Seattle Market Update
It’s a seller’s market. We are well on our way to another market like we saw in the spring of 2017. Buyers are competing in stiff multiple offers for the chance to buy one of the few available homes for sale in our area. Paul Roberts of the Seattle Times summed it up well by saying “open houses feel more like stampedes”. Ultra-tight inventory, paired with low interest rates and a strong job market, are driving home prices up.
U.S. long-term mortgage rates fell last week for the third straight week, as the benchmark 30-year loan marked its lowest point in three years. According to Freddie Mac, the average rate for the 30-year fixed-rate mortgage declined to 3.45% from 3.51%.
We are excited to let you know that we have invested in a new technology called Homebot. If you are one of our past clients, you will be receiving an email called the “Homebot Digest”. Homebot offers homeowners a highly personalized report containing valuable information about their home. What will Homebot track for you? Current estimated market value, appreciation since you purchased your home, net worth/equity in your home, a breakdown of principal and interest paid and much more.
Initially, your current value will be estimated based on appreciation since you purchased the property, however, If you think the value of your home is incorrect, you can challenge the value to improve the accuracy AND you can request a CMA (comparative market analysis) from us and we’ll readjust the value for you. Alas, Krisanne and Kerstin will not be replaced by robots and we are happy to offer you the same human touch and expertise as always, just let us know.
If you are not one of our past clients but would also like access to homebot, please contact us and we will gladly sign you up (no charge!). Or sign up here.
Did you know?
2020 is a leap year. The chances of being born on a leap day is about 1 in 1,461. People born on February 29 are called leaplings.
Our Listings / Sales
Congratulations to our clients, Maia and Joey, who will get to move into their new home in Shoreline at the end of the month.
We’d love to hear from you
Any questions, comments, or feedback? Contact us any time.
Kerstin and Krisanne
Brooks & Heinze Team at Skyline Properties, Inc.
Kerstin Brooks: 206.276.5827 and Krisanne Heinze: 206.920.2541