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!!

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%

Sneak Peak coming soon Foreclosed properties!!

listinglocalphoto 

 4 Beds, 3 Baths | 1,770 sq. ft. | Single-Family- Marysville

Very Elegant Home, 4 Bedroom, Vaulted Ceilings, Skylight And Pantry In The Kitchen With Breakfast Bar, His And Her Closets In The Master, Gas Fireplace W/ Blower

  Silver Firs Split

4 Beds, 3 Baths | 2004 sq ft. | Single-Family-Silver Firs

Superb split level in Silver Firs. 4 bedrooms, 2.75 baths with room to add another. Bright living room with fireplace. Large lower rec. room with fireplace. Over 2,000 sq. ft. of living space. Spacious kitchen with tile counter tops, hardwood floors. Large deck and yard. Fully fenced backyard with entertainment deck. Eligible for HomePath and Home Path Renovation Financing, low 5% down financing, No Mortgage Insurance fees!

 

listinglocalphoto

4 Beds, 2.5 Baths | 2,410 sq. ft. | Single-Family-Lake Stevens.

You will adore this home and its beautiful features! Kitchen has tons of counter space and plenty of cabinets to meet your cooking needs the kitchen island also provides additional prep space that you will be sure to love! You will absolutely love the fireplace in the open family room area, perfect on a chilly North West day. You will appreciate the easy floor plan of the upper level of the home where all bedrooms are located. HUGE fenced backyard is great for entertaining needs! WELCOME HOME!

News You Can Use~ Mortgage Rates 4.27%

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

MORTGAGE & FINANCE news

10 reasons to take the plunge into homeownership

http://money.usnews.com/money/personal-finance/articles/2014/04/15/when-homeowners-are-better-off-than-renters

Americans now consider real estate best option for long-term investments

http://www.gallup.com/poll/168554/americans-sold-real-estate-best-long-term-investment.aspx

Average 30-year mortgage rate falls to 4.27%

http://www.usatoday.com/story/money/personalfinance/2014/04/17/mortgage-rates/7823375/

Earth Day: Energy-efficient mortgages have you spending now to save money later

http://money.usnews.com/money/blogs/my-money/2014/02/07/how-an-energy-efficient-mortgage-can-save-you-money

REAL ESTATE news

Is your home ready for your retirement?

http://realestate.aol.com/blog/2014/04/18/home-remodel-design-aging-in-place/

10 home feature trends for 2014

http://www.cbsnews.com/media/10-home-feature-trends-for-2014/10/

 

earth day

Earth Day: 15 tips to make your home more green

http://blog.redfin.com/blog/2014/04/15-tips-to-make-your-home-more-green.html

LOCAL news

Price gains in 2014 don’t indicate a bubble, correction and inflation the cause of increases

http://blog.seattlepi.com/seattlewaterfronthomes/2014/04/15/is-there-a-real-estate-bubble-in-seattle-inflation-and-11-of-our-home-equity-says-no/

Pierce County still cheaper to buy than rent a home

http://www.thenewstribune.com/2014/02/19/3056712/in-pierce-thurston-counties-its.html?sp=/99/261/273/

Earth Day: Downtown Bellevue and Seattle’s Columbia City among top 10 green neighborhoods in the nation

http://blog.redfin.com/blog/2014/04/top-10-neighborhoods-for-green-homes.html#.U1SWO-aMWRM

WEEKLY DOSE OF awesomeness

Did you know Earth Day was first announced in 1969 at a conference in Seattle?

http://www.history.com/topics/holidays/earth-day

Earth Day: 3 free apps to help you go green

http://parade.condenast.com/280529/viannguyen/3-free-apps-to-help-you-go-green-this-earth-day/

 

 

US. Housing Price Appreciation and Real Estate News

Real Estate News

In 2013, the housing markets with the biggest increases in asking prices were all rebounding from severe price drops in the housing bust. Home prices are still in rebound mode, but this effect will weaken in 2014. Job growth, in contrast, mattered little for price gains in 2013 but helped drive rent increases.

In December, the year-over-year increase in asking home prices slowed for the first time since the price recovery began in early 2012: prices rose 11.9% year-over-year in December, compared with November’s 12.2% year-over-year increase. Asking prices rose 0.4% month-over-month, seasonally adjusted, the third straight month of gains less than 1%.

Overall, regression analysis shows that recent price gains are most strongly associated with the severity of the local housing bust. Markets where prices fell most during the bust (roughly 2006 to 2011, but varies by metro) offered bargains for investors and other buyers who have helped bid prices back up over the past two years. A second important factor is foreclosures: adjusting for other factors, metros with a higher foreclosure inventory today – including many in Florida – have slower price growth. Job growth, however, had little impact on local home price gains in 2013: the relationship between job growth and price gains was positive but not statistically significant.

Therefore, year-over-year price gains in December 2013 are still primarily a reaction to the housing bust, but this rebound effect is fading as we enter 2014. Looking at the quarter-over-quarter price changes throughout 2013, the relationship between the severity of the housing bust and the recent price recovery was stronger earlier in the year than later in the year. More specifically, the correlation between peak-to-trough price change (FHFA) and the Trulia Price Monitor quarter-over-quarter change was -.59 in March; -.45 in June; -.43 in September; and -.33 in December. This correlation is moving closer to zero, which signifies that the rebound effect is fading. As the housing market continues to recover, factors other than the rebound effect – like job growth – will matter more for price gains. That means slower but more sustainable price increases.

Note: These asking prices are SA (Seasonally Adjusted) – and adjusted for the mix of homes – and this suggests further house price increases, but at a slower rate, over the next few months on a seasonally adjusted basis.

From Trulia chief economist Jed Kolko: The Post-Crash Rebound, Not Job Growth, Drove 2013 Price Gains

Interactive Chart

Please take a look at this great interactive PDF with a map and average home price appreciation info for the entire United States by clicking  through to this link, you’ll find the US Map and much more state specific data in an interactive version.

US Housing app

We hope you find this information useful and never hesitate if you would like to see more or would like more information.

http://www.snohomishcountyhomes4u.com

 

 

Why Pay A Real Estate Commission??

smile

Considering selling your home by yourself?

Is it worth it?

Only the home owner can answer that question but experience has shown that many for-sale-by-owners find that it’s not. Before making a costly mistake plus an astronomical amount of time and wasted energy consider the benefits, from A to Z, you receive from working with a Real Estate Professional:

Advertising– We have proven marketing strategies to get you the best exposure and your agent should be rocking out the info on your home non-stop.

Bargain– research shows that 77% of sellers felt their commission was “well spent.” For the other 33% I say they should have gotten another agent.  We must work for you to reach a common goal for all! Look I don’t get paid if I don’t do my job and sell your house period. So why would I not want to do my best?

Contract Writing– An agent can supply the standard forms that are written by lawyers to protect all parties in the transaction which in turn speeds things up. If you sell by yourself you need to hire a lawyer to draw up the docs. How much does that cost?

Details– There is millions of them trust me. An agent frees you from handling the many details of selling a home. Getting an offer is the easy part holding the transaction together after  is where the details really count.

Experience and Expertise– In marketing, financing, negotiation and more.  If your agent does not get another one!

Financial Know How– An agent is aware of the many options for financing a sale and can make sure you home qualifies for as many as possible to open up the buyer pool.

Glossary- A real estate professional understands, and can explain, real estate lingo

Homework- Agents are informed through research and experience, an agent will know  your market and the areas they work in daily.

Information– If you have a real estate question and agent will know (or can get the answer)

Juggle showings– We agents handle all showings and the 10 phone calls of anxious buyers who want to be the first one to get in and see.

Keep your best Interests in mind– It’s our job! Selling you home is emotional and you need to trust your agent with information to help them help you.

Laws– A real Estate professional will be up-to-date in real estate laws that affect you.

Multiple Listing Service– Our number one tool to get your home out there to over 5,000 agents with potential buyers. Bringing you both together.

Negotiation– An agent can handles all price and contract negotiations.

Open Houses– A popular marketing technique that gives you exposure.

Prospects– Our network is huge and with reverse prospecting we know what other agents are looking for.  In turn helping to produce potential buyers.

Qualified Buyers– You don’t need any looky-loos you need Pre-approved buyers period or if cash proof of funds. We make sure that is the case.

Realtor- An agent who is a member of the National Association of Realtors and subscribe to a strict code of ethics.

Suggested Price– An agent will do a market analysis to establish a fair price range. I also go a step further and visit other for sale properties in the area to for competition and how we can stand out from the crowd.

Time- How much time are you willing to put into selling on your own? Believe me it can be huge and its one of the most valuable resources that an agent can provide.

Unbiased Opinion– Most owners are too emotional about their home to be objective. Of course they are!  They have lived there, raised their kids, remodeled and have many memories. Someone wanting to buy your home has none of that and honestly does not care. It’s what is in it for them and if it fits their needs. This is one of the hardest thing a home-owner needs to do is emotionally remove themselves from their home. Stand back and look at it from stranger’s eyes. Not an easy task!

VIP– That’s how you will be treated by your agent and if not get another one!  No excuse… period.

Wisdom- A knowledgeable agent can offer the wisdom that comes with experience.

X Marks the spot– An agent is right there with you through the final signing of papers and can help you coordinate moving plus so many things you may have never thought about.

Zero-Hour Support– We are there to support you!

Earth Day Lets Celebrate

Earth Day

 

Earth Day is tomorrow April 22 and there are many things you can do that are great for the planet and are free or inexpensive for you. They will also help lower your energy bills, saving you money!

 

FREE LOW COST
Cut your shower each day by 2 minutes Switch your light bulbs to CFL’s
Turn off the faucet while brushing your teeth Purchase a programmable thermostat
Turn off lights when you are not in the room Lower your heat at night and while away at work
Carpool or take the bus to work 1 day a week Use reusable bags for grocery shopping
Recycle your food scraps in the yard waste (if available   in your area) or start your own compost bin When you can, try to shop and eat locally.
Pay all your bills online Replace your shower head with one that is low flow
Unplug appliances (coffee maker, toaster, printer etc)   when not in use. When buying new appliances, make sure thy are energy   efficient(not always low cost but it will save you money on your utility   bills)
Rather than drive walk to dinner at your local restaurant   (weather permitting of course) Purchase products that use minimal packaging
  Buy compostable trash bags for kitchen waste.
  Buy biodegradable products (cups, napkins, plates, etc)

Nylons?

This one is a bit of Beauty, Green tips and household all rolled into one. When you have fine particles and you need to strain them in a colander cut off a piece of old clean (of course) pantyhose (yes, pantyhose!) secure them over the bowl or cup to make a sieve, and flip it over to strain. I know it sounds weird but it works great!

Here’s one more nylon tip. If you run out of Swiffer pads use a pair of nylons! Preferably an old pair just cut them and put it over your swiffer pad. Works Great on the floors and really picks up the fuzz and dog hair! Or if you don’t have nylons around the house those chenille socks at the dollar store also work great!

National Open House Weekend is Here!

Snohomish County Open House Weekend

Snohomish County Open House Weekend

This weekend is the National Open House Weekend on Saturday April 20th and Sunday April 21st we are going to see buyers out in full force and with recent inventory reported in Snohomish County as extremely low I am sure it will be a very busy weekend!

I personally will be representing one of my favorite builders at a couple of gorgeous homes in South Everett right on the Mill Creek Border so if you’re looking for your dream home it’s just been listed!

This builder is also currently building a small community in Bothell if you are looking in the Bothell area come and see the model homes in Silver Lake and get more information on both developments.

Saturday from 2-4–  12315 31st Ave SE, Everett 98208.GetMediaCAH9H6ZC

Sunday 12-2 at the Bothell location of 17726 86th Ave NE, Bothell 98011  Chase Court 1

Neighborhood Of The Week

This quiet peaceful new neighborhood located off of Soper Hill Road in the Marysville city limits and in Lake Stevens School district is my pick of the week. Shasta Ridge residents enjoy a 1.5 acre park with full basketball court, play area, large NPGA, territorial views and located on a quiet dead end street.
I love the mix of town-homes with great size yards that started last year at $157K but sold so quickly that prices have jumped up drastically ending the final phase of 3 different style homes at 178K.
The high quality of Belmark service has just started the last phase of single family homes. These new homes have great size lots for new construction and they come with fully landscaped front and back yards!  With a bedroom/ den on the main the Adams floor plan, for example, is very open & spacious. 3bdrms, 2.5 bath’s, granite slab island & counters throughout (standard)! There will even be a few models larger with Daylight basements.
Currently these are priced at $254K and $257K and for a short time the builder will give 2% in a closing bonus! Interest rates just dropped again but prices are definitely on the rise. There are only 5 homes left so come take a look now while they are still available.
Give me a call or send me an email for you personal tour