Seattle Metro

Economic Forecasts & Trends Seattle Metro Quarterly Market Trends – Q1 2021 Q1 2021 signified a measurable shift in the real estate market. Demand since the first of the year has been brisk, proving Q1 2021 to be one of the most impactful times in market history! Interest rates remain historically low, helping to offset the cost of price appreciation. Rates and the lucrative tech-influenced job market have helped pending sales […]
Seattle Metro Seattle Metro Quarterly Market Trends – Q4 2020   The 2020 real estate market was a bright spot in the economy and the fourth quarter finished strong, with the median price up 6% complete year-over-year. Interest rates started the year just over 3.5% and ended the year under 3%! The long-term average rate is 7.9%, putting into perspective the massive advantage for homebuyers […]
Seattle Metro Seattle Metro Quarterly Market Trends – Q2 2020 The real estate market performed very well in the second quarter despite the changing and challenging environment due to the COVID-19 health crisis. Our industry has been considered essential and required to operate with strict protocols in place to help protect the safety of buyers, sellers, brokers, and service providers. The ability to still do business helped […]
Seattle Metro Seattle Metro Quarterly Market Trends – Q1 2020 As we head into the second quarter amid the COVID-19 outbreak, new real estate listings and transactions have slowed after a strong first quarter. What would typically be the seasonally brisk Spring Market has tempered in respect of the Stay Home, Stay Healthy order.   During this time, some sellers are still coming to market and […]
Buying Homes Seattle Metro Quarterly Market Trends – Q4 2019 In the fourth quarter of 2019, there were 6% fewer new listings that came to the market compared to the fourth quarter of 2018, but pending sales outpaced inventory levels with a 26% increase in sales activity. The trend of pending sales outpacing new listings rang true throughout all of 2019, which illustrates strong buyer demand. This […]
Buying Homes Seattle Metro 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% […]
Buying Homes Seattle Metro Quarterly Market Trends – Q2 2019 2019 provided a very healthy and more balanced spring market! Median price is even year-over-year at $750,000. 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 […]
Buying Homes Seattle Metro Quarterly Market Trends – Q1 2019 Months of inventory was reduced as we finished out the first quarter of 2019. Months of inventory is the amount of months it would take to sell out of homes if no new listings came to market. This illustrates the balance between supply and demand. We peaked at 2.5 months in November of 2018 and found […]
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Buying Homes Seattle Metro 3rd Quarter 2018 Market Trends Seattle Metro Quarterly Market Trends  In September, the average days on market landed at 23 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 […]
Buying Homes Seattle Metro 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 15% year-over-year. We […]
City Guides 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 […]
City Guides 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 […]
City Guides 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  […]
Economic Forecasts & Trends Seattle Metro 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 69% increase in new listings in March compared to February. That increase was followed by a 48% rise in pending sales, illustrating very strong demand for […]
Home Improvement Cost vs. Value I am commonly asked which improvements sellers should make to get the greatest return on their home sale. Every year The Remodeling 2018 Cost vs. Value Report ( compiles all the information and analyzes the estimated percentage return on home improvements in each region. Getting a home prepared for market requires a keen eye and […]
Buying Homes Commute Times, Price Premiums: The Value of Location, Location, Location Flickr Photo/SounderBruce (CC BY SA 2.0)/ It is the time of year when I like to re-cap the price premiums in our area based on commute times. The price divide continued in 2017 between key market areas in the Greater Seattle area based on proximity to major job centers. These pricing premiums have cemented the drive-to-qualify market. Seattle […]
Economic Forecasts & Trends Seattle Metro Quarterly Market Trends     Price growth was particularly strong in 2017! Median was up 15% and average price up 14% over 2016. Median price in 2017 landed at $710,000 and the average at $801,000. The average amount of days it took to sell a house in 2017 was 18 days, which is 10% faster than 2016. The […]
Buying Homes Seattle, What’s the Big Deal? The headlines are everywhere proclaiming Seattle as the hottest housing market in the nation. Our humble city built on aerospace, trade, and influenced by a software engineer who donates millions, has found itself on the national map as the new darling of the tech world. Of course, this proclamation cannot go without mentioning the commerce juggernaut […]