Author Archives: Kerstin

Seattle Market Update It’s a seller’s market. We are well on our way to another market like we saw in the spring of 2017. Buyers are competing in stiff multiple offers for the chance to buy one of the few available homes for sale in our area. Paul Roberts of the Seattle Times summed itContinue reading “Brooks & Heinze Seattle Real Estate Team – February 2020 Newsletter”

Seattle Market Update Buyers don’t have much of a selection. In King County, there were 25.7% fewer homes on the market in October this year compared to last year. Snohomish and Pierce Counties saw similar dips, of 23.5% and 30.0%. In the fall, the number of homes for sale start dropping, so we expect inventoryContinue reading “Brooks & Heinze Seattle Real Estate Team – November 2019 Newsletter”

Seattle Market Update In the City of Seattle, the median price of $750,000 dipped 3.2% from last year. Prices are up in the rest of King County: – Eastside ($928,500; 4.33% up from last year) – North King County ($630,000; 5.09% up from last year) – Southwest King County ($436,750; 7.84% up from last year)Continue reading “Brooks & Heinze Seattle Real Estate Team – October 2019 Newsletter”

  Seattle Market Update Long-term mortgage rates are at their lowest point in nearly three years. Lower mortgage rates usually help with affordability, however, in a market like Seattle where prices are still high and wage growth for the average person haven’t kept up with prices, it is doing little to make a home purchaseContinue reading “Brooks & Heinze Seattle Real Estate Team – September 2019 Newsletter”

Seattle Market Update Single Family Homes: In city sales have cooled. Buyers are seeing increased selection at reduced prices. Mortgage rates are low and usually this provides a lift to sales but it doesn’t seem to be having much effect on sluggish sales in town where property values are too high for many.  The storyContinue reading “Brooks & Heinze Seattle Real Estate Team – August 2019 Newsletter”

Seattle Market Update In urban areas prices are decreasing, in most suburbs prices are still increasing slightly, and in markets with greater affordability prices are still soaring. Follow this link to view the decrease/increase in your neighborhood. One of those hot markets where prices are still shooting up is Tacoma, where greater affordability and highContinue reading “Brooks & Heinze Seattle Real Estate Team – June 2019 Newsletter”

Seattle Market Update Some properties are hot and some not so much. What are the deciding factors: Affordability. Location. Type of Property. Housing activity during April signaled good news for most home buyers as inventory continued to grow and the rate of price increases slowed, especially in urban areas. Home buyers shopping for higher-end homesContinue reading “Brooks & Heinze Seattle Real Estate Team – May 2019 Newsletter”

Seattle Market Update The spring home buying season is in full swing! Yowza!!! Open houses are “mad” houses and bidding wars have returned. Home prices in the region have jumped up in the last couple of months. King County’s median single-family house sold for 3.2% less in March 2019 than a year prior in MarchContinue reading “Brooks & Heinze Seattle Real Estate Team – April 2019 Newsletter”