The new reality is setting in with changes in our market, and our economy across the board (note seattle times article attached below for further info). There are welcome and positive changes to note with regards to some elements of the current price shifts. We were in need of more balance in the market. It was purely a matter of time before prices leveled off or even slightly declined from the peak, which we are currently seeing. I expect the current 8% change from spring to be a temporary correction given current interest rates rising, and overall mentality shifts in the market. I don't foresee this to be a recession or complete meltdown of the market in any form. Seattle needed more balance, and now it's becoming a great market to be a seller or a buyer. By no means is it a market where buyers are ruling the land. There are still many homes in desirable neighborhoods that are selling with competition. Most notably move in ready homes. I predict 2019 will be the best year and market conditions we have experienced in over 5 years! Don't sit on the sidelines. My advice to any and all clients is to make choices that fit your current needs, and approach your desire to buy or sell based on what your long term goals are. Short term market corrections are exactly that......"short term." Focus on what you desire to make your home for years to come, and you will come out on top regardless of market corrections that take place over that long term time span!Read More
Be close to it all! Welcome home to a nicely renovated condo with new hardwood floors and high ceilings! Amazing access to Northgate Mall, Northgate Park & Ride, future light rail station, and less than a minute to I-5 ramp. Large, covered parking spot directly in front of unit. Private patio for entertaining, and storage unit off of patio. Stainless steel appliances. Plenty of guest parking. Fresh paint throughout. Full size washer/dryer. NO RENTAL CAP and FHA APPROVED!
OPEN HOUSE: 8/19, 12pm-3pm
- List price: $399,000
- Links: Redfin, RE/MAX, Zillow
- MLS listing ID: 1339904
- 1,073 square feet; 2 beds, 1.75 baths
- Neighborhood: Northgate
- Bars + restaurants: Stanford's, La Cabaña, Kizuki Ramen & Izakaya, Watershed Pub & Kitchen
- Shopping: Northgate Mall
- Parks: Mineral Springs Park, Licton Springs Park, Carkeek Park
- Schools: Viewlands Elementary School
- Coffee shops: Monkey Grind Espresso Bar, Green Bean Coffeehouse, Starbucks
- Grocery store: QFC, PCC Community Market
If you would like more information on buying a home or if you are considering selling, my team and I would be happy to answer any questions you may have!
The market has slowed down, SUBSTANTIALLY! Quite frankly, I see it as a welcome trend, and many positives to come from it. It's time for us to get back to healthy market conditions where buyers and sellers are seeing opportunities to buy and sell within reasonable time frames.
I've had two successful contingent offers for buyers in the past 2 months, which has allowed for them to be sellers with feasible timelines on selling and buying at the same time. Those are the first contingent offers I have had in over 4 years! Why is that good? It's good because it creates fair and equitable transition between homes. All those sellers that have been asking "Where would I go if I sold???" you now have time and opportunities to buy with feasible timelines given rent back's are possible and contingent offers aren't impossible. That allows for sellers to make a move to your next home you have been dreaming of by upsizing or downsizing as needed.
Make no mistake, this is still a seller's market, but the question is becoming whether it will continue to be a seller's market if supply continues to pick up at the current rate, and as interest rates continue to climb.
Check out the article below for further insights. For any further guidance or recommendations on the value of your home, or how to best approach a possible move, please feel free to call or email with any questions. Thanks!
Have you heard that trends in the Puget Sound region's real estate market have noticeably changed in the past few weeks? Take a look below for a quick snapshot of the market. If you have questions or would like help navigating the market, my team and I are always here and available to help.
The central Puget Sound region housing market is still hot, but competition on homes has noticeably declined in all price points over the last month, and homes are staying on the market longer. This is particularly evident in the Seattle Metro area, where the rate of sale price increase has declined and is now below the rate in King County overall. This is indicative of prices leveling off, which is encouraging news to buyers in the market though still favorable to potential sellers. If you’ve been reluctant to sell because of potential options to purchase after your sale, at this juncture in the market you will find more flexibility in your options to either downsize or upgrade, depending on your needs.
Year over year, spring sees the most competition, but summer and fall have become the best time of year overall for a buyer. Interest rates are also still low, though are increasing and may not be as favorable next year as they are now. If you are thinking about buying, now is the time! Contact us so that we may guide you, and put our expertise in this market to work for you!
Hello and welcome to Aslin Real Estate! As my first blog post, I wanted to give a quick introduction to myself and what my clients and being a real estate broker in the Greater Seattle area and the Eastside mean to me. I love my work, my team, and my family of friends who I have the pleasure of working with every day. My work is incredibly rewarding and I am so grateful for the the opportunities that this career has opened me up to, as well as the people who I have met and now can call my friends. I hope that the video below does justice to how much you all mean to me.
I have the best clients and owe a huge thank you to those who took the time to talk about their experiences with me as their broker. I also need to thank my videographer, Tom Ciaburri and his team at Honey Toad Video Productions for not only being so easy to work with, but also producing a fantastic end product.
I hope to begin posting here about upcoming news, listings, and tips for buyers and sellers, as well as my personal journey through a major home remodel. Thank you for watching and please let us know if we may answer any questions or be of any assistance to you with your real estate needs!