Selling

Buying Market Insights: April 2024 April 2024 Market Insights April 2024: “Although home sales are at a 30-year low as buyers face higher borrowing costs and stubbornly low inventory, housing options on the market are beginning to increase.” according to Lawrence Yun, NAR’s chief economist.  That is clearly evident in our markets as inventories climb above 100 properties for the […]
Buying Seven Steps to Yard Sale Success Seven Steps to Yard Sale Success As you prepare to sell your house and move to a new one, you may be taking a fresh look at your belongings. You might be wondering how they’ll work in the new home or if you’ll need to upgrade to new ones. If you’re staging your current home […]
Buying Market Insights: March 2024 March 2024 Market Insights March 2024:  We are starting to see an up-tick of activity in the market, with more new properties being listed than we’ve seen since last spring.  While we are still in a seller’s market, we are seeing more activity than at the same time last year.  Pending sales in the month […]
Buying NAR Settlement Statement from Windermere CEO and Co-Presidents NAR Settlement Statement from Windermere CEO and Co-Presidents Recent developments in the real estate industry concerning the settlement of a class action lawsuit by the National Association of REALTORS® (NAR) has raised a number of questions, especially as it pertains to agent compensation. For more than 50 years, Windermere has put integrity and professionalism at […]
Buying Market Insights: February 2024 February 2024 Market Insights February 2024:  Our Stanwood and Camano Island markets have remained slow over the past few months, which aligns with the typical seasonal patterns following the holiday season and winter weather. Interest rates continue to hover around 7%, which slows sellers’ willingness to give up their low mortgage rates and reduces buyers’ […]
Buying Market Insights: January 2024 January 2024 Market Insights January 2024: Available inventory in our markets continues to decline due to typical seasonal patterns. Limited new listings are fueled by seller reluctance due to interest rates. They feel trapped with their low interest mortgages, limiting their ability to purchase the home that they want to purchase after they sell. Buyers […]
Buying Market Insights: December 2023 December 2023 Market Insights December 2023: December marked the lowest number of new listings for all of 2023 in both the Stanwood and Camano Island markets. As a result, active inventory is the lowest that it has been since April. Seasonal patterns typical of this time of year and low inventory resulted in the lowest […]
Buying Market Insights: November 2023 November 2023 Market Insights November 2023: The past weeks have seen gradual declines in interest rates. 30-year fixed mortgage rates have dropped over a point and a half over the past two months to just over 6.6% currently. Economists are predicting an additional drop in rates to 6% in the latter part of 2024. This […]
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Buying Market Insights: October 2023 October 2023 Market Insights October 2023: In the past months, the purchasing power of potential home buyers has weakened further with rising interest rates and a continued lack of inventory, creating a slowdown in market activity. Active listings in our combined market have remained fairly steady over the past six months at just over 100 […]
Buying Should I Tell Buyers My House is Haunted? Should I Tell Buyers My House is Haunted? This time of year is full of spooky moments. If you’re selling a home that has a history of paranormal activity, it could scare buyers away, or intrigue them. Haunted houses are a great attraction for thrill seekers, but buying one is a completely different matter. There’s […]
Buying Market Insights: September 2023 August 2023 Market Insights September 2023: Home values are still holding strong with Average Sales prices at over $700,000 for our two zip codes. Additional home price gains are more challenging in the short term due to continued mortgage rate increases that limit prospective buyers’ purchasing power. The result is a continued decline in transaction volume in our current […]
Buying What Does DOM Mean in Real Estate? What Does DOM Mean in Real Estate? As you start searching for homes, you’ll likely come across different terms that describe the status of different listings. One term, “Days on Market” (DOM), can play a role in your strategy for making an offer. Knowing what this term means will help to inform your discussions with your […]
Buying Market Insights: August 2023 August 2023 Market Insights August 2023: Pending sales on homes during August in our two markets were both up year over year from 2022. We had 29 listings find a buyer on Camano Island and 34 in Stanwood, versus 25 and 31 respectively last year. Other key metrics for August activity showed year-over-year declines, including […]
Housing Trends What do I do after moving into a new home What do I do after moving into a new home? Nothing beats the feeling of buying a new home. You’ve worked hard with your agent to find the right home for you, you’ve worked with the seller to finalize the deal, and you’ve signed all the paperwork to transfer ownership. Congratulations! Everything has led to securing […]
Buying Market Insights: July 2023 July 2023 Market Insights July 2023: Economists are predicting that mortgage interest rates will adjust down over the next couple of quarters. Predictions are that we will see rates fall below 6% in the 2nd quarter of 2024. When this happens, the housing market will be poised to grow again. The hope is that many […]
Housing Trends Should I Sell My House Now? Should I Sell My House Now? The selling process is an emotional one. Fortunately, you’ll have an agent by your side from list to closing to help you take things one step at a time. A real estate agent’s expertise ranges far and wide, but as you prepare to sell your home, it helps to […]
Buying Market Insights: June 2023 June 2023 Market Insights June 2023: the Stanwood and Camano Island area markets have seen our highest volume of closed sales last month (61 homes) in over nine months when we saw 81 homes sold in August 2022. The result, our current active listings are down 17% for the same time period as last year, […]
Buying Turnkey vs. Fixer-Upper: Pros and Cons Turnkey vs. Fixer-Upper: Pros and Cons written by Sandy Dodge The beauty of real estate is that different properties satisfy different needs. Although single-family homes are great for putting down roots, that may not be your motivation for purchasing your next home. If you’re looking to buy a property with the intent of renting it, both turnkey […]
Buying Market Insights: May 2023 May 2023 Market Insights May 2023 in Stanwood and Camano Island, the current combined inventory is higher than it was at the same time last year, with a total of 105 active residential listings at the end of May 2023 as compared to 88 last May (a 19% year over year increase). Even with this, […]
Buying Market Insights: April 2023 April 2023 in Stanwood and Camano Island, the current combined inventory was slightly higher than the same time last year, with a total of 80 active residential listings at the end of April 2023 as compared to 75 last April. Despite this comparatively small increase in total active listings, our market activity for April shows […]