I Enjoy Receiving Nice Zillow Reviews

I don't often endorse Zillow, but when I do, it's usually because I've just received another stellar cliet review.

See My Zillow Profile Page Here

When it comes to getting great agent reviews, Zillow is kinda awesome.

Posted on December 4, 2015 at 10:54 am
Steve Sloboda | Category: Real Estate News, Recognition, Shameless Self Promotion, Technology, University Place | Tagged , , , , , , , ,

The South Puget Sound Real Estate Market is Staying Hot!

 

The last four residential units I've marketed for sale have all received MULTIPLE OFFERS.  Two of them received MORE THAN 10 OFFERS!  On the flipside, I just helped investor clients of mine acquire an MLS listed home in Tacoma under $200K that bank appraised before closing for $50K higher than what they paid.

 

Yes, you read that right… I know, it sounds crazy but the article below from The Tacoma News Tribune illustrates what's currently going on in this real estate market.   

 

"Hold on, Steve… How are you able to work both sides like that, in what everyone says is such a super hot Seller's market?" I'm glad you asked because the answer is simple. Being a solid Real Estate Broker and pulling off ridiculous sh*t for my clients is what I do…It's a lifestyle, it's not a "gig" or even a "job"… I do this full time, and I've been doing it for almost 14 years through all time great markets & all time bad markets.

 

Lots of rookies, retirees, and job hoppers run to real estate when the newspaper says it's hot.  With a few exceptions, those same people run out of the industry at the first sign of adversity.  In fact, your 2nd Cousin, your favorite neighbor's friend, or a long lost buddy of yours from high school might have just got licensed.  I'm sure you got the cheesy postcard.  Just sayin'…   

OK…Rant over…  Let's talk about noteworthy news and trends in the local market.
 

Seattle has been named by more than a few publications as one of America's hottest real estate markets.  It's up there with San Francisco and New York when it comes to relocating home buyers.  Because the Seattle market has become so tight, real estate in the South Puget Sound area has experienced a noticeable amount of "overflow".

Pierce County & Thurston County have always been more affordable than King County, and they probably always will be.  However, high tech expansion, large corporate movement, big new retail outlets, consistent military activity, and huge national events like the 2015 US Open at Chambers Bay have made the area much more front of mind when people are considering places to live in the Puget Sound region.
 

 

Even with all that, as this year comes to an end, good deals will show themselves. Long time listed and/or overpriced homes will start to come down into a more realistic range. With that, Seller's will seriously consider offers they at first would have thought were "lowball" so they can get out of their places before January, when everyone knows a large amount of new homes for sale will hit the market "fresh".

 

 

So, if you're thinking of selling next year, it could be in your best interest to do something now before those lingering homes for sale start to drop their high prices and a glut of new listings hits the market after the holidays.  I think the amount of offers my clients have received demonstrates that well priced and thoughtfully marketed homes can sell quickly, and for more than list price if handled correctly from the beginning.
 

 

Also, if you're in the market to buy or invest and you're feeling reluctant or nervous about jumping in right now, I suggest calling me to discuss a strategy to take advantage of what might be "lingering" out there.  Or, for that matter, what might be coming up soon. 
 

 

My Windermere firm does more deals than any competing office in this area.  If there's a good option coming to market soon, the odds are good that I'll know about it before the sign goes up.  That's even more true if I know specifically what you're looking for.  I've helped more than a few clients buy homes that worked for them but NEVER saw the open market. 
 

 

Relationships and reputation go a long way in this industry.  They're even more valuable in markets like this.  I'm sure that long lost high school buddy on the postcard will figure that out soon enough.  I just hope you're not the one missing opportunities because they haven't yet…          

 

By Rolf Boone
Tacoma News Tribune
11/5/2015
 

The South Sound housing market roared all summer and now fall is shaping up to be pretty good, too, according to Northwest Multiple Listing Service data released Thursday.

That’s because the data showed a surprisingly strong October, particularly in Thurston County where sales of single-family residences shot up 36 percent from the same month a year ago.

Sales results weren’t that strong in Pierce County last month — sales rose nearly 6 percent in the past year — but the county still sold more than 1,100 single-family residences.

One-thousand or more single-family residences have sold every month in Pierce County since April, the data show.

Although Pierce County didn’t experience a double-digit increase in sales, the picture was brighter for median price, which rose 10.5 percent in the past year. In Thurston County, the median price rose 8.3 percent over the same period, the data show.

Bottom line: It remains a seller’s market.

“It’s a very good time to sell,” said Ken Anderson, managing broker and owner of Coldwell Banker Evergreen Olympic Realty, in a statement. “Owners who are eager to make the next move don’t have to wait six months or until spring to act.”

But prospective buyers, it appears, will still be forced to act quickly because inventory levels also remain low.

Pierce County months of inventory — the number of months it would take to exhaust the current supply of single-family residences for sale — was 2.44 months in October. In Thurston County, it was 2.55 months, the data show.

Six months of inventory is considered a balanced market for buyers and sellers.

In King County, meanwhile, months of inventory was 1.33 months and the median price, $480,000, up 7.3 percent in the past year, the data show.

A closer look at the South Sound single-family residence data:

▪ Pierce County: Sales rose 5.7 percent to 1,126 units from 1,065 units in October 2014. Median price rose 10.5 percent to $255,250 from $231,000 over the same period. Pending sales rose 15 percent to 1,465 units from 1,275 units.

▪ Thurston County: Sales rose 36 percent to 398 units from 292 units in October 2014. Median price rose 8.3 percent to $249,000 from $229,925. Pending sales rose 3.3 percent to 436 units from 422 units.

Read more here: LINK TO ARTICLE

Posted on November 6, 2015 at 3:32 pm
Steve Sloboda | Category: Chambers Bay, Randomness, Real Estate News, Shameless Self Promotion, Suggestions, Technology, Tips, University Place, US Open Golf | Tagged , , , , , , ,

New 3-D Home Walkthrough Technology is Pretty Sweet!

In the world of real estate marketing, new technology seems to come out every week and frankly, it can get a little overwhelming.  I tend to let the fads show themselves before jumping 100% on board.  However, in the case of this new 3D walkthrough technology, I'm all over it from the start.

You can tour a property like you're walking through it similar to Google Street View.  Take a look at downstairs then upstairs, and then take a look upstairs again.  Take a look at the floorplan….Then take a look like it's a dollhouse.  All those options are there for the viewer. 

It really is a remarkable tool that could change the way pictures are used for real estate listings.  Take a look at my latest version here.  Walk through the house and let me know what you think.  I love to talk about the latest and greatest technology tools.

 

 

Posted on March 30, 2015 at 3:47 pm
Steve Sloboda | Category: Real Estate News, Technology, Videos | Tagged , , , , , ,