Jeffrey Magnuson, Umpqua Bank

01/31/2022

"Look, we knew last year’s Seattle real estate market was wild. Over the summer it was as hot as a heat dome. So we were prepared to see some bonkers figures in Northwest Multiple Listing Service’s annual report on home sales. But the stats in the 2021 recap are staggering even by our region’s very expensive standard. These numbers from across King County tell the story."

Read more on Seattle Met.

The prices of homes in Seattle, Bellevue, Redmond, and other suburbs last year were astonishingly high, even by regional standards.

01/25/2022

"It’s getting harder to find a home for less than $500,000 and easier to find one with a price tag of more than $1 million.

That’s just one takeaway from year-end data on Western Washington home sales, released Wednesday by the Northwest Multiple Listing Service. The figures also chart the ongoing rise of the suburbs, the shortage of homes for sale and which luxury tower had the priciest condo sale of the year."

In the Seattle Times read the five big takeaways from last year’s housing market.

Seattle-area home prices climbed at a breakneck pace in 2021, with figures showing an ongoing rise of the suburbs, the shortage of homes for sale, and which luxury tower had the priciest condo sale.

01/19/2022

"It’s not too often that you see a 1926 home with a sunken living room—and just as rare to see a beautifully aged 1980s update. This cottage in North Seattle between Bitter Lake and Greenwood defies all odds with a fun and efficient floor plan that successfully pays homage to late-1960s style."

See more on the Seattle Met.

This charming two-bedroom house for sale from Windermere has beautifully aged updates in Bitter Lake.

01/07/2022

"Pummeled by a new coronavirus variant, snowstorms and a typical seasonal slowdown, the region’s housing market sputtered through the final month of 2021.

Home prices across the Puget Sound region were essentially flat from November to December, shifting 1.5% or less in either direction in counties across the region, according to data released Thursday by the Northwest Multiple Listing Service.

Fewer homes were listed for sale, and new sales dropped nearly 41% in King County from November to December."

Read more on The Seattle Times.

Seattle's housing market showed more signs of cooling in December, with a dip in sales and fewer homes to choose from. See what's happening near you.

01/01/2022

"After a red-hot summer, Seattle-area home prices were roughly flat for the third straight month in October, continuing the recent slowdown in the local housing market that could last at least through the colder months.

Still, that doesn’t mean homes are becoming more affordable.

Home prices in the Seattle area rose seventh-fastest in the country in October, behind Phoenix, Tampa, Miami, Las Vegas, Dallas and San Diego, according to the latest S&P CoreLogic Case-Shiller Home Price Index, released Tuesday. The index lags by two months and monitors a three-month rolling average of home prices in parts of King, Snohomish and Pierce counties."

Read more on The Seattle Times.

Seattle-area home prices ticked up in October compared to September, but just barely. The trend is part of a slowdown happening all over the United States.

12/24/2021

Happy Holidays!

12/17/2021

"As of December 2021, "The Seattle condo market continues to remain healthy with an increase of 20.6% in transactions, which has already surpassed 2020, with a steady median sale price," said Data Analyst Parker Hemingway of Compass Realty."

Read more on Seattle PI.

Condos had a resurgence in popularity in 2021.

12/10/2021

"Seattle-area home prices are continuing to stagnate as the local real estate market takes its typical winter hiatus.

Median home prices across the Puget Sound region were essentially flat in November compared to the month before. That’s typical of this time of year, when fewer sales take place."

Read more on The Seattle Times.

Seattle-area home prices were roughly flat in November compared to October. But they are still far above this time a year ago. See what's happening near you.

11/25/2021

Happy Thanksgiving!

11/20/2021

"In October 2021, we saw pretty much the same thing we’ve been seeing all year: It’s a hot time for the suburbs. Closing prices in Pierce County and Snohomish County grew by the same rate last month, at around 20 percent compared to the same time last year, according to data from the Northwest Multiple Listing Service."

Read more on Seattle Met.

Seattle real estate trends from October 2021 show a clear focus on areas like Lake Forest Park, Mountlake Terrace, Burien, North Bend, Skyway, and Renton.

11/11/2021

There is nothing in this world that can match your hard work, dedication, commitment and passion and we really admire it all. Wishing a very Happy Veterans Day.

11/05/2021

"The fall months brought a cold snap to Seattle’s housing market.

Prices in King County are essentially flat. Fewer new homes are listed for sale, and fewer home shoppers are taking the plunge. That’s welcome news for some buyers still on the hunt, who are finding occasional price drops and fewer bidding wars.

But it’s not all so rosy.

The number of new listings in King County plunged from September to October and those listings were quickly snapped up before the month was out, putting the squeeze on buyers who are still shopping."

Read more on The Seattle Times.

As the Seattle-area housing market cools with autumn, "now is the chance to get lucky," one real estate agent says. Home prices in King County are about flat. However, fewer homes have been listed. Check the charts to see what's...