I’m going to be putting together a handout on moving tips. There are so many steps to moving besides packing the boxes, from changes of address to preparing your new home for your pets.
This week I’m going to share the experience of a friend who moved recently. Don’t pack your important documents in a box – instead carry them with you!
This friend finished her move on a Saturday and then realized she was missing some boxes. She looked everywhere including driving back to her old place and could not find those boxes anywhere. The missing boxes included copies of her tax returns and boxes of checks, among other things. She was freaking out because if someone took her boxes, they might be able to steal her identity. Important documents such as credit cards, checks, financial records, passports, wills, etc. should be carried with you for the move, not placed in the truck.
My friend got lucky, someone found her boxes and put them in a safe place. She got them back unopened, after having a sleepless Saturday night.
Moral of the Story: Important documents such as credit cards, checks, financial records, passports, wills, etc. should be carried with you for the move, not placed in the truck. Also, inventory your boxes so you know how many went into the truck and how many came out.
Do you have a moving tip or story to share? Email it to Jamie@JamieFlaxman.com and it might make the Moving Tips Handout or show up on the Blog.
March statistics from the Northwest Multiple Listing Service were released last week and showed that we are continuing to see substantial price increases.
Prices overall are up about 13.2 percent from a year ago, and even more so in the four-county Puget Sound region. Among these four counties, Kitsap had the largest year-over-year increase at 19 percent, but King County homes are still the priciest. The median price for last month’s sales of single family homes and condos combined in King County is $625,000, up 17.9 percent from a year ago. For single family homes, excluding condos, the median price for last month’s sales was $689,950. Year-over-year prices are up more than 18 percent in Pierce County and about 14.3 percent in Snohomish County.
We have returned to an extremely intense market for each new listing due to extremely strong job growth and eager buyers who want to purchase before interest rates go higher. We are witnessing high levels of sales activity intensity for each new listing coming on the market.
Until we see more inventory on the market, expect home prices to continue to increase. For more information on the market, contact me at 206-790-0081 or Jamie@JamieFlaxman.com.
In Seattle and King County, we saw a slight increase in inventory over March of last year for single family homes, 3.1% in King County and 6.6% in Seattle. For condos, the number for sale in King County decreased 4.5% but increased 21% in Seattle. The Seattle increase may be because of pre-sales at buildings under construction.
Snohomish County saw a significant decrease in the number of single family homes for sale, with an 11.9% decrease. Condos for sale stayed at the same level as 2017.Lack of inventory is still driving the region’s housing market. The chart below shows 3 year inventory levels for King (green) and Snohomish (orange) Counties as well as for Seattle. The biggest decrease has been in Snohomish County as King County buyers are being priced out their market.
Please give me a call/text at (206) 790-0081 or email to learn more or discuss your options for buying or selling a property.
Next week, on Wednesday, April 4th, I will be teaching my popular class, “Getting to Sold,” at the Greenwood Senior Center. The class is open to everyone and is not targeted to any one age group.
Getting to Sold is for anyone who is thinking about selling a home or condo. It’s a great opportunity to learn what’s going on with the real estate market and why now might be the right time to sell. I also provide tips on preparing your home for market. And we also talk about how to purchase a new property while selling your current one.
Class is April 4th, 6:00-7:30pm. Please reserve your spot by emailing me at Jamie@JamieFlaxman.com or calling/texting 206-790-0081.
Download flyer: getting to sold flyer 2018
As the sun is showing itself, it’s time for the many spring and summer festivals and outdoor activities. What’s your favorite way to get outside this time of year?
- Tulip Festival
- Beach Walks
- Mariners Games
- Puyallup Spring Fair
- Cherry Blossoms at the UW
This April I will be hosting two “Getting to Sold” classes for those considering selling a home. In Getting to Sold you will learn valuable insights about the current home selling market including:
- key steps to prepare your home for market and receive top dollar
- options for buying a new home while selling your current one
- why it might be in your best interest to sell sooner rather than later.
The two classes are open to anyone interested and there is no fee to attend.
Wednesday, April 4th, 6:00-7:30 pm will be at the Greenwood Senior Center
Friday, April 13th, 1:30-2:30 pm will be at the Wallingford Senior Center.
Questions and reserve your spot by calling/texting Jamie at 206-790-0081 or by email: Jamie@JamieFlaxman.com.
Inventory (or lack of) is still the story of the greater Seattle real estate market. We did see increases in some areas but not nearly enough to address the demand. In King County the number of single family homes coming on the market increased 6.6% over February 2017 but is still down 7% from 2016; condo inventory increased 13.2% from 2017 but is down 16.9% from 2016.Seattle continued to see a decrease in inventory for single family homes compared to the two past years – down 4.7% from 2017 and 6.9% from 2016. Condos on the other hand increased significantly, a 34.2% increase from 2017 although from 2016 the number was down 15.1%. The increase in condos may be from pre-sales of a few new buildings that are in the development stages.
Moving on to Snohomish County, the number of single family homes showed an increase of 1.3% from 2017 but that is still a 16.8% decrease from February 2016. New condo listings also increased 12.7% from 2017 and also showed a 12.1% increase from 2016.
Are you thinking of selling your home this year? We’re moving into the spring real estate frenzy so let’s talk now about your plans. Give me a call/text at 206-790-0081 or email at Jamie@JamieFlaxman.com.
If you’re a buyer in our crazy, hot market, you may be wondering, how do I compete? While most properties are receiving multiple offers and bidding wars, it is very possible to be successful in our market.
I have an 8-step process for helping my buyers be successful. These steps begin with being pre-approved for a mortgage and knowing the maximum amount you can afford. I have a list of wonderful lenders who can help you with your pre-approval.
My 8-steps include recommendations on pricing and how to make your offer stronger. If you’d like to learn more about the 8-steps, please contact me.
Another option in our market is to look for homes that have been on the market for more than 2 weeks. It’s very possible these homes have been overpriced, so even if the list price is higher than your max budget, you may be able to negotiate to a price in your range.
Let’s talk about your home buying needs. Phone/text 206-790-0081 or email me.
In both Snohomish and King Counties we saw an increase in inventory in January, but not nearly enough to meet the demand. I know of a home in Everett that received 27 offers and one in Seattle (Fremont) that had 18. Looking at January 2018 inventory you can see that the numbers are continuing to decrease, year over year. In King County the number of active listings at month end is down 50% since 2016, 21% from 2017; in Snohomish County it is down 81% since 2016, 30% from last year.
This is the time to sell – let’s talk about your needs. Give me a call/text at 206-790-0081 or email Jamie@JamieFlaxman.com.
You’ve heard it before but I can’t say it enough – we have a severe shortage of homes for sale in the Puget Sound Region. This is the number of active listings in various cities as of this morning:
For comparison purposes, in December 610 homes SOLD in Seattle, almost double our current inventory of available homes.
The number of buyers has increased substantially as well, resulting in multiple offers on most properties. Prices are continuing to increase as well.
So why should you sell now? Traditionally we see more homes for sale in the spring so get your home on the market NOW to reach out to the most buyers.
Give me at call/text at (206) 790-0081 or email Jamie@JamieFlaxman to discuss listing your home.