KIRKLAND, Washington (March 7, 2016) - Home prices in King County hit new highs in February as buyers tried to outbid each other for the sparse inventory in much of Western Washington. "We're in for another crazy spring real estate market," predicts J. Lennox Scott, chairman and CEO of John L. Scott, Inc. With the number of single family homes for sale in King County down nearly 30 percent from a...
I am keenly aware of how my role has evolved for our sellers over the last few years. Creating a compelling presentation for our client's homes has always been important. However, in the market we have had since 2013, extracting value from competing offers is where the real money is made for our clients! As illustrated in one of our recent articles... "Instead of the seller trying to ‘win’ the...
Housing activity in Western Washington ranges from “red hot” to “slowly healing” KIRKLAND, Wash. (May 6, 2014) – Brokers report some skittishness among both buyers and sellers, but the latest statistics from Northwest Multiple Listing Service indicate the housing market is continuing to rebound. Both the number of pending sales and the number of new listings added to inventory during April...
KIRKLAND, Wash. (April 3, 2014) – Northwest Multiple Listing Service brokers reported rising prices on fewer sales during March compared to a year ago, citing inventory shortages as the main reason. Members of the MLS reported 9,183 pending sales (mutually accepted offers) during the month, about 300 fewer than the same period a year ago for a 3.2 percent drop. Compared to February, pending sales...
DAILY REAL ESTATE NEWS | THURSDAY, FEBRUARY 13, 2014 Mortgage delinquencies nationwide have plummeted to their lowest level in more than five years, as more home owners are coming out of the red on their payments, according to credit reporting agency TransUnion. The number of borrowers who are at least two months behind on their mortgage payments dropped to 3.85 percent in the fourth quarter of...
DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 12, 2014 Strong year-over-year price gains are starting to take a bite into housing affordability, particularly in the West, according to the National Association of REALTORS®’ latest quarterly report. The median single-family home price rose in 73 percent of the markets, or 119 out of 164 metro areas, in the fourth quarter of 2013, with 26...
KIRKLAND, Wash. (Feb. 5, 2014) – Home sales during January may not have been as super as the Seahawks’ performances, but brokers cite several reasons for optimism during 2014. “We are finally going to be looking at the ‘housing crisis’ in the rear view mirror,” said Mike Gain, CEO and president of Berkshire Hathaway HomeServices Northwest Real Estate. “In 2014 we are definitely in full...
Homebuilder Says It's Upbeat Enough to Raise Prices Again DAILY REAL ESTATE NEWS | WEDNESDAY, JANUARY 29, 2014 D.R. Horton, the largest U.S. home builder by homes sold, announced that strong sales will allow the company to raise prices for an early start of the spring home-selling season. The homebuilder announced a 4 percent increase in sales contracts in the first fiscal quarter ending Dec....
Northwest MLS brokers report nearly $25.5 billion in sales for 2013, outgaining prior year in both number of homes sold and dollar volume! KIRKLAND, Wash. (Jan. 22, 2014) – Members of Northwest Multiple Listing Service reported 75,517 closed sales during 2013, surpassing the 2012 volume by around 11,000 transactions for an increase of nearly 17 percent. Measured by dollars, last year’s sales of...
From the Northwest Multiple Listing Service: FOR IMMEDIATE RELEASE: March 5, 2012 Washington homebuyers realizing "market may have reached bottom of cycle" KIRKLAND, Wash. (March 5, 2012) – With spring on the horizon and consumer confidence on the rise, members of Northwest Multiple Listing Service are reporting positive gains in activity. Pending sales for February increased more than 27...
Repost of a Press Release from http://www.waschoolexcellence.org/ Full text of the Washington State Supreme Court Decision on Jan 5th 2012 can be found here: Education in the New: Washington Supreme Court Decision In a clear win for children, the Washington State Supreme Court ruled unanimously today that the state was violating its constitutional paramount duty to amply fund K-12 education. This is a...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others!...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others!...
My usual statistics are unavailable this week, so we are going to look at something different. As in the past... I will use the great information from Trendgraphix. We are going to chart the Seattle Metro Residential market since February 2007. Here is the trend for homes over the last year. This first chart shows how the inventory has climbed steadily since last year and sales have...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week's update is coming to you on Tuesday, due to the Memorial Day holiday. I was busy playing with my kids! :-) This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others!...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Seattle Area over the last 7 weeks. It appears that Seattle is back on the mend with many of the numbers returning to a balanced market. In fact, some areas and price ranges are clearly favoring the seller! When looking at these...
My usual stattistics are unavailable this week, so we are going to look at something different. Thanks to the great information from Trendgraphix, which we subscribe to, we are going to chart the condo market since January 2007. Here is the trend for condos over the last year. This first chart shows how the inventory has climbed steeply since last year and sales have fallen. We had as much as 64% of...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others!...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Seattle Area over the last 7 weeks. It appears that Seattle is back on the mend with many of the numbers returning to a balanced market. In fact, some areas and price ranges are clearly favoring the seller! When looking at these numbers,...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others!...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others!...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Seattle Area over the last 7 weeks. It appears that Seattle is back on the mend with many of the numbers returning to a balanced market. In fact, some areas and price ranges are clearly favoring the seller! When looking at these...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep the following in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than...
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