Snohomish County Real Estate Blog, News, & Statistics
The Snohomish County real estate blog address news and statistics which are pertinent to the real estate buyer, seller, and investor. Our goal is too provide educational information so people can make the best housing decision for them and their lifestyle. Please feel free to ask questions, participate in discussions, and share your experiences.
Summer has arrived. It's sunny, warm, and not a hint of rain in the forecast. Summer 2015 is shaping up to be a great one and with that, take advantage of it. In the continue Washington Tourism Series we take a look at something deeply rooted in Washington, trains.
On May 31st, the family loaded up to explore the Mt. Rainier Scenic Railroad and Museum. Coffees and hot cocos in hand, the adventure began in the morning's wee hours with us departing Arlington and arriving in Elbe, Wa. The drive was easy enough due to the time we left as well as parking and boarding the train.
On the 40 minute ride to the museum, the kids (ok us adults too) ate popcorn and had waters, which were available on the train, while taking pictures and video of our adventure. The ride was fun and the scenery spectacular though it would have been nice to see Mt. Rainier with no cloud cover. But that is Washington.
The video below shows our family's adventure starting at the train depot, to the museum, and ends with aerial drone video. Special thanks to MTSR for granting permission to fly at the museum and we hope you like the video. Get out there and explore Washington, you'll be glad you did.
Below are four charts describing the Snohomish County real estate market: Average days on market (how long a home is listed prior to selling), monthly housing inventory (how many months it takes to sell all the active inventory), median home prices (the midpoint home price), and a 90 day perspective report.
Average Days on Market
The average days on market continued to decline through the end of May, to 31 days. By May's end, homes were taking a month to sell even though some micro markets were, and still are, experiencing much shorter time frames.
On Friday May 29, 2015, we received official authorization from the Federal Aviation Administration to legally operate a unmanned aerial system (UAS), more commonly known as drone, to market and advertising real estate and homes.
Read the full exemption on FAA.gov at:
Exemption No. 11717
Regulatory Docket No. FAA-2015-0102
Even though we've been filming homes for advertising, it was important to us to legally film and photograph real estate. That day has come and we're so excited.
Are you interested in hiring real estate agents who are authorized by the FAA? If so, learn more and contact us to start today.
In the continued series of Snohomish County drone tours, we take a fly out to our new listing at 5924 Mero Rd Snohomish. Besides all the fantastic interior photos, the drone video appears at the beginning and a the end of the video.
My favorite, portion of the video is the end. Having to be on the water to film, the copter was flown up the walkway and through the towering Evergreens. The fly away video came out smooth and shows the home from a superb vantage point - at least we think so.
Watch the video and let us know what you think.
Are you getting the feeling like good homes are tough to purchase? At every opportunity, are faced with multiple offers and sellers accepting offers over list price? Market velocity has increased, home prices have escalated, and affordability is something from a by-gone time reminiscent of the foreclosure fallout. Without further ado, here are March 2015 housing statistics.
Snohomish County Housing Inventory
2015 has been marked by ever decreasing housing inventory and even less "good" homes for sale. As of March, housing inventory was down to 1.2 months (an equal housing market is 6 months) of standing inventory which greatly favors sellers. This low inventory is the key factor why buyers have to compete so heavily with each other.
As you may or may not know, we are conducting aerial drone videos for real estate. Yep, you've heard right. A few months ago we purchased a DJI Phantom 2 H3-3D and a GoPro 4 Black for residential real estate tours. Needless to say, we are pretty proud of the results.
Below is a video for 6103 Storm Lake Rd, which is part of the Three Lakes area in Snohomish, that shows the property's position to it neighbors, surroundings, its low bank waterfront, and the home proximity to Flowing Lake (wait till the end).
Enjoy the views and the soft music.
In this installment of the Washington Tourism series, travel east and down the scenic Stevens Pass Highway (SR 2). Not sure where to start? Not a problem. From Everett take the SR 2 exit towards Monroe and keep driving through Sultan and Gold Bar. Keep driving past Skykomish, or stop to take in their sites, to Deception Falls.
Not to be confused with the Deception Pass, Deception Falls is a State Park right off the northside of SR2 and features walking trails, a walking bridge, which can be seen in the video, and is a fantastic place to take pictures and video.
Get out this year and enjoy this well kept secret.
Have you been thinking, considering, or kicking around the idea of selling a Snohomish County house, home, or investment property in 2015?
If so, then there are many things to consider; market conditions relative to specific local and neighborhood, how a city's real estate climate is trending, the volume of housing inventory, and even the velocity of the market place.
In addition to the housing climate, you'll want to consider how the home or property will be sold. Will a real estate broker be used or will it be sold for sale by owner? Both of the options have their own pros and cons.
In this blog post, we'll explore how to sell a house in 2015, what it will take to be competitive and what techniques can be used to gain exposure.
Ever thought about taking a road to Winthrop or Pearrygin Lake? It is highly recommended and is one of the most scenic drives in all of Washington. The journey starts at I-5 and SR 20. Take SR 20 east through Sedro Woolley, Concrete, and Marblemount to the high altitude destination of the North Cascades Highway.
The North Cascade Highway takes its travelers through two very unique views, Diablo Lake with its turquoise waters and South Early Winter Spire with its towering peaks at the Washington Pass Overlook. Both can be seen in the video below.
Take a look and see what the Spring and Summer months could bring (note that the highway is closed in the Winter).
Have you recently relocated to Washington State? Wondering what's there to do in a State known for clouds and grey skies, rain, drizzle, and rocky beaches?
Then read up on recreational activities in Washington State and stay tuned for more in this series in this recreation series. I'm of the opinion, that living in the Pacific Northwest takes a "whole bunch" of getting outside, even when the weather isn't cooperating.
In the video below, you'll get a unique look at one of Washington's most visited attractions, Deception Pass State Park. Even with cloudy weather during the flight, Deception Pass offers remarkable views: the Cascades, from Mt. Baker to Mount Rainer, Deception Island, Strawberry Island, Ben Ure Island, Macs Cove and Miller Bay.
Visiting the Park is a must-do if you're just arriving to the State just be aware that nearly 2 million people visit the area annually. Enjoy!