Local Real Estate Market Update

A remarkable property to find in-city! This home and lot were especially designed to encourage simple, easy living.

Home prices rose 3% last month, which is the largest gain in a year. Generally, prices have leveled off and there is less competition for buyers. It is still a seller’s market due to the low inventory. Homes that are in great condition in popular neighborhoods still may get multiple offers and have the price bid up. Homes under $500K may also have competition and multiple offers.The condo market has slowed considerably, and condos are getting much more market time.

This time of year, there tends to be fewer listings and homes that have been on the market for a while go under contract, lowering the inventory further. But there are also fewer buyers looking this time of year so it can be a great time to buy.

Meanwhile, I have been busy bringing on two new listings and helping a client buy a new home. I helped a client close on their new home this week, which brings a lot of last-minute tasks, and I had the pleasure of delivering their keys last night.

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Posted on November 27, 2019 at 12:30 am
Don Koonce | Category: Real Estate News & Information, SOLD | Tagged

REAL ESTATE INFO COLUMN: When is the best time to sell?

Welcome to my Real Estate advice column, “Dear Don,” where I answer all your burning Real Estate questions. Send yours to me at donkoonce@windermere.com, and I’ll try to answer them in future columns.

Dear Don:

When is the best time to sell?

Anxious Anne

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Posted on November 21, 2019 at 2:30 am
Don Koonce | Category: From Don, Real Estate News & Information | Tagged

So you bought an investment property, now what?

Investing in a home is a great way to build passive income but earning from your investment will take a little groundwork to become a well-oiled machine. This is your beginner’s guide to owning an investment property so you can set up that foundation properly to avoid future headaches.

Make sure it’s livable

It’s important to start with your home inspection before you start making plans. Use the inspection report to prioritize the maintenance issues.

Before a tenant moves in, make sure the home is livable. Handle the important items that affect the livability of the property, either now or in the near future. If the inspector noticed a leak in the roof or holes that could lead to infestation, take care of those first. Other maintenance issues to prioritize are the fuel and the hot water source.

If your city has inspection and registration requirements, be sure to cross check those inspection checklists with your current property. If the property wouldn’t pass now, make sure it will pass by the time the city sees it.

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Posted on November 14, 2019 at 12:30 am
Don Koonce | Category: Buyers, Real Estate News & Information, Sellers

REAL ESTATE INFO COLUMN: When is the best time to buy?

Welcome to my Real Estate advice column, “Dear Don,” where I answer all your burning Real Estate questions. Send yours to me at donkoonce@windermere.com, and I’ll try to answer them in future columns.

Dear Don:

When is the best time to buy?

Pondering Paul

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Posted on September 24, 2019 at 2:00 am
Don Koonce | Category: From Don, Real Estate News & Information | Tagged

You’ve Moved into Your New Home. Now What?

Congratulations on your new home! You made it through the arduous process that is buying a new home. Now it’s time to take on the task of moving in.

You did your research about the neighborhood and you feel like you know the home like the back of your hand. However, there are some things to do as you move in to protect your newest investment, and yourself, from the unknown variables in and around your home.

Change the locks garage door codes

Previous owners might have changed the locks, but they may not know who all has a key or a code to open your garage, especially neighbors who they trusted to watch their place while they were away. Changing the codes and locks on all the doors ensures that you have complete control over entry to your home.

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Posted on September 16, 2019 at 12:30 am
Don Koonce | Category: Homeownership, Real Estate News & Information

REAL ESTATE INFO COLUMN: Is the housing market crashing?

Welcome to my Real Estate advice column, “Dear Don,” where I answer all your burning Real Estate questions. Send yours to me at donkoonce@windermere.com, and I’ll try to answer them in future columns.

Dear Don:

Is the housing market crashing?

Nervous Nancy

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Posted on August 19, 2019 at 12:43 am
Don Koonce | Category: From Don, Real Estate News & Information | Tagged

Western Washington Real Estate Market Update

The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. I hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me.

by Matthew Gardner, Chief Economist, Windermere Real Estate

ECONOMIC OVERVIEW

Washington State employment jumped back up to an annual growth rate of 2.4% following a disappointing slowdown earlier in the spring. As stated in the first quarter Gardner Report, the dismal numbers earlier this year were a function of the state re-benchmarking its data (which they do annually).

The state unemployment rate was 4.7%, marginally up from 4.5% a year ago. My current economic forecast suggests that statewide job growth in 2019 will rise by 2.6%, with a total of 87,500 new jobs created.

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Posted on August 5, 2019 at 12:30 am
Don Koonce | Category: Real Estate News & Information

REAL ESTATE INFO COLUMN: Is it better to rent or buy?

Welcome to my Real Estate advice column, “Dear Don,” where I answer all your burning Real Estate questions. Send yours to me at donkoonce@windermere.com, and I’ll try to answer them in future columns.

Dear Don:

Is it better to rent or buy?

Questioning Carla

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Posted on July 19, 2019 at 12:30 am
Don Koonce | Category: From Don, Real Estate News & Information | Tagged

To Buy New or Old, That is the Question

Windermere Blog:

We are often asked, “Which is the better buy, a newer or older home?” Our answer: It all depends on your needs and personal preferences. We decided to put together a list of the six biggest differences between newer and older homes:

The neighborhood

Surprisingly, one of the biggest factors in choosing a new home isn’t the property itself, but rather the surrounding neighborhood. While new homes occasionally spring up in established communities, most are built in new developments. The settings are quite different, each with their own unique benefits.

Older neighborhoods often feature tree-lined streets; larger property lots; a wide array of architectural styles; easy walking access to mass transportation, restaurants and local shops; and more established relationships among neighbors.

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Posted on July 5, 2019 at 12:30 am
Don Koonce | Category: Real Estate News & Information

Ten Qualities to Look For in Your Real Estate Agent

Windermere Blog:

Buying a home is one of the most significant financial and emotional purchases of a person’s life. That’s why it is so important to find an agent that can not only help you navigate the home search process but one who can also answer your questions and represent your needs from start to finish. Most importantly, your agent should care about your happiness and ensuring that you find the home that best fits your needs.

Here are some qualities to consider when selecting a real estate agent:

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Posted on June 28, 2019 at 12:30 am
Don Koonce | Category: Real Estate News & Information