Spring on the Horizon
Throughout the new year, the real estate market has forged ahead at a quick pace. The impending rise in interest rates created a surge of buyers that added to the already high demand which was met with historic-low inventory. Unsurprisingly, this created a competitive real estate market and what little homes were offered for sale were scooped up immediately (and often over asking)
The good news is that spring is just around the corner, which means longer, warmer days and hopefully, a rise in inventory. Spring is always the busiest season of real estate and it's likely many sellers who were waiting on the sidelines will emerge come spring. A boost in inventory could help take the edge off, but 2022 will continue to be a complex market to navigate.
If you're curious about what opportunities are available in this market, I'd be happy to answer any questions you may have.
Market Trends from Around the Sound: Q4-2021
Q4 of last year closed out a huge year for real estate in Western WA. Low inventory and high demand accelerated price growth across all markets. To get the full story, dive into our area reports below.
On the Move: Washington Had More Inbound than Outbound Moves in 2021
Washington's inbound and outbound traffic was fairly equal last year indicating continued demand for our state.
What Does January’s Low Inventory Mean for King County Real Estate?
In January, inventory hit historic lows, and buyers were left with virtually no inventory. Looking forward, sellers ready to get off the sidelines will prime a busy spring season with all of the built-up buyer demand.
5 Secrets To Succeed in a Red-Hot Market
Today's real estate market is a new ball game. And whether it's the way you think about your budget or the speed at which you move on a property you love, purchasing in today's market calls for you to follow some new rules.
SIR Property Spotlight
3944 Losillias Drive, Sarasota, Florida
4 Bed | 5 Bath | 5,345 Square Feet | .51 Acres
Offered at $2,995,000
Known as the Pearl of Prestancia and featured in the 2016 issue of Home & Design Magazine, this recently remodeled and updated modern estate is an architectural gem in one of the most exclusive communities in Palmer Ranch. Located at the end of a quiet street, on a cul-de-sac and bordering TPC championship course signature third hole, this home is perfectly positioned to deliver some of the best water and golf course views in Prestancia.
Once inside, the 25-foot, floor-to-ceiling windows and doors in the living room bring the outside in and set the stage for this one-of-a-kind residence. The dramatic outdoor space is anchored by the heated saltwater pool and spa, surrounded by several levels of decks, a covered outdoor kitchen, and an oversized, two-story pool cage. Enjoy all the amenities of living in this prestigious gated community, including optional membership at TPC Prestancia Golf Club featuring two 18-hole courses, close to shopping, the Legacy Trail, and the beaches on Siesta Key.
*Photo courtesy of Sotheby's International Realty®
2623 E Lake Sammamish Parkway SE, Sammamish
Sold for $4,500,000