It’s that time again for your monthly newsletter! Notice QR codes seem to be back? While I like QR codes and think they are handy I sure hope we all can “experience” some of the beautiful places the Pacific Northwest has to explore in person and soon!
KIRKLAND, Washington (February 6, 2020) – “All indicators point to a vigorous spring market,” suggested broker Dean Rebhuhn when reviewing just-released statistics from Northwest Multiple Listing Service. The report covering 23 counties shows pending sales outgained new listings, record-low inventory that’s down 33% from a year ago, and double-digit price increases.
This information above taken from the NWMLS is exactly what my team has been seeing! We just got a buyer under contract on a home and it was their third offer! Another buyer lost out to a “cash” offer and there were 14 other offers on the same property! Yet another buyer competed with 10 offers. Yes, it is making for a busy January and start to the spring selling season for the Snohomish County Homes Team!
Snohomish County Statistics as of January 2020
Active Inventory +11% January 2020 vs. January 2019. 1504 available homes came on the market that is up 673 from December.
Pending Transactions +13% January 2020 vs. January 2019/1727 units +458 vs. December
Sold Transactions +12%! January 2020 vs. 2019 /975 homes sold.
Days on Market Snohomish County Active to pending 47 days vs. 49 a year ago.
Median home price in Snohomish County 505,000 +7% last year. Up $21,000 from last month! Our months of inventory has gone up giving more choice for buyers but keeping it a sellers’ market. There is currently 1.43 months of inventory in Snohomish county which is up 12%. In King County there is currently 1.40 months.
Area price and % based on last month (includes new construction
Bothell-$659,000 -2% from last month.
Edmonds/Lynnwood $520,000 +14%.
Everett/Mukilteo $478,000 +11%.
Snohomish/Monroe $510,000 + 25%—– WOW!!
Lake Stevens/Granite Falls $459,995 +18%
Marysville $424,600 +13%
King County Median home prices are $610,000 +3% over last year but down $77k from last month! With an average day on market of 76 days. King County does have a slower percentage growth over last year and days on market is up plus the price point dropped quite a bit over the end of 2019. However, bouncing around monthly depending on inventory and will keep us hopping into 2020.
Here is a snapshot of statistics for all counties under the Northwest Multiple services.
Ready or not the holiday season is here and jam packed with so many exciting things to do! Enjoy all Snohomish county and our Puget Sound region has to offer. Our favorite family tradition is to head up to Leavenworth to see the lighting of the town it’s just magical and this year is the 53rd Annual 2019 Christmas lighting. If you have time check it out.
The Snohomish County Homes Team.
As Benjamin Franklin once said, an ounce of prevention is worth a pound of cure.
We know. The last thing you are thinking about at the summer barbecue is preparing for the stormy season. But it really is worth taking a look around your house during fair weather, because finding out you have a problem during inclement conditions is at best inconvenient and at worst very costly.
Check your rain gutters.
Clear them out and make sure they are in good working order to prevent damage to the roof or house.
Look at your roof.
If you see loose or damaged shingles, get them repaired. Look for tears and buckling on flashing. Check the chimney and look for damaged bricks, cap or cracked joints. Don’t forget the flashing there too.
Check indoors for signs of roof leaks.
Look for discoloration and peeling paint on ceilings and walls. Check in the attic for damp rafters.
Check the trees.
Trim back branches and cut sections that could fall in a rainstorm.
Check doors and windows.
Make sure there are properly insulated with weather stripping.
Look for water collecting at the base of the house.
Redirect water with trenches or drains.
Keep sandbags on hand.
if your area is prone to flooding, keep them filled and at the ready.
Check for erosion.
This is important if you live near a hillside. Shore them up if necessary.
Most importantly enjoy the fall and all the beauty it holds.
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.
So many great things going on in my business right now that I am excited for but first to close out 2018 and something very near and dear to my heart. Giving back on behalf of all my clients to Seattle Children’s Hospital.