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 | Category: 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 | Category: Uncategorized

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 | Category: Uncategorized

Outdoor Movie Schedule: Summer 2018

Don’t forget your blanket and the popcorn! It is the time of year when it’s nice enough to grab a movie outdoors – how fun!  Here is a list of local outdoor movies planned for this summer.

South Snohomish

Arlington’s Old Time Movies

Terrace Park

7/6       Star Wars: The Last Jedi (at the Airport Fly In)

7/12     Early Man

7/19     Peter Rabbit

 

 

Edmond’s Outdoor Movie Night

Frances Anderson Center Field

7/27     Moana

8/3       Wonder

 

Everett’s Cinema Under the Stars

Thornton Sullivan Park, Camp Patterson Field

7/20     Early Man

7/27     Coco

8/3       Wonder

8/10     Moana

8/17     Guardians of the Galaxy Vol 2

 

Marysville Popcorn in the Park

Jennings Park, Lioins Centennial Pavilion

7/14     Despicable Me 3

7/21     Jumanji

7/28     Cars 3

8/4       Wonder Woman

8/11     Star Wars: The Last Jedi

 

Sundquist Family Movies in the Park

Willis Tucker Park

7/12     Jumanji

7/19     Ferdinand

7/26     The Greatest Showman

8/2       Coco

8/9       Wonder

8/16     Beauty and the Beast

 

Eastside

Bellevue Movies in the Park

Downtown Park

7/10        Despicable Me 3

7/17        Boss Baby

7/24     The Lego Ninjago Movie

7/31     Goodbye Christopher Robin

8/7       Paddington 2

8/14     The Greatest Showman

8/21     Ferdinand

8/28     Ghostbusters

 

Crossroads Movies in the Park

Crossroads Park

8/2       TBD

8/9       TBD

8/16     TBD

8/23     TBD

 

Carillon Point Outdoor Movies

Carillon Point Plaza

7/7       Despicable Me 3

7/21     The Wedding Singer

8/4       Jumanji

8/18     Star Wars: The Last Jedi

 

Movies at Marymoor

Marymoor Park

6/28     The Goonies

7/5       Wonder Woman

7/11     Jumanji

7/18     Coco

7/25     The Greatest Showman

8/2       10 Things I Hate About You

8/8       Thor: Ragnarok

8/15     Ferdinand

8/22     Black Panther

8/29     The Princess Bride

 

Seattle Area

Bite of Seattle

Seattle Center Mural Amphitheatre

7/20     A League of Their Own

 

Cinema under the Stars

Columbia Park

7/14     Best of the Children’s International Film Festival

8/18     Coco

 

Movies at the Marina

Shilshole Bay Marina

8/3       Overboard

8/17     Moana

 

Movies at the Mural

Seattle Center Mural Amphitheatre

7/28     The Princess Bride

8/4       Get Out

8/11     Little Shop of Horrors

8/18     I am Not Your Negro

8/25     Wonder Woman

 

Seattle Outdoor Cinema

South Lake Union Discovery Center

6/16     The Goonies

7/21     Jurassic Park

8/25     Black Panther

 

West Seattle Outdoor Movies

Fauntleroy Triangle

7/21     Wonder Woman

7/28     The Secret Life of Pets

8/4       Star Wars: The Last Jedi

8/11     A Wrinkle in Time

8/18     Coco

8/25     Black Panther

 *Check websites for start times, pre-movie activities and to make sure your favorite movie hasn’t been canceled or changed!

Posted on June 15, 2018 at 8:20 pm
Casey Bui | Category: Uncategorized | Tagged ,

FICO Scores

I often hear that potential buyers think they need to have perfect credit to qualify for a home purchase.  Check this out!  53% of buyers had a score between 600-749 according to Elle Mae.  If you’re curious about what it takes to be a buyer in today’s market, please reach out and I can help.

Posted on June 6, 2018 at 6:59 pm
Casey Bui | Category: Uncategorized

Veggie Planting in Seattle

It’s not too late! If you’re thinking about planting some fresh veggies but haven’t started yet, you still have time to get things in the ground for a late summer/early fall harvest. On average, the Puget Sound’s frost-free growing season is mid-March through mid-November, so with a little knowledge of when and how to start things, you can still see a bountiful harvest this year.

Some plants can be direct seeded into your garden, while others should be started indoors before being transplanted to your garden space. Deciding what to grow is the fun part! Plant what you like to eat, keeping in mind that some plants do better in our area than others.

Broccoli is arguably one of the most productive veggies you can grow in this area, although it can be vulnerable to root maggots and aphids. Giant Italian Parsley is easy to grow, highly productive, and expensive in the grocery store. Leeks are another that can be costly to buy in the store but trouble-free to grow in your own small space. Chard, Kale, Lettuce and Arugula are all full of vitamins and great for Northwest gardens. Carrots, Snap Peas, Snap Beans, Tomatoes and Basil all taste amazing fresh from the garden and grow relatively well in this area.

Check out the great resources at Garden.org for a full list of when to plant all these vegetables and more. They have detailed timelines for both spring and fall gardening; as well as information on transplanting seedlings vs. direct-sowing seeds.

Posted on May 1, 2018 at 4:55 am
Casey Bui | Category: Uncategorized

Does it make more sense to rent or own?

The current break-even horizon* in the Seattle metro area is 1.6 years!

*The amount of time you need to own your home in order for owning to be a superior financial decision.

With rising rental rates, historically low interest rates, and home prices on the rise, the advantage of buying vs. renting is becoming clearer each month.

In fact, Seattle has seen some of the sharpest rent hikes in the country over the last year! Snohomish County has seen a huge increase in apartment growth and rising rental rates as well. There are several factors to consider that will lead you to make the best decision for your lifestyle and your financial bottom line. Zillow Research has determined the break-even point for renting vs. buying in our metro area. In other words, the amount of time you need to own your home in order for owning to be a superior financial decision. Currently in Seattle the break-even point is 1.6 years – that is quick! What is so great about every month that ticks away thereafter is that your nest egg is building in value.

I am happy to help you or someone you know assess your options; please contact me anytime.

These assumptions are based on a home buyer purchasing a home with a 30-year, fixed-rate mortgage and a 20 percent down payment; and a renter earning five percent annually on investments in the stock market.

Posted on May 1, 2018 at 4:54 am
Casey Bui | Category: Uncategorized

Farmer’s Market Schedule – 2018

 

  • South Snohomish County •

 

Arlington Farmers Market
Legion Park: 200 N. Olympic Ave
Saturdays. 10am-3pm | July 7 — Sept 29

 

Bothell Farmers Market
Country Village: 23718 Both-Evrt Hwy
Fridays 12pm-6pm | June 1—Sept 28

 

Bothell South County Community Market
Park Ridge Church: 3805 Maltby Road, Bothell
Wednesdays 4pm-8pm | June 6—Sept 26

 

Edmonds Garden Market
Historical Museum: Between 5th & Bell Street
Saturdays 9am-2pm | May 5—June 9

 

Edmonds Summer Market
Downtown: 5th St from the fountain
Saturdays 9am-3pm | June 16—Oct 6

 

Everett Farmers Markets
Boxcar Park: 615 13th Street
Sundays 11am-4pm | May 13—Oct 14

 

Everett Transit Center: 2333 32nd St
Wednesdays 4pm-8pm | May 23—Sept 26

 

Marysville Farmers Market
1035 State Ave
Saturdays 10am-2pm | June 23—Sept 1

 

Mill Creek Farmer’s Market
15720 Main St.
Fridays 12pm-5pm
May 25-August 31

 

Mukilteo Farmers Market
Lighthouse Park: 609 Front Street
Wednesdays 3pm-7pm | June 7—Sept 27

 

Snohomish Farmers Market
The intersection of Cedar Ave & Pearl St.
Thursdays 3pm-7pm | May 3—Sept 27

 

 

  • The Eastside •

 

Bellevue Farmers Market
First Presbyterian: 1717 Bellevue Way NE
Thursdays. 3pm-7pm | May 17—Oct 11

Bothell Farmers Market
Country Village: 23718 Both-Evrt Hwy
Fridays 12pm-6pm | June 1—Sept 28

 

Issaquah Farmers Market
Pickering Barn: 1730 10th Ave NW
Saturdays 9am-2pm | May 5—Sept 29

 

Juanita Friday Market
Juanita Beach Park: 9703 NE Juanita Dr
Fridays. 3pm-7pm | June 1—Sept 28

 

Mercer Island Farmers Market
Mercerdale Park: 7700 SE 32nd St
Sundays 10am-3pm | June 3—Oct 7

 

Redmond Saturday Market
Redmond Town Center: 7730 Leary Way NE
Saturdays 9am-3pm | May 5—Oct 27

 

Sammamish Farmers Market
City Hall Plaza: 801 228th Ave SE
Wednesdays 4pm-8pm | May 9—Sept 26

 

Woodinville Farmers Market
DeYoung Park: 13680 NE 175th St
Saturdays 9am-3pm | May 5—Sept 29

 

 

  • Seattle Area •

 

Ballard Farmers Market
Ballard Ave NW
Sundays. 10am-3pm | Year round

 

Capitol Hill Broadway Farmers Market
Seattle Central Comm College: Broadway & Pine
Sundays 11am-3pm | Year round

 

Columbia City Farmers Market
37th Ave S & S Edmunds St
Wednesdays 3pm-7pm | May 9—Oct 10

Fremont Sunday Market
Corner of 3410 Evanston Ave N
Sundays 10am-4pm | Year round

 

Lake City Farmers Market
125th St and 28th Ave NE
Thursdays 3pm-7pm | June 7—Oct 4

 

Lake Forest Park Farmers Market
Third Place Commons: 17171 Bothell Way NE
Sundays 10am-3pm | May 13—Oct 21

Madrona Farmers Market
1126 Martin Luther King Jr. Way
Fridays 3pm-7pm | May 18—Oct 12

 

Magnolia Farmers Market
Magnolia Village: 33rd Ave W & W McGraw
Saturdays. 10am-2pm | June 2—Oct 20

 

Phinney Farmers Market
Phinney Neighborhood Center: Phinney Ave N
Fridays 3:30pm-7:30pm | June 1—Sept 28

 

Pike Place Farmers Market
Pike Place & Pine St
Saturdays 9am-5pm | June 2—Nov 24

Queen Anne Farmers Market
W Crockett Street & Queen Anne Ave N
Thursdays 3pm-7:30pm | June 7—Oct 11

 

Shoreline Farmers Market
15300 Westminster Ave N
Saturdays 10am-3pm | June 9—Oct 6

 

University District Farmers Market
University Way NE “the Ave”
Saturdays 9am-2pm | Year round

 

Wallingford Farmers Market
Meridian Park: Meridian Ave N & N 50th St
Wednesdays 3pm-7pm | May 16—Sept 26

 

West Seattle Farmers Market
California Ave SW & SW Alaska St
Sundays 10am-2pm | Year round

Posted on May 1, 2018 at 4:53 am
Casey Bui | Category: Uncategorized

Should you buy or rent in today’s market?

Does it Make More Sense to Rent… or Own?

break-even horizon seattle

*The amount of time you need to own your home in order for owning to be a superior financial decision.

 

With Seattle’s robust job market and high housing costs, there has been a lot of talk lately about the cost of living in the Greater Seattle area. In fact, Seattle is now the 5th most expensive city to rent in the country according to a new study from Nested.com. The average monthly rental price for a one bedroom apartment in the city of Seattle is $1,790 according to Zumper.com, up 8.5% year-over-year; and a two bedroom is $2,470, up 6% year-over-year! With rising rental rates, still historically low interest rates, and home prices on the rise, the advantage of buying versus renting has become clear for folks who have a down payment saved, good debt-to-income ratios and strong credit. Currently, the breakeven horizon (the amount of time you need to own your home in order for owning to be a superior financial decision vs. renting) in the Greater Seattle area is 2.4 years according to Zillow research.

An additional study by Nested.com outlines the monthly rental costs for a single person or a family of four, as well as the yearly income required. In Seattle, it costs the average single person $1,288.76 a month to rent, which requires an annual income of $53,328.00. The average family of four costs $2,665.34 for monthly rent, and an annual income of $101,186.48. That is a lot of money one would be paying towards someone else’s investment.

There are several factors to consider that will lead you to make the best decision for your lifestyle and your financial bottom line. One of the biggest factors is interest rates! Currently, the rate for a 30-year fixed, conventional, conforming loan is hovering around 4.25%. That is amazingly and historically low, making the advantage of securing a mortgage huge. What is nice about having a mortgage is that the payment stays the same over the term of the loan. With renting, rates can be increased at any time, and you are paying down someone else’s asset, not your own. Owning gives the homeowner control over their overhead while getting to make their house their home. What is also so great about owning, is that once you have hit the breakeven horizon, every month that ticks away thereafter is building your nest egg in value. The long-term benefits of owning are abundant, including the stability of not being asked to move. These are important factors to consider for everyone, but especially the younger folks who are enjoying the benefits of Seattle’s attractive job market.

Where folks are having to compromise most due to affordability is commute times, and settling in less urban neighborhoods. Worth pointing out, is the average home price in South Snohomish County is 46% less than Seattle Metro – that is a huge savings! Some people, mainly millennials, have not been willing to give up living in the more core urban neighborhoods that have high walk scores and shorter commute times. That should be apt to change as rents are rising fastest in those areas. The advantages of moving out a little further and securing a home will start people on the track of building long term wealth.

If you or anyone you know is currently renting and is considering a change, please let us know as we would be happy to get their questions answered to help them make an informed decision.

 

Posted on March 23, 2017 at 10:32 am
Windermere Real Estate North | Posted in Local Market Analysis | Tagged , , , ,
Posted on March 29, 2017 at 5:15 pm
Casey Bui | Category: Uncategorized