Market StatsReal Estate October 12, 2020

What’s Trending in Washington Real Estate Now?

Summer officially ended recently and the weather will seem much more “fall like” very soon.  October/November is usually the busiest time of the year for me as I have helped many of you buy and sell during what can be the best time to do so.  I wanted to share some key take aways from the end of the summer market research and discuss how you can take advantage of the shape of things.
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We will see the change to real Fall weather starting Friday October 9
Below is the NWMLS real estate trend line for past three years for 23 WA counties.  Compared to this time in 2019, listings (light green) are down 47%, what is sold is up 3% but what is pending is up 39% from a year ago with “pandemic related” purchases peaking at the end of the summer.  The “peak” in sales is several months later than normal but also “what” people are buying has changed due to work/school from home behavior changes.  More about the behavior change below as people, particularly in King County have shunned condos and living closer in to living further out with a house with private yard and little need to “commute”.
Breaking News.  We just closed on this luxury condo for my seller whom has now moved back to Texas.  We listed this beautiful downtown Bellevue condo right before the Covid-19 Lockdown.  OMG I could write a book at all the things that got thrown at us on this one.  Also, the pandemic created a HUGE shift in buyer dynamics and purchase behavior.  Instead of living close in and getting rid of the commute, many chose instead to live in the suburbs or across the mountains instead and continue working from home.
The net result is the condo and multifamily market went soft while million dollar homes with private back yards became very popular.https://michaeljlink.withwre.com/listing/107421500How does this shape your buying and selling needs?
More about statewide traffic and the King county “commute” equation.  

I have articulated all summer that virtually all of the tech industry is working from home and kids are schooling from home.  Research data indicates this trend will continue.  In fact another recent study says that office towers won’t fill again until 2025.
Office real estate market will get back to pre-Covid level, in 2025: Cushman & Wakefield
https://www.cnbc.com/2020/09/27/office-real-estate-back-to-normal-in-2025-cushman-wakefield.html

I have been watching the “work from home trend very very closely.  The coronavirus remote work experiment will become a permanent trend, but at some point, employees will return to the office in numbers that match the past. When? It could take five years, according to this new forecast from Cushman & Wakefield.

Consider then how does this impact how and where you live?  If you don’t need to be in King county you can sell for top dollar.  Consider the data and trend and let’s determine where is NOW the best place for you to live or invest in?

This table below says a lot.  In non tech worker areas traffic is nearly back to normal.  But note that travel across both floating bridges is still way below what is was before as most all the high rise office towers remain empty.
Certainly had time to learn new things this summer.  Some really important things like this one.
Besides Leavenworth and Lake Chelan, the grocery store seems to be the number one destination, right?   Why was banana bread the number 1 baked item this summer?  Because people buy too many bananas and can’t keep them fresh so they had to throw away or find something to do with over ripe bananas.  How about learning how to keep them fresh instead?
Keep em fresh by wrapping the stem in plastic.  The stem is full of ethylene gas which causes the ripening.
Favorite New Web Cam link to share with you
I thought about building a web site like this once but someone has done it for us,  Here is a web site that has cleanly linked most all of the Washington State web cams.  Check it outhttps://www.northwestwebcams.com/washington-web-cams.php
Coming Soon!!!  Survey of Modern homes and cabins–related to this included video
Take a look at this-https://youtu.be/nBHGM1PCHqg
Michael J. Link, CRS
The Real Estate Broker “Helping People Move Closer in, or Across the Mountains”
Windermere Bellevue Commons425-890-1875 iPhone
425-462-8000 WRE Bellevue Commons office
425-450-2600 fax delivery
Visit http://www.michaeljlink.com
Click on the logos for links

Zillow 5 Star Premier Agent since 2007
http://www.zillow.com/profile/Michael-J.-Link

YELP! Client selected Agent of the Year award 2016

Isn’t it nice to know that now you have a friend in the real estate business that you can feel comfortable introducing to your friends, family and neighbors!

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Gardner ReportReal Estate September 16, 2020

Fall 2020 Update

As Labor Day weekend arrives so does what I call the “second season”  For me, late September-late November has been the busiest time of the year helping buyers and sellers making great decisions and transactions before the year ends.
Typically once Labor Day ends, the kids are back in school, vacation travel slows down and the post summer focus comes into play.  With the covid-19 pandemic still with us, “typical” isn’t the current word as how we do things has changed.
Perhaps during this second season you may realize it is a great time to sell as well as a buy real estate.  Perhaps you are ready for the Fall and Seahawks football, perhaps you are looking forward to that next road trip, perhaps you are trying to figure out how to create a great space for your kids to do remote learning from home?  Perhaps you have now seen that your existing dwelling just doesn’t work for the kids AND you to be home.  As some of you can attest, this summer several have sold and bought properties that work better under these stay at home changed conditions.   We will get past this but yes indeed it will change how we do things going forward and what we think is important.
Following are excerpts from my Labor Day research homework.
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Below is the NWMLS 23 county real estate sales trend for the first 7 months of 2020.  Note that in the past several years the season has peaked around late June and then slides downward in activity to end the year. This year the pandemic and lockdown changed the peak selling season of April and has moved the trend line to later and July is the busiest in years.  August may have been the “summer” and the “second season” after Labor Day could be quite busy.  Why?  Interest rates below 3% and tons of people wanting to BUY in this area.  WA homes appreciated 8.6% this past year, third in the nation so it isn’t getting cheaper.
The pandemic is shaping how and where people want to live.   NEW-Condos and townhomes are suddenly out of favor as buyers reach for and pay top dollar for the bigger home and fenced back yard.  If there is no commute to sit in and you and the kids are home then work/play space becomes the key element.
According to Realtor.com 40% of home buyers are looking to buy sooner because of COVID-19.  Only 15% said the pandemic slowed down their timeline.  First time home buyers accounted for over 34% of sales nationwide.
Dark green is sold, light green is listings (off by over 40%) red in pending line.  Want to sell?  We can get top dollar if done right.  Want to buy?  We need to put together the plan so you can win.  I will show you how.
The Seahawks have been vigilant about doing the right thing and taking the right precautions during the pandemic and are finding a way to make the season happen.  The Seahawks ARE the early season favorite.
Thinking about selling and moving to another area or changing jobs?  42% of Bay Area tech works said they would move to a less expensive city if remote work extends and many of them want to come here.
Looking to change jobs or provide career ideas for graduating kids?   Here is the Top Company to Work For list in WA as provided by Seattle Business magazine.
100 BEST COMPANIES TO WORK FOR 2020: THE LIST

SMALL COMPANIES, 15 to 49 employees

  1. Total Merchant Concepts, Vancouver
  2. CFO Selections, Bellevue
  3. Avara Construction, Seattle
  4. Adler Giersch, Seattle
  5. CloydMoyo, Bellevue
  6. MediaAlpha, Redmond
  7. Parker Staffing Services, Seattle
  8. Carlisle Classic Homes LLC, Seattle
  9. Uplevel, Seattle
  10. Revolution Custom/Civil Builders, Issaquah
  11. Schlemlein Fick & Franklin PLLC, Seattle
  12. Fuel Talent, Seattle
  13. White Pages Inc., Seattle
  14. Formidable, Seattle
  15. Stratacore, Seattle
  16. Columbia Pacific Wealth Management, Seattle
  17. Unearth Technologies Inc., Seattle
  18. Gaspar’s Construction, Seattle
  19. Omnidian, Seattle
  20. Karat, Seattle
  21. 2A Consulting, Seattle
  22. Apptentive, Seattle
  23. Possible Finance, Seattle
  24. Cascade Print Media, Tacoma
  25. MCW Events, Seattle
  26. Total Benefit Solutions, Bellevue
  27. Ripl, Inc., Bellevue
  28. Sustainable Interiors, Fife
  29. Rubica Inc., Seattle
  30. LeoStella, Tukwila
  31. Greene Information Systems, Seattle
  32. Carney Badley Spellman, PS, Seattle

 

 

MIDSIZE COMPANIES, 50 to 150 employees

  1. Modus, Seattle
  2. Evergreen Beauty College, Renton
  3. Pillar Properties, Seattle
  4. Birch Equipment Rental & Sales Co., Everett
  5. Amplify Consulting Partners, Bellevue
  6. Maul Foster & Alongi Inc., Vancouver
  7. Pivotal Commware, Kirkland
  8. Icertis, Bellevue
  9. Impel Neuropharma, Seattle
  10. Berntson Porter & Co. PLLC, Seattle/Bellevue
  11. NetMotion Software, Seattle
  12. Ookla, Seattle
  13. Pacifica Law Group LLP, Seattle
  14. Subsplash, Seattle
  15. Axia Home Loans, Bellevue
  16. Geocaching HQ, Seattle
  17. Hanson Consulting Group, Kirkland
  18. FlowPlay Inc., Seattle
  19. Hiya Inc., Seattle
  20. Teleion, Seattle
  21. Pacific Capital Resource Group Inc., Bellevue
  22. Prime 8 Consulting, Bellevue
  23. Knock, Seattle
  24. BitTitan, Bellevue
  25. BioLife Solutions Inc., Bothell
  26. Aduro Inc., Redmond
  27. DomainTools, Seattle
  28. Inrix, Kirkland
  29. Brighton Jones, Seattle
  30. Legacy Telecommunications LLC, Kirkland
  31. Seattle Coffee Gear, Bellevue
  32. Legwork, Wenatchee

 

 

LARGE COMPANIES, 150+ employees

  1. Auth0, Bellevue
  2. Outreach, Seattle
  3. Highspot, Seattle
  4. Evergreen Home Loans, Bellevue
  5. Angel of the Winds Casino Resort, Arlington
  6. Logic20/20, Seattle
  7. Nintex, Bellevue
  8. Sequoyah Electric, Redmond
  9. Mutual of Enumclaw Insurance Co., Enumclaw
  10. Affirma, Bellevue
  11. Flyhomes, Seattle
  12. Limeade, Bellevue
  13. Zipwhip, Seattle
  14. MG2, Seattle
  15. RealSelf, Seattle
  16. Kindering, Bellevue
  17. PayScale Inc., Seattle
  18. Kidder Mathews, Seattle
  19. Grange Insurance Association, Seattle
  20. Pushpay, Redmond
  21. OAC Services, Seattle
  22. The Spur Group, Redmond
  23. Barghausen Consulting Engineers, Inc., Kent

 

 

COMPANIES HEADQUARTERED OUTSIDE WASHINGTON

  1. Hayden Homes LLC, Redmond, OR
  2. Allison+Partners, San Francisco
  3. ABD Insurance & Financial Services, San Mateo, CA
  4. Finity Group LLC, Portland, OR
  5. Snowflake, San Mateo, CA
  6. Salesforce, San Francisco
  7. Coalfire, Westminster, CO
  8. Newmark Knight Frank, New York
  9. World Wide Technology, Maryland Heights, MO
  10. Panda Restaurant Group, Rosemead, CA
  11. The Partners Group, Portland, OR
  12. HDR, Omaha, NE
  13. Tech Mahindra Americas Inc., Plano, Texas

ABOUT SEATTLE BUSINESS: Seattle Business is an award-winning monthly magazine read by thousands of business executives across the state. It delivers insight into the key people, enterprises and trends that drive business in the Pacific Northwest, providing perspective on the region’s ever-changing economic environment.

As many states including Washington extend remote learning into the fall it is probably worth investing in better tech and tools to help your kids stay engaged with classmates and curriculum working from home.
All summer long I have helped many people buy new homes so they have more room for a home office AND remote learning for kids.   Others are using their existing space and trying to create some sort of dedicated area within parental view and provide some kind of classroom routine.
Many districts are supplying tech tools for kids, if not the latest 10.2” iPad (from $329) may be all they need.  Plus you can add the cost to your monthly phone bill if you don’t want to fork out the cash…..
Having a table and chair the right size is key and an ergonomic desk set up making them more comfortable will also make them more productive.  The adjustable IKEA Flisati is a good one and how about the Lakeshore Learning Materials Flexspace Ergo Bounce Cantilever Chair ($119) is much better than the old kitchen chair.
i don’t know how long the pandemic and risks will last but clearly nearly half are working from home and with the remote classroom in effect many are reporting repurposed rooms, remodeled space or buying a new home that works for these changed conditions.
Contact me about ideas, remodel and buying concepts and success stories
Road Trip Treat Exploration.   Maybe meat isn’t your thing but hamburgers and the BBQ seem to go with the Labor Day party or late summer road trip.  Travel magazine rated the top 50 BBQ spots in all 50 states and here are the local winners.
Also, Wall Street Journal suggests your go explore and drive right up to the top rated hamburger joints in America.  In Washington state they gave the nod to Dick’s Drive In with 7 locations around Seattle.  In Oregon they raved about Bonanza Drive-In in Cottage Grove since 1949.  Hiram’s Roadstand in Fort Lee NJ has been an original since 1928.  And sorry but Dusty’s in Cashmere didn’t make the list…
The Washington state winner according to Travel magaizine is Jeff’s Texas Style BBQ in Marysville.  In Oregon its Holy Trinity Barbeque in Portland
Success Stories
All summer long I have been helping people getting sold and buy across town or across the mountains.
Here are recent examples of sold or pending.https://michaeljlink.withwre.com/listing/110038048

https://michaeljlink.withwre.com/listing/107421500

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Gardner ReportMarket Stats July 27, 2020

2020 Housing Market Forecast Update July 2020

COVID-19 April 8, 2020

COVID-19 Update

With all the questions and emails lately asking me about what is going on around town, it seems we are all “hunkering down” statewide.  We are all finding this a very serious virus that reported its first case here in WA state January 21.  Fortunately our state may be turning the corner for the better as cases are dropping….(chart provided)
To help keep you safe, our real estate industry has enacted all of the safety precautions put out by the Governor as many are usually knee deep in buying, selling and moving (or trying to) this time of year.
 

 

As the COVID-19 pandemic continues to develop, I am following recommendations from public health officials and government agencies to ensure I am helping reduce its impact. There have been some recent changes to how we can operate in Washington and while business is still not running as usual, I am able to help in limited ways. My goal is to keep your dreams moving forward.

 

 

 

Here are the things I can do at this time:

Real Estate Activity allowed: In person meetings when necessary, previewing and showing homes by appointment only, appraisals, and delivery of keys. Inspectors, movers, stagers, and photographers are allowed to continue to work. All of these activities are to be done with only two people at a time and while maintaining the 6 ft. of social distance mandated by the Governor.

 

 

 

I am here to support and assist you through COVID-19 and beyond and I am committed to finding creative ways to connect during this time of social distancing. I am able to help you buy or sell or answer any questions you may have. Most of what we do can happen virtually.

Thanks
Mike

 

Here is how that virtual selling looks like.  This is helping many feel comfortable about what they are looking at.  Popularity has been high on my recent listings but buyers are still reluctant to go look at the property until “maybe the next week or so.”
 

 

Windermere Economist Mathew Gardner reports on why WA state may lead the comeback.  As you recall, I produced a report last year showing how the greater Seattle area is becoming the next Silicon valley tech haven and east of the mountains our state still has a very strong agriculture market.  Both of these strengths should help us lead the way economically post-Covid-19

Here is the link to The Gardner Report. https://www.youtube.com/watch?v=Vgk8MgkRo3s

I imagine this is the chart we ALL want to see.  Modeling by UW suggestions we may have reached the peak on April 2.  Yeah!!!!!
 

 

   14 Days, for Good.  Make these next two weeks uncommon in a great way.
 

 

My special Bloody Mary drink mix came up in a recent virtual office meeting.  After keeping it so private for several years during testing,  maybe this is a good “hunkering down” drink?  It is also a meal…
 

 

Mike’s Special Bloody Mary recipe (you have been asking for)

The Spicy Bloody Mary “Susan style”  from the 2019 winter menu @ Lodge at Lake Bellevue Sting Ray authentic Spicy Bloody Mary mix made with ocean clam juice 2-3 parts
Vito’s local vodka 1 part
Demitrio’s Bloody Mary extract (some)
Capers and juice
Fresh ground pepper
Garlic stuffed olives
1 stick hot Hawaiian beef jerky from Golden Steer meats
1 20-25 ct cooked Thailand shrimp
2-3 stocks cooked asparagus

Market StatsReal Estate November 15, 2019

Mike’s Notes on What’s Happening in the Market

With all the real estate headlines in the news, I thought you might like know that, at least locally, the story may be different. I wanted to share this so people you know can benefit:

It is true that some may have paused this summer thinking the market was slowing.  Perhaps many “hoped” that was what was happening?  As I mentioned in the first of the year forecast and this summer, although locally some hope the market is slowing so they can “go get a deal,” at issue still is that “everyone” is moving here. Let me repeat- 80 people per day are moving to the Puget Sound region alone for a better life than what they had but most importantly because the jobs are being created right here.  Just ask Amazon, Apple, Microsoft, Google and the rest.
I can tell you from first hand experience at my open houses these past two months that virtually all of the visitors and the buyers are new to this area.  Read that again.

IF you want to BUY in this market we need to be talking right now.  I need to help you get 40 days ahead of your competitors.
IF you want to SELL then we need to be talking right NOW and start preparing your place to get top dollar in late February/March.

For my friends and clients east of the mountains, the second home market did slow down this year but watch for it to stabilize and start working its way back up in 2020. Although some of those buyers are new to this area, majority of those buyers have been recreation minded “east of the mountains” for years and want a home in that popular area.  More on that later…

Gardner ReportMarket StatsReal EstateUncategorized May 2, 2019

Western Washington Real Estate Update-The Gardner Report

The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent.

ECONOMIC OVERVIEW

Washington State employment slowed to an annual growth rate of 1.7% — a level not seen since 2012 — and continues a trend of slowing that started in the summer of 2018. I was a little surprised to see such a significant drop in employment growth, but it may be due to the state re-benchmarking their data (which they do annually). As such, I am not overly concerned about the lower-than-expected numbers but will be watching to see if this trend continues as we move through the spring months. The state unemployment rate was 4.5%, marginally below the 4.6% level a year ago.

My latest economic forecast suggests that statewide job growth in 2019 will be positive but is expected to slow. We should see an additional 84,000 new jobs, which would be a year-over-year increase of 2.2%.

HOME SALES

  • There were 13,292 home sales during the first quarter of 2019. Year-over-year, sales were down 12.3% and were 23.4% lower than the fourth quarter of 2018.
  • It is quite likely that part of the slowdown can be attributed to the very poor weather in February. That said, anecdotal information from our brokers suggests that March was a very active month and I expect to see sales rise again through the spring selling season. Notably, pending home sales were only off by 3.5% from the first quarter of 2018.
  • All counties contained in this report saw sales drop when compared to a year ago. The greatest drops were in the relatively small counties of San Juan, Clallam, Island, and Kitsap.
  • The decline in interest rates during the first two months of the quarter nudged many home buyers off the fence. I believe this will cause a significant bump in sales activity in the second quarter numbers.

HOME PRICES

  • In combination with the factors discussed earlier, the 40% increase in listings has caused home price growth to taper to a year-over-year increase of 3.3%.
  • Home prices were higher in every county except Clallam. While the growth of prices is slowing, the strong local economy, combined with lower interest rates, will cause home prices to continue rising through 2019.
  • When compared to the same period a year ago, price growth was strongest in San Juan County, where home prices were up 36.4%. Only one other county experienced a double-digit price increase.
  • As I have said for quite some time now, there must always be a relationship between incomes and home prices, and many areas around Western Washington are testing this ceiling. That said, the region’s economy continues to perform well and incomes are rising, which, in concert with low interest rates, will allow prices to continue to rise but at a significantly slower pace.

DAYS ON MARKET

  • The average number of days it took to sell a home matched the same quarter of 2018.
  • Pierce County was the tightest market in Western Washington, with homes taking an average of 40 days to sell. There were seven counties that saw the length of time it took to sell a home drop compared to the same period a year ago. Market time rose in seven counties and one was unchanged.
  • Across the entire region, it took an average of 61 days to sell a home in the first quarter of 2019. This matches the level seen a year ago but is up by 10 days when compared to the fourth quarter of 2018.
  • In the last two Gardner Reports, I suggested that we should be prepared for days-on-market to increase, and that is now occurring. Given projected increases in inventory, this trend will continue, but this is typical of a regional market that is moving back toward balance.

CONCLUSIONS

This speedometer reflects the state of the region’s real estate market using housing inventory, price gains, home sales, interest rates, and larger economic factors. I am again moving the needle toward buyers as price growth moderates and listing inventory continues to rise.

I do not see any clouds on the horizon that suggest we will see a downturn in sales activity in 2019. That said, this will be the year we move closer to balance. Buyers who were sidelined by the significant increase in listings in the second half of 2018 are starting to get off the fence as mortgage rates drop. I foresee a buoyant spring market ahead.

As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K.

In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.

This post originally appeared on the Windermere.com Blog.

Real Estate January 17, 2019

2018 Puget Sound Real Estate and What’s to Come in 2019

Wow 2018 came to an end with a “softening” tone for the Puget Sound real estate market.  Just like the previous two years as I forecast, the first half of 2018 was much more robust than the second half.  Much of the appreciation came in the first 6 months.
WA and Seattle have outpaced the nation for a few years but the reality of too many new apartments on the market, great reduction in Chinese overseas buyers, rising interest rates and uncertainty about the tech market with Amazon announcing a HQ2 on the East Coast caused the local market to “pause”
I am already getting many emails and calls regarding “what shall we expect in 2019?”

  • interest rates have dropped ½ a point in last two months and I can tell already that buyers are starting to come out again
  • Seattle job hiring is up 1.2% from a year ago according to LinkedIn: https://www.linkedin.com/jobs/blog/linkedin-workforce-report-december-2018-seattle-wa.  So the tech industry is not slowing, it will keep growing.
  • Economists expect Seattle area to fare better than rest of country
  • Did the market prices peak in June of 2018?  Yes so don’t expect wild rises this year instead more moderate appreciation such as 5-6%
  • The rental market-Too many new apartments so rental rates will continue to drop in 2019
  • Second home market in places like Leavenworth look strong for bulk of this coming year
2019 will behave differently than the past 3-4 years.  Whether you are thinking about buying or selling or know someone who is talking about it, now is the time for us to start the conversation and plan a winning strategy in this moving market.
Chart below is key Puget Sound neighborhoods 2018 sales trends.  Yes much more listings and fewer sales but appreciation growth continues.
Chart below is actual sales trends King county past three years.  Many sellers waited for when they “thought” the peak of market was here, which was in the first half of 2018, however look how many waited to hear that and then list in the second half of the year.  This chart shows the typical end of year slow down in sales but a significant rise in new listings, the highest rise since 2012.  Except because of the uncertainty in the market and rising rates buyers went to the sidelines in bunches in the second half.
I think buyers are coming back out now that rates have dropped.
Chart below is for “condos only” in the same key area.  Note that for the year, condos nearly caught up with home appreciation rates and in some areas like East Bellevue, Kirkland, Ballard and Lynnwood areas condo appreciation was around 20% for the year.  Yes days on market are a little longer and fewer listings but buyer demand is still going to be strong in 2019
Top 10 Home Trends in 2019
Here is a great article on the top ten home trends for 2019

  • The backsplash as a focal point
  • Dark and moody colors throughout the home
  • Destiination like spa tub and bathroom
  • Tuxedo kitchens (Black and white)
  • Glass and steel room dividers
  • Freestanding dining benches
  • Board and batten accents the modern farmhouse
  • Kitchens that open to the out-of-doors
  • Wood vanities
  • A four wall accent color

Here is the full article:

“Tuxedo Kitchen”  ala black and white
It’s January-This is the best time to have a conversation on this.  Last year, my clients and friends that started in January had record setting sales in March and April
Uncategorized August 16, 2018

Mike’s July 2018 Real Estate update with notes

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.

Uncategorized July 26, 2018

Mike’s Summary First Half 2018 Real Estate Trends WA

https://mailchi.mp/504a8b0be6fe/first-half-update-whats-happening-in-the-market

 

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!

Uncategorized June 27, 2018

Offering a historic mansion in Leavenworth, WA

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.

https://michaeljlink.withwre.com/listing/80938422

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!!!!