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October 26, 2006
September 2006 Statistics
Snohomish County
Residential sales volume for September 2006 decreased 12% from August 2006
All Sales 2006 (vs. Year-to-date 2005)
- Residential sales volume: up 22% to $5.4 billion
- Residential transactions: up 5% with 14,954
- Mobile home sales on land: up 29% to $107 million
- Plexes (2-5 units) sales: up 27% to $133 million
- Land sales: up 82% to $640 million
- Commercial volume: off 10% to $839 million
- Average residence: $359,043, up 16%
King County
Residential sales volume for September 2006 decreased 19% from August 2006
All Sales (vs. Year-to-date 2005)
- Residential sales volume: up 15% to $16.5 billion
- Residential transactions: up 4% with 36,701
- Mobile home sales on land: up 17% to $58 million
- Plexes (2-5 units) sales: unchanged at $410 million
- Land sales: increased 47% to $899 million
- Commercial volume: up 49% to $4.5 billion
- Average residence: $446,609, up 11%
Posted by beaubetts at 10:26 AM | Comments (0) | TrackBack
October 24, 2006
Third Quarter 2006 Western Washington Real Estate Market Update
From the office of Lennox Scott (John L. Scott CEO):
“The real estate crash many predicted and feared has been highly overestimated,” John L. Scott Chairman and CEO J. Lennox Scott recently said. In Western Washington, where home prices increased by double-digit percentages in most areas during each month of the 2006 third quarter, this is proving to be true.
During July, the seventeen counties served by the NWMLS saw an average of a 15.5 percent increase in home sales prices over the same time last year. That figure was the sharpest gain for any month in 2006 thus far. Snohomish County saw prices jump over 18 percent. “We’re still clicking along at a good pace,” D’Ann Jackson, president of the Seattle-King County Association of Realtors® commented. “The key for sellers right now is accurate pricing.” Indicators show that overpriced homes are being regularly overlooked by buyers.
August saw a 9.4 percent increase in sales, or 857 more transactions, over July, as well as steadily increasing prices. High gas prices, proximity to job centers, and affordability have helped condominiums to become a large factor in the market. Some brokerages estimate that condos now account for 30 percent of sales.
In September, prices continued to increase, though at a more moderate pace. Nine of the counties served by the NWMLS saw double digit gains. “We’re seeing far more equilibrium between buyers and sellers than we did earlier this year,” John L. Scott President Joe Spencer said. In King County, the median price of a home was $380,000. Despite news of a slowing market around the country, economists predict a “soft landing” for the real estate industry, particularly in the Pacific Northwest where the market is on pace for the second best sales year in history. With the Office of Financial Management predicting 95,000 new jobs in the state of Washington this year, in-migration will continue to play a large factor in the continued strong market here.
Posted by beaubetts at 11:55 AM | Comments (1) | TrackBack
October 16, 2006
Townhome Just Minutes to Microsoft
Just minutes to the Microsoft campus, a short distance to retail/dining and only a trail away from outdoor activities at Jonathan Hartman Park, this end-unit townhome is situated next to a large green space and provides the privacy and solitude you desire. An impeccable home featuring 10' vaulted ceilings, natural gas heat, fireplace, kitchen w/ eating area that overlooks the greenbelt and deck, master suite, laundry utility space and a full 2 car garage. A park-like setting in an urban area.
Price: $410,000
Bedrooms: 3
Bathrooms: 2.5
2 Stories
Square Footage: 1364
Year Built: 1997
For a tour of this home please contact Beau Betts:
email - beaubetts@johnlscott.com
mobile- 206-953-BEAU
Beau Betts provides Redmond real estate services. Contact Beau Betts in order to sell a Redmond home or Redmond condominium property for the best possible price....quickly and professionally.
Posted by beaubetts at 11:21 AM | Comments (0) | TrackBack
October 14, 2006
Edmonds Bowl Home Tour
Sunday October 15, 2006
1pm to 4pm
John L. Scott will be hosting an open house tour tomorrow. If you are interested in buying in the Edmonds Bowl area or want to visit this great downtown community tomorrow, come by and take a look at these fantastic homes.
Posted by beaubetts at 1:07 PM | Comments (0) | TrackBack
October 4, 2006
Things To Do in Snohomish County
Looking for something new to do this weekend? Check out what these "movers and shakers" of Snohomish County recommend.
Posted by beaubetts at 12:38 PM | Comments (0) | TrackBack
