Ballard, Seattle Real Estate Update

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 average has gone up 17.9% at $754,997, up from last month as well. The median sold price on the other hand has gone up 15.9% compared to this time last year at $715,000. This is actually down from last month. This is the same story with the price per square foot. It is up 15.5% compared to this time last year but it is actually down compared to last month from $517 to $463. The percentage of list price is up 1.8% at 106.3%, up from last month’s 105.9%. 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 over 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 21.9%. The amount of new listings are down 3.4% & pendings are down 2.2%. This is all due to the low month supply. Ballard, Seattle real estate has a .50 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 February 26, 2018 at 10:43 pm
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 $745,352 and the median sold price for homes for sale in Seattle is up 16% at $660,000. The percentage of list price is up 1.8% at 105.2%. 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 10.8% at $453.

While prices have gone up, the available number of Seattle homes for sale has gone down by 15.7%. New listings are also down 2.6%, pendings are down 1.8% and closed sales are down 5.6%. The average days on market is at 18 while the median is 8. 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 February 26, 2018 at 9:48 pm
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 (and past) trends, you can feel confident that you have an advocate on your side who will use their experience to 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 12.5% at $739,037 and the median sold price for homes for sale in Seattle is up 15.2% at $651,000. Meanwhile the percentage of list price is up 1.7% at 105.1%. This number is used to determine your negotiation power when it comes to homes for sale in Seattle. The average price per square foot has gone up 10.6% at $450.

While prices have gone up, the available number of Seattle homes for sale has gone down by 16.7% at just under a 1,000. New listings are also down 3.1%, pendings are down 0.9% and closed sales are down 3.8%. The average days on market is at 18 while the median is 8. 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 and selling items so you don’t feel rushed as you move out.

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. For my buyers, I help you through the process of crafting a competitive offer that sellers find enticing. With so many properties getting so many offers, you want yours to stand out in the crowd. For more information on this market, feel free to give me a call.


Posted on January 31, 2018 at 2:17 pm
Scott Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Update

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. Which is great news for sellers although frustrating for buyers. The median sold price for Ballard, Seattle homes for sale have gone up 25.6% at $738,800 and the average has gone up 24.1% at $737,147. The average price per square foot is also up at $517. The average percentage of list price has increased to 105.9%. This particular number shows that homes for sale in Ballard, Seattle are going for over asking price.

Inventory wise, the numbers have continued to decrease, which is expected in such a popular neighborhood. The amount of Ballard, Seattle homes for sale has decreased by 26.9%. The amount of new listings are down 6.3% & pendings are down 5.5%. 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 us 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 January 31, 2018 at 2:09 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 particular neighborhood doing? Let’s take a look!

The average Queen Anne Seattle real estate sold price has gone up 12.8% and is currently sitting at $923,694. This is up compared to last month as well. This is the same for the median sold price as well. That number has increased 10.9% and is currently at $820,000. The average price per square foot is up 16.6% at $533. The average percentage of list price has increased 2.4% from this time last year at 104.4%. This means homes for sale in Queen Anne, Seattle are closing with over asking offers. Which is not new news.

Queen Anne, Seattle real estate has some new listings thanks to a 5.6% bump. Unfortunately, the overall amount of Queen Anne, Seattle homes for sale have decreased by 11.4%. Pending Queen Anne, Seattle homes for sale, however, have increased 13.8% and closed sales are up 12.1%. Median days on market are 8 and the average is 19. As a buyer, you can use this knowledge and know that you have to act fast. As a seller, prepare your listing appropriately ahead of time as your home will likely sell quickly.  Your Queen, Anne Seattle realtor can help you with both of the aspects of selling and buying.

Queen Anne, Seattle real estate is currently in a sellers 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 January 31, 2018 at 2:02 pm
Scott Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

Whethere 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 should use this information to create a competitive offer. 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 13.1% at $955,692 and the median is up 12.2% at $825,000. The average price per square foot has gone up 13.3% and is now at $452. The average percentage of list price has hiked 0.9% and is now at 103.6%. This number 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.  This can be used as a negotiation tool. Median days on market are 8 and the average is 22. Buyers & sellers can both use this information. 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 17.2% while the amount of Magnolia, Seattle homes for sale have increased by 10.9%. Pending sales are up 19.2% and closed sales are up 20.1%. 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 January 31, 2018 at 1:50 pm
Scott Shutes | Posted in Uncategorized |

Seattle Real Estate Update

Seattle real estate was named the hottest market of 2017 and is expected to be the number #1 market for 2018. While this is great for sellers, this isn’t exactly the best news for buyers as it means that the market will be competitive with inventory still at record lows. As a result, you can expect to deal with rising prices, multiple offers and crafting a competitive bid with your Seattle Realtor. As a seller, you can expect a quick sale with over asking. Of course, this is as long as you price according to the market conditions. We are still seeing some over priced Seattle homes for sale sitting on the market. As homes for sale in Seattle are already higher than the national average, buyers don’t want to spend more than they have to. Regardless of what side of the transaction you are on, there are two things you can do for a successful Seattle real estate experience. The first is to pick a qualified Seattle Realtor. We have the experience to help you navigate the process as well as any tricky scenarios that may arise. The second is to arm yourself with knowledge on the market that comes straight from the MLS. Not a Zillow Zestimate, but the actual statistics from our own Multiple Listing Service. So how is the Seattle real estate market doing this month? Let’s take a look!

According to the Northwest MLS, the average and median sold prices for homes for sale in Seattle have increased. Not just compared to this time last year, but also by last month. While homes for sale in Seattle vary based on a variety of factors, the average sold price has increased 11.9% at $731,910 while the median is up 16.1% at $649,950. The average price per square foot is up 10.7% at $446. I wish there was good news for buyers as far as increased inventory levels, but that number is down 2.6% while the amount of homes for sale in Seattle have gone down 16.7% compared to this time last year. Pending sales have seen a very slight increase at 0.1% and closed Seattle homes for sale are down 3.3%. The median days on market is still 8 while the average is 19. These numbers are down a substantial amount compared to this time last year, however this is the same as last month. While we are discussing things that have stayed the same, the month supply is still down 16.7% at 1. As I have discussed in other blogs, a balanced market needs a 6 month supply. So  aligning yourself with a qualified Seattle realtor is necessary for success in this market. If you have more questions, feel free to reach out. I would be happy to help!


Posted on January 1, 2018 at 6:21 pm
Scott Shutes | Posted in Uncategorized |

Ballard Seattle Real Estate Update

If you looking to purchase or list Ballard, Seattle homes for sale, knowing the local market ensures success regardless of whether you are a seller or a buyer. As a buyer, knowing what is happening in the Ballard, Seattle real estate market allows you to put together a competitive offer you feel confident about. As a seller, you can feel good about your listing price. This keeps Ballard, Seattle homes for sale from sitting too long. While bidding wars and quick sales are common in this desirable neighborhood, if a property is overpriced, it will sit. Of course, working with a qualified Ballard, Seattle realtor who acts as your advocate in both selling and buying makes a huge difference. So how is this popular neighborhood looking currently? Let’s take a look!

The good news for homeowners thinking of listing their homes for sale in Ballard, Seattle is that prices have increased! Both the average and median sold price has gone up compared to this time last year AND just last month. The average has increased 17.8% at $746,818 (which is up from last month by over $10,000) while the median has gone up 17.4% at $710,000 (also up $10,000 from last month).  The price per square foot has also increased 14.4% at $453. The bad news for buyers is that new listings are down 2.6%, along with homes for sale in Ballard, Seattle being down 22.7%. Pending sales have seen a minimal 1.6% increase. Closed sales are down at 2%. Even if you have done minimal research on Seattle real estate, you know this city is in a seller’s market. This neighborhood is no exception with a 0.5 month supply. This is down from last month as well as last year by 28.6%. In order to be considered balanced, a market needs a 6 month supply. Also, the median days on the market is 7, with the average being 14. Now, The average percentage of list price, which determines your negotiation power, is 106.2%, up from last year and slightly from last month. Which means on average, homes for sale in Ballard, Seattle are not only going for asking, they are getting well over in most scenarios. As a buyer, this can get frustrating. Our only recommendation is choosing a qualified local Ballard, Seattle realtor. If you are thinking of buying or selling real estate in Ballard, Seattle, give me a call. I would be happy to help you navigate this competitive market.


Posted on January 1, 2018 at 6:17 pm
Scott Shutes | Posted in Uncategorized |

Queen Anne Seattle Real Estate Update

If you are in the market to buy or list Queen Anne Seattle homes for sale, knowing the current market conditions can help you navigate the experience successfully. As a seller you get an idea of what is an appropriate list price and how quickly homes for sale in Queen Anne Seattle go pending. You also get an idea of your negotiation power with percentage of list price and much more. As a buyer you stand to benefit from this information and use it as a guide when putting together a competitive offer you feel confident about. The better the offer, the higher chance it has of being accepted. In this ultra tight market, utilizing any leverage you can is necessary for your success regardless of what side of the transaction you are on. Using a Queen Anne Seattle realtor is also crucial as we can get you this information as well as help you navigate the entire listing or buying process. So how is this particular neighborhood doing? Let’s take a look!

The average sales price for Queen Anne Seattle real estate has increased 12.7% compared to last year at $919,027. This is up substantially at $30,000 compared to last month. This is the same as far as the median sold price goes. That number has increased 11.3% at $805,000. Interestingly, this number is actually the same as last month. The price per square foot is up 16.1% at $526. The percentage of list price is up 2.3% from this time last year at 104.4%. This means the average home is getting over asking on average.  This is a great time for sellers to put their home on the market!

The good news for buyers is that new listings have seen an increase of 11.4%. If you are buying Queen Anne Seattle homes for sale, you will know that any new inventory is appreciated at this point! However, Queen Anne Seattle homes for sale have gone down 11.4%. Pending sales have gone up 14.8%. Closed sales have gone up 13.8%.  The median days on market is 8 while the average is 19. This is all to be expected since we are in the seller’s market that we are. Homes are selling fast with multiple bids which drives the prices up. The type of market we are in is determined by month supply.  A balanced Queen Anne Seattle real estate market needs a 6 month supply. Currently, we are at a 1.10. If you are looking for a Queen Anne Seattle realtor to help you navigate this current competitive market, give me a call. I would be happy to help!


Posted on January 1, 2018 at 6:11 pm
Scott Shutes | Posted in Uncategorized |

Magnolia Seattle Homes For Sale

The average sold price has increased 12.4% and is currently at $942,847, which is up from this time last year. However this is actually down from last month. Interestingly, the median sold price is up 7.5% from last year, and last month, at $806,500. The average price per square foot is up 13.9% from last year at $450. The average percentage of list price is still consistently at 103.4%, which indicates a buyer’s negotiation power. This basically means that homes are going for over asking on average. This is common when there is high demand and low inventory. While sellers will like this news, buyers may still be feeling frustrating. The littlest increase in price can impact your buying power. The good news for buyers is that new listings are up 21.1% in this neighborhood compared to this time last year. The overall Magnolia Seattle homes for sale are up 13.3%, pending sales are up 19.8% and closed sales are up 17.9%. Unfortunately, the month supply is still sitting at 1.3, which it has been at for the past few months. Magnolia Seattle real estate is still very much in a seller’s market as we need a 6 month supply in order to be considered balanced. Whether you are looking to list or buy a home for sale in Magnolia Seattle, working with a Magnolia Seattle realtor who knows what is happening in the market is crucial. This information can help guide your decisions which have a huge impact on whether or not your experience is a success. As a long time Magnolia Seattle realtor, I would be happy to give you more information.


Posted on January 1, 2018 at 6:00 pm
Scott Shutes | Posted in Uncategorized |

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