South King County Quarterly Market Trends – Q1 2020

As we head into the second quarter amid the COVID-19 outbreak, new real estate listings and transactions have slowed after a strong first quarter. What would typically be the seasonally brisk Spring Market has tempered in respect of the Stay Home, Stay Healthy order.

 

During this time, some sellers are still coming to market and there are motivated buyers carefully viewing and purchasing homes. I’m happy to report that sellers are maintaining their home sale values through these negotiations. We anticipate pent-up demand for both sellers and buyers once the orders are lifted, and see the summer season becoming the new spring for real estate and a more normal second half of 2020, bearing control of the virus. We also look forward to many jobs returning once the orders are lifted.  We are fortunate to be in the Greater Seattle Area, as many industries such as tech and biotech will hold small businesses on their shoulders once their workers return to the brick and mortar locations.

 

Prior to the outbreak, we anticipated complete year-over-year price growth to be 4-6%. That has been adjusted to 1-3% due to this health crisis. Another important element to consider is equity levels: 43% of homeowners in King County have more than 50% equity in their home.

 

These are unprecedented times and there are many questions and concerns. It is my goal to help keep my clients informed and empower strong decisions, now more than ever. Please reach out if you’d like to discuss your real estate goals and how they relate to your lifestyle and bottom line. Be well!


Posted on April 22, 2020 at 10:21 pm
Casey Bui | Posted in Quarterly Market Trends, South King County |

Eastside Quarterly Market Trends – Q1 2020

As we head into the second quarter amid the COVID-19 outbreak, new real estate listings and transactions have slowed after a strong first quarter. What would typically be the seasonally brisk Spring Market has tempered in respect of the Stay Home, Stay Healthy order.

 

During this time, some sellers are still coming to market and there are motivated buyers carefully viewing and purchasing homes. I’m happy to report that sellers are maintaining their home sale values through these negotiations. We anticipate pent-up demand for both sellers and buyers once the orders are lifted, and see the summer season becoming the new spring for real estate and a more normal second half of 2020, bearing control of the virus. We also look forward to many jobs returning once the orders are lifted.  We are fortunate to be in the Greater Seattle Area, as many industries such as tech and biotech will hold small businesses on their shoulders once their workers return to the brick and mortar locations.

 

Prior to the outbreak, we anticipated complete year-over-year price growth to be 4-6%. That has been adjusted to 1-3% due to this health crisis. Another important element to consider is equity levels: 43% of homeowners in King County have more than 50% equity in their home.

 

These are unprecedented times and there are many questions and concerns. It is my goal to help keep my clients informed and empower strong decisions, now more than ever. Please reach out if you’d like to discuss your real estate goals and how they relate to your lifestyle and bottom line. Be well!


Posted on April 22, 2020 at 10:20 pm
Casey Bui | Posted in Eastside, Quarterly Market Trends |

Seattle Metro Quarterly Market Trends – Q1 2020

As we head into the second quarter amid the COVID-19 outbreak, new real estate listings and transactions have slowed after a strong first quarter. What would typically be the seasonally brisk Spring Market has tempered in respect of the Stay Home, Stay Healthy order.

 

During this time, some sellers are still coming to market and there are motivated buyers carefully viewing and purchasing homes. I’m happy to report that sellers are maintaining their home sale values through these negotiations. We anticipate pent-up demand for both sellers and buyers once the orders are lifted, and see the summer season becoming the new spring for real estate and a more normal second half of 2020, bearing control of the virus. We also look forward to many jobs returning once the orders are lifted.  We are fortunate to be in the Greater Seattle Area, as many industries such as tech and biotech will hold small businesses on their shoulders once their workers return to the brick and mortar locations.

 

Prior to the outbreak, we anticipated complete year-over-year price growth to be 4-6%. That has been adjusted to 1-3% due to this health crisis. Another important element to consider is equity levels: 43% of homeowners in King County have more than 50% equity in their home.

 

These are unprecedented times and there are many questions and concerns. It is my goal to help keep my clients informed and empower strong decisions, now more than ever. Please reach out if you’d like to discuss your real estate goals and how they relate to your lifestyle and bottom line. Be well!


Posted on April 22, 2020 at 10:20 pm
Casey Bui | Posted in Quarterly Market Trends, Seattle Metro |

North King County Quarterly Market Trends – Q1 2020

As we head into the second quarter amid the COVID-19 outbreak, new real estate listings and transactions have slowed after a strong first quarter. What would typically be the seasonally brisk Spring Market has tempered in respect of the Stay Home, Stay Healthy order.

 

During this time, some sellers are still coming to market and there are motivated buyers carefully viewing and purchasing homes. I’m happy to report that sellers are maintaining their home sale values through these negotiations. We anticipate pent-up demand for both sellers and buyers once the orders are lifted, and see the summer season becoming the new spring for real estate and a more normal second half of 2020, bearing control of the virus. We also look forward to many jobs returning once the orders are lifted.  We are fortunate to be in the Greater Seattle Area, as many industries such as tech and biotech will hold small businesses on their shoulders once their workers return to the brick and mortar locations.

 

Prior to the outbreak, we anticipated complete year-over-year price growth to be 4-6%. That has been adjusted to 1-3% due to this health crisis. Another important element to consider is equity levels: 43% of homeowners in King County have more than 50% equity in their home.

 

These are unprecedented times and there are many questions and concerns. It is my goal to help keep my clients informed and empower strong decisions, now more than ever. Please reach out if you’d like to discuss your real estate goals and how they relate to your lifestyle and bottom line. Be well!


Posted on April 22, 2020 at 10:19 pm
Casey Bui | Posted in North King County, Quarterly Market Trends |

South Snohomish County Quarterly Market Trends – Q1 2020

As we head into the second quarter amid the COVID-19 outbreak, new real estate listings and transactions have slowed after a strong first quarter. What would typically be the seasonally brisk Spring Market has tempered in respect of the Stay Home, Stay Healthy order.

 

During this time, some sellers are still coming to market and there are motivated buyers carefully viewing and purchasing homes. I’m happy to report that sellers are maintaining their home sale values through these negotiations. We anticipate pent-up demand for both sellers and buyers once the orders are lifted, and see the summer season becoming the new spring for real estate and a more normal second half of 2020, bearing control of the virus. We also look forward to many jobs returning once the orders are lifted.  We are fortunate to be in the Greater Seattle Area, as many industries such as tech and biotech will hold small businesses on their shoulders once their workers return to the brick and mortar locations.

 

Prior to the outbreak, we anticipated complete year-over-year price growth to be 4-6%. That has been adjusted to 1-3% due to this health crisis. Another important element to consider is equity levels: 33% of homeowners in Snohomish County have more than 50% equity in their home.

 

These are unprecedented times and there are many questions and concerns. It is my goal to help keep my clients informed and empower strong decisions, now more than ever. Please reach out if you’d like to discuss your real estate goals and how they relate to your lifestyle and bottom line. Be well!


Posted on April 22, 2020 at 10:19 pm
Casey Bui | Posted in Quarterly Market Trends, South Snohomish County |

North Snohomish County Quarterly Market Trends – Q1 2020

As we head into the second quarter amid the COVID-19 outbreak, new real estate listings and transactions have slowed after a strong first quarter. What would typically be the seasonally brisk Spring Market has tempered in respect of the Stay Home, Stay Healthy order.

 

During this time, some sellers are still coming to market and there are motivated buyers carefully viewing and purchasing homes. I’m happy to report that sellers are maintaining their home sale values through these negotiations. We anticipate pent-up demand for both sellers and buyers once the orders are lifted, and see the summer season becoming the new spring for real estate and a more normal second half of 2020, bearing control of the virus. We also look forward to many jobs returning once the orders are lifted.  We are fortunate to be in the Greater Seattle Area, as many industries such as tech and biotech will hold small businesses on their shoulders once their workers return to the brick and mortar locations.

 

Prior to the outbreak, we anticipated complete year-over-year price growth to be 4-6%. That has been adjusted to 1-3% due to this health crisis. Another important element to consider is equity levels: 33% of homeowners in Snohomish County have more than 50% equity in their home.

 

These are unprecedented times and there are many questions and concerns. It is my goal to help keep my clients informed and empower strong decisions, now more than ever. Please reach out if you’d like to discuss your real estate goals and how they relate to your lifestyle and bottom line. Be well!


Posted on April 22, 2020 at 10:18 pm
Casey Bui | Posted in North Snohomish County, Quarterly Market Trends |

South King County Quarterly Market Trends – Q4 2019

In the fourth quarter of 2019, there were 9% fewer new listings that came to the market compared to the fourth quarter of 2018, but pending sales outpaced inventory levels with a 7% increase in sales activity. The trend of pending sales outpacing new listings rang true throughout all of 2019, which illustrates strong buyer demand. This demand is being fueled by the lowest interest rates we have seen since 2016, additional job creation in our area, and the convergence of baby boomers making big lifestyle moves and millennials making their first home purchases. Equity levels are very healthy for many homeowners due to the last 8 years of price growth, providing the opportunity to make that right-size, move-up, or move-out-of-the-area move. An important factor to note as we head into Q1 of 2020 is the tighter-than-normal inventory levels. This will bode well for sellers, as buyers are anxious to secure a purchase with these historically low interest rates. Low interest rates are a benefit for buyers to have lower debt service, but also affords home sellers a larger audience.

 

This is only a snapshot of the trends in south King County; please contact me if you or someone you know would like further explanation of how the latest trends relate to your housing goals.


Posted on January 29, 2020 at 3:53 am
Casey Bui | Posted in Quarterly Market Trends, South King County |

Eastside Quarterly Market Trends – Q4 2019

In the fourth quarter of 2019, there were 17% fewer new listings that came to the market compared to the fourth quarter of 2018, but pending sales outpaced inventory levels with a 17% increase in sales activity. The trend of pending sales outpacing new listings rang true throughout all of 2019, which illustrates strong buyer demand. This demand is being fueled by the lowest interest rates we have seen since 2016, additional job creation in our area, and the convergence of baby boomers making big lifestyle moves and millennials making their first home purchases. Equity levels are very healthy for many homeowners due to the last 8 years of price growth (despite the 2018-2019 correction), providing the opportunity to make that right-size, move-up, or move-out-of-the-area move. An important factor to note as we head into Q1 of 2020 is the tighter-than-normal inventory levels. This will bode well for sellers, as buyers are anxious to secure a purchase with these historically low interest rates. Low interest rates are a benefit for buyers to have lower debt service, but also affords home sellers a larger audience.

 

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


Posted on January 29, 2020 at 3:53 am
Casey Bui | Posted in Eastside, Quarterly Market Trends |

Seattle Metro Quarterly Market Trends – Q4 2019

In the fourth quarter of 2019, there were 6% fewer new listings that came to the market compared to the fourth quarter of 2018, but pending sales outpaced inventory levels with a 26% increase in sales activity. The trend of pending sales outpacing new listings rang true throughout all of 2019, which illustrates strong buyer demand. This demand is being fueled by the lowest interest rates we have seen since 2016, additional job creation in our area, and the convergence of baby boomers making big lifestyle moves and millennials making their first home purchases. Equity levels are very healthy for many homeowners due to the last 8 years of price growth (despite the 2018-2019 correction), providing the opportunity to make that right-size, move-up, or move-out-of-the-area move. An important factor to note as we head into Q1 of 2020 is the tighter-than-normal inventory levels. This will bode well for sellers, as buyers are anxious to secure a purchase with these historically low interest rates. Low interest rates are a benefit for buyers to have lower debt service, but also affords home sellers a larger audience.

 

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


Posted on January 29, 2020 at 3:52 am
Casey Bui | Posted in Quarterly Market Trends, Seattle Metro |

North King County Quarterly Market Trends – Q4 2019

In the fourth quarter of 2019, there were 8% fewer new listings that came to the market compared to the fourth quarter of 2018, but pending sales outpaced inventory levels with a 29% increase in sales activity. The trend of pending sales outpacing new listings rang true throughout all of 2019, which illustrates strong buyer demand. This demand is being fueled by the lowest interest rates we have seen since 2016, additional job creation in our area, and the convergence of baby boomers making big lifestyle moves and millennials making their first home purchases. Equity levels are very healthy for many homeowners due to the last 8 years of price growth (despite the 2018-2019 correction), providing the opportunity to make that right-size, move-up, or move-out-of-the-area move. An important factor to note as we head into Q1 of 2020 is the tighter-than-normal inventory levels. This will bode well for sellers, as buyers are anxious to secure a purchase with these historically low interest rates. Low interest rates are a benefit for buyers to have lower debt service, but also affords home sellers a larger audience.

 

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


Posted on January 29, 2020 at 3:51 am
Casey Bui | Posted in North King County, Quarterly Market Trends |