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January 31, 2022
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Reminder: COVID-19 ProtocolRequirements for In-Person ActivitiesNWMLS has received numerous calls about the current COVID-19 protocol for in-person activities. Please note: The protocol has not changed since August 2021.
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January 30, 2022
HOME SALES IN SEATTLE AND WHY IT EFFECTS YOU
It's slow. Inventory is very low yet the army of wanna be home buyers continues to grow. But that is not so unusual for this time of year. The real estate market in this region typically slows down until the spring. But then you know what happens. More homes come on the market and the frenzied competition begins.
So here's a thought. Guess who usually wins on submitting their offer. Who is usually more prepared when it's crunch time? Who has the edge? It's the Buyer who is well prepared and who has been guided by the local experienced Broker. If you're seriously wanting to be a homeowner then I strongly suggest that you form a relationship with the local Realtor now. Waiting until the spring puts you at the end of the line. If you want to win in this seattle real estate market then you need a Realtor to get you prepared.
So if you're ready to work with a full time broker with years of experience just shoot me an email or call me at 206-431-5900. I am always ready to help.....Stay dry and be safe out there. Brian Wiegand Owner/SeattleHome.com
January 24, 2022
- So This is what happened in our real estate market in 2021
- There were 107,354 closed real estate transactions of condominiums and single family homes with a total value of $75 million dollars.
- The average sales price of houses and condos was $565k.
- NWMLS Real estate Brokers added 117,948 listings over the course of the year with an increase of 7,349 listings over 2020.
- By the end of 2021 there was only an average of two weeks supply of house and condos for sale, which is much less than the 4 to 6 months average inventory.
"Seattle and Bellevue Real Estate Prices Are Actually A Bargain"
So here we are. It's January 2022. The pandemic (with a small p) is still with us. We the people are still very polarized over political differences, to mask or not to mask, vaxmania. Major world powers are flexing in a belligerent way......and yet the Seattle real estate beat goes on.
I'm trying to have a "big picture" perspective on our local real estate market, but there are too many shiny things that keep getting in the way. Yet, when I manage to step back and focus on what is and what isn't, I keep coming back to the same conclusion... not necessarily yours or anyone else's. But my bottom line is this:
OUR GREATER SEATTLE AND SURROUNDING REAL ESTATE MARKET IS STRONG AND EXPECTED TO REMAIN SO
Yes, I know. A bold statement in bold type. But as I said, it's my opinion after over 20 years as a full time Broker in this market.
Here's how I got there. Interest rates are still at an all time low. It wasn't many years ago that rates were almost double what they are now. And guess what. Folks were still buying houses and condos at those rates. Now we have in greater Puget Sound so many of the dot coms that continue to expand and hire high priced talent. Those techy's move here and need a place to live. A major cause of our housing shortage, but not the only one.
And interest rates are still low. People with healthy incomes move here, buy homes and and this is what drives our real estate market up. There's simply not enough homes to go around, so when one comes on the market, well, it gets bid up, and this sets the benchmark for the house across the street when it comes on the market...and so on.
Add to this that this ex New Yorker believes that our local Seattle and Bellevue real estate prices are actually a bargain. Did your head explode? The fact is that New York and San Fransisco and all of the other major cities have much more expensive real estate than Seattle. This is not a right or wrong issue, it's just reailty.
Those who purchased homes here only 10 years ago have seen their property values double. So no need to go on about this. If I were you I would buy a home in Seattle or Bellevue ( or anywhere) sooner or later. Oh, and by the way, did I mention that rental prices are going up as well? So bite the bullet. Take the plunge. Get yours while you can.
I'm Brian Wiegand, Broker/Owner of SeattleHome.com and SeattleCondo.com. If you wish to talk about buying or selling a home just call or email me. Always happy to help. Keep the faith.
Brian Wiegand, Broker/Owner www.SeattleHome.com www.SeattleCondo.com
Carl Self - The Seattle Mortgage Professor
Seattle Real Estate Market Weekly Update - December 28, 2021
Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different. Please contact us for a report on your local area if you're thinking of buying or selling.
Seattle Real Estate Market:
Buy Price in Seattle: $43.6k - $16m
This area has 710 homes for sale
Nearby neighborhoods:
Magnolia - Buy: $99.95k - $5.63m ; 14 homes for sale
Capitol Hill - Buy: $249k - $5.5m ; 32 homes for sale
Wallingford - Buy: $265k - $1.95m ; 20 homes for sale
Greenwood - Buy: $349.5k - $1.67m ; 5 homes for sale
Downtown - Buy: $415k - $9.5m ; 32 homes for sale
South Beacon Hill - Buy: $375.2k - $717k ; 11 homes for sale
Belltown - Buy: $355.9k - $6.89m ; 44 homes for sale
Admiral - Buy: $189k - $3.5m ; 11 homes for sale
North Beacon Hill - Buy: $290k - $3.4m ; 12 homes for sale
Fremont - Buy: $325k - $3.75m ; 10 homes for sale
Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.
The #1 Sales Team For Seattle's #1 Full Service Sale Office
Seattle Real Estate Market Weekly Update - December 21, 2021
Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different. Please contact us for a report on your local area if you're thinking of buying or selling.
Seattle Real Estate Market:
Buy Price in Seattle: $17k - $16m
This area has 803 homes for sale
Nearby neighborhoods:
Magnolia - Buy: $99.95k - $5.63m ; 15 homes for sale
Capitol Hill - Buy: $249k - $5.5m ; 33 homes for sale
Wallingford - Buy: $132k - $1.95m ; 24 homes for sale
Greenwood - Buy: $349.5k - $1.67m ; 5 homes for sale
Downtown - Buy: $415k - $9.5m ; 33 homes for sale
South Beacon Hill - Buy: $375.2k - $720k ; 12 homes for sale
Belltown - Buy: $355.9k - $6.89m ; 43 homes for sale
Admiral - Buy: $189k - $3.5m ; 11 homes for sale
North Beacon Hill - Buy: $290k - $3.4m ; 14 homes for sale
Fremont - Buy: $325k - $3.75m ; 14 homes for sale
Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.
The #1 Sales Team For Seattle's #1 Full Service Sale Office
Seattle Real Estate Market Weekly Update - December 15, 2021
Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different. Please contact us for a report on your local area if you're thinking of buying or selling.
Seattle Real Estate Market:
Buy Price in Seattle: $22k - $16m
This area has 881 homes for sale
Nearby neighborhoods:
Magnolia - Buy: $99.95k - $5.63m ; 18 homes for sale
Capitol Hill - Buy: $249k - $5.5m ; 41 homes for sale
Wallingford - Buy: $132k - $1.95m ; 21 homes for sale
Greenwood - Buy: $349.5k - $1.67m ; 6 homes for sale
Downtown - Buy: $415k - $9.5m ; 37 homes for sale
South Beacon Hill - Buy: $375.2k - $720k ; 12 homes for sale
Belltown - Buy: $355.9k - $6.89m ; 43 homes for sale
Admiral - Buy: $189k - $3.5m ; 11 homes for sale
North Beacon Hill - Buy: $290k - $3.4m ; 19 homes for sale
Fremont - Buy: $325k - $3.75m ; 14 homes for sale
Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.
The #1 Sales Team For Seattle's #1 Full Service Sale Office
Seattle Real Estate Market Weekly Update - December 08, 2021
Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different. Please contact us for a report on your local area if you're thinking of buying or selling.
Seattle Real Estate Market:
Buy Price in Seattle: $59k - $16m
This area has 953 homes for sale
Nearby neighborhoods:
Magnolia - Buy: $99.95k - $5.63m ; 17 homes for sale
Capitol Hill - Buy: $249k - $5.5m ; 46 homes for sale
Wallingford - Buy: $132k - $1.95m ; 20 homes for sale
Greenwood - Buy: $289.9k - $1.67m ; 12 homes for sale
Downtown - Buy: $415k - $9.5m ; 35 homes for sale
South Beacon Hill - Buy: $375.2k - $720k ; 13 homes for sale
Belltown - Buy: $355.9k - $6.89m ; 51 homes for sale
Admiral - Buy: $189k - $3.5m ; 15 homes for sale
North Beacon Hill - Buy: $290k - $3.4m ; 20 homes for sale
Fremont - Buy: $325k - $3.75m ; 12 homes for sale
Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.
The #1 Sales Team For Seattle's #1 Full Service Sale Office
Seattle Real Estate Market Weekly Update - December 01, 2021
Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different. Please contact us for a report on your local area if you're thinking of buying or selling.
Seattle Real Estate Market:
Buy Price in Seattle: $59k - $16m
This area has 1,003 homes for sale
Nearby neighborhoods:
Magnolia - Buy: $99.95k - $5.63m ; 17 homes for sale
Capitol Hill - Buy: $249k - $5.5m ; 51 homes for sale
Wallingford - Buy: $132k - $2.16m ; 22 homes for sale
Greenwood - Buy: $365k - $1.67m ; 12 homes for sale
Downtown - Buy: $415k - $9.5m ; 38 homes for sale
South Beacon Hill - Buy: $375.2k - $720k ; 11 homes for sale
Belltown - Buy: $370k - $6.89m ; 52 homes for sale
Admiral - Buy: $189k - $3.5m ; 19 homes for sale
North Beacon Hill - Buy: $290k - $3.4m ; 20 homes for sale
Fremont - Buy: $325k - $3.75m ; 13 homes for sale
Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.
The #1 Sales Team For Seattle's #1 Full Service Sale Office
Seattle Real Estate Market Weekly Update - November 26, 2021
Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different. Please contact us for a report on your local area if you're thinking of buying or selling.
Seattle Real Estate Market:
Buy Price in Seattle: $50k - $19.8m
This area has 1,076 homes for sale
Nearby neighborhoods:
Magnolia - Buy: $99.95k - $5.63m ; 17 homes for sale
Capitol Hill - Buy: $249k - $5.5m ; 56 homes for sale
Wallingford - Buy: $132k - $2.16m ; 20 homes for sale
Greenwood - Buy: $365k - $1.67m ; 15 homes for sale
Downtown - Buy: $415k - $9.5m ; 37 homes for sale
South Beacon Hill - Buy: $375.2k - $1.4m ; 12 homes for sale
Belltown - Buy: $370k - $6.89m ; 54 homes for sale
Admiral - Buy: $189k - $3.1m ; 19 homes for sale
North Beacon Hill - Buy: $290k - $3.1m ; 23 homes for sale
Fremont - Buy: $325k - $3.75m ; 17 homes for sale
Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.
The #1 Sales Team For Seattle's #1 Full Service Sale Office
Seattle Real Estate Market Weekly Update - November 17, 2021
Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different. Please contact us for a report on your local area if you're thinking of buying or selling.
Seattle Real Estate Market:
Buy Price in Seattle: $50k - $27.5m
This area has 1,262 homes for sale
Nearby neighborhoods:
Magnolia - Buy: $99.95k - $5.63m ; 19 homes for sale
Capitol Hill - Buy: $297k - $5.5m ; 64 homes for sale
Wallingford - Buy: $132k - $2.68m ; 25 homes for sale
Greenwood - Buy: $289.9k - $1.67m ; 20 homes for sale
Downtown - Buy: $434k - $9.75m ; 39 homes for sale
South Beacon Hill - Buy: $544.9k - $1.4m ; 12 homes for sale
Belltown - Buy: $370k - $6.89m ; 57 homes for sale
Admiral - Buy: $189k - $3.1m ; 20 homes for sale
North Beacon Hill - Buy: $290k - $3.4m ; 23 homes for sale
Fremont - Buy: $325k - $3.75m ; 18 homes for sale
Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.
The #1 Sales Team For Seattle's #1 Full Service Sale Office
Seattle Real Estate Market Weekly Update - November 10, 2021
Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different. Please contact us for a report on your local area if you're thinking of buying or selling.
Seattle Real Estate Market:
Buy Price in Seattle: $50k - $27.5m
This area has 1,330 homes for sale
Nearby neighborhoods:
Magnolia - Buy: $99.95k - $5.63m ; 22 homes for sale
Capitol Hill - Buy: $289k - $5.5m ; 67 homes for sale
Wallingford - Buy: $132k - $2.68m ; 29 homes for sale
Greenwood - Buy: $289.9k - $1.67m ; 25 homes for sale
Downtown - Buy: $434k - $9.75m ; 41 homes for sale
South Beacon Hill - Buy: $337.5k - $1.4m ; 17 homes for sale
Belltown - Buy: $329k - $6.89m ; 55 homes for sale
Admiral - Buy: $189k - $3.1m ; 21 homes for sale
North Beacon Hill - Buy: $290k - $3.4m ; 22 homes for sale
Fremont - Buy: $325k - $3.75m ; 22 homes for sale
Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.
The #1 Sales Team For Seattle's #1 Full Service Sale Office
Seattle Real Estate Market Weekly Update - November 03, 2021
Here is our quick weekly update for the Seattle real estate market. These stats cover the greater Seattle metro, but individual cities and neighborhoods may be significantly different. Please contact us for a report on your local area if you're thinking of buying or selling.
Seattle Real Estate Market:
Buy Price in Seattle: $50k - $27.5m
This area has 1,413 homes for sale
Nearby neighborhoods:
Magnolia - Buy: $99.95k - $5.63m ; 23 homes for sale
Capitol Hill - Buy: $275k - $7m ; 71 homes for sale
Wallingford - Buy: $132k - $2.77m ; 26 homes for sale
Greenwood - Buy: $292.9k - $1.67m ; 24 homes for sale
Downtown - Buy: $434k - $9.75m ; 41 homes for sale
South Beacon Hill - Buy: $541.3k - $1.4m ; 12 homes for sale
Belltown - Buy: $370k - $6.89m ; 58 homes for sale
Admiral - Buy: $189k - $3.1m ; 20 homes for sale
North Beacon Hill - Buy: $290k - $2.82m ; 18 homes for sale
Fremont - Buy: $325k - $3.75m ; 19 homes for sale
Give us a call or send us an email if you'd like more detailed information on your neighborhood, what your home's value is today, or to receive automatic emails when new listings go live in your neighborhood.
The #1 Sales Team For Seattle's #1 Full Service Sale Office
Seattle Homes Group
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