Eastside & Seattle Real Estate and Community News

May 6, 2020

Q: How Did Our Market Fare in March?

Our real estate market remains strong as we continue to do business despite the current situation. Here’s what you need to know.

 

The Eastside market experienced a higher number of sales in March compared to February. Why? The economic conditions in our community, powered by the establishment of mid- to large-sized corporations in the tech industry, are causing job instability.  

 

The demand from homebuyers is relentless due to a spike in salaries and bonus packages from employers, creating confidence in consumption. Multiple-offer scenarios in desirable communities are now more commonplace.

 

The market is steady and healthy for the time being.

 

Our average sale price increased by over $3,000 in March. The largest rise was in the resale market. Resale inventory started to fall in the last quarter of 2019. The listing discounts and days on market decreased sharply. 

 

The three most important things you need to know are:

1. The market is stronger in the $875,000 range

2. The market is steady and healthy for the time being.

3. The $575,000 to $995,000 range is what’s selling best

The number of condo and townhome sales increased in the last month. There was less negotiability and less time on the market. Average condo prices remain steady.

 

New development inventory rose as resale inventory slipped in the $1.5 M and higher segment.

The number of sold units decreased. There was a decrease in negotiability as buyers got more in line with market competitiveness.

 

What can we expect moving forward? Indicators such as an increased volume in sales show the market is steady and healthy for the time being.

 

If you have any questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you.

May 6, 2020

Our Market’s Numbers for February 2020

The real estate numbers for February 2020 showed strong demand and even stronger sales numbers. Here’s a quick look at the important stats.

Our sales were up in February due to employment growth in the tech industry. This is causing families to be less willing to relocate and more willing to call Seattle home for years to come. There has been a lot of pent-up demand leading up to spring and the largest rise in sales was in the resale market. Our market remains strongest in the $800,000 range. To learn more about what’s going on, watch the short video above.

May 1, 2020

Q: What’s Restricting Your Progress?

Could you be the right fit for our team? Find out here.

I began my career back in 2005, and like many real estate agents, I wanted the freedom of an entrepreneur: the ability to be my own boss and schedule my own hours. Little did I know that the very things that got me into the business were what almost wiped me out of the industry in my third year. I did a 180-degree turn, learned a positive mindset, and discovered systems that helped me be consistent with my income and hone my selling skills. Within one year of implementing these things, I hit $420,000 of GCI (Gross Commission Income) and never looked back.

 There’s no greater thing than the right leadership and partnership to take your business to where you want it to be.

For a highly competitive person, there’s no greater thing than the right leadership and partnership to take your business to where you want it to be. The better we are at bringing value to our agents, the higher the financial reward they achieve. We are a real estate brokerage of top performing agents in downtown Bellevue. We’re obsessed with our clients’ home buying and selling experience.

How high do you want to fly? What beliefs or lack of systems are restricting your progress? It could be sales or negotiation skills, organizational systems, mentorship, team building, accountability, leveraging technology or people, or increasing your yearly net.

If you’re satisfied with where you are right now, we’re delighted with your example! However, if you feel a change is needed, I’d like to have a conversation with you and assess how we can contribute to your vision and business goals.

Please feel free to text me at (425) 420-5256 or email me at adriano@remaxmontwa.com if you want to speak with me or have any questions. Let’s talk soon!

Posted in Career Advice
March 23, 2020

Answering Common Real Estate Questions Amid the Pandemic

 

I’m reaching out to the community to share an extremely important message regarding how the real estate market is trending in the Eastside and Seattle areas in response to the COVID-19 pandemic. Many of those looking to buy and sell have reached out to us for answers to their major concerns. Today I’ll answer a few of the most common questions that we’ve been receiving, including ones like, “Will my home still sell if I need to move during the coronavirus pandemic?”

Posted in Community News
Jan. 27, 2020

Sammamish Real Estate Weekly Market Update- Jan 27, 2020

 

Sammamish  REAL ESTATE WEEKLY MARKET UPDATE- JAN 27, 2020

 

Here's our weekly update for the Sammamish Real Estate Market. Individual neighborhoods may vary based on changes in the market. Please contact us for a report on a local area if you are thinking of buying or selling. 

 

Sammamish Real Estate Market: 

Average Listing Price in Bellevue: $1,179,867

Price Per Sqft in Bellevue: $363

This area has 62 homes for sale

Nearby neighborhoods:

City Center Average Single Family Home Listing: $840,857

Sahalee Average Single Family Home Listing: $675,000

Redmond Fall City Average Single Family Home Listing: $990,010

Inglewood Hill Average Home Listing: $ 1,373,975

Pine Lake Average Single Family Home Listing: $1,045,857

Klanahie Average Single Family Home Listing: $1,022,114

Central Sammamish Average Single Family Home Listing: $1,092,333

SE Redmond Fall City Average Single Family Home Listing: $1,447,169

Beaver Lake Drive Average Single Family Home Listing: $1,372,495

 

 

 

Give us a call at (425) 420-5256 if you'd like more information on your neighborhood, your home's value, or to receive automatic emails when new listings go live in your neighborhood.

 

 

© RexMont- We Treat our Clients like our Own Family!

Jan. 17, 2020

Bellevue Real Estate Weekly Market Update- Jan 17, 2020

Jan. 12, 2020

BELLEVUE REAL ESTATE WEEKLY MARKET UPDATE- JAN 17, 2020

 


Here's our weekly update for the Bellevue Real Estate Market. These stats cover Central, Northeast, Northwest and West Bellevue. Individual cities and neighborhoods may vary based on changed in the market. Please contact

us for a report on a local area if you are thinking of buying or selling. 

 

Bellevue Real Estate Market: 

Average Listing Price in Bellevue: $1,157,500
Price Per Sqft in Bellevue: $461
This area has 91 homes for sale

Nearby neighborhoods:

Newport Average Single Family Home Listing: $1,210,853

Factoria Average Single Family Home Listing: $1,471,550

Somerset Average Single Family Home Listing: $1,176,250

West Lake Sammamish Average Home Listing: $ 1,443,839

Cougar Mountain Average Single Family Home Listing: $950,000

Northeast Bellevue Average Single Family Home Listing: $938,150


Give us a call at (425) 420-5256 if you'd like more information on your neighborhood, your home's value, or to receive automatic emails when new listings go live in your neighborhood.

 

© RexMont- We Treat our Clients like our Own Family!

Jan. 12, 2020

Bellevue Real Estate Weekly Market Update- Jan 12, 2020

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Jan. 3, 2020

November Market Report 2019

Here's a quick and reliable market report from the month of November, 2019.

 

Jan. 3, 2020

October 2019 Market Report

 Here's a quick and reliable market report from the month of October, 2019. 

Dec. 29, 2019

3 Quick Tips to Prepare your Home For SALE

Not enough room. Too much room. Retired. Divorced. Moving. Living in an unsafe neighborhood. Ready for change. These may be a few reasons to SELL your home. 

 

2020 is TWO days away! As the new year approaches, you probably have goals and dreams that need to be accomplished. One of your goals may be to sell a house, however, we know it’s not as easy as it sounds. That’s why we’re here to help!

 

3 Quick Tips to Better Prepare your Home for SALE

 

1. DECLUTTER! Decluttering your home will not only make it easier for you when moving out, it’ll make it more appealing for potential buyers who are interested in your home. 

 

Western Washingtonians spend an average total of 2.5 days a year looking for misplaced stuff. That's nearly 60 hours we lose each year, searching for things! We know you’re busy, we all are so take it a day at a time. Get rid of clothes or items you haven’t used in months! Recycle or donate your items. If you have valuables that you haven’t used in months but want to make some cash, sell it on Facebook Marketplace or OfferUp. Do whatever you can to free up your space.

Decluttering will not only save you a lot of time in the long run, a clean, organized house can also benefit the sale since having less stuff in your house will make it look bigger. 

 

2. REPAIR!

There are always small things you can do to maintain your home to keep it fresh. 

 The following are a few things you can do yourself:

  • Buy and change a broken or missing cabinet handle
  • Add felt pad bumpers on the bottom of your chairs so they don’t scratch your hardwood floors 
  • Repair a cracked or broken light switch wall plate 
  • Remove a ceiling stain with Hide tough ceiling water stains with a spray-on product called Upshot by KILZ
  • To avoid cold air from coming into your home, buy rubber foam weatherstripping. Click here for easy tips on how to seal leaky doors and window sills (scroll to the middle of the page).

For bigger renovation projects such as replacing a door or a broken heating system, hire a professional.

 

 

3. PAINT & POLISH!

Walls: Color impacts emotion and behavior. Psychological research on the effect of color shows that more people prefer white or beige walls. A fresh coat of neutral paint on every wall is deal for attracting a buyer. A fresh coat of paint will also fix up marks or scuffs on your walls.

 

Baseboards and Vents: Dust on baseboards and bathroom vents accumulates quickly. You can use a baseboard mop, a duster or a vacuum cleaner to remove dust and to keep your baseboards and vents clean and shiny.

 

Check out RexMont Real Estate for a reliable home evaluation or insight into some of the most competitive lenders. Whatever the circumstances are, feel free to let us know how we can assist. 

We have a large network of contractors who are reliable and willing to exceed your expectations, competitive on pricing, and will back up their work 100%.

 

Posted in Buying a Home