Our Unique Spring Market
As we edge into the middle of our spring real estate market, fears of a potential housing bubble have emerged as mortgage rates and fuel prices have increased and there is a possibility of new legislation that may affect our taxes. Inventory remains historically low which has helped to keep housing prices high over the past month and while this is likely to remain unchanged, higher mortgage rates may produce a slow down if too many buyers are edged out of the market in the coming months. Multiple offers are still the norm for Seattle, as well-paying jobs and the pandemic-driven desire for a lifestyle change continue to motivate both buyers and sellers.
Buying and selling property in this climate requires quick and effective action, so please don't hesitate to reach out to us for a conversation about your goals.
Futurecast Forum 2022 Offers Insight, Perspective on Future of Seattle Real Estate
Looking toward the next five years, there were expert analyses and predictions on the future of Seattle and the surrounding markets.
As Home Sale Prices Surge, a Tax Bill May Follow
The current boost in home values may mean that homeowners will have to pay capital gains taxes on their home's sale, even if previous tax laws wouldn't have required it. Experts say profit limits will likely be adjusted under this new climate.
What's Next for the U.S. Housing Bubble?
Experts weigh in on concerns that there may be a looming housing crash ahead, how our current market differs from the early 2000s, and offer advice for home buyers deciding when to make a move.
Here Are the 10 Towns in America Where You Can Still Buy an Affordable (And Great) Vacation Home
Demand for second homes close to water or mountains has spiked recently. If one of these vacation destinations is calling your name, I'd be happy to connect you with a broker in my network.
SIR Property Spotlight
22993 Ghost Tree Lane Bend, Oregon
3 Beds | 3 Baths | 2,170 Square Feet | 0.19 Acres
Offered at $1,325,000
Newly completed in Pronghorn! Mountain modern design, featuring two spacious primary suites and a third bedroom and full bath. Incredible views of the Cascades and Fazio Golf Course from the oversized second-floor entertainment deck.
A stunning chef's kitchen that includes custom cabinetry, quartz countertops, an extra beverage refrigerator, and lots of prep and storage space. The great room features a floor-to-ceiling stone fireplace and media center. Hardwood flooring throughout.
Relax and host your friends around the backyard's built-in BBQ and fire pit that backs to a tranquil pond with a year-round rushing waterfall. This new home has it all. On-demand gas hot water, AC, and radiant bath floors. It can also be rented short-term/nightly if you choose and includes a Pronghorn Club Membership. Come enjoy all the amenities of Pronghorn!
*Photo courtesy of Sotheby's International Realty®
3301 NW 68th Street, Seattle
Sold for $1,486,000
1620 N 200th Street, Shoreline
Sold for $656,300