Market Update
It is typical for the real estate market to slows down as we head into October and usually the market is slow through the winter months. September, however, is usually a strong market. This year though, the high-interest rate environment has translated into a much earlier downturn in the market. In some areas and for highly desirable properties we are seeing slowed sales and prices stagnating BUT in some areas and for some property types, we are seeing significant price drops and sales slowing more than in prior years. Sellers dropped prices on more than a quarter of homes listed for sale in the Seattle area in September. With mortgage rates at a 23-year high, more and more potential buyers are selecting not to commit to a purchase at this time and purchase mortgage applications are down.
Our Listings
$290,000. 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. 1bed / 1 bath unit with den. The Union Terrace offers private storage in the basement, on-site laundry room and bike racks. Co-op is welcoming, well-governed, and has a fiscally sound HOA supported by a professional property manager. Street parking Zone 7. Click here for pictures of the property.
Decorating your Home for Sale during the Holidays
We often get this question from our sellers during holiday seasons: Can I still decorate for Halloween, Easter, etc. when selling my home? Our answer is sort of but tone it down and keep it simple and classy. Play with colors rather than trinkets and holiday specific decorations. Keep the skeletons and goblins in the box but add some red and orange pillows on your couch. Add a fall-colored runner on your table with a dried fall wreath on the dining room table. You get the picture. This article on Homes.com makes some good points on how to embrace the different seasons and not feel like you are missing out on your favorite holidays while on the market and letting the beauty of your home shine.
We’d love to hear from you
Any questions, comments, or feedback? Contact us any time.
Happy Fall,
Kerstin 🍂 Krisanne
Brooks & Heinze Team
at Skyline Properties, Inc.
Kerstin Brooks: 206.276.5827
Krisanne Heinze: 206.920.2541
Email: info@propertyinseattle.com
Web: www.propertyinseattle.com