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Over 37% Of Seattle Area Homes Take a Price Drop In Past 30 Days
In King County the number of homes for sale surged up 66% in the past year — and 86 percent just in the city of Seattle — the biggest rise in more than a decade.
Meanwhile, the share of homes with price drops has been posting year-over-year gains consistently since late March. Currently in just the past 30 days starting with September the 26th, 37.2% of Seattle area homes taken a price drop totaling the largest percentage in more than a decade for this statistic as well.
Note: “We define a price drop as a listing price reduction of more than 1 percent and less than 50 percent.”
After years of strong price growth and intense competition for homes, buyers are taking advantage
…Is the pace of existing home sales expected to decline slightly by the end of 2018, despite population and economic growth, lower unemployment, and modest wage gains? Is the Declining affordability the issue? Take a look....
Is a recession looming? It’s an important question because the U.S. economy has been experiencing one of the longest expansions ever. There were two recessions in the 1080s, one in the 1990s, and two in the 2000s. Since 2010, there have been none.
Every recession has a trigger. In the 1970s, it was energy price shocks. Could that happen today? Probably not, because the U.S. is now the worlds biggest oil producer. One potential trigger could be an unsustainable rise in borrowing. But the fact is consumer debt has only risen about
…Take a look! Over 80k in upgrades including a Presidential composition roof , a kitchen remodel & newly refinished hardwoods! Can you say curb appeal? Inviting entryway with an elegant formal & living room combo. Soaring ceilings rise to the open landing. Chef’s kitchen, with brand new appliances, a large center island & freshly painted cabinetry, is sure to please. Plenty of room to eat at the island or you can dine in the sun filled nook. Wrap yourself in pure comfort as the gas fireplace adds a touch of ambiance in the family room. In addition, there are built-ins and large windows for terrific natural light. Supersized master suite w/ a spa- inspired master bathroom & a large walk-
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Welcome home to Audubon Park- one of the most desired locations on the Plateau. Lovely exterior with river rock. Welcoming patio with meticulously cared for landscaping. Inviting entryway with cathedral ceilings. Entertain in the formal living room with picture windows & a see thru fireplace to the family room. The private detached formal dining room makes entertaining a breeze. Spacious kitchen makes preparing meals enjoyable. Cuddle up on the couch with a good book in the family room all by being warmed by the see-thru fireplace. Relax at the end of the day in the private master suite with a spa- inspired master bathroom. The large bonus room is a great space for a media room. 2
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10 tips for guiding sellers through the choppy waters of a market correction
https://www.inman.com/2018/09/19/are-your-sellers-ready-for-a-buyers-market/
Carl Medford, REALTOR, CRS
This year’s market is not the same as it was last year at this time. Here in the Greater Seattle Area, a region renowned for extreme inventory shortages, short days on the market, multiple offers and contracts way over asking price, everything has suddenly changed.
Everything, that is, except seller expectations.
How do you manage clients when the market suddenly develops into something they had not anticipated? Here are our top 10 recommendations for managing seller expectations when the market enters a correction.
1. Memorize the
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I don’t know about you but with three teenagers in the house pizza has become a staple. We are always on the hunt for delicious pizza. The iconic Renton Smoking Monkey Pizza never disappoints. Their wood-fired pizzas and menu variety has something for everyone. Their menu is packed full of tasty options: starters, salads, pastas, stromboli, sandwiches and endless pizza concoctions.
They serve pizza by the slice between 11am-4pm and have great lunch specials. Happy hour is daily between 3pm-6pm. Too busy to get to downtown Renton? Door Dash and 2GoServices will deliver!
Definitely check out Smoking Monkey Pizza. Located in downtown Renton at 613 S. 3rd Street.
The For The Love Of Renton Fall blog series will feature family
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Just over half an hour from Seattle, and closer still to major tech corporate campuses in Redmond and Bellevue, Sammamish attracts many of the people who work for Microsoft, Amazon, Expedia and other tech giants. The homes are pricey here, but average salaries are high too: Median family income is roughly $165,000, more than twice the median for the other spots MONEY analyzed. The current average list price for a single family residence in Sammamish is $1,227,275.
With an official motto of "Building Community Together," the city of Sammamish in King County, Washington, is as friendly as it gets. The unemployment rate is a low 5%, and the city's crime rate is approximately 90% lower than the national average.
For those that live here, once
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KIRKLAND, Washington (September 7, 2018) – House-hunters in Western Washington can choose from the largest supply of homes in three years, and they are facing fewer bidding wars, according to officials from Northwest Multiple Listing Service.
New statistics from the MLS show prices appear to be moderating (up about 6.7 percent overall), but
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