February into March (and Spring)
As much as I love winter, snow and everything that goes with it,
l so love the optimism of moving towards March and Spring; the days are already noticeably longer, crocuses and other flowers are peaking out.
Like many people, bird watching and photography have been one of my pandemic outlets – both off the deck and in the Skagit.
I found this eagle on a snowy Valentine’s Day, and this Pileated Woodpecker and it’s mate visited the deck.
Of course, Watson continues to be a source of amusement – i
t’s good for me that he needs to run miles a day!
He has always been thin, and so I bundle him up with an undergarment and a shell, both by Ruffwear, my favorite company when dogs are concerned.
Click-here to see the recent news release put out by the Multiple Listing Service. If you are local to Seattle, you will see the Seattle Times publish their version of this towards the beginning of each month.
I like to wait a bit and get the rest of the statistics for the previous month, so I can present them all at once.
Pretty much same-as in real estate – while there have been a burst of new listings, they are still not enough to take care of all the buyer needs and provide a balanced market. Motivated, serious buyers are out there taking advantage of the low interest rates (there is a rumor they will be going up), and we are still hoping for more inventory.
Notice there are many more condominiums on the market than single family homes – the latter are flying off the market with multiple offers. One home I almost put an offer on for a client in the 800k range was a flip, had no permits, yet received over 10 offers and escalated over 100k. Buyers are hungry for single homes.
I have also been watching listings in the 1.5 – 2 million dollar range in the Greenlake and Wallingford neighborhoods as I have a running Comparative Market Analysis for a friend’s in the neighborhood. While many sellers are providing pre-inspections, a home across from Greenlake did not provide one, and had 11 pre-inspections (wow!). It also received over 10 offers. It will be interesting to see what it closes at.
Townhomes are coming on the market fast and furious over the last few months and are mostly new. Some are seeing longer days on the market with price drops. Compare this pending graph and sold graph to the previous. They seem to have gotten smaller and smaller, with no parking. I’m sure when the developers started building them, they did not for-see this market.
These charts, provided my my firm, go county-by-county.
These appreciation rates reflect the low inventory in Seattle, and show where people are buying outside of Seattle. Click-through here to see December, which is basically the year-end report.
Real-time links from the Northwest Multiple Listing Service data for Seattle show that we are still in a seller’s market, although there is a rise in new listings.
Trendgraphix – A great chart showing over a year’s worth of statistics.
More Links* Newsy Links – see what has been happening in real estate.
We Serve the Nation and the World – Relocation and Referrals
Who do you know that is interested in selling or buying a home? Referrals make up the bulk of my business and are not only a compliment but also much appreciated. Because of our national and international network within Coldwell Banker, I can help you, a friend or relative anywhere with their move! I will call and interview brokers to try to make sure they are the right fit.I also will partner with brokers in our network when listing property outside the greater Seattle and Eastside area, such as in the San Juan Islands and on the Olympic Peninsula.
“Andree did a wonderful job selling my condo in Edmonds. It was difficult to sell for many reasons, most notably a legal issue that the condo building was involved in. Andree was very persistent with marketing, open houses, and ultimately finding a way for the one buyer to proceed with a loan. She went beyond what a typical broker would do to make this deal go through. I felt that she was professional and courteous in all her interactions with all parties involved. She did an excellent job for me. I highly recommend her!”
Contact me for help in selling your existing home, or buying a new home!
Seller’s Booklet: andreehurley.coldwellbankerbain.com/sellersbook
Buyer’s Booklet: andreehurley.coldwellbankerbain.com/buyersbook
I have known Andree for more than 40 years as a friend. In recent years, she has sold 2 properties for me, and the results were excellent. Andree does her homework, is conscientious, and will go the extra mile and more to get a job done. I highly recommend her.