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SeattlebyDesign | Condos & Lofts, Houseboats, Waterfront, & Residential Real EstateSeattlebyDesign | Condos & Lofts, Houseboats, Waterfront, & Residential Real Estate

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Market Trends From Around The Sound: Q2-2021

 

The year started hot for the real estate market. And the second quarter of 2021 continued these trends as low inventory, rising median home sales prices, and fleeting time on market put sellers in the driver’s seat. Realogics Sotheby’s International Realty examines five key markets each quarter to find out where the market has been, and where the trends might lead us next. A lack of inventory has been apparent since the height of the pandemic, and while more sellers are entering the market, the need of buyers didn’t diminish in Q2-2021 as mortgage rates hovered near historic lows and competitive offers escalated sales prices. Whether a seller preparing to list your home and receive the best possible offer or a buyer seeking your next opportunity, with the right advisement, preparation, and marketing, which you can find with an RSIR global real estate advisor, it’s still a great time to enter the market.

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Posted in: SeattlebyDesign Properties

Everything You Need to Know About School Districts

There are a lot of factors that go into deciding where to start your home search. One of these components is choosing the right school district. Whether you have a family or are considering starting one, buying a home in a neighborhood with highly rated schools can feel very high-stakes.

Our team has compiled all the necessary resources to help you navigated the Seattle school systems with ease.  Check out the links below and then reach out to the team, and we can help you find your dream home in your ideal school district.

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Posted in: SeattlebyDesign Properties

2021 Waterfront Report

Realogics Sotheby’s International Realty waterfront report is compiled by over two years of waterfront transactions in many of the communities in which our brokers are hyper-local waterfront experts. From January 2019 through March of 2021, we look at the trends among waterfront sales, starting with the 12 Western Washington counties below.

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Posted in: SeattlebyDesign Properties

Case Shiller Market Watch

A year of strong home price growth amid a shift to remote work.

Here we take an in-depth look at how the emerging work-from-home trend may reshape our communities. The Index reported that Seattle ended the year ranked second in the nation for residential price growth for an eleventh straight month. At third place, San Diego failed to close its narrowing gap with Seattle. The mix of urban, suburban, and exurban development within the MSA means that the Case-Shiller index for Seattle does not only reflect residential price trends inside the city but also prices in suburban and exurban towns beyond the city.

Homebuying demand has not fled the Greater Puget Sound: It is simply realigning with the preferences of the millions who enjoy the quality of life this region offers.

Posted in: SeattlebyDesign Properties

Record-Breaking Sale in Three Tree Point

 

Earlier this month, Barry Bergner and Enrico Pozzo, sold a spectacular waterfront home on Three Tree Point for a record-breaking $3,175,000. Three Tree Point is in Burien, just 13 miles south of Seattle, due West of the Seatac airport, and offers some of the most affordable, jaw-dropping views of Puget Sound and the Olympic Mountains.

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Posted in: SeattlebyDesign Properties

Who Gets the Earnest Money?

Cash with a new house key and keychain

Have you ever wondered what happens to the earnest money deposit when residential transactions fail to close?  The answer is found in a piece of legislation created by the State of Washington called the Interpleader.  Intending to resolve uncertainties surrounding the proper disposition of earnest money deposits, this process was clarified for SeattlebyDesign, by one of our favorite Title & Escrow companies, and we felt obliged to share it with you.  Note that earnest money can be held by title companies, escrow agents, and real estate licensees.

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Posted in: SeattlebyDesign Properties Tagged: earnest money, new home, Real Estate, Real Estate Market, realogics sotheby's international realty, residential real estate, residential transactions, Seattle Real Estate, seattlebydesign

Let’s Talk About Earnest Money Deposits

So you’ve just received the exciting news – your offer was accepted! Now you need to get your earnest money deposit turned in to the designated holder by the date outlined in your Purchase and Sale Contract (PSA).

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Posted in: Education, Financial, General Real Estate Information, Lending Tagged: are earnest money payments released, cashier's check, earnest money deposits, how earnest money deposits work, personal check, what are the earnest money deposit options, what form of payment should an earnest money payment be, what happens to my earnest money deposit, wire transfer

Where Next: Kauai

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Posted in: Destinations, Relocation, Sothebys Tagged: Andrea Healey, Island Sotheby's International Realty, Kauai Homes for Sale, Kauai Real Estate, Moving to Hawaii, Moving to Kauai, realogics sotheby's international realty, Relocate to Hawaii, Relocate to Kauai, seattlebydesign, Sotheby's International Realty

Where Next: Santa Fe

This month, Where Next visits Neil Lyon of the Neil Lyon Group, for an inside look at Santa Fe, New Mexico!

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Posted in: Destinations, Investment Property, Relocation, Sothebys Tagged: Living in Santa Fe, Move to Santa Fe, New Mexico, relocate, Relocate to New Mexico, Relocate to Santa Fe, Santa Fe, Santa Fe Lifestyle, Sotheby's International Realty New Mexico

2021 Design Trends

When we think about design trends, this year’s are important as ever as we begin to realize the way the pandemic has reshaped the meaning of home. Our homes have become all-encompassing as we try to juggle the challenging balance of work, life, schooling, and so much more under one roof. Because of this, leaders in design Backdrop Staging, are seeing trends emerge that promote peace and well-being.

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Posted in: General Real Estate Information Tagged: Best Design Tips for Home, Declutter Your Space, Home Design Tips, Home Design Trends, Home Offices, Interior Design Trends, Seattle Home Staging, Utilizing Your Space

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