Kendall Willis - Broker

11/29/2018

Third Quarter Real Estate Market Update!!

3rd Quarter Market Data & Forecast for 2019
A few things stuck out to me as I was compiling the 3rd quarter stats from our local Northwest MLS:
In King County
• Both New listings & Active listings DOUBLED since the first of 2018.
• 16.2% less homes sold within the first 30 days.
• Average days on market for new listings went up from 7 days to 17 days since May of this year, this is mainly caused by our increase in homes on market. We went from a 1.2 month supply in March to 2.6 month in October. Trends are showing this supply of home is still on the rise and new construction is still high in the surrounding areas.
• Average sale price is down to $779,139 from $841,468 in July.
What the stats above say: Although we are still in a Seller’s market the gap to a balance market is narrowing (5-6 month supply is balanced). Even with shaky stock market number our Economy is still in great shape. Interest rates are expected to raise one more time before the end of the year and nudge higher 3-times next year.
With the increase of rates and home supply expect home prices in 2019 to decrease as we lean toward a balanced market.
Sellers on the fence of selling in spring of 2019 SELL NOW! There are still plenty of buyers looking right now and if your home is priced correctly time on market is still under a month! If you want to stop and list your home right now we don’t blame you, just give us a call and we can come out and give you an honest price evaluation of what your home would sell for right now.
If you are a buyer it is more important than ever to pair up with a real estate agent, or team, that has a proven strategy to get your offer accepted.
Buyers looking to get a home now it is more important than ever to work worth a real estate agent, or team that has a working strategy to get your offer accepted. Now is a good time even with prices decreasing in 2019. With interest rates going up your overall cost isn’t going anywhere and with an experienced real estate team such as mine, we have a plan to make sure your offer is accepted. The Frenzy of “bidding up” homes is no longer the norm.

Thank you for reading!🙂

Please enjoy our 3rd Quarter Market Report.

08/02/2018

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers

07/21/2018

Come and see me at the this beautiful lake front cabin on Lake Cavanaugh! No detail was spared in the construction of this unique log cabin. Solid redwood beams, radiant heating, beautiful dock and sandy beach. I will be here this Saturday and Sunday 12-4. DM me for more details.

$1,199,950
34082 North Shore Dr, Mount Vernon 98274

04/01/2018

03/24/2018

What do you think of the staging in this home? I am holding an open house here 12-4. Its located in a beautiful upgraded Harbor homes development in Kenmore. 7715 NE 196th St Kenmore, WA.

Contact me if you would like your home shown like this!

03/22/2018

Just listed! This beautiful 2 bed and 2 bath won't be on the market long. Call, text or direct message me for details.

Comfortable home on large lot, located in the desirable Blue Spruce Grove Community. House sits on two lots with nearly half-acre. Home has spacious master with walk in closet, also has large utility room, attached garage & over sized Shop. Enjoy the community pool/clubhouse, Move right in and custo...

03/19/2018

The right layout can make a extremely functional!

A builder and his wife who’ve embraced the tiny house movement offer input on downsizing your load and designing your miniature dream home.

03/18/2018

You've got to see this beautiful home! Message me for details or a showing!

(FOR RENT) Beautiful 3 bedroom townhouse with a master suite on the main floor plus the entrance to a spacious 2 car tandem garage with plenty of storage. Soaring ceilings on both floors flood the home with natural light. Full master on the main and a second master with a deck, walk-in closet and sh...

03/16/2018

When you can, double up on your payment. You'll notice the difference over time.

Paying of your mortgage is one of the most satisfying feelings, and one you can have early on in life. Here's the best way to pay off your mortgage.