Archive for the ‘Investment’ Category

Luxury Market Upswing

Posted: February 12th, 2015 by Brad

Further evidence of a housing recovery is reflected in high-end sales. Northwest MLS members reported 2,069 sales of single family homes priced at $1 million or more, up nearly 28 percent from the 2013 total of 1,621 “luxury” sales. Condos priced at $1 million and up accounted for another 152 sales. A total of 878 [...]

Happy 2015! Market Predictions

Posted: January 14th, 2015 by Brad

We’re optimistic it will be a happy new year. The economy continues to pick up steam as the job market strengthens and oil prices plummet. Of course the only constant is change and our market is dynamic. The following are our predictions for the year ahead for our regional real estate market: 1) Foreclosures – [...]

Year In Review

Posted: December 10th, 2014 by Brad

Last January we made some predictions for this year, which we posted to our blog available via the following link: http://justrealseattle.com/2014/01/new-year-predictions/. The following five bolded statements were our 2014 market predictions with descriptions of what the market actually did this year. 1. Inventory Should Gradually Stabilize and Return to Traditional Seasonal Levels Perhaps this was [...]

Home Sales Stay Strong

Posted: October 14th, 2014 by Brad

Pending sales of homes around Western Washington  surged more than 13 percent in September compared to a year ago, and listing activity picked up slightly, fueling both broker optimism and words of advice for sellers. Along with increases in the number of mutually accepted offers, the latest report from Northwest Multiple Listing Service (MLS)  shows [...]

Stable Market, Modest Gains

Posted: September 16th, 2014 by Brad

“Stability” seemed to characterize the direction of Western Washington’s housing market during August, according to new figures from Northwest Multiple Listing Service (MLS). Both the volume of sales and prices rose slightly from a year ago, although both indicators slipped somewhat from July. MLS members also reported a modest year-over-year increase in inventory, but the [...]

Home Energy Audit = Affordable Comfort

Posted: September 16th, 2014 by Brad

Most homes built prior to 1980 had very little insulation. In Seattle, about two thirds of the city’s housing stock was built prior to World War I. Such homes could likely be more comfortable and affordable to keep warm, especially during the cooler, wetter winter months. Building science offers effective, proven ways to upgrade both [...]

Posted In: Blog, Going Green, Investment

Housing Market in ‘Recovery Mode’

Posted: August 13th, 2014 by Brad

More sellers listed their homes for sale during July compared to a year ago, but brokers with Northwest Multiple Listing Service (MLS) say inventory remains “well below” what is considered to be a balanced market.   King county has less than a two month supply of inventory. Highly sought after neighborhoods such as Ballard/Greenlake and [...]

News in Brief

Posted: August 13th, 2014 by Brad

Last year, Seattle grew faster than any other major American city, according to population estimates recently released by the Census Bureau and reported by the Seattle Times. From July 1, 2012 to July 1, 2013, Seattle grew by 2.8 percent – the highest rate among the 50 most-populous U.S. cities. Seattle added nearly 18,000 residents [...]

Hot Summer Market

Posted: July 16th, 2014 by Brad

Listing activity increased during June. Yet strong job growth in the Seattle/King County region has brokers predicting brisk sales with competitive bidding throughout the summer. Figures just released by Northwest Multiple Listing Service for June activity show gains from a year ago on several key indicators, including inventory, pending sales, closed sales, and prices: Brokers [...]

Market Activity Brief

Posted: June 13th, 2014 by Brad

Housing around Western Washington is on an upward trajectory, but inadequate inventory “in the right prices and locations” makes for a “very difficult market for purchasers and brokers,” according to an executive with one multi-office real estate company.   New figures from Northwest Multiple Listing Service show inventory increased in May compared to a year [...]

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