Real estate-related community news (and a bit of awesomeness).

REAL ESTATE news

Sales of existing homes slipped 0.7 percent in July, fourth straight monthly decline

House

Lower priced homes are experiencing fewer price reductions than upper end properties

Why hospitals are investing in real estate

Home value growth slowing in several hot markets

MORTGAGE & FINANCE news

Young homebuyers funding home down payment from their retirement account

retirement

Before you buy that first investment property, read this

Massive student debt makes homeownership almost impossible

HOME trends

Guide to understanding your home’s value

Declutter your kitchen and double your storage space Kitchen

Questions to ask before buying a condo

LOCAL news

seattle

Seattle-area frenetic growth has cooled, but boom is still on

Buyers see hope on the horizon in cooling Seattle market

Seattle-area drops to the #12 market for home price growth

Home price acceleration slows, but it’s still a challenge if you’re a buyer

Seattle #2 on list of best cities for ice cream lovers

icecream

Performing arts and affordable housing come together in planned Rainier Valley development

Why do so many apartment buildings in Seattle look the same?apartment

New Hugo House opens in Seattle

The SR-99 tunnel gets its stripes (and some running stick figures)

Amazon leases Expedia’s entire Bellevue tower

Renton’s Kenworth Truck assembly plant celebrates 25 yearstruck

Port of Everett breaks ground on huge and historic modernization project

SunsetandGrand_Everett

Economic outlook for Washington State

Where do Washington State’s billionaires live?

Homes throughout the Northwest continue to appreciate

WEEKLY DOSE OF awesomeness

What do the smart home systems of the wealthy have that Alexa doesn’t?

future

(hint: Morgan Freeman)

NEW Listing! Lynnwood Rambler

Best buy in the neighborhood! Come quick & see this turn-key rambler with a one year home warranty that is sure to go fast. Large (10,454 sq ft) fully fenced backyard w/sports court & lots of room to entertain. Gas heat to keep you cozy plus a bonus room of 265 sq ft not included in records with a .5 bath. Light & bright kitchen with white retro cabinets, dining area and custom built in hutch. Fireplace ready for your gas insert. Good size bedrooms all w/hardwood floors. Newer exterior/interior doors, updated electrical, carpet is newer with hardwoods underneath. Roof done in 2007. Perfect location in Lynnwood close to everything you want & need! Full tour and info

Snohomish County Statistics December 2017

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

Weekly Real Estate Awesomeness

seattle

REAL ESTATE news

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!!

MORTGAGE & FINANCE news

Crowdfunding your down payment: a new way to buy a home? 

3 steps to figure out how much mortgage you can afford 

HOME trends

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

Make it a great week.

Jen Murrweiss- www.snohomishcountyhomesinc.com