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.
Get Started with our 4 Top Reads
Can you believe it, the rain has returned and the snow has all melted. At our house, we had snow holding on during the cold days yet its all since faded. Here is a video from late December which gave us a While Christmas.
When choosing and purchasing a home, items and time sensitive tasks are common and usually continue all the way till closing. Some of these items are scheduling showing appointments and showing homes, learning neighborhoods and areas, writing and submitting offers, negotiating contract terms, conducting home and septic inspections, and loan applications and appraisals.
Now that we understand what is a short sale property is, we'll continue on with these types of properties with Learn How to Buy a Short Sale Property. Buying a short sale properties can be complex, cumbersome, patience testing, confusing, vague and frustrating while seemingly never ending. However, short sale properties also offer advantages, like a good deal.
So, in How to Buy a Short Sale Property we'll be discussing terminology, the parties involved, how to submit a offer, and the closing process.
Join us for a quick video tour, complete with drone video, of this lovely Snohomish home. Located just north of Cascade View Elementary School and off Hill Rd, don't forget King Charley's Drive In, and near Snohomish Station. Enough can't be said of this place so please enjoy the video.
Are you noticing a shift in Snohomish County's real estate market? We have. Since July 2016 market times have increased and price reductions are becoming more common. However, below are the real estate statistics for July 2016 which will cover:
- Housing Inventory
- Days on Market for Pending Properties
- Supply and Demand Figures
- 90 Day Perspective Report
Snohomish County Housing Inventory July 2016
How low can it go? Two years ago the housing inventory was really starting to favor the sellers. Most of the bank owned and short sale inventory was being consumed and equity based situations were on the rise. Now, the market trend has been very strongly in the sellers corner with July 2016 having 1.3 months of standing inventory.
In the next evolution to seller marketing, we are happy to announce that the Barnett Associates Team offers complimentary 360° Video tours for every home we list. There are some bugs to work out, with audio and clarity, yet it is an exciting time for our sellers and us.
Watch 823 E. Lakeshore Dr in Lake Stevens in VR format by moving a phone/mouse in any direction to see more of the home. Need a longer look at a particular feature? Not to worry. Pause the video and pan around to take a in-depth look.
Without further ado, here is E. Lakeshore Dr in VR.
If you have been looking in Arlington for a large plot of land then you may have already seen this property. This property is only one of a small handful of Snohomish County properties that are greater than 50 acres. Located of Jordan Trails Rd, and on the southside of Jordan Bridge, there is prime development opportunities yet you may not want to after seeing the beautiful setting. Enjoy the paved, private and winding driveway through old growth trees in park like setting, past the private and fully fenced pond and up to your home.
Official Listing Webpage: http://www.barnettassociates.net/property/1007738/
As a follow up to the solar home value blog, a video was made. A&R Solar allowed us to use GoPro's to film the installation to make a video for both the homeowner and our use. This is not a typical installation video where there is discussion on system specifications, system requirements, system costs, and how much production the solar provides. It's a GoPro style video with music, cool scenes, and video production flow. We think it turned out pretty good and if you enjoyed please Like it on YouTube. Enjoy!
Snohomish County is experiencing a real estate climate reminiscent of the hay-days of 2005-2007 and for a seller its one of the single greatest times to list a property. Inventory is low and demand is still steady yet what are the actual statistics with:
- Housing Inventory
- Days on Market
- Most Competitive Price Points
- Median Prices for Main Cities/Towns
Months of Available Housing Inventory
Inventory is scare and the last two months are the lowest inventory levels in history at 1 Month. So if you're feeling there is nothing available, you're right.
In this blog post, we'll be trekking into the unknown world of Photovoltaics (PV) to answer the emerging question Will solar power increase a home's value?
To understand how solar power increases a home value, we'll go through:
- Understanding Photovoltaic (PV)
- What Incentives are Available to Homeowners
- How Appraisers are Giving Value to PV
- What the Value Means Locally in Snohomish County
Starting this journey, it is important to understand what PV is. In the short, PV is adding solar panels to a property to produce power which the homeowner can immediately use. Wikipedia's definition is a bit longer: