According to Zillow's Real Estate Market Reports for september, released today, Shelton home values were up 0.3% compared to August and down 13.2% compared to September 2008. Here is the home value curve.
http://www.zillow.com/local-info/WA-Shelton-home-value/r_50027/?scid=emm-2007143Q309ReProCity-bab
Below is the link to Zillow's newly released Q3 Homeowner confidence survey nationwide:
http://www.zillow.com/blog/homeowner-confidence-out-of-whack-but-can-you-blame-them/2009/11/17/?scid=emm-2007143Q309ReProCity-survey
While it's debatable how accurate Zillow's home value model for Shelton is, I think Zillow is still one of the valuable real estate sources out there. This upside down "V" curve home value trend for Shelton suggests that Shelton home values have stablized since mid of 2009 and are slowly and surely on it's way up. Zillow's Q3 Homeowner Confidence Survey also echoes that optimistic view. That's two bits of good news going into the winter holiday season.
Thursday, November 19, 2009
Friday, November 13, 2009
10 Things to Take Trauma Out of Homebuying
Just read a great article today. I'm sharing those great tips with you all out there.
10 THINGS TO TAKE THE TRAUMA OUT OF HOMEBUYING
1. Find a real estate agent that's simpatico. Homebuying is not only a big financial commitment, but also an emotional one. It's critical that the agent you chose is both skilled and a good fit with your personality.
2. Remember, there's no "right" time to buy, any more than there's no right time to sell. If you find a home now, don't try to second-guess the interest rates or the housing market by waiting. Changes don't usually occur fast enough to make that much difference in price, and a good home won't stay on the market long.
3. Factor in maintenance and repair costs in your post-home buying budget. Even if you buy a new home, there will be some costs. Don't leave yourself short and let your home deteriorate.
4. Accept that a little buyer's remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big commitment, but is also yields big benefits.
5. Choose a home first because you love; then think about appreciation. While U.S. homes have appreciated an average of 5.4 percent annually over from 1998 to 2002, a home's most important role is as a comfortable, safe place to live.
6. Don't ask for too many opinions. It's natural to want reassurance for such a big decision, but too many ideas will make it much harder to make a decision.
7. Accept that no house is ever perfect. Focus in on the things that are most important to you and let the minor ones go.
8. Don't try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to "win" by getting an extra-low price may lose you the home you love.
9. Remember your home doesn't exist in a vacuum. Don't get so caught up in the physical aspects of the house itself-room size, kitchen-that you forget such issues as amenities, noise level, etc., that have big impact on what it's like to live in your new home.
10. Don't wait until you've found a home and made an offer to get approved for a mortgage, investigate insurance availability, and consider a schedule for moving. Presenting an offer contingent on a lot of unresoved issues will make your bid much less attractive to sellers.
10 THINGS TO TAKE THE TRAUMA OUT OF HOMEBUYING
1. Find a real estate agent that's simpatico. Homebuying is not only a big financial commitment, but also an emotional one. It's critical that the agent you chose is both skilled and a good fit with your personality.
2. Remember, there's no "right" time to buy, any more than there's no right time to sell. If you find a home now, don't try to second-guess the interest rates or the housing market by waiting. Changes don't usually occur fast enough to make that much difference in price, and a good home won't stay on the market long.
3. Factor in maintenance and repair costs in your post-home buying budget. Even if you buy a new home, there will be some costs. Don't leave yourself short and let your home deteriorate.
4. Accept that a little buyer's remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big commitment, but is also yields big benefits.
5. Choose a home first because you love; then think about appreciation. While U.S. homes have appreciated an average of 5.4 percent annually over from 1998 to 2002, a home's most important role is as a comfortable, safe place to live.
6. Don't ask for too many opinions. It's natural to want reassurance for such a big decision, but too many ideas will make it much harder to make a decision.
7. Accept that no house is ever perfect. Focus in on the things that are most important to you and let the minor ones go.
8. Don't try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to "win" by getting an extra-low price may lose you the home you love.
9. Remember your home doesn't exist in a vacuum. Don't get so caught up in the physical aspects of the house itself-room size, kitchen-that you forget such issues as amenities, noise level, etc., that have big impact on what it's like to live in your new home.
10. Don't wait until you've found a home and made an offer to get approved for a mortgage, investigate insurance availability, and consider a schedule for moving. Presenting an offer contingent on a lot of unresoved issues will make your bid much less attractive to sellers.
Thursday, November 12, 2009
New Rules Requiring Carbon Monoxide Monitor Installation in Washington Homes
Beginning in July 1, 2010, new construction homes in Washington will be required to comply with a carbon monoxide monitor requirement. In most cases, a battery operated, carbon monoxide monitor, costing less than $50, would detect carbon monoxide before it was concentrated enough to cause illness. When carbon monoxide is trapped in a residence, it can cause carbon monoxide poisoning, which, in the worst case, is fatal, causing death within minutes. In Washington alone, more than 1000 people reportedly suffereed carbon monoxide poisoning and eight died, in the aftermath of the 2006 windstorm. Some household sources of carbon monoxide include malfunctioning furnaces, water heater, ovens, stove, gas dryers, improperly vented free standing heaters, clogged chimneys, corroded flu pipes, and generators. Automobiles left running in attached garage pose a hazard, even if the garage doors are open.
Because carbon monoxide cannot be detected by human senses and because the effects of carbon monoxide poisoning can be devastating, the 2009 Washington Legislature passed a law requiring the Building Code Council to adopt a rule requiring installation of carbon monoxide monitors in Washington homes. The new rule will be in effect and all new construction must conform to the requirement by July 1, 2010
Source: Washington Realtors Magazine Sep/Oct 2009 Issue
Because carbon monoxide cannot be detected by human senses and because the effects of carbon monoxide poisoning can be devastating, the 2009 Washington Legislature passed a law requiring the Building Code Council to adopt a rule requiring installation of carbon monoxide monitors in Washington homes. The new rule will be in effect and all new construction must conform to the requirement by July 1, 2010
Source: Washington Realtors Magazine Sep/Oct 2009 Issue
Thursday, November 5, 2009
October 2009 Mason County Residential Sales Statistics
New Listings: Total number of 122 listings, up 3% comparing to last month.
Median Listing Price: $222,500, down 8% comparing to last month.
- Allyn/Grapeview area has the highest median listing price of $291,695, followed by Union area of $279,700. Agate area the lowest median listing priceof $159,900, followed by Hoodsport area of $175,000.
Pending Sale Listings: Total number of 70 listings, down 16% comparing to last month
Median Pending Sale Price: $175,000, up 10% comparing to last month
- Allyn/Grapeview area has the highest median pending sale price of $234,950, followed by Union area of $225,000. Downtown Shelton area has the lowest median pending sale price of $163,200, followed by Agate area of $164,950.
Sold Listings: Total number of 65 listings, down 3% comparing to last month
Median Sold Price: $167,500, down 8% comparing to last month
- Hoodsport area has the highest median sold price of $297,500, followed by Union area of $253,750. Matlock area has the lowest sold price of $99,325, followed by Belfair area of $140,000.
Report compiled by PING Real Estate.
Here is the statewide sales stats for the month of October 2009:http://www.nwrealestate.com/nwrpub/common/mktg.cfm
Median Listing Price: $222,500, down 8% comparing to last month.
- Allyn/Grapeview area has the highest median listing price of $291,695, followed by Union area of $279,700. Agate area the lowest median listing priceof $159,900, followed by Hoodsport area of $175,000.
Pending Sale Listings: Total number of 70 listings, down 16% comparing to last month
Median Pending Sale Price: $175,000, up 10% comparing to last month
- Allyn/Grapeview area has the highest median pending sale price of $234,950, followed by Union area of $225,000. Downtown Shelton area has the lowest median pending sale price of $163,200, followed by Agate area of $164,950.
Sold Listings: Total number of 65 listings, down 3% comparing to last month
Median Sold Price: $167,500, down 8% comparing to last month
- Hoodsport area has the highest median sold price of $297,500, followed by Union area of $253,750. Matlock area has the lowest sold price of $99,325, followed by Belfair area of $140,000.
Report compiled by PING Real Estate.
Here is the statewide sales stats for the month of October 2009:http://www.nwrealestate.com/nwrpub/common/mktg.cfm
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