Simonson Real Estate

JULY 10, 2020

Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Value Scenarios.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Will Springer Realtor

JULY 13, 2023

urban centers remain mostly higher than in 2019. The national office vacancy rate stands at 16% through March , up from 11% at the end of 2019 – just before life changed for you, me and the world. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

SEPTEMBER 8, 2021

It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). It is developing several single-family and multifamily communities in King and Snohomish counties. We have covered over and over the scarcity of homes available for sale.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

MAY 13, 2024

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

DECEMBER 13, 2022

Contributing to improving the mood should be the anticipated 900,000 or so two-unit-plus housing under construction across our country that will start to come online in 2023. In his estimate: “Homebuilding’s going to contract.”. Locally, permits for single- and multi-family home construction are down about 20% from this time last year.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Housing Wire

APRIL 27, 2023

These developments—and more—can be seen as cracks in the armor of a housing-industry sector that rose out of the ashes of the Great Recession and grew to become a thriving alternative for individuals locked out the home-purchase market by rapidly rising prices.

Renovations 285

Renovations Investing Real Estate Marketing 285

Will Springer Realtor

FEBRUARY 8, 2023

Facebook (Meta) is evolving its office arrangements, leaving space in Seattle and Bellevue and contemplating additional contraction while opening a new lab (Frank Gehry-designed Building X) in Redmond later this year. in mid-2019. Public development can be a great option for increasing the supply of homes.

Retail 36

Retail Design Development Landlords 36

Listing Spark

SEPTEMBER 25, 2023

The Rise of New Construction Homes New construction is stepping up to fill the void in the market. In cities like Houston and Dallas, new construction now accounts for a substantial 28% of the market, meaning more than one out of every four homes sold is newly constructed. YOY) Pending Sales: 7,842 (increase of 2.2%

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

DECEMBER 14, 2021

That’s far higher than YoY figures at the end of 2020 (up 1.7%) or 2019 (2.5%). However, only 29% of office workers have returned to the core of Seattle, compared with figures from 2019, according to the Downtown Seattle Association. New construction across King is projected to decline a surprising 11% in dollar terms in 2022.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Portland Appraisal Blog

AUGUST 3, 2019

Data was pulled from the year 2000 to the July 2019. The data export was checked, validated, and scrubbed of obvious errors using custom tools developed by the author. There has been relatively little new construction along the lake with ~3.8% Finally, the “CtL” label stands for “contract-to-list” ratio.

Architecture 78

Architecture Contracts Marketing Advertising 78

Will Springer Realtor

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. The effort was led by lawyer Edward Bassett, who went on to develop freeways and parkways. . = Zoning laws in the U.S. The benefits of zoning are innumerable.

Law 36

Law Development Design Government 36

Portland Appraisal Blog

AUGUST 11, 2019

The data export was checked, validated, and scrubbed of obvious errors using custom tools developed by the author. Approximately 6% of sales in the neighborhood were new constructions. Finally, the “CtL” label stands for “contract-to-list” ratio. Data was pulled from the year 2000 to the present date.

Contracts 78

Contracts Advertising Construction Marketing 78

Will Springer Realtor

APRIL 11, 2022

With each stall in a commercial garage costing tens of thousands of dollars to build, parking requirements can impose significant costs on property developers, owners and renters. Rather than allocating parking that goes unused, developers could propose sharing available space in nearby buildings. For buyers, they can only hope.

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

JUNE 13, 2023

Supply of resale housing (as opposed to new construction) is shrinking across our region. Interestingly, a higher proportion of home sales are now coming from new construction. were in various stages of construction. That share from 2000–2019 was an average of 13%. There are 1.3 a month ago. Eastside inventories are at 1.2

Buyers 36

Buyers Inventory Construction Finance 36

Portland Appraisal Blog

DECEMBER 1, 2019

The data export was checked, validated, and scrubbed of obvious errors using custom tools developed by the author. Approximately 3% of sales in the neighborhood were new constructions. Finally, the “CtL” label stands for “contract-to-list” ratio. Data was pulled from the year 2000 to the present date.

Contracts 78

Contracts Advertising Construction Marketing 78

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. New Construction The new home construction sector has taken much of the residential spotlight this year.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. The number of single-family homes going under contract (Pending sales) fell 8.7% The market has, ahem , evolved in the four years since.

Sellers 60

Sellers Buyers New Listings Inventory 60

Will Springer Realtor

JULY 11, 2023

The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. The number of unsold (Active) listings in King is 49% fewer today than on July 1, 2019. However, that’s only up 7% year-on-year (YoY) and is half the level from June 2019.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Portland Appraisal Blog

JULY 27, 2019

The data export was checked, validated, and scrubbed of obvious errors using custom tools developed by the author. There has been relatively little new construction in the neighborhood with ~5.8% Finally, the “CtL” label stands for “contract-to-list” ratio. Data was pulled from the year 2000 to the present date.

Contracts 78

Contracts Advertising Marketing Appraisal 78

Quicken Loans

JUNE 10, 2021

Meanwhile, the number of new construction homes sold according to the Census Bureau and the Department of Housing and Urban Development was down 5.9% Because April 2020 was in the teeth of the pandemic shutdowns, it’s more fair to look at April 2019. If you compare that to April 2019, the pace was only 673,000 sales.

Real Estate 38

Real Estate Marketing Construction Clients 38

Will Springer Realtor

MAY 9, 2022

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. While these are promising developments, there will always be the affordability question. million sq. That’s up from 2333 sq.

Architecture 36

Architecture Design Buyers Construction 36

The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Regarding COVID-19, US office vacancy rates have increased from 9 percent in the fourth quarter of 2019 to 17.2 new construction pipeline of nearby buildings.

Real Estate 78

Real Estate Retail Investing Tenants 78

Will Springer Realtor

MARCH 14, 2022

off their 2022 high of 3.92% (the highest level since May 2019). 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. Developers can build only so many new homes at a time!

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

MAY 12, 2021

The narrow area known as Westlake, just west of Lake Union (and, notably, close to Facebook, Google and Amazon offices), has seen the number of people aged 25-34 double from 2010 to 2019 and now comprise 52% of its residents. Now, home builders would need to construct as many as 1.2 We are on the right track. million units.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

OCTOBER 8, 2021

Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. As part of the project, developers are sketching out plans for a pair of office towers at least 41 stories tall on a 4.6-acre It is home to the highest-priced condo sale in Seattle history, $12M (2019). And now, a 2-bed, 1.75-bath

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

JUNE 8, 2022

The unprecedented housing price increases in our region – up 39% in King for all home types since May 2019 – will possibly stunt homeownership rates going forward. The change follows Oregon’s lifting in 2019 of zoning restrictions on housing to help address the housing shortage. With scarcity comes price appreciation.

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

NOVEMBER 12, 2021

In a review of 45 years’ data, a 2019 study claims adverse zoning laws wiped out 36% of potential economic growth and negatively affected each worker by more than $8700 in annual wages. Even if one were to contest the study’s results, there is little doubt that zoning laws can adversely impact growth. Some parts of the U.S. –

Law 36

Law Inventory Real Estate Government 36

Will Springer Realtor

NOVEMBER 10, 2023

We can look back to post-World War II when HOAs helped to create the initial segregation of the suburbs with planned developments – such as Levittown in New York – and gated communities. BENEFITS OF BUYING NEW Are you thinking of buying a home but can’t afford the high-interest payments? New home builders have an answer. Sunnyvale, Calif.

HOA 36

HOA Buyers Law Supply Chain 36

Will Springer Realtor

JUNE 9, 2021

You have read here before how lumber prices have soared about 250% in the past year, prompting real concern among developers who are seeing profits dwindle. Some smaller construction companies are heavily burdened by rising costs for everything from lumber and steel to fuel and labor amid a lack of available employees. of the U.S.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JULY 9, 2021

Urban planners have a name for it: the 15-minute neighborhood and it is already in development in parts of the country, including Seattle. Where would you like to see this type of neighborhood development? increase in single-family permits over 2019. >> Make sure residents can get to their employer and to a jobs center.

Buyers 36

Buyers Development Transportation Inventory 36

Will Springer Realtor

JUNE 9, 2023

This net gain for Millennials is interesting when you factor our nation’s population growth has slowed for three consecutive years (2019-2021) to 100-year lows. We need every market-rate and affordable home that developers can produce. That’s a swing of 550,000 households a year in overall household growth among this age group.

Buyers 36

Buyers Transportation Housing Market Law 36