The number of homes worth at least $1 million has tripled in the last four years across the Seattle metro area.
In fact the median price for a single-family home sold in Seattle last month reached $637,250, which is up from $425,000 four years prior, according to the Northwest […]
As a past or present Seattle renter, you’ve probably thought to yourself, at one point or another, “What a waste it is to throw my money into something I don’t own.”
Whether it be updates, decor for a small space or even just the rent check itself.
This recent article by Curbed Seattle highlights just how up and down this current Seattle renter’s market is.
Surprisingly, the most dramatic increase from this research can be seen in the pricing for studio apartments.
Start to plan for a future writing checks for an investment …instead of to a landlord!
If you are hoping to start off the New Year with a Seattle home purchase, make sure to do your research. With rising mortgage rates and still record low numbers of listings available, our market is as competitive than ever before.
The region was just ranked as the housing market with the fastest rising prices in the country, according to the Case-Shiller home price index.
Seattle Times released an article that helps break down the recent changes and further explain trends of both seller and buyer.
They’ve even provided an interactive graphic that breaks down the housing sub-market by providing median price, percentage change over the last year, and number of homes sold. This is a great resource in your exploration.
To my current clients & former clients, friends, family and colleagues,
I hope you dig me too.
This is my love letter to you and to the Seattle real estate market. It’s back baby! So, is it good time to buy? Sell? Simply peek around? Of course! Please read on.
The past few years were rough.But you hung in there and now housing prices are perking up like my Lola’s ears when I near the fridge. For Sale inventories today are near all time lows.
Homeowners who were under water are making it back to the surface.
A seller’s market can be a great time to buy if you have a good negotiator on your side. Someone like me!
2013: Don’t Lose It, Lease It
This year, many homeowners are moving onward and upward while turning their current homes into rental properties.
Why?
There are more qualified renters than there are available homes. Rental income can offset mortgage payments while your home equity continues to rebuild.
Interested in buying without selling?
I’ll show you how!
This house was like a date from hell. Looks like marriage material, but once you get to know it — total nightmare!
I recently helped a buyer score a beautiful house built in the 1980’s despite competing buyers.
Good thing Seattle Digs keeps the champagne on ice until the inspection is complete.
Reis Pearson of Inside Out Building Inspection discovered the siding trim was not properly installed,
causing 30 years of unseen water damage and infestation below the surface.
Estimated repair bill: $150,000.
My buyers were able to walk away without leaving their hearts — or their deposit — behind.
Seattle Digs is an easier, less stressful, more fun way to buy a home.
Learn more about Seattle Digs’ fresh approach to real estate at the
I’m looking for Ladies. Gents. Families too. If your friends, family and neighbors are thinking about transplanting this year — don’t send them to Google, send them to me!
I will help them get where they want to go.
In case you haven’t already been there, check out the…
All-New Seattle Digs Website!
This week my Quarterly Report came back from the printer just in time for all kinds of important economic events! Debt ceiling decisions, credit downgrades and unemployment rate reports all came in after we went to print so I thought I’d share a couple of things in conjunction with my report to round out the information.
Today the Huffington Post reported the US economy added 117,000 jobs in July which is great news that goes right in line with my observations of Q2-2011.
The big news as most of you know is the debt ceiling battle and subsequent credit downgrade. I don’t know about most of you but my head sometimes starts to spin with all this news. Wells Fargo released this fantastic explanation about the issue which helps to explain it in mostly plain English.
All this supports my assertion that long term thinking in all that we do is key. There won’t be any quick resolutions to the problems at hand. Baby steps, perspective and long term thinking is my mantra!
Best Regards,
Domenica
In the market today, we see opportunity for buyers – BIG TIME. There are so many great homes on the market for buyers to choose from and interest rates continue to hover around 4.25%. At the same time, we try to temper our enthusiasm about the current market (for buyers) and look at the big picture so we can help our clients make sound choices for their own personal situations. In researching the topic “Rent vs. Buy” we found sound points in favor of both choices and would like to share with you some of the highlights:
As always, we’d love to participate in your explorations of whether now is the time to buy and we hope you will forward this to your friends who currently rent and are considering their options.
Warm Regards,
Domenica
Windermere Real Estate
We are all facing the challenges of the economic downturn in one way or another. Many of our good friends and clients have lost their jobs and are struggling. Over the last year and for the much of the coming year, a big segment of our work is devoted to providing solid information and expertise to assist with sometimes difficult transitions. We just want to thank our clients for placing their confidence and trust in us.
Last weekend there was a great program on KUOW about “The Politics of Foreclosure” (to best listen to the program, click on the “download” link under the “Listen to Weekday” section). We encourage you to take some time and listen to this discussion. Steve Scher invited a panel of local experts who have very interesting insights into the current state of foreclosures in our area. The Seattle area is more solid and hopeful than most areas of the country, but it is predicted that our area will still experience a higher than normal level of foreclosures as adjustable rate mortgages and sub-prime mortgages continue to reset.
The good news:
We know that the homeowners who are most at risk are those who bought or refinanced (and maybe took out equity) since the height of the market in 2007. For these homeowners, they may be upside down on their mortgage if they need to sell because home values have decreased over that period. The options for loan modification are limited, but work is being done to address this issue. Our expertise is in selling homes, so we cannot assist you with loan modification questions, but we know of some resources to pass along and would love to learn from you, too!
Warm Regards,
