Whether it’s a wooded hiking trail, a walking path, access to the beach or just a small carved out green space with a picnic table or bench – Normandy Park residents love their parks!
Parks…In the PARK!
Category Archives: Real Estate
Covid 19 and Real Estate
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.
Beach Bungalows
I saw these on my morning beach walk. They bring a whole new meaning to the “beach bungalow” style home.
Historic Interest Rates
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?
Spring in the Park
SW King County Housing Update
Median Sales Price
How Does Normandy Park Compare?
We’ve all heard that the lack of inventory, strong job growth and higher demand have driven housing prices up throughout our region. These price increases vary by area but the overall upward trend is the same.
I compiled the map and chart below to give you a sense of how Normandy Park home prices compare to our surrounding area neighbors. You will notice that the median sales price in Normandy Park is up +19.1% over just the last two years! Incredible – but why is that?
Many home buyers have been priced out of Seattle and are exploring the surrounding neighborhoods. Normandy Park has proved to be a great alternative for buyers looking for a family friendly community in a very convenient location.
Interest Rate Watch
Can I Help You?
Real Estate in The New Year!
The 2020 residential real estate market in the Puget Sound region is already heating up! Buyer demand is high and inventory is low resulting in quick sales in affordable and mid price ranges. Interest rates remain low and our local job market strong.
There are several issues that may affect our real estate market in the year ahead: Trade wars, political uncertainty and the election may leave their mark on our housing market. That being said I’m optimistic and excited to see what 2020 will bring!
If you have real estate needs in the year ahead, I hope you’ll give me a call. I’m here to help. Happy New Year!
