Page not found – Greg Abbott https://greg-abbott.com Real Estate Thu, 24 Aug 2023 21:22:27 +0000 en-US hourly 1 SOLD in Lakeridge – Seattle https://greg-abbott.com/2023/08/24/sold-in-lakeridge-seattle https://greg-abbott.com/2023/08/24/sold-in-lakeridge-seattle#respond Thu, 24 Aug 2023 21:22:27 +0000 https://greg-abbott.com/?p=28591 SOLD in LAKERIDGE   $853,000 7925 S. 112th St. Seattle, WA  98178 Beautifully updated craftsman charmer with views of Lake Washington in the popular Lakeridge neighborhood. An expansive front porch greets you and hardwood floors & gorgeous millwork welcome you. Living room with cozy gas fireplace opens to updated kitchen with granite counters, gas range, stainless […]

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SOLD in LAKERIDGE   $853,000

7925 S. 112th St.
Seattle, WA  98178

Beautifully updated craftsman charmer with views of Lake Washington in the popular Lakeridge neighborhood. An expansive front porch greets you and hardwood floors & gorgeous millwork welcome you. Living room with cozy gas fireplace opens to updated kitchen with granite counters, gas range, stainless steel appliances including Bosch dishwasher. Dining room w/ French doors opens to huge sunny deck & fenced backyard. Two main floor bedrooms plus updated full bath. Upstairs primary suite with lake view, soaking tub, walk-in dual-head shower, granite counters w/2 vanities. Finished basement with rec room for your big screen TV and/or playroom, plus spacious laundry room. Gas heat & water heat, central AC, 3-yr old roof +++

 

Selling Your Home?
Call (425) 466-8786  or  Email: GregA@windermere.com

Greg Abbott
Managing Broker, Realtor
Windermere Real Estate / East

Go HERE for Further Info

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Real Estate Market Update – August 2023 https://greg-abbott.com/2023/08/24/real-estate-market-update-august-2023 https://greg-abbott.com/2023/08/24/real-estate-market-update-august-2023#respond Thu, 24 Aug 2023 20:35:48 +0000 https://greg-abbott.com/?p=28583 The dog days of summer are upon us, and along with stifling heat comes a sluggish market. High interest rates and a dearth of available inventory are driving prices up and slowing sales across the region. One major contributor to the low supply of homes is the phenomenon of homeowners protecting their sweet pandemic-era mortgage […]

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The dog days of summer are upon us, and along with stifling heat comes a sluggish market. High interest rates and a dearth of available inventory are driving prices up and slowing sales across the region.

One major contributor to the low supply of homes is the phenomenon of homeowners protecting their sweet pandemic-era mortgage rates of 3-4%. Rather than selling and having to manage interest rates that are currently in 7% range, they are choosing to stay put. This means homes that otherwise might have been on the market this time of year are also staying put, and would-be buyers are competing for very limited inventory.

According to Windermere Chief Economist Matthew Gardner, July’s active listings in the tri-county market were fewer than in any July on record, excepting the pandemic year of July, 2021.

Gardner also noted that “With mortgage rates unlikely to move tangibly lower during the balance of the summer, I don’t expect the market to move much over the coming months, both in terms of sales and prices.” But he did add that “If the economy starts to soften this fall, rates could start to fall and this could revitalize the market.”

The key now seems to be accurately pricing the listings that are available. While there’s limited inventory, mortgage rates are putting a damper on buying power. Buyers may already be forced to compromise on lifestyle and location for mid-tier properties. They won’t want to compromise on price as well.

In King County, the median sold price for a single-family home was $897,500 in July, up from $890,000 in July, 2022. Condos also saw a boost, landing at a median of $510,000 last month—up from $490,000 a year ago. This is likely due to high demand and strong competition from buyers in the area.

In Seattle, the necessity of pricing homes accurately is clear. As an example, 69% of Seattle single family homes sold in under 15 days in July, and these generated sold prices that were 100.1% of their list price. Those that took longer than two weeks to sell, however, closed at 97.5% of list price.

Seattle sold prices softened a bit in July. The median price for a single-family home in the city was $899,950, down from $954,500 a year ago. On the other hand, condo prices rose to $550,000 last month, up from $537,000 a year ago.

Low inventory on the Eastside had the effect of pushing up home prices in July, when the median sold price of a single-family home was $1,500,000. That’s an increase from $1,420,000 in July 2022. It’s also the first month since September of last year that Eastside median prices have increased from the year prior, so the mid-summer market has shown some heat. Eastside condo prices also increased last month, with a median sold price of $600,000, up from $575,000 a year ago.

Snohomish County saw prices soften slightly last month. The median sold price for a single-family home dropped from $770,000 last July to $751,250 this July. Even with less than one month’s inventory, interest rates are slowing sales and causing prices to drop. Condo prices also dipped slightly, from $500,000 in July 2022 to $495,000 last month. The county’s condo market had only .7 months of inventory, but this supply squeeze couldn’t completely counter high interest rates when it came to the impact on sold prices.

Looking ahead, it’s clear that now more than ever, sellers and buyers need to tether their real estate interests to a knowledgeable broker who will help them navigate these fluctuating market dynamics. If you have questions about what current market conditions mean for you, reach out to your Windermere broker.

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SOLD in Heritage Estates   $1,282,250 https://greg-abbott.com/2023/08/24/sold-in-heritage-estates-1282250 https://greg-abbott.com/2023/08/24/sold-in-heritage-estates-1282250#respond Thu, 24 Aug 2023 19:25:51 +0000 https://greg-abbott.com/?p=28575 13763 173rd Ave SE Renton, WA  98059 The open & spacious floor plan features a chef’s kitchen, SS appliances, walk-in kitchen storage, 5 BR, 2.5 bath and 3 car garage. The south facing bedrooms, living room & kitchen ensures plenty of precious natural sunlight! The 5th bedroom can easily serve as a home office/den. The […]

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13763 173rd Ave NE, Renton, WA
13763 173rd Ave SE
Renton, WA  98059

The open & spacious floor plan features a chef’s kitchen, SS appliances, walk-in kitchen storage, 5 BR, 2.5 bath and 3 car garage. The south facing bedrooms, living room & kitchen ensures plenty of precious natural sunlight! The 5th bedroom can easily serve as a home office/den. The fully fenced backyard has an open and great view! The private driveway separate from the main road provides an ideal space without traffic concerns. A playground next door+2 more playgrounds in the community. Close to grocery/shops/restaurants!

 

Selling Your Home?

Call (425) 466-8786  or  Email: GregA@windermere.com
Greg Abbott
Managing Broker, Realtor
Windermere Real Estate / East

Go HERE For Further Details

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Cle Elum Land Sale https://greg-abbott.com/2023/08/24/cle-elum-land-sale https://greg-abbott.com/2023/08/24/cle-elum-land-sale#respond Thu, 24 Aug 2023 19:03:40 +0000 https://greg-abbott.com/?p=28565 Cle Elum Land Sales Cle Elum | Easton | Roslyn | Snoqualmie Pass | Suncadia | Tumble Creek Listed & Sold in 3 Days $148,000 1708 Westside Road Cle Elum, WA  98922 Beautiful 1.92 acres that sits way back off Westside Road in an established neighborhood of nice homes. Large level area for your home […]

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Cle Elum Land Sales
1.92 Acre Lot at 1708 Westside Road in Cle Elum, WACle Elum | Easton | Roslyn | Snoqualmie Pass | Suncadia | Tumble Creek

Listed & Sold in 3 Days

$148,000

1708 Westside Road
Cle Elum, WA  98922

Beautiful 1.92 acres that sits way back off Westside Road in an established neighborhood of nice homes. Large level area for your home or cabin or bring your camping trailer and park it for weekend fun. No HOA. Towering evergreens and a babbling creek below, make for a perfect escape from the city, for a part-time or full-time residence. Well needed for water but in ‘green zone’ for 2-week OTC water cert. Electricity is available from down the gravel drive. Just a little over a mile from S. Cle Elum so super convenient to town and I-90. Less than 90 minutes from Bellevue/Seattle.

Selling Your Property?
Call (425) 466-8786  or  Email: GregA@windermere.com

Greg Abbott

Managing Broker, Realtor

Windermere Real Estate / East

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LISTED & SOLD. Recreational Acreage Near Suncadia https://greg-abbott.com/2023/07/31/listed-sold-recreational-acreage-near-suncadia https://greg-abbott.com/2023/07/31/listed-sold-recreational-acreage-near-suncadia#respond Mon, 31 Jul 2023 18:02:39 +0000 https://greg-abbott.com/?p=28553 Gorgeous 11 acres off a road less traveled, yet close to everything. Babbling seasonal creek greets you at the lower portion of the property, with valley and mountain views at the top of the gently rolling ridge. This property is in Section 22 and accessed through Suncadia’s gated community of Tumble Creek, yet is not […]

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Gorgeous 11 acres off a road less traveled, yet close to everything. Babbling seasonal creek greets you at the lower portion of the property, with valley and mountain views at the top of the gently rolling ridge. This property is in Section 22 and accessed through Suncadia’s gated community of Tumble Creek, yet is not part of their HOA’s. There’s currently no electricity in the immediate area so it’s an off-grid (think Solar or generator) recreational escape for now …and an investment for the future. Since access is through the gated golf community of Tumble Creek, an appointment must be made for viewing. Your weekend getaway in the sun, just 90 minutes from Bellevue/Seattle! For More Details click HERE

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NOW PENDING – Country Estate in Monroe – Listed at $1,595,000 https://greg-abbott.com/2023/07/27/now-pending-country-estate-in-monroe-listed-at-1595000 https://greg-abbott.com/2023/07/27/now-pending-country-estate-in-monroe-listed-at-1595000#respond Thu, 27 Jul 2023 20:29:48 +0000 https://greg-abbott.com/?p=28537 Stunning country estate with a beautiful 3,442sf main home & an equally exquisite 1,240sf DADU with it’s own entrance over the 4-car garage on a super private 4.68 Acres. Click HERE for full listing details.

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Stunning country estate with a beautiful 3,442sf main home & an equally exquisite 1,240sf DADU with it’s own entrance over the 4-car garage on a super private 4.68 Acres. Click HERE for full listing details.

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Lot 3 near Snoqualmie Ridge – $475,000 – Now Pending https://greg-abbott.com/2023/07/27/lot-3-near-snoqualmie-ridge-475000-now-pending https://greg-abbott.com/2023/07/27/lot-3-near-snoqualmie-ridge-475000-now-pending#respond Thu, 27 Jul 2023 20:15:36 +0000 https://greg-abbott.com/?p=28531 Lot 3. One of four adjacent acre + lots from $425,000 – $490,000 just off I-90 and a couple miles from ever-growing Snoqualmie Ridge. Super convenient to shopping and freeway access to either I-90 or SR-18 for commuting. Great opportunity to build on a large 60,984sf lot and not be in a neighborhood with HOA […]

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Lot 3. One of four adjacent acre + lots from $425,000 – $490,000 just off I-90 and a couple miles from ever-growing Snoqualmie Ridge. Super convenient to shopping and freeway access to either I-90 or SR-18 for commuting. Great opportunity to build on a large 60,984sf lot and not be in a neighborhood with HOA or restrictive CC&R’s. Power & Water available. Click here for more info.

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