Home Sales – TV Resort Marina http://tvresortmarina.com/ Mon, 06 Sep 2021 17:16:58 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://tvresortmarina.com/wp-content/uploads/2021/06/icon-4.png Home Sales – TV Resort Marina http://tvresortmarina.com/ 32 32 Higher prices can dampen enthusiasm for home sales https://tvresortmarina.com/higher-prices-can-dampen-enthusiasm-for-home-sales/ Sat, 04 Sep 2021 15:11:03 +0000 https://tvresortmarina.com/higher-prices-can-dampen-enthusiasm-for-home-sales/ Breadcrumb Links Houses Edmonton’s real estate market slowed over the summer after an intense spring of sales Author of the article: Joel schlesinger • for the Edmonton Journal “There’s a pretty big shift in how Canadians perceive low interest rates and their impact on affordability and home prices,” says Penelope Graham of Zoocasa. Photo by […]]]>

Edmonton’s real estate market slowed over the summer after an intense spring of sales

Content of the article

The buying frenzy seen last spring is like yesterday (maybe), according to a survey examining buyer enthusiasm.

Content of the article

“We’ve really seen a dramatic change,” says Penelope Graham, senior content editor at Zoocasa, an online real estate company that conducted the recent survey of 1,400 Canadians, a follow-up to a previous survey from the start of the year. ‘year.

The previous survey measured buyer attitudes in February, as price and sales growth in all markets in Canada, including Edmonton, approached their highs in early spring.

“Now that we’re no longer locked in and things have changed dramatically both in terms of the pandemic and the housing market, we wanted to check out how that feeling of housing has changed.” Graham said, adding that the latest survey revealed a big change in the perspective of potential buyers in the market.

“There is a pretty big change in the way Canadians perceive low interest rates and their impact on the affordability and price of homes,” she says.

Here, the latest study found that about 34 percent of those polled disagreed that low interest rates make homeownership more affordable, an increase of 12 percentage points from the February survey.

“The other one that was really a huge number was whether low interest rates are driving up home prices, and 84.5% agreed with that statement.” Graham notes that this response is 32.5 percentage points higher than in the February poll.

Graham says the survey did not explore why respondents may now perceive low interest rates differently from what they were at the start of the year. One reason, however, could be that the pandemic market peaked in early spring and has since cooled.

Content of the article

“Based on what we’ve seen in the past months, it really looks like March and April have been the peak of the pandemic market, and we’ve seen back-to-back months of market downturn for sales activity and nationwide price growth. “

Although the study does not include a regional data breakdown, the Edmonton market has shown signs of slowing down after setting record sales for the previous months, including June. Sales in July increased slightly from the same month last year to around 2%, but were down almost 19% from June of this year.

Prices also fell month over month in July by about 2%.

Edmonton Realtors Association president Tom Shearer said the market was “normalizing” and heading towards more historic seasonal norms, with summer activity declining compared to the generally busy spring market.

“I expect stable activity (for the rest of the year) with less price pressure than what we saw this spring.”

Graham says Alberta’s real estate market – while suffering many of the same effects of the pandemic – is more affordable than Toronto and Vancouver and, in turn, may be able to support more price and sales growth. long time.

“The Alberta market experienced softer conditions compared to Ontario and British Columbia before the pandemic,” she says. “But really, all markets have seen an unprecedented increase in average price growth during the pandemic and all have seen their sales increase.”

]]>
Huntsville area home sales increase slightly year over year in July https://tvresortmarina.com/huntsville-area-home-sales-increase-slightly-year-over-year-in-july/ Wed, 01 Sep 2021 23:02:09 +0000 https://tvresortmarina.com/huntsville-area-home-sales-increase-slightly-year-over-year-in-july/ Sales: According to ValleyMLS.com, July home sales in the Huntsville area were up 0.11% year-on-year (Y / Y) from 929 to 930 closed deals, marking 14 straight months of Y / Y gains. Following seasonal trends, sales were down 2.7% from June. Sales are now up 7.66% year-to-date. Two other resources to consult: Quarterly report […]]]>

Sales: According to ValleyMLS.com, July home sales in the Huntsville area were up 0.11% year-on-year (Y / Y) from 929 to 930 closed deals, marking 14 straight months of Y / Y gains. Following seasonal trends, sales were down 2.7% from June. Sales are now up 7.66% year-to-date. Two other resources to consult: Quarterly report and Annual Report.

For complete housing data in the Huntsville area, click here.

Inventory: Enrollments in July (647) increased 37.6% from June and were down 36.7% from a year ago. At the current selling rate, all active stocks in the market would sell in 0.7 months, down from 0.5 months in June and down from 1.1 months in July 2020. The breakeven point where buyers and sellers have roughly equal bargaining power is 6 months from delivery.

Price : The median selling price in July was $ 295,500, an increase of 18.25% from a year ago and an increase of 2.34% from June. The different sample size (number of residential sales in comparative months) may contribute to statistical volatility, including pricing. ACRE recommends consulting a local real estate professional to discuss prices, as they vary from neighborhood to neighborhood.

Homes sold in July sold for an average of 10 days on the market, 12 days faster than in July 2020.

Forecast: July sales were 19 units, or 2.13%, higher than the Alabama Center for Real Estate (ACRE) monthly forecast. ACRE forecast 911 sales for the month, while actual sales were 930 units. ACRE has forecast a total of 5,810 sales in the region since the start of the year, while there were 5,343 actual sales through July, a difference of 8.03%.

New construction: The 241 new homes sold represented 25.9% of all residential sales in the region in July. Total sales decreased 2.8% year-on-year. The median selling price in July was $ 351,983, an increase of 21.4% from June and an increase of 34.3% from a year ago.

NAR Comment: According to the National Association of Realtors (NAR), sales of existing homes nationwide increased for the second consecutive month in July, up 2% from June (seasonally adjusted annual rate). July sales increased 1.5% from a year ago. The median selling price of existing homes was $ 359,900, up 17.8% year-on-year and marking 113 consecutive months of year-over-year gains. The rise in house prices is largely the result of low housing inventories against a backdrop of considerably high demand. Supply has improved somewhat, increasing 7.3% from June 2021 and down 12% from a year ago. July’s 2.6 month supply increased slightly from June (2.5) but remains well below July 2020 (3.1).

Lawrence Yun, chief economist of NAR, said, “We are seeing stocks start to rise, which will reduce the intensity of multiple offers. Much of the growth in home sales still occurs in high-end markets, while mid-to-lower tier areas aren’t seeing as much growth as there are still too few starter homes available.

Yun added that house prices are expected to moderate in the coming months. “While we shouldn’t expect home prices to drop over the next few months, it is possible that they will level off as inventories continue to gradually improve. “

ACRE comment: Home sales in Alabama fell year over year in July, falling 1.4% (unadjusted). Sales were also down month over month, down 7.7% from June. Year-to-date, however, sales are up 17.3% from 2020. The statewide median selling price hit a new record high of $ 218,374, with rates growth in selling prices which moderated somewhat, increasing by 11% year-on-year. The state’s housing supply received a much-needed relief as listings rose 12% from June, but are still down 29.3% from a year ago . With sales slowing and inventory rising, months of supply fell from 1.2 months in June to 1.5 in July. Registrations are also expected to increase gradually over the next few months.

Click here to view the full monthly report.

The Huntsville area monthly residential report is developed as part of the Huntsville Area Real Estate Association.

Editor’s Note: All information in this article reflects data provided to the Alabama Center for Real Estate for the period July 1-31. Thus, the performance represented is historical and should not be used as an indicator of future results.

]]>
Baldwin County home sales fell 2% year-on-year in July https://tvresortmarina.com/baldwin-county-home-sales-fell-2-year-on-year-in-july/ Sat, 28 Aug 2021 19:02:59 +0000 https://tvresortmarina.com/baldwin-county-home-sales-fell-2-year-on-year-in-july/ Sales: According to Baldwin Realtors, July residential sales were down 2.4% year-on-year (Y / Y), from 895 to 874 closed deals. Contrary to seasonal trends, sales were down 17.8% from June. Sales are now up 27.9% year-to-date. Two other resources to consult: quarterly report and annual report. For full data on housing in Baldwin County, […]]]>

Sales: According to Baldwin Realtors, July residential sales were down 2.4% year-on-year (Y / Y), from 895 to 874 closed deals. Contrary to seasonal trends, sales were down 17.8% from June. Sales are now up 27.9% year-to-date. Two other resources to consult: quarterly report and annual report.

For full data on housing in Baldwin County, click here.

Inventory: The total number of homes listed in July fell 37.9% year-on-year, from 2,011 to 1,249 listings. At the current selling rate, all active stocks in the market would sell in 1.4 months, compared to 1 month in June and 2.2 months in July 2020. The point of equilibrium where buyers and sellers have the power to roughly equal negotiation is 6 months from the supply.

Price : Baldwin County’s median July selling price was $ 290,494, an increase of 14.26% from a year ago and a decline of 4.6% from June. The different sample size (number of residential sales in comparative months) may contribute to statistical volatility, including pricing. ACRE recommends consulting a local real estate professional to discuss prices, as they vary from neighborhood to neighborhood.

Homes sold in July lasted an average of 32 days on the market, a record and 50 days shorter than in July 2020.

Forecast: July sales were 39 units, or 4.67%, higher than the Alabama Center for Real Estate (ACRE) monthly forecast. ACRE forecast 835 sales for the month, while actual sales were 874 units. ACRE has forecast a total of 5,190 residential sales since the start of the year, while there were 5,783 actual sales through June, a difference of 11.4%.

New construction: The 119 new homes sold represented 13.6% of all residential sales in July. Total sales decreased 17.4% year-on-year. The median selling price of new home sales was $ 290,494, an increase of 14.3% from a year ago and an increase of 10.8% from June.

NAR Comment: According to the National Association of Realtors (NAR), sales of existing homes nationwide increased for the second consecutive month in July, up 2% from June (seasonally adjusted annual rate). July sales increased 1.5% from a year ago. The median selling price of existing homes was $ 359,900, up 17.8% year-over-year and marking 113 consecutive months of year-over-year gains. The rise in house prices is largely the result of low housing inventories against a backdrop of considerably high demand. Supply has improved somewhat, increasing 7.3% from June 2021 and down 12% from a year ago. July’s 2.6 month supply increased slightly from June (2.5) but remains well below July 2020 (3.1).

Lawrence Yun, chief economist of NAR, said, “We are seeing stocks start to rise, which will reduce the intensity of multiple offers. Much of the growth in home sales still occurs in high-end markets, while mid-to-lower tier areas aren’t seeing as much growth as there are still too few starter homes available.

Yun added that house prices are expected to moderate in the coming months. “While we shouldn’t expect home prices to drop over the next few months, it is possible that they will level off as inventories continue to gradually improve. “

ACRE comment: Home sales in Alabama fell year over year in July, falling 1.4% (unadjusted). Sales were also down month over month, down 7.7% from June. Year-to-date, however, sales are up 17.3% from 2020. The statewide median selling price hit a new record high of $ 218,374, with rates growth in selling prices which moderated somewhat, increasing by 11% year-on-year. The state’s housing supply received a much-needed relief as listings rose 12% from June, but are still down 29.3% from a year ago . With sales slowing and inventory rising, months of supply fell from 1.2 months in June to 1.5 in July. Registrations are also expected to increase gradually over the next few months.

Click here to view the full monthly report.

The Baldwin County Monthly Residential Report is developed in collaboration with the Baldwin’s real estate agents to better serve consumers on the Gulf Coast.

Editor’s Note: All information in this article reflects data provided to the Alabama Center for Real Estate for the period July 1-31. Thus, the performance represented is historical and should not be used as an indicator of future results.

]]>
Real estate listings in Columbus jumped 20% in July, but sales lagged https://tvresortmarina.com/real-estate-listings-in-columbus-jumped-20-in-july-but-sales-lagged/ Wed, 25 Aug 2021 10:30:00 +0000 https://tvresortmarina.com/real-estate-listings-in-columbus-jumped-20-in-july-but-sales-lagged/ COLUMBUS, Ohio (WCMH) – For the fourth consecutive month, new listings in Columbus have increased by more than 20%, according to a report from Columbus Realtors. But the number of home sales was about 1,000 homes lower than the number of new homes on the market, for the first time in months. “We may see […]]]>

COLUMBUS, Ohio (WCMH) – For the fourth consecutive month, new listings in Columbus have increased by more than 20%, according to a report from Columbus Realtors.

But the number of home sales was about 1,000 homes lower than the number of new homes on the market, for the first time in months.

“We may see a change in the pace of real estate activity as fall approaches,” said Michael Jones, 2021 president of Columbus REALTORS on their website. “The welcome increase in inventory gives buyers more choices, as well as a little more flexibility in considering their options.”

Last month, 4,612 homes were added to the central Ohio market, an increase of 21.0% from last year. However, at 3,630, the number of home sales rose only 2.7%, a marked change from double-digit increases seen in eight of the past 10 months, according to the report.

The average price of a home sold in July was $ 313,737, up 12.8% from July 2020. The median selling price rose 12.2% to $ 275,000, and homes were are sold in about 11 days.

Homes under $ 350,000 sold in an average of 9 days. Homes sold between $ 350,000 and $ 500,000 took about 12 days to sell. Homes in the $ 500,000 to $ 700,000 price range sold in 15 days on average, and homes over $ 700,000 were on the market for 18 days on average, according to the report.

]]>
Stocks open higher ahead of economic data https://tvresortmarina.com/stocks-open-higher-ahead-of-economic-data/ Mon, 23 Aug 2021 14:43:00 +0000 https://tvresortmarina.com/stocks-open-higher-ahead-of-economic-data/ US stocks edged higher on Monday, boosted by technology stocks, as investors waited for more signals from the Federal Reserve. The S&P 500 rose 0.8%, pointing to the broad market index extending Friday’s 0.8% gain. The Nasdaq climbed 1.2%, indicating a larger rise in tech stocks. Meanwhile, the Dow Jones Industrial Average also rose 0.7%. […]]]>

US stocks edged higher on Monday, boosted by technology stocks, as investors waited for more signals from the Federal Reserve.

The S&P 500 rose 0.8%, pointing to the broad market index extending Friday’s 0.8% gain. The Nasdaq climbed 1.2%, indicating a larger rise in tech stocks. Meanwhile, the Dow Jones Industrial Average also rose 0.7%.

Investors are largely focused on the Federal Reserve’s annual economic policy symposium later this week, awaiting further clues as to when policymakers may slow down bond buying. At the same time, growing concerns that high levels of Covid-19 infection could slow the global economic recovery pushed stocks down last week. Dallas Fed Chairman Rob Kaplan said on Friday he may rethink his call to start cutting asset purchases soon if the Delta variant weighs on growth.

“If there is any sign that the US economy is slowing, the Fed will not shrink,” said Michael Hewson, chief market analyst at CMC Markets. “There is a long road between blazing a trail for tapering and actually doing it.”

Shares of ridesharing companies declined after a California judge said a move to continue to treat their drivers as independent contractors rather than employees is unconstitutional. Uber Technologies recently rose 0.2% and Lyft fell almost 1%.

]]>
Caravan sales on the rise as Australians vacation near home https://tvresortmarina.com/caravan-sales-on-the-rise-as-australians-vacation-near-home/ Sun, 22 Aug 2021 23:00:00 +0000 https://tvresortmarina.com/caravan-sales-on-the-rise-as-australians-vacation-near-home/ Melbourne, Australia, August 22, 2021 / PRNewswire / – Australians are buying caravans in record numbers, and local production has peaked for 30 years. Leading financial broker National Loans, which provides caravan finance as well as other asset finance including debt consolidation finance, says with overseas travel excluded, Australians are looking to new ways to […]]]>

Melbourne, Australia, August 22, 2021 / PRNewswire / – Australians are buying caravans in record numbers, and local production has peaked for 30 years. Leading financial broker National Loans, which provides caravan finance as well as other asset finance including debt consolidation finance, says with overseas travel excluded, Australians are looking to new ways to to travel.

The caravan industry in Australia contributes more than $ 23 billion annually to the economy. The spillover effects of the sales boom are providing a much needed economic boost to many industries, including manufacturing, dealerships, maintenance and tourism.

According to National Loans, as caravans have grown in popularity in recent years, the COVID-19 pandemic has tapped into a new market for vacationing caravanners. For those interested in purchasing a caravan, National Loans says it’s worth doing your research.

As National Loans explains, before anyone starts shopping in a trailer, they need to determine what type of trip they plan to take and how long it will take, whether it’s on-road or off-road and for short jaunts. , trips across the country or live the nomadic life full time. . This will help the buyer to decide whether a caravan, motorhome or motorhome is the most suitable.

Additionally, National Loans says the caravan market offers everything from basic, no-frills motorhomes to high-end luxury campers, so buyers should consider the level of comfort they want. In addition, the number of people traveling will have an influence on the necessary size of the caravan. Buyers should keep in mind that the larger the trailer, the more it weighs and therefore more towing power will be required. Storage can also be a problem.

Importantly, National Loans stresses that buyers need to understand their budget and how they will finance the purchase of their trailer. Caravans don’t come cheap, so most people will have to look for a caravan loan. National Loans can help buyers compare loans and interest rates and find the best loan term and interest rate for their personal circumstances.

Domestic loans can also help buyers secure other asset finance, including a boat loan or various auto loans like lump sum car loan. To find the best loans at the most competitive rates, contact National Loans directly.

Related images

national-loans.png
National loans
National loans

SOURCE National Loans

]]>
Chatham-Kent home sales continue to break records https://tvresortmarina.com/chatham-kent-home-sales-continue-to-break-records/ Wed, 11 Aug 2021 15:58:39 +0000 https://tvresortmarina.com/chatham-kent-home-sales-continue-to-break-records/ Content of the article A record number of homes in Chatham-Kent were sold in July as the average selling price continued to rise. Content of the article The Chatham-Kent Real Estate Association reported 170 homes sold last month through its multiple listing service. This is the highest on record in July and an increase of […]]]>

Content of the article

A record number of homes in Chatham-Kent were sold in July as the average selling price continued to rise.

Content of the article

The Chatham-Kent Real Estate Association reported 170 homes sold last month through its multiple listing service. This is the highest on record in July and an increase of 13.3% from July 2020.

Home sales were 24.5% above the five-year average and 32.7% above the 10-year average in July.

A record 1,069 homes were sold in the first seven months of 2021, an increase of 49.9% over the same period in 2020.

“Home sales are still going strong. Where other markets in the province slow down and fall back to more average levels, we are setting new sales activity records, ”Chatham-Kent Real Estate Association president Laura Tourangeau said in a statement. “The good news is that the new listings match the strength of demand, providing a much needed influx of supply in a very tight market. “

The average July selling price was $ 409,161, up 25.9% from July 2020.

The year-to-date average price was $ 401,886, a 35.5% increase from the first seven months of 2020.

Home sales in July totaled $ 69.6 million, up 42.7% from July 2020, while setting a new record for the month.

The number of new listings increased 54.6% from July 2020. The 218 new residential listings in July were the most added for the month in more than five years.

“Overall, stocks have stopped dropping but remain at the lowest levels, and price growth is firmly anchored in double-digit territory,” Tourangeau said. “Unless there is a sudden drop in appetite for homes or a gradual moderation in demand, we expect these trends to persist for the foreseeable future.”

Content of the article

New registrations were 20% above the five-year average and 10.1% above the 10-year average for July.

There were 147 active residential listings at the end of July, nine more than at the end of July 2020 for a gain of 6.5%.

Active registrations in July were 35.2% below the five-year average and 66% below the 10-year average.

Inventory months were 0.9 at the end of July, the same as at the end of July 2020 and below the long-term average of 3.7 months for this time of year. Inventory months are the number of months it would take to sell current inventory at the current rate of selling activity.

]]>
Andrew Mirmelli buys Hibiscus Island Home in Miami Beach https://tvresortmarina.com/andrew-mirmelli-buys-hibiscus-island-home-in-miami-beach/ Mon, 09 Aug 2021 16:37:00 +0000 https://tvresortmarina.com/andrew-mirmelli-buys-hibiscus-island-home-in-miami-beach/ (Photo: Julian Johnston) Miami Beach investor Andrew Mirmelli is betting the waterfront single-family home market will stay warm. Mirmelli, owner of M&M Parking Management Services, paid $ 21 million for the house at 432 South Hibiscus Drive and listed it for $ 30 million a few days later. Property records show that Sweet Gift LLC, […]]]>

(Photo: Julian Johnston)

Miami Beach investor Andrew Mirmelli is betting the waterfront single-family home market will stay warm.

Mirmelli, owner of M&M Parking Management Services, paid $ 21 million for the house at 432 South Hibiscus Drive and listed it for $ 30 million a few days later.

Property records show that Sweet Gift LLC, run by Abelardo Monroy, sold the five-bedroom, 6,090 square foot home to Mirmelli’s AMM 432 Hibiscus Drive LLC.

Julian Johnston of the Corcoran Group markets the Hibiscus Island waterfront home. It was also listed for lease at $ 130,000 per month. Johnston said Mirmelli plans to renovate the property before selling it.

The Mediterranean style estate was built in 2001 on a 0.4 acre lot. It had already been sold in 2013 for $ 8 million. The property includes a private dock with a boat lift, a swimming pool and an outdoor kitchen.

Mirmelli recently sold a parking lot in downtown Miami to developer Moishe Mana for $ 12.4 million.

The single-family home sales and rental market remained strong. In Miami Beach and the Barrier Islands, single-family home sales rose 240% to 292 second-quarter closures, according to reports from Douglas Elliman.

Mirmelli’s brother Greg was a minority investor in a property in the Venetian Islands that Dan Kodsi’s Royal Palm Companies sold this month to “Full House” creator Jeff Franklin for $ 13 million. Kodsi and Mirmelli were planning to build a luxury rental home on the site.

]]>
Mother’s Cookies’ former Oakland home listed for $ 1.4 million https://tvresortmarina.com/mothers-cookies-former-oakland-home-listed-for-1-4-million/ Fri, 06 Aug 2021 19:20:38 +0000 https://tvresortmarina.com/mothers-cookies-former-oakland-home-listed-for-1-4-million/ An Oakland house that was once owned by Mother’s Cookies founder – Noah Mique Wheatley and his wife, Leopoldine – is up for sale for $ 1.395 million. An Oakland house that was once owned by the founder of Mother’s Cookies is up for sale for $ 1.395 million. (Open photography of houses) The family […]]]>

An Oakland house that was once owned by Mother’s Cookies founder – Noah Mique Wheatley and his wife, Leopoldine – is up for sale for $ 1.395 million.

An Oakland house that was once owned by the founder of Mother’s Cookies is up for sale for $ 1.395 million. (Open photography of houses)

The family lived in the house from 1925 to 1992, during which time their brand of cookies became a household name in the Bay Area and beyond.

An Oakland house that was once owned by the founder of Mother’s Cookies is up for sale for $ 1.395 million. (Open photography of houses)
An Oakland house that was once owned by the founder of Mother’s Cookies is up for sale for $ 1.395 million. (Open photography of houses)

The 2,705 square foot Mediterranean style home has four bedrooms and three bathrooms and has been updated with high tech amenities. They include automated shades, lights and audio. There is also a large outdoor area with a built-in fireplace, dining hut and cave. A bonus Airstream trailer can be used as a spare room or as a rental.

An Oakland house that was once owned by the founder of Mother’s Cookies is up for sale for $ 1.395 million. (Open photography of houses)

Andrew Pitarre of Compass is the listing agent.

Mother’s Cookies, known for its pink and white iced “Circus Animal Biscuits,” was founded in 1914 in Oakland and was originally sold for $ 1 a box in a horse-drawn cart. The Kellogg company bought the brand in 2008, and it is currently owned by the Ferrero group based in Italy.

]]>
Here’s how the Pierce County housing market performed in July https://tvresortmarina.com/heres-how-the-pierce-county-housing-market-performed-in-july/ Fri, 06 Aug 2021 12:00:00 +0000 https://tvresortmarina.com/heres-how-the-pierce-county-housing-market-performed-in-july/ Interesting changes occurred in the Pierce County housing market in July, but it is too early to say if they will continue. For single-family home sales, total active listings fell year over year to 9.94%. But that’s up from declines in May (41.79 percent) and June (24.47 percent), according to the Northwest Multiple Listing Service’s […]]]>

Interesting changes occurred in the Pierce County housing market in July, but it is too early to say if they will continue.

For single-family home sales, total active listings fell year over year to 9.94%. But that’s up from declines in May (41.79 percent) and June (24.47 percent), according to the Northwest Multiple Listing Service’s July home sales report.

Pierce County’s median closing selling price for existing single-family homes fell to $ 510,000 from $ 516,000 in June, but still up 20% from a year ago.

For condominiums, Pierce County’s median selling price was $ 355,250, down from $ 369,500 in June, but still up 15.62% from a year ago.

Is the market cooling down? As always, it depends on where you are looking.

“Despite the extreme shortage of inventory and robust selling activity, there appears to be some slowing in the market frenzy,” said Gary O’Leyar, broker / owner of Berkshire Hathaway HomeServices Signature Properties of Seattle, in the NWMLS ‘released Thursday. “In my opinion, this is due to a typical mid-summer summer market combined with some buyer fatigue.”

When it comes to home prices, housing affordability “has left the building,” according to Dick Beeson, management broker at RE / MAX Northwest Brokers of Tacoma-Gig Harbor.

He cited slowdowns in the building supply chain and the shortage of skilled workers to build homes. In the May Unemployment Report, WorkForce Central said data showed that in Pierce County, 17% of claims filed were for construction and quarrying workers.

Beeson said he estimated that about 75% of all properties sold in the past six months in Pierce County as well as Kitsap and Thurston counties sold in a week or less.

“It can’t go much faster. The three counties have barely two weeks of inventory, ”he said in Thursday’s update.

Here are the median closed sale prices for existing homes in surrounding counties in July:

▪ King: $ 871,000

▪ Kitsap: $ 510,000

▪ Mason: $ 386,000

▪ Snohomish: $ 700,000

▪ Thurston: $ 465,000

And median closed sale prices for condominiums:

▪ King: $ 460,000

▪ Kitsap: $ 315,000

▪ Mason: $ 515,000 (a registered sale)

▪ Snohomish: $ 473,000

▪ Thurston: $ 269,000

Coldwell Banker Bain CEO Mike Grady said in Thursday’s statement that he expected more of the same in the coming months, noting that the time it would take to sell all the homes in stock (offer of the month) has only increased by about three days since June and is still well under three weeks in most markets.

“It’s a long way, a long way from a ‘balanced’ market of four to six months of inventory,” he said.

Debbie Cockrell has worked for The News Tribune since 2009. She reports on business and development, as well as local and regional issues.

]]>