Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract).

Real Estate 370

Real Estate Law Development Investors 370

Will Springer Realtor

SEPTEMBER 8, 2021

Builders began construction on just under a million single-family homes in 2020. There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. That’s fair.

Construction 36

Construction Inventory Buyers Real Estate 36

Appraisal Today

DECEMBER 15, 2023

With the pivot towards new construction gaining steam, development patterns for single-family homes, in particular, should be closely tracked. Purchase volume was running about 18 percent below last year’s pace, as prospective homebuyers are still challenged by a lack of inventory, even as rates have decreased.” percent from 7.17

Appraisal 77

Appraisal Contracts Business Mortgage 77

Houston Properties

JANUARY 12, 2022

The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions. Case Study #2: Buying “Pretty” New Construction, Overlooking Limited Land & Freeway Proximity. Quality of construction.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

APRIL 10, 2024

Climate-resilient housing, which is designed and constructed to withstand and adapt to the impacts of climate change, is increasingly recognized as a critical priority for our region. That’s only 20 cents more than in 2018. About half of all homes within the twin-tower community have buyers under contract.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

JANUARY 10, 2023

Homes going under contract (Pending sales) dropped 25% from the previous month and by 30% year-on-year (YoY) – staggering drop-offs. A total of 28,393 homes were sold in King County in 2022 (excluding new construction sales). months of inventory, down from 2.2 Inventory in both Seattle and on the Eastside was at 1.8

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Lamacchia Realty

DECEMBER 28, 2021

The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. Even though the inventory of homes for sale at any given time all year stayed lower than ever, it did not decrease sales overall. 2021 Recap. Yes, you read that correctly, worse. It is a real problem.

Sellers 74

Sellers Inventory Buyers Realtors 74

Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. A median priced home in King County today runs about $800K, or 32% more than in 2018 and a whopping 111% more than a decade ago. Does anyone have WD-40 to help us out with those pesky gates?

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

APRIL 11, 2022

Parking stalls in the Puget Sound region increased by 13% from 2013 to 2018, while the population increased by 9% and housing rose by only 6%, according to local data sources. This year’s buying and selling campaign will be marked by increasing inventory (good!), overall, where housing inventory rose 2.4% BY THE NUMBERS. >>

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

OCTOBER 8, 2021

Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. The Knight Frank survey covered 49 global markets. >> Seattle is on pace to have one of the slowest annual growths in apartment-unit construction in the U.S. Inventories improved fractionally. There is now 0.7 months, up from 0.5

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

MAY 12, 2021

That’s 52% higher than 2018, when Freddie first began looking at housing shortages. Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. >> NAHB reported an estimated 15% of all new-construction home sales in the U.S.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

AUGUST 9, 2022

An independent estimate from 2018 claims roughly 40% of the nation is in a flood-risk area. Inventories are on the rise, so much so that one area is now considered a buyer’s market. The bright spots include increasing inventory and falling prices across most of the region. Inventory levels are mounting in King, now at 1.9

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

MARCH 14, 2022

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Soaring costs of labor and construction materials is certainly contributing to the rising figure but there is evidence of a sharp increase in home improvements since the start of the pandemic. Condo inventory is not much better.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise. of the U.S.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

They include shortages caused by restrictive zoning that limit the number and type of housing units built on a given parcel, a “not in my backyard” resistance to new construction in traditionally single-family-home neighborhoods, and layers of regulations, processes and fees that dissuade developers from building in certain areas.

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

JULY 9, 2021

Home prices are going to continue to go up until the inventory comes back bit,” said Rick Sharga, EVP at real estate information provider Realty Trac. Inventory across our area remains extremely low. There is more than a month of condo inventory in Seattle, including two-plus months in Capitol Hill/Central District.

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Buyers Development Transportation Inventory 36