Luke Bartlett - Insignia - July 2018

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