Eastside Seattle Real Estate Blog

Buyers Snap-Up New Construction Homes at Issaquah Highlands

New Home Construction at Issaquah Highlands Takes Off!

For obvious reasons, new construction has been "slow" over the previous few years. But, with a clearly improving housing market in Seattle (most areas of Seattle are seller's markets), combined with a sudden surge in buyer activity and increased new home demand, new home builders at the Issaquah Highlands are clearly paying attention. New home construction and sales activity have increased for all builders, including Camwest, Pulte (Centex) and Polygon Homes.

They're Building Them as Quickly as They Can

In the chart below (for detached single-family new homes only), notice that the during the previous 15 months, the number of "new listings" for new construction ...

Sammamish Heats Up! Resale Home Prices & Demand Increase

While the real estate market in pretty much the entire Seattle metro area has significantly improved and most areas have transitioned to a "seller's market," some areas have experienced a greater share of the action - one of those housing markets is the Sammamish Plateau, on the east side of Lake Sammamish. With the dramatic increase in buyer activity and strong demand, multiple offers have become the norm, and as a result, home prices have increased. Prices are also on the rise as more home sellers in Sammamish recognize the changes in the market.

Over the past several weeks, competition for new listings of homes on the...

Home Sellers: Responding to Low Ball Offers

home hand shakeIn real estate, we often find ourselves debating what constitutes a Low Ball offer. We don't consider any offer 10% below the asking price a low ball - however, some disagree. Assuming a home is priced reasonably close to market value, and assuming comparable homes nearby aren't "flying off the shelves" in 10 days or less in a hyper seller's market, we consider anything above 10% off the asking price to be a "starting point."

No... it's not an "ideal" offer - but it's certainly not an offer that should be dismissed.

When is a "Low Ball" Offer Not Too Low?

Technically speaking, a "Low Ball" offer on a home is an offer that is significantly under the true Market Value...

Buying a Seattle Home in a Seller's Market

It's a MADHOUSE out there! Okay... not quite, but this is how some home buyers see sellers these days!

The single-family home real estate market in Seattle's Eastside communities has changed dramatically - including in Sammamish, Issaquah, Bellevue, Kirkland and Redmond. What started as a subtle trend in January & February, suddenly took off in March and developed into a full-fledged seller's market, and continues to plow full-steam-ahead in April and May. New listings for homes in "good condition" are selling fast when priced correctly (meaning - at or near market value). Add to that well-chosen updates, immaculate landscaping, great home staging, and a desirable neighborhood, and well... it can become a feeding frenzy with 5-10...

High Demand at Snoqualmie Ridge - Real Estate Market Continues Improvement

Snoqualmie Ridge Real Estate Market Continues Improvement

On Seattle's Eastside, the real estate market has made a drastic swing into a seller's market with high demand, and fewer homes for sale. Multiple offer situations are continuing to become more common, prices are on the up-tick, and days on market are sharply down in many areas. Some homes are selling before the listing agent can implement their marketing program fully! Snoqualmie Ridge is also taking part in the market shift, though not quite to the same degree.

Pre-Owned Home Inventory Continues to Shrink

In Snoqualmie Ridge, pending transactions for resale homes have...

Home Closing Tips to Closing Your Home Purchase On Time

house closing Closing on a new home, whether you're a first time homebuyer or almost a pro, is always a little nerve wracking.

The home closing horror stories are more fun to tell than the tales of closings and escrows that went smoothly, so you've probably heard a few. Don't let this keep you up at night. The majority of home closings are far from nightmarish, especially when home buyers identify and address any issues in advance.

Most home closings happen on-time, and with little fan fare. However, to keep things smooth, consider these three essential pre-closing tips.

Review the HUD-1 Settlement Statement Carefully

The HUD-1 Settlement Statement is a document required by The Real Estate Settlement Procedures Act. "RESPA...

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