February, 2012
Beautiful Log Cabin right on Deer Creek. Wow, come look at this great location privacy and seclusion at its best! Amazing view of the river and great lot that’s been very well maintained. Inside the cabin you will have a great rustic and open floor plan with vaulted ceilings. Detached partially walled carport that matches the home, with two additional outbuildings that match the home as well. This is an amazing property come check it out.
Category : Residential &Sold
Great potential for this charming Mount Vernon WA HUD home, this home could be a one of a kind home if given some love. Original hardwoods could be restored to former glory, home has three large bedroom and one bath, a half bath in the basement and lots of potential in the unfinshed basement that has a office already built in. HUD home, Sold AS IS PERIOD, no repairs, electronic bid with an approved HUD agent. Verify availability of home on the HUDHomestore site not the MLS.
Category : Feature &Properties &Residential
King County Home Trends and Values. Learn where the market is going, what is affecting Seattle WA Home Prices and why.
A class on WA Real Estate Statistics where we dove into Seattle WA Real Estate Statistics and the market. How the market is being affected by Bank Owned Properties, Short Sales, the Economy, etc. and When did King County Real Estate Peak?
Seattle WA graphs and pictures used in this presentation:
Seattle WA Home Values and Trends Video:
VIDEO TRANSCRIPT:
Hi, this is Anton Stetner with the Real Estate Solutions Group at Keller Williams Realty. Hey, we’re going to talk with you real quick about Seattle real estate statistics for February 2012.
Right now, what’s happening here in the city of Seattle, your average property that is selling is a 3 bed, 2.05 bath. I don’t know how they get the 2.05, but that’s what it averages out to, and it’s 2,176 square feet. It’s selling for an average sales price of $446,739. There were 319 sales for February, for a total of $142.5 million in sales.
One thing that’s really interesting is when we compare February of this year to February of last year, there is almost no change in the average price, like literally to be exact, it was up $541. So that’s just spot on. However, when we go in and we compare the year-to-date, the year-to-date is more reflective of what we’ve been seeing in overall King County. Year-to- date in Seattle, the average price is down 10.7%, with sales being up 4.7%.
Once again, here in the city of Seattle what we’re starting to feel is we’re starting to feel upward price pressure. In stuff that is below the median price, we’re seeing inventory starting to get real scarce in that area. We’re also seeing a lack of foreclosure inventory coming on to replace it, and not enough new construction there to keep up with demand. So we expect the trend for the future just to be tightening up there, be a really competitive buyer market, and for it to kind of remain in that beginning stages of a seller’s market.
If you guys have any more thoughts and questions, please leave them below or shoot us a phone call, email, text message, or a smoke signal. Thanks everyone, I’m Anton.
Feel Free to Leave Any Comments or Questions! 
Category : Blog
This week’s updated spreadsheet of the Washington aged HUD Home inventory that is 90+ days old. For more information feel free to visit The HUD Homestore or contact one of our agents today!! You can also find more information on what a HUD home is, how to purchase a HUD Home, and much, much more!
Category : Blog
Great Marysville WA Home located on Grove Street, zoned for neighborhood business too. Come bring your inspiration to this home with lots of potential. Over a quarter of an acre right on Grove Street which makes for an excellent location! Home has two beds and a bath with lots of potential charm. Within walking distance to a parks, schools and library. Make this house a home again or a local business!
Category : Residential &Sold
The Bipartisan Policy Center published a graphic this week showing how far housing is falling and the impact it has on the U.S. economy. BPC is a Washington think tank founded by four former senators, including Bob Dole. Analysts there organized data from the Bureau of Economic Analysis and Robert Charles Lesser & Co., a real estate data firm.
(more…)
Category : Blog
That’s a lot of M&M’s…
We all know that our agents are the masters at multi-tasking whether it be answering calls and simultaneously write offers, or driving buyers to properties and blogging all at the same time. Whatever the case, there’s always a point in which an agent needs a helping hand.
Category : Blog
This week’s updated spreadsheet of the Washington aged HUD Home inventory that is 90+ days old. For more information feel free to visit The HUD Homestore or contact one of our agents today!! You can also find more information on what a HUD home is, how to purchase a HUD Home, and much, much more!
Category : Blog
Great Lake Stevens WA HUD rambler in great location. Large open kitchen with garden window & skylights. Dining room offers french door access to back deck & patio. Home offers a formal living room and family room. Corner lot on private street. Fully fenced backyard plus RV parking. HUD home, Sold AS-IS, by electronic bid and the property is IE (Insured Escrow). MLS Key box. Case number 561-906234 .
Category : Properties &Residential
Conforming Loan Limits Beneficial to WA REO Distressed Properties?
There is a chance that an increase in some conforming loan limits in high-cost real estate markets could provide slightly more opportunities for REO investors purchasing high priced properties. If conforming loan limits are increased, REO investors on the margins of the maximum limit may have an opportunity to access certain loans, giving them more financing options.
Category : Blog
Mortgage Refinance Proposal a Reality?? Perhaps.
Federal and state officials have reached a $26 billion foreclosure settlement with five of the largest home mortgage lenders in the country. According to the settlement agreement, Bank of America, JPMorgan Chase, Citigroup, Wells Fargo and Ally Financial will pay a total of $5 billion each to the states. Foreclosed homeowners will receive a portion of that money while the balance will go to the states. Forty-nine states are involved in the settlement, including Washington (Oklahoma excluded); but the agreement does not bar future criminal prosecution of the home mortgage lenders.
(more…)
Category : Blog
King County Homes Trends and Values. Learn where the market is going, what is affecting King County Home Prices and why. Could it be the time to buy or sell your home?
A class on WA Real Estate Statistics where we dove into King County Real Estate Statistics and the market. How the market is being affected by Bank Owned Properties, Short Sales, the Economy, etc. and When did King County Real Estate Peak?
King County graphs and pictures used in this presentation:
King County WA Statistics and Trends Video:
VIDEO TRANSCRIPT:
Anton: Hey. What’s going on everyone? Anton Stetner here with the Real Estate Solutions Group. We’re here to talk about King County real estate statistics for February of 2012.
Hey, units for February 1,230 sold.
Focus people, focus.
Woman: There are going to be operator errors left and right. Okay. Carry on.
Anton: Okay. So before our operator error, units 1,230 sold. That’s up 18.5%. So just like in January, we’re seeing more properties selling. Year-to-date, we’re up 13.1% versus 2011. The average days on market was 84. It was down 4.7%. The average price in King County, $376,716. Now what does that really mean? It means that the average price from February versus February 2012 was still down 9%, and the average price year-to-date was down 9.2%.
What’s really interesting though, I didn’t write it up here. Months of inventory was 4.2. So once again, that’s putting us in a seller’s market. So in King County what’s happened basically here is inventory is decreasing, sales are up, and we’re feeling lots of upward price pressure for that under 400 product. Multiple offers on anything that’s really priced well. All of the bank owned traditional and new construction listings are selling fast, and what we’re seeing is that’s starting to force more buyers into short sales as they’re running out of inventory in other options.
Ladies and gentlemen, that’s King County real estate statistics. If you have any more questions, leave your thoughts and comments below, send us an email or give us a call, and we will chat with you later. Thanks a lot.
Feel Free to Leave Any Comments or Questions!
Category : Blog
