Washington State NWMLS Market Snapshot for June 2018

Advertisements

619 7th Ave, Milton, WA 98354

$270,000

3 bedrooms; 2 bathrooms; 1,232 square feet

Move-in ready! This home features a brand new 25 yr roof with a transferable warranty, fresh paint & beautiful laminate floors through-out, and newer water heater. You’ll enjoy the vaulted ceilings, ceiling fans, master walk-in closet & newer double sinks/counter in the master bath. The open kitchen includes granite counters, an appealing back splash & pantry, and the dining room features chair rail molding. You’ll appreciate the large private lot, fully-fenced back yard & spacious 2-car garage!

Flyer

Virtual Tour

6 Home Maintenance Chores We All Forget

If you’re like most people, your home maintenance to-do list is so long, plenty of chores regularly fall off it and into the abyss, never to be remembered. With so much house and so little time, that’s understandable. Hey, you’re only human!

Still, though: Out of sight and out of mind does not mean it’s OK. Ignore certain chores, and they can come back and haunt you in a variety of unpleasant ways, from bigger electric bills to foundation problems and beyond. And the truly silly part is that these duties don’t take that long to address … as long as you nip them in the bud before little chores become huge problems, after years of neglect.

Read the article on Realtor.com

New-Home Construction Surges to Highest Level in Decade

More new homes entered the pipeline in May than any other month since the end of the Great Recession. Total housing starts increased 5 percent in May to a seasonally adjusted annual rate pace of 1.35 million units, the Commerce Department reported Tuesday. That marks the highest housing starts since July 2007.

Broken out, single-family starts rose 3.9 percent to 939,000 units in May—the second-highest reading since the Great Recession. The multifamily sector increased 7.5 percent to 414,000 units. Single-family and multifamily production are now 9.8 percent and 13.6 percent higher, respectively, than a year ago.

Read the article in REALTORmagazine

Top 10 Threats to Real Estate in 2019

Rising interest rates and the economy are the top two current issues to watch in real estate, according to the Counselors of Real Estate’s Top Ten Issues Affecting Real Estate 2018-2019, a list of the biggest threats to the housing market. For the first time, CRE broke its annual list down into current and longer-term issues to watch during the industry’s next year.

Read the article on REALTORmagazine

7 Ways to Make Your Life Easier During a Home Renovation

A home renovation is as exciting as it is hectic. Between coordinating contractors and choosing fixtures, your home is all out of sorts – which is overwhelming in and of itself.

Luckily, it doesn’t have to be a challenge. Keep these tips in mind if you’re struggling through a home renovation. When all is said and done, you’ll finish with a gorgeous addition to your home and a still maintain your sanity.

  1. Get Your Meals Delivered

On-demand food delivery services will become lifesavers when dinnertime comes along. This is especially true when renovating your kitchen, which leaves you cooking out of your living room or on the grill every night-all while dodging obstacles like your misplaced table and boxes of kitchenware.

  1. Delegate Your Laundry

Whether your laundry room is being remodeled, or you simply don’t have the extra time to get it done during the renovation, sending your laundry to a wash and fold service is a simple way to make your life easier. If there are a number of providers to choose from nearby, keep the following tips in mind:

  • What services do they offer?
  • What do the reviews say?
  • Is it easy to get a hold of customer service?
  • How affordable are they? (The key: avoiding hidden fees)
  1. Escape for the Weekend

Sometimes, you just need a break from the non-stop drilling and paint fumes. Take time to relax and get away from the chaos with a staycation, feeling all the benefits of a getaway without the costs or time away from work.

  1. Create a “Me Space”

The most difficult part about renovating your home is having to deal with the excess dust, dirt and clutter, not to mention being surrounded by the workers who are making it all happen. Create a “me” space within your home where you and your family can relax and enjoy quieter alone time.

  1. Tackle One Project at a Time

While it might be tempting to get a few home renovation projects done, it’s better to tackle one at a time. Planning to renovate more than one room will not only make it more stressful, but could also leave you with minimal working fixtures to use for everyday tasks like showering, cooking or cleaning. Don’t make your life harder than it needs to be during this time and focus on just one thing at a time.

  1. Hope for the Best, Prepare for the Worst

A lot of things can (and will) go wrong during your home renovation. Budgets can be blown, contractors can unexpectedly quit, and pipes can break. To put your mind at ease, and be more prepared, Home Advisor shares a few common challenges you’ll likely face:

  • Cost and budgeting: “One of the biggest mistakes homeowners commit is not leaving cash in reserve in case anything goes wrong,” suggests Home Advisor.
  • Materials: Choosing materials on a whim that don’t fit with your home can be costly further down the road.
  • Contractors: Taking too long, charging unexpected fees, or not doing what is asked of them.
  1. Prioritize

When you’re being asked to make dozens of decisions in a short amount of time, your priorities have a way of getting lost in the mix. Stay focused on what is most important to you and avoid getting sidetracked or swayed into changing your original plan if you’re not one hundred percent certain. Keep your plans in front of you as you make changes or additions to what you’re doing so you never lose sight of what you originally wanted.

Stay Calm and Renovate

Home renovations take a lot of patience and planning, and these seven tips will help make your life easier and less stressful during that time. Delegate where you can-food and laundry-expect the unexpected, and keep your priorities front and center as options and ideas are brought to you from contractors. In the end, you’ll be able to say you survived your home renovation.

May 2018 RE/MAX National Housing Report

Prices Rise 7.8 Percent, But Homes Selling Faster and Faster

In May, homes sold faster than at virtually any other time in the past decade, according to the latest RE/MAX National Housing Report. Low inventory and high demand in May cut Days on Market to 46, the second-lowest monthly number in the nearly 10-year history of the report.

May home sales topped April sales by 14.5%, and were down by 2.8% from May 2017. The median sales price of $251,673 was up 7.8%.

By comparison, homes averaged five more days on the market (51) in May 2017, 12 more days (58) in May 2016 and 18 more days (64) in 2015.

With 11 metro areas increasing the median sales price year-over-year by double digits, May was still a seller’s market, and homebuyers should expect to compete with other buyers when they are ready to make an offer on a home.

Read the full article in RE/MAX’s newsroom

Watch the 40 second summary video on YouTube