2013 Real Estate Market is Looking Good, But Sellers Beware

Courtesy of Kara Tiernan of Ewing & Clark, Inc.

2013 is looking like a seller’s market but not so much to warrant audaciousness. Inventory in King County is approximately half of what it was from a year ago and this combined with low interest rates is causing homes to sell quickly and at prices much higher than the market low at the beginning of 2012. Buyers are often finding themselves in bidding wars and paying over the asking price in many cases. This is good news for sellers who have been waiting to sell their homes, but sellers may also need a dose of caution. There has never been a more important time for homeowners to have their house looking its best when entering the market and having their home priced right is essential. Failing to do so, could easily cause a seller to get anywhere from 5% to 15% less for their home.

Thinking About Selling Your Home? Plant a Saint

Courtesy of Ewing & Clark

Many homeowners have participated in a century old tradition that looks for guidance from St Joseph to sell their home, a universal patron know as the carpenter and foster father of Jesus Christ on earth. The tradition claims that if you bury a statue of St Joseph in the home’s yard, it will help speed up the home sale. Many folks have been praying to St Joseph for over 2000 years, requesting favors of all sorts, but more specifically in housing, family problems, and financial needs.

Low Residential Inventory in King County

Courtesy of Ewing & Clark

According to the NWMLS’ newly released statistics, the hot topic is that inventory is extremely low in King County residential real estate. King County single family homes for sale (excluding condos) are down 43% from last year. At the end of November there were 3,720 listings for sale in the county, compared to 6,487 last November.

New LRE Member Benefit: Feeder Market Networking

Courtesy of Michael Edlund, Director of Technology at Luxury Real Estate

Here at Luxury Real Estate, we are constantly updating our website to make it more useful for you, our members. We like to hear what features you like and could use, so due to popular member feedback, we recently added new functionality in the Luxury Lounge.

Penthouse Promotion Showcases Seattle's Pinnacle Residential Offerings

Courtesy of Michelle Poitevin of Realogics Sotheby's International Realty

SEATTLE, WA. (July 25, 2011) – Executives at Realogics Sotheby’s International Realty unveiled a property showcase of the Seattle area’s most exclusive condominium and town home offerings on the market. A progressive open house for brokers is being hosted tomorrow on Tuesday, July 26 from 3pm to 6pm. Each property listing and relevant market data is arrayed online at www.RealogicsSothebysRealty.com/Penthouses.

Realogics Sotheby’s International Realty Tapped as Exclusive Listing Broker for The Sanctuary

Courtesy of Realogics Sotheby’s International Realty  

SEATTLE, WA – The senior development loan on The Sanctuary -- a century-old church in Seattle’s Capitol Hill neighborhood that was converted into a 12-unit multifamily community -- has been sold by a syndicate of lenders to Pathfinder Pollin Sanctuary Holdings, LLC, an affiliate of San Diego-based Pathfinder Partners, LLC, a leading acquirer of loans and properties from financial institutions.

'Ilya’s Photography' Debuts Advanced Website

Courtesy of Ilya Moshenskiy of Ilya’s Photography

Ilya Moshenskiy, the official photographer of LuxuryRealEstate.com events, released a new, advanced version of his website www.ilyaphoto.com today. The new luxury photography website has a more user-friendly design, reflecting Ilya’s professionalism, outgoing personality and focus on customer service.

Realogics Condo Sales in 2011

Courtesy of Michelle Poitevin of Realogics Sotheby's International Realty

Executives of Realogics Sotheby’s International Realty today released a sample price list for remaining inventory above the 27th floor at Olive 8 – a 229 unit condominium and hotel development in downtown Seattle. The new pricing strategy includes reductions across the board that vary from about 15% to more than 25% on some homes, according to Julie McAvoy, the Community Sales Director for Olive 8.

« Previous 1 3 4