Here is your snapshot of home sales in key Puget Sound neighborhoods updated for July 2018 and its influence on the rest of the state. For the first time in 18 months the market cooled somewhat. We have went from super hot to slightly less hot (not just the weather). Buyers shouldn’t get over excited but some relief is here. Home price escalation has slowed from 12.8% to 12.1% statewide and in this chart most neighborhoods are still up double digits. August should see even more cooling before we head into the “post Labor Day season” which picks up till mid-November.
Here is the first half summary of real estate trends for homes and condos in key sub areas of King and Snohomish counties as well as the upper Wenatchee valley of Chelan county. Although demand is still high, foot traffic to listings has slowed some. Price change in many sub areas is down to 10% for the first time in quite a while.
In this summary I have shared the Leavenworth area details AND one more thing!
Here is a choice opportunity to own this historic mansion just a few blocks from downtown Leavenworth!!! Likely one of most expensive home built in 1918, this well preserved and updated 2028 sq ft 3 bedroom custom masterpiece has solid hardwood floors throughout, period lighting, custom crystal sheet glass windows, open floor plan with tons of potential. Huge 1/4 acre corner lot, fully fenced backyard, mature landscaping, high walk score, could be B & B, monthly rentals ok, your vision awaits this must have gem.
You probably have friends, family and peers that have been looking for a great home in downtown Leavenworth, Peshastin or the upper Wenatchee valley. I just listed the historic Motteler Mansion for $535,000!
Over 2000 sq ft of hi quality period craftsmanship with hardwood floors throughout, crystal glass custom windows, over 1/4 acre lot, well maintained and updated through the years. Open houses this coming Saturday the 30th and Sunday the 1st (12-4). Tell everyone and I hope to see you there! Neighborhood lemonade stand included!!!!
I wanted to share with you this great reprint of the authored article published in The Seattle Times that summarizes what the buyer needs to be prepared for. It is a battle out there and I have been helping my buyers win homes and condos even in this super hot competitive market.
Here is the cold, hard math: The median down payment on all homes (single-family and condos) in King County just topped $100,000 for the first time, up from about $50,000 just five years ago, according to mortgage tracking company Attom Data Solutions.
contact me directly to receive the full 28 page article!!!
I wanted to share the latest real estate neighborhood stats as soon as I could. This time I have also included the five year trend to show the seasonality of the market and how you could play it