Categorieseconomy, financing, home values, info for buyers, info for home owners, job market, quarterly report, Seattle, Seattle neigborhoods, Uncategorized, Washington real estate

Metropolist Magazine Volume 1 | Issue 1

Get Your Guide to the Hottest Real Estate Market in the Nation

Seattle’s real estate market, both residential and commercial, has been cooking for a few years, making it tough for people who want to enter the market, or even move within it. That’s where the 1st-ever Metropolist Magazine jumps in to inform.

Our 1st magazine is a 12-page guide packed with 2 main types of content, based on the last 6 months of market activity:

  1. Stories
  2. Data

Designed to easily inform and inspire you, this guide shares high-level data and professional insights about single-home, condominium and commercial sectors.

By neighborhood

Also, we’ve broken the data out by neighborhood provided by NWMLS data and Trendgraphix. So, if you’re living in Ballard or University District, head over to page 9.

Curious about what’s been going on in West Seattle or Belltown? Those are on page 10, along with loads of other neighborhoods and districts. Fremont? Queen Anne? Madison Park? Yes, yes & yes….and more.

The color coded legend at the top of page 9 will make it a snap for you to understand at a glance.

Our aim?

Keep it simple, but provide great information around a large investment that directly affects the most important things in your life… your home, your family and your future.

Making the most of it

For best strategies and results, we suggest you ask your trusted broker to walk through this guide for more personal insights based on your own home and investment goals.

Whether you’re buying, selling or just checking in on the market, it’s time to download your 12-page Metropolist Magazine now.

Categoriesquarterly report

At long last… Seattle Digs Quarterly Report!

I am so pleased to share my first Seattle Real Estate Quarterly Report.  Please take a look and let me know what you think.  I am very interested in feedback and would love to continually improve the format and the content over the next year.

Inside you’ll find information and synopsis of the first part of this year.  As well as graphs and visuals to show you what’s been happening in most Seattle neighborhoods.

Click HERE to download the PDF and watch for a paper version in the mail!

Categoriesquarterly report, Seattle neigborhoods

First Quarter 2010

The first quarter of 2010 has been a good one for the Seattle real estate market, overall.  Interest rates are still hovering around 5% and there are great houses listed at value prices for buyers.  Sellers are getting offers from qualified buyers that are decent and loans are closing!

As always, it is valuable to evaluate the current market in contrast to past market conditions.  Here is a chart that compares Q1 2010 to every year back to 2006 (4 years ago) for perspective.

The average Days on Market (DOM) has gone down in most neighborhoods by about 10-20 days since last year at this time, although it is still up 10-20 days from 4 years ago.

The number of sales this quarter has almost doubled in most neighborhoods compared to last year, although there are significantly less sales this quarter than in 2006.

The values in the current market seem to be homes <$350,000.  There are a lot of homes for sale and less buyer demand in the lowest price ranges than the upper price ranges, which are finally seeing good activity.  This is an opportunity for investor buyers, so if you have considered buying a rental property, please call us to discuss your options.

Here is some more interesting data we got from the Northwest Multiple Listing Service.  It shows the % change year over year of the median home price in King County.  It is helpful to see the recent cycle and compare the last 20 years.  2009 was a tough year, as many of you know, but 2010 should shape up to be much more stable.  Stay tuned…

Warm Regards,

Windermere Real Estate