April News and March Housing Data for Seattle
What an impressive kickoff to the housing market as we close out Q1! The Greater Seattle market started out strong and earlier than usual — around the second week of January — and just never stopped. I’ve helped 12 buyers and sellers achieve their goals this year, and I have numerous more listings and motivated buyers excited and ready to begin their next chapters.
Multiple sellers have contacted me in recent weeks thanks to (a) referrals from friends who have worked with me, (b) seeing my signs, (c) researching me online on Google Business and Zillow, and (d) watching their neighbors successfully sell with me and asking if I could sell their home too. Sellers know it's a HOT time to sell!
Check out my latest listing (pictured below) in Newcastle here!
The April NWMLS press release is out, and the March housing data and brokerage feedback mirrors what my colleagues and I are seeing in the field.
Some trends:
· Multiple offers are still the norm.
· Median prices continue to escalate.
· The threat of rising interest rates has not put a damper on buyer demand, but it has heightened buyers’ motivation to buy before rates rise again.
· Buyers are willing to pay a premium for amenities and proximity to the I-5 corridor.
· It’s a great time to sell due to high demand and low inventory.
As a lifestyle and destination market, the Greater Seattle area continues to attract new residents.
"Since Januar
y, prices in King County are up 16.5% and up 10.5% in Snohomish County. No other counties in the central Puget Sound region break double digits in house price growth for this period," said James Young, Director of the Washington Center for Real Estate Research at the University of Washington.
I'm happy to chat about all things real estate, whether you need a contractor/vendor referral as you spring clean (see some suggestions below) or if you’re toying with the idea of selling or buying at some point soon or down the road. I'm always here and ready to help!
SPRING MAINTENANCE CHECKLIST
Clean gutters
De-winterize your yard (remove old leaves and trim shrubs)
Mulch/compost/prepare your gardens for spring planting
Clean your siding (materials needed: warm bucket of water and soap; long brush; hose; ladder)
Clean and repair outdoor decks
Inspect walkways & driveways (winter can be tough on both)
