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!!

Christmas Cheer

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Did you know? 

There are currently 78 people living in the U.S with the name S. Claus and one Kriss Kringle? What were those parents thinking?

Mistletoe was used by Druid priests 200 years before the birth of Christ in their winter celebrations. They revered the plant since it had no roots yet remained green during the cold months of winter. 

In the show, “How the Grinch Stole Christmas,” the Grinch cuts out a Santa beard, but never wears it.

12 million packages are delivered by the U.S. Postal Service every day during the holiday season through Christmas Eve. The busiest delivery day: December 20th.

Finally A Politically Correct Christmas Carol

Deck the halls with boughs of non-endangered plant species
Fa la la la la, la la la la
“Tis the season to be self-actualizing
Fa la la la la, la la la la
Don we now our organic apparel
Fa la la la la, la la la la
Toll the ancient non-denominational-winter-solstice-holiday-Carol
Fa la la la la, la la la la 
See the blazing log on non-denominational-winter-solstice-holiday non-endangered wood before us,
Play the harp without unnecessary brutality and join the chorus
Sing we emotionally stable in a collective group effort,
Heedless of the weather patterns despite the effects of global warming,
Fast away the chronologically challenged year passes
Hail the new year without any implicit ageism, ye persons
Dance in a non-ierachical manner in  merry measure,
While I tell on non-materialistic, non-demoninations-winter solstice-holiday treasure.
Fa la la la la, la la la la

Finally- What do you call people who are afraid of Santa? 

Claus-trophobic

Happy Holidays!

Trends, local news & Real Estate dose of Awesomeness!

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

REAL ESTATE news

What to expect for the 2017 housing market

Optimism and caution set to greet real estate in 2017

MORTGAGE & FINANCE news

How to save money as a last minute holiday shopper

How important is your credit score?

6 steps to take to ensure you don’t outlive your money

HOME trends 

Some “green” features can increase your home’s value more than others

Pinterest 100 pins for 2017

Design recipes to make your space bright

LOCAL news

Washington considers road use tax based on how many miles you drive

The new SR 99 Tunnel is 70 percent complete

Seattle must halt plan for more backyard cottages

Boeing cutting production of 777 beginning next year

WEEKLY DOSE OF awesomeness

Tricked-out tiny house has motorized furniture

 

 

 

 

 

 

 

 

 

Curious on bank owned properties?

Here is a current list of just listed bank owned in the Snohomish County area. If you would like more information or to see one of these feel free to reach out to me.

Click Link to View Property 23115 ALDER DR
GRANITE FALLS, WA 98252

2.0 br, 2.0 ba | 1380 sq. ft.
MLS ID: 1058850
$251,450
Just Listed

 

Click Link to View Property 2931 NEWBERG RD
SNOHOMISH, WA 98290

2.0 br, 2.0 ba | 1504 sq. ft.
MLS ID: 1058443
$379,900
Just Listed

 

Click Link to View Property 25 E BEECH ST
EVERETT, WA 98203

2.0 br, 1.0 ba | 771 sq. ft.
MLS ID: 1056881
$262,500
Just Listed

 

Click Link to View Property 3431 159TH PL NW
STANWOOD, WA 98292

3.0 br, 2.0 ba | 1062 sq. ft.
MLS ID: 1037488
$264,900
Back on Market

 

Click Link to View Property 11220 180TH ST SE
SNOHOMISH, WA 98296

3.0 br, 2.5 ba | 1330 sq. ft.
MLS ID: 1036137
$450,000
Price Reduced

 

Click Link to View Property 19231 SOUNDVIEW DR NW
STANWOOD, WA 98292

2.0 br, 2.0 ba | 0 sq. ft.
MLS ID: 1040470
$329,900
Price Reduced

 

Click Link to View Property 9620 54TH AVE NE
MARYSVILLE, WA 98270

3.0 br, 2.0 ba | 1211 sq. ft.
MLS ID: 1027039
$229,900
Active

 

Click Link to View Property 6811 74TH DR NE
MARYSVILLE, WA 98270

3.0 br, 2.5 ba | 1354 sq. ft.
MLS ID: 1026982
$324,000
Active

 

Click Link to View Property 14423 368TH AVE SE
SULTAN, WA 98294

2.0 br, 1.0 ba | 880 sq. ft.
MLS ID: 1013263
$74,900
Active

 

Click Link to View Property 7513 HERMOSA BEACH RD
MARYSVILLE, WA 98271

3.0 br, 1.0 ba | 620 sq. ft.
MLS ID: 1024843
$119,900
Active

 

Click Link to View Property 13516 131ST AVE NE
LAKE STEVENS, WA 98258

3.0 br, 3.0 ba | 2058 sq. ft.
MLS ID: 1027729
$474,900
Active
Click Link to View Property 4404 106TH PL NE
MARYSVILLE, WA 98271

4.0 br, 3.0 ba | 1512 sq. ft.
MLS ID: 1057708
$289,500
Active

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!

Snohomish County monthly real estate stats

September 20, 2016| Snohomish County Homes INC.

 Snohomish County Home

Snohomish County Statistics as of August 2016

Active Inventory: +13% Aug 2016 vs. Aug 2015

2009 available homes currently on market -46 vs. last month.

Pending Transactions: Up 14% Aug 2016 vs. Aug 2015

2071 units +94 vs. last month

Sold Transactions:+7% Aug 2016 vs. 2016

1748 units +75 than last month

Days on Market

Snohomish County Active to pending 26 days vs. 35 a year ago up 2 days from last month.

Median home price in Snohomish County is at a record high of $395,000!!!  +9% last year.  Down $3,000 from last month.

Area price % based on last Quarter

Bothell + 11%, Edmonds/Lynnwood +7%. Everett/Mukilteo +7%

Snohomish/Monroe+ 13%. Lake Stevens/Granite Falls +6%.

Marysville +14%

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?

seattle

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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