SOLD: 2015 Built Home
I am thrilled to announce the sale of this Phinney Ridge beauty!
I was lucky enough to represent these out of state clients twice - once when they purchased the home as an investment and again when it was time to sell. Being out of state can be stressful for a seller, but my full service approach takes all the prep off your plate. Just hand me the keys and I'll get the ball rolling!
For this home, we needed to tackle some extensive interior clean up throughout once the tenants had moved. But after an entire repaint, thorough professional cleaning and refresh of the landscaping, it was ready to stage and presented beautifully for sale! Congratulations, Trisha and Joshua!
Yay to My Buyers!
I am so happy for my buyers who snagged this gorgeous Ballard townhome the first day it was on the market! We snuck in with an incredibly competitive offer before the offer review date and were able to snag this gem early. Congratulations and best wishes on all that lies ahead!
What a wild ride the start of 2022 has been for real estate!
In 17.5 years of being an agent, I've never seen a market this frenzied, nor bidding wars this intense. I'm routinely seeing homes in Seattle sell contingency free and for $300-500K over the list price!
Curious what is fueling this fire? Well, we are sitting on unprecedented demand as our population increases, and as luck would have it, the low inventory followed us into the new year. We did see a tiny increase in both King and Snohomish counties in January as opposed to December, but it is not nearly enough to support the current demand. Buyers are poised to take advantage of current interest rates before they rise.
January's stats also pointed out some pretty amazing price gains year over year too - 10% for King County and an astronomical 23% for Snohomish County!
Will inventory increase this spring? I sure hope so! Typical seasonal cycles would say yes, but while that may be unpredictable for now, it is a phenomenal time to be a seller! The ball is fully in your court to cash in on some tremendous equity. Interested in what your home may be worth? Let's chat to see how you can put the insane market to work for you and drop some cash in your pocket!
End of Year Market Stats
End of year market stats are in!
December was predictably dry with new inventory, down 59% in King County and down 39% in Snohomish. This forced median sales prices to rise by large margins. (A whopping 26% increase in Snohomish County and 11% in King County since December of 2020!)
As you can imagine, the new year is off to a frenzied start with some pretty intense offers happening all over the place. I just witnessed a home in Redmond receive 33 offers and sell for $800K over asking! To date, that's the largest jump I've seen and it's completely mind blowing. We are hopeful that more inventory will come as we get closer to spring to help spread buyers out a bit and release some of the tension.
If you have a home to sell, there's truly no time like the present to make a move before inventory rises. Let's chat to see how we can help you capitalize on this unprecedented inventory shortage and cash in on your equity. I think you'll be pleased with the results!