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King County Real Estate Market Update

According to Lennox Scott, in Washington, John L. Scott is selling virtually all new listings; many with multiple offers in all the market areas of King, Snohomish, Pierce and Kitsap counties in the price range where 90% of the sales activity i...

King County Home Prices, On the Rise

As we head toward the end of the 4th quarter and into the holidays, the mantra of low inventory still prevails. Last month's housing inventory around western Washington fell to its lowest level since February 2006, down 30% from this time last ...

Seattle-Bellevue-Everett Prices Firming

7 Metros Where List Prices Soared Last Month Daily Real Estate News | Wednesday, April 18, 2012Nationwide median list prices rose more than 5 percent in March compared to February, according to Realtor.com housing data of 146 markets. The media...

August Update

There has been a great deal in the news to cover lately with the stock market's wild swings, unemployment ticking up slightly, down grading of US debt to AA+, housing market news and the Fed's announcement to not raise rates for 2 years. We h...

Multiple Offers are Back?

We are seeing some healthy late spring selling in our local area, the first in a couple of years that has not been propped up by government intervention. We've been building momentum for a couple of months as inventories have been low and with ...

Multiple Offers and Inventory Shortage? What’s Up?

In a recent John L Scott Luxury Portfolio meeting, some new and interesting data is immerging in what has been the most devastating real estate market in decades. After the double dip last spring into fall caused by the tax credits that pushed ...

Back to School; Market Update

According the Northwest MLS recent report for August activity, value is what’s selling in the current housing market. Offers accepted were up 8.4 % from July, (a good sign as August is generally one of our slowest months) but off nearly 20% f...

Home Sales for July Fall to 15 year Low

The National Association of Realtors said sales of existing homes fell to a 15-year low in July (off 25% from July 2009) and new home sales are off 80% from the peak 5 years ago; those are some staggering headlines we've been seeing in the last...

“Not as bad as some think; not as good as some would like”

That was the tag line for the NWMLS as the numbers for July came out. It appears consumers are stuck in uncertainty surrounding the world's economic concerns, our lack of jobs and the rollercoaster of the stock market. They seem to be hunkering...

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