Saturday, May 12, 2018

April 2018 Real Estate Market Statistics

The following is the latest Real Estate Market Statistics for April 2018.
Click here for the full report

  • Sales:   2,523 in April 2018 vs 2,219 last April  13.7 %
  • Pending Sales:   3,008 in April 2018 vs 3,088 last April:  -2.6%
  • New Listings:   3,990 in April 2018 vs 3,759 last April:  6.1%
  • Average Sales Price:   $436,800 in April 2018 vs $406,400 last April:  7.5%
  • Total Market Time: 42 days in April 2018 vs 42 days last April:  0.0%
  • Inventory in Months: 1.8 months in April 2018 vs 1.7 months last April
Inventory by Area:
  • NW Washington County   1.34 months
  • Beaverton/Aloha               1.02months
  • Hillsboro/Forest Grove     1.28 month
Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in questions by the number of closed sales for that month.

Monday, May 7, 2018

7 Considerations When Selling a Vacant Home

There are some important considerations when needing to sell a home that is not currently being lived in.  They are similar to when you are residing in your home, but need a little more focus since you may not be around to check on the home after showings or on a regular basis.

  1.    Ask for an 'extra set of eyes' to watch the property
  2.    Ensure all doors and windows are secure
  3.    Consider staging with a few pieces of furniture
  4.    Stop mail and newspaper delivery
  5.    Hire someone to maintain the landscaping and keep up the curb       appeal of the home
  6.    Keep the home at a comfortable inside temperature
  7.    Question the benefits of holding Open Houses

Wednesday, May 2, 2018

This Just In: Data Says May is the Best Month to Sell Your Home

This Just In: Data Says May is the Best Month to Sell Your Home | MyKCM

According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home.
For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and found the average seller premium achieved for each month of the year. Below is a breakdown by month:
This Just In: Data Says May is the Best Month to Sell Your Home | MyKCM
ATTOM even went a step further and broke their results down by day.

Top 5 Days to Sell:

  • June 28th – 9.1% above market
  • February 15th – 9.0% above market
  • May 31st – 8.3% above market
  • May 29th – 8.2% above market
  • June 21st – 8.1% above market
It should come as no surprise that May and June dominate as the top months to sell and that 4 of the top 5 days to sell fall in those two months. The second quarter of the year (April, May, June) is referred to as the Spring Buyers Season, when competition is fierce to find a dream home, which often leads to bidding wars.

One caveat to mention though, is that when broken down by metro, ATTOM noticed that while warmer climates share in the overall trend, it turns out that they have different top months for sales. The best month to get the highest price in Miami, FL, for instance, was January, and Phoenix, AZ came in with November leading the charge.

If you’re thinking of selling your home this year, the time to list is NOW! According to the National Association of Realtors, homes sold in an average of just 30 days last month! If you list now, you’ll have a really good chance to sell in May or June, setting yourself up for getting the best price!

Bottom Line

Let’s get together to discuss the market conditions in our area and get you the most exposure to the buyers who are ready and willing to buy!

Monday, April 30, 2018

4 Feng Shui Tips for Your Home

Feng Shui for the home is based around simple practices designed to make a home feel healthier and a lot more organized.  It helps you to connect to your home in a way that can affect your mood and well-being.  Feng Shui is as common as "spring-cleaning" or decorating to make a home feel much more comfortable.

This ancient Chinese tradition can be done with a modern holistic approach, while still honoring the age-old traditions that come with Feng Shui. It's not about transforming the structure of your home, but instead evolving the spaces in a way that refreshes your home - and in turn your health. 

Let's get into 4 Feng Shui decorating tips that may bring some harmony into your house!

1. Slow Down Your Home's Energy Flow:  If the back door and the front door have a direct line of sight, that means the energy in the home, or chi, will flow through the home too fast.  Instead of  letting the energy go straight out the back door, you want the energy to undulate throughout the whole home in a graceful and even manner.  The best way to slow down the flow is to place a patterned rug on the floor in front of the front door, add artwork on the walls, or add a round entry table to the foyer space.

2. De-Clutter Your House:  We can all be guilty of letting things accumulate in our home that may not have a specific function.  Clutter is more than just unappealing visually, it is an anchor for the energy in a home.  An excessive amount of clutter can stop you from having clarity of thought, and may even weigh you down emotionally.  Be sure to have organization throughout your home - from paying bills to recycling content and even something as simple as a designated spot for your keys.  It'll help you feel less frazzled and feel more efficient in your day to day routine.

3. Front Door Path Must Be Kept Clear:  The front door in a home is an important factor to Feng Shui.  It is the main portal through which the energy from outside enters into your home. You want to make sure the energy flows uninterrupted through the front door, without "metaphorically" running into a wall.  Keep your front entry area free of clutter and consider installing a mirror near the front door to refract the energy.  The mirror can help expand the energy into the space, which in turn expands the opportunities within your life - and prevents you from feeling limited.

4. Maximize the Natural Light:  Natural light can make a person much happier and more positive. You want to enhance as much natural light in a home as possible, which can be done by placing mirrors directly across from windows to help reflect the light throughout your space.

There are many ways to create the space you desire inside your home.  These are just 4 easy steps to help with the flow of your home's energy and create a sense of comfort.

Monday, April 23, 2018

Selecting a Realtor When You're Out of Area

There may be times when you, as a homeowner, are out of the area of the home and need to find a Realtor to represent you in the sale of the property.  Here are a few things to consider when selecting the right agent to help you get the home sold.

  1. Trusted Agent - someone you've had a good experience with in the past, or a referral from a trusted friend, neighbor or professional in the area.
  2. Excellent Communications Skills - keeping you informed of  the status of the market, activity on your property, and all the steps and deadlines to get to closing
  3. Well Connected to Service Providers - landscapers and stagers for preparing your home for the market, contractors to address repair needs, and real estate services such as Title Companies to ensure the transaction goes well from start to finish.
  4. Goes the Extra Mile For You - making an effort to take care of all the little things that you would normally do when selling a home, but can't because you are out of the area.

These are just four things that might need a little more consideration when selecting the best Realtor to represent the sale of your home - when you live outside the general area of the home.

Monday, April 16, 2018

Buy Now? Or Wait Until Next Year?

Should I Wait until next Year to Buy? Or Buy Now? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 5.1% by 2019.
  • CoreLogic predicts home prices to appreciate by 4.3% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!