Snohomish County Real Estate Market May 2024
John L Scott Ballard Real Estate Blog
by Jason Fox
13h ago
SNOHOMISH COUNTY HOUSING MARKET AT A GLANCE Click Image To View Full Size TABLE OF CONTENTS Snohomish County Housing Market Video Quick Stats Analysis Lennox Scott Analysis Sales Activity & Inventory Days On Market Price Interest Rates Timing Job and Population Growth NWMLS Stats Seattle Homes For Sale Summary WHAT'S MY HOME WORTH?  3 KEY INDICATORS SNOHOMISH COUNTY HOUSING MARKET SALES ACTIVITY INTENSITY: 79.9% (EXTREME FRENZY) INTEREST RATE: 7.38% (UNCOMFORTABLE) INVENTORY LEVEL: .7 Month (SEVERE SHORTAGE) THE BIG DEAL The normal spring market intensity has kept the inventory low a ..read more
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Seattle Real Estate Market May 2024
John L Scott Ballard Real Estate Blog
by Jason Fox
13h ago
THE SEATTLE HOUSING MARKET AT A GLANCE Click Image For Full Size TABLE OF CONTENTS Seattle Housing Market Video 3 Key Indicators Analysis Lennox Scott Analysis Sales Activity & Inventory Days On Market Price Interest Rates Timing Job and Population Growth NWMLS Stats Seattle Homes For Sale Summary WHAT'S MY HOME WORTH?  3 KEY INDICATORS SEATTLE HOUSING MARKET SALES ACTIVITY INTENSITY: 61.9% (FRENZY) INTEREST RATE: 7.38% (UNCOMFORTABLE) INVENTORY LEVEL: 1.3 Months (SHORTAGE) THE BIG DEAL The normal spring market intensity has kept the inventory low and the sales activity moving swiftl ..read more
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WHAT IS THE IMPACT OF THE NAR SETTLEMENT ON WASHINGTON’S REAL ESTATE MARKET
John L Scott Ballard Real Estate Blog
by Jason Fox
1M ago
Imagine stepping into the real estate market with enhanced clarity and options regarding what you pay or earn from a transaction. That’s the vision behind the result of the recent National Association of Realtors or NAR settlement. This settlement, resulting from a class-action lawsuit, aims to further improve how broker fees are discussed and understood in real estate transactions across the United States. TABLE OF CONTENTS Introduction What is the NAR Settlement? National vs. Local Implications How It Affects Buyers and Sellers in Washington State Myth vs. Fact FAQ How the NAR Settlement May ..read more
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LEARNING PROBATE AND HOW IT PLAYS A ROLE IN REAL ESTATE SALES IN WA
John L Scott Ballard Real Estate Blog
by Jason Fox
1M ago
Heading into real estate transactions can sometimes feel like setting out on a trail without a map, and when probate enters the picture, it’s as if you’re stuck in a blackberry bush. But fear not! Understanding probate might sound complicated, but it’s just a step in managing real estate when an owner passes away. Consider this guide your trusty compass, here to steer you through the forest of probate. We’re on a mission to make this journey as clear and straightforward as a flat path, helping you understand probate’s ins and outs and its effect on selling property from the viewpoint ..read more
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Snohomish County Real Estate Market Update March 2024
John L Scott Ballard Real Estate Blog
by Jason Fox
2M ago
SNOHOMISH COUNTY HOUSING MARKET AT A GLANCE Click Image To View Full Size TABLE OF CONTENTS Snohomish County Housing Market Video Quick Stats Analysis Lennox Scott Analysis Sales Activity & Inventory Days On Market Price Interest Rates Timing Job and Population Growth NWMLS Stats Seattle Homes For Sale Summary WHAT'S MY HOME WORTH?  3 KEY INDICATORS SNOHOMISH COUNTY HOUSING MARKET SALES ACTIVITY INTENSITY: 82.5% (EXTREME FRENZY) INTEREST RATE: 7.08% (ACCEPTABLE) INVENTORY LEVEL: .6 Month (SEVERE SHORTAGE) THE BIG DEAL We are all patiently waiting for the economy to reach the perfect ..read more
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Seattle Real Estate Market Update March 2024
John L Scott Ballard Real Estate Blog
by Jason Fox
2M ago
THE SEATTLE HOUSING MARKET AT A GLANCE Click Image For Full Size TABLE OF CONTENTS Seattle Housing Market Video 3 Key Indicators Analysis Lennox Scott Analysis Sales Activity & Inventory Days On Market Price Interest Rates Timing Job and Population Growth NWMLS Stats Seattle Homes For Sale Summary WHAT'S MY HOME WORTH?  3 KEY INDICATORS SEATTLE HOUSING MARKET SALES ACTIVITY INTENSITY: 66.9% (FRENZY) INTEREST RATE: 7.08% (ACCEPTABLE) INVENTORY LEVEL: 1.2 Months (SHORTAGE) THE BIG DEAL We are all patiently waiting for the economy to reach the perfect balance between normal and recessio ..read more
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DECIDING BETWEEN A BUYING A CONDO OR A HOUSE?
John L Scott Ballard Real Estate Blog
by Jason Fox
4M ago
PEOPLE OFTEN THINK THAT THE DIFFERENCE BETWEEN A CONDO VS HOUSE IS WHETHER THERE IS A YARD In this post, I will go through the differences between a Condo Vs House. Here is a hint it is not whether it looks like an apartment or if it has a yard. Most of us can identify the typical multi-unit attached condo complex that looks similar to an apartment building. But you may struggle with the detached condo with a yard and fence. Although I will do my best to explain the difference between a house and a condo I am by no means an attorney and when in doubt check the title’s legal descripti ..read more
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8 Must-Visit Ski Resorts Near Seattle: Your Ultimate Winter Guide
John L Scott Ballard Real Estate Blog
by Jason Fox
5M ago
8 Ski Resorts Near Seattle Worth the Drive Nestled in the lush landscapes of the Pacific Northwest, Seattle serves as a gateway to some of the most captivating ski resorts in the region. Whether you're carving down powdery slopes or soaking up stunning mountain vistas, these destinations promise unforgettable experiences for skiers and snowboarders. We've put together a list of eight ski resorts near Seattle, ranked from closest to furthest from the city, and rated based on our personal experiences. Additionally, we've included a map of each ski area and links to their current conditions. So ..read more
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Credit Score Wisdom: Unleashing Your Financial Power in Seattle's Housing Market!
John L Scott Ballard Real Estate Blog
by Jason Fox
5M ago
“[Credit is a system whereby] a person who can’t pay, gets another person who can’t pay, to guarantee that he can pay.”― Charles Dickens While Dickens humorously captures the perplexity of credit, in today’s real estate landscape, especially in the Puget Sound region, understanding the nuances of your credit score is vital if you’re considering buying a house through financing. Unless you are planning on buying your next house with cash you are going to want to know what makes your credit score go up and down. The average price for a home in Snohomish County is $733,369&nbs ..read more
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Snohomish County Real Estate Updates December 2023
John L Scott Ballard Real Estate Blog
by Jason Fox
5M ago
SNOHOMISH COUNTY HOUSING MARKET AT A GLANCE   TABLE OF CONTENTS Snohomish County Housing Market Video Quick Stats Analysis Lennox Scott Analysis Sales Activity & Inventory Days On Market Price Interest Rates Timing Job and Population Growth NWMLS Stats Seattle Homes For Sale Summary WHAT'S MY HOME WORTH?  3 KEY INDICATORS SNOHOMISH COUNTY HOUSING MARKET SALES ACTIVITY INTENSITY: 55.4% (SURGE) INTEREST RATE: 7.16% (CHALLENGING) INVENTORY LEVEL: 1.4 Month (SHORTAGE) THE BIG DEAL The Banks responded to the Fed not raising rates by lowering interest rates.  Are rate cuts to com ..read more
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