Category Archives: blog

Market Update

The Puget Sound area real estate market has shown a shift over the past few months, and we’re moving toward what is considered a balanced market. A balanced market is one that does not favor the buyer or the seller and is the healthiest possible situation. Typically, a balanced market is considered one with 4 to 6 months of inventory; less than that favors the seller, more than that favors the buyer. Here are some selected inventory levels for September:

Inventory in Months King County Seattle Snohomish County Edmonds
Single Family Homes 3.0 2.9 2.4 2.8
Condos 2.9 3.9 1.7 1.3

Moving toward a balanced market is a good trend. It puts both buyers and sellers on equal footing. Mike Grady, COO of Coldwell Banker Bain, states “buyers are at long last now seeing properties that stay on the market longer. Listings that are priced appropriately, and not based on the feverish market we saw just a few months ago are still selling quickly, and home prices are still showing 8 percent appreciation year-over-year, more than double the rate of inflation.”

What does this mean to you if you’re considering selling your home? Homes are selling if they are priced properly. More than ever it means you need an experienced REALTOR who will provide you with a detailed pricing analysis based on what is happening in today’s market, not on sales from even 3 or 6 months ago. And automated values are even less reliable than they have been because they may not reflect what is happening today. When I work with a seller, I give you a detailed report and recommendation and update this report frequently to adjust for market change.

If you’re a buyer, this is a fabulous time to get in the market. With prices stabilizing and interest rates increasing, waiting might be not be a good idea. What you can afford today might be less than what you can afford next year. I can provide you with recommendations of lenders who can help you determine what your buying power is. Additionally, with the market becoming more balanced, the need for pre-inspections and waiving of contingencies is passing.

I’d love to talk with you about the market in your neighborhood and why now might be the time for you to buy or sell. Give me a call/text at (206) 790-0081 or email Jamie@JamieFlaxman.com to set up a time to chat.

 

 

 

I’m Back!!!

Some of you may have noticed that you haven’t seen blog posts from me for the past few months. There’s a reason for that – in late September while on vacation I took a fall and broke both my ankles, both of which required surgery.

So my 2 weeks off became 3 months off. Today, January 3, 2017, I am happy to say I am back at work full-time. Over the past 3 months, I have worked part-time but most of my focus has been on healing. While I still have a ways to go, I am able to get out and around on my own now, so I’m here to say, “call, text, email so we can discuss your real estate needs.”

I have learned a great deal during my recuperation. First and foremost, friends, colleagues, and family are AMAZING. If you have been one of those who has helped out in one way or another, thank you.

I have also learned more about home accessibility issues than I would ever imagine. As a homeowner of a home that is very inaccessible (entry/exit stairs and narrow doorways), I will now look at homes with a different viewpoint and will be able to even better assist my clients as they determine what type of home they wish to purchase. I read an interesting article on Universal Design, also known as Ageless Design. One of the basic principles of universal design is that it makes homes more practical and safer for everyone — not just the elderly or people with limited mobility. I hope that more builders will start to implement universal design features into their new construction.

Stay tuned for weekly posts (usually on Monday) and a monthly video (usually around the 15th). If there’s a topic you’d like me to cover, call, text, or email the subject.

Jamie@JamieFlaxman.com or 206-790-0081

I’m Back . . .

After taking some time off from my blog, I am back. Expect to see two to four posts a month moving forward.

This week’s post is to introduce you to my updated website. While there have been layout and content changes, the biggest change is on the Search page. The new Search page is more adaptable and user friendly. Check it out and let me know what you think.

What would you like to see me write about on the blog? Leave a Comment or send me an email with topics of interest and I’ll do my best to post in the coming weeks.