South King County Market Trends

South King County Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 13% year-over-year. We currently sit at 1.4 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 15 days and the average list-to-sale price ratio was 101%.

South King County real estate has been an affordable option compared to “in-city” real estate. In fact, the median price in June was 75% higher in Seattle Metro. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth.

This is only a snapshot of the trends in south King County; please contact me if you would like further explanation of how the latest trends relate to you


Posted on July 27, 2018 at 5:15 pm
Casey Bui | Posted in Quarterly Market Trends, South King County |

Eastside Quarterly Market Trends

Eastside Quarterly Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 11% year-over-year. We currently sit at 1.5 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 19 days and the average list-to-sale price ratio was 101%.

Eastside real estate has a very high premium due to close-in commute times, great neighborhoods and strong school districts. In fact, the median price in June was $980,000. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth.

This is only a snapshot of the trends on the Eastside; please contact me if you would like further explanation of how the latest trends relate to you.


Posted on July 27, 2018 at 5:12 pm
Casey Bui | Posted in Eastside, Quarterly Market Trends |

Seattle Metro Quarterly Market Trends

Seattle Metro Quarterly Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 15% year-over-year. We currently sit at 1.1 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 15 days and the average list-to-sale price ratio was 102%.

Seattle Metro real estate has a very high premium due to close-in commute times and vibrant neighborhoods. In fact, the median price in June was $800,000. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth.

This is only a snapshot of the trends in the Seattle Metro area; please contact me if you would like further explanation of how the latest trends relate to you.


Posted on July 27, 2018 at 5:08 pm
Casey Bui | Posted in Quarterly Market Trends, Seattle Metro | Tagged

North King County Quarterly Market Trends

North King County Quarterly Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 13% year-over-year. We currently sit at 1.1 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 16 days and the average list-to-sale price ratio was 103%.

North King County real estate has a very high premium due to close-in commute times and vibrant neighborhoods. In fact, the median price in June was $800,000. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth.

This is only a snapshot of the trends in north King County; please contact me if you would like further explanation of how the latest trends relate to you.


Posted on July 27, 2018 at 5:07 pm
Casey Bui | Posted in North King County, Quarterly Market Trends | Tagged

South Snohomish County Quarterly Market Trends

South Snohomish County Quarterly Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 13% year-over-year. We currently sit at 1.3 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 11 days and the average list-to-sale price ratio was 102%.

South Snohomish County real estate has been an affordable option compared to “in-city” real estate. In fact, the median price in June was 41% higher in Seattle Metro. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth.

This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

 


Posted on July 27, 2018 at 5:04 pm
Casey Bui | Posted in Quarterly Market Trends, South Snohomish County | Tagged

North Snohomish County Quarterly Market Trends

North Snohomish County Quarterly Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 11% year-over-year.  We currently sit at 1.4 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 21 days and the average list-to-sale price ratio was 101%.

North Snohomish County real estate has been an affordable option compared to “in-city” real estate. In fact, the median price in June was 86% higher in Seattle Metro. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth.

This is only a snapshot of the trends in north Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

 


Posted on July 27, 2018 at 5:02 pm
Casey Bui | Posted in North Snohomish County, Quarterly Market Trends | Tagged

KCM Pent Up Demand

KCM Pent Up Demand

Have you been considering a move?  Folks are staying in their homes longer than before, this is attributing to the increase in inventory as people choose to come to the market. Where is your next move?


Posted on July 9, 2018 at 10:49 pm
Casey Bui | Posted in Uncategorized |

KCM Equity Levels

KCM Equity Levels

Equity levels have improved quite a bit over the last 10 years. Appreciation and the size of down payments play into this. This overall position is one that can be utilized to make moves or sustain your nest egg by staying in place. What are your goals?


Posted on July 9, 2018 at 10:37 pm
Casey Bui | Posted in Uncategorized |

Where to Watch Fireworks 2018

The Fourth of July is right around the corner.  With it being on a Wednesday, keeping it local makes sense.  Here is a list of local firework shows to help you celebrate the great U.S. of A!

Bellevue – Downtown Park 10:05 p.m.

Des Moines – Marina 10:20 p.m.

Edmonds – Civic Stadium 10 p.m.

Everett – Port Gardner Bay 10:20 p.m.

Federal Way – Celebration Park 10:15 p.m.

Kent – Lake Meridian Park 10 p.m.

Kenmore – Log Boom Park 10:00 p. m.

Kirkland – Marina Park 10:15 p.m.

Lakewood – Joint Base Lewis-McChord 10 p.m.

Newcastle – Lake Boren Park 10 p.m.

Renton – Coulon Park 10 p.m.

SeaTac – Angle Lake Park 10 p.m.

Seattle – Lake Union 10:20 p.m. BIG!

Tacoma – Ruston Way 10:10 p.m. BIG!

Tukwila – Fort Dent Park 10 p.m.


Posted on June 15, 2018 at 9:21 pm
Casey Bui | Posted in Eastside, Edmonds, North King County, North Snohomish County, Seattle Metro, South King County, South Snohomish County |

Community Service Day Video

Last Friday was our annual Windermere Community Service Day.  We had a great day working in the fields of the Martha Perry Garden, helping set the stage along with the Snohomish Garden Club for fresh produce to come to the local food banks. Our hard work will be their harvest and will put fresh veggies and fruits on the plates of many!

Posted on June 15, 2018 at 9:08 pm
Casey Bui | Posted in Uncategorized |