Last week I did a blog about how incredibly low the inventory was/is in Snoqualmie Ridge, Fall City and North Bend (http://nwrealestate.thecascadeteam.com/blog/hows-the-inventory-snoqualmie-north-bend-and-fall-city.html). This week I wanted to put some interactive charts behind my numbers to really give a visual to people about just how low inventory is relative to a year ago. 2016 proved to be a record year with where sales prices reached. Much of it was driven by the extremely low inventory that was available throughout the year. You'll be surprised where the trend is heading into 2017 compared to where it was in 2016 and what that can potentially mean for the market in the year ahead and what it could mean for you if you choose to make this the year to
If the past is an indicator of the future, taking a look at inventory numbers from last year to current levels, we are seeing that low inventory pattern is still with us as we get the year started which is a good indication that 2017 could turn out to be another record year for home values increases. The last week of 2015 and first week of 2016 saw zero (that's right NO) inventory in all of Snoqualmie. This is an area with approximately 3700 homes as estimated by Snoqualmie Ridge ROA. This year the inventory is up a bit but still relatively low which will also help give an idea of a trend for 2017 where prices will push higher but not likely to be at the same jump year on year as they were on the previous year on year. The demand is still there, so if
Here are our U.S. housing market forecasts for 2017.
Housing markets in a handful of metro areas will continue to sizzle in 2017, while the rest of the country could experience a cooling trend. Mortgage rates will likely hover in the 3.5% range for the short term, but could rise above 4% through the first half of 2017. Loan limits could also rise in some parts of the country next year, in response to rising home values.
Let’s take a closer look at these and other housing market forecasts and predictions for 2017.
1. Home prices nationwide to rise 3% – 5% over next 12 months.
In October, the economic research team at Zillow issued this 12-month forecast for the U.S. housing market: “United States home values have gone up 5.1% over the past
The Cascade Team invites you to get your spook on!
Located at the Snoqualmie Valley YMCA: 35018 SE Ridge Street, Snoqualmie WA 98065
Saturday, October 22nd from 11am to 2pm.
At this annual event, costumed kiddos will begin their spooktacular adventure at Sno Falls Credit Union where they will pick up their treat bag and passport. Visit participating businesses in your passport, located along the Ridge, collect a passport stamp and a treat until you reach your final destination at the Snoqualmie Valley YMCA.
At the Y, kids can turn in their completed passports for a special treat!
Laura Hodgson Broker 425-223-1535 Schedule a Showing Request More Info
Nestled on the greenbelt near Snoqualmie Falls on a very private cul-de-sac w/ a huge custom deck extending into the open forest area. Kitchen features island w/ bar seating, new high end appliances & gas cooktop. Open floor plan with cozy gas fireplace in family room and patio &
Leanna Young Real Estate Broker 425.829.1029 Schedule a Showing Request More Info
Beautiful Conner home with mountain views - great location-walk to parks, school, shopping, and trails. Home is flooded in natural light with huge windows, open floor plan with den on the main and bonus and or large bed upstairs. Tons of flexibility with this floor
Shannon Woodcock Real Estate Broker 206.484.5330 Schedule a Showing Request More Info
Stunning Style & Beauty ~ 5 bed, 2012 Craftsman in a Fabulous Location w/Northshore Schools! Custom great room floorplan: a TRUE heart of the home: Massive island kitchen in an up-to-the-minute gray & white palette, gas cooktop, pantry, tons of cabinets, farm
Removing barriers to condo development could spur the creation of condominiums that are affordable to families earning the median household income and help ease the housing shortage, according to a new study funded by interest on Realtors' escrow accounts.
The 22-page report, "Incentivizing Condominium Development in Washington State: A Market and Legal Analysis," was released late last month by the University of Washington's Runstad Center for Real Estate Studies. Researchers concluded the lack of affordable condos in the Seattle area is due to a combination of real estate, insurance and market forces, as well as geography, land use regulation and state legislation.
Peter Orser, Runstad Center director, said that if built in sufficient numbers and