Will Springer Realtor

JANUARY 9, 2024

1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. The pact clarifies certain terms, including whether they will have an exclusive contract with the broker or non-exclusive, and how brokers will be compensated for their services. (I List price: $6.499M ($1161/sq.

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Mortgage Real Estate Law Lending 36

Will Springer Realtor

OCTOBER 11, 2023

First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day. That increased new listings by 7.5% (2884 units) and available homes on the market by 12% (3602) from Sept. Seattle alone saw a 29% (1213) monthly increase in new listings. This 3-bed, 2.5-bath

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Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. A little more than a third of inventory is under contract. Prices declined 5.4%

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Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

MAY 9, 2022

The number of new and active listings (still on the market on May 1) is trending higher in King month-to-month, but since June 2021 Pending sales (homes going under contract) for all residential units in the county have declined compared to the same month the year before. List price: $3.495M ($782/sq. bath , 6920 sq.

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Architecture Design Buyers Construction 36

Will Springer Realtor

JULY 13, 2023

The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% While that percentage may appear strong, it’s nothing compared to the April-to-May rise of 18%, signaling a probable cooling of new listings going forward. New single-family-home listings rose 3.8%

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Construction Supply Chain Real Estate Development 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. While the number of new listings in June jumped 8.2% LUXURY LIVING King County is well known for its amazing mid-century modern homes.

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Will Springer Realtor

OCTOBER 11, 2022

Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. New listings and housing supply are on the rise as buyer activity took a dive in September, based on the latest assessment of data from the Northwest Multiple Listing Service. List: $3.2M ($703/sq.

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Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

AUGUST 9, 2022

The market recalibration continues across King County with a sharp drop in new listings, Pending sales and closings while prices decline. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5% Inventories are on the rise, so much so that one area is now considered a buyer’s market.

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Inventory Buyers New Listings Construction 36

Will Springer Realtor

MAY 12, 2021

The county saw new listings and end-month Active listings rise but Pending sales slip, suggesting buyers are no longer snatching every listing on the Northwest MLS as they become available. Listed at $1,995,000 ($725/sq. for this piece of modern Seattle history (with outstanding views, by the way).

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

SEPTEMBER 8, 2021

Just when signs were looking up for an increase in new listings and more inventory, the tap was moved back to near shut. The steady stream turned to a trickle, as the number of new and end-of-August active listings declined in the double-digits from just one month earlier. Active listings as of Sept. year-on-year.

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Construction Inventory Buyers Real Estate 36

Will Springer Realtor

JUNE 9, 2021

More than 90% of builders in May reported shortages of appliances, framing lumber and other wood products: To address rising costs, some 47% of builders surveyed this spring say they are including price-escalation clauses in their sales contracts to avoid a deeper hit on their bottom lines. The listing agent calls it “modern farmhouse.”

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Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

After a continued rise in sales activity through March, the number of Seattle listings under contract and new listings have eased. Pending condo sales in May fell 10% (326) from April and 13% from this time last year, while new listings were down 3.8% month to month (436) and 6.1%

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Will Springer Realtor

JULY 9, 2021

A new door improves curb appeal, adds modern technology to the house and, based on my observations, doesn’t make as much noise as older models! As of this writing, about 47% of the 262 units are under contract or sold – including this 36-floor, sub-penthouse with stunning West-facing views. They are often surprised by my answer.

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