South Snohomish County Quarterly Market Trends – Q3 2019

Increased pending activity is an indication of strong buyer demand which is very much being driven by historically low interest rates, a thriving job market, and an overall strong local economy. In fact, interest rates are an entire point lower than they were a year ago! This affords buyers a price point that is 10% higher over last year while maintaining the same monthly payment. A year ago, the monthly payment for a home at $550,000 is the same for a home at $605,000 today. Today’s rates coupled with tempered price appreciation provides increased affordability for buyers, which in turn is providing a healthy audience for sellers.  After many years of strong price increases, many sellers are moving their equity to the next lifestyle home they desire.

 

This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on October 17, 2019 at 9:19 pm
Jill Langer | Category: Buying Homes, Economic Forecasts & Trends, Edmonds, Everett, Lynnwood, Mill Creek, Mukilteo, Selling Homes, South Snohomish County

South Snohomish County Quarterly Market Trends – Q2 2019

2019 provided a very healthy and more balanced spring market! Median price is up 3% complete year-over-year and up 1% from last June. Prices have started to find their balance as more inventory has come to market compared to the scarcity of years past. While buyers have had more choices over the last year, it is still a seller’s market with just 1.5 months of inventory based on pending sales, resulting in an average of 21 days on market and 99% list-to-sale price ratio in June. Low interest rates continue to drive demand, however sellers who overprice or don’t address condition issues will linger on the market, which is illustrated by the 16% increase in carryover inventory year-over-year.

Our real estate market continues to be driven by low interest rates, positive job creation, and upbeat consumer sentiment. Currently, interest rates sit around 4% which is still an historical low, affording buyers the ability to make moves and reduce their debt service. Price appreciation has started to temper to more normal rates, compared to the double-digit appreciation we experienced over the last 3 years due to more sellers coming to market. This has created more balance and greater opportunity for buyers. The generational shift we are experiencing as Baby Boomers move towards retirement and Millennials enter into their prime earning years is an exciting exchange happening in the market place right now.

This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on July 17, 2019 at 7:52 pm
Jill Langer | Category: Buying Homes, Economic Forecasts & Trends, Edmonds, Lynnwood, Mill Creek, Mukilteo, Selling Homes, South Snohomish County

South Snohomish County 3rd Quarter 2018 Market Trends

South Snohomish County Quarterly Market Trends 

In September, the average days on market landed at 27 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month price growth to a more sustainable level. Back in April, the average days on market was 14 days and the original list-to-sale price ratio 104%; but months of inventory based on pending sales was 0.8 months, compared to 2.5 months currently. Year-over-year, prices are up 11%, still well above the historical norm of 3%-5% year-over-year gains—but note that the majority of this growth happened during the spring, due to constricted inventory levels. 

Supply has increased, creating more options for buyers and helping to buffer affordability issues. Many sellers are deciding to make moves and cash in on the equity gained over the last six years. An average original list-to-sale price ratio of 98% is a positive return, yet illustrates a softening in the market after some very extreme times. With 11% price growth over the last 12-months in a seller’s favor, the increase in selection has led to more nimble moves from one house to another. Where sellers need to be careful is anticipating the month-over-month price growth we saw prior to the shift in inventory. Prospective buyers would be smart to take advantage of today’s historically low interest rates and the added inventory selection. 

This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on October 24, 2018 at 7:31 pm
Jill Langer | Category: Buying Homes, Economic Forecasts & Trends, Edmonds, Everett, Lynnwood, Mill Creek, Mukilteo, Selling Homes, South Snohomish County

South Snohomish County Qtr 2 Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 13% year-over-year. We currently sit at 1.3 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 11 days and the average list-to-sale price ratio was 102%.   

South Snohomish County real estate has been an affordable option compared to “in-city” real estate. In fact, the median price in June was 41% higher in Seattle Metro. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth. 

This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you. 

Posted on July 19, 2018 at 4:19 am
Jill Langer | Category: Buying Homes, Economic Forecasts & Trends, Edmonds, Everett, Lynnwood, Mill Creek, Mukilteo, Selling Homes, South Snohomish County

Where to Watch Fireworks This July 4th

 

 

Bellevue – Downtown Park 10:05 p.m. 

Des Moines – Marina 10:20 p.m. 

Edmonds – Civic Stadium 10 p.m. 

Everett – Port Gardner Bay 10:20 p.m. 

Federal Way – Celebration Park 10:15 p.m. 

Kent – Lake Meridian Park 10 p.m. 

Kenmore – Log Boom Park 10:00 p. m. 

Kirkland – Marina Park 10:15 p.m. 

Lakewood – Joint Base Lewis-McChord 10 p.m. 

Newcastle – Lake Boren Park 10 p.m. 

Renton – Coulon Park 10 p.m. 

SeaTac – Angle Lake Park 10 p.m. 

Seattle – Lake Union 10:20 p.m. BIG! 

Tacoma – Ruston Way 10:10 p.m. BIG! 

Tukwila – Fort Dent Park 10 p.m. 

 

Posted on June 7, 2018 at 5:10 pm
Jill Langer | Category: City Guides, Community, Eastside, Edmonds, Events, Everett, Kenmore, Seattle Metro, South Snohomish County

Outdoor Movie Schedule – Summer 2018

 

 

South Snohomish 

Arlington’s Old Time Movies  

Terrace Park 

7/6 Star Wars: The Last Jedi (at the Airport Fly In) 

7/12 Early Man 

7/19 Peter Rabbit 

  

Edmond’s Outdoor Movie Night 

Frances Anderson Center Field 

7/27 Moana 

8/3 Wonder 

  

Everett’s Cinema Under the Stars 

Thornton Sullivan Park, Camp Patterson Field 

7/20 Early Man 

7/27 Coco 

8/3 Wonder 

8/10 Moana 

8/17 Guardians of the Galaxy Vol 2 

  

Marysville Popcorn in the Park 

Jennings Park, Lioins Centennial Pavilion 

7/14 Despicable Me 3 

7/21Jumanji 

7/28Cars 3  

8/4Wonder Woman  

8/11Star Wars: The Last Jedi  

  

  

  

Sundquist Family Movies in the Park 

Willis Tucker Park 

7/12 Jumanji 

7/19 Ferdinand 

7/26The Greatest Showman  

8/2 Coco 

8/9 Wonder 

8/16 Beauty and the Beast 

  

 Eastside 

Bellevue Movies in the Park 

Downtown Park 

7/10    Despicable Me 3 

7/17   Boss Baby  

7/24The Lego Ninjago Movie  

7/31 Goodbye Christopher Robin 

8/7 Paddington 2 

8/14 The Greatest Showman 

8/21 Ferdinand 

8/28 Ghostbusters 

  

Crossroads Movies in the Park 

Crossroads Park 

8/2 TBD 

8/9 TBD 

8/16 TBD 

8/23 TBD 

  

Carillon Point Outdoor Movies 

Carillon Point Plaza 

7/7 Despicable Me 3 

7/21 The Wedding Singer 

8/4 Jumanji 

8/18 Star Wars: The Last Jedi 

  

  

Movies at Marymoor  

Marymoor Park 

6/28 The Goonies 

7/5 Wonder Woman 

7/11 Jumanji 

7/18 Coco 

7/25 The Greatest Showman 

8/2 10 Things I Hate About You 

8/8 Thor: Ragnarok 

8/15 Ferdinand 

8/22Black Panther 

8/29The Princess Bride 

   

Seattle Area 

Bite of Seattle 

Seattle Center Mural Amphitheatre 

7/20 A League of Their Own 

  

Cinema under the Stars 

Columbia Park 

7/14 Best of the Children’s International Film Festival 

8/18 Coco 

  

Movies at the Marina 

Shilshole Bay Marina 

8/3 Overboard 

8/17 Moana 

  

Movies at the Mural 

Seattle Center Mural Amphitheatre 

7/28 The Princess Bride 

8/4 Get Out 

8/11  Little Shop of Horrors 

8/18 I am Not Your Negro 

8/25 Wonder Woman 

  

Seattle Outdoor Cinema 

South Lake Union Discovery Center 

6/16 The Goonies 

7/21 Jurassic Park 

8/25 Black Panther 

  

West Seattle Outdoor Movies 

Fauntleroy Triangle 

7/21 Wonder Woman 

7/28 The Secret Life of Pets 

8/4 Star Wars: The Last Jedi 

8/11 A Wrinkle in Time 

8/18Coco  

8/25Black Panther 

 

 

 

*Check websites for start times, pre-movie activities and to make sure your favorite movie hasn’t been canceled or changed!  

Posted on June 7, 2018 at 4:54 pm
Jill Langer | Category: City Guides, Community, Eastside, Edmonds, Events, Everett, North King County, Seattle Metro, South Snohomish County

Local Splash Parks

 South Snohomish 

Daleway Park 

19015 64th Ave W, Lynnwood WA 98036 

 

Edmonds City Park 

600 3rd Ave S, Edmonds WA 98020 

 

 North Lynnwood Park 

18510 44th Ave W, Lynnwood WA 98037 

 

Rotary Centennial Water Playground 

802 E Mukilteo Blvd, Everett WA 98203 

 

Willis D. Tucker Park 

6705 Puget Park Drive, Snohomish WA 98296 

 

Seattle 

Georgetown Playfield 

750 S Home St, Seattle WA 98108 

 

Northacres Park 

12718 1st Ave NE, Seattle WA 98125 

 

Pratt Park 

1800 S Main St, Seattle WA 98144 

 

Eastside 

Crossroads Water Spray Playground 

999 164th Ave NE, Bellevue WA 98008 

 

Grass Lawn Park 

7031 148th Ave NE, Redmond WA 98052 

 

Sammamish Commons 

801 228th Ave SE, Sammamish WA 98074 

Posted on June 7, 2018 at 4:46 pm
Jill Langer | Category: City Guides, Community, Eastside, Edmonds, Everett, Lynnwood, North King County, Seattle Metro, South Snohomish County

South Snohomish County Quarterly Market Trends

It is the time of year when our market starts to take off. Spring is here and we are starting to see seasonal increases in inventory. In fact, there was a 47% increase in new listings in March compared to February. That increase was matched by a 48% rise in pending sales, illustrating very strong demand for housing in your area. Last month, the average list-to-sale price ratio (the amount the sale price topped the list price) was 103%, indicating that multiple offers were the norm. We ended the quarter with 0.5 months of inventory – the lowest level yet. More inventory would be absorbed by happy buyers looking for more selection and would help temper price growth, which is up 15% year-over-year.

South Snohomish County real estate has been a hot spot due to reasonable commute times and overall affordability compared to “in-city” real estate. In fact, the median price in March was 47% higher in Seattle Metro. Sellers are enjoying amazing returns due to this phenomenon, and buyers are securing mortgages with minor debt service due to low interest rates. This is a very strong seller’s market, but buyers who are securing a home are already enjoying appreciation in equity.

This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on April 29, 2018 at 9:35 pm
Jill Langer | Category: Economic Forecasts & Trends, Edmonds, Everett, Lynnwood, Mill Creek, Mukilteo, South Snohomish County

Edmonds

Welcome to Edmonds!

Treasured for its small-town feel and its gorgeous waterfront views, Edmonds is top choice for locals whether they’re deciding where to live or simply where to spend a Saturday! Brimming with beautiful beaches, fantastic independently owned businesses, a thriving arts scene, excellent schools and much more, this charming city offers beautiful outdoor amenities alongside city conveniences.

In Edmonds, the community loves coming together for events throughout the year, whether it’s the Fourth of July Parade or the Edmonds Arts Festival. There’s something for everyone, and kids and adults alike will find plenty to do. Playing on the beach, browsing shops in the downtown area, taking the ferry for a scenic ride, exploring the natural wildlife, and grabbing happy hour at a cute cafe are just a few of the many things to do in this beautiful Pacific Northwest city!

For those interested in finding a home in Edmonds, you can expect a wide range of real estate to choose from. Water views are highly desired, and you can find everything from 1-bedroom condos to large luxury waterfront homes. Discover fabulous mid-century gems and vintage charmers alongside more contemporary residences and new construction!


Getting Out & About

“Part of the charm of Edmonds is the many family-owned and operated shops, like Comstock Jewelers. From father to son, and now to grandson, the secret ingredient to their loyal following is their excellent care, customer service and great value. The Wooden Spoon is another long time family-run shop, with everything under the sun for your kitchen! Housewares and the Papery are also great shops.” – REALTOR® Barbara Clark

“I’ve grown up WITH Edmonds. I love how some things have not changed (the small-town feel) and how some things have gotten better with time (shops and restaurants). I love that I can still walk past my first grade classroom at my elementary school during the Art’s Festival! I love how people are still courteous, smile, and wave when you stop to let them cross the street.” REALTOR® Barbara Clark

“We have found Edmonds—and particularly the Bowl—is a great environment in which to create family memories. We have popcorn Fridays where we walk the neighborhoods with home-popped popcorn, walk to the farmers market downtown for produce and fresh donuts, walk on the ferry for lunch or a summer concert in Kingston, go squidding on the pier, or head to Yost Park or Klahaya (both have outdoor pools in the summer). And Harbor Square is one of the best athletic clubs in the state (according to my PT client).” -REALTOR® Casey Bui

“If we have our preschooler in tow, one of our favorite restaurants is Anthony’s Beach Cafe, where during warmer months children can play for hours on end in the sandpit facing the marina, adjacent to the outdoor dining patio, while parents enjoy uninterrupted conversation. On wet or cooler days, Demetris Woodstone Taverna is a hit for their kiddie play area (tucked away in the corner) and diverse menu offerings. And last but not least, Kafe Neo on Hwy 99 offers the best local Greek food for takeout or sit-down.” -REALTOR® Claudette Meyer

“So many great resturants, breweries and pubs, even a wine bar. Love to take a walk at sunset to watch the sky and mountains change color… and stop for a frozen yogurt at Revelations on my way home.” -REALTOR® Melody Benton

“Seasonally, there is something for everyone! From the Fourth of July Parade and the Beat Brackett 5K run to the Christmas Tree Lighting Ceremony. [You can enjoy the] Saturday Market and walking the beaches, too.” -REALTOR® Barbara Clark

“Our favorite place to shop is PCC. We paid a one-time co-op fee, and use the 10% off member coupon to do our monthly grocery shopping. The staff are always friendly, knowledgeable and helpful, and we appreciate that PCC has high-quality food standards and supports local & sustainable agriculture.” –REALTOR® Claudette Meyer Mitts


Commuting from Edmonds

“Downtown Edmonds is very walkable! With all of the shops, restaurants, parks and beaches, there’s plenty of places to go and things to see. If riding is more your style, check out Edmonds Segway for a different type of tour. When in Edmonds, take a ferry!” -REALTOR® Melody Benton

“It’s a great city to walk or bike around! There are also ample bus routes.” -REALTOR® Ginna Demme

“Drive to town, then park and walk! Everything is conveniently centered around the fountain!” – REALTOR® Barbara Clark


 Homes in Edmonds

“[People can expect to find] a wide variety [of homes in Edmonds]! Most neighborhoods have a mix ranging from mid-century, traditional to contemporary and a few vintage charmers are tucked in. Water views are highly desired and can be readily found in the Bowl and along the coast. Condos are plentiful as well.” – REALTOR® Barbara Clark

“Edmonds has it all, from small 1-bedroom condos to beautiful waterfront homes. Many people who target Edmonds in a home search are looking for a view home, and we have plenty of those.” -REALTOR® Melody Benton

“[In Edmonds you can find] lots of 1-story homes with basements west of 99, ramblers, and new construction mixed in. [There are a] few “sub division” like developments. Walkable streets. Sidewalks. Lots of condos, particularly in the Bowl, and of course your 7-figure stuff as appropriate.” -REALTOR® Casey Bui

“[Edmonds offers lots of] view homes, mid century, some classic and new construction, and homes with basements built in the slope and lots of condos.” – Designated Broker & Windermere North Owner Lena Wood Maul


Want to learn more about living in Edmonds? 

Keep exploring on our blog:

 

 

Posted on May 16, 2017 at 6:07 pm
Jill Langer | Category: City Guides, Edmonds