Ashley Wigren

Snohomish County Real Estate & More

Tag: mill creek (page 1 of 2)

September Housing Market Update for Snohomish County

Wow. The housing market was crazy this summer around Snohomish County. It was the best summer on record for sales activity. So now what? Looking ahead, new listings will continue to drop by about 20% in September and October. So for buyers, the best opportunity for selection and availability is right now before winter comes.  And we all know winter is coming…

  • June, July and August had record number of transactions
  • September and October will be the best time for buyers
  • New listings will drop another 30% in winter
  • Interest rates are the lowest they have been since last November​

 

 

 

 

Snohomish County Housing Market Update for August

Snohomish County is still experiencing a hot real estate market. Sellers are in a great position to get top dollar for their homes. And we have buyers coming into the market place daily due to the low interest rates. We have seen more inventory come on in the higher priced homes in our area.  This summer is turning out to be one of the hottest real estate markets we have ever seen in our area!

See the infographic below for more information. If you have other questions or need more specific info just ask! You can text, email or call!

www.ashleywigren.com

 

July Housing Market Update for Snohomish County

On a monthly basis, during this time of year we see more listings coming on the market than pending sales, and June didn’t disappoint.

Buyers: The increase in the number of new listings, coupled with fewer offers for each individual property,  means more choices and little breathing room for the backlog of buyers who have been waiting to buy a home.

Sellers: The sales activity remains at a frenzy level for new listings selling in the first 30 days, although slightly less intense for each property. Sellers need to be market-ready in order to get the best price.

Check out the infographic below for more information!

Snohomish County Housing Update for February

Over the last couple of months we have seen a higher sales activity than new listings, which means we are still lacking houses to sell. February is always the bridge month between the winter and spring markets. So very soon, we will start to see an increase in the number of new listings coming on the market. So homebuyers there is hope, don’t give up! And sellers, if you are ready, now is the time to sell. See infographic below for more infmoration!

As always, if you have any questions I am here to help. You can post in the comment section, send me an email, or tex/call. I am always here to help. Each county is different so if you are interested in King County data, just let know!

 

The Top 3 Things You Need to Know About the Real Estate Market in Snohomish County Right Now

Whether you are wanting to buy or sell your home the best thing that you can do is educate yourself. Learn the process, hire a relator, and know your market! In Snohomish County these are the top 3 things that will help you succeed in your real estate transaction.

1. We are in a Seller’s Market

So what is a seller’s market and how do we know that we are in one. Currently in Snohomish County we are at about 1 months of inventory. And that is down nearly 16% from last month!! Typically anything that is 3% or less is a seller’s market. Anything 3-5% is a neutral market, and anything above 6% is a buyer’s market. This is so great for sellers! Less inventory, means less competition, which can drive home values up. Which is what everyone is seeing right now.  So if you are thinking about or wanting to sell your home, now is the time to do it. So, that’s all good for sellers, but what if you are a buyer? Does that mean you are screwed and are paying too much for a house? Does that mean buyer’s should wait to purchase until more inventory becomes available? The answer to that is no.  The reason  the answer is no, is because  a buyer’s purchasing power is still strong due to the low interest rates that we are currently experiencing and we do not know how long that will last, see #2.

 

2. Interest Rates are Still at Historic Lows

Currently the interest rate on a 30 year fixed is at 4.05%. To put that into perspective this same time in 1997 it was at 7.82%. Then in January of 2007 it was at 6.22%.

So, all of those numbers are great, but what does that mean for buyers?  Simply put, this gives buyers more buying power, more bang for their buck! Lets break it down:

  • Home price: $350,000
  • 30-year fixed rate: 4%.
  • Total payment: $1,503.86/month plus taxes, homeowner’s insurance and PMI

Now lets take a look at the same price with a higher rate:

  • Home price: $350,000
  • 30-year fixed rate: 4.5%
  • $1,596.06/month

While $92 extra  month does not seem like a lot, it is!That extra $92.20/month is $33,191.54 over the 30-year life of your mortgage. If rates climb to 5% the incremental cost jumps to $184.40/month and $66,383.08 over 30 years!!! Click here for link to article.

 

 

3. The Average Days on Market is 38 Days

Currently in Snohomish County the average days on market for homes is 38 days. This may seem like a long time. After all, we know we have a shortage of inventory and willing and able buyers so what gives? First of all, let me say that this is an average of all sales in all of Snohomish County, Including short sales, foreclosed properties and all price ranges & areas. I also believe this may be a result of sellers over pricing their homes, causing them to stay on the market longer. Click here for link to graph.

If you are a seller, the reason why you need to know this, is to make sure your price your home correctly. And more importantly make sure that your relator will tell you what price is too high. When homes are listed too high,  they just will not sell, no matter what the market is like. And if you do get a buyer, the appraisal will not support the price.

If you are a buyer, the reason why you need to know this is because if things are priced correctly, they move fast in this market. It is not unheard of to have a home receive multiple offers on the first day of listing. Make sure that your realtor understands your market and knows the value of the home you wish to purchase.

Snohomish County Cumulative Days on Market

  • $200,000-299,000- 38 days
  • $300,000-399,000- 34 days
  • $400,000-499,000- 37 days
  • $500,000-599,000- 38 days
  • $600,000- 699,000- 39 days

 

Summary

Being prepared for what to expect in the market will help you through the process, whether you are buying or selling. Hire the right professional to guide you through. And remember, the more you know, the better.

 

January Housing Update for Snohomish County

2016 set a new record for the best ever sales activity in our region! At the end of the year we saw a huge increase in the number of houses that were selling compared to the number of new listings that were coming on the market. Basically a mini surge. Most likely fueled by the increase in interest rates. Buyers wanted to get into a home before interest rates were raised.  The good news for buyers is that interest rates are still historically low. Which means they can get into a home at  good rate and stop renting. On the flip side, the good news for sellers is that there is a backlog of well qualified buyers just waiting to get into a home.  Sellers are still getting multiple offers on their property if they are priced correctly.  Ending 2016 and rolling into January 2017 here are some things that stood out to me:

  • 1 month of inventory
  • Interest rates at 4.05%
  • 68% more homes were sold than were listed in December
  • Backlog of buyers is creating a severe shortage of homes for sale in the more affordable price ranges

We will continue to see more listings come onto the market as we get closer to February. This will be just in time for the spring housing market rush.  Check out the infographic below for more information. If you want this information for any other county just let me know!!!

Make Your Home Your Sanctuary

With the arrival of the holiday season our schedules can become overloaded. There just never seems to be enough hours in the day. With that in mind, I wanted to create a blog about how we can make our home our sanctuary. So that when we do finally arrive home from  work, a party, a meeting,  we can relax and really just let the day go. As I was writing this blog and researching ideas, I kept coming back to a blog I had read on freshome.com. After some time, and a few drafts,  I realized that rather than creating my own list, this blog was perfect to share and had many more ideas than I had thought of. So please check out the full article written by Jessica featured on freshome.com. by clicking here. 

 

Here are just some of a few of the ideas presented in the article:

  • Flowers are incredibly soothing both visually and aromatically.
  • White candles add an air of calm and relaxation. Do stay away from the fragrant ones as they can often be overwhelmingly strong.
  • Lighting is so very important. Natural sunlight does wonders to one’s spirit.
  • Remove clutter. Clutter is distracting and immediately instills a sense of chaos and disorderliness.
  • Surround yourself with books and throw pillows and blankets.
  • Hardwood floors and soft area rugs can tie in furniture to help create a focal point and unity. Layering soft textures can create this effect as can fireplaces.

 

 

Take some time to sit back, relax & enjoy the holiday season.

Things to Do This Weekend Around Town!

Fall is here and Halloween is just around the corner. I thought I would take some time to share with you a few cool things that are going on around Snohomish County this weekend that are not your average pumpkin patch and corn maze. Have some fun and enjoy!

Friday 21st 

 

What: Unexpected Productions Presents Haunted Doorways

Description: Haunted Doorways is a theatre production of a ghoulish game show. This runs for two weekends only!

When: 8:05 PM – 10:00 PM

Where: Black Box Theatre at Edmonds Community College

Contact: jennifer.matthews@email.edcc.edu

More Info: Click here

Saturday 22nd

 

 

What: Everett Massacre Centennial Events Day 2

Description: This one might be my favorite and they have a bunch of other dates! Everett Public Library presents a series of programs on the centennial year of the Everett Massacre events that took place November 5th 1916.

When: 1:00 PM

Where: Everett Public Library

More Info: Click here

Sunday 

 

What: Watch the Hawks for Sunday Night Football on the big screen.

Description: This event is free. There are adult beverages and a meal available for purchase!

When: 5:30 PM

Where: Everett Historic Everett Theatre

More info: Click here 

 

Monday 24th

What: The Bride of Frankenstein

Description: This was the 1935 American Sci Fi Horror film classic, the first sequel to Frankenstein.

When: 6:00 PM

Where: The Marysville Opera House

More Info:  lwoodmansee@marysvillewa.gov

 

October Housing Update for Snohomish County

Last month we saw the best September ever!  Inventory is still low, we are at about 1.4 month of supply in our county. But we are seeing a slight decrease in the amount of multiple offer situations for new listings. So if buyers have missed out in the past they can feel more confident moving into fall getting their offer accepted. And 68% of all homes are selling within the first 30 days on market which is excellent for sellers!!!

Check out the infographic below for more details.

snohomishcounty_october2016

September Housing Update for Snohomish County

Our market here in Snohomish County is still intense!  Last month the amount of pending home sales outnumbered new listings. So the countdown to November has begun! A decrease in new listings will begin in November and typically  lasts through about the end of February. The best opportunity for home buyers will be in the next 60 days while more inventory is still available.  See the infographic below for more info!

pdf

 

Older posts

© 2020 Ashley Wigren

Theme by Anders NorenUp ↑