Category Archives: Market Update


Feb

06

2017
Positive Market Despite Rising Rates

Positive Market Despite Rising Rates

Even though experts in the market agree that rates will likely increase slightly in 2017, they also agree that this will not have a negative impact on the Northwest real estate market. Lawrence Yun, chief economist for the National Association of Realtors, shared that historically, a rate increase to 4.5% (the expected high point for 2017) would still be a ‚Äúfavorable rate‚Äù. ‚ÄúWe are getting…

Read More


Dec

23

2016
November Market Update

November Market Update

According to the Northwest Multiple Listing Service (NWMLS), figures for November show a 13.2 percent drop in inventory of single family homes and condominiums. For the 4-county Puget Sound region there is only 1.22 months of supply, with King County having the lowest level at under a month (0.96). There was a 9.4 percent gain in pending sales, a 31.3 percent spike in closed sales,…

Read More


Aug

07

2016
Appreciation in the Northwest – Setting a Red Hot Pace

Appreciation in the Northwest – Setting a Red Hot Pace

In spite of easing a bit from prior months, home prices are continuing to experience positive appreciation. The S&P Case-Shiller 20-City Composite index for May (as reported at the end of July) rose 5.2 percent year over year. This accounts for slight slowdown from April’s 5.4 percent increase. The Case-Schiller index tracks changes in the value of residential real estate nationally as well as in…

Read More


May

20

2016
Buyers Looking Outside King County

Buyers Looking Outside King County

A recent Seattle Times article pointed out that a growing number of first time home buyers are looking for their ideal home, farther outside central Puget Sound. The driving force behind this growing trend is scarce inventory and climbing prices in and around King county. According to the Northwest Multiple Listing Service (April report delivered in May), inventory remains well below the supply needed for…

Read More


Apr

18

2016
Real Estate Prices Chart

The Time is Right

When the Northwest Multiple Listing Service distributed its latest market update (March YoY), the document was titled “Puget Sound Area Home Sales Slow (But Not Prices)”. Interestingly, this title was edited from the initial press release, where the title included the addition of “as supply can’t match demand”. When supply can’t match demand, it means there are just not enough houses to support demand. With…

Read More


Feb

10

2016
Inventory Remains Low, but Sales Strong in the Seattle Four-county Region

Inventory Remains Low, but Sales Strong in the Seattle Four-county Region

I found an interesting report that slipped by my desk that I wanted to share from the NWMLS regarding January home sales in the Pacific Northwest. There is very limited inventory out there right now.  In fact, in King County the inventory (SFR and Condo) is only 1.41 months (a year ago the amount was 2.09 months).  In Snohomish County the inventory is only 1.56…

Read More


Aug

27

2013

Central Area Fix & Flip Loan

LOAN AMOUNT: $190,000FINAL SALES PRICE: $625,000LOAN DATE: March 2013 to August 2013LOCATION: Central Area, Seattle- King County ResidentialLOAN TYPE: Bridge Loan, 6 Month TermDETAILS: This property was purchased for $380,000 by an experienced Veristone real estate investor.  This property boasts 2100+ square feet and went through a “studs-out” remodel.  The house received modern finishes with bamboo floors, modern style hardi-siding, quartz counters, stainless, steel railings,…

Read More


Jun

25

2013

Federal Way Fix & Flip Loan

VERISTONE DEALSHEET LOAN AMOUNT: $213,000FINAL SALES PRICE: $455,100LOAN DATE: January 2013 to June 2013LOCATION: Federal Way, Marine Hills, King County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month Term, $25,000 Construction HoldbackDETAILS:  This is an outstanding story of a 1966 property with sound views in the Redondo Highlands receiving modern updates.  New interior and exterior paint, private upper level master suite, modern kitchen and baths,…

Read More


Jun

24

2013

Capitol Hill Fixer Loan

VERISTONE DEAL SHEET LOAN AMOUNT: $660,000FINAL SALES VALUE: $1,150,000LOAN START DATE: May 2013LOCATION: Capitol Hill, Seattle, King County WashingtonLOAN TYPE: Fix & Flip Loan, 7-Month Term DETAILS: In May, we were pleased to lend on a grand vintage home in Capitol Hill boasting over 2900 square feet.  This historic house sits on a corner lot with partial lake views and still carries periodic details intact. …

Read More



Page 1 of 41234

Contact Us

  • This field is for validation purposes and should be left unchanged.