Open Houses: Friday, February 27th through Sunday, March 1st, 2015

I’ve had a few people ask me if Daylight Savings starts this weekend.  I just looked it up, and thankfully it does not start until next weekend, Sunday March 8th. I am walking the Seattle Hot Chocolate 15 K with a friend, and have to be at Seattle Center at o’dark thirty, so I am glad I will not be losing an hour of sleep! If you need to travel around Seattle Center this weekend, be aware that the Hot Chocolate Expo is on Friday and Saturday, at the Exhibition Hall, and then race day is on Sunday. That could make navigation around this area, and parking, more congested than normal. Here’s the course through Seattle for race day: click here. Do you have any brunch suggestions for post race? I know my friend and I will be quite hungry after the race! Please share your suggestions in the comment section.

Sold By Windermere It seems like our local housing marker has been in race mode as well. Those homes that come to market well priced and show ready are getting snapped up at record speeds. This brisk activity is bringing some potential sellers out of their shell and new listings have been coming to market. Brokers from Windermere Mercer Island will be super busy holding open houses this weekend, even Friday ones! Details about them are below, by city. FYI–most of these listings were listed within the past week.

Have a fun, fabulous weekend!

Ballard
$750,000 l 745243 l 1471 NW 77th St l Video Tour l Andrea Iverson l Saturday February 28th, and Sunday March 1st, 1-4pm

Bellevue
$1,200,000 l 744756 l 2641 110th Ave NE l Video Tour l Brian Rosso l Friday February 27th and Saturday February 28th, 1-4pm; Sunday March 1st, 1-3pm

Capitol Hill
$798,000 l 747596 l 1505 11 Ave #401 l Video Tour l Andrew Jackson l Saturday February 28th 10am-12pm and Sunday March 1st 1-4pm

Mercer Island
$899,000 l 743124 l 6760 81st Ave SE, Mercer Island l Video Tour l Donovan Realty Group l Saturday February 28th, and Sunday March 1st, 1-4pm

$1,200,000 l 738224 l 9376 SE 46th St l Video Tour l Cynthia Schoonmaker, Saturday February 28th l hosted by Kathryn Lerner, Sunday March 1st, 1-4pm

$1,639,000 l 746363 l 7431 W Mercer Wy l hosted by James Laurie l Friday February 27th 3-7pm and Saturday February 28th 12-4pm

West Seattle
$479,000 l 743576 l 6016 29th Ave SW l Video Tour l Molly Neary l Sunday March 1st, 1-4pm

The Mercer Island Open House List is ready to print from this blog post! There are 20 open houses this weekend on Saturday, February 28th and Sunday, March 1st. Don’t miss all these beautiful homes!

Open House List_Page_1

Infographic On Optimal Lengths For Social Media Updates & Content

Social media is a terrific way for real estate brokers to share helpful and useful information with their clients. But how can a broker make sure that the updates and content he/she is creating will make it to the most eyeballs possible? BufferSocial published an incredibly informative blog post regarding optimal length for various social media updates and content you create. The blog post, while lengthy, is well worth reading if you are trying to establish a marketing plan on a specific social media platform, or freshen up your approach on ones you’re already using. Author Kevan Lee states in the blog post,”Take these as best practices, as jumping off points, as ideas to iterate on. Put them to the test, and see what is right for you.”

Our real estate market is hopping right now, so if you only have a couple of minutes and/or want to print out the infographic to use later check out SumAll’s correlating blog post on this subject featuring the printable .pdf . SumAll estimates the blog post takes about 2 minutes to read!

I hope you find this infographic to be as helpful as I’ve found it to be. Enjoy!

The Optimal Length of Everything Online

Infographic courtesy of buffersocial. Thanks for sharing!

Seattle Economy and Housing Market Snapshot

Originally posted on Seattle Spaces & Places:

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Local economist, Matthew Gardner, of Gardner Economics, stopped by our Premier Properties networking breakfast this morning to share his thoughts on the local economy and housing market. The long of the short of it is that the Seattle area economy is doing better than most. We have declining unemployment, positive job growth, and an expanding economy. Companies like Facebook and SpaceEx agree, which is why they’re not only opening up Seattle area offices, but making bold statements about their plans to grow. All of this is well and good, but as Mr. Gardner pointed out, it’s adding pressure to an already tight housing market where there isn’t nearly enough supply to meet the demand. So far this year, the lack of inventory is having a somewhat negative impact on sales, but not on prices; they continue to appreciate at a healthy pace. The one thing our market is missing?…

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A 5-Year Outlook

Originally posted on Windermere Eastside:

Home-price-expectancyWith inventory presently below historically normal levels, current & future home prices have been the topic of many real estate conversations. The most recent Home Price Expectation Survey was just released; giving insight into where experts believe prices will be leading up to 2019.

Home Price Expectation Survey

Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

Here are some highlights from their latest survey:

  • Home values will appreciate by 4.4% in 2015.
  • The cumulative appreciation will be 19.3% by 2019.
  • That means the average annual appreciation will be 3.6% over the next 5 years.
  • Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 11.7% by…

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Seattle area real estate report for 2/20/15

Originally posted on Weekly Property Report:

A huge peak in pending sale activity this week in spite of mid-winter break for most area school districts. A sign of things to come?

Click the icons below to view local real estate activity reports for Seattle and Eastside Neighborhoods.

140-West-Seattle380-385-South-Seattle

390-Central-Seattle700-Queen-Anne

705-Ballard-Greenlake710-North-Seattle

350-Renton-Highlands500-Eastside-South

510-Mercer-Island520-West-Bellevue

530-East-Bellevue540-East-of-Lk-Samm

550-Redmond-Carnation560-Kirkland-Bridle-Trails

600-Juanita-Woodinville

© Copyright 2011-2015, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

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February Perspectives: Months Supply Of Homes

content_JacobiKidsCouchIf you’re in the market to buy or sell a home, or you’re just a real estate junkie at heart, you may have heard the term “months supply” used by real estate agents or the media when discussing the housing market. For example, right now there’s about a 1.4 month supply of homes for sale in King County, and less than a month’s supply in a lot of Seattle neighborhoods. But what does that mean and why does it matter? Believe it or not, the months supply of homes is probably one of the best indicators of what’s going on in the market. But before we get into that, we’ll start by explaining what it is.

The months supply is the measure of how many months it would take for all the homes that are on the market to sell given the current pace of home sales. So, if there are 50 homes on the market, and 10 homes are selling every month, then there is a five month supply of homes. The general rule is that if there is less than a three month supply, it’s a seller’s market; a three-to-six month supply is considered a balanced market; a six-plus month supply shifts into a buyer’s market. It’s all about supply and demand.

It’s no secret that Seattle is in the midst of a seller’s market and competition between buyers is fierce. This often results in bidding wars and homes selling for well over asking price. Last year this helped push prices up by more than 10% in the Seattle area. We all like to see our homes go up in value, but market extremes over the long term can lead to a boom/bust cycle like we saw back in 2006 and 2007. That’s why we’re happy that appreciation this year is expected to slow a little to around 4-6%. Months supply is also supposed to rise, leading us towards a healthier, more balanced housing market.

Originally posted on Windermere Blog by Jill Jacobi Wood, OB Jacobi & Geoff Wood

NOTE: To stay informed of the home sales activity in your neighborhood, please contact a Windermere Mercer Island Real Estate broker and request to be signed up for Windermere’s Neighborhood News e-newsletter. Neighborhood News is zip code specific and a terrific, local real estate market resource conveniently delivered to your inbox once a month.

Top Ten Common Repair Costs

Woman-PaintingThis HouseLogic article by Lisa Kaplan Gordon covers the top 10 common home repairs most homes will eventually require. The article includes a brief synopsis of the job and estimated costs for labor and materials. This is important homeowner information whether you are a 1st time home buyer or a seasoned homeowner. I hope you find the article helpful. Let me know which repair job surprises you; share in the comment section. Thanks!

  • Top 10 Common Repair Costs

    In the life of every home, repairs happen. Here are the top 10 most common repairs that, sooner or later, your house will require. Read

Visit houselogic.com for more articles like this.

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