Seattle Market Update:
It is still a strong seller’s market. However, statistics point to gains in the volume of new listings during the last two months. Nonetheless, inventory remained well below the supply needed for a more balanced market, so buyers are still competing for homes and are having to make strong offers with few or no contingencies for a chance to secure a home especially in popular neighborhoods with good schools.
Low inventory and low interest rates are still putting upward pressure on prices. However, prices showed some signs of moderating. Given the lack of new home construction and the huge pent-up demand, the seller’s market will likely continue though for some time.
There are growing signs “of buyers’ fatigue” – some buyer’s deciding not to buy in a market that seems too aggressive and out of control.
We are also seeing some sellers being too optimistic and missing the mark as they price their property too high and then end up languishing on the market and in the end getting less than list price.
Our Listings
513 NW 197th St, Shoreline, WA 98177 – $635,000. Beautifully maintained, spacious Shoreline home close to Syre Elementary & Einstein Middle School. Enjoy the park-like backyard setting great for year-round entertaining. This home features 5 bedrooms plus bonus and rec room, 2.5 baths, and 2 car-garage with extra storage. For more information and pictures of this home, please go to Our Listings on our webpage.
87066 NE Old Cascade Hwy, Skykomish, WA – $70,000. Skykomish Off-Grid Cabin. Escape into the beautiful Mt. Baker-Snoqualmie Forest on weekends or live off-grid year-round in this cozy 1 bedroom cabin off Hwy 2. Tucked away in the woods, yet easily accessible. Wood burning fireplace for heat and ambiance. Plumbed for propane. Wired for generator. Kitchen plumbed via cisterns. Propane and wood cooking stove in kitchen. Outhouse ready for portable sani-toilet. River frontage. Over an acre of land. Just a little over an hour from the city. 6 miles west of Stevens Pass.
We’d love to help you sell your home if you are thinking of selling. Did we mention that it is a seller’s market?
Fun Things To Do This Summer
Seattle is a great city with lots of diverse indoor and outdoor events – take a look at the Seattle Events calendar to find out more about activities like beer tasting, dancing, carnivals, arts shows, car shows, parades, sports events and more.
Any questions, comments, or feedback? Contact us any time, we’d love to hear from you.
Happy Summer! *** Kerstin & Krisanne ***
Kerstin G. Brooks, Broker 