Magnolia, Seattle Real Estate Update

If you are thinking of buying or listing homes for sale in Magnolia, Seattle, the first step is finding a Magnolia, Seattle Realtor. The second is understanding what is happening in the Magnolia, Seattle Real Estate Market. A Magnolia, Seattle Realtor can help you understand what is happening in the Magnolia, Seattle Real Estate Market. You can use details like average and median sold prices, month supply and days on market to strategize. As a seller, you know how to price appropriately for the current market. As a buyer, you understand your position in the market and can use that to your advantage by learning what makes a competitive offer. So how is the Magnolia, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Magnolia, Seattle goes, prices are up. The average is up 13% at $1,054,590. The median sold price is up 20.4% at $940,000. To understand how much negotiation room you have, the average percentage of list price for this neighborhood is at 103.4%. Your realtor in Magnolia, Seattle will further explain how you can use this number to your benefit, but this indicates your negotiation power.

When it comes to inventory, buyers get some good news as the amount of Magnolia, Seattle homes for sale is up 15.2%. New listings are down 7.1%. Closed sales are down 20.4% and pending sales are down 22.7%. These decreases are a result of a low month supply. The current month supply is, thankfully, up 25% at 1.5. It isn’t a lot, and we are still definitely in a seller’s market, but the littlest bit helps buyers. To understand this number, anything 6 or over is considered balanced while anything less than 4 is a seller’s market. The median days on market for Magnolia, Seattle homes for sale is 8 while the average is 23.

 

If you are looking for a Magnolia, Seattle Realtor or Magnolia, Seattle homes for sale, feel free to give me a call. I would be happy to help! For more market reports, visit the team site www.teamshutes.com


Posted on October 14, 2018 at 2:20 am
Scott Shutes | Posted in Uncategorized |

Monthly Seattle, WA Real Estate Update

If you are in the market to list or buy homes for sale in Seattle, WA, you will want to find a Seattle Realtor and understand the current Seattle Real Estate market conditions. A Seattle Realtor can give you an accurate update on how the Seattle Real Estate Market is doing and its impact on you as a buyer or seller. Knowing things like days on market, average and median sold prices for homes for sale in Seattle and month supply can benefit both parties. As a buyer, you can work with your realtor to craft a competitive offer that stands out in the stack. As a seller, you can price according to market which ensures a short market time and attracting multiple good offers. So how is the Seattle Real Estate market doing? Let’s take a look!

While the Seattle real estate market has actually cooled, sellers still get good news this month knowing that prices are up. The average sold price for homes for sale in Seattle is up 13.2% at $805,331 from this time last year. This is also up from last month. The median sold price for Seattle, WA homes for sale is up 11.8% from this time last year at $700,750. This number is barely up from last month. The average percentage of list price, however, is down from this time last year AND last month at 103.8%. The average percentage of list price is an important tool as it suggests your negotiation power when accepting or making an offer. While this tells us that on average, Seattle, WA homes for sale are going for over asking, due to the cooling of the market, this number is starting to come down. Your realtor in Seattle, WA can further explain this number.

Good news for buyer! The amount of new listings is up 10.8%! Homes for sale in Seattle, WA in general are also up 30.8%. Pending sales and closed sales are both down around 7.8%. The month supply for Seattle real estate is actually up 44.4% at 1.30. This is big for buyers. The month supply determines the amount of inventory and who has control of the market. We need a 6 month supply to be considered balanced and anything less than 4 is a seller’s market. So while we may still be in a seller’s market, the more inventory, the better. Days on market are still 8 for the median and 18 for the average, so no change there. If you are looking for a Seattle Realtor or Seattle homes for sale, feel free to give me a call. I would be happy to help! For more market reports, visit our team site at www.teamshutes.com


Posted on October 1, 2018 at 2:14 am
Scott Shutes | Posted in Uncategorized |

Queen Anne, Seattle Real Estate Report

When it comes to selling or buying homes for sale in Queen Anne, Seattle, you want to make sure you fully understand the current market conditions and how they impact you. The best way to get started is by choosing a Queen Anne, Seattle Realtor who will represent you. A Queen Anne, Seattle Realtor is the only person who can accurately inform you of what is happening in the Queen Anne, Seattle Real Estate Market. Details like average and median sold prices, month supply and days on market can be used to your advantage. As a buyer, these details help you put together an attractive offer that sellers look for in this competitive market. As a seller, knowing these details help you price your property according to market value. This allows you to experience a shorter time on the market as well as attract multiple offers which can result in closing at over asking. So how is the Queen Anne, Seattle Real Estate market doing? Let’s take a look!

The average and median sold prices for homes for sale in Queen Anne, Seattle are up compared to this time last year. The average is up 9.4% from this time last year (and last month) at $991,591. The median sold price is up 9.4% from last year at $870,000, however this number is unchanged from the past few months. The average percentage of list price is up from this time last year and is now at 103.6% for this neighborhood. However this is down from last month’s 104.1%. Your realtor in Queen Anne, Seattle can explain how this number can be used to your benefit, but in a nutshell, it indicates your negotiation power while also telling us that on average, Queen Anne, Seattle homes for sale are going for over asking.

As far as inventory in this neighborhood is concerned, the amount of Queen Anne, Seattle homes for sale is up 14.3% while the amount of new listings is up 7.4%. Closed sales are down 15.5% while pending sales are down 9.3%. The month supply is up 20% and is now at 1.2. This has been steadily going up the past couple months which is good news for sellers. To understand month supply, it tells us who has control of the Queen Anne, Seattle real estate market. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Both the average and median days on market are down. The median days on market for Queen Anne, Seattle homes for sale is 9 while the average is 19.

If you are looking for a Queen Anne, Seattle Realtor or Queen Anne, Seattle homes for sale, feel free to give me a call. I would be happy to help! For more market reports, visit our team site at www.teamshutes.com


Posted on September 15, 2018 at 8:02 pm
Scott Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Report

If you have been thinking of listing or buying homes for sale in Ballard, Seattle, you will want to make sure you have an accurate understanding of what the Ballard, Seattle real estate market looks like. When you know details like the month supply, days on market and the average and median sold prices of homes for sale in Ballard, Seattle, you can feel confident as both a buyer and seller. The best resource for this info is from a Ballard, Seattle Realtor. As a seller, knowing the sold prices is a great way to price your property according to market value. Pricing appropriately allows you to achieve a shortened market time and hopefully attract multiple offers. As a buyer, you can put together an offer on Ballard, Seattle homes for sale that stands out in our competitive market. So how is the Ballard, Seattle Real Estate market doing? Let’s take a look!

The good news for sellers it that the sold prices for homes for sale in Ballard, Seattle are up compared to this time last year. The average is up 12.5% from this time last year AND last month at $784,118. The median sold price is up 9.3% from last year at $775,000 but has remained unchanged from the last month. The average percentage of list price is down 0.2% from last year at 104.9%. Your realtor in Ballard, Seattle will further explain how you can use this number to your benefit, but it basically tells you your negotiation power and that Ballard, Seattle homes for sale are getting over asking on average.

As far as inventory in this neighborhood is concerned, the amount of Ballard, Seattle homes for sale is up 31.6% while the amount of new listings is down 9.1%. Closed sales are down 19.3% and pending sales are down 21.2%. The month supply is up 50% from this time last year at 0.5, but this is actually unchanged from the past couple months. In a nutshell, this numbers tells us who has control of the Ballard, Seattle real estate market. Anything less than 4 is a seller’s market while anything over 6 is considered balanced. Both the average and median days on market are down. The median days on market for Ballard, Seattle homes for sale is 7 while the average is 12.

If you are looking for a Ballard, Seattle Realtor or Ballard, Seattle homes for sale, feel free to give me a call. I would be happy to help! For more market reports, visit our team site at www.teamshutes.com


Posted on September 3, 2018 at 7:43 pm
Scott Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

If you are looking for homes for sale in Magnolia, Seattle, you have come to the right spot. I have been servicing this neighborhood, along with my team, since 1989. One of the best ways to navigate a desirable neighborhood like Magnolia, Seattle real estate, is by linking up with a qualified and experienced Magnolia, Seattle realtor. Choosing someone who not only knows the current market from actual experience but can also represent you professionally has several benefits to both buyers and sellers. You also will be provided with an accurate analysis of the current Magnolia, Seattle real estate market with details including days on market, average and median sold prices, month supply and more. Sellers can be confident their homes for sale in Magnolia, Seattle will have the best marketing, reaching as many buyers as possible. Not to mention, their chances of attracting multiple offers in a short amount of time is high. Buyers can feel confident that they have someone who can help them craft a competitive offer on Magnolia, Seattle homes for sale that sellers will find attractive.  So how is the Magnolia, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Magnolia, Seattle goes, prices are up. The average is up 13.3% from this time last year and continues to surpass the million-dollar mark at $1,033,462. The median sold price is up 18% at $897,000. To understand how much negotiation room you have, the average percentage of list price for this neighborhood is at 103.8%. Your realtor in Magnolia, Seattle will further explain how you can use this number to your benefit, but in a nutshell, this indicates your negotiation power as well as tells us that Magnolia, Seattle homes for sale are going for over asking.

As far as inventory in this neighborhood is concerned, the amount of Magnolia, Seattle homes for sale is down 2.2% while the amount of new listings is down 6.5%. Closed sales are down 9.7% and pending sales are down 16.8%. The decrease we are seeing in these categories is simply a result of a low month supply. This number is down from this time last year by 7.7% at 1.2. The month supply dictates what kind of market Magnolia, Seattle real estate is in. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Your realtor in Magnolia, Seattle will be able to share what this number is as it changes with the market. Both the average and median days on market are down. The median days on market for Magnolia, Seattle homes for sale is 8 while the average is down to 23.

If you are looking for a Magnolia, Seattle Realtor or Magnolia, Seattle homes for sale, feel free to give me a call. I would be happy to help!


Posted on August 15, 2018 at 7:41 pm
Scott Shutes | Posted in Uncategorized |

Monthly Seattle Real Estate Update

If you are in the market to list or buy homes for sale in Seattle, WA, it is crucial that you work with a Seattle Realtor who can help you understand the current conditions of the Seattle Real Estate Market. Working with an experienced and qualified Seattle realtor allows you to feel confident that you have an advocate equipped to not only guide you through the process, but also professionally represent you. Additionally, a Seattle Realtor can provide you with valuable information on the Seattle Real Estate Market which you can use in your quest to achieve your real estate goals. Days on market, average and median sold prices for homes for sale in Seattle and month supply can benefit both buyers and sellers. As a buyer, you can work with your realtor to craft a competitive offer that stands out in the stack as most homes are getting multiple offers above asking. Sellers, you can know how to price according to the current comparable solds which ensures shortened market times by attracting multiple quality offers. So how is the Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Seattle goes, prices are up. The average is up 14% from this time last year at $794,844 and the median is up 14.3% at $700,000. To understand how much negotiation room you have, the average percentage of list price is currently 104.5% which may be up compared to last year at this time, but is down from this past month. Ask your realtor in Seattle how you can use this to your advantage but note that at the time this blog was published, Seattle homes for sale are going not only for asking, but over.

As far as inventory goes, the amount of Seattle homes for sale is down 4.1% while the amount of new listings is up 5.4%. Closed sales are down 5.3% and pending sales are down 3%. This decrease in inventory is a result of a low month supply. Real Estate in Seattle has been making headlines for some time thanks to high demand and record low properties for sale. This number is at 1. To understand the importance of this number, this dictates what kind of market we are in. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Your realtor in Seattle will be able to share what this number is as it changes with the market. Both the average and median days on market are down. The median days on market for Seattle homes for sale is 8 while the average is down to 17.

If you are looking for a Seattle Realtor or Seattle homes for sale, feel free to give me a call. I would be happy to help!


Posted on August 5, 2018 at 7:33 pm
Scott Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Update

If you have been thinking of listing or buying homes for sale in Ballard, Seattle, you will want to make sure you have an accurate understanding of what the Ballard, Seattle real estate market looks like. When you know details like the month supply, days on market and the average and median sold prices of homes for sale in Ballard, Seattle, you can feel confident you are going to have a successful real estate experience. The best resource for finding out what is happening with homes for sale in Ballard, Seattle is through a Ballard, Seattle Realtor. We have up to date resources straight from the NWMLS that tell us what is happening in the Ballard, Seattle real estate market. Details that can guide you as both a buyer and a seller. As a seller, knowing the sold prices are a great way to price your property according to market value. The benefits of pricing appropriately from the start are a great way to achieve a shortened market time and more than one offer allowing for an increased chance at making money at resale. As a buyer, you can find out the necessary details that help you put together an offer on Ballard, Seattle homes for sale that stands out in our competitive market. So how is the Ballard, Seattle Real Estate market doing? Let’s take a look!

The good news for sellers is that sold prices for homes for sale in Ballard, Seattle are up. The average is up 15% from this time last year at $779,402. The median sold price is up 11.1% at $766,100. These sold prices are not only up from this time last year, but also from last month. The average percentage of list price for this neighborhood is at 106.1%. This indicates your negotiation power & tells us that Ballard, Seattle homes for sale, on average, are going for over asking. Your realtor in Ballard, Seattle can explain how you can use this number to your benefit when it comes to making or accepting an offer.

As far as inventory in this neighborhood is concerned, there is some good news for buyers. The amount of Ballard, Seattle homes for sale is up 5.3%. The amount of new listings is down 11.6%. Closed sales are down 15.5% and pending sales are down 19.9%. The month supply, not shockingly, is low. This number is at 0.5, which tells us this neighborhood basically has almost no inventory. Month supply is important as it tells us who has control of the Ballard, Seattle real estate market. Anything less than 4 is a seller’s market while anything over 6 is considered balanced. Both the average and median days on market are down. The median days on market for Ballard, Seattle homes for sale is 7 while the average is down to 11. If you are looking for a Ballard, Seattle Realtor or Ballard, Seattle homes for sale, feel free to give me a call. I would be happy to help! For more neighborhood monthly reports, visit www.teamshutes.com.


Posted on July 6, 2018 at 11:03 pm
Scott Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

If you are looking for homes for sale in Magnolia, Seattle, you have come to the right spot. I have been servicing this neighborhood, along with me team, since 1989. One of the best ways to navigate a desirable neighborhood like Magnolia, Seattle real estate, is by linking up with a qualified and experienced Magnolia, Seattle realtor. Choosing someone who not only knows the current market from actual experience but can also represent you professionally has several benefits to both buyers and sellers. You also will be provided with an accurate analysis of the current Magnolia, Seattle real estate market with details including days on market, average and median sold prices, month supply and more. Sellers can be confident their homes for sale in Magnolia, Seattle will have the best marketing, reaching as many buyers as possible. Not to mention, their chances of attracting multiple offers in a short amount of time is high. Buyers can feel confident that they have someone who can help them craft a competitive offer on Magnolia, Seattle homes for sale that sellers will find attractive.  So how is the Magnolia, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Magnolia, Seattle goes, prices are up. The average is up 13.2% from this time last year and is officially over the million-dollar mark at $1,004,578. The median sold price is up 16.1% at $871,250. To understand how much negotiation room you have, the average percentage of list price for this neighborhood is at 104.1%. Your realtor in Magnolia, Seattle will further explain how you can use this number to your benefit, but in a nutshell, this indicates your negotiation power as well as tells us that Magnolia, Seattle homes for sale are going for over asking.

As far as inventory in this neighborhood is concerned, the amount of Magnolia, Seattle homes for sale is down 4.3% while the amount of new listings is barely up 0.4%. Closed sales are down 0.2% and pending sales are down 3.3%. The decrease we are seeing in these categories is simply a result of a low month supply. This number is down from this time last year by 21.4% at 1.10. The month supply dictates what kind of market Magnolia, Seattle real estate is in. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Your realtor in Magnolia, Seattle will be able to share what this number is as it changes with the market. Both the average and median days on market are down. The median days on market for Magnolia, Seattle homes for sale is 8 while the average is down to 17.

If you are looking for a Magnolia, Seattle Realtor or Magnolia, Seattle homes for sale, feel free to give me a call. I would be happy to help!


Posted on June 17, 2018 at 6:30 pm
Scott Shutes | Posted in Uncategorized |

Queen Anne, Seattle Real Estate Update

When it comes to selling or buying homes for sale in Queen Anne, Seattle, you want to make sure you fully understand the current market conditions and how they impact you. Especially with this neighborhood’s low inventory and increased prices, buyers are entering a competitive market, and sellers need to be prepared for a fast sale and figuring out which offer is the best for them. The first step in navigating this is by choosing a Queen Anne, Seattle Realtor who will represent you. You don’t want to pick someone simply because they have a license either. You need a professional, qualified Queen Anne, Seattle Realtor who has a proven track record. This allows you to feel confident knowing that you have someone to not only professionally represent you throughout the transaction, but that you also have proper guidance throughout the entire experience. Additionally, a Queen Anne, Seattle Realtor is the only person who can accurately inform you of what is happening in the Queen Anne, Seattle Real Estate Market. Details like average and median sold prices for homes for sale in Queen Anne, Seattle, along with the month supply and days on market change with the market. However, these details can be worked to your advantage and the only way to get them accurately is through a realtor in Queen Anne, Seattle as we use the NWMLS. As a buyer, these details help you put together an attractive offer that sellers look for in this competitive market. As a seller, knowing these details help you price your property according to market value. This allows you to experience a shorter time on the market as well as attract multiple offers which can result in closing at over asking. So how is the Queen Anne, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Queen Anne, Seattle goes, prices are up. The average is up 13.1% from this time last year at $975,132. The median sold price is up 13.9% at $858,000. The average percentage of list price for this neighborhood is at 104.6%. Your realtor in Queen Anne, Seattle will further explain how you can use this number to your benefit, but in a nutshell, this indicates your negotiation power as well as tells us that Queen Anne, Seattle homes for sale are going for over asking.

As far as inventory in this neighborhood is concerned, the amount of Queen Anne, Seattle homes for sale is down 23.8% while the amount of new listings is down 10.2%. Closed sales are down 5.1% and pending sales are down 6.3%. This is not great news for buyers, however, this is all a result of a low month supply. This number is down from this time last year by 25% at 0.9. To understand the month supply, this tells us who has control of the Queen Anne, Seattle real estate market. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Your realtor in Queen Anne, Seattle will be able to share what this number is as it changes with the market. Both the average and median days on market are down. The median days on market for Queen Anne, Seattle homes for sale is 8 while the average is down to 21. This is great news for sellers looking to move their property quickly. Although be prepared for a fast move! Buyers, this tells you that you do not have time to “sleep on it”.

If you are looking for a Queen Anne, Seattle Realtor or Queen Anne, Seattle homes for sale, feel free to give me a call. I would be happy to help!


Posted on June 11, 2018 at 6:23 pm
Scott Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Update

If you have been thinking of listing or buying homes for sale in Ballard, Seattle, you will want to make sure you pick an experience Ballard, Seattle Realtor to be your trusted guide and advocate throughout the process. You will also want to gain an accurate understanding of what the Ballard, Seattle real estate market looks like. When you understand details like the month supply, days on market and the average and median sold prices of homes for sale in Ballard, Seattle, you can be confident you are going into this journey with achieving the goal of a successful experience. The best resource for finding out what is happening with homes for sale in Ballard, Seattle is through a Ballard, Seattle Realtor. We have resources straight from the NWMLS that tell us what is happening in the Ballard, Seattle real estate market. This, in turn, can guide you as both a buyer and a seller. As a buyer, you can find out the necessary details that help you put together an offer on Ballard, Seattle homes for sale that stands out in our competitive market. As a seller, knowing the sold prices are a great way to price your property according to market value. The benefits of pricing appropriately from the start are a great way to achieve a shortened market time and more than one offer allowing for an increased chance at making money at resale. So how is the Ballard, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Ballard, Seattle goes, prices are up. The average is up 13.7% from this time last year at $766,103. The median sold price is up 11.1% at $750,000. The average percentage of list price for this neighborhood is at 106.1%. In a nutshell, this number indicates your negotiation power. It also tells us that Ballard, Seattle homes for sale are going for over asking. Your realtor in Ballard, Seattle will further explain how you can use this number to your benefit when it comes to making or accepting an offer.

As far as inventory in this neighborhood is concerned, the amount of Ballard, Seattle homes for sale is down 22% while the amount of new listings is down 11.6%. Closed sales are down 9% and pending sales are down 15.2%. This is not great news for buyers, however, this is all a result of a low month supply. This number is down from this time last year by 20% at 0.4. This number tells us that this neighborhood basically has close to no inventory. Which is not a huge surprise seeing as it is one of the most desirable areas in Seattle. To better understand the importance of what month supply means, it tells us who has control of the Ballard, Seattle real estate market. Anything less than 4 is a seller’s market while anything over 6 is considered balanced. Your realtor in Ballard, Seattle will be able to share what this number is as it changes with the market. Both the average and median days on market are down. The median days on market for Ballard, Seattle homes for sale is 7 while the average is down to 11. Sellers, be prepared to move fast and buyers, “blink and you’ll miss it”, aka if you see a home you like, write an offer immediately. Waiting even an hour could put you out of the running.

If you are looking for a Ballard, Seattle Realtor or Ballard, Seattle homes for sale, feel free to give me a call. I would be happy to help!


Posted on June 5, 2018 at 6:00 pm
Scott Shutes | Posted in Uncategorized |

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