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Real Estate News

Learn about local real estate and housing market trends from The Cascade Team Real Estate.

Found 75 blog entries about Real Estate News.

Are you on the fence on whether now is a good time to purchase a home? With low rates and better inventory than the area has seen in years, now is an excellent time to buy. In fact, according to Danny Forbes from Caliber Home Loans, it could cost you to wait. Here's a chart he sent detailing the costs of waiting in King County according to current projections of both home value and mortgage rates:

 

 

 

 

If you're ready to jump off that fence - give me call! I would love to assist you in all your real estate needs!

 

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Even more great news for buyers! Not only is there ton more inventory to choose from than has been available the last few years, mortgage rates are dropping as well. This last week saw the biggest one-week drop in a decade. Rates overall are down almost a full point (1%!) from last October. Now is a great time to buy - if you've been on the fence, let's get you a home! Contact me anytime for all your real estate needs, I'd love to help you get into your new home.

See the article below from freddiemac.com (source link below, along with a good read from fortune.com regarding the rate drop):

 

The Federal Reserve's concern about the prospects for slowing economic growth caused investor jitters to drive down mortgage rates by the largest amount in

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The Seattle City Council votes today on whether to allow taller buildings and denser construction in 27 Seattle neighborhoods while adopting new requirements for developers to help create affordable housing.

But if it passes the vote, exactly which neighborhoods are being impacted and how? Well, the short answer is it's complicated. Many different zones and many different areas in each zone are impacted differently. There's a lot to sort out.

However, there is a website that the city provided that has that information on an interactive GIS map. You can see on the map which areas are in the plan, down to the block. You can also zoom in and click on certain areas to see the detail of the plan for that specific area. You can even enter in your address

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Northwest Seattle Market Stats

Welcome! Here we'll look at statistics from 3 different neighborhoods in Northwest Seattle, and then also Seattle as a whole for comparison. The 3 neighborhoods we'll look at here are - Ballard, Blue Ridge/North Beach, and Greenwood + Broadview.

This first chart has the median sales price for the previous month, and data to compare from the same month for the previous 2 years 

 

The next chart has the overall price per square foot data for the previous month, and data to compare from the same month for the previous 2 years:

 

Next we'll look at the number of new listings for the previous month, and data to compare from the same month for the previous 2 years:

 

Now we'll look at

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There’s no shortage of advice online about the best time to list, and it all goes something like this: The vast majority of home sales occur when the weather heats up, and homes sold during this time of year tend to attract high prices. Conventional wisdom tells us it’s best to list early in the year. That way, you’re sure to benefit from the Spring peak in sales, and the premium pricing during the warmer months as well. List too late, we’re warned, and you could miss this warm weather bump.

At first blush, this conventional wisdom seems particularly wise. After all, there’s one thing that all homeowners looking to sell have in common — they want to do so as quickly as possible, and for as much money as possible. Listing early, in theory, means

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Selling your home these days isn’t as simple as it used to be. With the explosion of real estate marketing on the Internet, prospective buyers can do their initial home shopping online. While this means that your listed property will be viewed by more prospective customers, it also means that many other properties will also be showcased, making for a much more competitive market.

While sales in the existing home market are expected to take a tick up early in 2019, there is a lot of concern about raising interest rates and economic uncertainty in the future. We are also looking for increasing inventory levels to start as early as March of this year with predictions of the greatest amount of housing inventory to hit the market in five years by May.

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KIRKLAND, Washington (February 7, 2019) – Homebuyers around Washington state are making their
way back to the market, hoping to take advantage of improving inventory, attractive interest rates, and
more approachable sellers, according to officials with Northwest Multiple Listing Service.

Northwest MLS statistics for January show year-over-year improvement in the volume of new listings
and total inventory, along with moderating selling prices. Although fewer pending sales (mutually
accepted offers) were reported than a year ago (down about 3.3 percent), January was the smallest year over-
year decline since May 2018 when the drop was about 2.7 percent.

Commenting on the MLS statistics summarizing last month’s activity, broker Gary O’Leyar said
January’s

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Seattle Real Estate Trends

Here we are with the latest on how the market is going in Seattle and there's a lot of great information to share in the infographic below. Generally speaking, we're still short on inventory of homes for buyers to choose from. While inventory is down,  other key indicators are all showing gains due to the tight market. Need some insight on how this info applies to your plans? Contact me. 

By the way, look at those average sold prices. If they sold with The Cascade Team's full service for 1% listing fees, a condo seller would have saved over $12,000. A home seller would have saved over $17,000!

 

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North Seattle: Name Your Selling Price And We'll Bring The Buyers! 

2017 was a record year for the Seattle area. Some sections of the housing market increased by nearly 30% with the over-all price for a home increasing just under 17% for the year. Take a look at an in-depth review of The Issaquah Highlands market from the number 1 listing brokerage in the Issaquah Highlands and see where the housing market has grown, the highest priced SOLD home, the home that went the MOST over asking price, and also get an idea of what to expect in 2018

With record low inventory literally causing a Housing Shortage Crisis, We have many buyers out there looking and with a lack of inventory, we may just have a buyer for your home.  All it takes is 30 seconds to

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“Information and statistics derived from Northwest Multiple Listing Service.”

  • Even as more homes come on the market for this popular sales season, they're flying off fast.
  • Home prices have now surpassed their last peak, and at the entry level, where demand is highest, sellers are in the driver's seat.

Spring homebuyers are pounding the pavement at a furious pace, but the pickings are getting ever slimmer.

Even as more homes come on the market for this traditionally popular sales season, they're flying off fast, with bidding wars par for the course. Home prices have now surpassed their last peak, and at the entry level, where demand is highest, sellers are firmly in the driver's seat.

Northwest MLS figures for last month show a

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