A great article for any homeowner to prepare for tax season!
Thanks for sharing this info with us Island Group Sotheby’s International Realty!
Follow this link: http://www.houselogic.com/home-advice/tax-deductions/home-tax-deductions/
Category: Real Estate Market Data
Call to action!!!!!! Our King and Snohomish county markets desperately need more homes for sale!
To all my friends, family, and colleagues: An announcement.
Our market is literally overcome with buyers looking for a home to buy. In every city in our greater Seattle area, North, South, East or West. In both King and Snohomish counties, in every price point, in both single family, condominium and town home style homes. In fact, there are so many buyers, that homes are selling in days. Some are selling in hours! Almost all have multiple offers.
These buyers are paying far more than asking price, as they have been searching for so long with nothing to buy, they are literally pushing the market value up in price, daily. The competition is fierce out there.
That being said, we really need more inventory. If you currently own a home, and are curious as to what the current market value of that home is, please call me. It may very well be of a value that is beyond what you could have imagined. It would be a shame to waste such a hot sellers market, by simply not finding out.
If you or anyone you know is even remotely curious, please give them my contact information. Spread the word. I am always happy to give people a complimentary visit and home value analysis, even if it is just out of simple curiosity that they inquire. It is important for people to understand the value of their investments. Whether it is to sell, or to utilize the value in a different way, perhaps a remodel?
Feel free to call me directly, email me, facebook me, or message me on one of my online platforms. I am here to help.
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Erin Harold | Broker
Marketplace Sotheby’s Realty |
To remodel or not to remodel prior to selling? A great question.
This is a question I get asked almost daily by homeowners. In a seller’s market, it may not be a requirement to do these things, before you list, because the competition is so fierce to buy homes right now. Home buyers are willing to do this work for you, after they buy.
However, if you really do want a top dollar rate of return, for any remodel you do, make sure it is one that will pay you back when you do decide to sell.
Here is a great article from CBS news, that talks about the in’s and out’s of this concept.
http://www.cbsnews.com/media/top-10-remodeling-projects-for-adding-value-to-your-home/11/
The Marketplace Annual Report: Outstanding Market Performance in King + Snohomish Counties
| Outstanding Market Performance in King + Snohomish Counties |
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Desperation caused by lack of inventory – fueling buying frenzy
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 If ever there was a right time to sell your home,
IT IS NOW.
This is one of the strongest seller’s markets in our history in this greater Seattle metropolitan and its surrounding areas. Experts abound, and all are in agreement, that this shortage of inventory is the worst they have seen in decades.
How does that translate to you as a homeowner?
Buyers are lining up out the door to buy your home. Your home is desired. It is needed. It is valuable. If you have even been toying with the idea of a change of residence, whether it be to downsize, to relocate, to up-size or you simply have a desire for a change of scenery, now is the time to make the move. You will not believe just how valuable that home of yours really is. Whether your home is fixed up or not. Here are the facts:
– Homes are selling in days, some are selling in hours.
– 38% of all homes sold in 2015 were bought with cash.
– People who sold their home in King County in October reaped an average 48 percent gain over their original purchase price.
We have not even seen the typical mid-winter slowdown, of our typical market , this year at all. In fact, the market has become ravenous with even more buyers looking, and no inventory available to buy. Leading into the spring and summer, this will create a literal war-zone for potential buyers, fighting for the winning bid on your home and willing to spend above top dollar in order to reign supreme. That means: Money, in excess, for you as a seller.
Here are a few quick and relevant details I pulled from one of the two attached articles, both detailing this amazing market event:
Seattle and King County had 1.3 and two months’ worth of homes for sale, at the current sales pace, in January. That’s down from 1.6 months and 2.4 months a year ago. While the supply is up slightly from December, seasonal variation complicates month-to-month comparisons. Four to six months is generally considered balanced between buyers and sellers. “We just really are a fast growing city without enough inventory on the market,” said Alon Bassok, a research scientist at the Runstad Center for Real Estate Research at the University of Washington. “Limited inventory, in this case, means to me that we’re going to see prices go up even further.” In addition to the lack of homes currently for sale, the rental market is also tight and construction of new homes isn’t keeping pace with demand, Bassok said. “So there’s pressure on all sides.”In a listing service news release, George Moorhead, designated broker and owner at Bentley Properties, said: “The current inventory of homes available for sale has never been lower in my 22 years as a real estate broker.”Supply of houses for sale in Seattle remains tightGive me a call and I will provide you with a current market analysis of your home. I can help guide you down the path that will lead to the best possible result on the sale of your home.
Do not miss this hot market.
I look forward to helping you.
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The Perfect Home = Happy Clients
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Congratulations to my amazing clients, the Callahans! After exceptional preparation and with powerful negotiating skills, we succeeded in winning the bid for their dream home! The transaction closed on time and was a great success for both the buyer and the seller. Everyone was happy, including the selling agent who gave me such a nice compliment. “I wanted to express my sincere appreciation of your professionalism during our recent transaction. I so enjoyed you being available to the phone when needed, and your upbeat and timely transaction updates plus your efficiency with your paperwork. I always felt we were representing our clients well and facilitating a level of cooperation during the transaction necessary for all. I hope to get the pleasure of working together again soon!”Pam McCain, Managing Broker, John L. Scott, Covington, Wa.This may be the most fun I have had working with a family! Taking my clients on home tours, has always been one of my favorite things to do. We all had so much fun, even the kids got involved in understanding home values and picking just the right fit! This family was a good time. When we met at their new home to deliver the keys, my clients surprised me with a dozen beautiful roses, a glorious desert treat, lots of hugs and so many thank you’s. That is the best part of my job. Smiling, happy clients. If these are the results you would like to see in your next property purchase or sale, then give me call. My only goal is to ensure my clients have exceptional results, in an effortless fashion and have a smile on their face when it is all said and done. That is what I provide. Call me. The time to sell is right now. The time to buy is right now. Do not miss this hot market.
“The best part of my job is seeing my clients smile, when their dreams become their reality.” Extraordinary, Savvy, Results |
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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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MARKETPLACE SIGNIFICANT SALES | OCTOBER 2015
| Significant Sales of October |
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Fall in New York: Elegant, Inspiring, Stunning
Enjoy the splendor of everything New York has to offer.
Compliments of the renowned John Tenore Team:
Sotheby’s International Realty
149 Fifth Avenue
New York, NY 10010
+1 212.431.2473
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Seattle’s tech boom boosts luxury housing | A great article by HousingWire
Seattle’s tech boom boosts luxury housing
Homes priced above $1.5M surging
The technology boom is moving its way up the Pacific Coast, bringing a new surge in demand in housing for luxury homes listed at $1.5 million or more, an article in The Wall Street Journal said.
Real-estate agents say Seattle, the longtime home of software giant Microsoft and online-retailing behemoth Amazon, is attracting more technology firms because it offers a combination of local talent and lower housing prices than the tech centers of California.
The article explained that while the overall market is staying stable, luxury real estate prices downtown are growing.
For homes priced above $1.5 million, the average price a square foot was $494 in May, up 10% from the previous May. In 2013, Seattle’s population swelled to 652,405, up from 608,662 in 2010, according to census data.
This isn’t the only thing going on in Seattle housing. Real estate in the city could be on the verge of a seismic shift, thanks to a plan that’s working its way through the city’s governmental process.
According to a report from The Seattle Times, Seattle is considering a plan to do away with single-family zoning within the city and replace it with “lower density residential.”
Per the Seattle Times report, Seattle’s single-family zoning is a “defining feature of Seattle’s strong neighborhood feel,” and has been for more than 100 years.
Source: WSJ
http://www.wsj.com/articles/seattles-luxury-homes-get-a-tech-boom-boost-1436449162
The Marketplace Third Quarter Report: Check out how real estate adds up in your area.
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