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Current Real Estate Market • August 11, 2020

July 2020 Market Snapshot

by Amie Armstrong

As you can see from the following stats in the link below, activity in July has been brisk! It is definitely a Seller’s market! Despite being in a pandemic, sales have been brisk. Pending Sales have been increasing consistently over the past two months, and inventory has shrunk–it is over 40% lower than at the same time last year. Active listings are down almost 40%. The number of pending sales is up almost 14% over last year. This is a lot of selling, especially now! My take on this is that the current numbers reflect of pent-up demand, and this summer is essentially the spring market due to COVID-19.
Please reach out if you’d like more detailed information or even if you just want to chat…I’m here for you!! #yourhomesherpa
Click here for the July 2020 market snapshot:
marketsnapshot 7.2020

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Current Real Estate Market 2022 Recap As we finish 2022, in North King and South Snohomish counties, at the end of November the median sold price went up 2.5% from one year ago but down 14.4% from its high of $900k in March of this year. Price fluctuations vary from neighborhood to neighborhood, at different price points, and depending on the […]
Current Real Estate Market Our Current Game of Musical Chairs The recent rise in interest rates coupled with high inflation has caused the real estate market to slow and has sidelined both buyers and sellers:  Would-be buyers are waiting for rates and inflation to come back down (so they can afford more house or even get into one), and many sellers are waiting for prices […]
Current Real Estate Market • My Listings • July 31, 2020

Just Listed Today!

by Amie Armstrong

Relax in this spacious, airy, 4 bedroom, 2.75 bath home that’s tucked away on a quiet cul-de-sac. Updates throughout include gleaming hardwood & tile floors, granite counters, stainless steel appliances, gas range, French doors, skylights, fresh paint, carpet, & more. Entertain on the upper deck, lower patio, & large backyard, then roast S’mores in the fire pit. Lower level has a huge family room w/4th bedroom/office, full bath, & separate entrance for possible work from home or ADU. Convenient access to schools, I-5/405, shopping. $598,000. This one will go fast!!

MLS #1639732
Virtual tour: https://my.matterport.com/show/?m=8XWrGDJ9XXT

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Current Real Estate Market The “Magic” Interest Rate to Motivate Sellers Many would-be buyers and sellers are sitting on the sidelines waiting for rates to drop before they decide to buy or sell their home. With roughly half of homeowners in the U.S. have 50% equity in their homes and more than 80% of them having a mortgage rate of 5% or less, it doesn’t make […]
Current Real Estate Market 2022 Recap As we finish 2022, in North King and South Snohomish counties, at the end of November the median sold price went up 2.5% from one year ago but down 14.4% from its high of $900k in March of this year. Price fluctuations vary from neighborhood to neighborhood, at different price points, and depending on the […]
Current Real Estate Market Our Current Game of Musical Chairs The recent rise in interest rates coupled with high inflation has caused the real estate market to slow and has sidelined both buyers and sellers:  Would-be buyers are waiting for rates and inflation to come back down (so they can afford more house or even get into one), and many sellers are waiting for prices […]
Current Real Estate Market • July 20, 2020

How Do Consumers Feel About Buying & Selling Right Now?

by Amie Armstrong

This week learn about results from the National Housing Survey results published by Fannie Mae.  Chief Economist Matthew Gardner dives into the #s that measure the public’s current sentiments re: buying and selling.

https://www.windermerehub.com/member/post/899f7d22-a5d3-432f-8717-7345911c8250?uid=107130&actr=Broadcast&actd=1135

Do you (or anyone you know) want or need to buy or sell a home now? If you are worried about staying healthy during COVID-19, call me! Utilizing technology & safe showing practices, I help you minimize risk and achieve the results you want. Trust a reliable guide! #yourhomesherpa

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Current Real Estate Market The “Magic” Interest Rate to Motivate Sellers Many would-be buyers and sellers are sitting on the sidelines waiting for rates to drop before they decide to buy or sell their home. With roughly half of homeowners in the U.S. have 50% equity in their homes and more than 80% of them having a mortgage rate of 5% or less, it doesn’t make […]
Current Real Estate Market 2022 Recap As we finish 2022, in North King and South Snohomish counties, at the end of November the median sold price went up 2.5% from one year ago but down 14.4% from its high of $900k in March of this year. Price fluctuations vary from neighborhood to neighborhood, at different price points, and depending on the […]
Current Real Estate Market Our Current Game of Musical Chairs The recent rise in interest rates coupled with high inflation has caused the real estate market to slow and has sidelined both buyers and sellers:  Would-be buyers are waiting for rates and inflation to come back down (so they can afford more house or even get into one), and many sellers are waiting for prices […]
Current Real Estate Market • My Listings • July 20, 2020

Sold Safely $38k Over Asking!

by Amie Armstrong

My Seller is in a high-risk group. She and her family had concerns about her staying safe during COVID-19, but she  needed to sell quickly and wanted top dollar for her home. I helped her achieve her goals:

  • Her home sold in 4 days for $38k over asking price (9.2% above list price)
  • 15 offers were presented, so my Seller got amazing terms. Great terms increase the chances of the sale closing, and make for a lower-risk transaction for the Seller.
  • The Seller remained healthy! She is thrilled, and so is her family.
  • 298 people toured the inside of her home without ever setting foot in it.

Do you (or anyone you know) want or need to buy or sell a home? Are you are worried about staying healthy during COVID-19? If so, call me! Utilizing technology & Safe Showing practices, I help you minimize risk and achieve the results you want. Trust a reliable guide! #yourhomesherpa

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Current Real Estate Market The “Magic” Interest Rate to Motivate Sellers Many would-be buyers and sellers are sitting on the sidelines waiting for rates to drop before they decide to buy or sell their home. With roughly half of homeowners in the U.S. have 50% equity in their homes and more than 80% of them having a mortgage rate of 5% or less, it doesn’t make […]
Current Real Estate Market 2022 Recap As we finish 2022, in North King and South Snohomish counties, at the end of November the median sold price went up 2.5% from one year ago but down 14.4% from its high of $900k in March of this year. Price fluctuations vary from neighborhood to neighborhood, at different price points, and depending on the […]
Current Real Estate Market Our Current Game of Musical Chairs The recent rise in interest rates coupled with high inflation has caused the real estate market to slow and has sidelined both buyers and sellers:  Would-be buyers are waiting for rates and inflation to come back down (so they can afford more house or even get into one), and many sellers are waiting for prices […]
Home Tips • July 14, 2020

Benefits of a Minimalist Lifestyle

by Amie Armstrong

Upgrade your life by living with less…by reducing stress, you can improve both your mental and physical health. Find ideas on how to get started living a more purposeful and focused life here.

 

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Home Tips 5 Tips for an Estate Sale Are you considering selling your home but have too.much.stuff? Are you a personal representative for an estate and need expert help? Here are 5 Tips to help you navigate! http://ow.ly/orqO50FYTtY Feel free to contact me for additional resources and assistance, 425-773-4381. #yourhomesherpa
Community Edmonds In Bloom! Are you a garden buff? Do you enjoy gardens even if you don’t personally garden? Well, here’s a great way to tour local gardens for inspiration and enjoyment. Saturday, July 18 the annual Edmonds In Bloom Garden Tour. This year marks the 25th Anniversary of this event. For tickets and other information, click this link: […]
Current Real Estate Market • July 13, 2020

June 2020 Market Stats for the NWMLS

by Amie Armstrong

Check out June 2020 real estate statistics for the 23 counties that comprise the Northwest Multiple Listing Service (NWMLS). Quick takeaways:

  1. COVID-19 + Low inventory are the driving factors in the current real estate market. Homes are selling 33% faster than they were a year ago.
  2. Compared to 2019, inventory of available homes was down 42% in June, while the # of pending sales increased 3%.
  3. Homes are selling FAST. These slides don’t show it, but days on market (how long a home takes to sell) is decreasing. You can see this on the “Local Real Estate Statistics & Trends” tab at the top of my home page.
  4. Long story short: After a sluggish April and May, summer is emerging as the new spring in the housing market, at least for this year.

Statistically, you know 3-4 people who will be moving this year. Help your friends & family by referring me so I can help them navigate what is likely the biggest financial decision of their life. I’m here to help! #yourhomesherpa

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Current Real Estate Market Our Current Game of Musical Chairs The recent rise in interest rates coupled with high inflation has caused the real estate market to slow and has sidelined both buyers and sellers:  Would-be buyers are waiting for rates and inflation to come back down (so they can afford more house or even get into one), and many sellers are waiting for prices […]
Current Real Estate Market • July 7, 2020

Why Aren’t More Millennials Buying Homes?

by Amie Armstrong

Why is home buying lower among Millennial buyers? Matthew discusses this as well as how a lack of home buying can affect long-term wealth and wealth inequality.

As always, if you know someone who is thinking of buying or selling, please pass on my info…I’d love to help! #yourhomesherpa

https://www.windermerehub.com/member/post/2b898d6d-6b32-43e0-a85f-9a102d36c26a?uid=107130&actr=Broadcast&actd=1098

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Community • July 4, 2020

Happy Independence Day!

by Amie Armstrong

I hope you and your loved ones have a happy and safe 4th of July!

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Community • July 3, 2020

Independence Day Celebration Ideas

by Amie Armstrong

With a global pandemic and restrictions on gatherings, most of us are not celebrating in our “normal” way this July 4th.  If you’re looking for ideas on other ways to celebrate, check out this guide to improvising and adapting your celebrations for a fun and festive 4th!

https://www.windermere.com/blogs/windermere/posts/celebrating-4th-of-july-during-covid-19

 

Photo source: Canva

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Current Real Estate Market • June 24, 2020

New COVID-19 Requirements for Real Estate

by Amie Armstrong

Recently, Governor Inslee made changes to the rules/requirements for Real Estate. Here are the latest requirements as of 6/24/2020, sorted by Phases. WA Counties are listed at the bottom of the chart.

062420 Phase Chart with Counties

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