December 2015

There are 4 blog entries for December 2015.

King County’s housing market is showing no signs of the typical winter season slowdown, even with inventory at its lowest point in a decade. With nearly 1,500 fewer homes on the market in November than in October, sellers have less competition and are seeing “condensed traffic” at open houses, meaning only buyers who are serious about purchasing homes. As we typically see fewer buyers house searching during the holiday season, buyers may also find a slightly less competitive market in December.

Prices continue to rise, and the median sales price in King County was up to $499,950 in November (compared to $440,000 in October) a 13 percent increase over November 2014, according to statistics from the Northwest Multiple Listing Service (NWMLS). In

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According to a new report by The Seattle Times’ “FYI Guy” Gene Balk, construction trends continue to point to a ‘bigger is better’ mentality in much of the Seattle area. Balk’s data shows that between 2012 and 2014, 1,500 houses were demolished and replaced with much larger homes, 450 of which were approximately triple the square footage of the previous dwelling. Many of Seattle’s predominately residential neighborhoods consist of modestly sized Craftsmans or bungalow-style homes, but home buyers seem to be increasingly buying houses with the intent of tearing them down and starting from scratch or adding significant square footage. The average 1,546-square-foot teardown was replaced by a 3,219-square-foot home. According to Balk’s data, Eastside

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It’s no secret that Seattle’s housing market is one of the strongest in the nation, but what is a little surprising is the growth in the luxury homes sector. According to a recent story by the Puget Sound Business Journal, 537 homes sold for more than $1 million in just four Bellevue ZIP codes alone over the past year, 108 more than 2014 and an increase of 25 percent. 60 homes sold for over $3 million in those areas, up 43 percent over last year.

In Seattle as a whole, 901 homes have sold for $1 million or more so far in 2015, compared to 689 in 2014, according to statistics from the Northwest Multiple Listing Service. Of those sales, more than a quarter (241) occurred in the Central Seattle area comprising the neighborhoods south of the ship canal,

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Just listed in Hawthorne Hills, this spacious contemporary home lets in loads of natural light. The property’s mature trees provide privacy and a tree house-like view through its many windows. The main floor offers an open floor plan with bamboo floors; a wood-burning fireplace; updated kitchen with granite slab counters and stainless steel appliances; a family room; deck; and gorgeous views of the Cascades. Upstairs you’ll find a convenient laundry room, three bedrooms, a full bath, and a master suite with a three-quarter bath. The home’s fully finished daylight basement features a rec room, access to the yard, and a two-car carport. This home’s Northeast Seattle location makes it convenient to University Village, Magnuson Park, and Lake Washington.

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