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.

July 22, 2014

Snohomish County Housing Statistics for June 2014

Being a real estate broker it may be easier to sense the changing weather patterns. The winds are calming and the multiple offer storms and perilless negotiations could be subsiding.

We probably aren't the only ones; appraisals are starting to come in 'low' forcing negotiations of a different kind, the renegotiation. With that said, other real estate brokers may be having a difference experience yet review the statistics for yourself and see if the market is shifting, again.

June 2014's Housing Inventory

Snohomish County's housing inventory is at 2.3 months which continues to favor sellers as it has for the last 2 years. Could this be due to a 37% reduction in REO inventory as reported by KCM?

As of 4:31pm there are 2,483 residential units for sale in Snohomish County - these are properties listed on the NWMLS and don't include FSBO's or other for sale properties. 

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July 15, 2014

Neighborhood Spotlight: Chennault Beach & Harbour Pointe

Picture of a home in Harbour Pointe Mukilteo WA

In July's issue of Neighborhood Spotlight we jump to Snohomish County southwestern boarder and the city of Mukilteo and the Chennault Beach & Harbour Pointe neighborhoods. Being two of Mukilteo's premier neighborhoods, Chennault Beach & Harbour Pointe offer luxury homes, mind blowing views, access to a top tier school district, excellent location to Boeing (or other business centers), Naval Station, and medical centers.

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July 9, 2014

Snohomish County New Homes & Lot Sales Report June 2014

Below are data tables from June's recorded lot sales, unrecorded lot sales, and new construction home sales for Snohomish County Washington. DR Hortorn, Seattle Pacific, Pacific Ridge, and Lennar continue to purchase lots, develop, and build. All the sales are in cronological order of sales dates (dates are not included).

Recorded Lot Sales

Buyer Plat Name Area Lot Size Lots Price $
DR Horton Catherine Crest Lake Stevens 0.218 Acres 1 $120k

Unrecorded Lot Sales

Pacific Ridge has two plats and Lozier has one plat in the works in south Snohomish County.

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June 20, 2014

Why Zillow's "Coming Soon" Search Feature will Fail

zillo's coming soon search feature

The real estate industry is ever changing with search functions, new home search apps, various search methods, which brokerage or website has the most property information, who has the latest homes for sale, and this is all inside a highly competitive industry. That competition stems from agent personalities, abilities, and a strong desire to gain more exposure for their listed properties and when viewing the industry at a company level the competition is no-less than fierce.

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June 12, 2014

20 Reasons Title Insurance is Important

Reasons why Title Insurance is Important

Talking about title insurance isn't the sexiest real estate topics out there. Title insurance doesn't have all the pizazz and blinkies of fancy advertising nor does it have the attraction of a HGTV show. Title insurance is the behind the scene work horse that keeps property buyers safe from liens, clouds, and false information that effect a property's possession and title transfer.

What does title insurance do? One word, protection.

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June 5, 2014

The Do's & Don'ts for a Smooth Loan Approval

do's and don't for a smooth pre-approval

To build on yesterday's post Buying a Home Zero Down Doesn't Mean Free here are the Do's and Don'ts for a smooth home loan approval. A common theme is 'as long as the money is in the bank who cares?'. In this day and age risk management is priority, evaluation of funds makes sure those funds are not from terrorist organizations, and people have the debt-to-income ratios that makes sense.

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June 4, 2014

Buying a Home Zero Down Doesn't Mean Free

Buying a home is one of the most rewarding accomplishments. It builds confidence, rewards hard work, and creates a path for future wealth building. However, the trend of assuming zero down means free, or at no-cost, seems to be prolific. Also, the lack of responsibility for having zero savings and expecting everyone else involved 'to make it work' is both disrespectful and unrealistic.

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June 3, 2014

5 Must Use Interactive Snohomish County Maps

Navigating the Snohomish County website is daunting task in itself with endless page links and sometimes frustrating website architecture. I find myself getting sucked into pages and soon land on an intriguing yet unrelated page. The upfront design is getting better but farther into the site traveled the more it appears like web 1.0. However, the vast amount of information on Snohomish County's website makes it a valuable resource.

The other day, while researching potential changes to building rules, I came across a page containing multiple interactive Snohomish County maps. It was nerd heaven especially for someone in my field. I regularly use 2 but the other 3 were some welcomed news.

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May 23, 2014

Neighborhood Spotlight: Eagle Heights

Eagle Heights in Arlington WA

In May's Neighborhood Spotlight we travel north to the town of Arlington and the Eagle Heights neighborhood. Arlington's 98223 is a vast zip code; however, being located on the northside of 172nd and near SR9 - 85th Ave NE is the main neighborhood entrance - Eagle Heights is one of Arlington's most southern neighborhood west of SR 9.

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May 22, 2014

Snohomish County Housing Statistics for April 2014

Snohomish County's housing statistics for April 2014 are published. If you're currently purchasing, or thinking about purchasing, selling a home, or doing both at the same time then you have first hand experienced. Lately, media outlets talk of cash is king and purchase offers are well over listing price. From a ground level, from someone who actively assists buyer and seller, I can say that statement is holding true in Snohomish County.

As recently as last weekend I wrote an offer on a modest High Clover Park home, which has since gone Pending Inspection, for asking price minus 3% seller contribution towards buyer's closing costs, and there were 5 other offers, all over list, and the selected offer being a cash deal.

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