The traditional seasonal slowdown is taking a break this year. Activity in November was brisk, and home prices continued to climb. Driving the surge in prices is the lowest inventory of homes in more than a decade. The result is a holiday gift for sellers – with limited choices, multiple offers are common. Now is the ideal time to get top dollar for your home. Snohomish County The median price of single-family homes sold in Snohomish County was $350,000, up 6 percent over a year ago. As compared to the half-million dollar median in King County, Snohomish County is a relative bargain. Buyers are taking note. Brokers report that buyers – even those who work in King County – are increasingly willing to trade commute time for a more reasonably priced home here. King County New residents are flocking to King County – an average of about 6,000 people a month so far this year. The increased demand for housing has gobbled up inventory as soon as it hits the market. As a result, home prices continue to climb. The median price for single family homes sold in November was $499,950, a 13.6 percent increase over a year ago. Southwest King County had the lowest median price in the county at $305,970. However, that was 20 percent higher than last November. Eastside The Eastside continues to lead the market in home prices. The median price for homes sold in November jumped 10 percent to $674,000. Even as prices continue to increase, until supply improves, the Eastside remains a very strong housing market. Buyers can expect fierce competition for existing homes, and need to work strategically on presenting their offer. Sellers can expect multiple offers, and the ability to tailor terms to their advantage.
Every year at this time, many homeowners decide to wait until after the holidays to put their home on the market for the first time. Others who already have their home on the market decide to take it off the market until after the holidays. Here are six great reasons not to wait: 1. Relocation buyers are out there. Companies are not concerned with holiday time and if the buyers have kids, they want them to get into school after the holidays. 2. Purchasers that are looking for a home during the holidays are serious buyers and are ready to buy. 3. You can restrict the showings on your home to the times you want it shown. You will remain in control. 4. Homes show better when decorated for the holidays. Read the full article from Keeping Current Matters.
Keeping Current Matters reported that billionaire John Paulson believes in the financial advantages of homeownership. He has often repeated: “I think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you’re the owner-occupier of.” However, he has not been the only billionaire to give such advice. As a matter of fact, that same advice has been given by people of wealth throughout the history of our nation. Read the original blog post on Windermere Eastside.
I wanted to give a shout out to my clients who recently purchased Lord Hill Stables, which is now Grateful Pine Farm. Congratulations to new owners Kelly and Dan Munro! At the same time, I want to wish Leo and Marla Gese the very best in their new endeavors. It was great to work with such an amazing group of horse people to get this transition complete. Grateful Pine Farm is a discipline, horse-centric boarding facility on 17 acres in Snohomish, WA. They pride themselves in keeping happy, healthy horses and an exceptionally friendly barn atmosphere for both recreational and competitive riders. Their sunny, 17 acre facility includes an approximately 100′ x 200′ lighted outdoor sand arena, 20×40 meter indoor arena with heated viewing area and bathroom, round pen, bridle path, multiple stabling options with generous tack rooms, grooming areas and washracks, and – coming spring of 2015 – a half acre Mark Bolender designed Mountain Trail course. Grate and train top-quality modern sporthorse type Norwegian Fjord Horses carefully selected from champion imported bloodlines. We are accepting a limited number of horses for training or sale and are standing the exceptional OFI Federico at stud starting in 2016. Thanks and congratulations to my clients, and I hope everyone gets a chance to check out the amazing atmosphere at Grateful Pine Farm!
I am excited to be a gold level sponsor for Jordan Linstedt a three day eventer and owner of Jordan Linstedt Eventing. I just recently attended her sendoff fundraiser at Olson’s tack shop as the friends, family, sponsors and the community came together to support her as she heads East for Rolex, the biggest three day international event in the USA. I am excited to become of a member of Team Linstedt and help Jordan reach the top of her sport. A three day event or horse trial is a culmination of dressage, cross country, and stadium jumping. The first phase of an event is Dressage, riders are to show they are elegant and graceful riders and capable of having their horse dance in the arena. The second phase is cross country. Riders gallop their horses across open fields and take them over solid fences, ditches, banks and through water complexes showing their horses are brave and bold. The last phase of an event is a show jumping. The last phase shows the pair has the technical ability to take their horse through a stadium course and not knock rails down with in a certain amount of time. Penalty points are earned throughout each phase and the horse and rider with the lowest score is the winner of the event. Jordán is an international top-level CCI4* equestrian three day rider. Jordán grew up in Redmond, WA and has always had a love for horses. She was riding by the age of two and started competing at the age of 14. Jordán has had coaching from many top trainers, such as David O’Connor, Lesslie Law, John Camlin, and Tamie Smith. Jordán and Tullibards Hawkwind made their debut at Rolex in 2012. In 2013 Jordán was selected for the United States Equestrian Federation developing riders/eventing 25 and under program. Jordán is currently competing RevitaVet Capato at the Advanced and CCI3* levels and is planning to return to Rolex this April with Capato. Jordán has recently started training Lux, a 3 year old Holsteiner, who has great potential to become Jordán’s next top level event horse. Ultimately, Jordán aspires to one day represent the United States at the Olympic Games. When Jordán is not riding or competing her own horses, she is training or coaching others. She has over 30 students of all levels that compete throughout the Pacific Northwest in Area VII. […]
I just got back after an amazing 10 days in Scottsdale, AZ for the Scottsdale Arabian Horse Show. This year was the 60th annual show and it did not disappoint. All of the events were great and my daughter, Siena, and her friends at Silver Aspen Ranch came home with multiple champions, reserve champions and top tens. The Scottsdale Arabian Horse Show is the largest horse shows in the world with around 2,400 horses bringing top owners, trainers and breeders from around the world competing for a chance at winning. In the news update from the first day of the show, the Arabian Horse Association of Arizona says, “one of the most interesting aspects of the Scottsdale show is to study the pedigrees and bloodlines of the horses competing in the breeding classes. These horses embody the history, as well as the future, of the breed.” It’s a great event for not only competition but for learning more about this beautiful breed. Read more from this news update and check out the website for more information. Siena rides and trains with Silver Aspen Ranch, which also had an amazing show at Scottsdale this year. Silver Aspen Ranch specializes in training and showing Arabian and Half-Arabian horses in reining, western pleasure and hunter pleasure. Their open, amateur and youth program has produced over 250 National and Reserve National Champions at the Arabian and Half-Arabian Nationals as well as National and World Champions in the Appaloosa and Quarter Horse breeds. Make sure you take a look at the Silver Aspen Ranch online and on Facebook for more information. As much as I didn’t want to leave the warmer weather, I’m happy to be back in the Pacific Northwest helping my clients buy and sell homes! Check out our pictures from the show below!
The new year started out with a bang. The market saw year-over-year increases in pending sales, closed sales and home prices. Mortgage rates hit a 20 month low. The one cause for concern: inventory is not keeping up with demand. The number of closed sales were slightly higher than a year ago, and the number of pending sales (agreements that have been signed but not yet closed) made it the best January in 15 years. Home prices throughout King County continued to climb. Supply of inventory fell by double digits.