Community Information • November 28, 2019

Celebrating New Year’s Eve off the Beaten Path

by Kim Harman

Because big parties with crowds, expensive cocktails, and massive fireworks shows aren’t the only way to ring in the new year.

The holiday season is in full swing, and the year (and the decade!) is almost over. If a big party is not your scene, you’re not alone. Some of the most fun and meaningful moments in life are a little more intimate, and shared with people we love. Below, I’ve rounded up a few ideas for ringing in the new year that are a little off the beaten path.

Staying In

Dinner Party

Invite your favorite people to share a meal. Plan an elaborate menu, and go all-out fancy. It’s the end of a decade, after all. Not much of a cook? Plan a potluck instead. Challenge everyone to make something they wouldn’t normally cook. Or assign teams and host a cook-off competition. There are lots of possibilities, but the end result of spending the evening with those you love, reflecting on the past and planning for the future is always a win.

Game Night

Gather the gang for drinks, snacks, and some good-natured smack talk. Game nights provide an easy way to laugh, play, and get out of your comfort zone, together. To avoid a game night fail, make sure you think about these three questions: 1) How many people can comfortably fit in your space 2) How many people can play the games you want to play 3) What kind of group do you want to have?

There are tons of great games you can play together, but here are some ideas, broken down by category. May the best player win!

Wine Tasting

Invite a local wine expert and a few friends to a special NYE tasting. Or, choose a type of wine and a price-point, and have everyone bring a bottle. Whether you are supplying the wine, or leaving it up to your guests, you’ll need to make sure you have enough wine glasses and a couple of good corkscrews, as well as plenty of food to soak it all up. Here are some great tips and ideas for hosting a great tasting.

If wine isn’t your thing, you could host a tasting event with beer, chocolate, or a different food item you love!

Pajama Party

If you’d rather have a low-key, casual evening at home, throw a pajama party! Cocktails, appetizers, and jammies were definitely meant to be together! You could make it a girls night in, a sleepover, a movie marathon, a family affair… so many possibilities! To make the evening feel extra special, have a signature cocktail for the evening. Perhaps something with champagne? Plan lots of snacks, gather all the throw blankets and pillows you can find, and get cozy.

Out & About

Overnight Hotel Stay

Take a mini vacay! It could be a fun getaway for the family, a renewing solo adventure, or the ultimate date night. During the day you can do some shopping, go see a movie, take advantage of the hotel pool, or relax in the spa. Ring in the new year with a meal in the hotel restaurant, or order room service for a special treat.

Attend a Religious service

Also called a Watchnight Service or Mass, the late-night New Year’s Eve religious service is a wonderful opportunity for self-reflection, renewal and preparing for the year ahead.

Volunteer

Spend the day volunteering your time for a worthwhile cause that is important to you. Perhaps there is a homeless shelter in your city who is looking for help serving dinner. Or a nursing home nearby, full of people who could use a friendly visitor. Make it a family day, or ask a few friends to join you. Spending time serving others can be one of the most rewarding ways to close out the year.

Karaoke!

For a casual, fun-filled evening with friends, ring in the new year with singing, drinks, laughter, and fun. If you like the idea of karaoke, but you’re too shy to sing in front of strangers, rent a private karaoke room so only you and your closest friends can laugh at each other.

No matter how you decide to close out the year, choosing to spend your time with people you love will ensure that you have a holiday worth remembering.

Cheers!

Monthly Newsletter • November 28, 2019

Monthly Newsletter: November 2019 – Quarterly Economic Update

by Kim Harman

I am pleased to present the third-quarter 2019 edition of the Gardner Report, which provides insights into select counties of the Western Washington housing market. This analysis is provided by Windermere Real Estate Chief Economist Matthew Gardner. I hope that this information will assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me.

Read the full report here.

As winter approaches, it’s time to make sure your home is ready for the harsh weather ahead. To avoid costly repairs later, take some time now preparing your home to withstand another cold season. Here are 30 important tasks to protect and prepare your investment. View the full list here.

Have you been keeping track of the Seahawks home game defensive tackles? We have. Every one means another $100 donated to Mary’s Place. After the last home game win against Tampa Bay, our total raised to date is $118,100. Every play matters in the fight against homelessness! Follow along on social media with #tacklehomelessness. Go Hawks!

Community Information • November 5, 2019

Holiday Tree Lighting Celebrations

by Kim Harman

Kick off the holiday season with a community tree lighting celebration. Thanksgiving falls late on the calendar this year, so the Christmas festivities will be right on it’s heels. Some of these celebrations start as early as the day after Thanksgiving!

The bigger celebrations feature Santa’s arrival, and most of the communities will have fun activities designed to put you and your family in the holiday spirit. live music, refreshments, crafts, and other fun activities. Santa will make an appearance at most of these as well.

Nov. 29 – Bellevue at Bellevue Place

Nov. 29 – Seattle at Westlake Center

Nov. 30 – Seattle at Pike Place Market

Nov. 30 – Tacoma at the Broadway Center

Nov. 30 – Edmonds at Centennial Plaza

Dec. 1 – Bothell on Main Street

Dec. 1 – Olympia at Sylvester Park

Dec. 6 – Mercer Island at Mercerdale Park

Dec. 6 – Mountlake Terrace at Evergreen Playfield

Dec. 6 – Renton at Coulon Park

Dec. 6 – Sammamish at City Hall

Dec. 6 – University Place (south of Tacoma)

Dec. 7 – Kenmore at City Hall

Dec. 7 – Kent at Kent Town Square Plaza

Dec 7 – Lynnwood at City Hall

Dec. 7 – Mill Creek on Main Street

Dec 7 – Mukilteo at Rosehill Community Center

Dec. 7 – West Seattle at West Seattle Junction

Dec 7 – Woodinville at DeYoung Park & Wilmot Gateway Park

Monthly Newsletter • November 5, 2019

Monthly Newsletter – October 2019: Dual Market, Transitioning from Residential to Condo

by Kim Harman

Last month, I did an analysis on the new phenomenon of a dual market. A dual market is when you have different market conditions within the same overarching real estate market. This duality presents amazing opportunities for sellers who are also buyers, depending on where they want to go. I reported on two dual markets, the move-up market and the move-out market. Another dual market that deserves to be shared is the condo market compared to single-family residential.

In September, single-family residential homes in Seattle Metro had an absorption rate of 43% while condos were at 27%. Months of inventory based on pending sales for single-family residential was only 1.9 months of available inventory, and condos, 3.5 months! That is the difference of a seller’s market for single-family residential to a balanced market for condos. After many solid years of strong appreciation, folks that are looking to cash out the equity on their single-family residential homes and move to a condo have the opportunity to move their investment with a sizable down payment and upgrade to a lifestyle that is often stair-free with less maintenance.

The median price for a condo in Seattle Metro in September was $455,000 and for a single-family residential home, $750,000. The median price for a condo in south Snohomish County is September was $343,000 and for a single-family residential home, $569,000. It is common for folks to sell their long-time family home and downsize into a condo and pay all cash. The buildup of equity over the years and paying down their loans allow for large cash-outs and easier all-cash purchases.

If one is getting a loan though, it is important to highlight today’s interest rates. They are a point lower than they were a year ago, affording buyers 10% more buying power. For example, a one-point-lower rate on a purchase at $500K will now afford a buyer the purchase of a home at $550K with the same monthly payment. Couple that with price appreciation tempering and you have a perfect downsizing market, which often includes condo purchases!

If you are curious about moving from a single-family home to a condo and the opportunity this dual market presents, please reach out. It is my goal to help keep my clients educated and empowered to make strong decisions. This is especially rewarding when it leads to their next chapter in life, which are amazing transitions to be a part of.

Did you know that giving thanks on a daily basis can reduce your trips to the doctor, increase your overall happiness, improve personal relationships, and lead to more exercise? Sounds like a magic pill to me, and it’s free! Harvard Medical School recently released a stud y that speaks to the benefits of practicing gratitude. With Thanksgiving approaching, challenge yourself to write down your gratitudes daily, and see how it goes.

It’s true! A listing agent’s goal is to get their listing sold to a qualified buyer who will close. However, a good listing agent also realizes that once a home is under contract, they now have to sell the house to the appraiser if the buyer is getting a loan. You see, a buyer cannot complete their financing if the appraisal does not come in at the same value or higher than the agreed-upon contract price. A good strategy, especially if the price escalates above the list price, is for the listing agent to prepare an appraisal packet and meet the appraiser or share it with them via email. This gives the listing agent the opportunity to share their research and the story of the demand surrounding the property. This is some extra effort, but so worth it to ensure success for the seller!

Quarterly Market Trends • Quarterly Reports • South King County • October 25, 2019

South King County Quarterly Market Trends – Q2 2019

by Kim Harman

Increased pending activity is an indication of strong buyer demand which is very much being driven by historically low interest rates, a thriving job market, and an overall strong local economy. In fact, interest rates are an entire point lower than they were a year ago! This affords buyers a price point that is 10% higher over last year while maintaining the same monthly payment. A year ago, the monthly payment for a home at $500,000 is the same for a home at $550,000 today. Today’s rates coupled with tempered price appreciation provides increased affordability for buyers, which in turn is providing a healthy audience for sellers. After many years of strong price increases, many sellers are moving their equity to the next lifestyle home they desire.

This is only a snapshot of the trends in south King County; please contact me if you would like further explanation of how the latest trends relate to you.

North Snohomish County • Quarterly Market Trends • Quarterly Reports • October 25, 2019

North Snohomish County Quarterly Market Trends – Q3 2019

by Kim Harman

Increased pending activity is an indication of strong buyer demand which is very much being driven by historically low interest rates, a thriving job market, and an overall strong local economy. In fact, interest rates are an entire point lower than they were a year ago! This affords buyers a price point that is 10% higher over last year while maintaining the same monthly payment. A year ago, the monthly payment for a home at $450,000 is the same for a home at $495,000 today. Today’s rates coupled with tempered price appreciation provides increased affordability for buyers, which in turn is providing a healthy audience for sellers. After many years of strong price increases, many sellers are moving their equity to the next lifestyle home they desire.

This is only a snapshot of the trends in north Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

Quarterly Market Trends • Quarterly Reports • Seattle Metro • October 25, 2019

Seattle Metro Quarterly Market Trends – Q3 2019

by Kim Harman

Increased pending activity is an indication of strong buyer demand which is very much being driven by historically low interest rates, a thriving job market, and an overall strong local economy. In fact, interest rates are an entire point lower than they were a year ago! This affords buyers a price point that is 10% higher over last year while maintaining the same monthly payment. A year ago, the monthly payment for a home at $750,000 is the same for a home at $825,000 today. Today’s rates coupled with tempered price appreciation provides increased affordability for buyers, which in turn is providing a healthy audience for sellers. After many years of strong price increases, many sellers are moving their equity to the next lifestyle home they desire.

This is only a snapshot of the trends in the Seattle Metro area; please contact me if you would like further explanation of how the latest trends relate to you.

Eastside • Quarterly Market Trends • October 21, 2019

Eastside Quarterly Market Trends – Q2 2019

by Kim Harman

Increased pending activity is an indication of strong buyer demand which is very much being driven by historically low interest rates, a thriving job market, and an overall strong local economy. In fact, interest rates are an entire point lower than they were a year ago! This affords buyers a price point that is 10% higher over last year while maintaining the same monthly payment. A year ago, the monthly payment for a home at $900,000 is the same for a home at $990,000 today. Today’s rates coupled with tempered price appreciation provides increased affordability for buyers, which in turn is providing a healthy audience for sellers. After many years of strong price increases, many sellers are moving their equity to the next lifestyle home they desire.

This is only a snapshot of the trends on the Eastside; please contact me if you would like further explanation of how the latest trends relate to you.

North King County • Quarterly Market Trends • October 21, 2019

North King County Quarterly Market Trends – Q3 2019

by Kim Harman

Increased pending activity is an indication of strong buyer demand which is very much being driven by historically low interest rates, a thriving job market, and an overall strong local economy. In fact, interest rates are an entire point lower than they were a year ago! This affords buyers a price point that is 10% higher over last year while maintaining the same monthly payment. A year ago, the monthly payment for a home at $750,000 is the same for a home at $825,000 today. Today’s rates coupled with tempered price appreciation provides increased affordability for buyers, which in turn is providing a healthy audience for sellers. After many years of strong price increases, many sellers are moving their equity to the next lifestyle home they desire.

This is only a snapshot of the trends in north King County; please contact me if you would like further explanation of how the latest trends relate to you.

Quarterly Market Trends • South Snohomish County • October 21, 2019

South Snohomish County Quarterly Market Trends – Q3 2019

by Kim Harman

Increased pending activity is an indication of strong buyer demand which is very much being driven by historically low interest rates, a thriving job market, and an overall strong local economy. In fact, interest rates are an entire point lower than they were a year ago! This affords buyers a price point that is 10% higher over last year while maintaining the same monthly payment. A year ago, the monthly payment for a home at $550,000 is the same for a home at $605,000 today. Today’s rates coupled with tempered price appreciation provides increased affordability for buyers, which in turn is providing a healthy audience for sellers. After many years of strong price increases, many sellers are moving their equity to the next lifestyle home they desire.

This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.