Local Market Analysis

Local Market Analysis

Is it better to rent or own?

The current break-even horizon* in the Seattle Metro area is 1.69 years! *The amount of time you need to own your home in order for owning to be a superior financial decision. With expensive rental rates, historically low interest rates, and home prices softening, there are advantages to buying versus renting. In fact, the Seattle Metro […]
Local Market Analysis, Quarterly Reports

Quarterly Reports: Q4 South King County

Q4: October 1 – December 31, 2018 SOUTH KING COUNTY: 2018 was a year of change and growth. The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 89%! Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have […]
Local Market Analysis, Quarterly Reports

Quarterly Reports: Q4 Eastside

Q4: October 1 – December 31, 2018 EASTSIDE: 2018 was a year of change and growth. The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 8% and since 2012 has increased 87%! Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have experienced, resulting […]
Local Market Analysis, Quarterly Reports

Quarterly Reports: Q4 Seattle Metro

Q4: October 1 – December 31, 2018 SEATTLE METRO: 2018 was a year of change and growth. The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 93%! Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have experienced, […]

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Local Market Analysis Is it better to rent or own? The current break-even horizon* in the Seattle Metro area is 1.69 years! *The amount of time you need to own your home in order for owning to be a superior financial decision. With expensive rental rates, historically low interest rates, and home prices softening, there are advantages to buying versus renting. In fact, the Seattle Metro […]

Local Market Analysis Quarterly Reports: Q4 South King County Q4: October 1 – December 31, 2018 SOUTH KING COUNTY: 2018 was a year of change and growth. The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 89%! Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have […]

Local Market Analysis Quarterly Reports: Q4 Eastside Q4: October 1 – December 31, 2018 EASTSIDE: 2018 was a year of change and growth. The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 8% and since 2012 has increased 87%! Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have experienced, resulting […]

Local Market Analysis Quarterly Reports: Q4 Seattle Metro Q4: October 1 – December 31, 2018 SEATTLE METRO: 2018 was a year of change and growth. The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 93%! Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have experienced, […]

Local Market Analysis Quarterly Reports: Q4 North King County Q4: October 1 – December 31, 2018 NORTH KING COUNTY: 2018 was a year of change and growth. The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 92%! Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we […]

Local Market Analysis Quarterly Reports: Q4 North Snohomish County Q4: October 1 – December 31, 2018 NORTH SNOHOMISH COUNTY: 2018 was a year of change and growth. The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 88%! Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have […]

Local Market Analysis Quarterly Reports: Q4 South Snohomish County Q4: October 1 – December 31, 2018 SOUTH SNOHOMISH COUNTY: 2018 was a year of change and growth. The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 85%! Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth […]

Local Market Analysis 2018 Year in Review 2018 was a year of growth and change. The dynamic greater Seattle area and hottest real estate market in the country started to head toward some balance. After six years of expansion resulting in an extreme seller’s market, we encountered a market shift in the late spring. Where it is tricky, is the media paints a somewhat scary […]

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Local Market Analysis Contingent Offers Making a Comeback? With a healthy increase in inventory since May, the need for buyers to have all their down payment funds immediately available, and a willingness to make offers with no contingencies, has passed in most cases. It has been quite a relief, and is providing opportunities for many folks that have wanted to cash in on their […]

Local Market Analysis Quarterly Reports: Q3 South Snohomish Q3: July 1 – September 30, 2018 SOUTH SNOHOMISH COUNTY: In September, the average days on market landed at 27 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering […]

Local Market Analysis Quarterly Reports: Q3 North King Q3: July 1 – September 30, 2018 NORTH KING COUNTY: In September, the average days on market landed at 23 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering […]

Local Market Analysis Quarterly Reports: Q3 Seattle Metro Q3: July 1 – September 30, 2018 SEATTLE METRO: In September, the average days on market landed at 23 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month […]

Local Market Analysis Quarterly Reports: Q3 Eastside Q3: July 1 – September 30, 2018 THE EASTSIDE: In September, the average days on market landed at 32 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month price […]

Local Market Analysis Quarterly Reports: Q3 North Snohomish Q3: July 1 – September 30, 2018 NORTH SNOHOMISH COUNTY: In September, the average days on market landed at 29 days and the original list-to-sale price ratio at 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is […]

Local Market Analysis Quarterly Reports: Q3 South King County Q3: July 1 – September 30, 2018 SOUTH KING COUNTY: In September, the average days on market landed at 26 days and the original list-to-sale price ratio 98%. Since May, inventory growth has been noticeable, and has given buyers more options. This has led to more negotiations and fewer bidding wars, which is tempering month-over-month […]

Local Market Analysis Wealth-Building Opportunities Abound for First Time Home Buyers With the sharpest increase of available homes for sale in years, more opportunities are now available for buyers, including first-timers. Many first-time home buyers have sat on the sidelines and remained renters due to the constriction of inventory, which put major pressure on price affordability. Not only has affordability been an issue, but the terms required to prevail […]

Local Market Analysis Quarterly Reports: Q2 South King Q2: April 1 – June 30, 2018 As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In […]

Local Market Analysis Quarterly Reports: Q2 North Snohomish Q2: April 1 – June 30, 2018 As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. […]