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Real Estate Market News

Mindy Hibbard

History in the Making
Combined with historically low interest rates, Snohomish County is absorbing a profitable percentage of King County's backlog of buyers in addition to its own backlog. According to Puget Sound Business Journal, Snohomish County has seen a 14.5% median sales price increase year to date. The median sales price in King County has risen 7% so far this year. Take advantage of incredibly low interest rates. The housing market continues to gain strength. Ever question timing on where to put or move your money? Real Estate. Act now so you too can ride the equity wave.

Tom Hibbard

Capturing a Home in this Market...
You may have more options than you realize. Many buyers are too intimidated to step into the current housing market because they have preconceived ideas on what it may take to capture a home. First step is speaking with your trusted loan advisor to get your loan not just pre-qualified, but pre-approved and eventually, fully underwritten. This step in the loan process makes your offer to a seller as attractive as cash. Although a larger down payment is ideal, there are many loan programs available that have low down payment requirements. Examples of this: 3% Conventional, 3.5% FHA, 0% State Bond, 0% VA and 0% USDA. Need a little help getting started? Happy to share some references with you to help you assemble your trusted team of professionals.

"EASTSIDE: We’re virtually sold out up to $1.5 million (85% of sales activity). Buyers will find the greatest selection and availability of new listings coming on the market during September and October, until next March. Additionally, as we head into the year 2021, the intensity for each new listing will remain at a frenzy. Luxury sales activity is very strong. A record number of homes priced $1 million and above went under contract in the past month.
SNOHOMISH COUNTY: We’re virtually sold out up to $1 million (96% of sales activity). Buyers will find the greatest selection and availability of new listings coming on the market during September and October, until next March. Additionally, as we head into the year 2021, the intensity for each new listing will remain at a frenzy. Additionally, luxury home sales activity above $1 million is strong.
SEATTLE: The number of new listings in Aug. 2020 substantially outpaced new listings in Aug. 2019, creating a better environment for buyer selectivity. This led to a record number of homes going under contract this past month. Buyers will find the greatest selection of new listings coming on the market this September and October, until next March. Luxury sales activity is very strong, with frenzy-level sales activity intensity from $1 to $1.5 million, surge sales activity intensity from $1.5 to $2 million, and strong sales activity intensity from $2 to $5 million."
~J. Lennox Scott - Chairman and CEO.

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We are a competent, caring and professional team who take care of you like family. With decades of experience in our respective fields, you'll find we are knowledgeable experts, ready to guide you through the entire process with nothing left unexplained. Our team strives to make your buying and selling journey a positive one, with your satisfaction our top priority. We provide a full-service real estate experience with consistent communication and absolute transparency. We are standing by to walk you through the process from start to finish, including a comprehensive value proposition, staging, applying our exceptional marketing strategy and finalizing the successful sale of your home. Buyers will benefit not only from our strong home search tools, but also from negotiation expertise and extensive home construction knowledge. We are all committed to making your buying or home selling experience one that exceeds your expectations.

"Your Home, Your Future, Our Commitment"

Call Mindy

425-350-8893

Call Tom
425-350-8892

Helping you reach your real estate goals is our passion, and we appreciate the opportunity to serve you. We would be grateful if you could take a moment to review Mindy Hibbard Real Estate on any or all of the websites below.

Thank you!

Copyright © 2018 Mindy Hibbard Real Estate, All rights reserved.
Our mailing address is:
John L. Scott | 12221 Village Center Pl #103, Mukilteo, WA 98275

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Mindy Hibbard Real Estate Team · 15117 Main St · B106 · Mill Creek, WA 98012 · USA