June W Report


Posted on June 21, 2020 at 12:33 am
Leah Pham | Posted in Market News, Real Estate |

Covid: LOCAL HOME SALES TRENDING: BEFORE AND AFTER THE SHUTDOWN

In order to capture the full picture of how the market is faring week-to-week during COVID-19, Windermere has closely tracked residential sales activity in King County. An analysis of weekly pending home sales tells a tale of three markets: Before the shutdown, the first weeks of the shutdown, and everything since.

A pre-shutdown recap shows that the market was flat in January compared to the same month last year, while February saw a spike as pending units significantly outpaced those of 2019. And the first half of March – the weeks immediately before the statewide shutdown – showed slightly higher activity than March 2019. Then the Stay Home order kicked in, real estate brokers and their buyers were forced to the sidelines, and the market stalled. As a result, the last two weeks of March and each week of April saw pending sales well below those from last year.

Since the first week of April, however, pending sales have been on the rise, revealing a market that is gaining steam once again. Home sales are still trending behind last year’s but catching up remarkably fast. Whereas April began with weekly pending sales at only 40% of 2019 levels, by mid-May that figure had climbed to 79%.

Though the shutdown initially slowed King County’s spring market to a trickle, home purchase activity is now strengthening each week as the pace quickens for both buyers and their brokers.


Posted on June 5, 2020 at 2:12 am
Leah Pham | Posted in Market News, Real Estate |

Seattle Metro Report Q1 2020: A Special Report

 

Full report via PDF:

Special-Report-Q1-2020-Pham-Leah


Posted on May 12, 2020 at 4:44 pm
Leah Pham | Posted in Market News, Real Estate |

Covid19 and the Housing Market

Hear what our Windermere Chief Economist, Matthew Gardner, has to say about the effects of the Covid19 Virus and the Housing Market


Posted on March 11, 2020 at 12:26 am
Leah Pham | Posted in Events, Market News, Real Estate |

2019 Annual Report

Seattle Metro 2019 Housing Market Overview
After years of declining inventory and aggressive price appreciation, 2019 brought a sense of balance to the Metro Seattle real estate market. Affordability issues led to moderation in prices as buyers pulled back to assess market conditions.


Posted on January 29, 2020 at 7:14 pm
Leah Pham | Posted in Market News, Real Estate |

Celebrating 2019

In celebration of the 28 homes I had the opportunity to sell this year, I have donated to the following charities to celebrate these closings. My 2019 Charitable Giving included donations to:
Windermere Foundation
American Heart Association
UW Alumni Association
NW Sarcoma Foundation
JDRF International
Standup For The Cure
Spin 4 Crohns/Colitis
Evergreen Treatment Center
Climate Strike Solidarity Fund
Vietnamese Friendship Society
Chief Sealth Intl HS
REACH
Westside Baby
White Center Food Bank
ACLU
WS Co-op Preschools
Social Justice Fund NW
American Red Cross
Rainier Valley Corps
Rebuilding Together Seattle

Please tell me, What is your favorite charity? I’ll be sure to include them in my giving plan for next year!
#SoldRoll2019


Posted on December 30, 2019 at 7:54 pm
Leah Pham | Posted in Events, Market News, Real Estate |

September Market Snap 2019

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


Posted on November 6, 2019 at 7:13 pm
Leah Pham | Posted in Market News, Real Estate |

August Market Snap

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


Posted on September 24, 2019 at 2:25 am
Leah Pham | Posted in Market News, Real Estate |

End of July 2019 Market Snap

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


Posted on September 20, 2019 at 3:26 pm
Leah Pham | Posted in Market News, Real Estate |

Q2 2019 Seattle Metro Market Update

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.


Posted on August 19, 2019 at 3:58 am
Leah Pham | Posted in Market News, Real Estate |