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'…
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".
By Rolf Boone
Tacoma News Tribune
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
Pretty much the best day ever on Tuesday. I was lucky enough to be invited by a friend to attend a special "Media Preview Day" for the 2015 US Open Golf Championship at Chambers Bay Golf Course. The event was hosted by the USGA with all the local tournament directors and national media representatives. We started the morning with a continental breakfast and an informational presentation by Danny Sink who is the US Open Tournament Director here at Chambers Bay.
After the presentation we all headed out to the course for a guided tour. We hit six or seven points on the course to learn about changes being made, special viewing locations, and inside information about how tournament preperations are coming along. One of the highlights was seeing the US Open Tournament Trophy being placed throughout the course for photo opportunities. Well, I though that was the highlight until what happened after lunch.
From the tour we headed up for a finishing presentation and a very nice lunch in the tent overlooking the Golf Course and the beautiful Puget Sound and Olympic Mountains. At lunch we were told to hang out for a special surprise on it's way. That surprise turned out to be the real Super Bowl Trophy from the recent Seattle Seahawks victory in Super Bowl 48! Wow! Now we're talking…How cool is this? I was lucky enough to attend the Super Bowl and I've seen pictures of some of my friends holding the trophy but I haven't yet been able to be in it's presence. It's cooler than I thought it would be.
An old buddy of mine from my time working for the team Lane Gammel of the Seahawks Media Department was the "Lombardi Keeper". He was pretty good at his job. We followed the thing all over the course for photo ops w/ the maintenance staff, the USGA guys, and most of the media there. One thing stayed consistent….Nobody touched the trophy. I got a few great shots with both trophies but the one I wanted hadn't happened. I had to have it in my hands! Like I said earlier, I'd seen too many of my friends in position to hold it. I had to make it happen.
So, cut to the finish. The day was coming to and end and we headed up to the Clubhouse. When most people moved along I nicely asked my old friend if I could "hold the trophy". He said I could and showed me where to touch it so my grubby hands didn't mess it up. I grabbed it and perched it up and had another friend take what will no be my favorite picture ever!
It was a great day out at Chambers Bay. I was able to connect with some old friends and make some new ones. I had opportunity to talk about chambersbayhousing.com and what we are doing with private home rentals for the tournament. Special thanks to Chris Johnson for the invite. I'll be your caddy any day. Also, a big thanks to Lane Gammel…Thanks for allowing me the chance to hold that iconic trophy… Wow!
Pretty cool article in today's Tacoma News Tribune referencing our recently launched 2015 US Open Housing Website www.ChambersBayHousing.com. It was nice to see my comments were in context and there wasn't much in need of correction. That isn't always the case, so seeing it in place was refreshing. If you haven't seen the article it's linked HERE.
If you want to see the actual 2015 US Open at Chambers Bay House rental webpage we've setup click HERE. As always, feel free to call me direct if you have questions or just want to talk golf, sports, local news, etc. I'm not one to shy away from a phone call. 253-988-3120 is my number.
Thanks for taking time to read this.
Michael Jordan's house outside Chicago is up for auction later this month and you just have to see this video tour! There aren't many things I would change about this place. It's spectacular in every sense of the word. Does anybody out there have an extra twenty or so million dollars to blow? If so, I'll happily set you up with the auctioneers. If you get the place, I promise to visit often. It's OK, the place is huge. You won't even know I'm there.
Take a look….What do you think?
For more information, Here's a link to the home's website: Air Jordan's House
Are you a Pierce County luxury homeowner? If not, would you like to be? If you're thinking about buying or selling we should talk. My team and I have ability to replicate and expand upon some of the innovative marketing techniques used for homes like this Jordan estate. I've participated in almost half the sales over $1M in University Place since 2011. With the US Open at Chambers Bay on the way, University Place is on the verge of major exposure and high desirability. I'm ready and willing to help you make the most of the high end real estate market here in the Tacoma, Gig Harbor, University Place, and Steilacoom areas.
Fall is upon us! Soon the leaves will be falling and the days will be shorter. The change of the seasons is always a good time to go over some home maintenance items that may need attention. Checklists are my favorite way to stay on top of these potential problems. Hopefully there are some things listed here that will be helpful to you.
– Inspect your furnace or heat pump to ensure that it can achieve maximum efficiency
– Check to make sure your thermostat works properly
– Schedule to have your chimney serviced and cleaned
– Clean your gutters and downspouts throughout the season
– Repair and window cracks or holes in weather stripping or caulking.
– Check your crawlspace for flooding after the first long rainfall
– Make sure you have new batteries in all flashlights and you have a specific place to keep them.
– Have your lawn irrigation system professionally drained and winterized
– Make sure your attic and crawlspaces have adequate insulation
– Clean out your bathroom fan
– Test all smoke and carbon monoxide detectors
– Make sure you have at least one fire extinguisher on each floor of the house and in the garage
– Make a fire escape plan for your house and take time to review it with all family members
– Disconnect garden hoses and drain water still in faucets
Paying attention to these items will help prevent costly and/or emergency repairs and will allow you piece of mind as the weather changes.
Steve Sloboda is a Managing Broker & Premier Associate with Windermere Real Estate in University Place, WA.
University Place, WA, June 27, 2013:
Steve Sloboda of Windermere Real Estate – Professional Partners in University Place has closed University Place's first million dollar listing of 2013. Only the fifth residential property in University Place city limits to sell for more than a million dollars since 2008, this magnificent home located in the gated neighborhood of Augusta lasted only five days on the market.
"Homes like this with a rare combination of size, location, and elegance don't often become available" said Steve Sloboda. "In a real estate market like we're currently experiencing, even luxury homes can sell fast if they're priced right and marketed correctly."
The residence checks in at 5822 square feet with five bedrooms and five bathrooms. It's situated on a 1.5 acre lot above Chambers Creek. Features include a temperature controlled wine cellar, a master suite with separate sauna, a billiards room, and a commercial quality HVAC system. The new owners, also represented by Windermere, are already residents of University Place.
- Steve Sloboda is an award winning Residential Real Estate Broker with Windermere Real Estate – Professional Partners in University Place. He was voted "Best Real Estate Agent" by readers of South Sound Magazine and is one of only two Windermere Premier Associate Agents in Pierce County. The Windermere Premier Program is specialized to luxury homes priced $700,000 or higher.
- University Place is located in Pierce County, Washington. It's home to beautiful parks, highly rated schools, wonderful views, and Chambers Bay Golf Course – Host of the 2015 US Open Golf Tournament.
Steve Sloboda Windermere Real Estate – Professional Partners
2700 Bridgeport Way West, Suite F University Place, WA 98466
Sometimes we hear stories about people doing amazing things and it gets us a little inspired. Sometimes we hear stories about people overcoming obstacles or beating the odds and that gets us a little inspired. And sometimes, you get placed in the presence of people that are doing those amazing things while overcoming those obstacles, and without any thought of not being just "what they do". It's being in the presence of those people where you can be inspired to your inner core! That's how my family and I feel about the Vukich Family, and more specifically, Mr. Cole Vukich!
We were lucky to meet the Vukich family through the University Place youth sports program when Cole and his twin brother Case were placed on the Tee-Ball team I coached the spring before the kids started school together. I'd heard about Cole and the cancer fight he'd been dealing with since the age of two. His story had struck a chord with me because I'd lost my Dad to a similar type of cancer in 1994. Knowing what my Dad went through in the last years of his life made Cole's story as a kid even more amazing.
The first day of practice I went out there knowing Cole was on the team but we'd yet had opportunity to meet. I scanned the group of typical rambuncious four year olds in front of me looking for the "kid with cancer" but couldn't find him. "Is he here?" I thought as I asked the kids to tell me their names. As we went down the list I heard this rather outgoing little guy say "Cole" when asked his name. I thought no way is this the kid I'd heard about but sure enough, that kiddo, different from nobody standing there, was him. It was then that I realized I was in the presence of something a little different.
If you didn't know already, you flat out couldn't walk up to my team and pick out the "kid with cancer". You know why? It's because we don't have a kid with cancer. We have Cole, and he just happens to be the kid kicking Leukemia's butt! That surely doesn't define him though. He's as crazy, or crazier than any kid I know. He's as happy, or happier than any kid I know. And he's just as athletic as any kid I know. Hearing about what he deals with on a daily basis no doubt makes him "the toughest kid I know". I tell him all the time he's the toughest kid I know, and the smile he gives back is enough to inspire me like nothing I've ever been around.
The stories over the last couple years are pretty awesome and the stories yet to come are sure to be even better. The next time we cross paths just ask and I'll share a couple with you. In the meantime, take a look at this article from the Tacoma News Tribune's front page. It talks about his Dad doing the Firefighter's Stair Climb to raise money for the Leukemia/Lymphoma Society. That's a great event and I highly recommend you donate to the cause. However, the real story here is one of inspiration and how one kid's blind toughness can inspire others to do everything they can to be their best all the time. Thanks Cole Vukich, and the Vukich family. It's a true honor to have your presence in our lives.
Click here for the News Tribune article: http://goo.gl/0We1d
Click here to donate to the Firefighter's Stair Climb event: http://goo.gl/27q09
Kirkland, WA, January 17, 2013 – Members of Northwest Multiple Listing Service tallied 64,624 closed sales of single family homes and condominiums during 2012, improving on 2011’s volume by 8,332 transaction for a gain of nearly 15 percent.
Last year’s completed sales included 55,699 single family homes and 8,925 condominiums. Together, these sales were valued at more than $19.9 billion, which compares to the previous year’s total of around $16.7 billion (up nearly 19.6 percent).
Median prices area-wide increased by $10,000 (about 4.3 percent), rising from $235,000 to $245,000, although not all areas reported gains. Mason, Snohomish and King counties reported the healthiest jumps.
Prices on single family homes rose, while condo prices fell. The median price for single family homes that sold last year was $255,000 across the 21 counties, improving on the previous year by 8.5 percent. King County claimed the highest median prices for single family homes ($365,000), while the most affordably priced homes – based on 2012 median prices – were located in Pacific County ($111,000).
Condo prices declined about 2.7 percent, with the area-wide median price falling from $180,000 in 2011 to $175,200 for last year’s sales.
Inventory also shrunk from 2011 levels year as a result of stronger sales and fewer new listings. Over the course of the year, brokers added 10,071 fewer new listings to the Northwest MLS database when compared to 2011 for a drop of 9.9 percent.
In its annual statistical summary report for its 20,000-plus brokers, the multiple listing service examined various indicators of activity. Among the findings:
- Single family homes accounted for about 86 percent of the sales volume as measured by units, and nearly 90 percent of the dollar volume.
- About 40 percent of last year’s sales were for homes in King County.
- About half the homes that sold last year (48.8 percent) had 3 bedrooms, while more than three-fourths of condos (77 percent) had 2 or fewer bedrooms.
- Last year’s sales included 7,710 newly built single family homes and 930 newly built condominiums. Of this new construction component, new condos fetched a higher price ($331,888) than newly built single family homes, which had a median sales price of $299,950.
- Northwest MLS brokers reported 1,254 sales with prices of $1 million or more, including 1,116 single family homes and 138 condominiums. More than half the top-end homes were located in Eastside communities, including Bellevue, Kirkland, Mercer Island and Sammamish.
- The highest priced single family home in the MLS system that sold last year was on Mercer Island (with a selling price of $21.625 million), while the most expensive condo ($4.25 million) was a penthouse in a downtown Seattle high-rise.
- Northwest MLS members reported 93,778 pending sales (mutually accepted offers) during 2012. That marked an increase of about 15.6 percent from 2011 when members logged 81,109 pending sales. (Note: Not all pending sales become closed transactions. Failed home inspections, mortgage loan rejections, low appraisals and contract contingencies are among many factors that cause transactions to be cancelled.)
- The pace of sales as measured by “months supply” (an estimate of how long it would take for all inventory of active listings to sell at the current pace assuming no new inventory is added) showed a system-wide total of 3.15 months, which compares to a figure of 5.02 months for 2011. Based on this barometer, both King and Snohomish counties averaged less than two months of supply during 2012. (Analysts consider a supply of 3-to-6 months to be a balanced market, meaning the market favors neither buyers nor sellers.)
Northwest Multiple Listing Service, owned by its member real estate firms, is the largest full-service MLS in the Northwest. Its membership includes more than 20,000 real estate brokers. The organization, based in Kirkland, Wash., currently serves 21 counties in Washington state.
Are you still with me? If so, Here's the complete report……All 37 pages of it. Read and enjoy! As always, I'm here if you'd like some of this information broken down into details. Don't hesitate to drop me a line….
Here are the schedules for our favorite football teams… Get 'em on your calendar…Football season is HERE!!!
Here's an interesting news piece from a recent Philadelphia newscast. It talks about how people are getting ready for the US Open Golf Tournament that will be in their area at Merion Golf Club in 2013. Specifically it focuses on people renting their homes out for the weeks leading up to and after the tournament.
As you probably know, University Place, Tacoma, and Pierce County will be hosting the event at Chambers Bay Golf Course in June of 2015. This will mark the first time our area will host an event like this. In fact, this is the first time ever the US Open has been awarded to a Northwest course.
The US Open will bring lots of people to the area and with that comes opportunity. Opportunity to show off the area we love so much, opportunity to shine in the areas of transportation and logistics, and opportunity for local people to earn some extra money by leasing their homes during the event.
To learn more, take a look at the "US Open" tab on stevesloboda.com. Please feel free to email or call me direct should you want more information. I'm currently taking names and addresses of interested homeowners looking to join the list. I'll be working closely with national firms, travel providers, local venues, and official tournament organizers to deliver housing that can fit all the various needs they'll have. Corporate clients, media members, players with their families, and visiting golf enthusiasts will all need places to stay. Most people want to be nearby but unfortunately, University Place has exactly ZERO hotel rooms. Sure, Tacoma, Lakewood, Seattle, and surrounding areas will have hotel rooms for rent but close to Chambers Bay is where people will want to be.
There will be leasing opportunities that come up way before, and for many years after the US Open as well. Chambers Bay is one of the only public courses to ever host this event. That means it's one of the few prestigious US Open courses that anyone can play. People will come from near and far to play the course where Tiger, Phil, Bubba, and Ernie are going to battle for the US Open Championship.
Think about it…Would you pay $100 to play football with some friends in a stadium about to host the Super Bowl? Would it be worth a few bucks to shoot hoops on the court before the NCAA Final Four? Well, here at Chambers Bay, people will have the chance to play on the same course where it will all go down in 2015! Pretty exciting if you ask me…
Take a look at this link to see how other areas are gearing up for the US Open in the years before it arrives here in University Place.