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.
-2% December 2017 vs. December 2016
781 available homes currently on market -347 vs. last month.
-4% December 2017 vs. December 2016
1255 units -336 vs. last month
+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?
Latest report from the NWMLS
Why it’s now an empty nesters housing market
When buyers cannot afford Seattle most head north into Snohomish County therefore we keep a close eye on the housing market all over and these stories paint a clear picture of why so many are moving this way.
Seattle’s scorching housing market positions it as a city on the rise.
What’s it like to buy and sell in Seattle’s crazy market
Prices soar leading some to give up
Boarded up house in Ballard lists for $595K!!
Crowdfunding your down payment: a new way to buy a home?
3 steps to figure out how much mortgage you can afford
Modern backyard cabin is an urban oasis
5 most popular landscape design trends for fall 2017
City of Seattle begins work on a proposal to encourage development of backyard cottages
Jen Murrweiss- www.snohomishcountyhomesinc.com
If you are refinancing, purchasing or selling this is a must read. I tell all my clients to call me first and double check if they get any suspicious email or phone call. Do not let this happen to you!
Why, what’s the matter,
That you have such a February face,
So full of frost, of storm and cloudiness?
– – – William Shakespeare “Much Ado About Nothing”
Do not have a February face! Get out and enjoy all the great happenings and with this months newsletter on events, tips and eye on the market how could you not!
I am privileged to announce that I have officially joined the Homes for Heroes organization in their mission to help heroes across the country save thousands of dollars in the process of buying or selling their home.
What is Home for Heroes?
Homes for Heroes is an organization that was formed after the tragic events of 9/11 as a way to say “Thank You” to the heroes of our nation. The Homes for Heroes organization is composed of a network of real estate professionals who are prepared to give real savings to those who serve their communities when they buy, sell, or refinance a home. This program is our way to say, “Thank you!”
Who qualifies as a hero?
Our core group of local heroes includes but is not limited to: Military personnel, Police Officers, Firefighters, First Responders, Educators, and Health Care Workers. If you think you might qualify, please contact me and tell me about what you do for your community. When you are buying, selling or refinancing a home, let us say thank you for all that you do!
How much will I save?
The total amount you save will depend on the final selling or buying price of your home. Homes for Heroes Affiliate Realtors agree to rebate equal to 25% of the gross commission they receive on your transaction. Discounted lender fees are also offered on purchases and refinances with a Homes for Heroes lender. The savings can be thousands of dollars!
Are there a lot of extra applications, forms, and paperwork?
No! Homes for Heroes promises no extra forms, no red tape, no fine print, no hidden fees, and no catch!
Homes for Heroes offers me the chance to help our local community heroes achieve their dreams of home ownership. If you are interested in taking advantage of this opportunity, please contact me for more info or you can register now at www.snohomishcountyheroes.com to get started.
Prices are up 5% over last year same time July 2016 vs. July 2015
2141 brand new listings in July that is up 53 from last month. 2141 total active at the end of the month.
Up +3% July 2016 vs. July 2015
2079 units went pending last month that is 62 less however than June.
+9% July 2016 vs. July 2015.
1673 units +11 more than last month
Days on Market
Snohomish County Active to pending 25 days vs. 36 a year ago. Incredible!
Median home price in Snohomish County $387,000!!
Median home price in King County $523,000. Snohomish county is gaining however the gap between King and Snohomish is growing.
Months of inventory
If no additional homes would be put on the market, there would be no inventory left after 1.25 months in Snohomish County. In King County that figure is 1.2 months. A balanced “normal” market is 3-6 months. Buyers’ market more than 6 and Sellers less than 3 months.
Area price % growth based on last Quarter
Bothell + 14%, Edmonds/Lynnwood +5%. Everett/Mukilteo +11%
Snohomish/Monroe + 11%. Lake Stevens/Granite Falls/Arlington/Darrington +7 %. Marysville +7%
New Construction is included in these percentages.
July 2016 Market Characteristics:
Looking to buy? Looking to sell? Or know of anyone who might? I am here to personally assist you. Giving exceptional service and donating to Seattle Children’s on your behalf. Join my growing group of clients involved in helping families when they need it most. show less
Snohomish County Homes INC.com