State Route 508, Onalaska, WA 98570

$99,950

5.330 acres of vacant land

Build your own dream riverfront home, or simply keep the approximate 1,329 sq ft of riverfront to enjoy with your friends! The level 5.33 acres along the South Fork Newaukum River is ideal for BBQing, camping and a variety of river activities. Relax and enjoy the sun sparkling on the river, watch or catch the salmon, or jump in and float! You’ll savor sweet blackberries, birdwatching, nature and wildlife, along with peaceful sounds of the river, and never want to leave! There’s plenty of firewood available for campfires too. This property is conveniently located 1 mile west of Onalaska where you can grab coffee, a snack or meal, and stock up on supplies; it’s only 7 miles east from I-5. So, grab your contractor or friends, and check it out!

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RE/MAX National Housing Report for July 2022

Median Home Prices Inch Downward
While Sales Drop, Inventory Grows

A double-digit drop in home sales from June to July fueled a double-digit increase in homes for sale, triggering the first decline in the Median Sales Price since January.

July’s Median Sales Price of $415,000 was down 2.9% from June and the lowest since April’s $406,000. The 16.6% decline in home sales was also the first since January. Year-over-year, sales were down 26.3% from July 2021.

Following a period of continual contraction in recent years, inventory jumped for the fourth consecutive month. There were 13.3% more homes for sale than in June and 30.4% more than a year ago. Months Supply of Inventory has doubled since May and is now at 1.8, while Days on Market was 24. New listings, however, dropped 7.8% compared to June and 7.2% compared to July 2021.

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Watch the 40 second summary video…

Washington State NWMLS Market Snapshot for July 2022

The MLS report summarizing July statistics show 2.01 months of inventory system wide. Inventory of single family homes and condominiums across the 26 counties served by Northwest MLS has not exceeded two months since January 2019 when there was 2.3 months of supply.

Active listings have nearly doubled from a year ago, jumping from 7,948 offerings of single family homes and condos to 15,381 (up 93.5%). The addition of 11,805 new listings during the month contributed to the boost. Compared to June, the selection expanded by 1,976 listings (up 14.7%).

Evidence of slower activity appears in the sales figures. Pending sales retreated about 24% from a year ago, dropping from 11,567 to 8,775 mutually accepted offers. The NWMLS report shows a nearly 30% year-over-year decrease in closed sales (declining from 10,919 closings to 7,645).

Despite fewer sales, prices still rose, but at a slower rate. The median price on last month’s closed sales of single family homes and condos increased 6.1% from a year ago, rising from $589,000 to $625,000. For single family homes only (excluding condos), prices jumped about 6.6% and condo prices gained more than 8.6%.

In the four-county Puget Sound region, price changes ranged from a gain of about 2.7% in King County (from $789,000 to $810,000) to a jump of nearly 12.7% in Pierce County (from $501,500 to $565,000). Kitsap prices rose 5.4% while prices in Snohomish County increased 9.3%.

Watch the 1.5 minute market report video…

Source: NWMLS 8/4/2022

34237 23rd Ave SW, Federal Way, WA 98023

$824,950

3 bedrooms; 1.75 bathrooms; 2100 square feet; 1.39 acre lot

You’ll love this QUALITY custom built rambler on a 1.39 acre mostly level lot! This bright home, that’s full of natural light, is ideal for entertaining with a large & open kitchen, dining & family rms w/ vaulted ceilings. You’ll appreciate new luxury vinyl plank through-out the living areas, new carpet in the bedrooms & updated bathrooms. Features include newer wood wrapped windows, a new gas furnace, newer gas water heater, & new stainless steel range/oven & dishwasher. You’ll enjoy the spacious primary suite w/ double closets & sinks, as well as the formal living rm & lots of storage w/ multiple closets & pantries. This home is also a mechanic’s dream w/ a 24×36 3 car garage & work area w/ two 220 power outlets & a shed. Don’t miss this!

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31003 14th Ave S #A2, Federal Way, WA 98003

$194,950

1 bedroom; 623 square feet

You’ll love this Updated Ground Floor Lakeside Condo! Features include fresh paint & newer laminate floors thru-out. The updated kitchen has newer cabinets, counters & new range/oven. The updated bathrm consists of a newer bath vanity, shower & toilet. Relax on your lakeside patio & yard; enjoy beautiful sunsets & friendly geese! You’ll appreciate the open floor plan & views of Easter Lake from the living rm. This unit includes a carport & laundry rm in front of the bldg. Liberty Lake Condos feature a clubhouse w/mailboxes, pool, hot tub, sauna, exercise rm & no rental cap. A variety of restaurants & shops are across the street & nearby. There’s plenty of extra parking available; King Co Metro is 1 block away & rapid transit is coming soon!

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1004 Emerald St, Milton, WA 98354

$399,950

2 bedrooms; 952 square feet

Enjoy privacy and tons of parking on this large corner lot! Lots of mature trees and some fencing screen your garden, outdoor activities & the parking of your boats, trailers and RVs. You’ll comfortably cook in the large kitchen with eating/storage space, and enjoy hanging out in the open living & dining rooms with lots of natural light, a slider to the side yard & cozy pellet stove. You’ll appreciate the updated roof, siding & windows. Have fun with your friends on the large covered & private patio. The lot also features fruit bearing trees & outbuildings. This home is conveniently located near the Interurban Trail and between I-5 & Hwy 167. The bonus room isn’t full height or counted in the sq ft. Solidify your monthly home payment today!

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Sold 8/22/22

RE/MAX National Housing Report for June 2022

As Inventory Rises, June Home Sales
Post Year’s Highest Mark But Trail 2021

Halfway through the peak summer buying season, this year’s home sales are falling short of 2021’s, as signs of more balance in the market take hold.

• June posted the most home sales of any month thus far this year, topping May by 4.7% but falling 17.6% short of June 2021.
• Inventory grew for a third consecutive month by a whopping 34.1% over May and 27.5% year over year.
• While up 11% year over year, the Median Sales Price of $428,000 inched just 0.6% above May’s.

Bolstering the inventory was a 7.7% increase in new listings month over month, which was an increase of 1.6% over June 2021. Months Supply of Inventory jumped from 0.9 in May to 1.4 in June. A year ago, Months Supply of Inventory was 1.0.

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Watch the 40 second summary video…

Washington State NWMLS Market Snapshot for June 2022

Housing statistics from Northwest Multiple Listing Service for June show signs of a shifting market, creating opportunities for some buyers. Compared to a year ago, NWMLS brokers reported a healthy jump in inventory, double-digit drops in both pending and closed sales, and the smallest year-over-year increase in prices since June 2020.

Northwest MLS brokers added 14,223 new listings of single family homes and condos to inventory during June, up from both May, when they added 13,075 homes system-wide, and a year ago, when they added 13,111 properties to the database. Last month’s total was the highest volume of new listings since May 2019 when brokers tallied 14,689 new listings.

At the end of June there were 13,405 active listings of single family homes and condominiums. That’s more than double the inventory of a year ago and the best selection since October 2019.

With the uptick in months of supply of inventory, we reached nearly six weeks (1.48 months) by the end of June.

Both pending sales and closed sales declined from a year ago. MLS members reported 8,937 pending sales during June, down 27.5% from the year-ago total of 12,328, and down 3.8% from May.

Closed sales also fell from a year earlier (down about 17.2%), but last month’s total of 9,047 completed transactions nearly matched May’s volume of 9,096.

The latest MLS report shows area-wide prices rose about 10.4%, from a median price of $589,000 to $650,000. On a percentage basis, that is the smallest year-over-year (YOY) gain since June 2020 when prices rose around 5.7%.

King County had the second highest sales price last month, coming in at $851,000. That represents a 9.1% increase from a year ago, but a slight decline (3.4%) from May’s figure of $880,000.

Watch the 1.5 minute market report video…

Source: NWMLS 7/6/2022

Legislative Candidate Interviews for WA District 47

I’m proud to be participating in interviews for Seattle King County Realtors endorsements funded by the Realtors Political Action Committee (RPAC), of which I voluntarily serve as a Trustee.

RPAC advocates to and endorses those that protect the business of REALTORS®, and homeownership and private property rights on the national, state and local levels.

Feel free to contact me for lists of our candidate endorsements in Seattle-King County, Tacoma-Pierce County and/or Spokane and the surrounding areas. I will be happy to share lists of those that understand and acknowledge the importance real estate plays in our communities, support REALTOR® issues, and that are committed to working with us on housing issues as public policymakers.

If you’re a REALTOR® and interested in investing in RPAC, please contact me! Your support is vital in resolving the current housing crisis.

RE/MAX National Housing Report for May 2022

May Home Sales Down Year Over Year
as Inventory Grows

Although May is one of the most active months of the year for home sales, closings in May 2022 were 8.5% lower than May 2021. They did, however, climb 5.8% over April. That month-over-month increase was approximately half of the average gain in May during the pre-pandemic years of 2015-2019.

After a long decline, inventory grew for the second consecutive month, making May the first month of 2022 to top inventory levels compared to one year ago. May ended with 16.3% more homes for sale than in April, and 2.2% more than May 2021. Months Supply of Inventory increased from 0.8 in April to 0.9 in May. A year ago, Months Supply of Inventory was 1.0.

The Median Sales Price of $430,000 grew 1.2% over April’s $425,000 and was 13.2% higher than the $380,000 recorded in May 2021. The average Close-to-List Price Ratio in May was 103%, meaning that homes sold for 3% more than the asking price. That compared to nearly 104% last month and 102% in May 2021.

Homes spent an average of 23 days on the market in May. They sold three days faster than in April, and two days faster than a year ago.

Read the full article…

Watch the 40 second summary video…