Posts Tagged ‘market’
North Seattle Home Prices Rise 42 Percent
Home prices are up. Way up. Central Seattle and Beacon Hill both saw their median home price climb nearly 40 percent last year. In parts of North Seattle, the median home price leapt 42 percent. Forty-two percent. That’s absurd. The Seattle-wide median home price isn’t as bad. That measure only jumped 24 percent last year,…
Read MoreState of the Market: Winter Report
Seattle’s real estate market keeps setting records. For sellers, all this record-setting feels like the work of Michael Phelps or the new Star Wars movie. For buyers, though, it’s more like winning a Razzie. Lowest Inventory Listings feel rare these days. New Record! King County set an all-time low inventory level last November, New…
Read MoreA Seller’s Market!
Seattle homes have appreciated 6.6% in the past year. Some neighborhoods have even experienced double-digit appreciation. It’s a seller’s dream market! WHEN YOU SELL WITH THE REAL ESTATE GALS, YOU GET 100% COMMITMENT. WE WILL: • safeguard your best interest…
Read MoreDon’t Do This
Don’t do this: Don’t pay $717,000 for a 3-bed, 1-bath house. Don’t pay $158,000 above asking for a 1,100 sq-ft home. Don’t pay $640 per square foot in Ballard. These are the actions of a crazy buyer in a crazy market, a result of desperation and hypercompetition. Don’t do this. But someone did. This week,…
Read MoreState of the Market Address
It’s a once-in-a-generation real estate market in Seattle this year, with record-low inventory and unbelievable prices. What’s a low inventory? Well, we consider a healthy inventory of homes to be five months of sales. In other words, if you take the number of homes sold in an average month and multiply it by five, you…
Read MoreGals Tell It Straight
Just last week, Johnine talked a Wedgwood client out of moving. A husband and wife wanted to partner with us to sell their house and buy a new one, and we convinced them not to. Why? Why would we turn away good business? Because although it would have helped us, it wouldn’t have helped them.…
Read MoreA Day with the Gals: “Trust Me”
Johnine had shown Carol more than a hundred houses. Their partnership had lasted a full year—longer than a year, in fact. It had not taken so long to find a house because Carol was especially picky, or because inventory was low. It was just bad luck. Carol had made four offers on houses—and offers don’t…
Read More