Local Market Analysis

Local Market Analysis Home Price Affordability Driven by Commute Times Close proximity to the work place is often near the top of a buyer’s list of preferred features. 2015 proved to be the year that commute times to major job centers widened the price divide between key market areas in the Greater Seattle area. Seattle proper has always been more expensive than its neighboring suburbs, but the […]
Local Market Analysis Looking Towards the 2016 Real Estate Market As we round out a very strong 2015 in the real estate market, it is time to look towards 2016 and what it may bring. After two straight years of inventory challenges, multiple offer madness and steep price appreciation, will things start to temper? Below is a list of my predictions for what 2016 might hold for […]
Local Market Analysis How Much is Your Home Worth?   A Look at Local Home Value Growth Since 2012 Since 2012, home values have grown by around 10% each year, resulting in substantial return in pricing. Below are some examples of actual homes sold in 2012 and again in 2015 that were not remodeled or significantly improved in between sales. These examples show the […]
Local Market Analysis Housing Demand Defined What defines a housing market? We have had many different markets over the years that have been defined by certain identifiable factors. Will the last person leaving Seattle- turn out the lights, do you remember that billboard from 1971? Or the global housing boom of 2005-2007 that was driven by sub-prime credit lending options (which […]
Local Market Analysis Market Update – Q3 2015 The first three quarters of 2015 are measuring up to be a banner year in real estate. After three solid years of recovery, equity levels are providing sellers the opportunity to net more from their homes, providing them improved lifestyle options. More movement in the market would be welcomed as it would temper price growth […]
Local Market Analysis A Check-up on Prices & Appreciation As we finish up the 2015 summer selling market and head into fall it is a good time to take a look at where we are at regarding appreciation. The two maps below are from CoreLogic, a global real estate data analytic company. According to the top map, Washington has seen 8.9% in appreciation over the last […]
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