How to Time the Market

I was recently holding an open house when a curious neighbor came into the home to check out the new improvements and ask about current market conditions. After showing her the home and added value/improvements made by the seller—and asking her to tell everyone she knew—I briefly explained that we are going through a market correction, which began in mid-May (like a light switch on May 10th), and touched on the probable causes. I went on to say that current market conditions seem to have stabilized: generally, sales have increased and inventory began decreasing around mid-October (I saw it October 18th). I summed it up quickly with, “I believe it’s a great time to buy.” She looked at me and said “yeah, but what would you say to your friend or a family member. How would you advise them?” I shrugged and smiled as I replied, “I just did.”

2018 Waterfront Update

Realogics Sotheby's International Realty recently released a Waterfront Update that examines regions across Puget Sound and highlights popular waterfront communities with information regarding home values, sales trends and market activity. The report is centered around price trends and the typical location factors that affect the value of any real estate. Waterfront sales, however, may also be influenced by other aquatic factors including docks, moorage, beach or tidelands access, and more.

Market Trends from Around the Sound: Q2-2018

I am pleased to present a look at housing market trends for the second quarter of 2018, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.

Seattle Leads Nation in Home Price Growth for 20 Consecutive Months

S&P CoreLogic Case Shiller recently released their Home Price Index for April 2018 and in news that won’t come as a shock to many, Seattle has now led the nation in home price growth for 20 months in a row, marking the second longest streak in the history of the entire index. At 13.1% year-over-year growth, the Emerald City showed impressive gains from March through April, with increases of 2.8 percent and 2.7 percent respectively, the first time the city has experienced back-to-back increases above 2.25 percent since May of 2013.

Realogics Sotheby’s International Realty Ranked Seventh on List of Largest Residential Real Estate Firms

A recent print edition of Puget Sound Business Journal had Realogics Sotheby’s International Realty (RSIR) in the spotlight, as the firm ranked seventh on the list of Top Residential Real Estate Firms in Washington State. Looking to 2017 residential home sales data, RSIR reported just over $1.5 billion in sales with an average sales price of $894,229.

5 Tips for Finding a Home in Seattle🌈💰

Whether you are a new Seattle-area resident or have lived in the city for years, choosing a neighborhood can be a tough. Realogics Sotheby’s International Realty recently put together a list of the top five things to consider when starting a home search in the Emerald City.

Seattle Tops the Nation in Home Price Growth for 18th Consecutive Month

Seattle has now topped the nation in home price growth on the S&P/CoreLogic Case-Shiller Home Price Index for eighteen months in gains that are once again widening on a monthly basis. Despite slipping slightly last summer, February’s monthly increase exceeded January’s by 1.74 percent, representing an average price increase of 1% per month over the last twelve months.

The 2017/2018 Market Report: Year End Review & Trends to Watch

William Hillis, RSIR's acclaimed Research Editor and Data Analyst, has assembled a year-over-year performance review of eight key counties and 29 regional markets, with trends to watch in 2018.

Market Trends From Around the Sound: Q1-2018

I am pleased to present a look at the housing market trends for the first quarter of 2018, from the shores of Bainbridge Island's waterfront homes and in-city living opportunities to the Eastside's most distinguished residences.

Lifestory Research Names Sotheby's International Realty the Most Trusted Residential Real Estate Brokerage

For the second year in a row, Lifestory Research has named Sotheby’s International RealtyAmerica’s Most Trusted® Residential Real Estate Brokerage. The study compiled answers from nearly 6,300 respondents and was conducted over the last twelve months within the united states. As the Lifestory Research website describes, results were compared to peer organizations "of like size and complexity" to ensure the most reliable statistical rankings. Among industries covered were home builders, faucets, kitchen appliances, paints, laundry appliances, HVAC systems, residential real estate brokerages, and active adult resort builders.

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Aaron Freeman