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!
Normandy Park, Burien, Des Moines and West Seattle are all covered in a beautiful blanket of snow! It doesn’t happen often so it’s exciting when it does! The neighborhoods look so pretty and the kids, dogs – and some of us adults – are loving our snow day!
Year over year median sales price was up 19% in Normandy Park last year. The 2019 housing market is positioned for another active year. However, we expect the home price appreciation pace to be more moderate than we have seen in previous years.
Interest Rates are Rising: Yes, those 3.85% interest rates from a year ago are a thing of the past. Experts predict mortgage interest rates will hit and hover around 5% in 2019. When you consider the average interest rate in 1981 was almost 17% – 5% still seems pretty amazing!
Inventory is Up: The number of active listings in King County is up 135% compared to a year ago. While supply is improving, it’s still considered well below the 4-6 month level industry analysts use as a gauge of a “balanced market”. The added inventory has been welcome news for buyers and homes that are priced right are still selling quickly.
Median Price in King County is Up: The median home price in King County was $643,913 in November, according to statistics from the Northwest Multiple Listing Service. That’s up 2.47% since January.
I’ve lived in the Puget Sound region my whole life. For over 20 years I’ve worked and sold homes in most Seattle area neighborhoods but the majority of my business is on the Southwest shores of Puget Sound – West Seattle, Burien, Normandy Park and Des Moines. I know all the great neighborhoods, parks and ammenities in these wonderful communities.
View of Mt. Rainier and The Des Moines Marina from Marine View Park in Normandy Park.
REAL ESTATE NEWS!
New July numbers from the Northwest Multiple Listing Service confirm what brokers and home sellers throughout our region have been experiencing: the days of multiple offers and escalation clauses have past – at least for now.
Increased inventory, buyer fatigue, sky rocketing prices, and the traditional summer seasonal slow down have sent many buyers to the side lines. In Seattle and King County the number of homes on the market is at the highest level since the first quarter of 2015.
This steadily improving supply is finally creating opportunities for buyers but the market overall continues to favor sellers. More inventory is still needed to meet the demand for quality homes near job centers!
It’s only 12 miles from Normandy Park to Safeco field! That means less time in traffic and more time at the ballpark. Boom!
