June Neighborhood Update / Eastside Equestrian Life

 

 

KiamaLise Herres 
Broker
(206) 679-5322

 

 

 

 

neighborhood update ~
and Eastside Equestrian Life

 

JUNE 2014

The local real estate market continues to favor sellers, with low inventory driving prices higher. Here's a look at what's happening in the market, some ideas for your 4th of July celebration, and several links I think you'll find interesting.    

 

LOCAL MARKET UPDATE

 

 

  • The number of homes for sale in King County was up 11 percent over a year ago, but inventory is still quite low. There was less than a two-month supply of homes available in May. Four to six months is considered to be a balanced market. 
  • Lack of supply continues to drive prices up.   The median price of homes sold in King County in May was $442,250, up nearly 6 percent from a year ago. Home prices on the Eastside increased 10.5 percent from last year to $619,420. Seattle's median price was $490,000, up 6.5 percent from a year ago.
     
    Read the Seattle Times
    May home sales story 
  • Inventory is particularly low in desirable locations. Sellers with homes in hot neighborhoods can expect multiple offers and escalation clauses on homes that are well-priced and move-in ready. 
  • With competition for homes so strong, buyers need to be fully approved for financing before making an offer, and should work with their real estate broker on strategies for handling multiple offer situations.  

     

If you'd like information on your specific neighborhood, give me a call and I'll be happy to send you a report. 

 

 

 

 

 

GETTING READY FOR THE 4TH OF JULY

 

 

4th of July bike
4th of July drinks
5th of July table
4th of July lawn decor

EASTSIDE EQUESTRIAN LIFE

 

 

 

 
 

 

 

 

IN THE KNOW a few things I think you'll like:

 

5 Spectacular Garage Conversions

How to create a whole new living space

 

Moving Up? Why Buying Now is Better Than Later

How rising interest rates and home appreciation affect your mortgage payment

 

The 5 Most Talented Sidewalk Artists in the World

Mind-blowing pictures of chalk art you have to see to believe    

 

 

 

FEATURED LISTING

 

LEAVENWORTH CHARMER

 

Cape Cod meets Industrial Chic in this custom designed home located on a private woodsy knoll. Breathtaking views of the Wentchee River. High vaulted ceiling and thoughtful floorplan with extensive windows and architectural details creates an airy feel throughout. 21ft x 17ft barn with hay loft and flat fenced pastures. Easy access to miles of riding trails. Bring your horses, fishing gear and recreational toys to enjoy full or part-time or turn into a profitable daily/weekly rental.
Offered at $549,900

 

 

If there's any additional information I can get you, please give me a call.
(And if you prefer not to receive these updates, just reply to this email and I will remove you from the mailing list.)
 
Copyright © 2013. All Rights Reserved.
 
Posted on November 30, 2014 at 6:03 pm
KiamaLise Herres | Category: Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *