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Real Estate News

What Two Amazon HQ2 Locations Means for Seattle

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What Two Amazon HQ2 Locations Means for Seattle

Following fourteen long months of speculation, Amazon finally announced its HQ2 destinations in early November, giving the spoils to Long Island City (a section of Queens in New York) and Crystal City (a Virginia town just outside of Washington D.C.). Amazon publicly announced their search for an HQ2 location back in September 2017, which was quickly followed by the clamor of cities vying for the e-commerce giant’s attention. After narrowing down to a list of twenty cities earlier this year, many were surprised when the rumor of two HQ2’s began to swirl and was finally confirmed by Amazon.

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Housing Market Numbers for the Third Quarter of 2018

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Housing Market Numbers for the Third Quarter of 2018

The housing market numbers are in for the third quarter of 2018 (the months of July, August and September) and Realogics Sotheby’s International Realty has analyzed the data. After seemingly endless months of the same headlines touting historically low inventory and rapidly appreciating home price values, the story has changed in the Puget Sound region as inventory growth and a slowdown in activity has given buyers a sigh of relief. Below we’ve outlined how this impacted the market in Q3-2018 on the Eastside.

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Seattle Housing Market Still Steady

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Seattle Housing Market Still Steady

After 21 months at the top of the S&P CoreLogic Case Schiller Index for highest residential price increases, Seattle is now taking second place to Las Vegas. In the last twelve months Las Vegas, Nevada has had a 13 percent increase and Seattle became runner up at 12.81 percent. Keep in mind, Las Vegas was one of the hardest hit cities after the 2008 housing crisis and subsequent recession.

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Housing Market Numbers for the Second Quarter of 2018

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Housing Market Numbers for the Second Quarter of 2018

The housing market numbers are in for the second quarter of 2018 (the months of April, May, and June) and Realogics Sotheby's International Realty have analyzed the data. Here are a few quick facts about how the Seattle-Metro area fared. Home prices on the Eastside, as well as in Seattle, have continued their upward climb, hitting 20 consecutive months on the rise. This quarter did bring some interesting trends, however. 

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Seattle-Area Home Prices and Inventory Update

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Seattle-Area Home Prices and Inventory Update

Despite an increase in inventory in May, single-family home prices have reached new highs. The Seattle Times reports, "The median price of a single-family home in King County was $726,275 in May, surpassing the record high of $725,000 set in April and up 15 percent compared to the previous year." In Seattle, the median home price is up 14 percent from a year ago and set a new record for hitting $830,000 in May. The Eastside was also setting records, with prices increasing 10 percent year-over-year from $950,000 to $960,000 in May. 

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When is The Best Time to Buy Your First Home?

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When is The Best Time to Buy Your First Home?

Purchasing your first home is one of the biggest milestones in a person's life; and whether you're fresh out of college and have hit the ground running at your first well-paying job; or if you've waited and saved and watched the market for years and finally feel ready to take the plunge, we celebrate your decision! However, we also want to make sure you understand the ropes and encourage you to check this list of indicators to see if you're really ready.

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2017 Market Report: Eastside Review

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2017 Market Report: Eastside Review

The year 2017 brought many interesting milestones for our brokerage, Realogics Sotheby's International Realty; and the real estate market over the past year surely kept us on our toes! Newly published, the 2017/2018 Market Report: Year Review & Trends to Watch delves deep into market statistics in the surrounding Western Washington area, including the counties of San Juan, Island, Kitsap, Jefferson, Pierce, King, Snohomish, and Skagit. 

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Features That May Boost Your Home's Value

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Features That May Boost Your Home's Value

Spring is officially here and for many that means getting homes spruced up with a little spring cleaning; and for others, it means it's time to get some work done on their homes to get ready sell. This can be a touchy subject as many people believe that making changes to their home before selling is a waste of money or a frivolous thing to do before selling to someone who may not even appreciate their hard work. There have been a few articles we've come across lately explaining which home features have the best resale value and look more desirable for buyers.

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Catherine Ferrera's April Newsletter

 
The diverse events, happenings, and experiences in the Puget Sound are unlike any other.
From the Kirkland Wine Walk on April 20th to 425 Magazine's Women to Watch event at Meydenbauer Center, see what's going on in your neighborhood this month. 

Explore Events >
 
 
 
1502 Taylor Avenue N, Seattle  Welcome home to this charming home with views of Lake Union, the city, Space Needle, and the Cascade Mountains. Centrally located with easy access to I-5, 99 and walkable to restaurants, cafes and South Lake Union. Great entertainment home, with Trex view decks and a 2-car garage. Offered at $998,000.

Explore Property >
 
 
As Seattle's median home price tops $690,000, it is no surprise that many people are starting to look at options outside of the city. After all, a little extra commute is an easy trade for a more reasonably priced place to live. Check out Seattle Magazine's list of Seattle suburbs with the most affordable homes.

Read More >
 
 

This month, I highly suggest checking out Woodinville's new restaurant, Heritage. The chef-owner, Breanna Beike, is a client of mine who recently moved from Seattle to Woodinville. I had the opportunity to work with her and her husband on the purchase of their home and she is now opening the restaurant of her dreams. Read more about her journey in the 425 Magazine article linked below.

Congratulations, Breanna - I can’t wait to be one of your first customers!

Read More >

 
 

1) 7341 125th Place SE, Newcastle  PENDING IN 3 DAYS! This spectacularly maintained 4 bedroom home is located in the desirable Newport Woods neighborhood, minutes from schools, shopping, parks, and freeway access. Offered at $574,995.  Explore Property >


2) 440 11th Avenue W, Kirkland
  Remodeled in 2017, this custom-built home offers 4,462 square feet of elegant living spaces with gorgeous millwork, thoughtful appointments, and innovative design throughout. This luxury home features 4 bedrooms/ 4.25 baths inclusive of a detached ADU. Offered at $3,350,000.  
Explore Property >


3) 225 19th Place, Kirkland
  Well maintained, 5 bedroom, 2.5 bathroom,  East of Market home on a cul-de-sac. Enjoy watching sunsets from the large covered porch. Peek-a-boo views of Lake Washington and the Olympics. Functional floor plan with living and dining room. Offered at $1,188,000.  
Explore Property >

 
 
Mortgage rates have risen nearly half a percentage point since September 2017. While this matters, these rates should not be the only variable that goes into your decision to buy a home. Learn more about how rising rates affect your monthly payment and if experts think that these higher rates are the "new normal."

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In both Seattle and on the Eastside, home-sales data from February broke records once again as Seattle's median single-family-home price hit $777,000, while the median cost of a house on the Eastside reached $950,000.

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Sotheby’s International Realty Affiliates LLC recently reported that in 2017 its affiliated brokers and sales professionals achieved approximately $108 billion USD in global sales volume, the highest annual sales volume performance in the history of the brand.

Read More >
 

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Tips for Buying in a Tight Housing Market

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Tips for Buying in a Tight Housing Market

The news continues to confirm that Seattle is the hottest market in the nation. Seattle ended the calendar year in 2017 at a year-over-year 12.7 percent increase in home prices. Meanwhile, housing inventory remains extremely low. “The Seattle metropolitan area, which includes Tacoma, Bellevue, and Everett, ended [2017] with 20.1 percent fewer homes on the market than in December 2016,” states Seattle Curbed. So, how can you possibly expect to buy a home in this market? We have a few tips, pulled from a recent Forbes article, to help you get a leg up.

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Market Trends from Around the Sound

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Market Trends from Around the Sound

I am proud to present a look at the housing market trends for the fourth quarter of 2017, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.

Seattle  |  Single Family Homes

Seattle home prices continued to reach far beyond seller’s expectations in Q4-2017, as the median sales price increased 16.7% year-over-year to %882,000. View report here

Eastside  |  Residential

Q4-2017 posted impressive gains on the Eastside, as the average sales price increased 11% compared to last year and the days on market plummeted to 26 days. View report here.

Bainbridge Island  |  Residential

Bainbridge Island continues to attract buyers, as the number of homes sold was up slightly compared to Q4-2016 despite a sharp 32.9% decrease in inventory. View report here

Seattle  |  Condominiums

The average sales prices for condominiums in Seattle as a whole increased by 11.6% compared to the third quarter of 2016, while the value of condos in the downtown core continues to skyrocket. View report here

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Bitcoin and Real Estate: What You Need to Know

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Bitcoin and Real Estate: What You Need to Know

In a first for the Seattle-area, a local man recently purchased a home (in Tukwila) with cryptocurrency. The Seattle Times reported that, "...the buyer used a combination of bitcoin cash (a new type of Bitcoin) and several other cryptocurrencies for the 10 percent down payment and to help secure a conventional mortgage for the remaining cost of the house."

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