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Local Market Analysis Does it Make More Sense to Rent… or Own?   With Seattle’s robust job market and high housing costs, there has been a lot of talk lately about the cost of living in the Greater Seattle area. In fact, Seattle is now the 5th most expensive city to rent in the country according to a new study from Nested.com. The average monthly rental price […]
Bothell Unique Ways to Stay Active in Bothell: Bike Trails, Trampolines, & Water Sports Feeling a bit tired of heading to the gym as usual? Need some inspiration? Staying fit and healthy doesn’t have to be boring, and luckily for Bothell residents, there are plenty of unique ways for staying active! While Bothell is definitely home to some great gyms (Jen Bowman recommends Orange Theory and Fusion Hot Yoga […]
Bothell 4 Fabulous Ways to Spend a Weekend in Bothell A destination for locals and out-of-towners alike, Bothell’s wide variety of opportunities for fun and entertainment make it a top choice for those looking for a memorable weekend experience! Nestled in a prime location that’s surrounded by beautiful outdoors and some of the most popular attractions in the region, it’s not hard to be entertained […]
Bothell 7 Must-Visit Restaurants in Bothell (Plus Happy Hour Tips & Why Locals Love Each One!) If you’re looking for a fun date night restaurant or just a laid-back spot to grab some delicious eats, Bothell has got you covered! Home to several dining establishments with mouthwatering menus and some excellent happy hours, Bothell has everything from sushi and Italian to pubs and American breakfasts. Here are a few restaurants that come […]
Bothell New Construction in Bothell: Developments to Keep Your Eye On Bothell’s long list of excellent amenities, city conveniences, and central location ensures that it’s a highly desirable place to live. As a result, Bothell is also currently home to a myriad of new developments and new construction! “There’s lots of new homes in Bothell ranging from $499,000 to over a million,” shares Tonya Tye. And […]
Local Market Analysis Demand is High, Inventory Low… Here we Go! The two graphs here illustrate the amount of homes for sale, the amount of homes that sold, pending sales and new listings over the past two years in King and Snohomish Counties. This gives us a good look at the simple principle of supply and demand. We are currently experiencing one of the strongest Seller’s markets in […]
Mountlake Terrace 7 Breweries for Beer Lovers Just North of Seattle You don’t have to drive all the way to Seattle for premium microbrews and cool glasses of crafts beers—just north of Seattle, our beer scene is brimming with local options that any craft connoisseur will appreciate. Whether you want to fill up a growler, go on a weekend beer tour, or just grab a pint […]
Mountlake Terrace 4 Things You Need to Know About the Mountlake Terrace Transit Center As a local hub of transit and convenience, Mountlake Terrace is a popular choice for those who want to live in a smaller city that’s still close to Seattle and the Eastside. The Mountlake Terrace Transit Center makes this all possible by connecting local, commuter, and regional busses with passengers. “Mountlake Terrace has a great […]
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Mountlake Terrace 3 Places That Mountlake Terrace Dog Owners Need to Know About Whether you’re looking for a city that welcomes you and your furry best friend, or you already live in the Mountlake Terrace area and want to start exploring, you’re in luck! The Mountlake Terrace area has some excellent amenities for dog owners and their canine companions to enjoy, all while getting some exercise and enjoying […]
Mountlake Terrace Our 5 Favorite Things About the Mountlake Terrace Recreation Pavilion Nestled between Terrace Park School and the Mountlake Terrace Off-Leash Dog Park, the Mountlake Terrace Recreation Pavilion (5303 228th Street SW, Mountlake Terrace, WA 98043) is an incredible multi-purpose facility packed with amenities to take advantage of! When we asked REALTOR® Brian Hayter what people in MLT like to do for fun, the Recreation Pavilion […]
Local Market Analysis You Don’t Need Tulips for a Strong Home Sale These graphs (click to view larger) above provide a 10-year history of the odds of selling in the month of October for both King and Snohomish Counties. As you can see, the odds of selling are at a 10-year high, hitting 86% in King and 85% in Snohomish. These are quite favorable odds for sellers […]
Local Market Analysis Affordability: Commute Times & Interest Rates These graphs illustrate the brass tacks of affordability between King and Snohomish Counties, measured by the average monthly payment. Most recently in September, the average monthly payment was 35% higher in King County compared to Snohomish County. What is fascinating, though, is comparing today’s average monthly payment to peak monthly payments back in 2007! In King County, monthly payments […]
Local Market Analysis Market Update – Q3 Inventory levels providing more choices for buyers; is the market starting to stabilize? As we head into the fall and winter months after an incredibly eventful spring and summer, available inventory levels are starting to ease. It is still a seller’s market (3 months of inventory or less) in most areas, but one that is providing […]
Local Market Analysis Interest Rates and Your Bottom Line Wow, just wow! The interest rate levels that we have experienced in 2016 are seriously unbelievable. Currently we are hanging around 3.5% for a 30-year fixed conventional mortgage, almost a half a point down from a year ago. This is meaningful because the rule of thumb is that for every one-point increase in interest rate […]
Local Market Analysis What is the State of the Condominium Market in the Greater Seattle Area? We often speak about the Single Family Residential (SFR) market, but we thought it would be interesting to take a deep dive into the Condominium (condo) market in the Greater Seattle area. Condos can provide a more affordable option and have grown in popularity as SFR home prices have gone up.   Much like the SFR […]
Local Market Analysis Many Factors to Consider When Choosing to Rent vs. Own *The amount of time you need to own your home in order for owning to be a superior financial decision. There has been a lot of talk lately about the cost of living in the Greater Seattle area. Whether it has to do with home prices or rental rates the story is the same: it […]
Local Market Analysis A Thirteen-Year Overview of Inventory Levels- Where’s the Balance? The two graphs here illustrate a thirteen-year overview of inventory levels in both King and Snohomish Counties, highlighting the 2007 crash. Inventory levels are measured by the months of available inventory. For example, if there were 60 homes available in July and 30 homes sold in July, you would be left with two months of inventory; meaning that if no new homes came to market, […]
Local Market Analysis Market Update – Q1 2016 The 2016 real estate market is off to an extreme start! Strong buyer demand due to our flourishing job market and historically low interest rates are the driving force behind this market. Buyers often find themselves competing due to multiple offers which require seller-centric terms in order to win. Prices have continued to grow over the last two years, putting sellers in […]
Local Market Analysis Strategy is Key in an Extreme Market The beginning of 2016 has been quite the ride so far in our local real estate market. It has been the most extreme seller's market we've ever seen. At the end of February, both King and Snohomish Counties ended the month with only one month of inventory based on pending sales. Pending numbers (the amount […]
Local Market Analysis It’s an Amazing Time to be a Seller! The two graphs here illustrate the amount of homes for sale and the amount of homes sold over the past two years in King and Snohomish Counties. This gives us a good look at the simple principle of supply and demand. We are currently experiencing one of the strongest Seller's markets in recent history. A […]
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