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Market Conditions

Found 12 blog entries about Market Conditions.

Conditional Use permit approved - Snoqualmie Affordable Housing Project finds itself one step closer to reality.

     Sno Ridge Affordable Housing Rendering In Danna McCall's recent article in Living Snoqualmie, she details that the proposed Snoqualmie Valley affordable housing project has moved one step closer to reality. 

"The City of Snoqualmie posted a Notice of Decision this week stating that a Hearing Examiner has signed off on a Conditional Use Permit requested by Panorama Apartments, LLC for their proposed 191-unit Affordable Housing development to be located in the Eagle Pointe neighborhood of Snoqualmie Ridge. Panorama is a subsidiary of DevCo, which also built Discovery Heights in the Issaquah Highlands". You can read the full details of her story HERE. 

I think

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FIVE REASONS TO SELL YOUR HOUSE WITH NW REAL ESTATE - THE CASCADE TEAM

 In today's market there is plenty of chatter about how strong the market it, how little inventory is and how hard it is for buyer's to find a home. It would make one think that putting sign out in the their front yard would be all they needed to do. This isn't the case at all though many potential sellers are being pulled by online advertising that speaks to how easy and simple it is. Let's be clear, it's not that easy and not that simple.

Others are being pulled by agents representing full price brokerages through promises of services we either offer at no additional cost or that they say 'they are paying for' but in reality the client is paying for that added service in the

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 SNOQUALMIE RIDGE HEADLINES

2017 looks to be one of the biggest years for home sales on record! Whether you are selling, thinking of selling, or happy to be in your home for the foreseeable future it’s always important to know what’s going on in your local housing market. Below are answers to some of the most often asked questions as well as some that may not be asked but are definitely of interest to people who live in an area that is diverse with builders of all different types of homes from entry level to high end custom. Let us know how we can help you have a better understanding of your home and your neighborhood or a home you are interested in Snoqualmie Ridge.
 

1. What was the average sales price for a home at Snoqualmie Ridge in 2016?

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Conceptual hotel design – side view of access lane.

This latest article by Dana McCall in Living Snoqualmie is already stirring up a myriad of mixed emotions from those who live in and around Snoqualmie from the Ridge to Valley. What will the impacts be on local traffic, kids safety, tax revenues for the city, creating a more vibrant community center for Snoqualmie like other areas have experienced or is small town Snoqualmie on the verge of being lost forever? Read Dana's full article below and add your thoughts to the discussion. 

If the City of Snoqualmie Planning Commission recommends some changes to the Snoqualmie Ridge (SR) Business Park Binding site improvement plan and the SR Mixed use plan – and the city council approves them – next summer

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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

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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

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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

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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

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"Master Builders Association Affordable Housing Council" Endorses Lake Washington, Issaquah and Everett School District Bond Measures


Bellevue, WA – The Affordable Housing Council (AHC) Board of Directors recently voted unanimously to endorse and provide financial support for the citizens’ campaigns backing the Lake Washington, Issaquah and Everett school districts’ bond measures that will be on the ballot in April.    Affordable Housing Council President Bonnie Geers of Quadrant Homes said of the votes, “The AHC’s decision to support these school bond measures reflects our strong desire to help ensure the Lake Washington, Issaquah and Everett school districts can keep pace with our region’s growth and continue to provide quality…
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