2016 was another seller’s market as buyer demand remained high and prices appreciated. Stanwood, WA was at its low in January, with a median home price of $286,500. The summer hovered around $350,000, reaching a high in November at $380,000. Stanwood’s median home price ended the year at $332,000 in December. Camano Island, WA started the year at an elevated median home price of $345,000. … Continue reading 2016 Year In Review
The Fed Funds rate has been at 0% for some time. Since 2010, it has been at or near 0%. Historically, the rate has never been so low. Now that the market has recovered from the most recent recession which started October 2008, there has been talk of raising it. There is no telling when this will happen, but it has been discussed to raise … Continue reading Fed Funds Rate
As a second generation real estate broker, I have a unique understanding of the market. My father has been selling commercial property and mother selling homes in the Greater Seattle area for over 40 years. They have seen interest rates rise to 18%+ and markets cycle every seven to ten years. I began selling real estate in 2005, in the heat of the last market peak and have seen a … Continue reading Real Estate Market Cycle
