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 | Category: 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 | Category: 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 | Category: 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 | Category: Uncategorized

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 | Category: 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 | Category: 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 | Category: 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 | Category: 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 | Category: 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 | Category: Uncategorized

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