Edgewood, WA Real Estate Blog

We’re at month’s end and after reviewing May’s Edgewood statistics I’ve moved on to home sales in Milton. It’s always much more interesting to look at activity by price range by single area as opposed to overall stats for multiple area groupings the MLS publishes if you want the nitty-gritty on a specific area. [...]

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According to a Wall Street Journal article this morning, Zillow has just released their t Q1 Home Value Report. It shows that “U.S. Home Values in the first quarter posted the largest decline in more than a decade, falling back to 2005 levels.”
Here’s what the Zillow report details year over year median Zestimate (Zillow’s [...]

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Statistics for March 2008 for Edgewood and surrounding cities have just been updated.
The spring selling season is upon us and it shows in the stats. You’ll find some big jumps up and down in prices and inventory depending on the area. Some areas like NE Tacoma (MLS areas 94-95) don’t have a lot [...]

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I mentioned in a previous post that it’s paramount for both buyers and sellers to understand what’s coming down the pipe real estate market wise.
 
I was asked: “Well, what exactly is coming down the pipe?“
 
As you probably know, many exotic loans were originated during the 2004-2007 period. Exotic loans are [...]

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Like a lot of places, here in Edgewood a lot of sellers and a lot of agents seem to be having a hard time moving from fantasy land to reality.
I don’t know if it’s sellers unwilling to grasp that yesterday’s sales prices were available yesterday, and/or if their agents don’t know what’s going on… and, [...]

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What do you do if you don’t know the “correct” listing price for your home?
In yesterday’s market a lot of agents picked a number that would satisfy the seller and wait for the market to catch up. That technique appeared to have some success when prices were escalating 15% a year or more. [...]

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Notwithstanding all the technological advances of recent years, the fact remains that selling real estate is a simple business-
Price the property appropriately and expose the ‘heck’ out of it.
Note I said simple, not easy. The distinction reminds me of something I heard or read about Bob Hope being “accused” by a reporter of being [...]

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I posted the following comment this morning in response to Why Touring Your Home Isn’t RE.net Compatible and Other RE Fallacies.
Ah yes, the office tour… I concur. It’s a poor excuse for marketing offered up to anxious sellers. It always bothered me that tours were presented to a seller as meaningful exposure. [...]

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