month
year-over-year appreciation slowed, according to the <a href="http://us.spindices.com/indices/real-estate/sp-case-shiller-wa-seattle-home-price-index" target="_blank">S&P/Case-Shiller 20-City Index</a> released yesterday.<br />
Annual appreciation of existing single-family homes in July was 7.1
percent (its lowest since October 2012), down from 8 percent from June.
The Case-Shiller report called this part of a “broad-based easing of
home price gains” nationally, as 19 of the 20 cities in the index
recorded slower gains than they recorded in June. As a comparison,
between June 2013 and July 2013 prices grew by almost 2 percent, and
annual appreciation was at 12.5 percent. Despite this slowdown,
MyNorthwest is reporting that data from housing tracker RealtyTrac shows
that Seattle was ranked fifth in the nation for home appreciation in
August, behind only Cincinnati, Cleveland, Miami, and Pittsburgh.<br />
If you would like more information on Seattle real estate, contact your <a href="http://ewingandclark.com/" target="_blank">local real estate agent</a> today.Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7450539048202569658.post-10287049000666423392014-09-24T08:54:00.000-07:002014-09-24T08:54:21.252-07:00Seattle Among Country’s Best Sellers’ Markets<div class="entry-content">
*Synced from Seattle and Real Estate Blog<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-HHXtbRqReOI/VCLo-5qArSI/AAAAAAAAAqE/5mQbsaqIXE4/s1600/queen%2Banne%2Bhome11.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://2.bp.blogspot.com/-HHXtbRqReOI/VCLo-5qArSI/AAAAAAAAAqE/5mQbsaqIXE4/s1600/queen%2Banne%2Bhome11.jpg" height="240" width="320" /></a></div>
<br />
We’ve
seen the Seattle residential real estate market explode over the past
several months, with bidding wars galore and homes selling for thousands
over their asking prices. While price gains <a href="http://seattleandrealestate.com/first-drop-in-median-home-price-in-six-months-came-in-august/" target="_blank">began to slow</a> toward the end of summer, <a href="http://www.zillow.com/blog/buyer-seller-index-fall-2014-160151/" target="_blank">Zillow</a>
is reporting that the Seattle-area market remains one of the best
sellers’ markets in the country, in large part due to low housing
inventory.<br />
Inventory of single-family homes in King County is up slightly from a
year ago, rising from 1.91 months of inventory in July 2013 to 2.08
months’ worth in August 2014. Inventory in Seattle alone was actually
down from a year ago, dropping from 1.47 months to 1.36 months, which is
far below the six months’ worth of supply that generally constitutes a
healthy market.<br />
Zillow says that rising prices are not the only indicator of a market
favoring sellers. They also factor in how long homes stay on the
market, how many price cuts occur, and how close the final selling price
is to the last asking price. The top five sellers’ markets in the
Seattle area are Mountlake Terrace, Shoreline, Seattle proper, Issaquah,
and Snoqualmie.<br />
If you are interested in buying or selling a home in the Seattle area, contact your <a href="http://ewingandclark.com/" target="_blank">local real estate agent</a> today.<br />
</div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7450539048202569658.post-33579196101535860432014-09-17T09:01:00.000-07:002014-09-17T09:01:21.154-07:00Preparing for Homeownership Expenses<div class="entry-content">
<a href="http://www.ewingandclark.com/properties/details/1884689-13051_7th_ave_nw_seattle_wa_98177" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="broadview homeww" class="size-full wp-image-1540 alignright" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/09/broadview-homeww.jpg" height="241" width="321" /></a>*Synced from Seattle and Real Estate Blog <br />
With bidding wars, and low inventory causing housing prices to
continually rise in the Seattle marketplace, unexpected financial
burdens can arise. Purchasing a home is an exciting time, especially for
first time home buyers, so to avoid any unplanned surprises, it is wise
to prepare and save for the unexpected. There are expenses you know to
prepare for such as standard mortgage, tax and insurance calculations
that come with closing, but other costs build up after it is all said
and done such as decorating, seasonal updates to the home, roofing
expenses, and landscaping. While it may be easy enough to come up with a
budget for weekly or monthly expenses, looking at the bigger picture
and figuring out the larger projects to spread out throughout the year
will help you get a better idea for an estimated budget for home
improvement expenses. Ongoing expenses like utilities, and
garbage/recycling can also be more expensive when you own a home, so be
prepared for a significant increase when comparing to what you’d paid
previously as a renter. <br />
Renters do not typically have to pay for services such as hiring a
plumber, fixing a garbage disposal, or updating a patio deck. These
expenses add up quickly, so make sure you have saved enough to provide a
nice cushion for first year homeowner expenses. We suggest you continue
to save and put money aside every month for ongoing expenses that may
arise with owning a new home, that way you’ll always be somewhat
prepared for the unexpected. If you’re interested in Seattle Real
Estate, <a href="http://www.ewingandclark.com/" target="_blank">contact your local real estate expert today</a>!</div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7450539048202569658.post-33007460962530542832014-09-10T08:44:00.001-07:002014-09-10T08:44:50.825-07:00Seattle's Sleepless in Seattle Houseboat Sells for Over $2 Million*Synced from Lake Union in Seattle Blog<br />
<br />
If you had your heart set on buying a piece of Hollywood real estate
history, your choices just narrowed by one. The houseboat that was
featured in “Sleepless in Seattle” has been sold to a local tech
executive for a sum that reportedly tops $2 million, according to the <a href="http://www.bizjournals.com/seattle/blog/2014/09/houseboat-from-sleepless-in-seattle-sells-for-more.html" target="_blank">Puget Sound Business Journal</a>. <br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-hsVq9DCczL8/VBBxzGq7N8I/AAAAAAAAApE/zv2LRcieyEQ/s1600/houseboats-lake-union.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://2.bp.blogspot.com/-hsVq9DCczL8/VBBxzGq7N8I/AAAAAAAAApE/zv2LRcieyEQ/s1600/houseboats-lake-union.jpg" height="240" width="320" /></a></div>
<br />
The houseboat, which sits at the end of a dock off Westlake Avenue
North, has unobstructed views of Lake Union and is surprisingly large at
2,200 square feet. The buyer, who has chosen to remain anonymous and
whose main residence is also in Seattle, reportedly bought the iconic
houseboat as a convenient summer house for his family.<br />
According to the PSBJ article, the previous owners of 21 years listed
the home in 2008, only to take it off the market after hoards of photo
seekers flocked to the dock where the house is moored. The recent sale
happened mostly under the radar, as the home was never listed on the
Multiple Listing Service.<br />
So, if you’ve been waiting patiently to own Seattle’s most famous
houseboat, looks like you’ll have to wait and see if it hits the market
again some day!Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7450539048202569658.post-20813777654945895452014-09-03T11:33:00.001-07:002014-09-03T11:33:26.938-07:0030 -Year Fixed Mortgage Rate in Washington State Below National Rate<div class="entry-content">
*Synced from Seattle and Real Estate Blog <br />
Borrowers were quoted just below 4% last week for 30-year fixed
mortgage rates Nationally, which is down from 4.08%, where the rate had
been previously hanging for weeks. According to <a href="http://www.zillow.com/mortgage-rates/" target="_blank">Zillow</a>,
mortgage rates in Washington State stayed at 3.99% last week, but have
since increased to 4.05% this week after the long weekend. Today other
state mortgage rates have ranged from a low of 3.94% in South Dakota, to
a high of 4.17% in Wyoming and West Virginia.<br />
<div class="wp-caption alignright" id="attachment_1515" style="width: 398px;">
<a href="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/09/zillow-mortage-rate.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Photo Courtesy of Zillow Mortgage" class="size-full wp-image-1515" height="233" src="http://seattleandrealestate.com/wp-content/blogs.dir/22/files/2014/09/zillow-mortage-rate.jpg" width="388" /></a><div class="wp-caption-text">
Photo Courtesy of Zillow Mortgage</div>
</div>
While the rate has risen, Zillow experts predict the rates will
remain low this short work week, as breaks in our domestic economic data
will be overshadowed by concerns over the European economy. News of a
plausible European Central Bank plan to instill a stimulus program
similar to the Federal Reserve’s is one reason the rates in the US
remained low last week, and are predicted to remain in this range for
weeks to come. If you’re interested in learning more about Seattle real
estate, <a href="http://www.ewingandclark.com/" target="_blank">contact your local real estate agent today</a>.<br />
</div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7450539048202569658.post-79136683527996419322014-08-27T10:05:00.001-07:002014-08-27T10:06:00.767-07:00Monthly Housing Price Growth Continues To Slow, Still Rising Annually*Synced from the Seattle and Real Estate Blog<br />
<br />
Though housing prices in the Seattle area continue to rise on a
yearly basis (up 8.6 percent over this time last year), the market saw a
continued slowdown in monthly price gains for single-family homes in
June, similar to <a href="http://seattleandrealestate.com/home-price-growth-in-seattle-area-appears-to-be-slowing/" target="_blank">the trend</a>
in May. Prices in King, Pierce, and Snohomish counties rose by just 1.1
percent in June, a slightly lower rate than the 1.4 percent price
growth in May, according to the <a href="http://us.spindices.com/indices/real-estate/sp-case-shiller-wa-seattle-home-price-index" target="_blank">S&P/Case-Shiller Home Price Index</a>
released Tuesday. The Seattle market is still outperforming the 20-city
Index by a small margin, with those prices having grown by 1 percent in
June, and 8 percent over the year. <br />
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Case-Shiller is calling the numbers part of a “widespread slowdown”
in home-price growth nationwide that began last fall. They say that
despite the slowdown in growth, other positive factors such as builders’
sentiment and existing home sales point to a normalizing housing
market. If you are interested in buying or selling a home in the Seattle
area, contact your <a href="http://ewingandclark.com/" target="_blank">local real estate agent</a> todayAnonymousnoreply@blogger.com0tag:blogger.com,1999:blog-7450539048202569658.post-67270526815583586232014-08-20T09:54:00.000-07:002014-08-20T09:54:17.575-07:00Supply of Single-Family Homes Declines In Many Neighborhoods<div class="entry-content">
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*Synced from Seattle and Real Estate Blog <br />
The single-family house is still at the top of many home buyers’
lists when searching for a property to buy, but the influx of
condominiums and townhouses in many of Seattle’s most popular
neighborhoods is further decreasing the supply of stand-alone homes in a
market where inventory is already tight.<br />
According to a Seattle Times analysis of census data from 2000-2012,
the number of single-family homes has decreased most significantly in
North Seattle neighborhoods such as Wallingford, Green Lake, Maple Leaf,
and Northgate, as well as in the area surrounding Dexter Avenue North
on the east side of Queen Anne above South Lake Union. However, South
End neighborhoods such as Jefferson Park on Beacon Hill, Mount Baker,
and South Park all saw increases in single-family homes in the same time
span.<br />
In a market that has seen prices soaring and bidding wars erupting
over the small supply of single-family homes that are available, this is
not encouraging news for buyers looking to live in neighborhoods where
many multifamily developments are in the works. The city has added 5,000
net single-family homes since 2000, but with 80,000 new residents
having moved to Seattle since then, that barely makes a dent in terms of
demand. To see the Times’ detailed map of single-family home inventory,
click <a href="http://seattletimes.com/html/localpages/2024292119_wherethehomesarent.html" target="_blank">here</a>.<br />
If you would like more information about buying a home in the Seattle area, contact your <a href="http://www.fremontbrewing.com/" target="_blank">local real estate agent</a> today.<br />
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