Category Archives: Burien

King County Average Days on Market

Burien, Des Moines, Normandy Park, Real Estate, West Seattle,

Quarantine, Schmorantine!

With new restrictions on viewing homes and even leaving home to run basic errands, you would think that homes would languish on the market for weeks.

But the numbers reveal otherwise.

The average time on the market for residential properties in King County is almost half of what it was last year!   In fact, we haven’t had this low of an average in over a year! Many qualified buyers are trying to take advantage of low interest rates and making competitive offers on limited inventory.

King County Average Days on Market

Covid 19 and Real Estate

Burien, Des Moines, Normandy Park, Real Estate, West Seattle, , ,

We all find ourselves in an extraordinary time with the COVID-19 virus. During the past few weeks things have moved so quickly that it is hard to keep up with the daily reports about the virus and its effect on our way of life. Many are wondering how this pandemic will affect the real estate market.

These are difficult times right now for so many and there will be substantial economic fall out for a lot of people during this health crisis.  But we must keep in mind, this is a health crisis – not a housing crisis like we saw back in 2008. Immediately prior to the virus outbreak, the spring housing market was heating up quickly. Housing inventory was limited and buyers found themselves already having to compete when making offers to buy. The pandemic has definitely slowed our market down but it is still moving forward. The Governor has deemed real estate an essential business as many people are still in need of housing.  Our industry has implemented new business practices and strict guidelines in order to keep everyone safe.

I believe that real estate is a strong long term investment and I’m confident we will recover from this and our economy and our communities will thrive again.

If you are in need of real estate services right now, please reach out.  I can help you.

If you can, I hope you’ll stay home and stay safe.

Historic Interest Rates

Burien, Des Moines, Normandy Park, Real Estate, West Seattle,

It’s About Your Bottom Line

Interest rates hit an all-time 50 year low this month! These historic low mortgage interest rates represent a unique moment in the market. Buyers benefit from increased buying power and sellers can take advantage of a larger buyer pool for their property. Take a look at the graph showing annual interest rates over the last 47 years!

How do interest rates affect your real estate strategy?

Aerial Photography

Burien, Des Moines, Normandy Park, Real Estate, West Seattle

Professional Photography is one of the best marketing tools for your home. Today’s buyers are most likely to see your home online first and then decide if it warrants an in person look. In addition to professional pictures of your home, aerial photography can be used to tell the story of your neighborhood and all the amenities it has to offer. When it comes time to sell your home, make sure you choose an agent that knows how to market not only your home but your neighborhood!

Ames Lake, Redmond Washington