New listings dropped nearly 13% system-wide and 18.5% in King County.
Pending sales rose nearly 6.6% in the Puget Sound region
June and July were also lackluster this year with regard to listings
KIRKLAND, Washington (September 9, 2019) – Depleted inventory continues to frustrate would-be buyers in Western Washington. Many of these potential homeowners are expanding their search beyond the major job centers in King County, according to market watchers who commented on the latest statistics from Northwest Multiple Listing Service.
The MLS report summarizing August activity shows less than two months of supply system-wide, and only about 1.6 months of supply in the four-county Puget Sound region. The sparse selection is pushing up
Fact: Real estate brokers’ commission rates are not regulated in any state and are ALWAYS 100% negotiable.
When you decide to sell your house, if you are like most people, you will want to hire — or at least consider hiring — a real estate agent to handle the process.
Surprisingly, many people think that real estate brokerage commission rates are “set” in their area and they have to pay a specific percentage of the sales price to the agent in order to get their services. This is absolutely not the case. In fact, you can pay whatever you and the agent have agreed upon.
What is a “Fair” amount to pay for real estate commission?
Many people hear the word “discount” company instead of a “traditional” company but
Recession fears are growing, and that may prompt some Americans—who are still haunted by the last one—to get skittish about the housing market. Don’t expect another “real estate fire sale” if the economy heads into another recession, economists say.
“This is going to be a much shorter recession than the last one,” George Ratiu, senior economist with realtor.com®, notes in a recent article at the site. “I don’t think the next recession will be a repeat of 2008. … The housing market is in a better position.”
Just 2% of economists, strategists, academics, and policymakers surveyed believe a recession will occur this year, based on a survey of more than 200 members of the National Association for Business Economics. Thirty-eight percent believe a
MLS director John Deely, principal managing broker at Coldwell Banker Bain in Seattle, described King County’s residential market as “balanced on a fulcrum between growth, stagnation, and decline.” New listings of single family homes (excluding condos) in King County dropped year-over-year and when compared to last month, he noted. Total active listings and pending sales both improved from a year ago, but slipped from June’s totals.
Median price dropped 2.7%.
Increased listing inventory from prior months put pressure on pricing,”
Home Prices declined about 2.9% from June.
The Cascade Team Real Estate is a 2019 Neighborhood Favorite on NextDoor!
Northwest MLS brokers report mixed activity during July, as volume of closed sales
We are very happy to announce that The Cascade Team Real Estate has been named the Best Real Estate Brokerage on Nextdoor for 2 years in a row! The Cascade Team can be found in 617 different neighborhoods collectively representing 133,586 Home Owners. We are very proud to be a part of the neighborhoods we represent and are very proud in the trust you place in all of our amazing agents and neighbors!
Congratulations, you're a 2019 Neighborhood Favorite! It’s official - you’re a winner and neighbors love you! Only 1% of all businesses win this award, and The Cascade Team Real Estate is one of them!
The votes have been tallied and the winners are in. We're pleased to announce the businesses Nextdoor voted as 2019's Neighborhood Favorites!
The weather conditions during the summer season encourage homeowners to naturally become a bit lackadaisical with their home security. Opening doors and windows for that summer breeze and causally straying over to neighbors houses, all the while, leaving their home at risk for a break-in. Homeowners can protect summer fun, personal possessions and family members with several easy security precautions.
Summer home safety checklist:
Summer security: In warmer months, we tend to see a spike in property crimes. Take the time to prepare for summer security and avoid the mess of a break-in.
Summertime maintenance for your home: Basic home maintenance can act as a natural deterrent to burglars. Performing basic tasks such as lawn
Inventory, pending sales and prices all increased during June
Buyers getting “some relief” as key indicators point to strong summer for housing market
KIRKLAND, Washington (July 8, 2019) – Inventory, pending sales and prices all increased during June compared to a year ago, according to the latest report from Northwest Multiple Listing Service. The same report, which covers 23 counties in Washington state, shows year-over-year drops area-wide in both the volume of new listings and closed sales.
“Clearly we now see that the market is moderating – that is we’re definitely moving from a ‘hypermarket’ to one where a correction is underway compared to last year,”
High Impact Real Estate Marketing & 1% MLS Listing Commissions For Today’s Home Sellers
The Cascade Team Real Estate is a company like no other because of the marketing, service and home seller savings we provide. We understand that in today’s real estate & home selling environment, we need to provide a high level of real estate service and wide spread marketing of the home for sale, utilize technology to keep our home seller clients in the communication loop and provide added value to both buyers and home sellers in the real estate transaction. The effective use of technology tools allows our local real estate agents to focus more of their time on servicing our clients and finding buyers for your home, all the while providing the most
Decorate your bikes and trikes and show your patriotic spirit by participating in the annual 4th of July Parade at Snoqualmie Ridge.
The parade begins at 10:30 am at Cascade View Elementary.
It’s a free event open to the Snoqualmie community and typically attended by thousands every year. So grab your family, your red, white and blue – and see you at the park!
Following the parade, join us at Community Park for an afternoon celebration filled with food, games, music, face painting, pony rides and more… And come visit The Cascade Team as we host FREE Sno-Cones for our 13th straight year along with some other fun free giveaways! The Mt Si Highschool Cheerleaders will also be assisting The Cascade Team this year at the Sno-Cone Booth!!
King County Housing Inventory Increases More Than 62%
Total Area Inventory Up 24.5%
Buyers rejoiced at lower interest rates in May.
Volume of new listings, and the number of closed sales – both showed slight gains from a year ago.
KIRKLAND, Washington (June 6, 2019) – The housing market in western Washington may not be as hot as it was last spring, but it is heating up, suggested one industry leader in commenting on the latest statistics from Northwest Multiple Listing Service.
Matt Deasy, president of Windermere Real Estate/East, Inc. said his analysis of single family home sales in King County reveals 7 out of 10 properties that sold during May had 15 or fewer days on the market. He also noted more than half the listings (55