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Archive for the ‘Seattle News & Events’ Category

NWMLS, January, 2013. Home buyers around western Washington made offers on 5,314 residences during December, out numbering the 3,857 owners who listed their homes for sale.

The imbalance helped push up prices and further thin the already depleted inventory.

While the expected seasonal slowdown occurred last month, determined buyers were undaunted by sparse inventory and record-breaking rainy days, according to December statistics from Northwest Multiple Listing Service.

This is a unique housing market marked by an unprecedented fourth straight month when pending sales outnumbered new listings.

MLS members tallied 5,267 closed sales during December, outgaining the same month a year ago by 526 transactions for an increase of about 11.1 percent.  The 2012 total of 64,624 closed sales was 14.8 percent higher than the volume reported for 2011.

Brokers expect the housing market rebound to continue, while cautioning sellers to refrain from becoming too aggressive and are expressing hope for “controlled natural growth” to sustain the recovery. They also believe distressed properties, rising rents and re-engaged investors will have an impact on activity for the foreseeable future.

The median price for King County was $342,000, while the average price in King County was $425,000, reflecting a gain of more than 17.5 percent.  Prices rose by double digits in ten of the 21 counties in the Northwest MLS service area.
Prices and the number of multiple offers may be rising in part because of shrinking inventory. At the end of December, there were only 17,718 properties for sale, which compares to 26,639 active listings for the same time a year ago (down 33.5 percent). Months of supply declined to 3.3 months, down from about 5 months of supply for the same period a year ago.

Low unemployment, less inventory, low interest rates and rising rents are among factors that will create a strong housing market in 2013.  The return of first-time buyers who find it is becoming cheaper to own than rent given today’s low, low interest rates!

Your questions regarding these fine properties, your property, other properties or the real estate market in general, are welcomed. I look forward to your call. My direct number is: #206-528-4432 or send me an email at: mpeters@sellingseattle.com. Or go to: www.michaelpeters.net for more photos of great homes.

The Seattle area real estate market is finally gaining momentum after a couple years of sluggish results.  The lower prices coupled with fantastic interest rates has created excitement in the savvy buyers minds.

They are seeing montly payments significantly lower than rents would be for the first time home buyer homes.

Then after you take off the tax savings, buyers again have big smiles on their faces.

This means if you are thinking about buying a new home or selling your current home, you might want to act now because depending on the condition of your home, it can take 2-3 weeks or 2-3 months to prepare you home for market and the prime spring selling season is here.

If you would like a free, no-obligation, strategic pricing  analysis for your home, call 206-528-4432 and find out how you can take advantage of this upswing in the roller coaster housing market.

There’s always something going on in Seattle from the Seattle Center to Pike Place Market. Regardless of the weather you can find something in any number of Seattle’s charming communities to do, indoors or out. If it’s a nice, sunny day Pike Place Market is perfect with it’s fun variety of shops, restaurants and night clubs. Besides Pike Place market the Seattle waterfront itself offers stunning views, the Seattle Aquarium, the Odyssey Maritime Discovery Center and the spectacular Myrtle Edwards Park. Got the rainy day blues? Check out Seattle’s best activities.

Click here for more information.

There are so many ways to avoid paying the 520 tolls that commuters are at a loss for the best way to go. I mean you have choices like telecommuting, van pools, car pools and buses; which is the best choice for your situation and location?

Fortunately location transportation agencies have developed a new website that is just for weary 520 commuters and it is packed with useful information that should answer all your questions and more. You’ll have information like the following at your fingertips:

1.  A list of bus routes, both Sound Transit and Metro that take commuters to both sides of the like

2.  How to join a van pool or put one together yourself (Registered van pools don’t have to pay tolls).

3.  A great map of all the Eastside park and rides around 520 along with information about how many spaces are in each and when they are typically full. A plus with Eastside park and ride’s are that they’re free!

4.  Advice on telecommuting and cutting your transportation costs.

5. Everything first time bus riders should know to make their commute easy.

Keep this website address handy if you’re going to be travelling 520. It can be a real time and frustration saver!


Seattle is a vibrant and sophisticated city surrounded by lush natural beauty and an abundance of recreational activities. In 2011, it was actually ranked by the Walk Score as the 6th most walkable city out of fifty of the United State’s largest cities. The downtown area is filled with a variety of restaurants from 5 star to quirky little eateries, museums and galleries, great shopping The famous Pike Place Market, Seattle Aquarium and more.  It is surrounded by beautiful waterways, three national parks and two breathtaking mountain ranges. To the west of Seattle you’ll find the only temperate rain forest in the entire continental U.S. To the east of Seattle you’ll find Washington states world class wine region.

All of Seattle’s surrounding cities have their own unique charm with real estate ranging from high end condos, to multi family homes and mansions. You’ll find beautifully renovated historical real estate, some that were ancient building converted to condos and other harming Victorian homes and brick Tudors. Whatever you’re looking for in Seattle real estate you’ll find. Your dream home is just waiting for your real estate agent to find it for you.

If you have any questions regarding Seattle real estate, community information and event, or want to know more about the current market conditions, give me a call or shoot me an email. I’d be happy to help.

Mike Peters

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