Seattle Metro Quarterly Market Trends – Q2 2019

Seattle Metro Quarterly Market Trends – Q2 2019

2019 provided a very healthy and more balanced spring market! Median price is even year-over-year at $750,000. Prices have started to find their balance as more inventory has come to market compared to the scarcity of years past. While buyers have had more choices over the last year, it is still a seller’s market with just 1.7 months of inventory based on pending sales, resulting in an average of 23 days on market and 99% list-to-sale price ratio in June. Low interest rates continue to drive demand, however sellers who overprice or don’t address condition issues will linger on the market, illustrated by the 66% increase in carryover inventory.

Our real estate market continues to be driven by low interest rates, positive job creation, and upbeat consumer sentiment. Currently, interest rates sit around 4% which is still an historical low, affording buyers the ability to make moves and reduce their debt service. Price appreciation has started to temper to more normal rates, compared to the double-digit appreciation we experienced over the last 3 years due to more sellers coming to market. This has created more balance and greater opportunity for buyers. The generational shift we are experiencing as Baby Boomers move towards retirement and Millennials enter into their prime earning years is an exciting exchange happening in the market place right now.

This is only a snapshot of the trends in the Seattle Metro area; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on July 15, 2019 at 3:45 am
Greg and Janet Buehler | Category: Uncategorized

North King County Quarterly Market Trends – Q2 2019

North King County Quarterly Market Trends – Q2 2019

2019 provided a very healthy and more balanced spring market! Median price is up 1% year-over-year at $760,000. Prices have started to find their balance as more inventory has come to market compared to the scarcity of years past. While buyers have had more choices over the last year, it is still a seller’s market with just 1.6 months of inventory based on pending sales, resulting in an average of 23 days on market and 99% list-to-sale price ratio in June. Low interest rates continue to drive demand, however sellers who overprice or don’t address condition issues will linger on the market, illustrated by the 60% increase in carryover inventory.

Our real estate market continues to be driven by low interest rates, positive job creation, and upbeat consumer sentiment. Currently, interest rates sit around 4% which is still an historical low, affording buyers the ability to make moves and reduce their debt service. Price appreciation has started to temper to more normal rates, compared to the double-digit appreciation we experienced over the last 3 years due to more sellers coming to market. This has created more balance and greater opportunity for buyers. The generational shift we are experiencing as Baby Boomers move towards retirement and Millennials enter into their prime earning years is an exciting exchange happening in the market place right now.

This is only a snapshot of the trends in north King County; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on July 14, 2019 at 2:44 am
Greg and Janet Buehler | Category: Uncategorized

Outdoor Movie Schedule – Summer 2019

SOUTH SNOHOMISH

Arlington’s Movies @ Olympic Theater

Olympic Theater

  • 6/21     The Lego 2 Movie
  • 7/19     Spider Man: Into the Spider-Verse
  • 8/2       Dumbo

Edmond’s Outdoor Movie Night

Frances Anderson Center Field

  • 7/26     Trolls
  • 8/2       A Wrinkle in Time

Everett’s Cinema Under the Stars

Thornton Sullivan Park, Camp Patterson Field

  • 7/19     Incredibles 2
  • 7/26     Ralph Breaks the Internet
  • 8/2       The Lego Movie 2
  • 8/9       Spider Man: Into the Spider-Verse
  • 8/16     How to Train Your Dragon: The Hidden World

Everett’s Sail-In Cinema

Port of Everett North Guest Docks 6 & 7 (by boat) or Boxcar Park (by land)

  • 7/19     Battleship
  • 7/26     Transformers
  • 8/2       Remember the Titans
  • 8/9       Pirates of the Caribbean
  • 8/16     The Proposal
  • 8/23     Moana

Marysville Popcorn in the Park

Jennings Park

  • 7/13     A Dog’s Way Home
  • 7/20     Ralph Breaks the Internet
  • 7/27     Bumblebee
  • 8/3       Incredibles 2
  • 8/10     The Karate Kid

Monroe Movies Under the Moon

Lake Tye Park

  • 8/2       The Incredibles 2
  • 8/9       Ralph Breaks the Internet
  • 8/16     Mary Poppins Returns
  • 8/23     Black Panther

Movies in the Park

Willis Tucker Park (Snohomish)

  • 7/25     The Incredibles 2
  • 8/1       How to Train Your Dragon: The Hidden World

 

Lake Stevens Community Park

  • 8/8       Jurassic World: Fallen Kingdom
  • 8/15     Mary Poppins Returns

 

 

EASTSIDE

Bellevue Movies in the Park

Downtown Park

  • 7/9       Hotel Transylvania 3
  • 7/16     A Dog’s Way Home
  • 7/23     Smallfoot
  • 7/30     How to Train Your Dragon: The Hidden World
  • 8/6       The Lego Movie 2
  • 8/13     Ferdinand
  • 8/20     Wonder Park
  • 8/27     Back to the Future

Crossroads Movies in the Park

Crossroads Park

  • 8/1       Christopher Robin
  • 8/8       Ralph Breaks the Internet
  • 8/15     The Incredibles 2
  • 8/22     Mary Poppins Returns

Carillon Point Outdoor Movies

Carillon Point Plaza

  • 7/6       Mean Girls
  • 7/20     Crazy Rich Asians
  • 8/3       The Incredibles 2
  • 8/17     Solo: A Star Wars Story

Movies at Marymoor

Marymoor Park

  • 7/10     Ferris Bueller’s Day Off
  • 7/17     Bohemian Rhapsody
  • 7/24     Spider Man: Into the Spider-Verse
  • 7/31     Top Gun
  • 8/7       The Incredibles 2
  • 8/13     The Sandlot
  • 8/22     Grease
  • 8/28     The Princess Bride

 

 

SEATTLE

Bite of Seattle

Seattle Center Mural Amphitheatre

  • 7/19     Wayne’s World

Cinema under the Stars

Columbia Park

  • 7/20     Spider Man: Into the Spider-Verse
  • 8/17     The Lego Movie 2

International District Summer Cinema

Hing Hay Park

  • 8/3       Crazy Rich Asians
  • 8/10     Iron Monkey
  • 8/17     Mirai
  • 8/24     Up

Movies at the Mural

Seattle Center Mural Amphitheatre

  • 7/27     The Princess Bride
  • 8/3       Crazy Rich Asians
  • 8/10     Bohemian Rhapsody
  • 8/17     Dirty Dancing
  • 8/24     Black Panther

Outdoor Movie Nights @ Peddler Brewing

Peddler Brewing Co Beer Garden

  • 5/30     The Goonies
  • 6/6       Bridesmaids
  •  6/13     Super Troopers
  • 6/20     Indiana Jones: Raiders of the Lost Ark
  • 6/27     Mean Girls
  • 7/11     The Hangover
  • 7/18     The Princess Bride
  • 7/25     10 Things I Hate About You
  • 8/1       Back to the Future
  • 8/8       Point Break
  • 8/15     Pitch Perfect
  • 8/22     The Sandlot
  • 8/29     The Big Lebowski

Seattle Outdoor Cinema

South Lake Union Discovery Center (21+)

  • 6/22     The Matrix: 20th Anniversary
  • 7/20     Bill & Ted’s Excellent Adventure: 30th Anniversary
  • 8/17     The Life Aquatic

Seattle Skyway Outdoor Cinema

Skyway Outdoor Cinema

  • 8/2       Incredibles 2
  • 8/9       The Princess Bride
  • 8/16     Aquaman
  • 8/23     Spider Man: Into the Spider-Verse
Posted on June 19, 2019 at 9:12 pm
Greg and Janet Buehler | Category: Uncategorized

Campership Drive

Sending Kids to Summer Camp

Every year, our office comes together to provide summer camp scholarships for local kids who may not otherwise have the opportunity to experience the adventures of overnight camp. We partner with YMCA Camp Orkila and Camp Colman; local programs dedicated to nurturing the potential of youth, promoting healthy living, and fostering social responsibility.

This year, we collectively donated $16,125 for these camp scholarships. With a Windermere Foundation match of $1,000, our 2019 total of $17,125 is our highest number ever! But that wasn’t the end. An anonymous YMCA donor matched an additional $4,338, bringing us to $21,463 – Wow!

Overall, since 1994, we are responsible for $186,918 in summer camp scholarships for local kids who may be homeless, in transitional living shelters, living through family crisis, or existing within economic means that does not allow them the opportunity to experience the adventures of summer camp that other kids do. We are so proud to be part of an office that cares so deeply for the community!

 

 

Posted on May 22, 2019 at 10:02 pm
Greg and Janet Buehler | Category: Uncategorized

2019 Farmer’s Markets Schedules

When you shop at a local Farmers Market, you’re buying outstanding freshness, quality and flavor. Knowing exactly where your food comes from and how it was grown provides peace of mind for your family. Plus, you’re supporting a sustainable regional food system that helps small family farms stay in business; protects land from over-development, and provides the community with fresh, healthy food. Find one near you on the list below!

 

SOUTH SNOHOMISH:

Arlington Farmers Market
Legion Park: 200 N. Olympic Ave
Saturdays. 10am-3pm
June 1 — August 31

Bothell Park Ridge Community Market
Park Ridge Church: 3805 Maltby Road, Bothell
Wednesdays 4pm-8pm
June 5—September 25

Edmonds Garden Market
Historical Museum: 5th & Bell Street
Saturdays 9am-2pm
May 4—June 8

Edmonds Summer Market
Downtown: 5th St from the fountain
Saturdays 9am-3pm
June 15—October 5

Everett Farmers Markets
Boxcar Park: 615 13th Street
Sundays 11am-4pm
May 12—October 6

Everett Transit Center: 2333 32nd St
Wednesdays 4pm-8pm
June 5—August 28

Marysville Farmer’s Market
Location TBD
Saturdays 10am-2pm
June 22—August 31

Mill Creek Farmer’s Market
City Hall: 15720 Main St.
Tuesdays 3pm-7pm
June 18-August 20

Snohomish Farmers Market
Cedar Ave & Pearl St.
Thursdays 3pm-7pm
May 2—September 26

 

EASTSIDE:

Bellevue Farmers Market
First Presbyterian: 1717 Bellevue Way NE
Thursdays 3pm-7pm
May 16—October 10

Bellevue Crossroads Farmers Market
East Parking Lot: 15600 NE 8th St
Tuesdays 12pm-6pm
June 4—September 24

Issaquah Farmers Market
Pickering Barn: 1730 10th Ave NW
Saturdays 9am-2pm
May 4—September 28

Juanita Friday Market
Juanita Beach: 9703 NE Juanita Dr
Fridays 3pm-7pm
June 5—September 27

Kirkland Wednesday Market
Marina Park: 25 Lakeshore Plaza
Wednesdays 2pm-7pm
June 7—September 25

Mercer Island Farmers Market
Mercerdale Park: 7700 SE 32nd St
Sundays 10am-3pm
June 2—September 29

Redmond Saturday Market
Redmond Town Center: 7730 Leary Way NE
Saturdays 9am-3pm
May 4—October 26

Sammamish Farmers Market
City Hall Plaza: 801 228th Ave SE
Wednesdays 4pm-8pm
May 8—September 18

Woodinville Farmers Market
DeYoung Park: 13680 NE 175th St
Saturdays 9am-3pm
May 4—September 28

 

SEATTLE:

Ballard Farmers Market
Ballard Ave NW
Sundays. 10am-3pm
YEAR ROUND

Capitol Hill Broadway Farmers Market
Seattle Central Comm College: Broadway & Pine
Sundays 11am-3pm
YEAR ROUND

Columbia City Farmers Market
37th Ave S & S Edmunds St
Wednesdays 3pm-7pm
May 8—October 9

Fremont Sunday Market
Corner of 3410 Evanston Ave N
Sundays 10am-4pm
YEAR ROUND

Lake City Farmers Market
125th St and 28th Ave NE
Thursdays 3pm-7pm
June 6—October 3

Lake Forest Park Farmers Market
Third Place Commons: 17171 Bothell Way NE
Sundays 10am-3pm
May 12—October 20

Madrona Farmers Market
1126 Martin Luther King Jr. Way
Fridays 3pm-7pm
May 17—October 11

Magnolia Farmers Market
Magnolia Village: 33rd Ave W & W McGraw
Saturdays. 10am-2pm
June 1—November 23

Phinney Farmers Market
Neighborhood Center: Phinney Ave N
Fridays 3:30pm-7:30pm
June 7—September 27

Pike Place Farmers Market
Pike Place & Pine St
Saturdays 9am-5pm
June 1—November 23

Queen Anne Farmers Market
W Crockett Street & Queen Anne Ave N
Thursdays 3pm-7:30pm
May 30—October 10

Shoreline Farmers Market
15300 Westminster Ave N
Saturdays 10am-3pm
June 8—October 5

University District Farmers Market
University Way NE “the Ave”
Saturdays 9am-2pm
YEAR ROUND

Wallingford Farmers Market
Meridian Park: Meridian Ave N & N 50th St
Wednesdays 3pm-7pm
May 15—September 25

West Seattle Farmers Market
California Ave SW & SW Alaska St
Sundays 10am-2pm
YEAR ROUND

 

You can also search for farmers markets in other counties here.

Before planning your visit, be sure to check market websites for possible holiday or weather closures and special events.

Posted on May 14, 2019 at 6:15 pm
Greg and Janet Buehler | Category: Uncategorized

Seed Drive!

We are collecting vegetable seeds and starts for the Martha Perry Garden, where volunteers grow thousands of pounds of fresh produce every year for local food banks.

Our office will be spending a volunteer day in the garden for our annual Community Service Day in June. In addition to our labor, we will gift them all of the vegetable seeds and starts collected between now and then. 

Partial packets of seeds are gladly accepted! All seeds should be no more than a year old, although fresh seeds are preferred. 

Wish List: 

BasilBeetsCabbageCarrots*CauliflowerChardCucumbersGreen BeansHerbsMarigoldsPeppersRadishesSummer SquashSnow PeasTomatoesWinter SquashZucchini 

*High Demand! 

Starts of cucumbers, winter & summer squash, cole crops (cabbage, cauliflower, broccoli, kale, etc) are especially welcome. 

Drop seeds off at our office through June 6th
4211 Alderwood Mall Blvd #110, Lynnwood
Mon-Friday: 8am-5pm & Sat-Sun: 9am-3pm 

 Windermere Community Service Day is coming! This tradition was established in 1984 to offer agents and staff a chance to volunteer an entire workday to give back to the neighborhoods in which they live and work.

On June 7th, our office will spend the day

with the Snohomish Garden Club working on the Martha Perry Veggie Garden, constructing trellises, staking beds, planting, weeding, labeling and sprucing everything up.

Last year, the Snohomish Garden Club provided 8,000 pounds of fresh produce to the Snohomish and Maltby Food Banks. The land for the garden is generously donated by the Bailey Family Farm. 

Posted on May 8, 2019 at 6:06 pm
Greg and Janet Buehler | Category: Uncategorized

April 2019 Newsletter

I am pleased to present the first-quarter 2019 edition of the Gardner Report, which provides insights into select counties of the Western Washington housing market. This analysis is provided by Windermere Real Estate Chief Economist Matthew Gardner. I hope that this information will 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 me.

Click to view the full report

When you shop at a local Farmers Market, you’re buying outstanding freshness, quality and flavor. Knowing exactly where your food comes from and how it was grown provides peace of mind for your family. Plus, you’re supporting a sustainable regional food system that helps small family farms stay in business; protects land from development, and provides the community with fresh, healthy food. Find one near you!
We are collecting vegetable seeds and starts for the Martha Perry Garden, where volunteers grow thousands of pounds of fresh produce every year for local food banks.

My office will be spending a volunteer day in the garden for our annual Community Service Day in June. In addition to our labor, we will gift them all of the vegetable seeds and starts collected between now and then.

All seeds should be no more than a year old, although fresh seeds are preferred.

Wish List:
Basil, Beets, Cabbage, Carrots*, Cauliflower, Chard, Cucumbers, Green Beans, Herbs, Marigolds, Peppers, Radishes, Summer Squash, Snow Peas, Tomatoes, Winter Squash, Zucchini
*High Demand!

Starts of cucumbers, winter & summer squash, cole crops (cabbage, cauliflower, broccoli, kale, etc) are especially welcome.

Thank you!!

Thank you for another successful Shred Day!

Two full truckloads of paper were safely shredded and recycled.

We love providing this service for our clients, friends and neighbors, but what we’re really excited about is how you all gave back to the community. Your donations provided 534 pounds of food and $1,129 to benefit Concern for Neighbors food bank. Thank you!

Do you want to be “In the Know” in your neighborhood? Sign up for a monthly overview of what’s happening in the zip code(s) of your choice. Neighborhood News is a great tool to stay informed about the home values and activity in your own backyard or to study a new market you may be interested in.Click here to sign up on our website.
Posted on April 22, 2019 at 6:35 pm
Greg and Janet Buehler | Category: Uncategorized

February Newsletter

Most recently, we have experienced an uptick in market activity. In fact, in King and Snohomish counties we saw a 53% increase in pending sales from December to January. While it is seasonally normal to see activity increase at the first of the year, it was 16% higher than the previous January. This increase is being driven by multiple factors, such as our thriving economy and job market, price acceleration softening, and the recent decrease in interest rates.

Currently, rates are as low as 4.5% for a 30-year fixed conventional mortgage – 0.75 points down from the fourth quarter of 2018. In fact, the interest rate in November was the highest we’ve seen in five years!  The current rate level is the lowest we have seen in a year. This is meaningful because the rule of thumb is that for every one-point increase in interest rate, a buyer loses ten percent in purchase power. For example, if a buyer is shopping for a $500,000 home and the rate increases by a point during their search, in order to keep the same monthly payment, the buyer would need to decrease their purchase price to $450,000. Conversely, for every decrease in interest rate, a buyer can increase their purchase price and keep the same monthly mortgage payment.

Why is this important to pay attention to? Affordability! If you take the scenario I just described and apply it to the link above, you can see that the folks who choose to jump into the market this year will enjoy an interest cost savings when securing their mortgage. This lasts the entire life of the loan and can have a huge impact on the monthly cash flow of a household. This cost savings is also coupled with a slow-down in home-price appreciation. Complete year-over-year, prices are up around 8% in both King and Snohomish counties, but note that from 2017 to 2018 we saw a 14% increase. Price appreciation is adjusting to more normal levels and is predicted to increase 4-6% in 2019 over 2018.

As we head into spring market, the time of year we see the most inventory become available, the interest rates will have a positive influence on both buyers and sellers. Naturally, buyers will enjoy the cost savings, but sellers will enjoy a larger buyer pool looking at their homes due to the demand the lower rates are creating. Further, would-be sellers who are also buyers that secured a rate as low as 3.75% via a purchase or re-finance in 2015-2017, will consider giving up that lower rate for the right move-up house now that rates are not as big of a jump up as they were during the second half of 2018.

This recent decrease in rate is making the move-up market come alive. What is great about this, is that it opens up inventory for the first-time buyer and helps complete the market cycle. First-time buyers are abundant right now as the Millennial generation is gaining in age and making big life transitions such as buying real estate. According to Nerd Wallet, 49% of all Millennials have a home purchase in their 5-year plan.

Will these rates last forever? Simply put, no! According to Matthew Gardner, Windermere’s Chief Economist, rates should increase into the 5’s in 2019. While still staying well below the 30-year average of 6.85%, increases are increases, and securing today’s rate could be hugely beneficial from a cost-saving perspective. Just like the 1980’s when folks were securing mortgages at 18%, the people that lock down on a rate from today will be telling these stories to their grandchildren. Note the 30-year average – it is reasonable to think that rates closer to that must be in our future at some point.

So what does this mean for you? If you have considered making a move, or even your first purchase, today’s rates are a huge plus in helping make that transition more affordable. If you are a seller, bear in mind that today’s interest rate market is creating strong buyer demand, providing a healthy buyer pool for your home. As a homeowner who has no intention to make a move, now might be the time to consider a refinance. What is so exciting about these refinances, is that it is not only possible to reduce your monthly payment, but also your term, depending on which rate you would be coming down from.

If you would like additional information on how today’s interest rates pertain to your housing goals, please contact us. We would be happy to educate you on homes that are available, do a market analysis on your current home, and/or put you in touch with a reputable mortgage professional to help you crunch numbers. Real estate success is rooted in being accurately informed, and it is our goal to help empower you to make sound decisions for you and your family.

Celebrate Earth Day with us! Bring all your sensitive documents to be professionally destroyed on-site by Confidential Data Disposal. Limit 20 file boxes per customer.

We will also be collecting non-perishable food and cash donations to benefit Concern for Neighbors Food Bank. Donations are not required, but are appreciated.

Saturday, April 20th, 10am – 2pm.
4211 Alderwood Mall Blvd, Lynnwood 98036

*This is a shredding-only event. Only paper will be accepted – no electronics or recyclables.

We are pleased to present the fourth-quarter 2018 edition of the Gardner Report, which provides insights into select counties of the Western Washington housing market. This analysis is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information will 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 us.

Click to view the full report

Do you want to be “In the Know” in your neighborhood? Sign up for a monthly overview of what’s happening in the zip code(s) of your choice. Neighborhood News is a great tool to stay informed about the home values and activity in your own backyard or to study a new market you may be interested in.Click here to sign up on our website.
Posted on February 26, 2019 at 9:15 pm
Greg and Janet Buehler | Category: Uncategorized

Get a Jump on Spring Cleaning

Whether you hire an outside professional for help, or tackle the project yourself, now is a great time to get a jump on spring cleaning. Many people wait for warmer temps to start cleaning, but I think most everyone can agree that those weekends would be better spent outdoors, soaking up that sun. So, take some inspiration from the list below to get you started now on freshening up your home for spring.

It will only take a few hours to check everything off this list, and you’ll feel so much better enjoying the last few weeks of winter, knowing that when the warmer weather finally comes, you can get outside and really enjoy it!

Rotate your mattress. Most mattresses need to be rotated regularly in order to even out the overall wear and prolong the lifespan of your bed. However, keep in mind that Sleep Number and Tempur-Pedic mattresses typically should not be rotated. Always check with your manufacturer for their recommendations on your specific mattress. If you own an older mattress with no pillowtop, it should probably be flipped as well as rotated.

Clean your mattress. Strip the mattress of all linens and covers. Start by vacuuming the mattress with the upholstery attachment, paying close attention to crevices and seams. Next, sprinkle baking soda (up to a one-pound box) all over the surface of your mattress. Let this sit for at least an hour, but 24 hours is best. Then go back over your mattress with your vacuum’s upholstery attachment again. If you have a steam cleaner, break it out and go over your whole mattress. The steam will reach further into the mattress than your vacuum is able to, and kills dust mites. *It is generally not recommended to clean memory foam with a steam cleaner.

Organize & clean the laundry room. Clean the outside of your washer and dryer; scrape any dried detergent from crevices. Next, clean the inside of the washing machine. Most newer models have a self-cleaning cycle. If you have an older machine that does not have a self-cleaning cycle, run a cycle with hot water and a quart of white vinegar. After it is finished, clean the detergent dispensers, using a vinegar and water solution and a scrubber. If you have a front-loader, be sure to clean the rubber seal on the door. This area is prone to mold growth, so use an all-purpose cleaner or maybe even bleach to get under and around the seal.

Next, organize a bit. Throw away products you never use, replace damaged sorting bins, and don’t forget to clean out the dryer vent to prevent a fire.

Deep clean the fridge. Twice a year (or more), you should give your fridge a front-to-back, top-down scrubbing. Start by taking everything out and throw away anything that has expired. Next, remove all the shelves and drawers. Put them to soak in a solution of two tablespoons baking soda and one-quart hot water. While they are soaking, wipe down the interior of the fridge with the same solution. Then scrub, rinse and dry the shelves and drawers.

Next, dry the drip pan. Remove the base grill, and pull out the drip pan. If it’s full of water, mop it with paper towels and wash the pan with soapy water. If your drop pan is fixed in place, wrap a cloth around the head of a long-handled brush and use to clean the pan.

Don’t forget the coils. In order to keep your refrigerator running efficiently, unplug it, pull it away from the wall, and use a coil brush or your vacuum’s crevice attachment to clean the condenser coils. This should be done at least twice a year, unless you have pets in the home, and then you should do this three to four times a year.

Clean out spice cabinet. Throw away all expired spices and seasonings. Not only do these lose taste, they actually harbor mold and bacteria.

Clean out expired medications & vitamins If you have unused medications, please take them to your local pharmacy for proper disposal.

Vacuum, wash, or steam window curtains

 Wash window blinds

Add color to your table. Treat yourself to fresh flowers while waiting for the spring blooms outside.

And if you’re ready to get some deep cleaning done, check out this blog for the Ultimate Spring Cleaning Checklist.

Posted on January 30, 2019 at 9:55 pm
Greg and Janet Buehler | Category: Uncategorized

Q4 2018 – South Snohomish County Quarterly Market Trends

2018 was a year of change and growth. The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 85%! Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have experienced, resulting in well-established equity levels. In 2018, inventory averaged 1.5 months, double that of 2017. This caused the month-over-month price gains to slow, and we experienced a price correction over the second half of the year. We expect to see more average levels of price appreciation in 2019 as the market continues to balance out.

After six years of expansion resulting in an extreme seller’s market, in 2018 we encountered a market shift in the late spring. Inventory increased, interest rates took a jump, and demand took a step back to re-evaluate the new playing field. This resulted in a tempering of month-over-month price appreciation, and has established some long-awaited balance. This balance has brought opportunities for both buyers and sellers. Buyers have more selection and are negotiating terms like inspection items and concessions. Sellers are sitting on 6+ years of equity growth, and are now able to sell their home and make a move without fearing where they will land next. Interest rates are still well below the 30-year average, currently hovering just under 5%. We are seeing demand start to re-engage now that the new normal has settled in.

This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on January 16, 2019 at 3:10 am
Greg and Janet Buehler | Category: Uncategorized