It’s that time again for your monthly newsletter. With your eye on the market, virtual experiences, important dates and a few more tidbits I hope you enjoy. Independence day is almost here and however this month is going to enfold lets roll with it and make some lemonade!
May was not as hot as 2018 but with summer here we are starting to heat up a bit! I have started to see a bit more listings come on the market and price points under $450k were faster to move as buyers are starting to pick up the pace. Homes under $400,000 your chances of competing with multiple offers was much higher. It has certainly helped all price points that interest rates have leveled and even dropped a bit.
We are up 1% May 2019 vs. May 2018
There were 2,426 available homes to come on the market +362 vs. April.
Down 5% May 2019 vs. May 2018
1962 units -109 vs. April
+0%!!! May 2019 vs. 2018
1660 units +223 than April
Snohomish County Active to pending 27 days vs. 18 a year ago. Down 8 days from last month. Homes prices over 450k seem to be taking up most of that time.
Median home price in Snohomish County 494,000 +0% last year. Down $1,000 from last month!
Bothell-$670,500 down 8% from last month.
Edmonds/Lynnwood -4% to $525,000.
Everett/Mukilteo -3% to $452,000. Snohomish/Monroe +4% to $465,000
Lake Stevens/Granite Falls + 10% to $449,000
Marysville +6% to $410,000
King County Median home prices are $661,000 that is down 2% over last year and up $22k from last month. Woodinville area Median price is $764,000. Last year they were over 800k. Definitely a leveling in our east Snohomish/King County area. Days on market 36 compared to 11 a year ago.
Happy New Year everyone! I hope 2019 is starting out, and will be, an amazing year for you and yours.
I am reaching out to you today to share some VERY exciting news. It has been wonderful to help so many families find homes, investment properties, save homes for those that needed it with my short sale and foreclosure knowledge and help others sell as they transition into something more comfortable for their changing lifestyle. I have been blessed by many of you referring me to your friends, family and colleagues. Thank you!
Life IS ever changing and because of the ever-changing nature of the real estate market, it’s imperative that my clients have the most up-to-date information available. My philosophy is that the market waits for nobody, and that’s why I pledge to go beyond the standard level of service even after your home has closed. I always want my clients to feel free, and comfortable, to contact me with questions, referrals for home repairs, or to just say hi!
With change in mind I am excited to announce that I have officially brought on an amazing, buyer’s specialist to assist me in providing the quality of service I want to give my clients and they deserve. Please help me in welcoming Britt Maltos to my team!
I am excited to partner with a Realtor who, like myself, is from Washington. I feel it gives us so much more knowledge of the neighborhoods we are helping families in. Britt grew up in Ballard and lives in Edmonds with her husband and kids. I grew up in Lynnwood and then the north Seattle area. My first apartment was in Ballard before moving to Redmond for many years and finally settling in the Everett/Snohomish area with my family.
I like to say we’re your local homegrown Real Estate team!
When you have Real Estate needs you want someone who knows the prospective area inside and out, someone who will not only find you the best property for your needs, but the best neighborhood as well. A team that can direct you to which loan product works best for you and knows of many that will save you money along the way. A team that now gives CASH back to our local community heroes (firefighters, EMS, law enforcement, teachers, healthcare, and military) when they buy or sell a home with us. A team that is qualified to help seniors with downsizing or lifestyle changes and providing a senior discount (new)!
That’s where we come in: We can provide you with information that will inform your real estate decisions. So, rest assured that as long as you’re in the market, we are committed to be your neighborhood specialists and more.
Even if you are not considering buying or selling a home now, if any of your friends, family or colleagues express an interest and would appreciate the level of service we provide please, feel free, to give out our contact information. We would be happy to chat with them and promise to take great care of them.
Thank you, It is so rewarding to help families make their real estate dreams come true.
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
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
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
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 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
I hope your week is a great one!
Jen Murrweiss | Remax Elite | 425-422-7243
Active Inventory
Prices are up 5% over last year same time July 2016 vs. July 2015
2141 brand new listings in July that is up 53 from last month. 2141 total active at the end of the month.
Pending Transactions
Up +3% July 2016 vs. July 2015
2079 units went pending last month that is 62 less however than June.
Sold Transactions
+9% July 2016 vs. July 2015.
1673 units +11 more than last month
Days on Market
Snohomish County Active to pending 25 days vs. 36 a year ago. Incredible!
Median home price in Snohomish County $387,000!!
Median home price in King County $523,000. Snohomish county is gaining however the gap between King and Snohomish is growing.
Months of inventory
If no additional homes would be put on the market, there would be no inventory left after 1.25 months in Snohomish County. In King County that figure is 1.2 months. A balanced “normal” market is 3-6 months. Buyers’ market more than 6 and Sellers less than 3 months.
Area price % growth based on last Quarter
Bothell + 14%, Edmonds/Lynnwood +5%. Everett/Mukilteo +11%
Snohomish/Monroe + 11%. Lake Stevens/Granite Falls/Arlington/Darrington +7 %. Marysville +7%
New Construction is included in these percentages.
July 2016 Market Characteristics:
LOCAL news
The historic residences in Seattle’s Discovery Park that will soon be on the market have mountain and water views. I loved this place when I was a kid and will definitely be touring these homes.
Soon you’ll be able to buy one of the historic homes in Discovery Park
Snapshot of Snohomish and King County
In order below: County, New listings, total active, pending sales, closed sales, Average Price, Median Price. month of inventory and same time last year inventory. Read the full information from the NWMLS.
| Snohomish | 1,083 | 1,918 | 1,237 | 686 | $341,735 | $315,000 | 2.80 | 3.50 |
| King | 2,518 | 3,536 | 2,788 | 1,688 | $487,745 | $390,000 | 2.09 | 2.46 |
MORTGAGE & FINANCE news
How to buy a home when you can’t afford one
There are down payment assistance programs in our state too. Just ask me and I can direct you to many that may help. Remember however there are guidelines and income requirements.
REAL ESTATE news
Paul McCartney’s childhood home up for auction [VIDEO]
Home automation comes of age. Yes were heading towards the “Jetsons” age.
FOR FUN
Meeting the World’s first luxury tiny house. I am not sure about these they look like a trailer to me. Thoughts?
Snohomish County Real Estate ~ Jenifer Murrweiss
Snohomish County Homes Real Estate Jenifer Murrweiss
Ever wonder who most of the home owners are? I don’t think I ever have wondered this questions but I was curious so I am sure others are too. Of course, I knew us Real Estate Agents would be in there but others surprised me a bit. However, after thinking more on what certain professions due and why some would need to own a home more than others these do make sense.
What do you think? Are there other professions that you think should have made the cut more that others? Let me know I would love to hear what you think.
TOP 9 PROFESSIONS who own homes, by percentage
Jen Murrweiss RE/MAX Elite 