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Found 23 entries about Market Conditions.

  •          Northwest MLS brokers report gains in new listings, closed sales, prices versus year ago.
  •          A new report from Northwest MLS shows brokers added slightly more new listings last month (11,373) than a year ago (11,210).
  •          Historically low interest rates and inventory shortages as factors contributing to a “very active market.”
  •          The housing market intensity for each new listing will continue its upward trajectory as the first of the year approaches.
  •          Shortage of supply still remains a significant issue.

KIRKLAND, Washington (October 6, 2021) – September’s housing market remained “very active” to “frenzied” around Washington state with brokers reporting year-over-year (YOY) gains in new listings,

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  • August show month-to-month drops in new listings, total inventory, pending sales, close sales, and median prices
  • NWMLS statistics show the volume of new listings added during August declined from July (down 11.5%)
  • “We are seeing homes stay on the market slightly longer and more instances of sellers overpricing their properties."
  • Prices showed signs of moderating during August. The average price was down $10,000 from July.

Northwest MLS brokers say August housing activity follows patterns of seasonal slowing KIRKLAND, Washington (September 7, 2021) – August typically brings a dip in housing activity and this year was no different, according to representatives from Northwest Multiple Listing Service when commenting on newly-released

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The flaming-hot housing market has seen median home prices soar an unprecedented 24% since the outbreak of the Coronavirus last year. But in recent weeks, that fire has lost some of its heat as buyers finally start to push back at sky-high prices. Simply put: The housing market is slowing a bit.

Already, a growing list of doomsayers point to the shifting market as taking us one step closer to a bursting housing bubble. In their minds, housing went up too fast and now must come back down.

But what does the data say? When you look under the hood, the run-up to 2008 housing bubble and the hot 2021 housing market are very different bull markets. While there are several reasons why our latest frenzy won’t result in a bust, there’s one reason

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Home buyers are finding some relief, but Northwest MLS brokers say it is temporary.

  •          New listings slightly outgain homes going under contract.
  •          Highest level of Inventory since October of 2020
  •          There is some ‘normalization’ in our market as it relates to the historical summer slowdown.”
  •          This is due to a typical mid-summer season market combined with some buyer fatigue
  •          14 of the 26 counties in the Northwest MLS report showed year-over-year (YOY) gains in new listings
  •          Buyers act NOW. Sellers don’t panic.
  •          With a lack of new construction coming on the market in suburban areas after years of under building, increasing demand still has few places to go.
  •          Interest
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The only thing more scary than paying too high of a commission to sell your home… Is realizing that you don’t have too while getting even MORE service and support than most brokerages offer at a higher fee!

The Cascade Team Agents are Full Service. We are a real estate company like no other, because of the tools, service and savings we provide our clients with. We understand that in today’s fast paced environment, we need to provide a high level of service, utilize technology to keep our clients up to date at all times and provide added value to both buyers and sellers in the transaction. By leveraging these technological tools, it allows our agents to focus more of their time to servicing our clients, and also provide the most comprehensive

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  • About 45% of last year’s home sales had three bedrooms; of the condo component, about seven of every 10 condos (70.7%) had two or fewer bedrooms.
  • The median price for a 3-bedroom home ranged from $182,000 in Ferry County to $624,500 in San Juan County.
  • Of the condo sales, more than 55% were located in King County. 
  • For the new construction component involving Northwest MLS brokers, newly built condos continued to fetch higher prices than single family homes. Last year’s sales included 10,944 newly built single family homes that sold for a median price of $550,000 and 979 condos that sold for a median price of $629,950. New homes in King County commanded the highest prices: $749,950 for single family homes, while newly built condos in
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MLS director John Deely, principal managing broker at Coldwell Banker Bain in Seattle, described King County’s residential market as “balanced on a fulcrum between growth, stagnation, and decline.” New listings of single family homes (excluding condos) in King County dropped year-over-year and when compared to last month, he noted. Total active listings and pending sales both improved from a year ago, but slipped from June’s totals.

  • Median price dropped 2.7%.
  • Increased listing inventory from prior months put pressure on pricing,”
  • Home Prices declined about 2.9% from June.

 The Cascade Team Real Estate is a 2019 Neighborhood Favorite on NextDoor! 

Northwest MLS brokers report mixed activity during July, as volume of closed sales

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We are very happy to announce that The Cascade Team Real Estate has been named the Best Real Estate Brokerage on Nextdoor for 2 years in a row! The Cascade Team can be found in 617 different neighborhoods collectively representing 133,586 Home Owners. We are very proud to be a part of the neighborhoods we represent and are very proud in the trust you place in all of our amazing agents and neighbors!

Congratulations, you're a 2019 Neighborhood Favorite! It’s official - you’re a winner and neighbors love you! Only 1% of all businesses win this award, and The Cascade Team Real Estate is one of them!

The votes have been tallied and the winners are in. We're pleased to announce the businesses Nextdoor voted as 2019's Neighborhood Favorites!

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The weather conditions during the summer season encourage homeowners to naturally become a bit lackadaisical with their home security. Opening doors and windows for that summer breeze and causally straying over to neighbors houses, all the while, leaving their home at risk for a break-in. Homeowners can protect summer fun, personal possessions and family members with several easy security precautions.

Summer home safety checklist:

  • Summer security: In warmer months, we tend to see a spike in property crimes. Take the time to prepare for summer security and avoid the mess of a break-in.

  • Summertime maintenance for your home: Basic home maintenance can act as a natural deterrent to burglars. Performing basic tasks such as lawn

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