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Cory Brandt

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October Real Estate Market Update

by Cory Brandt

We're Falling into a Balanced Market

Prices and sales are finding a balance for both buyers and sellers.  Overall sales in King County were up slightly in September with a 5.5% increase over last year and median prices were up 8% over September 2013.   Inventory remained relatively stable in King County with about two months of supply, pointing to a seller's market. Typically, a balanced market has four to six months of inventory. 

Cory's Speedy Home Tour 2: Sammamish, Issaquah & Seattle

by Cory Brandt

It time to check out my current listings and lucky for me it wasn't raining this time .......

September Market Report

by Cory Brandt

It's time for the "New Normal" but what exactly does that mean?

Prices and sales are starting to moderate.  While overall closed sales were down 7% in August from a year-ago, median prices were up 1.6% over last year.   Inventory is still relatively tight in King County with about two months of supply.  Typically, a balanced market has four to six months of inventory. 

August 2014 Market Update

by Cory Brandt

“How is the Market?”

This is the most consistent question I hear from people =, and I’m sure the same holds true for Financial Planners and Stock Brokers.  It may also be one of the most lied about response.

I’ve talked a lot about it and some of you have seen the videos (although I was told many missed the Rainy-Day Listing Speed Tour, and the iGallop; two of my favorites).   

Everything is up…kind of.  We’re up from last year, but down a little from 3 months ago.  But that’s normal, there’s always a little lull in the summer.  Homes are selling, but it take a little longer.  Instead of getting an offer in five days, it may take five weeks to get good an offer.   As vacations end there will be another push, then another little lull.  The average days on market in King County is 36 days and there’s 2.1 months of inventory – that is indicative of a seller’s market.  In many areas, we’re seeing a transition to a balanced market.

The real question is where we are headed.  I think we’re still headed up.  I firmly believe we’ll have a strong market in the spring, although I don’t expect it to be nearly as strong as 2014.  I think we’re headed to a more balanced market, which frankly is healthy.

That said I have two concerns – the stock market, and interest rates.  If the stock market tumbles then the real estate market will slow, and may lose some value.  Interest rates going up will slow the market.   Locally we also have the reality, and the perception associated with the Microsoft layoffs – when the first round hit the market activity definitely slowed.

“Should I wait until the Spring to Buy (or Sell)?”

Maybe the second most common question in Real Estate.  If you are selling and buying then it doesn’t make a huge difference when you do it.  The only real factor interest rates – which would lead me to believe better to do it soon as rates aren’t going anywhere but up.

That out of the way the real question if you are just selling – how do you feel about the stock market?  If you think it is great and stable then probably no rush, may get a little more in the spring market (probably will).  If the stock market gets shaky, then you’ll regret having waited…

Buyers – if you are getting a loan now, then buy now.  If it is all cash then see the question above.

Gross oversimplifications – yep 

Investing – buy when the deal is there.  The market doesn’t matter, you adjust your strategy based on the market.  Although I do know of one Real Estate attorney that buys a home every two years regardless – his feeling it he doesn’t have the ability to predict the market, his goal is to have a number of rental free and clear so might as well buy as soon as he has the funds.

Mr. Brandt Builds a House - Final Plat Recording!!

by Cory Brandt

It took three trips to the county to get it recorded, but it's done and it's SOLD.  

Not to sound like a broken record...but how do you spell relief - S.O.L.D.  or better yet C.L.O.S.E.D.   That's my insight for the day as I run around paying off a few loans...with a big smile on my face.  So, if you're selling your house and you think as your Realtor I don't know what you're going through - trust me I do.  It is a GREAT feeling when it is done (and I knew I had a good agent :-)).

July 2014 Market Update

by Cory Brandt

Summer Grilling Safety Tips

by Cory Brandt

The Fourth of July is right around the corner, and along with the "4th" comes the official start of barbecue season.

Obviously, cooking over an open flame has it's own list of "do's and don'ts", but folks often forget to follow food safety rules when cooking outside.  Here's a quick refresher course on keeping your summer grilling safe to eat.

Fresh is Best. Always refrigerate fresh ground meat and poultry and cook it within 48 hours. Other meats, like steaks, roasts, and pork chops, can be stored safely in the refrigerator for up to five days, but make sure to keep the temperature at less than 40 degrees F.

Cool Rules. NEVER leave raw meat, poultry, or any perishable food (mayo anyone) at room temperature for more than two hours.  If the temperature sores to 90F or above, you've only got an hour at most.

Take a Soak. Marinate beef, pork, fish, and poultry 30 minutes before grilling to significantly reduce the formation of “polycyclic aromatic hydrocarbons” (PAH’s) — potential cancer-causing substances formed when meat, poultry and fish are cooked at high temperatures.

Go Low and Slow.  Meat, fish and poultry cooked over high heat (especially above 300F) or in flames can also create “heterocyclic amines” (HCA’s).  The effect of HCA's is still not known, but high doses are linked to cancer in animals, according to the National Cancer Institute. 

Have a great summer of grilling and keep your food safe!

Simple Tips to Sell Your Home

by Cory Brandt

When you're selling your home, you need to properly prepare it for market.   One of the best ways to make a good first impression is home staging.  According to the Real Estate Staging Association (RESA), staged homes sell 7 times faster in Washington state than homes that are not staged.

To help you put together a staging plan, here's a cool infographic from RESA on staging your home to sell.

Home Staging RESA Infographic

An Easy Kitchen Remodel in Sammamish

by Cory Brandt

Guess what?  Remodeling a kitchen it not as tough as you think...

Remodeling a kitchen feels like a daunting task, but it's not as difficult or time consuming as you might think.  Here's a look at a kitchen I remodeled in Sammamish.  It took less than an week and looks great.  

Seattle and Eastside Real Estate Market Update - June 2014

by Cory Brandt

It's still a seller's market, but buyers have more inventory to choose from.....

Seattle is the fastest growing city in the US right now and our market shows it.  The current absorption rate in King County is 79%, even with a 10% increase in the number of listings over last year.  Buyers are finally starting to see the inventory they've been waiting for to hit the market.  Lucky for sellers, it hasn't taken too much steam out of the market.  As we head into summer, we'll start to see things balance out for everyone.

 

Displaying blog entries 71-80 of 97

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Cory Brandt
RE/MAX Integrity
371 NE Gilman Blvd, Suite 160
Issaquah WA 98027
Mobile: (206)419-2679