Real Estate April 2, 2014

Mill Creek WA Real Estate Statistics

February 2014 was a neutral real estate market. The number of for sale listings was up 84.6% from one year earlier and up 9.1% from previous month.

The number of sold listings decreased 29.4% year over year and the same month over month. The number of under contract listings was up 35.3% comparing to previous month and up 64.3% comparing to previous year. The months of Inventory based on closed sales is 4, up 161.5% from previous year.

The average sold price per square footage was up 4.3% comparing to previous month and up 2.3% comparing to last year. The median sold price increased by 3.1% from last month. The average sold price also increased by 6.9% from last month. Based on the 6 month trend, the average sold price trend is "neutral" and the median sold price trend is "neutral".

The average days on market showed a upward trend, a decrease of 10.5% comparing to previous year. The ratio of sold price vs. original list
price is 94%, a decrease of 1.1% comparing to previous year.

If you are considering a Mill Creek home sale or purchase, give Steve a call, text or email. After all, Steve is an expert in Mill Creek real estate!

??-Steve and Sandra

206-769-9577
stevehill@windermere.com

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Real Estate April 1, 2014

Blue Ridge Seattle WA Real Estate Statistics

Check out these most recent sales statistics for Seattle's Blue Ridge neighborhood below. There continues to be very little inventory for sale in this very popular Seattle neighborhood. February 2014 was a Seller's market!

The number of for sale listings were down 100% from previous month. The number of sold listings increased 100% month over month. The number of of homes under contract  was down 100% comparing to previous month. The months of inventory based on closed sales is 0.

The average sold price per square foot was down 14.2% comparing to the previous month. The median sold price decreased by 43.6% from the previous
month. The average sold price also decreased by 43.7% from the previous month. Based on the 6 month trend, the average sold price trend is "neutral"
and the Median Sold Price trend is "neutral". The average days on market showed a neutral trend. The ratio of sold price vs. original list price is 89%.

We recently had the opportunity to find and sell a home to one of our buyer clients. After negotiating on our buyer's behalf, we were able to obtain a $1.675M Blue Ridge view home for $1.4M. What a pleasure it was to negotiate a great deal for our client!

If you are considering a Blue Ridge home sale or purchase, give us a call, email or text. After all, we are Northwest Seattle real estate experts!

-Steve and Sandra

206-769-9577
stevehill@windermere.com

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Real Estate March 31, 2014

Sunset Hill Seattle WA Real Estate Statistics

Check out these most recent real estate statistics below for Seattle's Sunset Hill neighborhood.

February 2014 was a seller's market! The average sold price per square foota was up 19.4% comparing to the previous month. The median sold price increased by 25.1% from the previous month.
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The Average Sold Price also increased by 19.3% from last month. Based on the 6 month trend, the average sold price trend is "Neutral" and the median sold Price trend is "neutral".

The average days on market showed a downward trend. The ratio of sold price vs. original list price is 101%.

Check out the current homes for sale in Sunset Hill HERE.

Considering a purchase or sale in Seattle's Sunset neighborhood? Give us a call, text or email. We are Northwest Seattle real estate experts!

​​-Steve and Sandra

206-769-9577
stevehill@windermere.com

BrennerHill.com
BrennerHillReviews.com

 

 

Real Estate March 29, 2014

OPEN SUNDAY 11715 North Park Ave N

Open Sunday
March 30th 1PM-4PM

11715 North Park Ave N
Seattle WA 98133

Stop by Sunday to see this affordable Seattle home. This sweet 1925 Farmhouse is a gardener's dream. The home is surrounded by easy to care for shrubs and perennials which are just now starting to bloom. The main level features two bedrooms and a full bath. The living room and dining room are open to each other and feature large picture windows and a wood burning fireplace. The kitchen enjoys easy access and views to the back yard. The sun room off of the kitchen will be a favorite place. Conveniently located near parks, schools, shopping and major routes.

Online at: AtHomeInBroadview.com

​​-Steve and Sandra

206-769-9577
stevehill@windermere.com

BrennerHill.com
BrennerHillReviews.com

 

Real Estate March 29, 2014

Seattle Washington REALTORS

Did you know that only half of Washington State real estate brokers are REALTORS? The REALTOR Association advances the professionalism and reputation of its members by effecting and promoting policies that preserve and expand real property rights and housing affordability, and by providing programs and services that enhance members’ abilities to conduct their business successfully with integrity and competency.

We are proud to call ourselves REALTORS, not every real estate broker can!

-Steve and Sandra

206-769-9577
stevehill@windermere.com

BrennerHill.com
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Real Estate March 28, 2014

3 Big Myths About Seattle Area Home Buying

There are myths about the home shopping experience that must be addressed. We like to make the home buying experience as stress-free as possible, so please read these three big myths about home buying:

Myth #1: “That house has been on the market so long I bet we can work the seller down easily.”

Not necessarily. Exceptionally high days on market could mean almost anything. The seller could be bullheaded about their price. The seller may not be particularly motivated to sell for emotional or other personal reasons. Don’t forget: A sales-weary seller isn’t likely to respond to your host of rational reasons why their house should be a bargain.

Myth #2: “I want to look at foreclosed homes because they’re a real bargain and the banks need to unload them.”

Banks, like entrenched sellers, don’t always make decisions which seem rational based on obvious information. You can have a hard time divining the reason a bank chooses to reject an offer for a foreclosed or distressed property, and their decision may be based on financials which seem counterintuitive. The truth is, many distressed sales can be longer and more fraught than regular sales.

Myth #3: “I liked this house a lot, but with this market, I bet it will still be there if I decide to buy it.”

It’s very, very painful to see a client love a home but fail to make a move to purchase that home. If you fell in love with it, why wouldn’t someone else? Just because a property has been on the market a little while doesn’t mean it will stay on the market. The bonus myth in this one? Your “perfect” home is probably going to be a home with some small compromises. If you don’t make an offer on a home, you’re effectively saying, “I’m comfortable losing this home.”

Our job as your broker is to represent your interests and do our best to protect you along the way. If you’re pursuing a home purchase in the near future, please get in touch. There are many other ways we can lower your stress and help you find a great home

Real Estate March 27, 2014

Ballard – Seattle WA Real Estate Statistics

The housing market in Seattle's Ballard neighborhood continues to be on fire! Check out the statistics below to see what's going on in Ballard's single family home housing market. If you are considering a purchase or sale in this trendy Seattle neighborhood, give us a call, text or email. We are experts in Northwest Seattle real estate!

​-Steve and Sandra

206-769-9577
stevehill@windermere.com

BrennerHill.com
BrennerHillReviews.com

Real Estate Statistics March 26, 2014

Broadview – Seattle WA Real Estate Statistics

Check out the graph below to see the latest real estate statistics for Seattle's Broadview neighborhood located in zip codes 98177 and 98133.

If you are considering a purchase or sale in this wonderful Seattle neighborhood, give us a call, text or email. We are experts in Northwest Seattle real estate!

-Steve and Sandra

 

Real Estate March 26, 2014

Freddie Mac: Doubtful Rates Will Return to Recent Lows

"One thing seems certain: we aren't likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012."

– Freddie Mac,  March 24, 2014

There are those that hope that 30-year mortgage interest rates will head back under 4%. Obviously, for any prospective home purchaser that would be great news. However, there is probably a greater chance that interest rates will return to the greater than 6% rate of the last decade before they would return to the less than 3.5% rate of 2012.

Freddie Mac, in one of four original posts on their new blog, explained that current rates are still extremely low compared to historic averages:

"The all-time record low – since Freddie Mac began tracking mortgage rates in 1971 – was 3.31% in November 2012. Conversely, the all-time record high occurred in October of 1981, hitting 18.63%. That's more than four times higher than today's average 30-year fixed rate of 4.32% as of March 20…rates hovering around 4.5% may be high relative to last year, but something to celebrate compared to almost any year since 1971."

If you are thinking of buying a home, waiting for a dramatic decrease in mortgage rates might not make sense. Give us a call or text today and let us help you find your new home, we will guide you every step of the way.

Houseboats Seattle March 23, 2014

Seattle House Boats

Seattle is surrounded by beautiful mountains and expansive bodies of water. With that said, Seattle is home to a large number of house boats or "floating homes"; including the famed house boat featured in the move When Harry Met Sally.

Owning a floating home is a unique experience and is not suited for everyone. There are special expenses associated with floating homes but the payoff can be great. No lawn to mow and if traffic is at a standstill, just hop on your boat and head over to one of Seattle's great restaurants sitting on the shores of Lake Union, Lake Washington or Puget Sound.

Below is a video of a small floating home that Sandra made a few years ago.

If you are curious what house boats are currently for sale in Seattle, go HERE to see some fabulous properties floating around town. If you are in the market for a house boat, give us a call or text at 206-769-9577, we would be happy to provide you with an educational tour of these unique homes.

-Steve and Sandra