Washington State NWMLS Market Snapshot for May 2018

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The Top Landscaping Trends for 2018

Native plants, outdoor yoga spaces, and charging stations are among the hottest landscaping trends growing in consumer demand for 2018, according to a new report released by the American Society of Landscape Architects. Landscape architects were asked to rate the popularity of several residential outdoor design elements. Landscape architects noted a growth in the use of native plants, low-maintenance landscapes, and flexible-use spaces, for yoga classes or movie night.

Overall, landscape architects ranked the following outdoor design elements as the overall most popular in 2018:

  1. Fire pits/fireplaces
  2. Lighting
  3. Seating/dining areas
  4. Outdoor furniture
  5. Outdoor kitchens
  6. Decking (i.e. rooftop decking)
  7. Grills
  8. Movie/TV/video theaters, wireless/internet, stereo systems
  9. Outdoor heaters
  10. Stereo systems
  11. Pools and spa features (hot tubs, Jacuzzis, whirlpools, indoor/outdoor saunas)
  12. Utility storage
  13. Hammocks
  14. Outdoor cooling systems (including fans)
  15. Showers/baths

Source: RealtorMag

The Best Housing Markets for Home Flippers

House flipping activity surged to an 11-year high this year, with more than 207,000 homes flipped, according to ATTOM Data Solutions, a real estate data firm. But the key is knowing where to be and when. “The sweet spot for successful home flipping is finding the neighborhoods just emerging as the next hot neighborhoods in a city,” says Daren Blomquist, a senior vice president at ATTOM Data Solutions. The firm says the average profit for a housing flip in 2017 was $68,100.

Realtor.com® ranked the 200 largest metros according to the share of all home sales categorized as a flip (defined as any type of home that is bought and resold within a three- to 12-month period). Researchers limited their rankings to two metros per state for geographic diversity and only included markets where the average profit was at least $30,000.

Read about the best housing markets for home flippers, according to realtor.com®.

3 Pros, 3 Cons of Buying New Construction

Many house hunters are under the mistaken impression that new construction is flawless, a perception that may be challenging to wrestle with if a seller’s home is surrounded by brand-new development. In reality, there can be just as many inspection issues with new builds as there are with resale properties. For buyers who are interested in purchasing new, it’s important to manage expectations and know that no home—no matter what age—is perfect. On the other hand, new homes do have some advantages because they’re not worn. Here are three pros and three cons of new construction.

1914 196th St Ct E, Spanaway, WA 98387

$355,000

4 bedrooms; 2.5 bathrooms; 2,655 square feet

The beautiful, bright, open floor plan you’ve been waiting for! Features include soaring ceilings, generous windows, large gourmet kitchen w/ island & bar, den on main and loft upstairs ideal for entertainment. The luxurious master suite has his & her closets (1 large walk-in) & 5 pc bath. Additional features: tile backsplash & soft close drawers in kitchen, tall counters, numerous closets, security system & fully-fenced backyard. Enjoy 4 parks in Ridgeview Estates, some w/ playgrounds & sports!

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Sold 7/5/18 for $355,000

3 Tips for the Ultimate Staycation

The temperature is warming up, the kids are finishing school and plans for what’s next this summer are being made. Are you dreaming of unplugging from work and other responsibilities and, at the same time, looking to save up to make your next home purchase? You can do it all with a well-planned staycation that allows you to relax, recharge and enjoy some down time in the comfort of your own home. Here are three tips to get you started.

  1. Determine Your Staycation Style

Would you prefer to stay in all week, or get out and about and rediscover your hometown? Like you would do with a destination vacation, make a list of things you want to do, eat and see. This is the time to explore the new museum exhibit, hike the trail you have been meaning to check out or binge watch your favorite TV show.

  1. Prep like you are leaving town

The best part of a vacation is getting away from the day-to-day tasks of everyday life. Do yourself a favor and run errands and complete chores the week before your staycation. Do the laundry, fill the car with gas and clean the house (or, better yet, have it professionally cleaned). This way you can really settle in during your week at home without worrying about the clean clothes that need to be put away or the rug that needs to be vacuumed.

  1. Splurge A Little

One reason you chose to vacation at home is to save money, but that doesn’t mean you can’t splurge a little on small luxuries. Stock the refrigerator with items for awesome homemade meals or budget for eating out at restaurants when the mood strikes. Even a nice bottle of wine or high quality bubble bath can make you feel luxurious and relaxed without breaking the bank.

April 2018 RE/MAX National Housing Report

Home Sales Increase 2.3% Despite Peaking Prices, Ever-Shrinking Inventory

Home sales increased 2.3% year-over-year in April 2018 in the face of record low inventory and the second-highest median sales price in the nine-year history of the RE/MAX National Housing Report.

In April, San Francisco, CA reached a new benchmark surpassing $1 million for the metro area’s median sales price. Eight other metro areas including Las Vegas, NV, Seattle, WA and Boise, ID saw large double-digit price increases from just a year ago.

The $243,000 Median Sales Price was a record for April and was second only in report history to $245,000 in June 2017. In each of the last five years, June has produced the year’s highest Median Sales Price, with July or August posting the second-highest monthly price each year.

Notable metrics from this month’s RE/MAX National Housing Report:

  • Thirty-eight of the 53 markets in the report posted more sales than in April 2017, while the 2.5 months supply of inventory tied March as the lowest ever, in the history of the report
  • The average Days on Market in April was 52 — that’s five days less than April 2017 and a RE/MAX National Housing Report record for the month.

Please note the name change to this month’s housing report. Beginning in May 2018, the title of the RE/MAX National Housing Report will reflect the month of MLS data being reported on in the report. For example, this April 2018 report reflects the April MLS data.

Read the full article in RE/MAX’s newsroom

Watch the 40 second summary video on YouTube