Gerisilo's Happy Home Team

01/16/2026

Seattle Real Estate Update - Jan 2026

The Puget Sound real estate market was very active through November and December, and just received a huge boost as President Trump announced that $200 billion dollars in mortgage bonds are going to be purchased in efforts to bring mortgage rates down and increase home affordability. The same day the announcement was made, mortgage rates dropped into the 5% range and are sitting at their lowest levels since 2022. Home prices in King County are up year-over-year for December, providing a higher starting point for prices this year than last year. In 2025, despite significant economic and global uncertainty, home prices increased over $180k in four months from $860k in January to a high of $1,044,000 in April.

Median home price by county and % change month-over-month (MoM) and year-over-year (YoY) for Dec 2025

King | $910,000 | -1.5% MoM | 2.6% YoY
Pierce | $560,000 | -2.8% MoM | 0% YoY
Snoho | $750,000 | 0.0% MoM | -4.9% YoY
Kitsap | $580,975 | -1.4% MoM | 5.8% YoY

Market activity over the last 7 days - King County Single family homes

2101 listings active
634 new listings
289 price reductions
522 listings pending
303 listings sold
160 listings taken off market (canceled/expired)

Average time on market King County: 56 days

Average sold to list price ratio King County: 98% of current list price, 95% of original list price

Mortgage rates averaged 5.99%

08/14/2025

Seattle Real Estate Update - Summer 2025

The median home price in King County was over $1,000,000 for June and July - a record price for each respective month and near the all-time high of $1,044,000 achieved earlier this year in April. Inventory levels are the highest they have been in seven years, however demand has remained resilient with pending sales hovering at their highest levels since 2022. Trophy homes in areas with little turnover are still selling fast and for a premium, but in general buyers are gaining negotiating power and the opportunity to be more selective in their shopping process. Mortgage rates have declined to their lowest levels since April (we’ve recently had buyers lock in at 5.99%), and it is widely expected that there will be a rate reduction at the Fed’s next meeting in September.

Median home price by county and % change month-over-month (MoM) and year-over-year (YoY) for July 2025
King | $1,000,000 | -3.4% MoM | 1% YoY
Pierce | $585,000 | 0.8% MoM | 1.7% YoY
Snoho | $800,000 | 0% MoM | 0% YoY
Kitsap | $599,450 | 0% MoM | 9.7% YoY

Market activity over the last 7 days - King County Single family homes
4313 listings active
780 new listings
663 price reductions
727 listings pending
471 listings sold
307 listings taken off market (canceled/expired)

Average time on market King County: 26 days

Average sold to list price ratio King County: 99% of current list price, 98% of original list price

Mortgage rates averaged 6.63%

06/26/2025

🏠 South Lake Union Condo
💵 $474,900
📍699 John St #306
🛌 1 Bed + Den or 2nd bed
🛁 1.5 bath
📐 846 sqft

Brilliant floor plan with a primary suite, 1.5 bath plus enclosed den or 2nd bedroom. No cramped condo kitchen here - enjoy expansive slab granite counters, tons of cabinet space + breakfast bar. Brand new durable laminate vinyl plank flooring installed. True epicenter location with endless options for fun & convenience right at your doorstep & a few blocks from Apple, Amazon, Meta & Google. Investment upside in a transformative area that continues to improve, with high-end life-science developments & hotels happening all around. Marselle amenities include a gym & yoga studio, 3 rooftop view decks with BBQ & pet relief area, community lounge, on-site manager, secured garage parking & storage unit. Pet friendly rules & no rental cap.

03/28/2025

Seattle Real Estate Update - March 2025Trump tariffs, tentative supply/demand, tenant turnovers, tax time, trending up prices, trending down mortgage rates, too many T's!! What does it all mean?TRUMP TARIFFS - Economic and global uncertainty from tariffs has resulted in tremendous stock market volatility, reaching near all-time highs and also posting some of the largest declines in years. TENTATIVENESS - When major national or global events occur, whether or not they directly impact someone's personal daily life, the real estate market often takes a "wait and see" approach until people can fully digest how things may play out in the coming months. While new listings and sales are both up roughly 15% from last year, they still trail historical averages. TENANTS AND TAXES - Many homeowners became unintended landlords during Covid as they purchased a new home and then rented out their former primary residence to preserve their 3% mortgage rate and see if prices would continue to appreciate. Fast forward 2-3 years later, if the homeowner sells the home after renting it for more than 3 years, they could lose their primary residence tax exemption which may result in 15-18% capital gains tax on the profit from the sale. Rather than keeping the home as a long-term rental, we are starting to see these homeowners sell now while their primary residence tax exemption still applies. TRENDING UP PRICES - Median home price in King County of $930k is up $70k since the beginning of the yearTRENDING DOWN RATES - Mortgage rates have declined nearly half a percent from January and have ticked down virtually every week since the beginning of the year. The Federal Reserve held rates steady as expected at their most recent meeting and indicated there will likely be two cuts forthcoming later in the year. MEDIAN HOME PRICES - County and % change month-over-month (MoM) and year-over-year (YoY) for Feb 2025King | $930,975 | 8.3% MoM | -0.8% YoYPierce | $550,498 | -3.6% MoM | -0.9% YoYSnoho | $779,950 | 2.1% MoM | 6.8% YoYKitsap | $535,000 | -2% MoM | 3% YoYMarket activity over the last 7 days - King County Single family homes2015 listings active755 new listings319 price reductions726 listings pending508 listings sold131 listings taken off market (canceled/expired)Average time on market King County: 35 daysAverage sold to list price ratio King County: 102% of current list price, 101% of original list price

03/28/2025

Seattle Real Estate Update - March 2025

Trump tariffs, tentative supply/demand, tenant turnovers, tax time, trending up prices, trending down mortgage rates, too many T's!! What does it all mean?

TRUMP TARIFFS - Economic and global uncertainty from tariffs has resulted in tremendous stock market volatility, reaching near all-time highs and also posting some of the largest declines in years.

TENTATIVENESS - When major national or global events occur, whether or not they directly impact someone's personal daily life, the real estate market often takes a "wait and see" approach until people can fully digest how things may play out in the coming months. While new listings and sales are both up roughly 15% from last year, they still trail historical averages.

TENANTS AND TAXES - Many homeowners became unintended landlords during Covid as they purchased a new home and then rented out their former primary residence to preserve their 3% mortgage rate and see if prices would continue to appreciate. Fast forward 2-3 years later, if the homeowner sells the home after renting it for more than 3 years, they could lose their primary residence tax exemption which may result in 15-18% capital gains tax on the profit from the sale. Rather than keeping the home as a long-term rental, we are starting to see these homeowners sell now while their primary residence tax exemption still applies.

TRENDING UP PRICES - Median home price in King County of $930k is up $70k since the beginning of the year

TRENDING DOWN RATES - Mortgage rates have declined nearly half a percent from January and have ticked down virtually every week since the beginning of the year. The Federal Reserve held rates steady as expected at their most recent meeting and indicated there will likely be two cuts forthcoming later in the year.

MEDIAN HOME PRICES - County and % change month-over-month (MoM) and year-over-year (YoY) for Feb 2025

King | $930,975 | 8.3% MoM | -0.8% YoY
Pierce | $550,498 | -3.6% MoM | -0.9% YoY
Snoho | $779,950 | 2.1% MoM | 6.8% YoY
Kitsap | $535,000 | -2% MoM | 3% YoY

Market activity over the last 7 days - King County Single family homes

2015 listings active
755 new listings
319 price reductions
726 listings pending
508 listings sold
131 listings taken off market (canceled/expired)

Average time on market King County: 35 days

Average sold to list price ratio King County: 102% of current list price, 101% of original list price

02/24/2025

BUY ME!!!

Brilliant floor plan with a primary suite plus rare enclosed den/office space ideal for WFH or additional bedroom. No cramped condo kitchen here - enjoy expansive slab granite counters, tons of cabinet space + breakfast bar. Brand new durable laminate vinyl plank flooring installed. True epicenter location with endless options for fun & convenience right at your doorstep & a few blocks from Apple, Amazon, Meta & Google. Investment upside in a transformative area that continues to improve, with high-end life-science developments & hotels happening all around. Marselle amenities: Gym & yoga studio, 3 rooftop view decks with BBQ, community lounge, on-site manager, secured garage parking & storage unit. Pet friendly & no rental cap.

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$499,900
1 Bed + Den, 1.5 Bath 846 sq ft
699 John St Unit 306, Seattle WA 98109
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Full details 👇
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https://happyhometeam.johnlscott.com/listing/wa/seattle/699-john-street-306-/21019730

Brilliant floor plan with a primary suite plus rare enclosed den/office space ideal for WFH or additional bedroom. No cramped condo kitchen here - enjoy expansive slab granite counters, tons of cabinet space + breakfast bar. Brand new durable laminate vinyl plank flooring installed. True epicenter l...

02/19/2025

Seattle Real Estate Market Update - February 2025

Despite a few snowy days that typically create a pause in the market, the first two weeks of February had nearly twice as many pending sales as the first two weeks of January. Last month saw a replenishment of inventory, with three times as many new listings as December, but was equally met with strong demand, as many market segments are beginning to see the return of multiple offers and bidding wars. Closed home sale prices were down slightly month-over-month, which is typical for the December to January transition, but were up year-over-year.

Following three consecutive rate cuts, the Federal Reserve held rates steady last month as anticipated, and stated “The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid...Inflation remains somewhat elevated.” The Fed is receiving lots of pressure from the new administration to lower rates, time will tell how this dynamic plays out.

Many buyers that have been waiting on the sidelines for mortgage rates to drop these last two years are starting to enter the market place because their life events can no longer be put on hold. We anticipate this pent-up demand to drive a healthy and balanced market with this year's total sales figures returning closer to historical norms versus 2024 and 2023 which had the fewest home sales in the Puget Sound region since 2008.

Median home price by county and % change month-over-month (MoM) and year-over-year (YoY) for Jan 2025

King | $865,000 | -2.5% MoM | 1.8% YoY
Pierce | $571,000 | 2.9% MoM | 5.9% YoY
Snoho | $757,000 | -3.6% MoM | 4.4% YoY
Kitsap | $540,000 | -1.8% MoM | -1.8% YoY

Market activity over the last 7 days - King County Single family homes

1811 listings active
553 new listings
214 price reductions
640 listings pending
356 listings sold
109 listings taken off market (canceled/expired)

Average time on market King County: 47 days

Average sold to list price ratio King County: 99% of current list price, 98% of original list price

Mortgage rates averaged 6.87%

02/14/2025

BUY ME!!!

Peace and quiet found...Live your equestrian dream life on 1.5 acres amongst wooded, rural estates, where you feel a million miles away and yet just minutes from shopping, amenities & commuter routes. The horse enthusiast will enjoy the MD Barnmaster 3-stall insulated barn built in 2018 with 12x12 stalls, each with Dutch doors on the back side that open up to 12 x 36 mud free runs; Locking 12 x 8 tack room; 12 x 8 hay/feed room; plus two separate paddocks, one with a shelter and a third summer pasture. Desirable single-story floorplan with vinyl plank flooring throughout, updated kitchen and bathrooms, primary suite with full bath and sliding glass door that exits to your patio, large picture windows and a cozy wood stove.
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$750,000
3 Bed, 2 Bath 1170 sq ft
20609 SE 216th St, Maple Valley WA 98038
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Full details 👇
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https://happyhometeam.johnlscott.com/listing/wa/maple-valley/20609-se-216th-street-/21014535

Peace and quiet found...Live your equestrian dream life on 1.5 acres amongst wooded, rural estates, where you feel a million miles away and yet just minutes from shopping, amenities & commuter routes. The horse enthusiast will enjoy the MD Barnmaster 3-stall insulated barn built in 2018 with 12x12 s...

01/24/2025

BUY ME!!!

Live the suburban dream with all the conveniences of the city - An enclave of newer custom craftsman homes with large lots in the epicenter of Wedgewood, a vibrant walkable community right out your doorstep & downtown Seattle minutes away. Natural light finds you everywhere you go thanks to oversized windows adorning nearly every wall. Lovingly cared for by the original owner, over 4,000 sqft offers a flexible layout for life's everchanging needs with a wide-open walk-out basement lending itself to a myriad of uses - theater, game room, ADU or MIL suite. Warm-up next to the fireplace in your primary suite's seating area. Impeccable build quality with thoughtful details & accents, freshly painted interior, brand new sod, central AC.

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$1,950,000
5 Bed, 3.5 Bath 4310 sq ft
3216 NE 100th St, Seattle WA 98125
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Full details 👇
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https://bit.ly/Wedgwood_craftsman

Live the suburban dream with all the conveniences of the city - An enclave of newer custom craftsman homes with large lots in the epicenter of Wedgewood, a vibrant walkable community right out your doorstep & downtown Seattle minutes away. Natural light finds you everywhere you go thanks to oversize...

01/16/2025

BUY ME!!!

Welcome to Stumbletown - a vibrant community between Ballard & Phinney Ridge which Seattle Times recently named "one of the most underrated & under-the-radar restaurant rows in Seattle". Commercial/residential opportunity with fifty feet of street frontage & NC2P40 zoning offer a myriad of redevelopment options amongst an ideal streetscape of shops, restaurants & cafes. The existing turn-key home offers all the coveted craftsman details - box beamed ceilings, leaded glass, inlay floors, archways, a backyard oasis - & recently rented on Airbnb for over $7k per month. Street level basement with interior/exterior access offers 920 sqft for possible build-outs & is pre-plumbed for a bathroom. Attached 2-car tandem garage plus off-street parking

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$1,250,000
2 Bed, 1 Bath 2080 sq ft
712 NW 65th St, Seattle WA 98117
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Full details 👇
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Welcome to Stumbletown - a vibrant community between Ballard & Phinney Ridge which Seattle Times recently named "one of the most underrated & under-the-radar restaurant rows in Seattle". Commercial/residential opportunity with fifty feet of street frontage & NC2P40 zoning offer a myriad of redevelop...

01/16/2025

BUY ME!!!

Pride of ownership & care is evident from the moment you drive up & continues throughout this one owner home since new in 1967. Over $60k invested in a brand new septic system. Homes rarely come up for sale in Maplewood Heights and it is easy to see why - with its wooded rural feel, large lots providing ample space between neighbors, & epicenter location minutes from shopping, parks, transit & multiple commuter routes. Recently refreshed with new interior paint throughout, new carpet, new kitchen & bathroom flooring, plus polished hardwoods. Super functional floorplan with 2 bedrooms & full bath on the main floor and 2 bedrooms, a bonus room & full bath upstairs. Shy 1/4 acre lot with mature gardens & fully fenced backyard with shed.

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$799,900
4 Bed, 2.5 Bath 2150 sq ft
14420 143rd Pl SE, Renton WA 98059
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Full details 👇
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Pride of ownership & care is evident from the moment you drive up & continues throughout this one owner home since new in 1967. Over $60k invested in a brand new septic system. Homes rarely come up for sale in Maplewood Heights and it is easy to see why - with its wooded rural feel, large lots provi...