Posts Categorized: Real Estate Market Updates

Is Covid 19 Affecting Real Estate

how is covid 19 affecting the real estate market in renton, seattle, kent

 

How is Covid-19 Affecting the Real Estate Market?

As you can imagine I’ve had these questions posed to me quite a bit recently from my local real estate clients.

“How is the Coronavirus going to affect the sale of my home?”

“How is Covid-19 affecting buyers, are they still looking?”

Here is my take on things and what is going on right now in front us.

Real estate transactions are still taking place, people need to buy homes or sell homes regardless of what is happening around us. Our open house last weekend was busy, and clients are still planning on listing their home in the coming weeks. Buyers are also extremely active both online and in-person, we really haven’t seen a slowdown.

Interest rates are extremely low right now which gives more buying power to home buyers and they are taking advantage of it. We are seeing record levels of online activity as well as multiple offers on homes. This combined with historically low inventory of homes is driving the market right now. Record number of buyers + low home inventory = a frenzy market at certain price points and areas in Fairwood, Renton, Maple Valley, Kent, and all-over South King County.  

If you are thinking of selling, I would love to have a conversation with you. Now is a great time to have me give you a free one to one home valuation and come up with a game plan. We are also scheduling private showings with anti-viral protocols to make sure everyone is healthy and safe. 

Contact me directly with any questions! 

Call/Text 206.719.5870

Email: rosie@rosierourke.com

Or fill out the form below! 

sellnow

best real estate agent near me to sell my home

 

The real estate market in the Renton, Fairwood, Kent, Maple Valley, Seattle and South King County as a whole has been going through an unprecedented sellers market so far in 2020. With low interest rates and a booming local economy buyers are qualified, eager and ready to make offers... but there are NO HOUSES! Ok yes, there are houses for sale, but we are trending about 38% less inventory (homes for sale) than we did this time last year. Less houses means more competition for buyers, which in turn is GREAT for YOU the seller!

We usually don't see a market frenzy like this until the warmer Spring months, it came early this year. But will it last until Spring? What about the election and now the threat of Coronavirus, how will this affect the house market if you are thinking of selling? Nobody has a crystal ball, but my team does have 40+ years of local real estate experience, and this experience is telling us to react to what is in front you RIGHT NOW! 

Before we get to the 5 reasons why you should list your home NOW and not wait until Spring, I want you to watch the short video below. My clients the Kirks were just like you, their timeline was to list in the Spring but the market dictated otherwise! We guided them through the expedited process of getting their home ready to list, listing it, and selling it literally before the sign even hit the ground! Because they decided to take action now they are currently laying poolside in Palm Springs enjoying their retirement! 

 

  1. Interest Rates – Interest rates at historic lows, which means more buying power for people house hunting right now! This is one of the reasons why there are so many buyers right now! Will these interest rates last? No one has a crystal ball, but if you wait and the rates go up, it could cool off the sellers’ market we are in!
  2. You Will Stand Out – With less homes going on the market right now, your home will stand out from the crowd! If you wait a couple of months you run the risk of a massive flood of listings like yours. With more competition the likelihood of a bidding wars diminishes. Once again, we don’t have a crystal ball but historically later in the Spring we see a surge in listings. Right now, inventory is low, it is a great time to take advantage of this!
  3. You Are in Control – In a sellers’ market like this, you have the upper hand when it comes to negotiating terms. With multiple buyers bidding for your home you will have more options. Waved inspections, over asking offers waving 22AD, etc. For more information about this talk with our team leader and expert listing negotiator Rosie directly!
  4. Off Market – Many homeowners love the idea of selling their home, but don’t want to do the extra work to get it show ready! Or maybe the thought of having people walking through your home is causing you anxiety. Our team has buyers agents with clients looking for a home like yours and we also have a network of top agents we work with buyers too. There is a chance that we could sell your home without all the hassle of listing it in a market like this. Once again, please talk to Rosie about this option!
  5. This is an Election Year – Historically the market slows down the closer we get to a major election. We don’t have a crystal ball, but we can see what is right in front of us. We are telling all our clients to get their home on the market earlier just in case!

Check out this cool tool that we have that can show you how many REAL buyers are looking for a home that matches yours! It’s cool, just enter your email below, then your address on the next screen, and get yourself prepared to be amazed!

January Market Update – Is it a good time to sell my home?

real estate market update

 

It's the last day of January, let's take a look at some market stats for this month. Interest rates continue to be SUPER low which is increasing the number of buyers actively looking right now. House inventory continues to be low which is why homes are selling at a faster rate than usual for this time of year. We usually don't see a frenzy like this until Spring, it has come early!

Bottomline for sellers: You might want to move up your timeline for listing this year. Listing now will help your home stand out!

Bottomline for buyers: Get in before Spring hits, if it is busy now I can't imagine what Spring will be like!

The Rosie Rourke Team doesn't have a crystal ball but we have over 40 years of combined experience. We are here to answer all your questions regarding buying or selling in 2020. Schedule an appointment with our team if you want to talk about selling or buying in 2020! No pressure, just a conversation and a cup of coffee! https://rosierourke.com/contact/

Stand Out, List Now!

is now a good time to sell my home

Stand out from the crowd RIGHT NOW and command all the attention from buyers or be one of many homes on the market this Spring?

"But Rosie, I didn't plan on listing my home so soon in 2020, but I don't want to miss all the buyers RIGHT NOW!" Not to worry, the #rosierourketeam does more than just put a sign in the ground, we can help you organize, stage, declutter, repair/update, and get your home ready to command top dollar in the market place sooner than you ever thought possible!

Did we pique your interest? Here are your action steps...

#1 - In about 2 minutes you can see exactly how many REAL buyers are looking for a home that matches yours! Fill out the form below!

#2 - Contact Rosie personally at 206.719.5870, either by text or call to schedule a time for Rosie to give you a REAL home valuation, not from some computer program that doesn't know your home's story. You can also fill out the form below!

Spring is NOW and the buyers are ready to BUY, let us know if we can help!

Happy New Year!

Happy New Year!

As we enter into a new decade we are coming off of an historic serge in our Renton, Fairwood, Kent, Maple Valley, and Seattle real estate markets! The past few years we have seen prices rise and interest rates fall, but what does 2020 have in store for us? It's also an election, what does that do for first time home buyers, home sellers, second time buyers, and is it a good time to buy or sell a home? Let's ask Rosie Rourke, once of King County's best real estate agents what she things, watch the video below!

 

 

Fall Market Update 2019

The Fall Market is Heating up, Don't get Left Behind!

 

Thinking of buying? Buyers are lining up right now with super low interest rates! Thinking of buying? With the low interest rates you have more buying power than ever before, this is your chance! But none of this is possible unless you take action RIGHT NOW!

Help me buy a homeHelp me sell my home

New Search by School Tool!

find a home near my school

You guys… this is a game changer! School boundaries can be tricky, we are excited to announce a new way to search for your dream home in your dream school district! You can now search for homes for sale that will send your kids (or future kids) to the school you want. For example, if you are looking for homes for sale in the Tahoma School District, you can add that to your search criteria… see the image above!

How do you get started? It’s super easy, head over to my John L. Scott search page and type in a school… that’s it! CLICK HERE: https://rosier.johnlscott.com/search Or contact me directly and I can set up a search for you! Happy house hunting friends!

 

 

Renton the next big tech hub in the NW? YES!!!

Hi everyone, Rosie here! I came across some articles recently written by GeekWire about our growing city! Being a local Renton resident for 20+ years, I’ve always known how great this area is! Lake Washington, Gene Coulon Park, the new Landing/Southport, a revitalizing downtown area, the Highlands, Kennydale Hill, the Seahawks… Renton is awesome and the rest of the US is starting to notice! Here is a link to the articles on GeekWire:

homes for sale near seattle

https://www.geekwire.com/2018/tldr-renton-become-next-big-tech-hub-pacific-northwest/

 

With prices climbing in Seattle and the Eastside, a lot of young professionals and their families are moving south, and Renton has some great neighborhoods with affordable homes! And we are situated in a great commuter location with easy access to freeways and the tech hubs in Seattle and the Eastside. Microsoft, Facebook, Google, Expedia and many others are bringing in talent from all over the US and Renton seems to be a great place for people to land. If anyone reading this blog is from out of state and is thinking of moving here give a us a call… we can help! We are the top team in the area and we know the schools, neighborhoods, and locations you want to be in.  Just contact me, Rosie Rourke, directly and mention that you say this blog, I look forward to helping you!!!

 

Home Inventory Is Up… Where Are You Buyers???

how do i buy a house

Finally… home inventory is up! I just read a report that more homes went for sale in September then they did last year at this time. In fact, this is the most home inventory for sale during the Fall in 3 years! This is GREAT news for buyers… so where are they?

I think the crazy market during the beginning of 2018 has scared a lot of them away. Their loss is YOUR GAIN! Homes are not selling as fast and there is room for negotiation now. And my preferred lenders have told me that there is a possible mortgage rate increase looming in 2019. If rates go up 1 point that could mean 10-15% less in buying power for you! You can’t afford to wait, check out my quick video about today’s buyers market, 3 reasons why you NEED to by now, and check out my team of expert buyers agents who are eager to help you buy a home before the holidays…. CLICK HERE!

Homes for Sale in Burien | Home for sale near Searhurst Beach

Looking for homes for sale near Burien, WA or the Puget Sound in South Seattle? I’ve got an amazing home for sale near Seahurst Beach Park in Burien! It’s walking distance… that’s like having a waterfront home for a fraction of the price!

 


 

The seller is motivated and ready for this large home for sale in South Seattle Burien area to find a new owner! Check out the full listing here: http://rosierourke.idxbroker.com/idx/details/listing/a045/1359122/14203-13th-Ave-SW