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%

Real Estate news you can use!

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

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

MORTGAGE & FINANCE news

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

HOME trends

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

LOCAL news

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

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

WEEKLY DOSE OF awesomeness

Happy 100th Birthday U.S. National Parks

 

 I hope your week is a great one! 

Jen Murrweiss | Remax Elite | 425-422-7243

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Homes for Heroes~ Real Estate savings


Homes for HeroesPicture of who is elgible

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.

My Homes Heroes

 

Home services a Realtor’s referral list.

Under construction REFERRAL RECOMMENDATIONS FOR CLIENTS

An inspector I use, and highly regard, composed this list on tradesman he has used and trusts. If you click on the below link it will bring you a “tool box” in alphabetical order of almost every type of service, you could need in the Puget Sound area. Click here

Below are some that I (with the *) have used, recommendations from other agents and our area neighborhood recommendations.

General Contractors Handy Man 

  1. *RM Landscaping and Renovation – Roland 206-818-5078. Small or large projects. Fences, decks, lawn care, lighting, roofs, waterfalls, ponds, concrete driveways, retaining walls and more.
  2. *We Honey Do.com http://www.wehoneydo.com
  3. Justin Powell (GA Powell construction) 425-356-9022. gapowellconstruction.com
  4. Classic Remodeling NW, INC- Ward Hampson- 425-224-2004; cell-425-530-6818 http://www.classic remodelingnw.com; info@classicremodelingnw.com
  5. mrhandyman.com; 1-877-MRHANDYMAN (674-2639)
  6. Jim’ll Fix It- Handyman- 425-220-3749. http://www.jimllfixit.info/
  7. G-Versitile construction.Gymie Kelly 425-422-2101
  8. Jerry Green @ Image Fence 425-343-6604
  9. Josh Ross contractor/painter who likes to take on small remodels projects! Rosscontracting@zoho.com 206-225-1616

Gutters

  1. *The Gutter Guys- Steven Alley; 206-595-0771; stevencalley@comcast.net

Plumbing/Heating 

  1. *First Response Heating and air solutions 206-643-1525
  2. Solution Plumbing & Heating. Ryan Hurd 425-231-8599 solutionplumbingheating.com
  3. 411 Plumber Ambrose Herrera 206-229-4225
  4. Kings Heating – 206-361-1818
  5. Hamblen & Sons Heating Office: 360-658-0124 Mobile: 425-501-0123
  6. *CM Heating- furnaces, heat pumps, air conditioning, fireplaces (chimney sweep)

Landscaping

  1. *RM Landscaping and Renovation – Roland 206-818-5078. Fences, decks, lawn care, lighting, waterfalls, ponds, concrete driveways, retaining walls and more.
  2. King Landscaping 206-856-1267
  3. Lawn aerating-thatching Stewart Armour @ 206-214-5595 aerating-thatching.com/aeration.com

 Carpet Cleaning

  1. *Patrick Kelley Kelley’s Cleaning & Restoration http://www.kelleyclean.com/ 425-303-8294

Crawl Space

  1. *American Crawlspace- Brian 206-795-5844 or 425-308-1888

Carpentry work

  1. *Stuart Ross 425-268-2299

Kitchen/bathroom cabinets

  1. * Jim – architecturalcabinets.com 425-501-3642- Custom made and great prices!

House Cleaning Service

  1. *Jessica Shields 425-346-0485
  2. *King & Queen Cleaning and household services kingandqueencleaning.com 425-954-3337
  3. Alpine Cleaning http://www.alpineclean.com/

Pest Control

  1. *AA Advantage Pest Control- Stephen Gillis – 360-658-8811- aadvantagepest.com
  2. Eagle pest eliminators 425-398-7365 eaglepesteliminators.com

Electrician

  1. Dad’z Electric in Mukilteo (425) 493-1541
  2. Left Coast Electric 360-920-8484 Toby Foulke
  3. Renfro electric. 425-923-5088

Garage Doors

  1. *Allphase garage doors too. Kevin 360 651 7830

Security Systems

  1. *Jimmie Beam 206-261-1903. Jbeem@freedomsystemsinc.com

Septic

  1. Tri County Septic monitoring & septic services 360-659-7077

ORGANIZATION

  1. Top Shelf Organizing. Jill 425 283 9265 topshelforg.com

 ROOFING

  1. Davison Roofing Inc. 425-344-6151
  2. *Always Roofing in Snohomish info@allwaysroofing.com 425-345-5863

 TREE TRIMMER

  1. All in 1 Tree Service 347.7253
  2. Evergreen Tree Care 800-684-TREE (8733)

Windows and glass replacement and insulation

  1. *Superior Weatherizationjayaskus@yahoo.com 425-350-1194
  2. Washington Energy Services washingtonenergy.com 800-398-4663

 

Have someone you would recommend to a friend? Let me know I am always looking for great people to recommend. As I love to recommend great people and services please remember me for your Real Estate needs or those of your friends and family.

I am never too busy for your referrals!

 

Jenifer Murrweiss               REMAX Elite Realtor Consultant                           425-422-7243

snohomishcountyhomes@hotmail.com

Monday’s Real Estate Update

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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?

What the inspectors have to say….Tuesday’s Tips

ratI seriously hang out with inspectors too much. I personally have been a homeowner for 15 years and before I became a Realtor I had no idea the extent of maintenance you should do or, what you should watch out for. I have seen rat infestations in crawl spaces so bad that the entire crawl space is a bio hazard and the home owners never even knew.  When I am attending an inspection for one of my buyers I always hold my breath as they go in the attic, up on the roof or in the crawl space. These are the biggest areas of concern I see as “deal killers” if not maintained. Home owners don’t realize just a small hole, trees, branches or any kinds of greenery to close to the house and there could be something either in your crawl space or scaling up to your attic for a big party.

Gross huh? Not just rats but raccoons, opossums, mice, squirrels or one inspector told me the worst he has seen is a house down in the Edmonds waterfront area. A seal had her pups in the crawl space and was bringing fish to them making herself quite a home down there. Thankfully I was not at that one but could just imagine his face going down there with that smell and then seeing a mom with her babies. No wonder he said he practically flew out of there.

I am not trying to make this Tuesday’s Tips about crawl spaces but maintenance in general.  So, like I said, I hang with inspectors a lot and I love following them around and learning on what to look for and what is required. It helps me to be a better Realtor to my buyers and sellers who are depending on me to give them good advice. I have attached a link to one of the great inspectors I have used that enjoy providing me, and, anyone else with good solid information on home maintenance. Take a look  from water problems, to energy savings, LP siding, links to a huge library of home maintenance tips and teaching videos. I trust the inspectors I use. They specialize in the Northwest area and they know what affects our homes in our climate.  If you own a home, are a new home owner or looking to own your first home its always great to educate yourself and keep everything running in the home smoothly!

And remember…

Just say “no” to rats!! rat

http://www.snohomishcountyhomesinc.com

 

You just bought a $300,000 house so how much interest do you pay?

Saving MortgageSaving MortgageSaving Mortgage

You have finally closed on your new home and with great rates and a beautiful home you can now relax all the hard work is over right? Not exactly. So get settled in and get use to a mortgage payment then, after a few months take a look on how you can get that mortgage down a bit faster.

Either right away, or in the future, there is a better way to pay that 30 year mortgage down quicker and build your equity faster.  Here is a current payment schedule based on a approximate 4 1/8% rate. As you can see the first few years you are paying an astronomic amount in interest. Just think of what just one extra payment a year could do for you.

Here is a link to a great site I give to my buyers and sellers. While I am not a mortgage broker (I work with some great ones) I do believe all of us Realtors should provide better tools  to our clients and be informed. After all, a home buyer, or seller, who understands the process is more comfortable with their home and their purchase.

Not only does this site have mortgage calculators. Check it out  there is every kind of financial calculator you can think of. It actually is a bit addicting so have fun with it!

Payment schedule

Year

Total
Payments
Principal
Paid
Interest
Paid
Ending
Principal
Balance
$300,000.00
1 $17,395.20 $5,192.05 $12,203.15 $294,807.95
2 $17,395.20 $5,408.99 $11,986.21 $289,398.96
3 $17,395.20 $5,634.96 $11,760.24 $283,764.00
4 $17,395.20 $5,870.37 $11,524.83 $277,893.63
5 $17,395.20 $6,115.61 $11,279.59 $271,778.02
6 $17,395.20 $6,371.14 $11,024.06 $265,406.88
7 $17,395.20 $6,637.34 $10,757.86 $258,769.54
8 $17,395.20 $6,914.62 $10,480.58 $251,854.92
9 $17,395.20 $7,203.53 $10,191.67 $244,651.39
10 $17,395.20 $7,504.47 $9,890.73 $237,146.92
11 $17,395.20 $7,818.00 $9,577.20 $229,328.92
12 $17,395.20 $8,144.63 $9,250.57 $221,184.29
13 $17,395.20 $8,484.91 $8,910.29 $212,699.38
14 $17,395.20 $8,839.40 $8,555.80 $203,859.98
15 $17,395.20 $9,208.70 $8,186.50 $194,651.28
16 $17,395.20 $9,593.44 $7,801.76 $185,057.84
17 $17,395.20 $9,994.27 $7,400.93 $175,063.57
18 $17,395.20 $10,411.80 $6,983.40 $164,651.77
19 $17,395.20 $10,846.79 $6,548.41 $153,804.98
20 $17,395.20 $11,299.97 $6,095.23 $142,505.01
21 $17,395.20 $11,772.08 $5,623.12 $130,732.93
22 $17,395.20 $12,263.90 $5,131.30 $118,469.03
23 $17,395.20 $12,776.27 $4,618.93 $105,692.76
24 $17,395.20 $13,310.07 $4,085.13 $92,382.69
25 $17,395.20 $13,866.14 $3,529.06 $78,516.55
26 $17,395.20 $14,445.46 $2,949.74 $64,071.09
27 $17,395.20 $15,049.00 $2,346.20 $49,022.09
28 $17,395.20 $15,677.73 $1,717.47 $33,344.36
29 $17,395.20 $16,332.74 $1,062.46 $17,011.62
30 $17,391.71 $17,011.62 $380.09

$0.00

#snohomishcountyrealestate  #mortgagecalculators


Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

National Real Estate News

Posted: 24 Jul 2014 09:31 AM PDT

The new home sales report for June – combined with the downward revisions for previous months – was very weak.

The Census Bureau reported that new home sales this year, through June, were 225,000, Not seasonally adjusted (NSA). That is down 4.3% from 235,000 during the first half of 2013 (NSA).

Maybe sales will move sideways for a little longer, but remember early 2013 was a difficult comparison period. Annual sales in 2013 were up 16.3% from 2012, but sales in the first four months of 2013 were up 26% from the same period in 2012!

New Home Sales 2013 2014

Click on graph for larger image.

This graph shows new home sales for 2013 and 2014 by month (Seasonally Adjusted Annual Rate).

The comparisons to last year will be a little easier in Q3, and I still expect to see year-over-year growth later this year.

And here is another update to the “distressing gap” graph that I first started posting several years ago to show the emerging gap caused by distressed sales.  Now I’m looking for the gap to close over the next few years.

Distressing Gap

The “distressing gap” graph shows existing home sales (left axis) and new home sales (right axis) through June 2014. This graph starts in 1994, but the relationship has been fairly steady back to the ’60s.

Following the housing bubble and bust, the “distressing gap” appeared mostly because of distressed sales.

I expect existing home sales to decline or move sideways (distressed sales will slowly decline and be partially offset by more conventional / equity sales).  And I expect this gap to slowly close, mostly from an increase in new home sales.

Note: Existing home sales are counted when transactions are closed, and new home sales are counted when contracts are signed. So the timing of sales is different.

 
New Home Sales decrease to 406,000 Annual Rate in June

Posted: 24 Jul 2014 07:13 AM PDT

The Census Bureau reports New Home Sales in June were at a seasonally adjusted annual rate (SAAR) of 406 thousand.

May sales were revised down from 504 thousand to 442 thousand, and April sales were revised down from 425 thousand to 408 thousand.

Sales of new single-family houses in June 2014 were at a seasonally adjusted annual rate of 406,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.1 percent below the revised May rate of 442,000 and is 11.5 percent below the June 2013 estimate of 459,000.

New Home Sales

Click on graph for larger image.

The first graph shows New Home Sales vs. recessions since 1963. The dashed line is the current sales rate.

Even with the increase in sales over the previous two years, new home sales are still close to the bottom for previous recessions.

The second graph shows New Home Months of Supply.

New Home Sales, Months of Supply

The months of supply increased in June to 5.8 months from 5.2 months in May.

The all time record was 12.1 months of supply in January 2009.

This is now in the normal range (less than 6 months supply is normal).

“The seasonally adjusted estimate of new houses for sale at the end of June was 197,000. This represents a supply of 5.8 months at the current sales rate.”

New Home Sales, Inventory

On inventory, according to the Census Bureau:

“A house is considered for sale when a permit to build has been issued in permit-issuing places or work has begun on the footings or foundation in nonpermit areas and a sales contract has not been signed nor a deposit accepted.”

Starting in 1973 the Census Bureau broke this down into three categories: Not Started, Under Construction, and Completed.

The third graph shows the three categories of inventory starting in 1973.

The inventory of completed homes for sale is still low, and the combined total of completed and under construction is also low.

New Home Sales, NSA

The last graph shows sales NSA (monthly sales, not seasonally adjusted annual rate).

In June 2014 (red column), 38 thousand new homes were sold (NSA). Last year 43 thousand homes were also sold in June. The high for June was 115 thousand in 2005, and the low for June was 28 thousand in 2010 and 2011.

This was well below expectations of 475,000 sales in June, and sales were down 11.5% year-over-year.

#nationalrealestatenews  #snohomishcountyhomesrealestate
Information obtained from http://www.calculatedriskblog.com

 

 

 
 

WEEKLY DOSE OF Real Estate Awesomness

MORTGAGE & FINANCE news

7 steps to help you navigate the mortgage process

5 tips for unmarried couples buying a house together

 5 tips to help you win a bidding war for your new home

REAL ESTATE news

 Seattle-Bellevue-Everett Metro area 3rd fastest-moving housing market in U.S.

 Home Tips

So you boldly painted a wall a vibrant red. Now what?

 5 ways to turn that drab deck into a relaxing summer oasis

 Tips for cutting down waste while entertaining this summer

 Water conservation tips for Seattle and all Puget Sound homeowners

Just for fun! Take a look at this Everett Home listed for Sale.

What a view of the Cascades and the entire Snohomish Valley!  Can you imagine waking up each morning and having coffee on the deck to this? Its one of the very many scenic views our community offers and is the reason I call this area home.

 View6

 #snohomishcountyrealestate

#snohomishcountyhomesforsale

Friday’s Quick Real Estate Tips

 

Quickly calculate if your home was a good investment

Top 10 things you need to know when buying a house

Short and Sweet Real Estate News

Buyers hope to make their offer stand apart with personal appeals to sellers

7 things buyers love and seller’s fail to mention

 

And just for fun do you know its the Great American Backyard Campout this weekend? If its not raining this weekend try it and have some fun!