Looking to view some open houses this weekend? Here are some great options. Plus, full-family fun at weekend Easter events! Ready for an egg-tastic weekend!
Northwest Multiple Listing Service brokers expected an uptick in the number of new listings during March, and that expectation was met with a significant gain – up more than 50 percent from February. Members added 10,321 new listings last month, but they also reported an even greater number of pending sales (10,447), leaving inventory near historic lows.
This week was beyond eclectic as every neighborhood seemed to beat to its own drum completely oblivious to what was happening next door.
Sales increased this week at many price points in nearly every neighborhood throughout the Seattle-Eastside region. The $2 million and above price point continues to have more supply than demand, but otherwise the market very much favors home sellers.
Pike Place Market has been a staple on Seattle since the turn of the century – and in June 2017 opens up with the fancy new upgrades. In its early days, Pike Place Market saw farmers bring their vegetables, fruit, dairy, eggs, and meat to sell as Settle grew into a thriving metropolis. On its original, grand opening day, the market ran out of produce within minutes – and that is how Pike Place Market skyrocketed into a international attraction.
News of substantial expected mortgage interest rate increases in 2017 may motivate buyers further to purchase while rates are low. Every 1% increase in interest rates equates to about a 10% reduction in purchasing price for the same monthly payment. So if you purchased a $600,000 home at 3.5% interest it would be about the same monthly payment as a $540,000 home at 4.5% interest.
It’s cold outside… and rainy. But that shouldn’t stop your fun! Though the rain is expected to die down by Sunday, it plans on picking back up again throughout next week – just in time to welcome Spring! So, I thought this would be a great time to bring out some updated tips for home maintenance during the raining season!
Here are some tips for completing home check ups in the rain!
Come one, come all! Bring your family to enjoy the show! The Seattle Kennel Club Dog Show is being held this weekend at the CenturyLink Field Event Center, on March 11th & March 12th. The Seattle Kennel Club started off as the Queen City Dog Club in the 1890’s, and from there is flourished and matured into what it is today.
This event provides a prime opportunity for local breeding clubs and rescue groups to interact and educated the public about our lovely best friends. This years clubs include, the Seattle Purebreed Dog Rescue, BullsEye Dog Rescue, Bernese Mountain Dog Club of Greater Seattle, Assistance Dog Club of Puget Sound, and many, many more! Some events include the agility, obedience, and rally sessions. Other events include, the herding, flyball, therapy dogs, and drill team demonstrations. Here is a compiled list of this years vendors for the show!
This week saw the market shift even more extremely to the seller’s favor as inventory diminished even further (as if that were even possible). Our market continues to lavish sellers with a dream list of terms as buyers scramble to compete for the limited supply of homes for sale.
This week saw a significant uptick in new listing activity in many areas and price points. A sign of things to come? We can only hope!
After a week of clouds, rain, and that little flurry of snow, Saturday is gearing to be a partially sunny … Continue Reading Seattle Bike Show this Weekend: March 4th & 5th
Home buyers are in a spring mood, but sellers are still hibernating, suggested one broker while commenting about the latest statistics from Northwest Multiple Listing Service. Figures for February and feedback from brokers indicate record-low inventory is spurring multiple offers, rising prices, fewer sales, and frustrated house-hunters.
The market is beginning to wake up from a long winter’s slumber. Will it bring new listings and more balance between buyers and sellers??
Increased pending sales have further diminished the supply of homes for sale-leaving slim pickings for buyers-especially at price points below $1 million in core metro neighborhoods of Seattle and all of Bellevue. Word on the street among local realtors is that many new listings are coming to market next week. While very welcome news to the ravished home shoppers out there, it falls desperately short of the inventory needed in the market to keep us from teetering into the abyss of an unsustainable seller’s market.
Pending sales were up in more than half of the region’s neighborhoods. Diminished inventory of available homes for sale continues to be a huge obstacle for home buyers. With local employers such as Amazon adding more than 110,000 workers, regionally and across the globe, and a shortage of buildable land, it’s no wonder housing supply is so tight.
Opportunity exists for buyers who get to the game early. We are seeing some properties go under contract with few or no competing offers.