January 2022 Newsletter

Page 1

the

Home Connection

Volume 13 | Issue 1

JANUARY 2022

eye on the market Despite the cold rainy weather and onset of the holidays, home buyers and sellers were not deterred from participating in the housing market last month. The typical winter slow-down usually gives buyers an advantage as many people put purchasing homes on hold this time of year. However, this has not been the case this winter as buyers have been very active and demand remains high. In fact, according to recent reports, new listings, pending sales, and closed sales were higher than in past years at this time, and home prices rose a little more than 15 percent compared to this time one year ago.

experience this! ago. In King County prices are up by 12.25 percent, in Snohomish County up by 22.79 percent, in Pierce County up by almost 18.87 percent, in Thurston County up by almost 22.10 percent, and in Spokane County up by nearly 18.20 percent (Spokane Association of REALTORS).

Price escalations and a lack of inventory have continued to make it a seller’s market. With steady open house traffic, buyers are still experiencing tough competition and having to pay above asking price in the face of multiple offers. Builders and developers are also working frantically to alleviate these situations by adding more new construction to the market. Meanwhile, brokers also believe some sellers are reluctant to give up their homes since finding a new home is so The data coming from Northwest MLS also challenging. It will be interesting to see if shows closed sale price escalations were the new year brings an influx of housing widespread across most counties when inventory and how buyers and sellers will compared with the same month a year fare in the upcoming spring market.

Tips for hosting a winter party Though the weather may be frightful, you can still throw the perfect winter party outdoors. Here are a few ideas to help you have the perfect cozy get-together. • Provide heat outside. To keep guests • Choose weather friendly food and warm, a constant source of heat is drinks to serve. Meals should be warm needed. These can include a fire pit, or contain warming spices. Things like bonfire, chimeneas or patio heaters that stews, kebabs, and s’mores are all are free-standing. examples of foods that can help keep guests warm and can be made easily or • Decorate your yard. Creating a theme outside. There are also a can help your decorating have variety of drinks to serve direction and aid in choosing such as hot chocolate or items. Festive winter décor like cider, tea, or even cocktails fairy lights and wreaths can give like a hot toddy or hot your party a cozy and colorful buttered rum. touch. You can also strategically place outdoor furniture near • Plan activities heat sources to keep guests and entertainment. comfortable. Tablecloths and Plan activities and centerpieces can also be added to picnic entertainment based on the predicted tables or patio furniture to further weather for day of your event. elevate your party’s ambiance.

Resolution Run & Polar Bear Dive 1/1

Tacoma RV Show 1/20-1/23

OrcaCon 1/7-1/9

PBR Spokane Classic 1/22

Die Hard RC Experience 1/8, 1/22

Spokane Bridal Festival 1/22-1/23

Monster Jam 1/14-1/16

Broadway Show Anastasia 1/25-1/30

Cirque du Soleil Alegria 1/18-3/13

The Harlem Globetrotters


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