The
​​​​​​​Greely Group
October News
We’re still enjoying some warm days this month, but we’re certainly experiencing a cooler market as we head into the fall. There have been a lot of articles about how Seattle’s market has cooled faster than any other city in the U.S. This may seem pretty concerning, but given how high our median home prices are here compared to other less expensive areas, it’s natural that we experience more dramatic highs and lows than those markets.
What Does Seattle's Market Look Like?
It’s no secret that Seattle’s real estate market has cooled faster than other markets—in fact, it’s cooled faster than all other markets. This change is not a mystery given inflation and high interest rates. Buyers and sellers should be aware of these conditions, but not discouraged when making future plans.
Long-Term Mortgage Rates Finally Dip
After six weeks of rising 30-year interest rates, they’ve finally dropped from 6.7% to 6.66%. Compared to last year’s low of 2.99%, rates are certainly still high. Given the uncertainty concerning the economy, only time will tell if rates climb even higher or begin to drop.
How Escrow Affects Buyers and Sellers
Escrow works as a type of holding period meant to add some security to a real estate transaction. Learn how both buyers and sellers are protected by this important safeguard in a sale.
Ensure Your Success as an Investor
From understanding the market you’re purchasing in to identifying properties with solid ROI potential, it’s important to do your homework before jumping into a real estate investment. Investing can lead to incredible results as long as you go in prepared and knowledgeable.
SIR Property Spotlight
82 Grey Feather Drive
Las Vegas, Nevada 89135
4 Beds | 4.5 Baths | 4,172 Square Feet
Offered at $1,900,000
Absolutely stunning, two-story home with four bedrooms and 4.5 bathrooms in the exclusive, guard-gated Summerlin community of The Ridge. Gorgeous kitchen with Cesarstone kitchen countertops and custom cabinetry. Large central sliders lead to a covered patio with tile flooring. Mature landscaping, putting green, and built-in BBQ. Upstairs features a larger primary retreat with dual closets and spa-like bath. Two additional guest suites upstairs and one downstairs. The home is complete with a three-car garage.
Just Listed
3032 5th Avenue West
Seattle, Washington, 98119
7636 Kodiak Avenue NE
Lacey, Washington, 98516
3 Beds | 2.5 Baths | 1,942 Square Feet
Offered at $465,000
This beautiful and recently updated home has new waterproof floors, paint, and light fixtures. Featuring three bedrooms and 2.5 baths, it sits across the street from the Hawks Prairie Trail. You'll find open-concept living on the main floor with the living room and fireplace, kitchen, primary bedroom with a large walk-in closet, half bath, laundry room, and storage closet. The kitchen features tile counters, hardwood cabinets, and a breakfast counter perfect for entertaining. Upstairs boasts a huge bonus room with an office nook, two spacious bedrooms, a roomy linen closet, and a full bath. The two-car garage is wired for an EV charger. Community parks, trails, and beach access. Close to all the amenities, minutes to JBLM, shopping, and golf!
