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Are you looking for a nice Realtor who will work hard, represent your interests and help you find the home of your dreams in Seattle? Seattle Real Estate and Homes for Sale in Seattle continue to be a good investmentAre you a home owner who is thinking of selling their home?Do you have questions about properties you've seen on this webpage?Or do you have more general questions about real estate or buying or selling a home in Seattle? Sometimes, you just want to know about a certain neighborhood or about market conditions. Or maybe you want a second opinion about a home you're thinking of buying or need a referral to a plumber, electrician or contractor.Please feel free to give me a call at 206-329-3795 or email me at MarlowHarris@SeattleDreamHomes.com I will try to answer your questions or if I don't know the answer, find someone who does. Real estate continues to be a good investment in the Seattle area. Everyone needs to live somewhere! Have questions? Ask Marlow!
Demand for Puget Sound area homes "still incredibly strong,"but brokers report frenzy is easing in some neighborhoods
Northwest Multiple Listing Service figures for August show brisk sales, escalating prices and some improvement in inventory, prompting one MLS director to declare, "What these numbers tell us loud and clear is that buyer demand in the Puget Sound region is still incredibly strong."
In making that comment, OB Jacobi, president of Windermere Real Estate, noted the housing market tends to experience some slowing during August, but rising inventory levels and sustained buyer demand fueled "higher than expected home sales and another month of strong appreciation."
The latest figures from Northwest MLS show pending sales (mutually accepted offers) during August increased 8.7 percent from a year ago. Brokers in the 21 counties served by the MLS reported 9,065 pending sales system-wide. That’s a drop of 500 units from July, but an increase of 727 transactions compared to a year ago (August 2012). In the four-county Puget Sound region (King, Kitsap, Pierce, and Snohomish), the total of 6,916 pending sales was the highest volume for August since 2006 when members notched 7,692 sales.
Prices also reflected an upward trajectory. The area-wide median price for last month’s completed sales of single family homes and condominiums was $283,000, which compares to the year ago figure of $250,000 for a gain of 13.2 percent. Only two other months this year have had higher year-over-year increases: March (14.9 percent) and May (13.4 percent). Since January, prices have jumped 18.3 percent.
Prices on single family homes (excluding condos) that sold during August increased from $263,495 to $294,000 for a gain of 11.6 percent. An analysis by Lennox Scott, chairman and CEO of John L. Scott Real Estate, shows King County median prices for August ($392,500, including single family homes and condos) are at 92.4 percent of the peak price of $425,000, set in July 2007. He credits a surge in sales activity and a shortage of homes for sale as primary drivers of spiking prices during the past two years.
"We have seen 22 straight months of strong-surge sales activity," Scott reported. "Job growth, pent up demand by local home buyers, residential investors, incoming transferees, a strong local economy and historically low interest rates have led the way during this recovery phase of the residential housing market," Scott stated.
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Featured ListingsCapitol Hill Condo 2BR/2Bth - $350,000
Capitol Hill Prime Location! Rarely available unit in Stanton Court one of Capitol Hill's best buildings! This 980 sq ft condo is just steps to all the shops and restaurants on 15th Ave. Features Two bedrooms and 2 bathrooms a light-filled living room with a deck with french doors. A wonderful boutique building with only 15 units. One assigned parking space in this secure gargage. Walk to grocery stores, Liberty, Smith & Coastal Kitchen!
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Or click HERE to use our Dream Home Finder or to get information about selling your home.All the cool kids want to buy a home with Marlow Harris
Questions?Call Marlow at 206-329-3795Email MarlowHarris@SeattleDreamHomes.com
Want to view home values in your favorite neighborhood? Check out the details in this handy chart (click to expand.)
Modern Homes for sale in Seattle
Vintage Homes in Seattle
The Pacific Northwest is full of beautiful old homes in great neighborhoods like Capitol Hill, Queen Anne, Madison Park and Mt. Baker. Some are huge mansions, but it's possible to buy a cute Craftsman Bungalow, English Tudor or a Colonial style home too. Again, Seattle real estate is diverse, as the inner-city is over 100 years old. Our oldest homes were built in the late 1800's.
Condominiums for Sale in the Seattle area
Waterfront Homes, Floating Homes and Houseboats
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Seattle's Vanishing Past
Wondering what your home is worth? See Marlow Harris featured on the HGTV show "What You Get For The Money"Click below to view
VA Home Loans Alki West Seattle Waterfront Condo
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Homes in Seattle with Beautiful Gardens
Marin Real Estate Capitol Hill Vintage Rental Home
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