Category Archives: sellers

January Inventory Report

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.

Why You Should List Now!

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.

 

What a Crazy Month

When I think of December and real estate, I think of quiet. Everyone is getting ready for the holidays or going on vacation. It’s a great time for me to catch up on paperwork and plan for my business in 2018.

This past December did not hold to market trend. It was crazy out there. Open houses with a 100 visitors. Listings receiving 28 offers. Multiple offers being received the week between Christmas and New Year’s.

What’s going on you ask? The data for December isn’t out yet but based on what I’ve seen, here’s my theory to why we had a crazy month: We have almost no inventory of properties for sale and people want to buy before interest rates go up and tax reform goes into effect.

Do you want to buy a property? Do you have a property you’ve been debating about selling? Give me a call/text at (206) 790-0081 or email at jamie@jamieflaxman.com for a complimentary consultation.

As Summer Winds Down

Summer doesn’t end until September 21st, but for many, summer ends with Labor Day (this year September 4th). With kids heading back to school and summer vacations over, the real estate market usually sees an uptick in September. More listings come on the market so it’s a great month to buy a home. And if you’re on the edge about selling, we should get your home on the market soon before the market slows down for winter.

To talk about your real estate needs, give me a call/text at (206) 790-0081 or an email to Jamie@JamieFlaxman.com.

What’s Going On With the Market

I was in Iceland for 2 weeks and while I was gone, a slight shift occurred in the market. Inventory increased – in the city of Seattle the number of new listings of single family homes in May increased nearly 30% over April 2017 and nearly 6% over May 2016. This is great news for buyers who have become very frustrated with the lack of available homes for purchase.

Sellers, it’s not time to worry. There’s still a significant shortage of inventory compared to the demand.

Please let me know if there’s anything I can do to help with your real estate needs.

Thinking of Selling?

Reposting as this class is this week, there are spaces still available.

Please join me for this informative and interactive class on March 29th. Come learn valuable insights about the current home selling market and how to prepare your home to sell.

Wednesday, March 29th, 6:30-8:30pm at the  Phinney Neighborhood Association, 6532 Phinney Ave N, Seattle

Topics include:

  • understanding today’s market
  • key steps for preparing your home for market and how to 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
  • tips on downsizing and decluttering.

Reserve your spot by calling 206-783-2244 or www.phinneycenter.org/classes.

Contact Jamie with any questions at 206-790-0081 or Jamie@JamieFlaxman.com.

Light Filled Phinney Ridge Craftsman

Do you want to live on Phinney Ridge or west Green Lake? If you answer yes, this home is for you.Phinney Craftsman

I have just listed this beautiful light filled craftsman at 532 N 67th St. Location is key here with only one block to the Phinney Neighborhood Association and the restaurants and shops on Greenwood Ave. Or go two blocks in the other direction and you’re at Green Lake. Access to Metro routes 5 and E are close by.

The home offers 3 bedrooms, 2 of them on the upper floor with views of Green Lake and the Cascades. Each of these bedrooms has its own bathroom and large closet. The third bedroom is on the main floor along with another full bathroom. The main floor also includes living/dining room, kitchen, and family room, which opens to a wood deck for outdoor dining.

Both the front and back yards are beautifully landscaped and the back is fully fenced for your 4-legged friends. Top this off with a detached 2-car garage and everything you need is covered.

Explore the home via video tour.

Stop by one of the open houses to check it out or contact me for a private showing. With our current low inventory, this home is sure to go fast.

  • Friday, June 3rd – 4:00-7:00p
  • Saturday, June 4th – 1:00-4:00p
  • Sunday, June 5th – 1:00-4:00p
  • Wednesday, June 8th – Noon-2:00p

Home Features:

  • Built in 1923
  • 3 bedrooms
  • 2.75 bathrooms
  • 2,570 sq. ft
  • 4,960 sq. ft. lot
  • 2 car garage
  • Gas furnace for main and lower levels
  • Ductless heat pump with air conditioning for second floor bedrooms
  • Partially finished basement with bonus room
  • Earthquake retrofitted in 2001
  • Views of Green Lake and the Cascades

Download the 532 N 67th St. home flyer

Downsizing Doesn’t Have to Be Daunting!

bookshelf-413705_1920Thinking of moving to a smaller space or even a tiny home? While it is true that by liberating ourselves of extra space can open the door to lower costs (mortgage, utilities, property taxes, and repairs), for many the thought of having to downsize their belongings in order to fit in more closed-quarters is prohibitive. If you have been thinking about downsizing, here are some ways you can get the ball rolling without it seeming overwhelming:

  • Lifestyle Analysis – First review how your life is going to change after you downsize. If you are retiring, there may be many work-related items that no longer need to clutter your closet! Suits, jackets, shoes, purses, etc., that served you in a professional capacity may be the first to go into the donate and sell If you are moving to a warmer climate, perhaps you should rethink your winter wardrobe. Moving to a condo and don’t plan on utilizing your green thumb? Consider your garden and lawn tools and supplies. Entire categories of things can be the first to go.
  • Space Analysis – Think about the space and functionality of the rooms you are moving to. If you don’t have a guestroom at your new place, then perhaps you don’t shouldn’t bring that entire room of items. If you are downsizing your kitchen to half of what you have now, then half of what you currently have will need to find another home. Think about your largest furniture pieces as well. Do you have room for a pool table? Also consider scale of furniture – sectionals and large dining room tables may be just too large proportionally for the rooms you will have.
  • Functionality Analysis – How many pans do you really cook with on a regular basis? How many mixing bowls do you really need at once? How many pairs of socks? So often we keep something around because we perceive that we need it, but you likely only use a few items in your home on a regular basis. When was the last time you made pasta from scratch or used all your towels? Downsizing means choosing, so choose wisely!
  • Memorabilia Analysis – This is a tough one because it means choosing among things that are cherished. Yearbooks, photos, letters, keepsakes, children’s artwork, etc., all fall into this category. As we get older, this problem becomes more pronounced as we inherit and become stewards of other people’s items. One idea is to digitize items – as files on a computer you still have the items but they take up less physical space. This category of items is just too painful for some people to have to go through and make choices for fear of making a mistake. If this sounds like you, then perhaps your best bet is to get a storage unit and put those items in there. I do recommend that you let someone else know about the unit in the event something happens to you so that these items stay in the family.

Are you overwhelmed by the thought of downsizing? Let’s talk! I would be happy to help get the ball rolling and I also have professional organizers I can call upon to help. (206) 790-0081 or email: Jamie@JamieFlaxman.com.

Seattle Homeowners Aren’t Selling, But Here’s Why You Should

Did you miss me? After a brief hiatus from blog writing, I’m back with the goal of posting to this blog at least twice a month.

home-for-saleI can’t think of a more timely topic to cover today than our current low inventory. As you may know, Seattle (and the whole of King County) has one of the hottest real estate markets in the country. It’s all about supply and demand: inventory of homes and condos is at record-low levels, yet thousands are moving to Seattle every month, amplifying the demand for real estate.

Many homeowners are holding on to their real estate even though they’d actually prefer to sell. There are three reasons for this:

1) Homeowners hope prices will continue to rise.

2) Homeowners fear they won’t be able to find another place to live.

3) Homeowners do not realize how much equity they have in their homes.

The reality is, we have seen double-digit appreciation for many years, and almost all homeowners who bought prior to 2011 have positive equity in their real estate. While I am generally optimistic about the market for 2016, I do expect we will see a slowdown in appreciation this year. With the upcoming presidential election and increasing interest rates, this year could be a challenge.

The big takeaway: If you’re considering selling your home, the time to do so is NOW!

If you find yourself experiencing holding on to your real estate for any of the three reasons listed above, I can provide you with a complimentary market analysis of the value of your home, and I can also advise you on strategies for finding housing—either for purchase or rent—for when you do decide to sell your home. There is no crystal ball to tell us what will happen in the real estate market in the next 6–12 months, so why take the risk that prices won’t level out or decrease? With King County’s current limited inventory, you could go for the sure sale today.

I will be teaching a how-to class on March 1 about selling your home in the current market. (Download a flyer about the class.) If you are interested in selling in the next few years, this class is for you. Not interested in selling, but have friends and family who might be? Please share the flyer with them.

I want to help you make a sale now while the market is hot. Call or text me at 206-790-0081, or email me at Jamie@JamieFlaxman.com, with questions or to discuss your needs further.