Lifestyle real estate newsletter | march 2019
timing your sale: when is the perfect time to sell? Homeowners ask me all the time, “When is the ideal time to sell?” In my opinion, there are opportunities for buyers and sellers in every market and every season. Timing a sale, unless you are an investor, should really be focused on where you will live your best life. If you need a another bedroom because your family is growing, your family’s comfort is more important than the gain you might make on a home sale because you will probably gain on the next purchase anyway.
If you trying to time the market for a sale, Here are some things to keep in mind:
• Buyers, Sellers, and Balanced Markets – A sellers’ market has more buyers than there is inventory of homes; a buyers’ market has more homes than buyers; a balanced market is one in which the two are about equal. However within neighborhoods and different price points, different types of supply and demand can be measured. Just because the media is reporting an area is a sellers’ market doesn’t mean that all home will sell quickly. It is important to investigate what is happening in your inventory niche. • Time of Year – This is tricky
For example, transportation hubs generally cause more people to want to live nearby to take advantage of easy access. Large employers, new schools, parks and more may attract buyers who want to live nearby. Take a look at future planned development to get a sense of what is coming.
because there are two factors at work – the size of the potential buyer pool and the number of homes going on the market that are trying to take advantage of that buyer pool. • An Area’s Economic Health – Do you expect our area will attract more business or less business in the coming years? Take a look at our area’s major employers and the industries our local area is known for, think about the advances that are coming, and ask yourself if those changes will make our area stronger (with more demand for housing) or weaker (with fewer workers, there may be less demand). • Predicting Future Demand – Are changes coming to specific pockets in the area that may cause demand to rise or fall?
• Real Estate Cycles – This is a tough one since no one has a crystal ball. However, there are up cycles and down cycles in real estate. Think about your future plans – the next 5, 10, and 15 years. What changes do you see for yourself and where do you want to be? If your goal is to stay about where you are or upsize, then a real estate downcycle may not affect you too much. But if your goal is to downsize or move out of the area, then you should pay attention to the inventory clues.
Questions? So should you sell now? It really depends! It really depends on your unitques situation, your area, price point, and your future plans. If you are mullin over your next step, let’s talk.
N I N A B J O R N S TA L 206.730.0962 | Cell or Text nina@ninabjornstal.com | E https://realestatenina.com | W
15117 Main Street B106 | Mill Creek WA 98012
just listed: pending inspection 5 days on market
N I N A B J O R N S TA L 15117 Main Street B106 Mill Creek WA 98012
3431 Hoyt Ave | Everett 98201 MLS #1409808 OFFERED at $360,000 4 Beds | 1 Bath | 1512 Sq Ft Nina Bjornstal Represented: Seller The most sincere compliments I receive are the personal referrals from you. Thank you so much! Remember how much fun we had finding your home? I’d love to help them create that memory too.
N I N A B J O R N S TA L 206.730.0962 | Cell or Text nina@ninabjornstal.com
Market watch update | see the market trending in your county
Median sale price: $675,000 Average sale price: $801,134 List to sale price: 100% Months of Inventory: 1.7 Days on Market: 25
King County
Snohomish County
Snohomish County
Median sale price: $442,990 Average sale price; $490,325 List to sale price: 100% Months of Inventory: 1.9 Days on Market: 29
Pierce County
Pierce County
SOLD at $440,000 MLS 1403070 CDOM 5 3 Beds | 2 Bath | 1340 Sq Ft TU
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Nina Bjornstal Represented: Buyer
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Median sale price: $345,000 Average sale price: $380,601 List to sale price: 100.7% Months of Inventory: 1.6 Days on Market: 31
14524 Silver Firs Drive Everett 98208
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Median sale price: $336,000 Average sale price: $369,617 List to sale price: 100% Months of Inventory: 2.1 Days on Market: 35
Median sale price: $479,950 Average sale price; $519,441 List to sale price: 100.9% Months of Inventory: 1.6 Days on Market: 26
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Median sale price: $619,000 Average sale price: $739,229 List to sale price: 100% Months of Inventory: 2 Days on Market: 27
King County
sold: closed sale
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January 2019
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february 2019
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If your home is currently listed this is not a solicitation for your listing, please disregard this mailer. | 2019 Lifesytle real estate by nna