Seattle Market Update
In the City of Seattle, the median price of $750,000 dipped 3.2% from last year. Prices are up in the rest of King County:
– Eastside ($928,500; 4.33% up from last year)
– North King County ($630,000; 5.09% up from last year)
– Southwest King County ($436,750; 7.84% up from last year)
– Southeast King County ($468,550; 2.98% up from last year)
The median sales price for single family homes in Snohomish County was $492,500 (up from $484,995 last year); in Kitsap County it was $396,263 (up from $355,706 last year); and in Pierce County it was $384,500 (up from $352,750 from last year) (Source: Northwest Multiple Listing Service).
In brief, areas with affordable homes are seeing price increases and areas with more expensive homes are seeing price decreases or prices holding. Directly north and south of Seattle, the more modestly priced cities of Everett and Burien, where prices hover around $500,000, saw year-over-year price growth of roughly 8% and 13%, respectively. Sammamish is a standalone phenomenon where prices are way up because it is one of the few areas with highly sought after new construction inventory for the more affluent.
According to Freddie Mac, the 30-year fixed-rate average fell to its lowest level in a month, dropping to 3.57%, with an average 0.6 point. (Points are fees paid to a lender equal to 1% of the loan amount and are in addition to the interest rate.) It was 3.65% a week ago and 4.90% a year ago.
10717 Burke Ave N #E, Seattle, WA – $365,000 – SOLD, October 2019
Modern Northgate Townhouse – 2bed/1.5bath + garage.
4207 S. Willow St, Seattle, WA – $535,000 – SOLD, October 2019
Mid-Century Rambler in Zen Garden Setting – 3 bed/1bth.
Want to save some money and help the environment thrive? Here are a few key tips that will improve the efficiency of your home this season. Take simple steps like caulking windows, sealing leaks around chimneys and recessed lighting, and sliding draft guards under your doors to save up to 20% on heating costs. Don’t waste money heating or cooling an empty home. Install a programmable thermostat and in colder weather schedule your home’s heat to lower when you are away or asleep and increase when you are returning home or waking-up. Have your furnace cleaned and serviced. Also, change furnace filters regularly. A poorly tuned furnace and dirty furnace filters will make your heating system work harder to keep you warm and cost you more money.
Did you know
October is Fire Awareness Month. This year, the National Fire Protection Association (NFPA) encourages everyone to make a home escape plan. This plan includes working smoke alarms on every level of the home, in every bedroom, and near all sleeping areas. It also includes two ways out of every room, usually a door and a window, with a clear path to an outside meeting place (like a tree, light pole or mailbox) that’s a safe distance from the home. Home escape plans should be practiced twice a year by all members of the household.
Thank You – Congratulations
Thank you to Marie Clare Benson for the referral!
Congratulations to Ciara and Alberto on the sale of the townhouse and congratulations to Julie and Joel on the sale of their home!
We’d love to hear from you
Any questions, comments, or feedback? Contact us any time.
Brooks & Heinze Team
at Skyline Properties, Inc.
Kerstin Brooks: 206.276.5827
Krisanne Heinze: 206.920.2541