Market Commentary

No escape for priced-out Seattleites: Home prices set record for an hour’s drive in every direction | The Seattle Times

For the first time since before the recession, the entire central Puget Sound region — from Kitsap to Tacoma to Snohomish — has set new records for median home prices. And Seattle, which has been setting new price records every month, is now on the verge of a once-unthinkable milestone: $1 million for the typical house across some large neighborhoods.

via www.seattletimes.com


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

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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

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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


The Nation's Hottest ZIP Code Is in ... Watauga, TX?! | Realtor.com®

Every month, we take a look at the nation’s hottest housing markets. But once a year, we get a little more granular. After all, when people are house hunting, it’s all about the neighborhood, right? So which specific hoods are buzzing with real estate action right now? The realtor.com® economic team sifted through our data to pinpoint the nation’s hottest ZIP codes.

via www.realtor.com


Market Insider for Sammamish 98075 September 22, 2016

Dear Brian,

Local real estate conditions are changing and your Market Insider provides valuable, up-to-date information about the communities important to you. View critical information about what is happening now, so you can be a "Market Insider"!

Market Area: 98075

Listing Price

$1,113,570

Listing Price Trend

+ 0.07%

Sold Price

$852,330

Sold Price Trend

-1.16%

 

Buying or selling a home involves many factors. Stay on top of current community trends by viewing these listing and sale prices, demographics, school performance, area comparisons, and more. Of course, you can always call or email for help understanding what this information really means for you.

Featured "Insider Tip"

Kitchen Island Styles to Fit Any Use


Regardless of the size of your kitchen remodel, adding an island to your design is one of the best things you can do to make your home more livable. There are many ways to fit an island into ...

Learn more about successfully selling or buying a home and check out a whole library of tips and articles to help you!

As always, thank you for your time and feel free to get in touch if you have any questions.

Yours truly,

Brian Leavitt