Page not found – Seattle Real Estate https://colleenmccann.com Seattle Real Estate Sat, 14 May 2022 21:05:46 +0000 en-US hourly 1 My New Listing at 719 19th Ave Seattle WA – Come See It! https://colleenmccann.com/2022/05/14/my-new-listing-at-719-19th-ave-seattle-wa-come-see-it https://colleenmccann.com/2022/05/14/my-new-listing-at-719-19th-ave-seattle-wa-come-see-it#respond Sat, 14 May 2022 20:58:27 +0000 https://colleenmccann.com/?p=28189 Here’s a video walkthrough of my new Seattle listing, a 1903 gem! – Check it out and come visit my open houses. 719 19th Ave More Info Saturday 5/14/22:   Noon – 3:00 p.m. Sunday 5/15/2022:   1:00 to 4:00 p.m.  

The post My New Listing at 719 19th Ave Seattle WA – Come See It! appeared first on Colleen McCann.

]]>
Here’s a video walkthrough of my new Seattle listing, a 1903 gem! – Check it out and come visit my open houses. 719 19th Ave More Info

Saturday 5/14/22:   Noon – 3:00 p.m.

Sunday 5/15/2022:   1:00 to 4:00 p.m.

 

The post My New Listing at 719 19th Ave Seattle WA – Come See It! appeared first on Colleen McCann.

]]>
https://colleenmccann.com/2022/05/14/my-new-listing-at-719-19th-ave-seattle-wa-come-see-it/feed 0 https://colleenmccann.com/files/2022/05/Web_36-150x150.jpg
What You Can Expect from the Spring Housing Market https://colleenmccann.com/2022/03/24/what-you-can-expect-from-the-spring-housing-market https://colleenmccann.com/2022/03/24/what-you-can-expect-from-the-spring-housing-market#respond Thu, 24 Mar 2022 19:48:02 +0000 https://colleenmccann.com/?p=28179 What You Can Expect from the Spring Housing Market As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — […]

The post What You Can Expect from the Spring Housing Market appeared first on Colleen McCann.

]]>

What You Can Expect from the Spring Housing Market

What You Can Expect from the Spring Housing Market | MyKCM

As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to be relatively immune.

Here’s a look at what experts say you can expect this spring.

1. Mortgage Rates Will Climb

Freddie Mac reports the 30-year fixed mortgage rate has increased by more than a full point in the past six months. And despite some mild fluctuation in recent weeks, experts believe rates will continue to edge up over the next 90 days. As Freddie Mac says:

“The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year.”

If you’re a first-time buyer or a seller thinking of moving to a home that better fits your needs, realize that waiting will likely mean you’ll pay a higher mortgage rate on your purchase. And that higher rate drives up your monthly payment and can really add up over the life of your loan.

2. Housing Inventory Will Increase

There may be some relief coming for buyers searching for a home to purchase. Realtor.com recently reported that the number of newly listed homes has grown for each of the last two months. Also, the National Association of Realtors (NAR) just announced the months’ supply of inventory increased for the first time in eight months. The inventory of existing homes usually grows every spring, and it seems, based on recent activity, the next 90 days could bring more listings to the market.

If you’re a buyer who has been frustrated with the limited supply of homes available for sale, it looks like you could find some relief this spring. However, be prepared to act quickly if you find the right home.

If you’re a seller, listing now instead of waiting for this additional competition to hit the market makes sense. Your leverage in any negotiation during the sale will be impacted as additional homes come to market.

3. Home Prices Will Rise

Prices are always determined by supply and demand. Though the number of homes entering the market is increasing, buyer demand remains very strong. As realtor.com explains in their most recent Housing Report:

“During the final two weeks of the month, more new sellers entered the market than during the same time last year. . . . However, with 5.8 million new homes missing from the market and millions of millennials at first-time buying ages, housing supply faces a long road to catching up with demand.”

What does that mean for you? With the demand for housing still outpacing supply, home prices will continue to appreciate. Many experts believe the level of appreciation will decelerate from the high double-digit levels we’ve seen over the last two years. That means prices will continue to climb, just at a more moderate pace. Most experts are predicting home prices will not depreciate.

Won’t Increasing Mortgage Rates Cause Home Prices To Fall?

While some people may believe a 1% increase in mortgage rates will impact demand so dramatically that home prices will have to fall, experts say otherwise. Doug Duncan, Senior Vice President and Chief Economist at Fannie Maesays:

“What I will caution against is making the inference that interest rates have a direct impact on house prices. That is not true.”

Freddie Mac studied the impact that mortgage rates increasing by at least 1% has had on home prices in the past. Here are the results of that study:

What You Can Expect from the Spring Housing Market | MyKCM

As the chart shows, mortgage rates jumped by at least 1% six times in the last thirty years. In each case, home values increased.

So again, if you’re a first-time buyer or a repeat buyer, waiting to buy likely means you’ll pay more for a home later in the year (as compared to its current value).

Bottom Line

There are three things that seem certain going into the spring housing market:

  1. Mortgage rates will continue to rise
  2. The selection of homes available for sale will modestly improve
  3. Home prices will continue to appreciate, just at a slightly slower pace

If you’re thinking of buying, act now before mortgage rates and home prices increase further. If you’re thinking of selling, your best bet may be to sell soon so you can beat the increase in competition that’s about to come to market.

The post What You Can Expect from the Spring Housing Market appeared first on Colleen McCann.

]]>
https://colleenmccann.com/2022/03/24/what-you-can-expect-from-the-spring-housing-market/feed 0 https://colleenmccann.com/files/2022/03/Screenshot-2022-03-24-125126-150x150.jpg
Monday with Matthew – Econ Update https://colleenmccann.com/2021/01/26/monday-with-matthew-econ-update https://colleenmccann.com/2021/01/26/monday-with-matthew-econ-update#respond Tue, 26 Jan 2021 00:13:24 +0000 https://colleenmccann.com/?p=315 Check out Monday with Matthew economic report. Great data and easy to digest. https://www.windermere.com/blog/matthew-gardner-covid-19-housing-economic-update-01-25-2021   From Search to Signature, Colleen McCann.  

The post Monday with Matthew – Econ Update appeared first on Colleen McCann.

]]>
Check out Monday with Matthew economic report. Great data and easy to digest.

https://www.windermere.com/blog/matthew-gardner-covid-19-housing-economic-update-01-25-2021

 

From Search to Signature,

Colleen McCann.

 

The post Monday with Matthew – Econ Update appeared first on Colleen McCann.

]]>
https://colleenmccann.com/2021/01/26/monday-with-matthew-econ-update/feed 0 https://colleenmccann.com/files/2021/01/Screenshot-2021-01-25-160742-150x150.jpg
Techies Aren’t Leaving Seattle https://colleenmccann.com/2020/12/29/techies-arent-leaving-seattle https://colleenmccann.com/2020/12/29/techies-arent-leaving-seattle#respond Tue, 29 Dec 2020 19:26:23 +0000 https://colleenmccann.com/?p=305 According to GeekWire, LinkedIn migration data indicates that Seattle techies are not leaving Seattle, unlike the “exodus” in Silicon Valley. The article by Talyor Soper shows that Seattle added 2.2 tech workers for every one that left, just below 2.5 for last year. Our real estate view is that tech business growth will continue to […]

The post Techies Aren’t Leaving Seattle appeared first on Colleen McCann.

]]>
According to GeekWire, LinkedIn migration data indicates that Seattle techies are not leaving Seattle, unlike the “exodus” in Silicon Valley. The article by Talyor Soper shows that Seattle added 2.2 tech workers for every one that left, just below 2.5 for last year.

Our real estate view is that tech business growth will continue to be an important demand factor for Seattle housing. This is good for sellers and buyers need to be as thorough and nimble as ever.

Happy New Year!

Colleen McCann

 

The post Techies Aren’t Leaving Seattle appeared first on Colleen McCann.

]]>
https://colleenmccann.com/2020/12/29/techies-arent-leaving-seattle/feed 0 https://colleenmccann.com/files/2018/11/colleen_14-FINAL-Smaller-v1-150x150.jpg
Brief King County Real Estate Market Update for King County https://colleenmccann.com/2020/09/22/short-king-county-market-update-for-king-county https://colleenmccann.com/2020/09/22/short-king-county-market-update-for-king-county#respond Tue, 22 Sep 2020 21:34:47 +0000 https://colleenmccann.com/?p=289 Check out this quick video for key metrics on the King County market for August 2020 from Dan Givens. Low inventory for single family residences and high inventory for Seattle condos. https://youtu.be/m8MZsgaFAsQ

The post Brief King County Real Estate Market Update for King County appeared first on Colleen McCann.

]]>
Check out this quick video for key metrics on the King County market for August 2020 from Dan Givens.

Low inventory for single family residences and high inventory for Seattle condos.

https://youtu.be/m8MZsgaFAsQ

The post Brief King County Real Estate Market Update for King County appeared first on Colleen McCann.

]]>
https://colleenmccann.com/2020/09/22/short-king-county-market-update-for-king-county/feed 0
August Seattle Real Estate Statistics https://colleenmccann.com/2020/09/06/august-seattle-real-estate-statistics https://colleenmccann.com/2020/09/06/august-seattle-real-estate-statistics#respond Sun, 06 Sep 2020 20:38:35 +0000 https://colleenmccann.com/?p=281 The Seattle market continued to be robust in August with 58% of listings sold at or above the listing price. This continued the pace from July 2020 and was well above the 35% level in August of 2019.   The month’s supply of inventory for sale remains at a fairly tight 1.5.  Seattle is predominantly in […]

The post August Seattle Real Estate Statistics appeared first on Colleen McCann.

]]>
The Seattle market continued to be robust in August with 58% of listings sold at or above the listing price. This continued the pace from July 2020 and was well above the 35% level in August of 2019.   The month’s supply of inventory for sale remains at a fairly tight 1.5.  Seattle is predominantly in a seller’s market condition which requires a skillful offering approach for buyers.

58% of Sales Sold at or Above Listing Price in August

The post August Seattle Real Estate Statistics appeared first on Colleen McCann.

]]>
https://colleenmccann.com/2020/09/06/august-seattle-real-estate-statistics/feed 0 https://colleenmccann.com/files/2020/09/Aug-Seattle-RE-Stats-2020-09-06-150x150.jpg
1700 26th Ave Seattle – Updated 1903 Craftsman – JUST LISTED! https://colleenmccann.com/2020/08/15/1700-26th-ave-seattle-updated-1903-craftsman-just-listed https://colleenmccann.com/2020/08/15/1700-26th-ave-seattle-updated-1903-craftsman-just-listed#respond Sat, 15 Aug 2020 20:59:03 +0000 https://colleenmccann.com/?p=275 I’m excited to list this wonderful property which truly embodies “Home Sweet Home”! This 2 bedroom,-1 bathroom, updated 1903 Craftsman is in the desirable Madrona neighborhood of Seattle and is surrounded by million+ dollar homes. Timeless charm, leaded stained glass, open foyer with a wood carved staircase and circular floor plan between the living and […]

The post 1700 26th Ave Seattle – Updated 1903 Craftsman – JUST LISTED! appeared first on Colleen McCann.

]]>
I’m excited to list this wonderful property which truly embodies “Home Sweet Home”!

This 2 bedroom,-1 bathroom, updated 1903 Craftsman is in the desirable Madrona neighborhood of Seattle and is surrounded by million+ dollar homes. Timeless charm, leaded stained glass, open foyer with a wood carved staircase and circular floor plan between the living and dining rooms. The kitchen includes a breakfast countertop for enjoying a meal. French doors open to a large deck off the dining room. The main floor is updated and there are architectural plans available to transform the basement and add a carport. Fully-fenced.

I so enjoyed working with my wonderful clients to prepare it for the market.

 

https://colleenmccann.com/listings/my-active-and-sold-listings

From Search to Signature®

Colleen

The post 1700 26th Ave Seattle – Updated 1903 Craftsman – JUST LISTED! appeared first on Colleen McCann.

]]>
https://colleenmccann.com/2020/08/15/1700-26th-ave-seattle-updated-1903-craftsman-just-listed/feed 0 https://colleenmccann.com/files/2020/08/18-house-front-1-1-150x150.jpg
June Seattle Real Estate Market Stats Video https://colleenmccann.com/2020/07/28/june-seattle-real-estate-market-stats-video https://colleenmccann.com/2020/07/28/june-seattle-real-estate-market-stats-video#respond Tue, 28 Jul 2020 00:56:20 +0000 https://colleenmccann.com/?p=261 Clearly this is a seller’s market with only 0.9 months of inventory available. Check out this short video which provides some high level stats. Happy to discuss market conditions facing both buyers and sellers. – Colleen June Market Stats Video    

The post June Seattle Real Estate Market Stats Video appeared first on Colleen McCann.

]]>
Clearly this is a seller’s market with only 0.9 months of inventory available. Check out this short video which provides some high level stats. Happy to discuss market conditions facing both buyers and sellers. – Colleen

June Market Stats Video

 

 

The post June Seattle Real Estate Market Stats Video appeared first on Colleen McCann.

]]>
https://colleenmccann.com/2020/07/28/june-seattle-real-estate-market-stats-video/feed 0 https://colleenmccann.com/files/2017/10/Headshot-150x150.jpg
Seattle Residential Statistics – June – Listings Sold vs. Asking Price https://colleenmccann.com/2020/07/16/seattle-residential-statistics-june-listings-sold-above-asking-price https://colleenmccann.com/2020/07/16/seattle-residential-statistics-june-listings-sold-above-asking-price#respond Thu, 16 Jul 2020 16:17:01 +0000 https://colleenmccann.com/?p=253 One measure of strength in the Seattle residential real estate market is the percentage of houses which sold above their listing price. For June 2020, 38% sold above with a 5% median increase from list price. This compares to 34% in May and 33% in June 2019.  Of course, 20% sold at list price and […]

The post Seattle Residential Statistics – June – Listings Sold vs. Asking Price appeared first on Colleen McCann.

]]>
One measure of strength in the Seattle residential real estate market is the percentage of houses which sold above their listing price. For June 2020, 38% sold above with a 5% median increase from list price. This compares to 34% in May and 33% in June 2019.  Of course, 20% sold at list price and 20% sold below list price but these were down from 24% and 23%, respectively from May. And, houses that sold below list price only had a median 2% drop from list price. This reflects a strong market with low supply and robust demand. So, this is great for sellers and requires a skillful process for buyers.   See data below from Windermere Real Estate:

Note that 6 days on market for properties sold above list is fast. The ones that sold for below list is 20 days which, in a more long-term, normal market, would be expected for those that sold at list price.

The post Seattle Residential Statistics – June – Listings Sold vs. Asking Price appeared first on Colleen McCann.

]]>
https://colleenmccann.com/2020/07/16/seattle-residential-statistics-june-listings-sold-above-asking-price/feed 0 https://colleenmccann.com/files/2020/07/Jun-Seattle-RE-Stats-2-2020-07-16-150x150.jpg
June Seattle Real Estate Market Statistics – Sellers Market Right Now https://colleenmccann.com/2020/07/14/june-seattle-real-estate-market-statistics-sellers-market-right-now https://colleenmccann.com/2020/07/14/june-seattle-real-estate-market-statistics-sellers-market-right-now#respond Tue, 14 Jul 2020 18:22:37 +0000 https://colleenmccann.com/?p=243 Rising Seattle home sales rates are lowering available supply of inventory for sale. Competitive for buyers but highly attractive market dynamic for sellers.    

The post June Seattle Real Estate Market Statistics – Sellers Market Right Now appeared first on Colleen McCann.

]]>
Rising Seattle home sales rates are lowering available supply of inventory for sale. Competitive for buyers but highly attractive market dynamic for sellers.

 

 

The post June Seattle Real Estate Market Statistics – Sellers Market Right Now appeared first on Colleen McCann.

]]>
https://colleenmccann.com/2020/07/14/june-seattle-real-estate-market-statistics-sellers-market-right-now/feed 0 https://colleenmccann.com/files/2020/07/Jun-Seattle-RE-Stats-2020-07-14-150x150.jpg