INSIGNIA
2931 1st Ave. South, Suite A Seattle, WA. 98134 Each office independently owned and operated
Real Estate Market Report | July 2018
LUKE BARTLETT | BROKER 206.504.4396 Luke@MetropolistGroup.com www.InsigniaForSale.com
8
EASY STEPS
TO SELLING YOUR HOUSE
1. DISCUSS SELLING YOUR HOUSE 8. CONGRATS, YOUR HOUSE IS SOLD!
7. PREPARE ALL PAPERWORK
2. MEET WITH LUKE
Johnathan and Angela-Marie, If you’ve considered selling and would like to learn more about how my seller ’s guide will help you achieve your real estate goals call me today at 206.504.4396.
3. REVIEW MARKETING, PRICING & SALES STRATEGY
4. PREPARE YOUR HOUSE FOR THE SALE PROCESS
PREPARED ESPECIALLY FOR
SO
6. RECEIVE & NEGOTIATE OFFERS
Johnathan and Angela-Marie Williams
5. IMPLEMENT MARKETING
LD
M. Brandon Ehrlich, VP, Branch Manager Cell: 206-251-5019 | Office: 206-691-2929 NMLS ID#: 583001 brandon.ehrlich@homestreet.com | www.brandoneloans.com 1700 Westlake Avenue North, Suite 600 Seattle, WA 98109
Presented by
Luke Bartlett All loans subject to approval.
Your Insignia Real Estate Specialist & Neighbor www.InsigniaForSale.com
Client Testimonial
LUKE BARTLETT | BROKER 206.504.4396 Luke@MetropolistGroup.com www.InsigniaForSale.com
Luke is an exceptional agent, from consultation to listing; Luke instilled the confidence I needed as a seller! The staging of the home, photographs, and listing process were seamless thanks to the expertise of Luke. Not only did my home sell in 6 days, but at 12% over asking price. I encourage everyone to unlock the privilege of exceptional real estate service! - Kevin C.
Economic Data
Low Employment
Low inflation causes both wages and prices to rise and the cost of borrowing to get more expensive. Good news for the economy is often bad news for interest rates.
RATES GO UP
When investors put money into a stock market that’s doing well, money moves from bonds, causing prices to drop, which then pushes interest rates higher.
Stock Market on the Rise
Baths
Est. Sq. Ft.
List Price
List Date
1.00
940
$798,450
06/07/18
$849
1804S
1
1.00
792
$855,000
05/03/18
$1,080
607N
1
1.00
949
$875,000
04/25/18
$922
212N
2
1.75
1,148
$999,700
06/04/18
$871
2308S
2
1.75
923
$1,150,000
06/21/18
$1,246
2102
2
2.00
1,119
$1,200,000
06/20/18
$1,072
RATES GO DOWN
2303
2
2.00
1,156
$1,350,000
06/14/18
$1,168
Decrease in Jobs
3902S
2
1.75
1,254
$1,380,000
06/03/18
$1,100
1207S
2
1.75
1,523
$1,645,000
06/14/18
$1,080
3506S
2
1.75
1,523
$2,350,000
05/04/18
$1,543
Lower Consumer Prices
The Federal Open Market Committee meets eight times per year to determine the near-term direction of monetary policy. By controlling the flow of cash through the economy, the FED can try to regulate the chances of inflation.
RATES GO DOWN
Pulling Money Out of System
Adding Money to System
RATES GO UP
Geo-Politics / Global Events
Investors often turn to U.S. markets as a safe haven for investing during upheavals in world affairs. For example, the relative stability in our markets provides security for these investors which also creates a favorable environment for interest rates.
Stocks Decline
RATES GO UP
The Federal Reserve
RATES GO DOWN
China’s GDP Improves
Global Conflicts/ Acts of War
RATES GO UP
Rates won’t stay low forever. Contact Brandon Ehrlich at our Lake Union Home Loan Center today! HSB_13202_BEhrlich_LakeUnion_InsigniaNewsletterAd4thQ_7.3x5_V1_ALT3.indd 1
M. Brandon Ehrlich, VP, Branch Manager Cell: 206-251-5019 | Office: 206-691-2929 NMLS ID#: 583001 brandon.ehrlich@homestreet.com www.brandoneloans.com 1700 Westlake Avenue North, Suite 600 Seattle, WA 98109
+ Get the Most Accurate Assessment of Your Home’s Value
ACTIVE Insignia Tower Condos 1
RATES GO DOWN
Stock Market
If you want to keep up with your home’s value, contact me today at 206.504.4396 to receive your quarterly market snapshot.
Beds
RATES GO DOWN
High Consumer Price Index
Johnathan and Angela-Marie,
403N
RATES GO UP
Inflationary Pressure
Real Estate Market Report
Unit
What Factors Drive Interest Rates? The monthly Employment Report, released by the Bureau of Labor and Statistics, is an important economic indicator because it provides a look at the current economic situation. Rates reflect the relative strength or weakness of these factors on a day-to-day basis.
FOR ALL THINGS DOWNTOWN
INSIGNIA TOWER
10/11/17 5:55 PM
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All loans subject to approval.
Price/Sq.Foot
PENDING Insignia Tower Condos Unit
Beds
Baths
Est. Sq. Ft.
List Price
List Date
Price/Sq. Foot
2508
2
2.00
1,006
$1,150,000
06/08/18
$1,143
2401N
2
1.75
1,003
$1,180,000
06/01/18
$1,176
SOLD Insignia Tower Condos in the Last 180 Days Unit
Beds Baths Est. Sq. Ft. List Price
List Date
www.InsigniaForSale.com Receive the most accurate assessment of your home’s value, provided to you as a complimentary service by Luke, your Insignia real estate specialist. You will not be contacted with any other solicitation. Your home’s value will be based on several key factors: • Home sales in Insignia for the past six months • Square footage, condos, views, and location • Special features that set your home apart from others
Facts & Trends Number of Condos Sold Average Price/Sq. Foot 6
Sold Price Sold Date Price/Sq. Foot
1706
2
1.75
1,269
$1,375,000 05/03/18 $1,200,000 06/18/18
$946
3003N
2
2.00
1,476
$1,888,000 05/03/18 $1,888,000 06/11/18
$1,279
2801N
2
2.00
1,003
$1,119,950 02/27/18 $1,050,000 06/07/18
$1,047
3101S
2
1.75
930
$1,250,000 04/27/18 $1,200,000 06/04/18
$1,290
2401
2
1.75
1,003
$1,099,000 05/14/18 $1,100,000 05/25/18
$1,097
1802N
2
2.00
1,254
$1,250,000 03/01/18 $1,225,000 05/24/18
$977
815S
2
1.75
1,215
$1,050,000 04/12/18 $1,040,000 05/18/18
$856
411S
2
1.75
1,239
$1,010,000 03/22/18 $1,010,000 05/02/18
$815
3002S
2
1.75
1,254
$1,350,000 03/06/18 $1,325,000 04/27/18
$1,057
716
2
2.00
1,443
$1,339,000 01/01/18 $1,268,000 04/12/18
$879
701S
1
1.00
833
$875,000 03/09/18
$925,000
04/09/18
$1,110
606N
2
2.00
1,038
$899,000 02/22/18
$925,000
04/03/18
$891
710S
2
1.75
1,023
$999,000 02/22/18
$985,000
03/29/18
$963
2603S
2
2.00
1,156
$1,300,000 02/08/18 $1,290,000 03/28/18
$1,116
813S
2
1.75
1,596
$1,298,000 02/08/18 $1,298,000 03/27/18
$813
406
2
2.00
1,035
1407S
2
1.75
1,523
702N
1
1.00
836
3402S
2
1.75
1,254
1705
1
1.00
773
2003S
2
1.75
1,156
$900,000 02/07/18
$935,000
03/14/18
$1,625,000 01/16/18 $1,650,000 03/14/18 $799,000 02/01/18
$1,061
$1,350,000 01/11/18 $1,350,000 02/26/18
$1,077
$900,000
$984
MAR 18
4 $936
APR 18
MAY 18
TOP 5 COMPETITIVE PROPERTIES For the Last 3 Months PROPERTY
1521 Condos Cristalla Enso Escala Olive 8
ACTIVE
PENDING
SOLD
DOM
AVG. SOLD PRICE/SQ. FT.
4 6 3 7 3
0 1 0 2 1
3 5 2 8 6
26 11 20 36 38
$1,399.25 $933.51 $916.45 $820.44 $1,069.74
$903 $1,083
03/07/18
$799,000 01/08/18
$887,000
$990
4
02/23/18
$1,164
$1,290,000 01/02/18 $1,290,000 02/08/18
$1,116
Looking to move or upgrade? Before you list your home, let me show you what’s available and let’s find your dream home. Call me today at 206.504.4396.
Luke Bartlett and Metropolist are not in any way affiliated with the Insignia Home Owners Association, nor is this in any way an official advertisement or publication of Insignia. ©2018 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Association of Realtors® (AOR) and NWMLS as well as property builders by location from December 21st, 2017 through June 21st, 2018. Listings and sales may not be those of Metropolist. The NWMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | ©2018