Eastside Seattle Real Estate Blog

Seller's Market Coming to an Abrupt End at Snoqualmie Ridge?

snoqualmie ridge home pricesAre we seeing an abrupt end to the strong seller's market at Snoqualmie Ridge? The market data from August and September will certainly tell the tale - however in our observation of CURRENT market dynamics, the answer to that would be "yes". As many homeowners and current sellers are aware, Snoqualmie Ridge has enjoyed a very fast-paced market over the past few months, with resale homes in several price ranges selling quickly, and at prices we haven't seen in a very long time.
In fact, the median selling price for resale single-family homes at Snoqualmie Ridge in July was approximately $497K - an approximate 14% increase over July of 2012. However, looking...

House Hunting? Real Estate Terms Every Home Buyer Should Know

Seattle-Real-Estate-termsWhen looking to buy (or sell) a home in the Seattle area, or elsewhere, some of the terminology can get confusing.
While it's of course your real estate agent's job to know the ins and outs of all things real estate, it's also very helpful to the home buyer during the search. With all the different terms and acronyms, property listings and real estate jargon, it's hard to focus on what's important.
Below is a list of a few important terms you are likely to hear during your house hunt.

Sale-to-List Ratio

More commonly used by sellers, this is potentially an important number for home buyers too, as it may help them quickly decipher the pace of the current market when deciding what price to offer on a home.


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