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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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.

Read the full article

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

NHR 05-22

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

31003 14th Ave S #E18, Federal Way, WA 98003

$174,950

1 bedroom; 623 square feet

Don’t miss this Top Floor Condo in a lakeside community! You’ll enjoy the open floor plan between the kitchen, dining & living rooms. This light & bright condo features west views of the community from the deck & living room. Liberty Lake Condos feature a clubhouse w/ mailboxes, pool, hot tub, sauna, exercise rm & 2 laundry rms. One laundry rm is conveniently located behind the E bldg. Enjoy beautiful sunsets & friendly geese from the lakeside gazebo. A variety of restaurants & shops are across the street & nearby. There’s plenty of parking available in the lot; King Co Metro is 1 block away. This may be ideal for an investor w/ no rental cap. With some cleaning, cosmetic touches & updates, this condo can shine! Don’t miss this opportunity!

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Washington State NWMLS Market Snapshot for May 2022

marketsnapshot 05-22

NWMLS members added 13,075 new listings to inventory during May, up 9.7% from a year earlier and the highest monthly number since June 2021.

At the end of May, buyers could choose from 8,798 active listings system-wide, up a whopping 59% from a year ago when there were only 5,533 properties in the database. That is the largest selection since September 2020 when there were 9,099 single family homes and condominiums offered for sale across the 26 counties served by Northwest MLS.

“The significant increase in the number of homes for sale has some speculating that the market is about to implode, but that is very unlikely,” stated Matthew Gardner, chief economist at Windermere Real Estate. “What’s more likely to occur is that the additional supply will lead us toward a more balanced market, which after years of such lopsided conditions, is much needed.”

Even with the healthy uptick in inventory, there is still less than one month of supply area-wide (0.97 months). Twenty of the 26 counties in the report are showing more than a month of supply, with the tightest inventory (0.85 months or less) in the four-county Puget Sound region.

Both pending sales (mutually accepted offers) and closed sales during May were down from a year ago, but up from the previous month.

Pending sales declined about 11.7% from twelve months ago but increased 8.2% compared with April. Members reported 10,563 pending sales of homes and condos last month, up from April’s figure of 9,760, but down from the year-ago total of 11,969.

Closed sales dipped slightly from a year ago (down about 3%) but rose 9% from April. Members completed 9,096 sales last month, which was 278 fewer than a year ago. May’s total outgained April by 752 transactions.

Buyers can expect to pay more for homes and condos, although the increases may be moderating. Last month’s system-wide median price of $660,000 was up 12.8% from the year-ago figure of $585,000. Comparing percentages, that was the smallest YOY increase since December 2020 when it was 12.2%.

Watch the 1.5 minute market report video

Source: NWMLS 6/6/2022

12537 NE 7th Pl, Bellevue, WA 98005

$899,950

3 bedrooms; 2.25 bathrooms; 1,317 square feet

Beautiful, completely remodeled townhome w/spacious floorplan & tall ceilings! This bright unit backs to mature trees & Kelsey Creek; relax & enjoy nature on the deck w/a flower/garden box that stays. You’ll appreciate quartz counters through-out, Luxury Vinyl Plank on the main level, newer carpet & tile upstairs. The elegant kitchen features white cabinets, subway tile backsplash, soft close drawers & stainless steel appliances. Stay cozy w/silent Convectair heaters & the wood fireplace w/new tile. The spacious primary suite includes double closets & sinks. You will love this quiet community that’s very close to downtown Bellevue & the Spring District; a couple blocks to Sound Transit’s Spring District & Wilburton Stations opening 2023-24.

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To Paint or Not to Paint? How Home Sellers Can Optimize Interior Wall Color

Using color throughout a home can be expressive, creative and hold cultural significance. But what happens to that level of personalization when it’s time to sell?

According to Jeannie Do, homeowners preparing a property to sell need to look past their own emotional connection to color and focus on what changes – like a fresh coat of paint – can elevate their home’s overall aesthetic, appeal to buyers, and potentially increase ROI.

Do, an agent and member of the International Group with RE/MAX Professionals in Lakewood, Colorado, holds a BFA degree in Interior Design and spent 10 years designing luxury homes and commercial spaces. Through projects as intimate as renovating a mid-century modern home and as sizable as designing NFL stadiums, Do has developed a keen eye for the role color plays in creating an experiential space and the impact it has on consumers.

Do shares what sellers should – and should not – change up when it comes to their home’s interior paint colors, and what shades serve best as a visual template for prospective buyers.

Reconsidering bright colors

Colors used to express oneself, Do believes, can oftentimes be a reflection of their personality, mindset and values. Working with clients from all around the world, including countries like Morocco, Japan, Taiwan, Mexico and more, Do regularly sees the tie between home color and culture.

“As a member of the International Group with RE/MAX Professionals, we work with a lot of Asian clientele and in many Asian households, you may see the color red because it represents good fortune and is very auspicious,” she explains. “Red is a color of high energy and I think that can relate to the dynamic of Asian families who cherish their extended family and host lively gatherings all together.”

She continues, “That said, red is typically a color we would avoid in home staging because it’s seen as a statement color.”

Many home stagers agree that while color is a great way to be expressive while living in a space, it’s often best to eliminate brighter shades when preparing a home to sell in order to appeal to more buyers.

“When it’s time to sell, you should aim to remove yourself from the house and make it a blank slate – almost like an art gallery,” Do says. “Galleries usually have white walls because it allows the art to shine without making an impression on it. I tell my clients to approach their own homes in the same way – you need to set your house up as the neutral gallery for the buyer to see as their next piece of art.”

Aligning with trends

While neutral paint colors are typically timeless, Do shares that there can be a place for brighter colors to stay up or be added in when preparing a home to sell. If the seller’s goal is to match their home with current design trends, like today’s buzz around mid-century modern style, for example, then in-theme colors may be embraced by prospective buyers.

“Right now, the rich jewel tones are on trend, like hunter greens, deep blues and mustard yellows. If they’re implemented in a design-forward way that could appeal to the current buying market, I would say to leave it up on the walls and carefully curate the space around it,” she says.

Do warns that some wall colors, on the other hand, can actually date a home.

“Color doesn’t necessarily always have to go. But if we’re seeing those dark brown or rich red hues from the early 2000s, it may do a disservice to the overall aesthetic of your home. In these cases, I definitely recommend changing it to a color that’s more neutral,” Do advises.

Homes vary in size, have unique layouts and receive different quantities of natural light, thus requiring different shades and undertones of paint even within one color family. That said, Do often finds herself suggesting the colors Swiss Coffee by Benjamin Moore, a neutral-toned white, and Pure White by Sherwin Williams, a creamier tone, to her clients as safe bets for creating a gallery-like effect.

Consumer preferences also have a longstanding history of mirroring societal trends. While cooler grays were preferred for a period of time, warmer neutrals are rising in popularity.

“Because of the change in lifestyle due to COVID-19 in the last couple of years, people are actually starting to favor warmer tones for their mood-boosting and comforting effects. It’s all about psychology,” she explains. “Because people are so uncertain about what’s happening in the world, they want to come home to a place that makes them feel safe.”

Creating a synchronized space

Wall color surely sets a backdrop. But the rest of the elements within a home’s interior have to align to create a space that buyers can envision themselves and their families living in.

“Your furniture and décor pieces have to be cohesive with the wall color. If you have really modern furniture but dated wall colors, the interior can feel disconnected,” Do says. “It’s much harder for buyers to picture how they would personalize, furnish and decorate the home when it doesn’t feel natural.”

Do understands that for many, it’s not in budget to make big changes to a home before hitting the market. In addition to decluttering the space, she shares a few other tricks for staging just with existing items within the home.

“Lighting and window treatments are a relatively easy way to elevate a space. It can even be as simple as moving your curtains all the way up to the ceiling to visually elongate the walls and make the ceiling seem higher,” she explains. “Bring in as much natural light as you can. In smaller spaces, consider swapping out heavier curtains for ones that are sheer to really optimize sunlight.”

A qualified seller’s agent will have insight on the local housing market, have seen comparable properties, and can provide further suggestions to help prep a home to sell.

“When it’s time to sell, just keep in mind that you’re trying to appeal to others’ taste, not your own. Getting rid of personalization and loud wall colors can help the process move along much smoother and attract more buyers along the way,” Do says.

27205 148th Ave SE #104, Kent, WA 98042

$285,000

2 bedrooms; 2 bathrooms; 1,043 square feet

You will love this small, quiet condo community conveniently located near Lake Meridian Park and Hwy 18! This ground floor condo with 0 steps backs to a greenbelt & has a fully fenced patio that is perfect for private fresh air. You’ll appreciate the recently updated kitchen & bathrooms with granite counters, hardwood floors thru-out, new full-size washer/dryer, newer frig & dishwasher. Relax in the large living room with gas fireplace, TV & sound bar that stay. Enjoy HOA approved AC in the primary bedroom with attached bath & large closet, and TONS of storage with a huge pantry, 2 coat closets, linen closet & storage closet on the patio. The assigned parking space is right in front of the condo & additional parking is available. Don’t miss this!

More details and photos

Sold 6/30/22 for $290,000