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Seattle area/King County Prices….
The Seattle Times a week ago writes a story on how Seattle area homes prices continue to fall in February, a week later, they have miracously changed their tune and now prices are rising…Really? All this in a week? What will they say next week? Below are both articles.
http://seattletimes.nwsource.com/html/businesstechnology/2018060801_caseshiller25.html
http://seattletimes.nwsource.com/html/businesstechnology/2018135316_homesales04.html
Home Prices Stabalize?
A recent report by Clear Capital found that in the top 15 Metro areas REO’s(Foreclosed Properties) increased in February, however those areas showed average gains or stable home prices compared to the previous month which is a good sign, however is unusual. REO’s typically will put downward pressure on home prices causing depreciation.
http://realtormag.realtor.org/daily-news/2012/03/06/home-prices-stabilize-despite-increase-in-reos
Preparing Your Home For Winter
Now that the cold weather is upon us and the temperature drops below freezing in the evening (soon may not get above) here is a nice link to help you prepare your home from the damages that can occur during this time of year.
http://seattletimes.nwsource.com/html/realestate/2016719247_realwinterize27.html
Downward trend of Inventory Continues
Attached is the latest inventory numbers from the MLS in regards to residential homes in King and Snohomish Counties. Our available inventory for the two counties is now similar to that of 2004/2005 when we saw many properties receive multiple offers. I believe inventory will continue to fall through the end of the year and gradually uptick in late January early February of 2012.
If you are a seller contemplating putting your home up for sale and are in the mindset of waiting until the holidays are over, is that a good or bad decision? While that may be the most convenient, one of the pros to putting your house up for sale now is you will have a lot less competition and therefore may realize a faster and more profitable sale then waiting with the majority of sellers until after the New Year.
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Did prices really dive?
Although a double digit decline is reported, deeper into the article “non distressed” homes (non bank owned or short/bankruptcy sales) saw a 2.5% decline.
http://seattletimes.nwsource.com/html/businesstechnology/2016942200_homesales06.html
