Quarterly Reports February 2, 2018

Quarterly Market Trends: Eastside

Q4 2017

Price growth was particularly strong in 2017! Median was up 15% and average price up 16% over 2016. Median price in 2017 landed at $865,000 and the average at $1,049,000. The average amount of days it took to sell a house in 2017 was 24 days, which is 17% faster than 2016. The average list-to-sale price ratio over the last year was 101%, with the spring months as high as 103%! In 2017, inventory growth continued to be a challenge, with a 4% decrease in new listings compared to 2016. Even with inventory limitations there were a near equal amount of sales! This phenomenon illustrates strong buyer demand and a need for more listings.

Demand for Eastside real estate has grown due to close proximity to job centers, great schools and quality of life. Over the last year, the Eastside was 70% more expensive than south Snohomish County and 22% over Seattle Metro. Historically low interest rates continue to drive the market as well, they have helped offset the increase in prices. Sellers are enjoying great returns due to this phenomenon and buyers are securing mortgages with minor debt service.

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

 

 

Quarterly Reports February 2, 2018

Quarterly Market Trends: South King County

Q4 2017

Price growth was particularly strong in 2017! Median was up 13% and average price up 12% over 2016. Median price in 2017 landed at $405,000 and the average at $440,000. The average amount of days it took to sell a house in 2017 was 30 days which is 9% faster than 2016. The average list-to-sale price ratio over the last year was 100%, with the spring months as high as 102%! In 2017, inventory growth continued to be a challenge, with a 7% decrease in new listings compared to 2016. Even with inventory limitations there were 2% more sales! This phenomenon illustrates strong buyer demand and a need for more listings.

South King County real estate has seen a steady stream of buyers come our way due to affordability, reasonable commute times and quality of life. In fact, the median price in 2017 was 75% higher in Seattle Metro. Historically low interest rates continue to drive the market as well, they have helped offset the increase in prices. Sellers are enjoying great returns due to this phenomenon and buyers are securing mortgages with minor debt service.

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.

Uncategorized August 29, 2017

Welcome to Shoreline!

Nestled along the Puget Sound, Shoreline is a city just north of Seattle. “With Interstate-5 cutting right through the middle of Shoreline, getting to and from the freeway and going south to Seattle or into Snohomish County and pointing north is easy,” shares REALTOR® Bernice Whitley. “There are several neighborhood with small hubs but for the present, Shoreline does not have a ‘downtown’ Shoreline like many cities its size. That may change with light rail coming to the city in the not too distant future.”

Described by residents as a growing, well-run city with scenic vistas and a long list of conveniences, Shoreline is a top choice for many in the region. Its excellent schools make it especially attractive to families with children in school, and its many parks, restaurants, shops, and cherished annual community events make it all the more appealing. Many people like being right next door to Seattle as well, whether you commute in for work or enjoy exploring the city.

For those who are interested in moving to Shoreline, you can expect to find a good variety of real estate. Mid-century homes, new construction, older properties, ramblers, and Lovell style homes are all in the mix.


Getting Out & About

“I love the parks in Shoreline—Hamlin Park, Paramount Park (a great place to take kids and there is a skateboard ramp there as well), Saltwater Park and Boeing Creek Park provide plenty of year-round activities.” –REALTOR® Samantha Arango

“Shoreline has an amazing, award-winning public school district, many good private schools, and the well-regarded Shoreline Community College.” –REALTOR® Jill Langer


Commuting from Shoreline

“Commuters love Shoreline because it’s halfway between Everett and Seattle, so whether someone is going to Boeing or Amazon the commute is not overly painful. Plus there are so many Rapid Ride options, transit stations nearby and soon the Light Rail. Easy back roads to Ballard and Queen Anne and just a quick trip to Edmonds to hop on The Sounder.” –REALTOR® Cori Whitaker

“[People use] mostly cars but because there is a large transit center at Aurora Village, riding the bus is very convenient. The Interurban Trail provides a great way to walk or bike & is connected to the north to Snohomish County’s & to the south to Seattle’s Interurban Trails. With 2 light rail stations coming in the future, that will only increase the options.” –REALTOR® Jill Langer


 Homes in Shoreline

“[In Shoreline there are] mid-century to newer homes with a few much older ‘homesteads’ mixed in. There are many flag lots where homes are built behind original houses—this option offers great privacy yet easy access to main roads.” –REALTOR® Jill Langer

“Many mid-century era ramblers and Lovell style homes.” –REALTOR® Samantha Arango


Want to learn more about living in Shoreline? 

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