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Jul
02
Posted by James Lupori
Those of you who have been reading my blog know that I’m a Realtor with Keller Williams North Seattle. I’m also a partner in a real estate marketing company called the ROCS Alliance. We have been creating a comprehensive program that real estate agents, from any company can utilize. These include computer/IT solutions; premium marketing materials for their clients; and ultimately provide systems that help agents develop successful businesses no matter what challenges the marketplace throws our way. The very blog you’re reading is just one of the most important tools the ROCS Alliance offers. ROCS agents want to be positioned as wealth determiners for our clients and drive them to the resources that make them successful.
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Jun
22
Posted by James Lupori
Let me show you how looking a little more deeply into statistics can help you understand how a local market works. Below are the current numbers for Kenmore. Not much has changed since my last statistical post on June 13:
The good news here is that six homes have sold in the last 10 days. In the last three months the 51 homes sold are from most price categories. A surprising number of homes over $500K have sold. Now I’d like to take this analysis one step further. One of the most important ratios to consider in the market is the sale price vs. listing price ratio. This number is important as it can reveal if home prices are holding up or softening. So let’s turn our attention to the six most recent home sales:
Realtors utilize this sort of summary report to analyze a great many facts about various markets. Let me tell you what I see in this report: 1) Most of the sold homes are fairly pricey at over $500k, 2) Most of the homes have nice-sized yards at around 10,000 sqft, 3) These are all relatively large homes at an average of 2742 square feet. It’s interesting that the two older homes are under 2000 sqft, 4) Homes are taking quite a while to sell with an average days-on-market of 195; however, the most critical statistic in this report and one that should make a potential buyer take notice: THE AVERAGE SALE PRICE/LIST PRICE RATIO IS NOT 94.71% AS SUGGESTED IN THE REPORT. If you take a careful look at the ORIGINAL PRICE vs. the Sale Price, you’ll note quite a difference. The percentages are respectively: 95.7%, 91.8%, 87%, 86%, 85.5% and 93.7% meaning the Sale Price/List Price ratio is more like 90% for homes in Kenmore.
Buyers in the current market are in an excellent position to negotiate a good deal for a home.
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May
02
Posted by James Lupori
Trail Construction at Bothell Way & 73rd Ave. NE
Originally uploaded by kenmoreundressed
Anyone who travels along Bothell Way (SR 522) is aware of the major construction going on with the Burke Gilman Trail.
