Posts Categorized: Seattle

Breaking News About The Real Estate Market!

Hi everyone, Rosie Rourke here! I have some breaking news for you about the real estate market… it has slowed down for the summer! I know, all you hear on the news is how hot it is, but my years of experience and the numbers don’t lie! But this is a great opportunity for you if you are ready to buy!

renton real estate trends

Using zip code 98058 (Renton/Fairwood) as one example, see above chart. I’m happy to run a report in your zip code–just contact me! The report shows the last 5 years history. As you can see, every year during the summer and holiday months, the sales dip in quantity. Our area has very limited sunshine, so when summer arrives, the buyers and agents disappear. Especially when kids are out of school. Families take their annual vacation and summer sport tournaments take over.

Even in the best of markets, this trend continues. Note the lack of inventory for this year over the last 5 years… wow! Our market is still extremely hot, just in a plateau as buyers take a break for sun & fun. 

I hear so many times… “I thought summer would be best time to sell since the families need to position for school”. In reality, it already happened in late Spring so that buyers/sellers could enjoy the summer months.

Without rapid pace of sales, the inventory is higher than it has been since Spring market, but on par for last year this same time.  Don’t worry! September and October will heat us back up again.

If you are a buyer, now is the time to take advantage of buying without fear of a bidding war and having no leverage. And, sellers – we got this! Your house may not sell within minutes, but we will sell it for top dollar in a timely manner. 

Area Home Prices Are Up… BIG TIME!

Area Home Prices Are up $132,500 in The Last 24 Months… Whaaaat?!

This isn’t a type-o! Can you believe that? We are looking at the hottest real estate market with the highest home values in our area EVER. For example, home prices in Fairwood alone are up over $132k in the last 24 months. AND, mortgage rates are still at historic lows and home inventory is down. What does that mean for you, the happy home owner? That means your house will sell for more than you ever thought was possible… and fast! The majority of my listings are selling above asking price and we are getting multiple offers.

I know, this is a lot to take in, but is THE time and this is YOUR opportunity to cash in if you are looking to upsize, downsize, or cash in on a rental home you are tired of managing. Just know that I am here to help you navigate this crazy market and help you make the best decision for you and your family.

Call me, text me, email me, or just stop by my brand new office in Kent sometime, I’d love to reconnect and look at your options!

Fairwood Featured Business – Salon Tii Gavo!!

With this post, I am happy to be continuing my “Fairwood Featured Business” series with installment #8.

My ongoing passion is to highlight and celebrate the neighborhood I live in, raise my kids in and work in.  I believe that a big part of what enhances our quality of life is when we enjoy our surroundings.  So I’m taking an opportunity to focus on our neighborhood specifically and to appreciate all that we have here, so close to home.

Previously on this blog, I have featured Plaza Cleaners, Fairwood Thai Cuisine, and Cosmo Nail Parlor, Fairwood Golf & Country Club, Fire District #40, Station 17, Shakey’s and There Ya Go Espresso.

For September I am thrilled to be featuring Salon Tii Gavo!blog-pic-salon_tiigavo1

Salon Tii Gavo has been a fixture in the Fairwood community for EVER – in fact 2017 marks their 20th anniversary!

A Gathering Place

Tii Gavo means “A Gathering Place” in the native Havisupi language. Believe me, the spirit of the name rings true the very moment you step into the salon. You are greeted as if you are family when you walk in (but here’s a hint, it’s BETTER than family – there are SPA services!!) Nine stylists are on staff to provide the full range of hair services, manicures, hot stone spa pedicures and more.  If nothing else, you must experience the luxury of “the lather lounge”…a 5 minute stress relieving scalp massage while getting your hair washed.  It is heaven!

Service Oriented

Owner Jolene Casey showcases her many talents and gifts through her business. Top among them are her dedication to customer service and community outreach. First rate, high-touch customer service is the standard at Salon Tii Gavo. Their reputation in the industry is excellent and customer reviews are outstanding. Jolene takes that commitment a step further, however, by her continuous efforts to give back to her community. Jolene and her team at Salon Tii Gavo are regularly sponsoring raffles, community events and promotions to raise money for worthy charities. Many local and regional organizations have benefited over these 20 years from donations of money, goods and services that the Salon Tii Gavo team has provided! That dedication to service is amazing and rare… I am so happy we have Jolene right here in Fairwood!

Referral Promotion

Jolene shared with me that Salon Tii Gavo is running a referral promotion through the end of October! For current clients, when you refer a new client you will be rewarded from a list of amazing gifts!

The holidays are around the corner as well.  If you have never seen the Salon, please do stop in during November and December to shop from a wide variety of gift ideas for your loved ones…or yourself 🙂

Thank You to Jolene Casey and Salon Tii Gavo! It is businesses like yours that make our community so very special!

~ Rosie

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Fairwood Is Turning 50!!!

FAIRWOOD IS TURNING 50!                                     

fairwood_50_wordpress1Everyone please save the date and JOIN US at Petrovitsky Park on Saturday,
August 27th for an amazing celebration of our beloved Fairwood Neighborhood!

King County Parks is hosting a wonderful day crammed full of activities, including a FUN RUN, Crafts for Kids, Dunk Tank, FOOD TRUCK, Concert in the Park, an outdoor MOVIE in the PARK, and so much more!!

I will be personally involved in the event as well!  The Rosie Rourke Team is proudly offering FREE popcorn at the movie night!  YAY!!!!

All of the details of the day can be found at the King County Parks website. They have done a great job of pulling together local businesses and individuals to highlight our community ~ I am so honored to be able to help celebrate the neighborhood I love.

I can’t wait to see all of you at the party!

~ Rosie

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FAQ – Inspection vs. Appraisal

What is the difference between an inspection and an appraisal? What do they do for me?  These are questions I am asked all the time, so here is a brief run down of each.

Inspection

  • Optional,  but highly recommended for the buyer.
  • Inspector works for the buyer to find any issue that may make the home purchase unwise or less desirable.
  • The Rosie Rourke Team will always be there at your inspection, representing you and your interests in the home purchase.

Appraisal

  • An appraiser is sent by the bank doing your loan on the home purchase.  They represent the bank’s interest and their function is to determine the value of the home.
  • Appraisers do not inspect a home for hidden structural issues.
  • Appraisals are not required if you purchase a home with cash.
  • A bidding war drives the home price up? An appraiser may determine that the agreed price is above the value of the home, in which case the bank may not loan the full amount.
  • The Rosie Rourke Team will always be there at your home appraisal, offering strategies to help you navigate through the process.

Let me know what YOUR questions are ~ I am happy to help!

~ Rosie

Seattle job market among country’s hottest!

blog picOnly 3 cities across the country had a hotter job market than Seattle last year!

The Puget Sound Business Journal reported that Seattle added over 78,000 jobs in 2015.

Dallas was #1, followed by San Jose and Los Angeles.  Finding and keeping talent is a hot topic across the Puget Sound region. More than 25,000 technology jobs in the state have remained open for at least six months, according to the Washington Technology Industry.

What that says to me is that we are perfectly placed in our area to see an increase in buyers looking for that perfect home in a central location.  My team is ready to help you find that home!  If all of this activity has you wondering what your home might be worth in today’s market, I will be happy to meet with you.

Is it time to start dreaming about your next home??

~ Rosie

Seattle housing market is HOT for 2016, according to Zillow

Zillow has posted it’s new hottest housing markets list for 2016, and guess what?  Seattle is #2 nationwide, right behind Denver.  To make the list, Zillow uses home value appreciation, unemployment rates and income growth.Featured Home | Rosie Rourke

Based on their research, Seattle home prices will rise 5.4% this year (second only to Dallas-Fort Worth at 5.6%).  Seattle’s income is projected to rise 1.1%.

Trendy tech centers hogged the spotlight for 2015. But this year, the markets that shine brightest will be those that  manage to strike a good balance between strong income growth, low unemployment and solid home value appreciation.

Remember as well that I can always provide a more accurate value of your home than Zillow can. I am happy to let you know how to increase the value of your home as well.

Happily serving the community and answering your Real Estate needs!

~ Rosie

 

 

 

Seattle Makes the Forbes List

View of downtown Seattle and train stationForbes magazine ranks Seattle #9 for “best places for business and careers.”

“To gauge the best places for business in the U.S., we (Forbes) rate the 200 largest metro areas on a dozen factors related to jobs, costs (business and living), income growth, quality of life and education of the labor force.”

I feel the shift happening to a stronger economy. Look around at all of the new construction — commercial and residential. All tell-tale signs that we are BACK!