2018 2nd Quarter Market Update – North Snohomish County

North Snohomish County Quarterly Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 11% year-over-year.  We currently sit at 1.4 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 21 days and the average list-to-sale price ratio was 101%.

North Snohomish County real estate has been an affordable option compared to “in-city” real estate. In fact, the median price in June was 86% higher in Seattle Metro. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth.

This is only a snapshot of the trends in north Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on July 28, 2018 at 5:54 pm
Isabella DiLucca | Category: 2018 Quarterly Reports, Quarterly Reports

2018 2nd Quarter Market Update – South Snohomish County

South Snohomish County Quarterly Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 13% year-over-year. We currently sit at 1.3 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 11 days and the average list-to-sale price ratio was 102%.

South Snohomish County real estate has been an affordable option compared to “in-city” real estate. In fact, the median price in June was 41% higher in Seattle Metro. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth.

This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on July 28, 2018 at 5:48 pm
Isabella DiLucca | Category: 2018 Quarterly Reports, Quarterly Reports

2018 2nd Quarter Market Update – South King County

South King County Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 13% year-over-year. We currently sit at 1.4 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 15 days and the average list-to-sale price ratio was 101%.

South King County real estate has been an affordable option compared to “in-city” real estate. In fact, the median price in June was 75% higher in Seattle Metro. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth.

This is only a snapshot of the trends in south King County; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on July 28, 2018 at 5:45 pm
Isabella DiLucca | Category: 2018 Quarterly Reports, Quarterly Reports

2018 2nd Quarter Market Update – Seattle Metro

Seattle Metro Quarterly Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 15% year-over-year. We currently sit at 1.1 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 15 days and the average list-to-sale price ratio was 102%.

Seattle Metro real estate has a very high premium due to close-in commute times and vibrant neighborhoods. In fact, the median price in June was $800,000. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth.

This is only a snapshot of the trends in the Seattle Metro area; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on July 28, 2018 at 5:38 pm
Isabella DiLucca | Category: 2018 Quarterly Reports, Quarterly Reports

2018 2nd Quarter Market Update – North King County

North King County Quarterly Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 13% year-over-year. We currently sit at 1.1 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 16 days and the average list-to-sale price ratio was 103%.

North King County real estate has a very high premium due to close-in commute times and vibrant neighborhoods. In fact, the median price in June was $800,000. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth.

This is only a snapshot of the trends in north King County; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on July 28, 2018 at 5:34 pm
Isabella DiLucca | Category: 2018 Quarterly Reports, Quarterly Reports

2018 2nd Quarter Market Update – Eastside

Eastside Quarterly Market Trends

As we head into the summer months we are seeing a healthy jump in inventory in our area. In May, we saw the biggest jump in new listings in a decade! Price appreciation has created this phenomenon, motivating many people to make big moves with their equity. In fact, prices are up 11% year-over-year. We currently sit at 1.5 months of inventory based on pending sales. This more-equal balance of homes for sale compared to the first quarter has created great opportunities for buyers, finally! While it is still a seller’s market, it has eased up a bit. The average days on market in June was 19 days and the average list-to-sale price ratio was 101%.

Eastside real estate has a very high premium due to close-in commute times, great neighborhoods and strong school districts. In fact, the median price in June was $980,000. Sellers are enjoying great returns due to buyers choosing to lay down roots in our area, and buyers are securing mortgages with minor debt service due to low interest rates. The easing of inventory is a welcome change and is helping to temper price growth.

This is only a snapshot of the trends on the Eastside; please contact me if you would like further explanation of how the latest trends relate to you.

Posted on July 28, 2018 at 5:27 pm
Isabella DiLucca | Category: 2018 Quarterly Reports, Quarterly Reports

Where to Watch Fireworks 2018

The Fourth of July is right around the corner.  With it being on a Wednesday, keeping it local makes sense.  Here is a list of local firework shows to help you celebrate the great U.S. of A!

Bellevue – Downtown Park 10:05 p.m.

Des Moines – Marina 10:20 p.m.

Edmonds – Civic Stadium 10 p.m.

Everett – Port Gardner Bay 10:20 p.m.

Federal Way – Celebration Park 10:15 p.m.

Kent – Lake Meridian Park 10 p.m.

Kenmore – Log Boom Park 10:00 p. m.

Kirkland – Marina Park 10:15 p.m.

Lakewood – Joint Base Lewis-McChord 10 p.m.

Newcastle – Lake Boren Park 10 p.m.

Renton – Coulon Park 10 p.m.

SeaTac – Angle Lake Park 10 p.m.

Seattle – Lake Union 10:20 p.m. BIG!

Tacoma – Ruston Way 10:10 p.m. BIG!

Tukwila – Fort Dent Park 10 p.m.

Posted on June 5, 2018 at 10:15 pm
Isabella DiLucca | Category: Uncategorized

Outdoor Movie Schedule: Summer 2018

Don’t forget your blanket and the popcorn! It is the time of year when it’s nice enough to grab a movie outdoors – how fun!  Here is a list of local outdoor movies planned for this summer.

 

South Snohomish

Arlington’s Old Time Movies

Terrace Park

7/6       Star Wars: The Last Jedi (at the Airport Fly In)

7/12     Early Man

7/19     Peter Rabbit

 

Edmond’s Outdoor Movie Night

Frances Anderson Center Field

7/27     Moana

8/3       Wonder

 

Everett’s Cinema Under the Stars

Thornton Sullivan Park, Camp Patterson Field

7/20     Early Man

7/27     Coco

8/3       Wonder

8/10     Moana

8/17     Guardians of the Galaxy Vol 2

 

Marysville Popcorn in the Park

Jennings Park, Lioins Centennial Pavilion

7/14     Despicable Me 3

7/21     Jumanji

7/28     Cars 3

8/4       Wonder Woman

8/11     Star Wars: The Last Jedi

 

 

 

Sundquist Family Movies in the Park

Willis Tucker Park

7/12     Jumanji

7/19     Ferdinand

7/26     The Greatest Showman

8/2       Coco

8/9       Wonder

8/16     Beauty and the Beast

 

 

Eastside

Bellevue Movies in the Park

Downtown Park

7/10        Despicable Me 3

7/17        Boss Baby

7/24     The Lego Ninjago Movie

7/31     Goodbye Christopher Robin

8/7       Paddington 2

8/14     The Greatest Showman

8/21     Ferdinand

8/28     Ghostbusters

 

Crossroads Movies in the Park

Crossroads Park

8/2       TBD

8/9       TBD

8/16     TBD

8/23     TBD

 

Carillon Point Outdoor Movies

Carillon Point Plaza

7/7       Despicable Me 3

7/21     The Wedding Singer

8/4       Jumanji

8/18     Star Wars: The Last Jedi

 

 

Movies at Marymoor

Marymoor Park

6/28     The Goonies

7/5       Wonder Woman

7/11     Jumanji

7/18     Coco

7/25     The Greatest Showman

8/2       10 Things I Hate About You

8/8       Thor: Ragnarok

8/15     Ferdinand

8/22     Black Panther

8/29     The Princess Bride

 

 

Seattle Area

Bite of Seattle

Seattle Center Mural Amphitheatre

7/20     A League of Their Own

 

Cinema under the Stars

Columbia Park

7/14     Best of the Children’s International Film Festival

8/18     Coco

 

Movies at the Marina

Shilshole Bay Marina

8/3       Overboard

8/17     Moana

 

Movies at the Mural

Seattle Center Mural Amphitheatre

7/28     The Princess Bride

8/4       Get Out

8/11     Little Shop of Horrors

8/18     I am Not Your Negro

8/25     Wonder Woman

 

Seattle Outdoor Cinema

South Lake Union Discovery Center

6/16     The Goonies

7/21     Jurassic Park

8/25     Black Panther

 

West Seattle Outdoor Movies

Fauntleroy Triangle

7/21     Wonder Woman

7/28     The Secret Life of Pets

8/4       Star Wars: The Last Jedi

8/11     A Wrinkle in Time

8/18     Coco

8/25     Black Panther

 

 

 

 *Check websites for start times, pre-movie activities and to make sure your favorite movie hasn’t been canceled or changed!

Posted on June 5, 2018 at 10:09 pm
Isabella DiLucca | Category: Uncategorized

Local Splash Parks!

It is that time of year when the sun comes out and the kids need to cool down and get their wiggles out outside. My blog has a list of local splash parks that are sure to beat the summer heat!

 

South Snohomish

Daleway Park

19015 64th Ave W, Lynnwood WA 98036

 

Edmonds City Park

600 3rd Ave S, Edmonds WA 98020

 

North Lynnwood Park

18510 44th Ave W, Lynnwood WA 98037

 

Rotary Centennial Water Playground

802 E Mukilteo Blvd, Everett WA 98203

 

Willis D. Tucker Park

6705 Puget Park Drive, Snohomish WA 98296

 

 

 

Seattle

Georgetown Playfield

750 S Home St, Seattle WA 98108

 

Northacres Park

12718 1st Ave NE, Seattle WA 98125

 

Pratt Park

1800 S Main St, Seattle WA 98144

 

 

Eastside

Crossroads Water Spray Playground

999 164th Ave NE, Bellevue WA 98008

 

Grass Lawn Park

7031 148th Ave NE, Redmond WA 98052

 

Sammamish Commons

801 228th Ave SE, Sammamish WA 98074

Posted on June 5, 2018 at 10:05 pm
Isabella DiLucca | Category: Uncategorized

Rent vs. Owning

Does it make more sense to rent or own?

 

The current break-even horizon* in the Seattle metro area is 1.6 years!

*The amount of time you need to own your home in order for owning to be a superior financial decision.

 

With rising rental rates, historically low interest rates, and home prices on the rise, the advantage of buying vs. renting is becoming clearer each month.

 

In fact, Seattle has seen some of the sharpest rent hikes in the country over the last year! Snohomish County has seen a huge increase in apartment growth and rising rental rates as well. There are several factors to consider that will lead you to make the best decision for your lifestyle and your financial bottom line. Zillow Research has determined the break-even point for renting vs. buying in our metro area. In other words, the amount of time you need to own your home in order for owning to be a superior financial decision. Currently in Seattle the break-even point is 1.6 years – that is quick! What is so great about every month that ticks away thereafter is that your nest egg is building in value.

 

I am happy to help you or someone you know assess your options; please contact me anytime.

 

These assumptions are based on a home buyer purchasing a home with a 30-year, fixed-rate mortgage and a 20 percent down payment; and a renter earning five percent annually on investments in the stock market.

 

Posted on April 26, 2018 at 11:03 pm
Isabella DiLucca | Category: Uncategorized