The market has taken an interesting, yet somewhat predictable, turn over the summer. Statistically, Seattle residential real estate has a “summer lull” as Seattlites focus their energy on the outdoors and take vacations in July & August. After the record-breaking first half of 2016, I wasn’t sure what this summer would bring. Right after the 4th of July, things really settled down and many listings did not get multiple offers or even the asking price. Is this natural dip a telling sign that this crazy market is not a bubble, but the new trend in the Puget Sound? Only time will tell. September usually has a strong upswing of buyers and sellers, and if my pipeline is any indication of the market as a whole — the rest of this year will stay true to the stats.
Seattle battles housing discrimination with rental regulations
Crosscut.com explains a series of regulations for landlords recently passed by the Seattle City Counsel that effects properties within city limits. The most controversial and groundbreaking, is the requirement of rentals being awarded on a first-come, first-serve basis. City Officials are unaware of any other U.S. city requiring landlords to pick the first qualified applicant. If you have a rental property in the city of Seattle, please make sure you are aware of the regulations to keep yourself within the requirements.
Seattle home market hits new peak, prices have officially doubled
The Seattle Times recently reported that “single-family house values rose 10.7 percent in May compared to a year ago, about the same growth rate as the prior three months, according to the monthly S&P/Case-Shiller index. That’s more the double the national average growth rate of 5 percent.”
Will Seattle really become the next San Francisco?
The Seattle Times analyzied the data to find clues. For the past two decades through boom and bust cycles, as home have risen one dollar around Puget Sound, they raise two dollars in the Greater San Francisco Bay Area.
“Just 10 percent of families in the San Francisco metro area can afford to buy the median home, compared with 50 percent in the Greater Seattle area, according to the National Association of Home Builders and Wells Fargo,” the paper reports.
Windermere, Seahawks partner to #tacklehomelessness
It’s that time of year again— football season! I was so excited when the Seattle Seahawks and Windermere Real Estate announced recently an exclusive partnership that will make Windermere the Official Real Estate Company of the Seattle Seahawks!
At the center of this partnership is a new campaign entitled #tacklehomelessness in which Windermere will donate $100 for every Seahawks tackle at home during the 2016 season. The donations will be made via the Windermere Foundation which to date has raised more than $30 million for low-income and homeless families.
I believe in the mission of the Windermere Foundation, and I make a donation on your behalf following each and every completed transaction. The values of compassion, teamwork and determination unite Windermere and the Seahawks together. Go Hawks!
This mid-century house near Seward Park, with views of Lake Washington, went pending in just 7 days. I was able to negotiate a rent-back for my clients and they will have some extra time to move into their new house in Kirkland.
Three-year-old stunning Newcastle home has everything! The double door entry leads to great room with vaulted ceilings and a huge open concept kitchen & living space that’s perfect for entertaining.
I met a client at an open house in Issaquah recently, and nearly 24 hours later he was pending on a townhouse. He had been outbid prior to meeting me, and with my help we were able to secure a home in a tight market.
Helped my clients with an off-market purchase in downtown Renton of a cute bungalow. Being aware of who you know that may be selling could help you bypass this crazy, competitive market.
I often have clients ask me for mover recommendations. Moving Link is one step better! They come into your home, discuss what your needs are, then they get the bids from all the moving companies for you and you choose which one. They are paid by the moving companies, so it’s a free service for you!
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In June, I rented a theater for a private screening of Finding Dory and we had over a dozen kiddos seeing their very FIRST show in a theater! It was a packed house. A huge THANK YOU to all my clients who make these appreciation events so much fun to host.
After months of frustrating delays, we finally received a permit from the City of Renton for the #blackberryhouse! Before demolition began, we celebrated in style with custom cookies, sledgehammers and plenty of spray paint.
I’ll continue documenting progress in this space, but between newsletters the #blackberryhouse now has its own Instagram page!