As I end the third week at with my kids and begin to live with what appears to be the new normal for a while — I can finally wrap my head around what we’re up against — okay not totally — however, I can tell where we are today! This week we entered a new realm — a new state of the Real Estate market that I’m not sure has ever been experienced before ( at least not in the 10 years that’s I’ve been working in this industry). Up until this week things had been seemingly “normal” — We could at least take our clients too homes, and proceed with the marketing plans for our listings (including pre-inspections, photos, staging) — now we are no longer able to conduct business as usual.
With so much information flying around regarding our current state of affairs, I thought it might be helpful for you to know what’s happening on the real estate scene. We continue to receive many questions regarding whether or not it’s a good time to buy or sell, and quite frankly there is neither a right or wrong answer.
For many, transacting real estate is a voluntary action. But for others, the need to buy or sell isn’t so optional. Relocations, changes in life circumstance, and a host of other reasons may or may not influence this.
Regardless of which situation you happen to find yourself in, I will continue to provide insight on what to do — over the next few weeks as things begin to unfold I will provide a weekly updates in my Facebook Live’s. You can like my page at https://www.facebook.com/deniseperkinshomes/ to see these weekly updates.
I will provide weekly updates and offer tips and tricks of how to get through this wild ride that we are on. Buyers Tips, Sellers Tips, discussion regarding whether or not we should be remodeling or selling.
To Your Health!
If you haven’t been to one of my Community Connect Events at First & Main Design Market in Downtown Bothell you will want to put it on your calendar! WHY you may ask? Well it’s simple really — We always have fun, there is wine, charcuterie and prizes (you can win a gift certificates to the store). But that’s just 4 reasons.
You can Shop! First & Main Design Market doesn’t just have vintage and custom furniture — they have great gifts and home accessories as well. You can also meet the owner and creative genius Chelsea Coryell who is always on hand with a smile and LOTS of great ideas.
My favorite part is to fantasize that my home would always looks like this! Here — vintage meets new and amazing to create such a warm an inviting space. There is so much to look at, and get inspiration from. Also, the designers are always on had to ask questions and talk about your design woes! And even to help figure out how to make your space one you’ve been dreaming of. AND truly the best part — You are also able to support a LOCALLY WOMAN owned business — a twofer!! Whoot!
We are on hiatus in March & April — but plan on coming back in May in conjunction with the Bothell Art Walk on the second Thursday of the month. In the meantime be sure to check out this great store and while you’re there ask any of the great designers to help you reach your home design dreams!!!
Looking for some fun fresh ways to update your kiddos rooms or play areas? Maybe your own room? How about indoor swings, climbing walls for those PNW rainy days, or cozy reading nooks? Check out these creative ways to add some kid approved, “fun”ctional and affordable ideas to your home.
There are so many different swing ideas… from your traditional back yard swing to these Hanging Pod Canvas swings, cozy for reading. What a fun addition to your kids room… or maybe your room. If you are not sure how to hang in indoor swing check out this article.
Check out this video for a quick tutorial on how to create an indoor climbing wall. Again there are so many different options on how to incorporate based on your kids age, size of room, ceiling height… the skys the limit!
Adding a reading nook just makes me smile… Cooking Ruthie has some great ideas! Creating cozy spots for the kids to read is a great way to encourage them and keep them focused. Try a bean bag chair from Wayfair, this faux fur rug from World Market and these floating shelves from Target. You can also transform a little-used closet, a space under the stairs or even a large wardrobe into a quiet place for a good page-turner.
Photo: Cooking Ruthie
To view the inspiration for my blog check out 8 Fun, Kid-Forward Home Décor Ideas
Happy New Year! Hope you all had a relaxing holiday!
To start 2020 I am super excited about this January organization calendar I found a few years back. There are different calendars for each month, pinterest has lots of options, but I thought I would share this one. It has a task each day to help clean out, organize, and declutter your house (and life). I feel like the tasks are less intimidating and super easy to fit in each day, maybe 15 to 20 minutes, and I bet you could get your kids or to help too! Each week is focused on a different room, thought that was pretty cool too. Even if you do every other day, it will still feel really good!
I also found lots of great home organization ideas at easyorganizedhome.com – check it out.
Favorable interest rates and soaring rents boosted activity in the housing market in November. More buyers competing for less inventory kept home prices strong. With the supply of homes far short of demand, sellers can expect well-priced properties to sell quickly this winter.
With just over a month of available inventory, demand on Eastside remains very strong. Sales are brisk, with 45% of single-family homes selling in 15 days or less and 20% of homes selling for over list price. The median single-family home price in November rose 2% from a year ago to $900,000 and was unchanged from October.
With more buyers vying for fewer homes, King County remains a solid seller’s market. While inventory traditionally shrinks in the winter, this November saw the number of new listings at historic lows. Demand was strong, with the number of closed sales up 12% over the same time last year. The median home price ticked up 3% over the prior year to $661,000 and was unchanged from October. The strong market sent prices higher in the more affordable price ranges, with some areas in South King County seeing double-digit increases.
Activity in Seattle was very strong in November. The number of closed sales was up 29% over the same time last year. With just over one month of homes available for sale, the city is starved for inventory. Seattle homes prices have ebbed and flowed slightly from month to month for much of this year. The median price of a single-family home sold in November was off 3% from a year ago to $735,000.
With an increasing number of buyers driving to affordability, the Snohomish County housing market remains robust. Inventory is very tight and continues to fall. The county finished November with just over one month of supply. The median price of a single-family home rose 5% over a year ago to $495,000. That figure is unchanged from October.
This post originally appeared on GetTheWReport.com
Parentmap has a great Family Fun Calendar, I love this resource! Check out a few events below that I think look really fun and while you are at it check out the amazing Family Fun Calendar that Parentmap provides… it will be your Complete Guide to Events this Season and beyond!
Presented by Evergreen Health & KING 5
Nov 29, 2019 thru Jan 5, 2020*
Make this a holiday tradition, visit Redmond Town Center’s annual Winter Wonderland holiday festival. Shop, dine and enjoy a myriad of magical activities and events. The whole family will enjoy spirited rides on the polar express train and horse carousel. Take a twirl on the synthetic skating rink. Visit Santa’s workshop for photos. Take the younger ones to princess story time. Delight in the magical sounds of the season with talented performances on the STAR 101.5 Community Stage. Spread holiday joy with help from over 125 premier stores, restaurants and entertainment venues. Guests enjoy free parking all season.
Snoqualmie Falls Forest Theater cordially invites you to our annual holiday wreath-making event! A hand-made wreath is a unique holiday gift for friends and family, or to add festive décor this season to your own home. It’s also a fun way to express your personal creativity. Bring creative holiday spirit into your home this winter! Learn how to craft holiday wreaths at Snoqualmie Falls Forest Theater and Family Park’s Holiday Wreath Making Workshop! For more details check out this article on Parentmap.com
December 4th to January 20th
This 23-year old holiday tradition, a signature event of the Bellevue Magic Season, features the region’s largest seasonal ice skating experience, with more than 9,000 square feet of real ice.
The ice surface is covered for all-weather skating, and the rink also treats guests to a heated viewing area, on-site concessions, and a series of special events throughout the holiday season.
The Bellevue Downtown Ice Rink is located at the Downtown Park. Just south of Bellevue Square, it’s a short walk to Downtown Bellevue’s outstanding dining options, premier shopping, and other Bellevue Magic Season events, including Snowflake Lane presented by the Bellevue Collection.
For more information about the event, including admission information and holiday hours, visit the event’s website at www.bellevueicerink.com.
Whether you have recently purchased a new home or want to update your current avoid spending too much on furniture and decor with these strategies. Provided by Interior Design Experts at First & Main….here are the top 10 things you should consider.
- Prevent Expensive Mistakes: A well designed home requires careful thought and planning.
- Create a color palate for your home: Update a room in 2 hours, and under $50 with a fresh coat of paint.
- Don’t for get blinds and window treatments: Do you really want your neighbors to know that you sleep naked?
- Think traffic patterns and conversation groups: Draw out a floor-plan based on how you actually LIVE in your home.
- Balance, Scale, and Size can make or break any room: Mix shiny with matte, pattern with solids, and always add texture.
- Designer Pet Peve #1: Art should be hung at eye level for maximum enjoyment.
- Focus on focal points: TV or a view, draw their focus then give the eyes a place to rest.
- It’s literally worth every penny: Remodeling a kitchen or bath will always pay off in the end.
- Make every day feel like a staycation: The right bedding can make your room feel like a luxury hotel.
- You should have an interior designer: Having a trained Interior Design Professional who understands that YOUR home should reflect YOUR lifestyle.
First & Main Design Market is a great place to explore and find the perfect pieces for your home at any stage of your home decorating journey. Located in recently refreshed downtown Bothell and offering an eclectic combination of beautiful new designer furniture, unique, one of a kind vintage and reinspired salvage pieces and variety of housewares and gifts. It’s not your typical furniture store — with Interior Designers on staff they can help you choose a piece of furniture and then help finish off the room — paint, accessories, rugs, etc.
Want an excuse to come visit — Join us for our First Thursday events — the first Thursday of every month. Each event offers a different home décor theme or topic — along with wine, snacks and the chance to win prizes and gift certificates to the store.
Washington State employment has softened slightly to an annual growth rate of 2%, which is still a respectable number compared to other West Coast states and the country as a whole. In all, I expect that Washington will continue to add jobs at a reasonable rate though it is clear that businesses are starting to feel the effects of the trade war with China and this is impacting hiring practices. The state unemployment rate was 4.6%, marginally higher than the 4.4% level of a year ago. My most recent economic forecast suggests that statewide job growth in 2019 will rise by 2.2%, with a total of 88,400 new jobs created.
- There were 22,685 home sales during the third quarter of 2019, representing a slight increase of 0.8% from the same period in 2018 and essentially at the same level as in the second quarter.
- Listing activity — which rose substantially from the middle of last year — appears to have settled down. This is likely to slow sales as there is less choice in the market.
- Compared to the third quarter of 2018, sales rose in five counties, remained static in one, and dropped in nine. The greatest growth was in Skagit and Clallam counties. Jefferson, Kitsap, and Cowlitz counties experienced significant declines.
- The average number of homes for sale rose 11% between the second and third quarters. However, inventory is 14% lower than in the same quarter of 2018. In fact, no county contained in this report had more homes for sale in the third quarter than a year ago.
- Home price growth in Western Washington notched a little higher in the third quarter, with average prices 4.2% higher than a year ago. The average sales price in Western Washington was $523,016. It is worth noting, though, that prices were down 3.3% compared to the second quarter of this year.
- Home prices were higher in every county except Island, though the decline there was very small.
- When compared to the same period a year ago, price growth was strongest in Grays Harbor County, where home prices were up 22%. San Juan, Jefferson, and Cowlitz counties also saw double-digit price increases.
- Affordability issues are driving buyers further out which is resulting in above-average price growth in outlying markets. I expect home prices to continue appreciating as we move through 2020, but the pace of growth will continue to slow.
DAYS ON MARKET
- The average number of days it took to sell a home dropped one day when compared to the third quarter of 2018.
- Thurston County was the tightest market in Western Washington, with homes taking an average of only 20 days to sell. There were six counties where the length of time it took to sell a home dropped compared to the same period a year ago. Market time rose in six counties, while two counties were unchanged.
- Across the entire region, it took an average of 38 days to sell a home in the third quarter. This was down 3 days compared to the second quarter of this year.
- Market time remains below the long-term average across the region and this trend is likely to continue until more inventory comes to market, which I do not expect will happen until next spring.
This speedometer reflects the state of the region’s real estate market using housing inventory, price gains, home sales, interest rates, and larger economic factors. I am leaving the needle in the same position as the first and second quarters, as demand appears to still be strong.
The market continues to benefit from low mortgage rates. The average 30-year fixed rates is currently around 3.6% and is unlikely to rise significantly anytime soon. Even as borrowing costs remain very competitive, it’s clear buyers are not necessarily jumping at any home that comes on the market. Although it’s still a sellers’ market, buyers have become increasingly price-conscious which is reflected in slowing home price growth.
As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K.
In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.
This post originally appeared on the Windermere.com Blog.
4 Reasons to Sell Your Home This Fall
- Buyer demand is still strong
- There is less competition now – supply and demand
- There will never be a better time to move up
- Its time to move on with your life
Watch this video to hear more about why I think you should sell.
I am excited to host my first Community Connect event at my close friend, Chelsea’s, store — First & Main Design Center on October 3rd! First & Main is located in the recently refreshed downtown Bothell and offers an eclectic combination of beautiful new designer furniture, unique, one of a kind vintage and reinspired salvage pieces and variety of housewares and gifts. It’s not your typical furniture store — with Interior Designers on staff they can help you choose a piece of furniture and then help finish off the room — paint, accessories, rugs, etc.
This event will be great opportunity to learn more about this great store, what it has to offer and to Meet the Designers! No matter your decorating tastes or goals, onsite designers will help create the perfect look for you. You will be able to Grab a 15 minute complimentary time slot to chat with a designer about an area in your home that you would want to see refreshed. So come join us to celebrate this amazing woman owned business — enjoy some wine, snacks and get some great ideas for your home!
Date: Thursday, October 3rd.
Time: 7:00pm to 9:00pm
Location: First and Main Design Market – 10100 Main St Bothell, WA 98011
Questions or to sign up for a time contact me at firstname.lastname@example.org
A little bit about Chelsea, she was born and raised in the Seattle area, grew up in Kirkland and married a Navy man. She and Kevin set off for over 15 years of different states and cities. When Kevin retired Chelsea knew she wanted to move back to the area and settled on the cute community of Snohomish. With it’s small town feel yet still being close enough to the city, Chelsea, Kevin and her two sons had found their community.
When they were ready to buy — Chelsea called me because she had been “stalking” a home for weeks that looked like it had a lot of potential. She really wanted to see it! The same owners had owned the home for over 20 years — and needed some updating. But since Chelsea is an interior designer she was actually excited of the possibilities of what this home could become. Now 4 years later they have settled into an amazing community — and glad to be back “home.”
So glad, that she recently opened her own Furniture and Interior design store First & Main Design Center in the neighboring community in downtown Bothell, another growing and vibrant area. If you’re looking at homes and see “potential” but aren’t sure how to make it a reality the designers at First & Main Design center can help you with your vision and can make it a reality. Most times finding the right community outweighs the numbers of bedrooms and baths. It’s easy to make a home your own with a little help!