the
Home Connection
Volume 11 | Issue 9
SEPTEMBER 2020
eye on the market Our local market remains hot with the pentup demand from early and late spring still yielding those who are willing and able to buy and sell. They’ve been ready and that pent-up demand has resulted in vigorous competition for available listings. With many in our region able to ride out the pandemic working from home, decisions are being made to see what the suburbs have to offer. Recent sales statistics show a mini-exodus is in progress as some choose to move from the more densely populated parts of our region, and move to outlying areas. Expanded work from home policies also mean that many are exploring moving to other states or even abroad. While this trend is supplying some much-desired new inventory,
experience this! it’s not enough to hold down home prices which continue to rise as a result of the competition. In the most recent stats available from the Northwest MLS, median closed sales prices for single-family homes are up almost 7 percent in King County year-overyear. When looking farther out, prices are up 12.35 percent in Thurston County, 13.33 percent in Pierce and 14.54 percent in Snohomish County when compared to the same time period last year.
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Mortgage rates continue to play an enormous role in the current market increasing what buyers are able to pay. At the same time, list prices continue to rise, but even with those rising prices brokers report the competition for listings remains fierce as shown by the ever-present multiple offers received on properly priced properties. As the usual change of seasons approaches, Fall 2020 appears to be unlike any we’ve seen before.
fall home improvement projects Fall is the perfect time to tackle home improvement projects to prepare for the winter months ahead. Here are a few fall projects to improve aspects of your home. • Lawn care for fall. Composting, raking leaves, aerating your yard, and fertilizing grass, trees, and shrubs will allow your foliage to enter its winter sleep comfortably and properly nourished and ensure your lawn is healthy when spring comes. • Replace or install new windows as needed. If you need new widows or your current windows need repair, try glass with double panes, spacers, or filler. Those materials help keep in heat during winter and cool air in during the summer. Signs that you need new windows include; if your current windows are more than 15 years old,
condensation or frost frequently builds up on windows, if glass is hot to the touch in summer and cold in winter, or it there are cracks or rot in the window frame. • Paint the exterior of your home. Fall is a great time to paint your home’s exterior since many days are warm enough to work with exterior paint while being cool enough outside to work comfortably. Paint touch-ups can also help prolong the life of your siding and trim. A new coat of paint or sealer on surfaces that potentially will be covered with snow, such as wood floors or stairs is also important.
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