As was expected at the end of 2013, Edmonds real estate has continued the appreciation trends we have seen since the market turned at the end of 2011. Year to date, Edmonds is up another 7-8% and the number of closed sales year over year is almost identical to those 2013 numbers.
So what about 2015 and beyond? I have said for the last year that the appreciation numbers we have enjoyed since 2012 are NOT sustainable. That does not necessarily mean we are going to see depreciation, but the pace at which prices are going up MUST slow down eventually.
Experts predict the appreciation rate to be closer to 3% in 2015, which is a welcomed change for buyers who have battled multiple offers and a tough Seller’s market for almost 3 years.
There are still plenty of buyers in the hunt as my last two Edmonds listings have demonstrated. Both of those listings received multiple offers showing there is still a shortage of homes available for the number of buyers currently in the market. Couple that with my exceptional blend of professional staging, professional pictures, and top notch marketing efforts which I implement into each and every listing and my clients are taking full advantage of the current market we are in.
Thinking of selling in 2015? Call me today to get a jump start on your competition.
Home Sales and Prices Increase, U.S. Housing Market to Improve in 2014
by Madhusmita Bora found on www.RealEstate.com on December 27, 2013
Investors, Cash Buyers Continue to Drive Housing Recovery
We are ending the year with some excellent news for the housing market. Home sales were up in November, and so were home prices.
According to housing data firm RealtyTrac, U.S. residential properties, which includes condominiums, townhomes and single-family homes, sold at an annual pace of 5,146,565 in November.
Home sale volume jumped 10 percent in November, compared to a year ago period, but increased less than 1 percent compared to October’s revised pace of 5,128,034.
Home prices are also up, albeit slightly. The median sales price for all residential properties in November was $169,000. That’s up 1 percent compared to the prior month and up 7 percent compared to the year ago period. November was also the 19th consecutive month that median prices have gone up on an annualized basis.
Tyler Echelbarger, and his team consisting of Stacie Echelbarger and Tom Luehmann, were recognized Monday as one of the top real estate teams in the state of Washington. Real Trends, considered to be one of the leading sources of analysis and information for Residential brokerage and the real estate industry as a whole, ranked agents based on their recent production levels.
There are approximately 21,000 real estate agents that are members of the Multiple Listing Service in Washington State. Real Trends full rankings for Washington can be found here: Click Here
Team Echelbarger was ranked #51 in the state for closed transactions and #21 in the state for closed Volume at nearly $27,000,000.
While Team Echelbarger works out of the Edmonds & Lynnwood Coldwell Banker Bain offices and focuses their business largely in South Snohomish County, in 2013 they have sold homes in Edmonds, Lynnwood, Bothell, Mill Creek, Mukilteo, Everett, Lake Forest Park, Shoreline, Seattle, Queen Anne, West Seattle, Normandy Park, and Mt. Vernon.
Tyler Echelbarger has been a perennial top producing real estate agent in Edmonds and Snohomish County for nearly 10 years and is routinely the #1 agent for Coldwell Banker Bain in Edmonds. In 2012 Tyler was ranked #8 for Coldwell Banker Bain consisting of approximately 800 agents from Oregon to the Canadian Border and Team Echelbarger ranked in the top 3% Internationally.
November 27, 2012
To Whom It May Concern:
We are writing on behalf of Tyler Echelbarger, who sold our Edmonds Bowl house. We highly recommend Tyler, who did an excellent job of selling our house quickly in a very difficult market.
We bought the house at the peak of the market in August 2007, and in the spring of 2011, we decided to sell because we were moving back to California. Given what had happened with the housing market, we knew were going to lose a lot of money on the sale.
Unfortunately, we did not know just how difficult selling the house would prove to be. We went through two agents and numerous price reductions in what became a steadily declining market. Despite these efforts—and those of the agents we had hired—the house still had not sold by July 2012, more than a year after first coming on the market. We then took the house off the market for several months and tried to rent it; ultimately, though, we decided to try selling it again.
In early October 2012, we listed the house with Tyler. We liked that he was an aggressive agent who had actually closed many deals; also, because our house was vacant, we liked that he included staging as part of his services. His much more extensive Internet marketing, Continue Reading
Edmonds Real Estate: September and October Stats for the Maplewood and Seaview Neighborhoods.