Clyde Hill, WA Real Estate Update

If you are looking to list or purchase Clyde Hill, WA real estate, knowing the current market conditions can make a huge impact on the success you have. Of course, choosing a qualified Clyde Hill, WA realtor can also make a huge impact as an experienced one can help you navigate each part of the process successfully. As a seller, you want to know things like what your average or median days on market are looking like or what the median and average sold prices are so you can make a good decisions on a selling price. As a buyer, you want to know these aspects as well so you know what is considered a good offer that has a high chance of getting accepted. So how is Clyde Hill, WA real estate doing? Let’s take a look!

The good news for sellers is that the median and average sold prices for real estate in Clyde Hill, WA have increased! The median sold price is up 9.2% at $2,325,000 which is up compared to this time last year AND last month. The average sold price is up 19.2% at $2,680,072. The average price per square foot is up 7.7% at $642 and the average percentage of list price is slightly down at 98.7%. The percentage of list price basically indicates your negotiation power as a buyer and lets the seller know how much, on average, they can expect to receive of their list price. Unfortunately for buyers, new listings are down 25.8%, homes for sale are down 10%, pending sales are down 24.4% and closed sales are down 7%. Interestingly enough (and we saw this last month for this area AS well as in Medina), the median days on market are down 26.3% at 14 days but the average is up 28.9% at 49 days. It is important to note that with higher priced homes, as Clyde Hill, WA real estate is known for, it isn’t uncommon for them to sit a little longer. One home can also throw the entire average off. Regarding the month supply, this number continues to be down at 12.1% with a 2.9 month supply compared to this time last year. HOWEVER! This is up (minimally, but we will take it!) compared to last month. In order for real estate in Clyde Hill, WA to be considered balanced, we need a 6 month supply. As a Clyde Hill, WA realtor, I prefer to pull these details from our local Northwest Multiple Listing service to ensure that I am providing accurate data. If you are looking for a custom market analysis for your neighborhood or simply want more info from a Clyde Hill, WA realtor, feel free to give me a call. I would love to discuss your real estate needs!


Posted on October 18, 2017 at 5:38 pm
Britt Wibmer | Posted in Britts Picks |

Medina, WA Real Estate Update

If you are looking to list or purchase Medina, WA real estate, being aware of the current market conditions can make a big impact on the success you have. As a seller, you want to know things like what your average or median days on market are looking like or what the median and average sold prices are so you can make a good decisions on a selling price. As a buyer, you want to know these numbers so you can feel confident that you made a good offer that has a high chance of getting accepted. Of course, choosing a qualified Medina, WA realtor also makes a difference as an experienced one can help you navigate each part of the process successfully. With how competitive the current market is, it is more important than ever to work with a long time, local real estate expert.  So how is Medina, WA real estate doing? Let’s take a look!

The good news for sellers is that the median and average sold prices for real estate in Medina, WA are UP! The median sold price is up 33.4% compared to this time last year at $2,800,888. The average is up 43.3% at $3,591,877. The average price per square foot is up 32.9% at $844 and the average percentage of list price is actually down for the first time in a LONG time at 99.5%. This is only down 0.5%. The percentage of list price basically indicates your negotiation power as a buyer and lets the seller know how much, on average, they can expect to receive of their list price. When this number reaches 100%, this usually means homes are getting full price offers. Unfortunately, due to the fact that we are in a seller’s market, new listings are down 13%, however, pending sales are up 9.1% while closed sales remain unchanged. Interestingly enough, the median days on market are down 33.3% at 10 days but the average is up 58.6% at 46 days. It is important to note that with higher priced homes, as Medina, WA real estate is known for, it isn’t uncommon for them to sit a little longer. One home can also throw the entire average off. Regarding the month supply, this number continues to be down at 6.7% compared to this time last year with a 2.8 month supply. However, it is important to note that this is unchanged compared to last month. In order for real estate in Medina, WA to be considered balanced, we need a 6 month supply. As a Medina, WA realtor, I prefer to pull these details from our local Northwest Multiple Listing service to ensure that I am providing accurate data. If you are looking for a custom market analysis for your neighborhood or simply want more info from a Medina, WA realtor, feel free to give me a call. I would love to discuss your real estate needs!


Posted on October 17, 2017 at 6:03 pm
Britt Wibmer | Posted in Britts Picks |

Bellevue, WA Real Estate Update

If you are looking to list or buy Bellevue, WA Real Estate, being aware of the current market conditions can make (or break) your experience. As a seller, knowing the current average and median sold prices, as well as price per square foot, days on market, etc. can ensure you list appropriately. As a buyer, this knowledge ensures that you feel confident about making an offer on a home for sale in Bellevue, WA that has a high chance of getting accepted. As a local Bellevue, WA realtor, I utilize the local Northwest Multiple Listing Service to pull these stats monthly so I can provide buyers and sellers with up to date, accurate information. So how is the west side of Bellevue, WA real estate doing? Let’s take a look!

The great news for sellers is that the median and average sold price for Bellevue, WA real estate is up compared to this time last year. This means that your home for sale in Bellevue, WA has likely increased in value compared to even just a couple months ago. However, while the median sold price is up compared to 2016, it has stayed about the same at $1,317,100. Last month, the median was $1,317,000. While the average is up a bit more, it is still hovering around last months price of $1,724,950 at $1,757,594. The average price per square foot for a home for sale in Bellevue, WA is up 11.8% at $623. The average percentage of list price (which indicates your negotiation power) is at 100.7%, on average, which basically suggests that the average real estate in Bellevue, WA is getting full price. When you work with a qualified Bellevue, WA realtor, they can give you more tailored information that is comparable to your home specifically and not just the general west side of Bellevue. New listings for this area are down 14%, homes for sale are down 29.6% (not great news for buyers), pending sales are up 2.6% and closed sales are up 6.3%. The median days on market are down 15.4% at 11 days while the average days on market are up 2.1% at 46. As we are still in a seller’s market, this area only has 2 month supply. A balanced market needs a 6 month supply. Our competitive market conditions have been a hot topic and you can see why from these numbers. If you are looking for a Bellevue, WA realtor, feel free to give me a call. I would be happy to help!


Posted on October 17, 2017 at 5:36 pm
Britt Wibmer | Posted in Britts Picks |

Seattle, WA Real Estate Update

If you are thinking of buying or selling Seattle, WA real estate knowing what the current market conditions are can have a big impact on your experience as both a seller and a buyer. As a seller, knowing things like the average and median sold price will help guide you in picking an appropriate listing price. As a buyer, you know a general idea of what to expect as far as an offer price goes. In addition to knowing how to work that magic number, you can get a good idea of days on market, percentage of list price, the month supply and more. Of course, working with a qualified Seattle, WA realtor that can guide you throughout the entire transaction also makes a profound difference. You will need someone who is well versed in the local market, as well as someone who acts as your advocate in case things get complicated. In a competitive market like the one we are experiencing today, this is incredibly crucial! So how is Seattle, WA real estate doing? Let’s take a look!

The median sold price is up 14.5% at $629,950 while the average sold price is up 10.5% at $713,604. These numbers are not only up from this time last year, but also just last month. The average price per square foot for real estate in Seattle, WA is up 9.3% at $434. Also up from this time last year, and up from last month, although only by a couple dollars. The average percentage of list price for Seattle, WA real estate is 104.7% which is up minimally at 1.3%. This stat indicates your negotiation power and currently, on average, homes for sale in Seattle, WA are not only getting full price, they are getting over. This is likely due to the fact that we are dealing with a month supply of 1, which is down 16.7% compared to this time last year but has stayed the same since last month. A Seattle, WA realtor looks for a 6 month supply in order to consider the market “balanced”. To further prove that point, new listings are down 4.6% while homes for sale in Seattle, WA are down 16.7%. Pending sales are up, but only by 1.5% and closed sales have had no change. The median days on market is 8 while the average days on market for Seattle, WA real estate is 20. This means homes for sale in Seattle, WA are moving fast, making it more important than ever to work with a qualified Seattle, WA realtor. If you are looking to buy or sell, give me a call. I would be happy to help!


Posted on October 17, 2017 at 5:28 pm
Britt Wibmer | Posted in Britts Picks |

Seattle, WA Real Estate: Monthly Report

If you are thinking of buying or selling real estate in Seattle, WA, knowing what the current market conditions are can have a profound impact on your experience. As a seller, knowing things like the average and median sold price will help guide you in picking an appropriate listing price while as a buyer, you know a general idea of what to expect as far as an offer price goes. Of course, working with a qualified Seattle, WA realtor that can guide you throughout the transaction also makes a huge difference. You will need someone who is well versed in the local market, as well as someone who acts as your advocate in case things get complicated. In a competitive market like the one we are experiencing today, this is huge! So how is real estate in Seattle, WA doing? Let’s take a look!

The median sold price is up 13.3% at $620,000 while the average sold price is up 10.6% at $707,364. The average price per square foot for real estate in Seattle, WA is up 10.5% at $432. The average percentage of list price for Seattle, WA real estate is 104.5%. This stat indicates your negotiation power and currently, on average, homes for sale in Seattle, WA are not only getting full price, they are getting over. This is likely due to the fact that we are dealing with a month supply of 1. A Seattle, WA realtor looks for a 6 month supply in order to consider the market “balanced”. To further prove that point, new listings are down 2% while homes for sale in Seattle, WA are down 14.4%. Pending sales are up, but only by 2.1% and closed sales are up by 2.3%. The median days on market is 8 while the average days on market for Seattle, WA real estate is 23. This means homes for sale in Seattle, WA are moving fast, making it more important than ever to work with a qualified Seattle, WA realtor. If you are looking to buy or sell, give me a call. I would be happy to help!


Posted on September 25, 2017 at 10:20 pm
Britt Wibmer | Posted in Britts Picks |

Bellevue, WA Real Estate: Monthly Report

If you are looking to purchase or list Bellevue, WA Real Estate, being aware of the current market conditions can make or break your experience. As a seller, knowing the current average and median sold prices, as well as price per square foot, days on market, etc. can ensure you list appropriately. As a buyer, this knowledge ensures that you feel confident about making an offer on a home for sale in Bellevue, WA that has a high chance of getting accepted. As a local Bellevue, WA realtor, I utilize the local Northwest Multiple Listing Service to pull these numbers monthly in order to make sure I am providing recent and accurate information. So how is the west side of Bellevue, WA real estate doing? Let’s take a look!

The great news for sellers is that both the median and average sold price for Bellevue, WA real estate is up. This means that your home for sale in Bellevue, WA has likely increased in value compared to even just a couple months ago. The median sold price is up 5.4% at $1,317,000 while the average is up 11.3% at $1,724,950. The average price per square foot for a home for sale in Bellevue, WA is up 11.1% at $613. The average percentage of list price (which indicates your negotiation power) is at 100%, on average, which basically suggests that the average real estate in Bellevue, WA is getting full price. When you work with a qualified Bellevue, WA realtor, they can give you more tailored information that is comparable to your home specifically and not just the general west side of Bellevue. New listings for this area are down 8%, homes for sale are down 24%, pending sales are up 4.6% and closed sales are up 6%. The median days on market are down 15.4% at 11 days while the average days on market are up 8.9% at 49. As we are still in a seller’s market, this area only has 2.2 month supply. A balanced market needs a 6 month supply. If you are looking for a Bellevue, WA realtor, feel free to give me a call. I would be happy to help!


Posted on September 25, 2017 at 8:52 pm
Britt Wibmer | Posted in Britts Picks |

Why NOW Is A Great Time To Buy AND Sell

For some reason, Bellevue WA Real Estate has a reputation for slowing down in the fall time. In fact, so does Seattle, WA real estate and real estate across the United States. Spring and summer are definitely the busiest months for buying or selling real estate in Bellevue, WA as well as real estate in Seattle, WA, as this is the time of year that families are looking to move while school is out. However, with real estate in our part of the country being in such high demand, the temperatures may cool, but the local Bellevue, WA real estate industry will not. With our local economy continuing to flourish and so many people moving here, we have high demand and a low supply which will likely keep our local area’s market hot for the next couple years. Whether you are a buyer or a seller, check out below why you shouldn’t wait to purchase real estate in Seattle, WA and real estate in Bellevue, WA!

As a Buyer:

1.) Prices for real estate in Bellevue, WA & real estate in Seattle, WA are expected to increase. CoreLogic’s recently release Home Price Index report states that homes have already appreciated by 6.7% over the last 12 months and are expected to increase at a rate of 5% over the next 12 months.

2.) Mortgage interest rates are expected to increase. With how historically low they have been, now has never been a better time to buy. Especially if you are looking to purchase luxury Seattle real estate or luxury Bellevue, WA real estate. With prices averaging close to luxury Seattle real estate prices, it makes more sense than ever to move up and lock in a great rate while doing it. Even if you aren’t looking to get into the luxury Bellevue, WA real estate market, an increased mortgage rate impacts your purchasing power with even the littlest percentage change.

3.) You are paying a mortgage regardless. With how much prices are increasing in both Seattle, WA real estate and Bellevue, WA real estate, you may as well be getting equity out of these monthly payments.

As a Seller:

1.) The demand is strong! Whether someone is looking for an average priced home or luxury Seattle real estate, there is demand for almost every market. Depending on the neighborhood, your home for sale in Seattle, WA could sell in a week with multiple offers. Of course, have your Seattle, WA realtor pull a market analysis for you so you can have a more detailed report for your local area that will give you a better idea of what is happening in your immediate area.

2.) There isn’t a whole lot of competition as far as homes for sale in Seattle, WA go. Same with homes for sale in Bellevue, WA. With how low our inventory is, as a long time local Seattle, WA realtor AND Bellevue, WA realtor, there has never been a better time to list.

3.) Because of this, the process for moving homes for sale in Seattle, WA and homes for sale in Bellevue, WA will be much quicker.

4.) NOW is a great time to move up if you are in the market for luxury Seattle real estate OR luxury Bellevue, WA real estate! Interest rates are still relatively low, which means you can lock in a great rate on your dream home. Add in that prices are expected to increase, and you don’t want to be shut out of your dream home.

If you are looking for a Seattle, WA realtor or a Bellevue, WA realtor, give me a call. I would be happy to help you through your buying and selling needs.


Posted on September 25, 2017 at 8:38 pm
Britt Wibmer | Posted in Britts Picks |

Medina, WA Real Estate: Monthly Report

If you are looking to sell or buy Medina, WA real estate, being aware of the current market conditions can make a huge impact on the success you have. Of course, choosing a qualified Medina, WA realtor also makes a difference as an experienced one can help you navigate each part of the process successfully. With how competitive the current market is, it is more important than ever to work with a long time, local real estate expert. As a seller, you want to know things like what your average or median days on market are looking like or what the median and average sold prices are so you can make a good decisions on a selling price. As a buyer, you want to know these numbers so you can feel confident that you made a good offer that has a high chance of getting accepted. So how is Medina, WA real estate doing? Let’s take a look!

The good news for sellers is that the median and average sold prices for real estate in Medina, WA are UP! The median sold price is up 30.2% at $2,800,000 while the average is up 29.7% at $3,259,249. The average price per square foot is up 25.7% at $801 and the average percentage of list price is 100%. The percentage of list price basically indicates your negotiation power as a buyer and lets the seller know how much, on average, they can expect to receive of their list price. When this number reaches 100%, this usually means homes are getting full price offers. Unfortunately, due to the fact that we are in a seller’s market, new listings are down 10.9%, however, pending sales are up 1.7% and closed sales are up 1.7%. Interestingly enough, the median days on market are down 50% at 8 days but the average is up 8.3% at 39 days. It is important to note that with higher priced homes, as Medina, WA real estate is known for, it isn’t uncommon for them to sit a little longer. One home can also throw the entire average off. Regarding the month supply, this number continues to be down at 3.4% with a 2.8 month supply. In order for real estate in Medina, WA to be considered balanced, we need a 6 month supply. As a Medina, WA realtor, I prefer to pull these details from our local Northwest Multiple Listing service to ensure that I am providing accurate data. If you are looking for a custom market analysis for your neighborhood or simply want more info from a Medina, WA realtor, feel free to give me a call. I would love to discuss your real estate needs!


Posted on September 25, 2017 at 8:09 pm
Britt Wibmer | Posted in Britts Picks |

Clyde Hill, WA Real Estate: Monthly Market Report

If you are looking to buy or sell Clyde Hill, WA real estate, knowing the current market conditions can make a huge impact on the success you have. Of course, choosing a qualified Clyde Hill, WA realtor also makes a difference as an experienced one can help you navigate each part of the process successfully. As a seller, you want to know things like what your average or median days on market are looking like or what the median and average sold prices are so you can make a good decisions on a selling price. As a buyer, you want to know these aspects so you know what is considered a good offer that has a high chance of getting accepted. So how is Clyde Hill, WA real estate doing? Let’s take a look!

The good news for sellers is that the median and average sold prices for real estate in Clyde Hill, WA are UP! The median sold price is up 7.7% at $2,275,000 while the average is up 17.6% at $2,621,739. The average price per square foot is up 8% at $638 and the average percentage of list price is 98.6%. The percentage of list price basically indicates your negotiation power as a buyer and lets the seller know how much, on average, they can expect to receive of their list price. Unfortunately, due to the fact that we are in a seller’s market, new listings are down 22.5%, homes for sale are down 5.3%, pending sales are down 16.9% and closed sales are down 15.4%. Interestingly enough, the median days on market are down 22.2% at 14 days but the average is up 16.3% at 50 days. It is important to note that with higher priced homes, as Clyde Hill, WA real estate is known for, it isn’t uncommon for them to sit a little longer. One home can also throw the entire average off. Regarding the month supply, this number continues to be down at 15.2% with a 2.8 month supply. In order for real estate in Clyde Hill, WA to be considered balanced, we need a 6 month supply. As a Clyde Hill, WA realtor, I prefer to pull these details from our local Northwest Multiple Listing service to ensure that I am providing accurate data. If you are looking for a custom market analysis for your neighborhood or simply want more info from a Clyde Hill, WA realtor, feel free to give me a call. I would love to discuss your real estate needs!


Posted on September 25, 2017 at 8:00 pm
Britt Wibmer | Posted in Britts Picks |

Why Seattle Real Estate Is NOT In a Housing Bubble

With Seattle real estate making headlines across the nation, there are a lot of long time locals that are wondering if we are headed towards another housing bubble. In fact, there has been speculation about this all over the United States. Real estate in Seattle is moving quickly and prices are on the rise just as fast.  However, several industry experts have weighed in on this topic and are reassuring consumers that a housing bubble is not the current concern. Here is why:

1.) Lending standards are still not as lenient as they were. Yes, there are several different programs and loans available for almost every kind of buyer looking to purchase Seattle real estate. And yes, they have “loosened up” a bit in the past few years, but nowhere closed to being as relaxed as they were a decade ago.

2.) Contractors are not overbuilding. In fact, new construction (also known as housing starts) is still not catching up with buyer demand. Inventory is at an all time low across the nation right now and luxury Seattle real estate is no exception. With so much economic growth in the Pacific Northwest, and King County specifically, we have thousands moving to our region daily that are well employed and looking for homes to purchase. Until we get more Seattle homes for sale or new construction on the market, the demand will continue to stay high for probably another year or two to come. At least until new construction and housing supply can catch up with buyer demand. And in our region, there is a LOT of buyer demand.

3.) Housing prices are rising, yes, but for most of the United States, they are nowhere near the pre-recession peak. Trulia recently stated that only 34.2% of homes have surpassed their height of the market value. Luxury Seattle real estate has passed the pre-recession peak, yes. However, it is very important to note that homes for sale in Seattle, WA have actually stayed within what is considered a normal appreciation rate for this area. In fact, even if there was a crash, prices on real estate in Seattle would be pretty close to what they are at right now.

The housing bubble of last decade was a result of a high demand for homes due to people getting approved when they shouldn’t have been qualified. This caused for a surplus of new construction and prices that sky rocketed. The excess of housing flooding the market and serious lack of lending standards led to the crash that people are just now recovering from. With the stricter lending standards, low inventory and homes for sale in Seattle being priced based on market value, this shouldn’t be a concern for the immediate future. For more information on luxury Seattle real estate, give me a call. I would be happy to help you navigate this competitive market.


Posted on August 30, 2017 at 10:24 pm
Britt Wibmer | Posted in Britts Picks |

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