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January 2017

10 U.S. Markets With the Tightest Housing Supply | realtor.com®

It’s a parched, scorching desert out there for many U.S. home buyers. For the past 28 months, the housing market has been defined not just by demand—which remains sky-high in many parts of the nation—but also by the shrinking number of available homes for sale. So what are the signposts of a tighter-than-tight marketplace? Buyers are jumping on realtor.com® listings within seconds of their initial postings. Wanna-be homeowners are burrowing themselves into ever-scarcer, ever-busier open houses and going a little mad trying to get in the first bid. Real estate agents are knocking on hundreds of doors just to squeeze out one more listing.

via www.realtor.com

Why are home prices so high? Seattle has 2nd-lowest rate of homes for sale in U.S. | The Seattle Times

Great article on home prices here.  When I do a market analysis I look at two parts.  The objective data which is the perspective of the appraiser and then the subjective value of the property.  The objective perspective is a look in the rear view mirror to determine value based on what has happened in the past.  The subjective perspective is looking at what top dollar is based on many more factors not the least of which is competition in the market place.  When you are selling your home and you are "the only game in town" you can command a much higher price. 
Why is it so expensive to buy a house in Seattle right now? Everyone seems to have someone to blame: Amazon, priced-out Californians, foreign buyers, developers tearing down old homes to build huge new ones.

via www.seattletimes.com

New Listing In Sammamish

Beautifully updated 4 bedroom 2.5 bath two story home on spacious private lot.  You will feel at home the second you step through the door.  Spacious living room with open floor plan for great room feeling. New carpets and new paint make this lovely home move in ready.  Glowing hardwood floors just refinished.  Kitchen is spacious, includes breakfast area and opens to family room.  This is a very  easy living floor plan and is close to shopping , award winning schools and easy I-90 commute. Living room 2
Living room 2
Living room 2
Living room 2
Living room 2