the
OCTOBER 2016
Volume 7 | Issue 10
EYE ON THE
market
The most recent Northwest MLS statistics show an area-wide 12.2 percent increase in sales for the month of August as compared to the same time period last year. Single-family homes in King and Snohomish counties experienced closed sales increases in August of 8.31 percent and 6.75 percent respectively, compared to August of last year, while in Pierce County, NWMLS data shows an impressive 17.44 percent increase in closed sales as buyers look to the south for affordability in this competitive market. The Federal Reserve has hinted at a rate hike in the near future, but recent jobs reports and national economic indicators have continued to delay any significant movement. Locally, our economy is
pumpkin
LOCAL performing well. and buyers are positioned nicely as interest rates remain at historical lows. Any increase in interest rates may affect some buyers, but there are many high-wage earners who are able to absorb a rate increase and continue their home search. So while an increase in interest rates may cause some buyers to take a break, there are others ready to take their place. The market is moving quickly for properly priced homes, and sellers will find it’s a great time to list their home. Due to continuing low inventory levels, listings in good condition are likely to receive plenty of attention in the coming weeks. Buyers may find a slight decrease in competition for the available homes on the market as we get deeper into the fall season. All parties are expected to be eager to get the transaction completed before the holidays arrive and inclement weather sets in. In general, fall is a great time to both buy and sell a home. Enjoy the season!
PATCHES AROUND THE SOUND
1 Downtown Art & Wine Walk in Puyallup puyallupmainstreet.com 1-2 Northwest Tea Festival in Seattle nwteafestival.com 1-2 Salmon Days Festival in Issaquah salmondays.org 6 Woodland Park Brew at the Zoo zoo.org 7-9 Oktoberfest Northwest in Puyallup | oktoberfestnw.com Oct 7 - Earshot Jazz Festival in Seattle Nov 11 earshot.org
8 Orting Pumpkin Fest tacomaevents.com
8-9 Sammamish Arts Fair sammamishartsfair.wordpress.com 9 Seattle Children’s Festival nwfolklife.org
Support your local farms this fall! KING COUNTY Baxter Barn 31929 SE 44th St, Fall City baxterbarn.org/pumpkins.html Carpinito Brothers 1148 Central Ave N, Kent | carpinito.com
happenings
9-13 & Seattle Restaurant Week 16-20 srw.seattletimes.com
15-16 Zoo Boo at Point Defiance Zoo pdza.org
Fox Hollow Family Farm 12123 Issaquah Hobart Rd SE, Issaquah foxhollowfamilyfarm.com Jubilee Biodynamic Farm 229 W Snoqualmie River Rd NE, Carnation jubileefarm.org/harvestfestival
Serres Farm 20306 NE 50th St, Redmond serresfarm.com Thomasson Family Farm 38223 236th Ave SE, Enumclaw thomassonfarm.com PIERCE COUNTY
Remlinger Farms 32610 NE 32nd St, Carnation remlingerfarms.com
Double R Farms 5820 44th St E, Puyallup double-r-farms.net/pumpkin_patch.htm (continued)
28-29 Snohomish Brewfest snohobrewfest.com 29 Redmond Thrill the World Dance thrilltheworld.org 29-30 Pumpkin Bash & Trick-orTreating at Woodland Park Zoo zoo.org 30 The Great Pumpkin Glow in Snohomish cravenfarm.com 31 Troll-o-ween in Fremont fremontartscouncil.org