Market Update
Mortgage rates have been stubbornly above 7% for two months now. Home buyers are growing weary about the effect of rates on their monthly payments. As a result, sales have slowed and property prices are decreasing slightly. A slight downturn in the housing market is inevitable given the higher mortgage rates. As of August 18, 2023, the average 30-year fixed-rate is 7.60%. This figure marks an increase of about 2% from the same time last year and represents the highest rate in over 20 years.
Our Listings
$299,000. Available. Charming 1920’s Vintage Co-Op located in vibrant neighborhood within walking distance of fabulous restaurants, shopping, entertainment venues, Seattle U, Seattle Academy, excellent bus service, light rail and everything else Capitol & First Hill have to offer. Quiet, south-facing, second floor unit overlooking garden. Recently updated kitchen. 1bd / 1 bth unit with large storage/nursery/walk-in closet/hobby or office cubby. Click here for more info.
In Search of …
Do you know someone who has 3-5+ acres of land in western Washington who would be willing to sell via seller financing and does not want to go through the hassle of prepping the house, land and listing the property? Ideally the property would have some forested area (old growth trees a huge plus!), a stream or some water source on or near the property, septic, a well and a livable house. We might have a buyer.
Disaster Plan
Do you have an evacuation plan and disaster preparedness kit? Our home is usually the place where we feel safe but seems like not a week goes by where we don’t hear about some disaster that requires people to have to evacuate due to floods, fires, storms and more. Sometimes you have a couple of days to plan but some disasters leave little to no warning. Prepare a “go-bag” you can easily carry with a few key supplies in case you need to evacuate. More information on preparedness is available at https://www.ready.gov/plan .
Congratulations
Congratulations Andrews Family – We hope you enjoy your new 2 bedroom / 1 bath condo on First Hill. Sold for $670,000.
We’d love to hear from you
Any questions, comments, or feedback? Contact us any time.
Thank you,
Kerstin ☀ Krisanne
Brooks & Heinze Team
at Skyline Properties, Inc.
Kerstin Brooks: 206.276.5827
Krisanne Heinze: 206.920.2541
Email: info@propertyinseattle.com
Kerstin G. Brooks, Broker 