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Summer is almost over and that means kids are going back to school soon. As usual, there is a strong push for buyers to get into new homes and register for the school year. Unfortunately, the lowest inventory in history is not helping and its not getting any better. The multiple offers and price appreciation continues as buyers fight for good homes. In June we saw home prices rise to a median of $1,330,563, a 32% increase from last June.
My advice to buyers is to get into a home before the end of September as we expect to see less inventory come into the market in Q4. New listings are lowest in the 4th quarter. The 10 year average shows 1,403 new listings in the 4th quarter compared to 2,222 in Q1, 3,285 in Q2, and 2,789 in Q3.
If you’re thinking about selling, lets talk about a strategy. We know how to capitalize on this market and get you top dollar. The key to getting the highest return on your investment is to partner with an experienced broker who knows the market trends in your area. With inventory being so low, its not hard to get traffic through the door, but the final result is where we excel. Clients that have sold homes with us will tell you that we know how to present your home in the best way possible and have unparalleled experience in generating interest and excitement about your home that in turn will get you top dollar.
Call us for a strategy session.
- Max
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Stats as of July 2021
Eastside Market Report
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KIRKLAND UNCORKED
Kirkland Uncorked is Washington's premier summer wine festival. Taking place during the summer in scenic Marina Park, the festival is a weekend long celebration of world-class Washington wineries and a benefit for the Homeward Pet Adoption Center.
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U-PICK APPLES
Apples are here, ready for U-pick every Saturday from Aug 28nd thru October 9th 10am-Noon. We have several apple varieties to pick from that ripen in this order: William's Pride, Liberty, Jonagold, Quince (not an apple), Spartan, Golden Russets. Bring your own picking tools!
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CHOMP! COUNTY FAIR
Join us August 21st at King County’s Marymoor Park for a day of local food, live music, green living workshops and activities for the whole family. Learn about what’s fresh in King County and join us for a full day of food-centric fun featuring local farmers, activities, live music, food vendors, and more.
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BELLEVUE ARTS MARKET
The Bellevue Arts Market is an open-air showcase of over 100 sculpture, jewelry, home décor, wood and glass work, fabrics and more. Join us Sep 4 2021 - Sep 6 2021!
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Dutch Hill
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Offered at $1.795MM
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7203 147th Ave SE, Snohomish
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Grand and sun-drenched custom-built ranch estate home situated on gated 9.84 equestrian acres. Complete with a 3-stall horse barn with tack room, 3 pastures, riding arena, greenhouse, manicured gardens, and picturesque views of the Olympics.
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EASTGATE
$3.1MM
14216 SE 41st Street
Bellevue, WA 98006
5 Bed + Den + Bonus | 4.25 Bath | 4,306 sqft
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EAST OF MARKET
$2.6MM | PENDING
431 18th Ave
Kirkland, WA 98033
4 Bed + Den + ADU | 4.5 Bath | 3,698 sqft
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