Month: January 2018

News you can use

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Check out these articles for great information about our community and our local real estate industry. 

 **RED ALERT** WIRE FRAUD IS AN EPIDEMIC

San Antonio Homebuyer loses $25,000 to wire fraud
news4sanantonio.com
SAN ANTONIO – Born one day apart, Jayna Gibbs and her husband fell in love and got married at 28. But this last summer her husband died suddenly and unexpectedly …

REAL ESTATE news

More than half of Seattle homes sold for over asking in 2017
Housing markets around the country are competitive, but one study shows just how outrageous the bidding wars have become in some of the country’s most expensive …

And from King 5 
If you’re selling your home, you have a good chance of making more than you’re asking.

Why women earn less equity in their homes than men
The disparity in home equity remains because women still make less money than their male counterparts. Wage inequality impacts credit score, spending power and much more.

MORTGAGE & FINANCE news

6 things that could make your property taxes rise
Everything from home sales in your area to home improvements can make your property taxes increase—here are the most common factors

Seattle startup will front your new home down payment when you Airbnb your extra room!!
Buying a quality, affordable house has quickly become a pipe dream in premium markets, especially for Millennials looking for a starter home in tech-heavy …

HOME trends

Why now might be the right time to add a new living space to your home
realestate.usnews.com
Got family that needs a place to stay or looking for some extra income? An accessory dwelling unit may be the answer for homeowners who need some additional space for …

Take a tour of the 2018 HGTV Dream home in Gig Harbor
Some people can buy their dream home. But this dream home in Gig Harbor could be yours for free. “This is the very first-time HGTV has ever done a home in Washington …

LOCAL news

Seattle’s housing market inventory remains low, even for winter
seattle.curbed.com
There are 20 percent fewer homes on the market than this time last year, says Zillow

Community

Resources to help keep kids safe in Snohomish County
myedmondsnews.com
John F. Kennedy once said, “Children are the world’s most valuable resource and its best hope for the future.” As parents, educators, and supportive adults, we all want to make sure that our children are as safe from harm as possible. In my years of work as a mental health clinician, I have heard numerous …

13th Annual Groundfrog Day in Snohomish set for January 27
Thayer Cueter announces Snohomish Slew’s “frognostication” at the 2016 GroundFrog Day. SNOHOMISH — Snohomish Slew is so much more than a handsome face and at …

Snohomish youth football team to appear at NFL Pro Bowl

Alaska Airlines to fly to 8 cities from Everett’s Paine Field
komonews.com
EVERETT, Wash. – Thousands of residents north of Seattle will soon have a new travel option for flying to out-of-state destinations along the West Coast.Seattle-based Alaska Airlines announced Tuesday it will offer 13 nonstop departures to eight cities eve

Rents decrease across the region including Edmonds
myedmondsnews.com
Rents are dropping significantly across the Seattle area for the first time this decade — including rents in Edmonds. That’s according to a story from our online …

WEEKLY DOSE OF awesomeness

Washington’s Winter Olympians have their own museum!

I hope you enjoy this edition of NEWS YOU CAN USE.

Snohomish County Statistics December 2017

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December is known for being on the cold side and a sign of a slowing Real Estate market as everyone starts to enjoy the holidays. Not this year however! December was smoking hot. A new record of 16 days inventory pushed buyers to snatch up everything they could and quickly.

Active Inventory

 -2% December 2017 vs. December 2016

781 available homes currently on market -347 vs. last month.

Pending Transactions

-4% December 2017 vs. December 2016

1255 units -336 vs. last month

Sold Transactions

+12%!!! December 2017 vs. 2016

1516 units +101 than last month

Days on Market

Snohomish County Active to pending 34 days vs. 39 a year ago. Up 4 days from last month (normal with the holidays).

Median home price in Snohomish County 448,000 +12% last year.  Up $4,000 from last month.

Area price % based on last Quarter

All percentages are up and also include new construction

Bothell + 20%, Edmonds/Lynnwood +15%. Everett/Mukilteo +10%

Snohomish/Monroe+ 17%. Lake Stevens/Granite Falls + 15%.  Marysville +13%

King County Median home prices are $611,000 + 15% over last year and up $27k from last month.

Woodinville area Median price is $678!!

Of the more than 3,100 counties across the U.S., none saw a bigger net increase than Pierce and Snohomish in movers from other counties. Is this a reflection of people being priced out of King County?96961280-1033-11e7-92dc-5affb0e7ac5c