I’ve lived in the Seattle area my entire life and now call South King County, Washington home. I live in the Kent-Covington area with my family, but the entire South King County is a wonderful place for first time homebuyers, couples, families, individuals and retirees. In addition to the natural beauty of the area, you’ll find that South King County is more affordable than many Eastside and Seattle area neighborhoods.
For those new to the area, I’ve created a guide of each of the major cities in South County King. Please take a look and, if you’d like to see homes for sale in any of these towns – Kent, Auburn, Black Diamond, Covington, Federal Way, Maple Valley or Renton – or the greater Seattle and Puget Sound area, I am here to help. Just contact my team – Team Marti – to set up a guided tour of the area. I’d love to show you around!
“Marti is absolutely an amazing business woman! My house closed for a very fair price within 6 weeks of listing, thanks to her professionalism and ‘can do’ attitude. You can’t find a better Realtor in the South End! ~ surferrosa123
I love this video by Washington REALTORS®. Take a look for some FUN FACTS about why working with a REALTOR® is better for YOU!
– There are 30,000 real estate agents in Washington state.
– Only 15,000 are REALTORS®.
– REALTORS® have pledged to uphold the highest ethical standards.
– REALTOR® designations show expertise in real estate.
– REALTOR® dues protect homeowners, REALTORS®, transactions and water rights.
As your “go to” real estate agent, I am excited to share the news – the real estate market in the greater Seattle area is experiencing a shift that home buyers and sellers will want to take advantage of right now, not in the spring or summer, but NOW.
First, we are currently in a seller’s market. The market is low on inventory (fewer homes on the market), so sellers often receive multiple offers and are getting good prices for their homes. As spring arrives, however, more homes will be listed and there will be greater competition, so if you are thinking about selling, now is the time to do it.
Second, interest rates continue at historic lows. With rates below 4%, this is a good time for home buyers to invest in their dream home, or to at least start their shopping so they know what’s in their price range and what homes are available in their favorite neighborhoods: Kent, Covington, Maple Valley, Renton, Auburn, Seattle, etc.
These stats from the Northwest Multiple Listing Service and John L. Scott Real Estate illustrate:
Sales are up! 4,289 closed sales, an increase of 820 closed sales from Jan. 2012.
Median selling price for single-family homes and condos was $239,300 for Jan. 2013, an 11.3% increase from 2012 when it was $214,990.
14.4% year-over-year increase in pending sales, Jan. 2012 vs. Jan. 2013
23.6% increase in closed sales in Jan. 2013
31.3% decline in homes for sale in Jan. 2013, compared to Jan. 2012
60% of homes close to job centers are selling within 30 days of being listed.
What does all this mean? It means that you if you are contemplating selling your home in 2013, this is the time to list. Don’t wait until spring or summer when there will be more homes on the market. It also means that you need to price your home properly and stage it with your realtor’s help to be sure you get the best price for your home.
Have questions? Not sure what to do? Just give me a call at 206-391-0388 (cell) or 253-859-8500 (office) or buzz me an email or a text. It would be my pleasure to help you evaluate your options to make the best decision for your situation.
Statistical Summary by Counties: Market Activity Summary – January 2013 (NWMLS)
According to NWREporter, home inventory in King County is very tight right now. Coupled with record-low mortgage rates, competition to buy the few homes on the market is fierce. Buyers want “move in ready” homes. If you are a seller, this is great news.
In the south end, homes priced between $300,000-350,000 and under are going quickly. In Seattle, homes priced at or below $500,000 are selling like hot cakes, and in the north end, homes between $300,000 and $350,000 are popular – with many receiving multiple offers. This competition for homes is particularly high in areas near job centers. Right now five counties in the state – King, Kitsap, Pierce, Snohomish and Thurston Counties – have less than four months of inventory for sale. In a balanced market, the standard measure is five to six months. In other words, there are not enough homes to go around.
If you are even thinking about selling your home, or know someone who is, contact me right away. The sooner I can offer advice on getting your home “market ready,” the better chance you’ll have of taking advantage of this great opportunity!
Marti Reeder, local real estate broker and agent, has been named one of the 2011 President’s Elite by J. Lennox Scott, CEO and Chairman for John L. Scott Real Estate. This honor is presented to fewer than 3% of John L. Scott Western Washington realtors. Reeder is one of 3,200 brokers and agents working for John L. Scott in the Western Region.
Operating out of John L. Scott’s Kent-Covington office, Reeder has won a President’s Award each year since 2007. In addition to this award, Reeder closed 30 transactions in 2011 and was named a Five Star Real Estate Agent, Best in Client Satisfaction by Seattle magazine in December 2011, for the second year in a row. She has also been named “Best of Kent” for three straight years and was a finalist in 2011.
“I work really hard to provide my clients with the best possible real estate experience, so it is exciting to see that both my industry and my clients recognize and appreciate my dedication to them,” says Reeder. “It’s also great to work in the same industry with my husband. I have the best job!”
With more than 25 years of industry experience, Reeder specializes in buying and selling residential homes in the Puget Sound. Born and raised in Seattle, Reeder prides herself on her knowledge of the area, including a lifetime resident’s perspective on local schools, neighborhoods and amenities. She lives in the Kent area with her children and husband Merle, a Commercial Roofing Salesman and Remodeling Contractor for 30+ years.
I recently “ran” across this fun website called Walk Score. You can type in any city and state in the Puget Sound or the United States to determine it’s “walk score,” or how walk friendly the city is. Kent, Washington is rated a 49. Our most walkable zip code is 98030. You can also look up Covington, Maple Valley, Black Diamond, Auburn, Seattle, Bellevue, Renton, Federal Way and more.