This meme pretty much sums it up. Call me for the best pricing strategy so you are not shut out of the market!
This meme pretty much sums it up. Call me for the best pricing strategy so you are not shut out of the market!
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.
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.
September 20, 2016| Snohomish County Homes INC.
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%.
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
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.
Up +3% July 2016 vs. July 2015
2079 units went pending last month that is 62 less however than June.
+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:
|MUST SEE! This Single Family Residence Is a Cozy Home That Sits On A Reasonably Sized 4356 Sq. Ft lot. This Property Situated At 11131 3rd Pl SE Is located In The city Of Everett. This Property Was Built In 1964, Offering 3 Bed, 1 Bath, With 924 Square Feet and 1 attached Car Garage.|
KIRKLAND, Washington (June 6, 2016) – Just as expected, the month of May had an uptick in new listings (12,272), but just as many buyers (12,275) made offers on homes during the month to keep inventory depleted, according to the latest figures from Northwest Multiple Listing Service.
“Inventory is being squeezed from all directions,” reported Frank Wilson, branch managing broker at John L. Scott in Poulsbo. He said the pool of house-hunters includes young first-time buyers, renters whose rents are escalating, buyers who are returning to the market after recovering from a foreclosure or short sale, investors, and baby boomers who are purchasing for their retirement needs. Additionally, in Kitsap County where his office is located, there are military families who are transferring to a base there and want to buy.
By month end, member brokers reported 15,198 active listings in the Northwest MLS database. That’s down more than 22 percent from a year ago when buyers could choose from an inventory of 19,515 listings across the 23 counties served by the listing service.
“The May housing market was not just hot, it was frenzy hot,” commented J. Lennox Scott, chairman and CEO of John L. Scott Real Estate. “Brokers are working like bees in a hive as the housing market creates a buzz of sales activity in the Seattle-Central Puget Sound area.” By his analysis, 80 percent of the homes coming on the market in King and Snohomish counties are selling within the first 30 days. “Many sell within the first week,” Scott reported, adding, “A healthy/normal market would have 30 percent selling in the first 30 days.”
MLS figures show there is only 1.76 months of supply system-wide. In both King and Snohomish counties, there is barely more than one month of supply – well below the 4-to-6 months that many experts use as an indicator of a balanced market.
“With less than two months of inventory, every new listing seems to draw multiple offers,” Wilson remarked. He also said homeowners who want to move up in this same market know they face a conundrum: “If we sell today, will we be able to buy tomorrow?”
Buyers are becoming more and more aggressive with offers and pricing, and that concerns some brokers, said Northwest MLS director George Moorhead. As the gap between pricing and value widens, some would-be buyers may overextend themselves. Also, appraisers are struggling with a lack of comparable sales versus multiple offers that escalate well beyond the listing price, said Moorhead, the designated broker at Bentley Properties. Since lenders base loans on appraised values, buyers will likely need to make up the shortfall.
Even though brokers say paltry inventory is limiting sales, the year-over-year volume of pending sales rose more than 7.4 percent last month. Members reported 12,275 mutually accepted offers, up from the year-ago total of 11,425. MLS data going back to 2004 shows that one-month total is the highest on record.
Prices also rose. The median price area-wide for last month’s 8,630 closed sales of single family homes and condominiums (combined) was $339,950. That’s up more than 7.2 percent from twelve months ago when purchasers paid $317,000 for the median-priced home. Ten counties reported double-digit price hikes.
In King County, the median price jumped more than 11.7 percent, from $434,000 to $485,000. Prices on single family homes surged nearly 16.5 percent, rising from $480,942 to $560,000. Condo prices were up 9 percent, but finding one proved challenging as inventory dropped 29 percent in King County.
Former MLS board member Ken Anderson, the president/owner of Coldwell Banker Evergreen Olympic Realty in Olympia, said last month set records for both pending and closed sales. “Low inventory coupled with the huge number of buyers has our market moving at a record pace,” according to his calculations. “Well-priced homes are selling in an average of just 12 days – a full month faster than the peak of the market in 2006,” he commented.
Brokers offer various suggestions to prospective buyers as they vie for scarce inventory:
Wilson and other brokers do not see an easing in the inventory crunch “for some time to come.” Even if the Fed raises interest rates, he believes shortages will persist because of the backlog of buyers.
Moorhead noted new home construction is also seeing prices soar as many of the defunct projects from 2008 to 2012 are being completed and built out. “Finding land for new home plats is forcing more teardowns and pushing builders/developers farther out where services are not as prevalent. He said first-time buyers tend to be hardest hit since they’re priced out of many close-in areas and must look at commute times of 45 minutes or more.
“There’s good news for luxury homebuyers,” Scott suggests. It’s prime time to showcase such properties, he explains, and “this is the season when more luxury inventory hits the market. The good selection in King County is easing the pressure for homebuyers in the luxury ($1 million and above) market. A search of the MLS database shows there are currently more than 900 listings in King County with asking prices of $1 million or more.
Northwest Multiple Listing Service, owned by its member real estate firms, is the largest full-service MLS in the Northwest. Its membership of nearly 2,100 member offices includes more than 25,000 real estate professionals. The organization, based in Kirkland, Wash., currently serves 23 counties in Washington state.
Happy Friday! I hope you enjoy this Real Estate round up of our area and other interesting articles plus some fun stuff too.
REAL ESTATE news
Real estate getting bubbly but unlikely to pop, Seattle “is on fire across every sector”
Number of million-dollar homes in Seattle area has tripled since 2012
U.S. existing home sales rise for a second straight month
MORTGAGE & FINANCE news
3 financial apps that will transform how you manage money
Will Millennials ever be able to retire?
The 7 biggest investment mistakes celebrities make
10 tips for budget-friendly lawn care
7 weird ways to stay cool this summer
Massive frozen food recall in Washington State
Seattle No. 3 on top 25 best cities to find great jobs
Seattle to host 2018 Special Olympics
Is Seattle a better bicycle city than Portland?
Seattle homes selling faster than anywhere else in the U.S.
Seattle growth was 11th fastest according to just released Census data, now 18th on list of biggest U.S. cities
Facebook unveils Frank Gehry design for its new South Lake Union offices
Snohomish County looking to increase bike tourism
Snohomish county offers top teacher salaries in the state
City of Edmonds to develop an affordable housing strategy by 2019
WEEKLY DOSE OF awesomeness
House made from cardboard for is not your kid’s refrigerator box
Have a spectacular weekend everyone!
What is it?
Homes for Heroes is a national program dedicated to providing extraordinary savings to heroes who provide extraordinary services to our community each and every day, when they buy or sell a home.
What are the savings?
Savings will depend on the sales price of the home. As an example, a $300,000 house would receive over $3,000 in credits and discounts from all the participating affiliates and vendors involved.
What does it cost me?
Nothing because it’s FREE. There is no cost to you. All costs are covered by your local participating vendors.
Can I buy any home and in any area?
Yes. This is not a government program with limitations or restrictions. This is the private sector giving back simply as our way to say Thank You for all that you do every day.
Are there any other benefits or savings after my transaction is done?
Yes. Through the “Friends of Heroes” Network participating vendors will offer discounts on various other services such as moving, storage, pest, lawn care, plumbing, electrical, cleaning and remodeling to name a few.
Are there a lot of extra applications, forms or some future obligation?
None. The Homes for Heroes Promise is:
No hidden fees No red tape No catch
How do I find out more?
Go to HOMESFORHEROES.COM or scan the QR code below on your smart phone. Let us know who you are and what you do. A local affiliate will contact you with no obligation.