Maximize Home Value | Market News & Stats Blog

Wednesday, October 14, 2020   /   by Laura Lynn

The #1 Reason Not to Wait to List Your House for Sale

Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them.
Mark Fleming, Chief Economist for First American, just reported:
“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”
Buyer demand is still strong heading into the fall. ShowingTime, which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% compared to the same time last year. They went on to say:
“Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September.”
There Is One Big Challenge
Purchaser demand is so high, the market ...

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  northwest real estate, real estate, real estate market statistics, housing supply, economy, home seller, maximize home value

Monday, May 25, 2020   /   by Laura Lynn

Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC]

Some Highlights


Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level.



Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan.



Let’s connect to determine the best way to position yourself for a move in today’s market.


Want to discuss this further? Call us at 425-209-0204 or email laura@nwret.com 

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  northwest real estate, real estate, real estate news, real estate market statistics, pnw, washington, economy, home values, maximize home value

Saturday, February 1, 2020   /   by Laura Lynn

February 2020 Market Update

Welcome, February!















 Please Join Us @ Our New Office Grand Opening


RSVP Text Laura 425.647.0550















We are well into the Winter season and have officially checked off one month into the new year! To help you ring in the shortest month of the year and find ways to show your loved one just how special they are on Valentine's Day, we've gathered some great local events, date night recipes, unique getaways, and much more to embrace all that February is about to bring us!















January 2020 Market Recap










Median Sales Price (King County) 




2019 $565K    2020 $590K   UP 4.4%






Median Sales Price (Seattle) 



2019 $640K    2020 $670K   UP 4.7%





Median Sales Price (Eastside)





2019 $800K    2020 $780K    DOWN 2.5. ...

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  northwest real estate, real estate, home buyer, home seller, northwest real estate team, real estate news, real estate market statistics, washington, pnw, compass concierge, compasssellerspotlight, maximize home value, newsletter, local events, compass bridge loans, compass cares, luxury real estate

Wednesday, January 8, 2020   /   by Laura Lynn

The New Spring Real Estate Market is Here. Are You Ready?

Which month do you think most people who are considering buying a home actually start their search? If you’re like most of us, you probably think the surge happens in the spring, likely in April. Not anymore. According to new research, January 2019 was only 1% behind February for the most monthly views per listing on realtor.com.
So, what does that mean? The busiest season in real estate has just begun.
The same research indicates,
“Historically, April launched the kickoff of the home shopping season as buyers would come out of their winter hibernation looking for their new home. However, the spring shopping season now starts in January for many of the nation's largest markets.”
With the reality of fewer homes on the market in the winter, and that supply naturally increases as we head to the spring market, waiting for more competition to list in your neighborhood this year might put you behind the curve. Perhaps now ...

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  home seller, northwest real estate, real estate news, home buyer, real estate market statistics, pnw, real estate, maximize home value, northwest real estate team, washington