2023 Holiday Issue
H
appy Holidays!
Quite a lot has changed since my summer update. Back then, the real estate market was cooling rapidly. While not as drastic as the 2008 banking crisis, interest rates had reached 7%, a number that seemed high at the time but ironically appears quite low today. It’s all about perspective, isn’t it? Despite these shifts, the real estate market has shown remarkable resilience, primarily due to the factors that traditionally influence home prices. Low inventory levels have effectively set a floor for home values, even as borrowing costs continue to rise. In fact, new home loan applications are at their lowest since 1994, which directly reflects the quantity of buyers for the first quarter of this year. So, what does all this mean? Well, it varies depending on who you ask. If you’re looking to buy, you’ll need to be prepared to act swiftly when the right home hits the market, as inventory levels aren’t expected to increase significantly anytime soon. For sellers, you’re still in a strong position to sell, but it’s important to adjust your pricing strategy to reflect today’s value. Buyers are willing to make offers at the right price, but they aren’t as inclined to engage in competitive bidding as they were in 2022. And because it wouldn’t be a holiday message without a family update: Amanda and I are incredibly grateful for our children, Sloane (7) and Brandy (5). Sloane has truly embraced musical theatre, shining in her role as one of the Oompa-Loompas in “Wonka.” Brandy is develpoing a love for sports, especially watching Husky football with me. I want to express my heartfelt thanks for your unwavering support. Here’s to a fantastic holiday season wishing you and your loved ones joy, warmth, and all the best in the coming year!
This brochure includes some of my favorite properties we’ve sold in 2023. Thank you for your continued support!
9003 Points Dr NE | Clyde Hill $7,500,000
6822 50th Ave NE | View Ridge $3,895,000
5108 NE 42nd St | Laurelhurst $3,400,000
10810 SE 2nd St | Bellevue $3,975,000
4302 48th Ave NE | Laurelhurst $2,275,000
3012 108th Avenue SE| Bellevue $3,798,000
12243 SE 25th St | Bellevue $3,650,000
1102 2nd St| Kirkland $3,815,000
1126 24th Ave E | Capitol Hill $2,120,000
730 18th Ave W | West of Market $3,798,000
9635 48th ave SW | West Seattle $2,215,000
5034 36th Ave NE | Bryant $1,398,000
11138 127th Place NE | Kirkland $1,602,000
4315 NE 33rd St | Laurelhurst $4,580,000
Brad Cahill Founder | Partner brad@realresidential.com 206.930.4503 realresidential.com | @bradcahillhomes