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 13.8% from this time last year at $777,163 and the median is up 16% at $690,000. To understand how much negotiation room you have, the average percentage of list price is currently 105.3%. 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 11.7% while the amount of new listings is down 1.9%. Closed sales are down 6.9% and pending sales are down 2.4%. 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 down from this time last year by 1.2% at 0.9. 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 June 1, 2018 at 5:52 pm
Scott Shutes | Posted in Uncategorized |

Seattle, Real Estate Update

If you are interested in listing or buying Seattle real estate, working with an experienced Seattle realtor is going to make the difference. For our sellers, we exhaust all marketing efforts in order to attract a qualified buyer and top dollar for your home. As a buyer, we are going to help you craft a competitive offer that sellers will find enticing. With so many properties getting so many offers, you want yours to stand out in the crowd. Knowing the current market conditions is also incredibly helpful as you are basing your negotiations around what is actually happening in the market. So how is the Seattle real estate market doing? Let’s take a look!

 

  • The average sold price for Seattle homes for sale is up 13.5% at $766,439.
  • The median sold price for homes for sale in Seattle is up 16.2% at $680,000.
  • The average price per square foot has gone up 12.4% at $470.
  • The percentage of list price is still at 105.4%, which it has been for the past few months. This number is used to determine your negotiation power when it comes to homes for sale in Seattle. It also informs us that homes, on average, are going for above asking.
  • Inventory has decreased across the board in almost all categories except new listings. Those have seen a 1% increase.
  • The available number of Seattle homes for sale has gone down by 8.9%.
  • Pendings are down 0.7% and closed sales are down 5%.
  • The average days on market is 17 while the median is 8, which hasn’t changed from last month. The month supply is still at a 1, also unchanged from the past several months. To understand the importance of this number, a balanced market needs 6 months and anything less than 4 is considered a seller’s market.

 

If you are thinking of listing or buying Seattle homes for sale this year, it is crucial to work with an experienced Seattle realtor. When you align yourself with a local professional who knows the various neighborhoods and their current conditions, you can feel confident knowing that you have expertise on your side as well as an advocate who can guide you through the process. Not only that, but we use current market stats such as days on market and sold prices to help both buyers and sellers when it comes to making a competitive offer as well as trying to attract a competitive offer. Want more information on real estate in Seattle? Give me a call. I would be happy to help!


Posted on May 20, 2018 at 11:03 pm
Scott Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

Listing or buying homes for sale in Magnolia, Seattle? Being aware of the current market conditions can be very helpful as you work towards achieving your desired real estate goals. Whether you are buying or selling, statistics like days on market, average and median sold price and percentage of list price can help you have a successful Magnolia, Seattle real estate experience. As a seller, you can use this info as a way to come up with a market appropriate list price based on comparable solds. This assures your home will sell quickly and likely with multiple offers. As a buyer, you can use this information to come up with a competitive offer that seller’s will want to choose out of the stack. This is important, especially since homes for sale in Magnolia, Seattle are pending in record time. The best way to get this information is from a Magnolia, Seattle realtor. Let’s take a look at how our neighborhood is doing!

  • Magnolia, Seattle homes for sale are up compared to this time last year. Currently, the average sold price is at $982,969.
  • The median is up 13.4% at $850,500.
  • The average price per square foot is up 12.3% at $466.
  • The average percentage of list price has increased up to 104.1%.
  • Days on market are 8 for the median and 22 for the average. If you are selling, this information prepares you by letting you know you’ll have to move fast. As a buyer, be prepared to make an offer just as quick!
  • New listings have increased by 0.8%.
  • Magnolia, Seattle homes for sale have gone up 2.1%.
  • Pending sales are up 7.6% and closed sales are up 6%.
  • The month supply is still very low at 1.2, which is the number we have been sitting at for the past few months. Us Magnolia, Seattle realtors look for a 6 month supply in order to consider the market balanced. Anything less than 4 is considered a seller’s market, which we are clearly in.

 

The best piece of advice I can offer anyone looking to buy or sell in this neighborhood is to work with a qualified Magnolia, Seattle realtor who knows the neighborhood. We help you navigate the entire process from start to finish and beyond. If you are interested in more information, feel free to give me a call. I would be happy to help!


Posted on May 12, 2018 at 10:53 pm
Scott Shutes | Posted in Uncategorized |

Queen Anne, Seattle Real Estate Report

If you are in the market to buy or sell Queen Anne, Seattle homes for sale, knowing the current market conditions is crucial. Queen Anne, Seattle realtors use details like days on market, average sold price, month supply and more to guide our clients toward success. As a seller, knowing these numbers before you list your Queen Anne, Seattle real estate can properly prepare you for the market. You need to list at an appropriate market price if you want to move your home quickly. It is also helpful to know how fast homes for sale in Queen Anne, Seattle are moving so you can prepare your property accordingly. As a buyer, you benefit from these numbers and can use them to come up with a competitive offer. The best way to get these details are from a Queen Anne, Seattle realtor.  So how is this popular Seattle neighborhood doing? Let’s take a look!

  • The average sold price for Queen Anne Seattle real estate is at $948,721.
  • This median sold price has increased 11.1% and is currently at $834,000.
  • The average price per square foot is up 17.2% at $552.
  • The percentage of list price is 105.1%, which means on average, homes for sale in Queen Anne, Seattle are closing with over asking offers.

 

  • Queen Anne, Seattle real estate has seen a decrease in new listings by 7.5%.
  • Unfortunately, Queen Anne, Seattle homes for sale have also gone down in general by 16.3%.
  • Pending Queen Anne, Seattle homes for sale have gone down by 7.2%.
  • Closed sales are up 4.8%.
  • Median days on market are 8 and the average is 20.
  • This neighborhood is in a seller’s market with a month supply of 1. A Queen Anne, Seattle real estate market needs a 6 month supply in order to be considered balanced. Anything less than 4 is considered in favor of the seller.

 

Obviously with the increase in pricing and the rate that homes are getting offers, we know that this market is competitive. A couple tips I can offer are:

  • As a buyer, act quickly. “Sleeping on it” just allows the sellers time to accept another offer.
  • As a seller, prepare yourself for a quick move and plan accordingly when you are prepping your home for the market.

Your Queen, Anne Seattle realtor can help you with both the aspects of selling and buying so both parties are prepared to move fast. My only advice for navigating this market is using an experienced Queen Anne, Seattle realtor. If you have any questions on this neighborhood, both buying and selling, let me know. I would be happy to help!


Posted on May 6, 2018 at 10:31 pm
Scott Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Update

If you are looking to buy or list homes for sale in Ballard, Seattle, there are two ways you can ensure you have a successful transaction. One is by choosing a qualified Ballard, Seattle realtor. The other is finding out what the current market conditions are. Knowing details like days on market, month supply and the average and median sold price of homes for sale in Ballard, Seattle can guide you whether you are a seller or a buyer. As a seller, you can understand how long Ballard, Seattle homes for sale are sitting active before they go pending. You also can list according to the comparable solds. The better your property is priced, the more likely you are to attract a lot of offers in record time. The best way to get this information is from a Ballard, Seattle realtor. This information changes constantly and most realtors in Ballard, Seattle pull from the NWMLS, which is the most accurate source. So how is this sought after neighborhood looking? Let’s check it out!

The average and median sold prices for Ballard, Seattle homes for sale have gone up. The median sold price is now $749,950 and the average is now $758,932. The average price per square foot is currently at $543. The percentage of list price is still 106.1%.

The amount of Ballard, Seattle homes for sale has gone down by 17.4%. New listings are down 6.8%, pendings are down 9.3% and closed sales are down 5%. Ballard, Seattle real estate has a .40 month supply. A balanced market needs 6 months and anything less than 4 is a seller’s market, which this area is in. If you are looking in this neighborhood, give me a call. As an experienced Ballard, Seattle realtor, I would be happy to help.


Posted on May 1, 2018 at 10:25 pm
Scott Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

Whether you are listing or buying homes for sale in Magnolia, Seattle, knowing the current market conditions can be very helpful. Using details like days on market, average and median sold price and percentage of list price can help you have a wonderful Magnolia, Seattle real estate experience. As a buyer, you can use this information to come up with a competitive offer. This is important, especially since homes for sale in Magnolia, Seattle are pending in record time. As a seller, you can use this info as a way to come up with a market appropriate list price. This assures your home will sell quickly.  The best way to get this information is from a Magnolia, Seattle realtor. Let’s take a look at how our neighborhood is doing!

When it comes to listing Magnolia, Seattle homes for sale, now is a fantastic time as you are likely to get the most money at resale! The average and median sold prices have gone up compared to this time last year. The average is up 15.9% at $976,487and the median is up 16.1% at $841,500. Both of these numbers are up from last month as well. The average price per square foot has gone up 12.3% and is now at $456. The average percentage of list price has hiked 1.2% and is now at 103.9%. The percentage of list prices tells us that homes for sale in Magnolia, Seattle are going for not only the full amount of the asking price, but over on average.  Median days on market are 8 and the average is 22. Buyers & sellers can both use this information to their advantage as well. As a buyer, you must move quickly and not wait to make an offer. As a seller, you have the heads up that this will likely be a quick sale so you better start packing!

If you are a buyer and you were starting to feel frustrated by the increasing prices, we have some good news for you too. New listings have gone up by 9.3% while the amount of Magnolia, Seattle homes for sale have increased by 8.7%. Pending sales are up 16% and closed sales are up 19%. While we are thrilled with all this increase in activity, the month supply is, unfortunately, very low at 1.2. Magnolia, Seattle realtors look for a 6 month supply in order to consider the market balanced. Anything less than 4 is considered a seller’s market. The best piece of advice I can give anyone looking to buy or sell in this neighborhood is to work with a qualified Magnolia, Seattle realtor who knows the neighborhood. I can help you navigate the entire process from start to finish and beyond. If you are interested in more information, feel free to give me a call. I would be happy to help!


Posted on March 31, 2018 at 2:42 pm
Scott Shutes | Posted in Uncategorized |

Queen Anne, Seattle Real Estate Update

If you are in the market to buy or sell Queen Anne, Seattle homes for sale, knowing the current market conditions is crucial. Queen Anne, Seattle realtors use details like days on market, average sold price, month supply and more to guide our clients toward success. As a seller, knowing these numbers before you list your Queen Anne, Seattle real estate can properly prepare you for the market. You need to list at an appropriate market price if you want to move your home quickly. It is also helpful to know how fast homes for sale in Queen Anne, Seattle are moving so you can prepare your property accordingly. As a buyer, you benefit from these numbers and can use them to come up with a competitive offer. The best way to get these details are from a Queen Anne, Seattle realtor.  So how is this popular Seattle neighborhood doing? Let’s take a look!

The average Queen Anne Seattle real estate sold price has gone up 9.6% and is currently sitting at $918,169. The median sold price has increased 8.3% and is currently at $813,000. The average price per square foot is up 17.6% at $542. The average percentage of list price has increased 2.9% from this time last year at 104.8%. This means homes for sale in Queen Anne, Seattle are closing with over asking offers.

Queen Anne, Seattle real estate has seen a decrease in new listings by 2.8%. The overall amount of Queen Anne, Seattle homes for sale has gone down as well by 13.6%. Pending Queen Anne, Seattle homes for sale, however, have increased 1.9% and closed sales are up 11.4%. Median days on market are 8 and the average is 19. As a buyer, you can use this knowledge to your benefit by knowing you have to act fast and be prepared to go up against multiple offers. As a seller, prepare your listing appropriately ahead of time as your home will likely sell quickly. This cuts down on stress as you prepare to move during the escrow process. Your Queen, Anne Seattle realtor can help you with both aspects of selling and buying.

Queen Anne, Seattle real estate is currently in a seller’s market with a month supply of 1. A balanced market needs a 6 month supply in order to be considered balanced and anything less than 4 is considered a seller’s market.  Our only advice for navigating this market is using an experienced Queen Anne, Seattle realtor. If you have any questions on this neighborhood, both buying and selling, let me know. I would be happy to help!


Posted on March 31, 2018 at 2:25 pm
Scott Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Updat

If you are buying homes for sale in Ballard, Seattle, you really don’t have time to “think about it” when it comes to making an offer. Same goes for sellers. This popular area is considered very desirable for buyers and Ballard, Seattle homes for sale are moving quickly. Preparing your property in advance can save you from rushing to move. Regardless of what side of the transaction you are on, knowing the stats for this area is crucial as they can guide both sides towards a successful experience. The best way to get this information is from a Ballard, Seattle realtor. Working with someone who knows this local market is so necessary. So how is this area looking? Let’s check out the numbers!

The average and median sold prices for homes for sale in Ballard, Seattle have both gone up compared to this time last year. The median has gone up 21.2% at $748,578. The median sold price on the other hand has gone up 21.5% compared to this time last year at $747,500. The price per square foot is up 11.1% at $522. The percentage of list price is up 2.4% at 106.2%. The percentage of list price is a fabulous tool for figuring out what your negotiation power is. In this case, we know that most homes, on average are getting well above asking.

As far as inventory goes, the numbers have continued to decline, which makes it hard for buyers. This, however, is par for the course in this market, especially for such a popular neighborhood. The amount of Ballard, Seattle homes for sale has gone down 25%. The amount of new listings are down 8.5% & pendings are down 5.2%. This is all due to the low month supply. Ballard, Seattle real estate has a .40 month supply. A balanced market requires a 6 month supply and anything less than 4 is considered a seller’s market. If you are looking in this neighborhood, give me a call. As an experienced Ballard, Seattle realtor, I would be more than happy to act as your advocate as you buy or sell in this Seattle neighborhood.


Posted on March 31, 2018 at 2:12 am
Scott Shutes | Posted in Uncategorized |

Seattle Real Estate Update

If you are thinking of listing or buying Seattle homes for sale this year, it is crucial to work with an experienced Seattle realtor. When you align yourself with a local professional who knows the various neighborhoods and their current conditions, you can feel confident knowing that you have expertise on your side as well as an advocate who can guide you through the process. Not only that, but we use current market stats such as days on market and sold prices to help both buyers and sellers when it comes to making a competitive offer as well as trying to attract a competitive offer. So how is the Seattle real estate market doing? Let’s take a look!

As far as pricing goes, the median and average sold prices have gone up! The average sold price for Seattle homes for sale is up 13.2% at $750,749 and the median sold price for homes for sale in Seattle is up 15.8% at $666,520. The percentage of list price is up 2% at 105.4%. This number is used to determine your negotiation power when it comes to making/receiving offers on homes for sale in Seattle. The average price per square foot has gone up 11.4% at $458. This numbers are not only up from this time last year, but also last month.

While the financial aspect has gone up, the available number of Seattle homes for sale has gone down by 14.3%. New listings are also down 1.7%, pendings are down 1.5% and closed sales are down 5.3%. The average days on market is at 17 while the median is 8. The month supply is also currently sitting at a 1. To put this in perspective, a balanced market needs 6 and anything less than 4 is a seller’s market which we are clearly in. If you are buying, be prepared to make an offer fast. If you are a seller, prepare your listing appropriately ahead of time by packing up, de-cluttering, donating and selling items. This does a couple of things: it alleviates stress so you don’t feel rushed as you move out AND it also cleans up your home so that buyers don’t feel distracted by your belongings and decor. They can see the home and it’s potential as a property for them.

If you are interested in buying Seattle real estate, working with an experienced Seattle realtor is truly going to make the difference. I exhaust all marketing efforts for my sellers in an effort to attract the best offer. For my buyers, I help guide them through the process of crafting a competitive offer that sellers find enticing. With so many properties getting multiple offers, you want your bid to stand out in the crowd. For more information on this market, feel free to give me a call.


Posted on March 31, 2018 at 2:04 am
Scott Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

Whether you are listing or buying homes for sale in Magnolia, Seattle, knowing the current market conditions can be very helpful. Using details like days on market, average and median sold price and percentage of list price can help you have a wonderful Magnolia, Seattle real estate experience. As a buyer, you can use this information to come up with a competitive offer. This is important, especially since homes for sale in Magnolia, Seattle are pending in record time. As a seller, you can use this info as a way to come up with a market appropriate list price. This assures your home will sell quickly.  The best way to get this information is from a Magnolia, Seattle realtor. Let’s take a look at how our neighborhood is doing!

When it comes to listing Magnolia, Seattle homes for sale, now is a fantastic time as you are likely to get the most money at resale! The average and median sold prices have gone up compared to this time last year. The average is up 14.3% at $964,795 and the median is up 13.7% at $836,000. Both of these numbers are up by about $10,000 compared to last month. The average price per square foot has gone up 12.2% and is now at $452. The average percentage of list price has hiked 0.8% and is now at 103.6%. Both of these last two numbers are up compared to this time last year, but unchanged from last month. The percentage of list prices tells us that homes for sale in Magnolia, Seattle are going for not only the full amount of the asking price, but over on average.  Median days on market are 8 and the average is 23. Buyers & sellers can both use this information to their advantage as well. As a buyer, you know you have to move quickly and not wait to make an offer. As a seller, you have the heads up that this will likely be a quick sale so you better start packing!

If you are a buyer and you were starting to feel frustrated by the increasing prices, we have some good news for you too. New listings have gone up by 21.1% while the amount of Magnolia, Seattle homes for sale have increased by 15.6%. Pending sales are up 19.3% and closed sales are up 16.8%. While we are thrilled with all this increase in activity, the month supply is, unfortunately, very low at 1.3. This is the number we have been sitting at for the past few months. Magnolia, Seattle realtors look for a 6 month supply in order to consider the market balanced. Anything less than 4 is considered a seller’s market. The best piece of advice I can give anyone looking to buy or sell in this neighborhood is to work with a qualified Magnolia, Seattle realtor who knows the neighborhood. I can help you navigate the entire process from start to finish and beyond. If you are interested in more information, feel free to give me a call. I would be happy to help!


Posted on February 27, 2018 at 12:10 am
Scott Shutes | Posted in Uncategorized |

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