My Thoughts

Living Heat Pumps to Be Required Starting July 0f 2023, heat pumps will be required in all new construction homes, including apartments; in Washington State. This ruling by the Washington State Building Code Council was made Nov 4, 2022 and reported in The Seattle Times on November 8, 2022. In April of 2022, the state’s building code was revised to require […]
Area Market Updates 3rd Quarter Gardner Economic Report View Q3 2022 Report
My Thoughts Money Magazine Ranks Kirkland 3rd Best Place in US All of us who consider ourselves Kirkland Natives think the rank should be 1 or 2, but we’ll take this as a win.  Money magazine considers Atlanta (too hot and humid) and Tempe (too hot and dry) as number 1 and 2, but I’ll let you decide for yourself. Good job growth, great parks and […]
Area Market Updates September MLS Sales Information Higher interest rates are making it tougher for buyers and sellers.   The interest rate is  about double what it was earlier in the year.  Rates near 3% have disappeared and are now about 6%.  While home price appreciation has slowed from the frenzy of the first quarter of 2022, buyers are still not able to […]
Market Updates CNBC Ranks Washington as 2nd Most Stable Housing Market in the United States As reported by Lillian Dickerson of Inman News, the housing market and the economy at large have taken a wild ride this year, with home prices clinging to historic highs and mortgages hitting rates far surpassing the lows of 2021. Among that news, comes an analysis by CNBC regarding which states’ housing markets are the […]
My Thoughts Working With the Market Communication has always been one of the most important aspects of working with real estate clients.  When you are caught listing a home, just as the financial/stock/real estate markets are experiencing historic changes; it’s even more important.  Researching current activity on an almost daily basis, consulting with agents both in and outside your office and […]
Area Market Updates Local Market Sales Volumes Slowed in May 2022 Just a few months back, nearly every Seattle or Eastside home sold on a Review Date.  The sales price was usually over full price and with minimal to no sales contingencies. With the significant interest rate increase this year, we are seeing a slowing of sales activity. Although Seattle median prices increased from $919,000 to […]
Buying Lake Forest Park Classic http://LFPWOODLANDRETREAT.COM You are not cookie-cutter and neither is this home.  Stunning, NW Contemporary nestled in the hills of Lake Forest Park.  Short walk to Horizon View Park and of course, eligible for Lake Forest Park Civic Club membership.  Over 1000 sf of outdoor deck living. Well maintained by longtime owners.  Exterior and much of interior […]
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Buying Recent Buyer Client Review Betsy did an amazing job representing us through the entire home buying process. From our initial conversation to the closing of our home, Betsy was very thoughtful, organized, educated and professional. With this being our first home, we had no idea what to expect. Betsy brought calm & guidance to a very competitive market. Her […]
Buying It Matters Who Represents Buyers In this hyper-competitive real estate market, it matters more than ever who you choose to hire as your Buyer Broker/Buyer’s Agent.  Knowing how to make your offer stand out in a crowded field is critical. It was my pleasure to recently represent Casey and Keith on their March Woodinville home purchase.  We worked together to […]
My Thoughts Tight Inventory Puts Pressure on Buyers New listings in King County, for both Jan and February were down 9% compared to 2021. This translated to 443 closed single-family sales in February in Seattle (623 in 2021) and 252 on the Eastside (363 in 2021). More buyers competed for these listings, driving Seattle’s price up 15.9% and for the Eastside, 34.2% year-over-year. […]
My Thoughts Have Household Items to Dispose Of? Contact Habitat for Humanity. Did you know Habitat for Humanity takes items for their Resale Stores? They even recycle paint! Click here for information on items they accept and how you can donate them. They can sometimes even pick up your items.
Area Market Updates Fastest-Growing City in Seattle Area? Not Seattle, which grew at just a .7% rate between 2020 and 2021.  Bellevue only grew at .5%; adding only 750 new residents.  Not Arlington, which grew at 4.1% or Edgewood, which grew at 6.4%; but Black Diamond! Black Diamond grew at a rate of 13% for the same timeframe.  This is due, in great […]
Area Market Updates Inventory is Extremely Low The single family & condominium market in King County is extremely tight.  As of today, there are 728 properties for sale in all of the county.  Median listing price is $830,000.  For Seattle, just 403 listings, median of $780,000. In Kirkland, there are just 18 (!) homes available for sale, with a median listing price […]
My Thoughts 2022 Forecast by Windermere Chief Economist Click here for  more detailed thoughts in this video by Matthew Gardner https://www.windermere.com/blog/matthew-gardners-top-10-predictions-for-2022
Living Remodeling? Don’t Forget To Speak with Your Home Insurer. Lots of us are remodeling our homes these days. Depending on what your remodel entails, you may need to upgrade or change your home insurance.  Contact your insurer to check on coverages for your Improvements, Builder’s Risk or an Under Construction endorsement. You may even want to consider Umbrella Coverage for risks during the construction […]
My Thoughts Habitat for Humanity Stores can Help You Prepare to Move   The 3 local Habitat for Humanity resale stores are now open! You can shop for gently used items in Bellevue, Tukwila and Auburn.  Many of the items for sale are now posted online, for your shopping convenience.  Check them out at https://www.habitatskc.org/store/ In addition, Habitat will take many of your household items, if you […]
My Thoughts Zillow Offers, the Home Flipping Division of Zillow, to Close Zillow (based in Seattle) has announced it is closing its home-flipping business and laying off 25% of its staff. Price increases have begun cooling in many housing markets and Zillow was forced to sell many homes at a loss, in addition to having trouble finding contractors to handle quick fixes for their properties. Supply chain […]
My Thoughts Seattle Area Values Up 24% over 2020 Numbers are out for the most recent S & P Core Logic Case-Schiller Home Price Index.  This index uses a 3 month rolling average and is two months behind.  Home sales through August show a 24% year-over-year average increase in the Greater Seattle area. This places Seattle in the 5th spot nationally as the hottest […]
My Thoughts What or Who is an LPO? Exactly what is an LPO? LPO is short for Limited Practice Officer in Washington State. Selecting and preparing forms that affect the rights of others is considered the practice of law in Washington State.  Limited Practice Officers (LPOs) are authorized to select and prepare forms approved by the Limited Practice Board within the limitations of […]