METRO SEATTLE Real Estate Market Update

August 2019 statistics with % change from July 2019
Sold Listings: 726    down  -6%
Total Inventory: 1,203   down  -7%
Average Sales Price: $864,000    down -3%
Average Days on Market: 35   up +35%

Knowledge, communication, and partnership are key factors to a successful negotiation in Seattle’s market. In general, sellers have endured significantly different market conditions in the past, so their experiences are heavily influencing how they approach their real estate decisions today. Many buyers, on the other hand, have specific objectives in achieving their real estate dream, not motivated by past experiences. Your goals are the priority. Let’s get to work.

Sincerely,
Leah Pham

Source: Northwest Multiple Listing Service – METRO SEATTLE RESIDENTIAL

A brief snapshot of Seattle Metro housing stats at a glance, period ending 3rd Q 2019, click for a PDF version

10046 3rd Ave SW, White Center 98146

Fresh updates in this 1961 Mid-Century with surprisingly spacious floorplan. Front deck entry opens to living room with hardwood floors, picture windows, and handsome fireplace with slate tile surround. Kitchen has maple cabinetry, granite tile counter, new tile floor & stainless appliances. Dining area with access to pantry, and peek view northward towards the City. Main floor hosts three bedrooms + 2 full baths including master suite. Immense possibilities in daylight lower level which boasts family room with second fireplace and separate entry. Huge Bonus room is perfect for at-home office, crafting, yoga/exercise room, art studio, theater or game room, etc. Third full bathroom downstairs + ample storage/workshop. Fully fenced backyard is ideal for playing fetch with fur-babies, or hosting backyard parties of Frisbee or lawn bowling.  Off-street parking for 2+ RV/boat parking. Brand new carpet, double pane vinyl windows. Fantastic WC location just blocks to bus line, Dubsea Coffee, Greenbridge Library, plus easy access onto Hwy 509 a direct route to Downtown Seattle or the Airport. Enjoy all your favorite White Center spots just 0.7 mile away: Patricks Bakery, Crawfish House, Moonshot Coffee, Dotties, Good Day Donuts and many more. Move right in and enjoy! MLS #1529860

{   3 Bedrooms / 3 Full Baths / 2070 Sq Ft Home Size /  8113 Sq Ft Lot Size  / Off-Street Parking  }

1. For a copy of seller-procured Inspection Report, click here: Nguyen Combined Report
2. For a copy of Septic Inspection, plus As-Built, click here: 65698_FinalReport
3. For a copy of Seller Disclosure Form 17, click here: Seller Disclosure Statement-Improved Property
4. To view the Photo Gallery, click here

METRO SEATTLE Real Estate Market Update

August 2019 statistics with % change from July 2019
Sold Listings: 726     -6%
Total Inventory: 1,203     -7%
Average Sales Price: $864,000      -3%
Average Days on Market: 35     +35%

Knowledge, communication, and partnership are key factors to a successful negotiation in Seattle’s market. In general, sellers have endured significantly different market conditions in the past, so their experiences are heavily influencing how they approach their real estate decisions today. Many buyers, on the other hand, have specific objectives in achieving their real estate dream, not motivated by past experiences. Your goals are the priority. Let’s get to work.

Sincerely,
LEAH
Source: Northwest Multiple Listing Service – METRO SEATTLE RESIDENTIAL

METRO SEATTLE Real Estate Market Update

July 2019 statistics with % change from June 2019
Sold Listings: 756     -1%
Total Inventory: 1,296     -10%
Average Sales Price: $892,000      —
Average Days on Market: 26     +13%

Buyers have very specific expectations on what they are looking for, a combination of condition, location/lifestyle and price are all required.

Sellers’ objectives have centered on price and they are beginning to understand that buyers’ definition of value is much more. The complexity between buyers and sellers is the result of different experiences and expectations.

With online data, media coverage, family & friends all providing different perspectives on the market, buyers and sellers are succeeding by utilizing experienced professionals to sift through the voluminous data available.

Knowledge, communication and partnership are critical components of today’s real estate market. I know your goals are unique. Let’s start a conversation.

Sincerely,
LEAH

Fresh vibes in this entirely updated 2-level home, featuring living room with hardwood floors & wood burning fireplace w/brick surround. Open kitchen layout has plenty of cabinetry, slab counters, tile backsplash, gas cooking. Dining room with updated light fixture, has oversized slider leading out to deck overlooking backyard, perfect for dinner parties al fresco. Ample floorplan includes 4 bedrooms, 2.75 baths, including main floor master with huge walk-in closet & gorgeous attached master bath with double vanity and large shower. Fully finished downstairs : Lower level family room has fun custom built-ins., extra office nook, and laundry. Carport Parking, fenced backyard. Best of all, enjoy Lot A Beach Rights included: epic sunsets, firepits, boat launch, playground, duck pond, 700 ft of waterfront and beach.

{ 4 Bedrooms / 2.75 Baths / 2080 Finished Home sq ft / 10,500 Sq Ft Lot / 1.5 Miles to Angle Lake Light Rail Stop / Offered at $539,000 }

1. Click for copy of Preliminary Title Report: document
2. Seller Disclosure: 18920 4th S – Form 17 – Seller Disclosure – Improv
3. Click for Seller-procured Inspection Report: Brown_Nicole Combined Report (1)
4. Click Here for Lot A Beach Rights Info, and tour: https://youtu.be/2jUre-CpHHM
5. Click for Septic Docs: 18920 4th 2019 final
6. Click Here for Photo Gallery

Inquries? Leah@windermere.com

Q2 Seattle metro real estate numbers closed where the trends had suggested. While available inventory continues to tic upwards, average sales price declined 7%. This is further evidence that our market continues to moderate from the frenzied pace of the past 5+ years.

These are just a few highlights included on the full Quarterly Report.

METRO SEATTLE Real Estate Market Update

July 2019 statistics with % change from June 2019
Sold Listings: 756 -1%
Total Inventory: 1,296 -10%
Average Sales Price: $892,000 —
Average Days on Market: 26 +13%

The complexity between buyers and sellers is the result of different experiences and expectations. With online data, media coverage, family & friends all providing different perspectives on the market, buyers and sellers are succeeding by utilizing experienced professionals to sift through the voluminous data available. Buyers have very specific expectations on what they are looking for, a combination of condition, location/lifestyle and price are all required. Sellers’ objectives have centered on price and they are beginning to understand that buyers’ definition of value is much more.

Knowledge, communication and partnership are critical components of today’s real estate market. I know your goals are unique I know your goals are unique. Let’s start a conversation.

Sincerely,
leah

METRO SEATTLE Real Estate Market Update

May 2019 statistics with % change from April 2019
Sold Listings: 797 +7%
Total Inventory: 1,378 +30%
Average Sales Price: $915,000 +1%
Average Days on Market: 25 -11%

Metro Seattle real estate data suggests we may see a shift from a seller dominated market to a buyer supported position. An experienced local expert will assist you in navigating the shifting factors in today’s market. I welcome the opportunity to leverage data for your success.

Buyers will benefit from inventory growth
In May, Metro Seattle’s real estate market offered buyers more opportunity for success. New listings increased 24% while pending sales increased a modest 6%. What does this tell us? With more inventory available, buyers have more options. It has been years since buyers have had an equal position in the market. The key is understanding local statistics and trends in order to make an informed decision. I welcome the challenge to create a solid plan for your success.

Q1 data is traditionally a subtle indicator of what we might
expect for the spring selling season. However, February’s
unprecedented snow and weather conditions brought
the greater Seattle and Eastside area to a standstill for
the better part of the month. Given this unique quarter, we
find ourselves looking at the performance from the last
30 days to determine what we may expect this second
quarter.
In March, Metro Seattle saw new listings increase 71%
from the previous month and at the same time pending
sales increased by 80%. Sales outpacing new inventory
confirms that buyer demand remains strong. While
average sales price was 13% higher than February, the
90-day price trend is down 3% during the same period a
year ago. Although multiple offers have returned, many
of these offers were near the asking price. This is another
indicator that Seattle’s home prices have and continue
to stabilize. Finally, mortgage rates decreased in Q1 and
continue to show signs of this trend.
Most media reports are only looking at a narrow time
period and rarely provide the full perspective of the
market. Buyers and Sellers are well advised to seek the
advice of an experienced real estate professional to gain
the specifics that will serve their objectives. I welcome the
opportunity to provide you with facts that will position you
to succeed in today’s market.