September Market Update
August stats are in! 📊
Typically the summer real estate market moves a little slower as more homes are listed and buyers take a step back to enjoy their summer plans. ☀️ This summer was no exception. While homes in certain areas flew off the shelves, others sat quite still. Interest rates have been slowly declining, with more reductions anticipated to come. (We are looking at 6.15% as the national average for a 30-year conventional loan today. This is quite a desirable leap from the rates in the 7%’s we were seeing previously.) Next Wednesday will be telling, as markets react to the Fed’s rate cut decision. ⚖️
Though the market has felt a little slower this summer, we are still seeing positive gains in home prices. 📈 Great news if you have a home to sell! Our King County friends are up 5% from last August, while my fellow Snohomish County dwellers are up a whopping 10.9% YOY. 🎉
So what’s the read for the fall market? (*Gets out crystal ball…) 🔮 Well, if interest rates decline like they are predicting next week, I think we will see a resurgence of buyers entering the market place. Buyers have been sleeping a bit as of late and this should bring them back around quickly. In turn, we may see more competition in the marketplace. If rates dip low enough, this may also open up a bit more inventory as sellers with historically low interest rates start to feel more comfortable trading them in for slightly higher ones.
Moral of the story: get shopping now ahead of the rush! 🏡
Just Sold: Two Happy Clients
Congratulations to my ecstatic buyers and very happy seller on achieving real estate success last week!
This Renton acreage had been on the market for a bit with a previous failed sale under its belt. We swooped in and scored the buyers a $13K credit toward their VA loan and closed in 3 1/2 weeks. Can't wait to see the upgrades these buyers make here. Exciting!
My Canyon Park townhome listing netted the perfect buyer and although it took us a bit of time to seek one out, closing was smooth and worth the wait!
Happiness all around and new doors opening for both sets of clients. It has been a pleasure to be a part of their journeys!
New to Market: Canyon Park Townhome
Canyon Park Townhome
Delight in abundant natural light, a functional layout and a central yet peaceful location in this beautifully remodeled townhome! Just moments away from all the amenities of Canyon Park, desirable details and thoughtful updates throughout this unit sparkle and shine: luxury vinyl plank floors, a cozy wood-burning fireplace, in-unit laundry and an updated kitchen with stainless steel appliances. Two good-sized bedrooms share a full bath on the upper level. The private patio offers room for relaxation and a container garden, plus a storage unit for your outdoor gear. Two off-street parking spaces included. A well-run, pet-friendly HOA with clubhouse for residents and no rental cap. Conveniently close to groceries, dining, top-rated Everett schools, parks, I-405 and more!
1526 192nd Street SE, #L2 | Bothell, WA 98012
2 Bedrooms • 1.5 Bathrooms • 936sf
Offered at $470,000
Open Houses
Friday, May 3rd
3:00pm - 5:00pm
Saturday, May 4th
11:00am - 1:00pm
Sunday, May 5th
1:00pm - 3:00pm
Ocean Shores Beach House
What a fun one this was! Never in my 19 years of real estate have I explored the Ocean Shores market, but there's a first time for everything! 🤩 And with the help of a stellar local agent, my buyer got her dream ocean front property and closed in just 3 weeks. Congrats! Wishing you many happy family memories in your new vacation digs! ⛱️🪁🌊
Hello Summer Contest!
Time for some summer fun! 😎
(Applies to new buyers/sellers who are referred to me or who contact me prior to 9/15/23.)
5 Stars From a Happy Buyer!
It's always a good day when I know my clients are happy! Thank you to Pandian and Rani for such an awesomely thorough review. I assure you, the pleasure was all mine! ⭐️⭐️⭐️⭐️⭐️
