Weekly Real Estate Awesomeness

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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

 

 

 

 

 

 

Homes For Heroes

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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.

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November Real Estate Market.. HOT, HOT!

 

Snohomish County Statistics as of November 2016

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November is known for being on the cold side and normally signs of a slowing Real Estate market as everyone starts to buckle in for the winter and holidays. Not this year however! November was smoking hot with only 1.4 month of inventory and buyers were snatching up everything they could. I saw multiple offers skyrocketing and bidding wars with some homes being bid up 100K. The picture to the left is a Bothell home that had 32 offers and was bid up 95k! Crazy!!

Here are your local inventory stats.

 

Active Inventory

 +17% November 2016 vs. November 2015

1111 available homes currently on market -800 vs. last month.

Pending Transactions

Up 1% November 2016 vs. November 2015

1528 units -88 vs. last month

Sold Transactions

+27%!!! November 2016 vs. 2015

1452 units -182 than last month

Days on Market

Snohomish County Active to pending 33 days vs. 47 a year ago up 7 days from last month.

Median home price in Snohomish County 399,000 +14% last year.  Up $7,000 from last month.

Area price % based on last Quarter

All percentages are up and also include new construction

Bothell + 16%, Edmonds/Lynnwood +17%. Everett/Mukilteo +12%

Snohomish/Monroe+ 11%. Lake Stevens/Granite Falls + 17%.

Marysville +14%

King County Median home prices are $523,000 + 16% over last year and up $6k from last month.

Woodinville area Median price is $550!!

Curious when the best time to buy a house is? 

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You’re not alone.

As a Realtor, one of the questions I hear most frequently is, “When is the best time to buy a house?”

The answer is simple – the best time to buy a house is the right time for you.

That being said, the housing market does experience some seasonal patterns. Traditionally, folks don’t want to move during the holidays and they desperately want to get into a better school district prior to school starting.

This means inventory is typically low during the winter and demand is often high during the summer. While inventory has a tendency to peak during August, buyers who have been on the hunt for a substantial amount of time begin to experience fatigue.

By the time fall rolls around, many house hunters have given up and signed a lease or decided to stay in their current home for another year. In fact, the Seattle area housing market has gone like gangbusters from January through July of this year. Homes were flying off the market. Bidding wars were common. Buyers were waiving inspection and guaranteeing earnest money.

There was a tapering off in August. Bidding wars became less frequent and listed homes received fewer offers. Now that we have hit fall, the competition has dropped even further. Yet, interest rates still remain at record lows.

As a potential buyer, this is great news. With low rates and less competition, you have more choices. Doesn’t fall sound like a good time to buy a home?

Ready to find a home? I can guide you to great lenders, programs that fit your budget and of, course, find you a home. Contact me today!

Real Estate news you can use!

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

New home sales hit highest level in 9 years! 

Millennials still believe in the homeownership dream even if they can’t afford to buy

Housing market across the U.S. finally starting to look healthy

MORTGAGE & FINANCE news

Salary needed to buy a home in 19 major U.S. cities

Tips for staying out of debt

Calculate how much house you can afford

HOME trends

King County’s eco-remodeling tool provide tips for going green for your next home renovation

Four colors that may hurt a home’s sales price

LOCAL news

7 percent of Puget Sound homes are underwater, compared with 12 percent nationally

A teardown a day: Bulldozing the way for bigger homes in Seattle, suburbs

BLS stats show Seattle-Tacoma-Bellevue is #7 Metro area for fastest job growth

What does Vancouver’s housing market implosion mean for Seattle?

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Seattle home-sale market provides small hint of slowdown

You need an annual salary of $83K to afford a home in Seattle

Everett welcomes the film industry, an important economic driver for local businesses

WEEKLY DOSE OF awesomeness

Happy 100th Birthday U.S. National Parks

 

 I hope your week is a great one! 

Jen Murrweiss | Remax Elite | 425-422-7243

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