Discover the Latest Trends in Our Spring Market Report
Category: Real Estate Market Data
Market Update
Over the past few years, the communities in our area have experienced consistently high list-to-sale price ratios, often surpassing 100%. This meant that properties were frequently selling for more than their listed prices. However, in recent times, there has been a noticeable shift in the market as list-to-sale price ratios are now trending towards 100% or slightly lower, even dropping to around 90% in certain areas.
This suggests a potential slowdown or stabilization in the real estate market, where sellers are no longer able to command prices significantly higher than their initial listings. In summary, the area has transitioned from a period of exceeding list prices to one where properties are selling closer to their listed values, indicating a possible shift in market dynamics.
Considering this and other aspects of our fluctuating market, it is more important than ever to work with a trusted real estate broker with demonstrated skill, knowledge, and experience. With all of those qualifications and the backing of the only truly global real estate network, nothing compares to Marketplace SIR agents to best represent your investment.
I would love to help you discover what’s next for your real estate journey, please feel free to reach out to me any time!
Best,
Erin
+1 2063268961
erin.harold@erinharold.com
MARKET UPDATE
In our local market, we’ve noticed an interesting trend: an increase in the Median Days-on-Market for the majority of communities. Let’s dive deeper into what this means and how it impacts buyers and sellers.
Median Days-on-Market is a crucial real estate metric that measures the time it takes for homes to sell. With the recent increase, it suggests that properties are staying on the market longer before finding a buyer in our area.
For sellers, this shift indicates the importance of strategic pricing, effective marketing, and making homes stand out in a competitive landscape. Understanding buyer preferences and working with experienced professionals can help navigate these changes and optimize the selling process.
Buyers, on the other hand, can benefit from the increased Median Days-on-Market. It provides them with more opportunities to explore available properties, negotiate favorable terms, and conduct thorough due diligence before making a decision.
At MSIR, we stay attuned to the local market trends. Our expertise in this evolving landscape empowers us to guide both buyers and sellers effectively, ensuring they make informed decisions that align with their goals.
For more detailed information on over 60 area communities, take a look at our latest Market Report!
Fall is the best time to buy and prepare for your sale!
Welcome Fall!Compliments of Erin Harold |
| Erin Harold BrokerMarketplace Sothebys International Realty 16261 Redmond Way Suite 150 Redmond, Washington 98052206.326.8961206.326.8961erin.harold@sothebysrealty.comwww.ErinHarold.com |
2018 Fourth Quarter – Stay in touch with how your real estate asset matches up.
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Happy Holidays – Just Sold – Thank You’s
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 Happy Holiday Wishes From Me and Santa!
Sending you happiness and joy this holiday season.
Make the most of every day and live life to the fullest.
Love each other as much as you can and spread joy wherever you go.
We wish the very best of all things to you and yours, in 2019!
Hmmmmmm……… I wonder what Santa’s house is valued at?
Let’s find out in a great little article from the SeattlePI.Com, see articles below.
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Just Sold Undisclosed Address
Off Market
Sold at: $475000
Congratulations to my amazing investor client, on this successful sale. I was able to assist him with procuring this property, at the very last minute on a Thursday late evening. It closed the following Wednesday, in just 4 business days from start to finish!
It is a solid investment opportunity for him to either flip, re-build, or re-sell to another builder.
Either way, a win for him. He was so pleased.
A record sale!
A repeat client. who I adore working with and always makes my job a lot of fun, thanks Mr. G! Also thank you Mr. Koepf, my excellent co-agent out of BIG SKY SIR in Montana, for working together with me on this, any many other properties. You are a pleasure to work with and I think we make a great team!
Another thank you to Teresa Jamieson at WFG National Title and Escrow and her escrow and title teams.
They are always so phenomenal at getting the job done!
Excellent work team!
Thanks to both of you for trusting me to help you with your sale.
It was my pleasure, sincerely.
I love my job!
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Thank You’s A Job Well Done! I always strive to do my very best in every property transaction for my clients. I go out of my way to assist them, try to always be available to them, to teach them and answer all their questions. Typically, I end up with life long clients and new friends from this process.
It always warms my heart when I get smiles, hugs and thank you’s.
I enjoy every minute working with my clients and ensuring that they succeed.
I work very hard to deliver exceptional results.
I was surprised this morning to open my front door to a Fed Ex delivery driver. I was shocked again, when the box he had in his arms was in fact for me. One of my all time favorite client families had gone out of their way to have a Holiday gift delivered to my front door, as a thank you for my dedication to their family.
I was overjoyed and so touched. As if I could adore them any more than I already do!!!
Thank you Mr. and Mrs. W and kiddos!
I am very honored by your faith in me and your kind words.
I look forward to our future working together.
Thank you to all of my clients, team members, staff, and especially to the Shriner family, for allowing me the support and opportunity to become a success.
I am proud to represent such an amazing group of people here at MSIR.
We are strong. We are the best. We are a team.
We are Markeplace Sotheby’s International Realty.
Come see what makes us the best.
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JUST SOLD – MARKET NEWS – OCTOBER 2018
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JUST SOLD
PRIVATE COUNTY ESTATE 19217 Maxwell Rd. SE, Maple, Valley, Washington 98038 SOLD over asking price at: $675,000 USA Congratulations to my seller on this gorgeous custom built property sale! I had the pleasure of helping my client sell this property twice! The first time, the original buyer backed out mere days before closing. However, I was able to procure my buyers earnest money for my seller, on that failed sale, and re-sell this property again in 3 days time for over asking price! It closed without a hitch and was our buyers dream home! I am proud to say, everyone is over joyed with the results. Working with my seller was the most fun I have had in ages, and I was proud to sell such a well built masterpiece for him. Always make sure when you buy or sell a property, that you have a broker who will fight for you if things go awry. It is always my pleasure to do so and to ensure my sellers and buyers are protected. I deliver real time results that matter. _____________________________________________________________________________ JUST SOLD
The Village at Lea Hill 12285 SE 311th St, Auburn, Wa. 98092 Sold over asking at: $335,588 It was an absolute honor to be asked to assist dear family friends with the sale of their investment property. It means a lot when people trust you to help them with a sale. It means even more, when they are close friends. They were an absolute pleasure to work with and I am so happy for their success. This property had a few hurdles to get to market, but thankfully I was able to help my clients expertly navigate around them with ease, and it closed without issue. Congratulations to both buyer and seller on this fantastic stand-alone dream condo. _____________________________________________________________________________ JUST PURCHASED
The Tremezzo Condominium 5000 30th Ave NE #105, Seattle 98105 Successfully wining a multiple offer bid at: $550,500 This property was found while browsing through my inbox emails from one of my colleague connections. I recognized that it would be perfect for a dear friend who was searching for something just like it, in order to expand her quickly growing business. I had this property in front of her within minutes of discovering it, and met her onsite shortly thereafter. It was a successful match! I worked quickly, and fought hard to help her succeed in beating out all other offers on the table. After securing her next business location, it closed without issue and all parties were elated with the results. I was honored again to be asked by a friend to assist with such an important step in their lives. She was an absolute dream to work with, and It was my pleasure to help her business grow. All the best with your future successes my friend, with many more to come. _____________________________________________________________________________ Does your broker make you feel important?
Do they answer the phone when you call?
Do they instill confidence in you?
Do they work hard to ensure your success?
No?
Then why do you work with them?
Call me, my clients matter.
I look forward to meeting you.
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| Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office is Independently Owned and Operated. |
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JUST LISTED – OPEN HOUSES – AUGUST 18-19 2018
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– JUST LISTED – The Village at Lea Hill 12285 SE 311th St, Auburn, Wa. 98092 Offered at: $328,588 MLS #: 1347182
PRICE DROP – Motivated sellers – This rare, stand-alone condominium unit is tucked away in a private corner of this sought after village. Backing up to a green space, it artfully combines peace and tranquility with a convenient location. It lives like a private home, yet offers all of the comforting amenities a condominium community provides.
It boasts 3 bedrooms, 2.5 baths, a living room, dining room and kitchen, and a full laundry room. One of the only units with a private, fenced back yard, with stone patio, it also provides ample storage inside, and a full 2 car garage with a private driveway.
Fully updated interior with new carpet, new paint, and new flooring, this unit is top of the line.
This one will not last. Come experience your new private retreat.
OPEN HOUSE: August 19, 2018: 3:00 pm – 6:00 pm
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BACK ON MARKET
PRIVATE COUNTY ESTATE 19217 Maxwell Rd. SE, Maple, Valley, Washington 98038 Offered at: $665,889 USA
This custom estate is back on the market. The buyer got cold feet, 1 day before closing. The good news for your buyer is, they get another shot at this popular property and it has appraised for well above the listed asking price.
This custom estate is located at the end of a secure, gated drive. Surrounded in picturesque tranquility, this luxury, remodeled home offers ample space and high end finishes throughout. This property sale boasts a 3020 sq ft. with 111,445 sq ft. double lot split between two large parcels. Located within the sought after Tahoma school district, this kind of privacy is very rare when combined with commuting convenience.
It is perfectly tucked away and surrounded by tranquil views and scenic wildlife. Enjoy hummingbird, deer and butterflies, from the view through every window. State of the art heating, water and septic system are just a few of the extra upgrades offered here.
Boasting 3 beds, 3 full baths, and 3 bonus rooms, the possibilities here are endless. It has been 100% remodeled with luxury finishes inside and lush surrounding grounds. Just a few of the additional features includes a sprinkler system, central AC, hard-wired fire and security systems, a state of the art water filtration system, and it is also wired for a generator. To add yet another element to this fantastic property, it is also close to parks, hiking and biking trails, and the popular shopping, dining and entertainment centers.
This one will not last. Come experience serenity in nature.
OPEN HOUSE: August 18, 2018: 11:00 pm – 1:00 pm
_____________________________________________________________________________ Does your broker make you feel important?
Do they answer the phone when you call?
Do they instill confidence in you?
Do they work hard to ensure your success?
No?
Then why do you work with them?
Call me, my clients matter.
I look forward to meeting you.
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CALLING ALL BUYERS AND SELLERS !!!
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 Why It Makes Sense to Buy a Home at Year’s End1. Less Competition – There may be fewer homes available, but there are also fewer home buyers and that equals less competition for you.
2. Motivated Sellers – Combine motivated sellers with decreased competition and you have great leverage to get a better deal.
3. Lower Prices – December historically has lower home prices than any other month of the year.
4. Faster Closings – As a general rule, everyone involved in a holiday real estate transaction wants to complete the transaction before the end of the year.
5. Better Interest Rates – Interest rates are still near historical lows, so you may be surprised at the savings.
6. Motivated Agents – Lower activity in the Winter housing market means that real estate agents are dealing with fewer clients and have more time to devote to you.
7. Related Seasonal Sales – Need new furniture or other items for your new home? Plenty of seasonal clearance sales will be available to help you apply your personal touch.
This article from MoneyTips.com, is a great example of why you should definitely buy a home this time of year. Follow the link below for the full article.
A NOTE TO BUYERS:
Make sure you have a strong agent with advanced education and exceptional negotiating experience to help you in your search for a new home.
As one of the top agents in our area, I will ensure you are a success in this competitive buyers market, every time.
___________________________________________________________________________ HOME OWNERS: THE TIME TO SELL, IS NOW.
2017 was, yet again, a strong seller’s market! Our real estate continues to increase in price, keeping the Seattle metropolitan and its surrounding areas at the top of our Nations real estate markets. Experts agree that the shortage of inventory continues to create this result. Looking forward to 2018, this trend has shown no signs of changing in that respect. This abundance of savvy buyers are still looking, there simply is not enough out there for them to buy.
How does that translate to you as a homeowner?
Spring may still be peak home-shopping season, since most families want to move when the kids are out of school. Yet, it actually pays to list in the winter, when buyers tend to have more urgency: One study found that average sellers net more above asking price during the months of December, January, February, and March than they do from June through November, and homes listed in the Winter sold faster than those posted in the Spring.
That means: Now is the time to sell your home!
Buyers want to buy it and you should absolutely take advantage of that demand.
Not sure where you will go?
As a Sotheby’s International Realty agent, I can help you buy nearly everywhere in the world, not just locally. I will assist you with planning ahead, to ensure that new home transition is both smooth and effortless for you and your family.
So, dream big and let’s make your dreams a realty together.
Give me a call and I will provide you with a current market analysis of your home and help guide you down the path to success.
Whether you are selling a single family home, or a commercial investment property,
I am your perfect agent.
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Does your broker make you feel important?
Do they answer the phone when you call?
Do they instill confidence in you?
Do they work hard to ensure your success?
No?
Then why do you work with them?
Call me, my clients matter.
I look forward to meeting you.
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Live Interview on what it takes to successfully prepare a listing for sale.
Do you want to know more about the steps to take, in order to have a successful listing?
Check out my interview on the subject with
The Organizing Expert, Kammie Lisenby.
To view the video, click on the photo below.
6 September at 15:53 ·
Book Interview with Erin Harold of Marketplace Sotheby’s International Realty.