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Market Stats The Gardner Report – First Quarter 2017 The Gardner Report – First Quarter 2017 Economic Overview I’m happy to report that Washington State continues to add jobs at a steady rate. While the rate of growth is tapering, this is because many markets are getting close to “full employment”, during which time growth naturally slows. That said, I believe that the state will […]
Market Stats King & Snohomish County Market Stats – March 2017 What’s Happening in the Market Closed median price at an all-time high of $736,500, up 20% from a year ago.   Price appreciation is being driven by low supply and high demand.  Eastside month’s supply of inventory is less than three weeks (0.7 months), the lowest ever.   737 active listings as of 3/31/17.  Down […]
Market Stats Are You 1 of the 59 Million Planning to Buy a Home This Year? 59 Million Americans Are Planning to Buy This Year. According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017. The survey also revealed 3 […]
Market Stats King & Snohomish County Market Stats – February 2017 What’s Happening in the Market Home sales continue to be slightly above last year’s totals in the areas tracked in this report.  We are continuing to see double digit price increases spread out from the core of Bellevue and Seattle due to the somewhat exorbitant prices now demanded from the metro area Sellers. Low Inventory […]
Market Stats How Much Did Residential Home Prices Rise in 2016? King County Residential Home Price-Increase in 2016 King County Residential home prices increased an average of 12.7%. Here is the list of median home price-increase in different areas. Shoreline/Richmond Beach $439,725–> $503,393 Lake Forest Park $432,250–> $505,350 Ballard $587,000–> $655,000 North Seattle $575,000–> $679,950 Queen Anne/Magnolia $780,500–> $882,500 Central Seattle $689,999–> $774,995 SODO/Beacon Hill $420,000–> […]
Market Stats First Time Buyers, Millennials, and What to Expect in 2017 2017 Economic and Housing Forecast I believe that the big story for the coming year will be first-time home buyers. Since they don’t need to sell before purchasing, their reemergence into the market ensures that sales will continue to increase, even while inventory is limited. Thirty-one percent of buyers currently in the real estate market […]
Market Stats Western Washington Real Estate Market Update OVERVIEW of  Western Washington Real Estate Market Here is a detailed overview of Western Washington Real Estate Market. Washington State finished the year on a high with jobs continuing to be added across the market. Additionally, we are seeing decent growth in the area’s smaller markets, which have not benefited from the same robust growth as […]
Market Stats King & Snohomish County Market Stats – November 2016 What’s Happening In The Market While we have seen a typical slowdown in transaction side during the holiday’s it is still very active and pricing seems to be holding steady during this last quarter.  While the political landscape has caused some uncertainty in many markets around the country it does not appear to have affected […]
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Market Stats King & Snohomish County Market Stats – October 2016 What’s Happening In The Market The Home Prices and Days On Market are holding steady since September. By all appearances we should see the remainder of 2016 remain somewhat uneventful with limited inventory and sales keeping pace with what’s coming on the market.
Market Stats King & Snohomish County Market Stats – September 2016 What’s Happening In The Market? While prices seem to have leveled out over the past 2 months the Days on Market have been still reducing at about a 5% clip per month.  Inventory has had slight increases across the marketplace, however, the Pending Sales have been trending upwards which has been eating up any inventory […]
Market Stats King & Snohomish County Market Stats – August 2016 What’s happening in the Market? “The sold prices are exceeding 10% year over year in most areas.” While the Market continues to move at a strong pace, we are roughly 5% behind last year’s Closed Sales pace.  This is primarily due to lack of inventory as demand is still high as determined by the continued […]
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