Tag Archives: Karen Williams Real Estate Broker

Alki Beach Real Estate

West Seattle, , ,

I was lucky to grow up at Alki when the avenue was lined with mostly old beach cabins and just a couple apartment buildings. My parents bought a tri-plex across the street from the beach in the 1970’s that my Dad still owns today. Not a month goes by that he doesn’t get at least a couple letters from investors wanting to buy the place. He’s not interested in selling. He provides 3 fairly priced rental units for his long term tenants who get to enjoy some of the Northwest’s best views. The fabric of Alki has changed but the allure of living at the beach is exactly the same!

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

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?

Median Sales Price

Normandy Park, Real Estate, , , ,

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.

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

Is The HOT Puget Sound Market Cooling?

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

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!