Category: How’s the Market?

Windermere vs. Redfin Agents

Spotted this interested comparison in our Twitter feed the other day and thought it was worth a share. If you are considering using a Redfin agent to buy a home in metro-Seattle, you may end up paying too much. Get in touch with our team if you’re interested in learning how our unique approach to real estate can save you time and money. ...

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Real Estate Update: Seattle – July 2014

Arboretum: The average sales price of single family homes in Arboretum in July was $735,000, down slightly from what the neighborhood saw in June. However there are currently ZERO listings in Arboretum for sale which means if you are interested in selling, now may be the time to do it! Broadmoor: In July the average price per square footage of ...

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Market Update: Capitol Hill – July 2014

The average price per square foot of July home sales in Capitol Hill was at its highest dollar amount in well over 2 years at $400. This is a whopping 15.7% increase over sales in June and up a total of 26.8% over the previous year. The ratio of sales price to sellers’ asking price was up as well, with sellers receiving, on average offers at ...

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Buying a home? When to talk to a lender.

If you are thinking about buying a home, it is absolutely critical, especially in our highly competitive Seattle market, to get pre-approved for a loan before making that first offer. When you find yourself in a multiple offer situation as so many buyers these days do, you want to make sure that you are positioning yourself as the strongest ...

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Market Update: Ballard – June 2014

Just like Capitol Hill and surrounding neighborhoods like Eastlake, Ballard is seeing similar trends in real estate activity and proving to be a seller’s market. In June, the number of homes listed for sale was up 18.2% compared to May, while homes placed under contract was up 13.2%. The average sales price was $570,000 while the total ...

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Real Estate Update: Seattle – June 2014

Real estate sales in certain neighborhood pockets of Seattle began to balance out in June, which is good news for buyers. Here is a quick look at how the market is performing in a few of the key neighborhoods we work: Arboretum: The average sales price of single family homes in Arboretum in June was $750,000 while the average price per square ...

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Market Update: Capitol Hill – June 2014

And the trend continues! Once again, Capitol Hill proved to be a seller’s market in June, with the number of homes placed under contract up 10.5% compared to May and up 23.5% compared to the same period last year. Here are some other relevant facts: >>The number of homes listed for sale dropped 3.8% compared to last month, giving ...

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Market Update: Eastlake – May 2014

No surprise here, as with all Seattle neighborhoods right now, Eastlake was a seller’s market in May. Inventory of single family homes in May was down 44.4% compared to April making it a very competitive environment for buyers. Overall though, inventory is up 25% compared to 2013 and the number of homes placed under contract was up a ...

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Market Update: Days on Market

Single Family Homes on Capitol Hill We are seeing a flurry of activity in Capitol Hill and reported last week that this neighborhood is proving to be a seller’s market (check out the data here in case you missed it). As you can see in the graph below, the average days on market was 31 in April and the average sales price was 98% of ...

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Market Update: Capitol Hill – April 2014

April 2014 was a seller’s market on Capitol Hill with available inventory down 4.8% compared to March and down 23.1% compared to the previous year. The number of homes closed in April was up 183.3% compared to the previous month suggesting that buyers are eager to move! If you are interested in selling your Capitol Hill home, let us know ...

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