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

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!!

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 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!

What is your favorite style of home?

We’ve all had that moment — driving down a street and we see a home we like specifically for the architecture and design elements. The United States is full of different home styles and architecture, and pinpointing a specific one can be difficult, especially when dominant home styles change from region to region. The homes below are examples of the most prevalent home styles found throughout the United States.

Which is your favorite and why?

 A Victorian

VICTORIAN

Victorian homes give off a certain air and possess a very stately feel. Victorians are more about beauty than functionality, with complex designs, ornate trim, and large wraparound porches. The Victorian exterior is seen as a medium for decoration. These homes generally have gables, bay windows, towers, overhangs and many are known as ‘Painted Ladies.’ The Victorian style also has sub styles, the most notable being Gothic Revival, Italianate, Second Empire, Queen Anne and the Romanesque style.

A craftsman Bungalow

Craftsman Bungalow

The Craftsman or Bungalow style is seen as an expression of structure and elements that rely heavily on simple, elegant design. The Craftsman is one of the most common and popular styles in the United States, with an incredible resurgence in the last five years. These homes are characterized by their wide front porches, low-pitched roofs and exteriors that use wood, stone and/or brick. The interior of the Craftsman also has an open floor plan with many built-ins throughout the house.

tudor2

Tudor

Tudors are very distinct and based on English building traditions during the Tudor Era (1485 – 1603). Tudors are characterized by their asymmetrical exteriors with windows playing a large part in the design. These homes generally have stone and stucco walls with wood accents/framing, and Tudor roofs are steep-pitched. Tudor homes are one of the most recognizable styles in the United States due to their specific architectural components.

A Cape Cod

Cape Cod

Cape Cods were first built in the 1600s and took inspiration from Britain’s thatched cottages. Cape Cods have steep roofs, dormer windows and large chimneys — elements that helped the homes withstand harsh Northeastern winters. The Cape Cod style is most recognized for its dormer windows, which play a large part in the design of the home.

A ranch

Ranch

Ranches are also known as ‘Ramblers.’ Ranches are characterized by their single-story construction and low pitched roofs. Ranches became very popular in the post World War II era, with a large resurgence in the 1960s as ‘mid-century moderns.’

A colonial

Colonial

Colonials are another home style that have a distinct appearance. Symmetry plays a large part in Colonials — evenly spaced shuttered windows, dormers, columns, and old Colonials will have many fireplaces. The most common Colonial in the United States is the Georgian Colonial, characterized by its strict symmetry, box shape, paneled front door below a decorative crown, simple or flattened columns, and the most notable feature of five shuttered windows across. Other notable Colonial styles in the United States are Dutch, Federal, and Spanish.

A contempary

Contemporary

Contemporary homes have an almost futuristic look to them, but many contemporary homes look to connect the indoors with the outdoors. Natural light plays a large part in the contemporary home, as do flat roofs and simple horizontal and perpendicular lines. Contemporary homes embrace industrialism and put an emphasis on the use of efficient and affordable materials, and the homes emphasize an importance of combining materials (steel, glass, wood, stone, etc.) to create a fluid space.

A spanish

Spanish

Spanish style homes incorporate a fusion of design elements from European and Native American architecture. The Mission Revival style is the most popular, which has its roots in Spanish churches built by missionaries. Spanish style homes tend to have clay roof tiles, arcaded porches, arched corridors, bell towers, square pillars and quatrefoil windows (these windows resemble flowers).

A mediterranean

Mediterranean

The Mediterranean style became very popular in the United States in 1918 to 1940. This style is modeled after the hacienda style, where red tile roofs, arches, and plaster surfaces play a large part in the exterior of the house. Mediterranean style homes have become popular again, but the style has adopted more design elements like porticoes, balconies, and ornamental details that include heavy wood doors, tiles in multiple colors or designs, and balconies with ornate iron railings and embellishments.

A pueblo

Pueblo Revival

The Pueblo Revival is a style favored in the Southwest, highly influenced by the ancient Pueblo’s simple multifamily homes. This home style favors materials sourced from the earth — adobe, concrete, stucco or mortar, and wood beams — and the homes tend to feature enclosed courtyards and flat or sloping roofs. The Pueblo style is also characterized by rounded exteriors that exhibit square windows, weathered wood doors and exterior stone accents.

Homes can take any shape or size, and many homes built today embrace two or more styles. The United States has many other home styles not featured. If you’re looking for a home in a particular style, your agent will be able to help find that perfect property.

If you’re interested in learning more about home styles, you can find more information here: This Old House, Popular House Styles, DIY Network