Northwest Real Estate Blog

April 2012 Edmonds Real Estate Market Conditions

Jim & Judy Hopper — Tue, 10 Apr 2012 15:13:00 GMT

I have been warning my clients for a number of months now that they should be expecting to see the market change from a buyers’ market to a sellers’ market. In addition that they could anticipate some appreciation will start to be seen in the next ...(Continued)...

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March 2012 Edmonds Real Estate Market Conditions

Jim & Judy Hopper — Tue, 20 Mar 2012 13:35:00 GMT

Inventory in Edmond continues to drop and price per SQ FT is holding. During the last month the inventory has continued to drop and being in a multiple offer situation is not a surprise anymore. The slight increase in interest rates seems to have ...(Continued)...

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February Market update for Edmonds

Jim & Judy Hopper — Sat, 11 Feb 2012 16:03:00 GMT

The next few months are generally considered the best months to buyers sell in the Puget Sound region. You’ll see a number of new listings coming on the market and activity for buyers is also higher. Currently in Edmonds within the price range from 300,000 to 500,000 there are...(Continued)...

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January Market update for Edmonds

Jim & Judy Hopper — Mon, 16 Jan 2012 13:19:00 GMT

Market in Edmonds is in the transaction phase. Here is the supporting information and
explanations. Consider that the price range of $300,000 thru $550,000 leads the
market as an overall advance indicator. Here is what that is telling us now: ...(Continued)...

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Edmonds December 2011 Market Watch

Jim & Judy Hopper — Fri, 30 Dec 2011 12:50:00 GMT

One of the more interesting things that happen when the market starts to change is that there is some disbelief or uncertainty by the parties that are coming into control. It is like they are just testing the water. Below is a chart that provides some insightful information. ...(Continued)...

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Edmonds Market Watch

Jim & Judy Hopper — Sat, 19 Nov 2011 14:53:00 GMT

Have ever wondered what how much difference is it if you live in the bowl area of Edmonds as compared to the surrounding area? The latest data for October 2011 shows that the difference in the amount of time it took to sell a home in the zip code of 98020 as compared to the 98026 was substantial. The market time for similar priced homes with the Edmonds zip code of 98020 that closed in October was 74 day. This compares with 138 days for 98026. That is almost ½ the market time of 98026 also of interest is that the Percentage of the sale price compared to listed price is consistently higher as well.

Below are the current stats for both zip codes combined.

Residential

Pending Sales 2- Bedrooms 3 Bedrooms 4 Bedrooms + Bedrooms All Bedrooms

# Units 6 32 24 8 70

Average List Price $184,125 $309,332 $433,994 $380,988 $349,531

Average Market Time 69 89 59 144 83

Average Square Feet 1,542 1,714 2,490 2,627 2,069

Sold

# Units 14 127 74 26 241

Dollar Value $3,661,085 $41,302,705 $28,591,591 $12,733,61 $86,288,991

Average List Price $267,054 $338,109 $402,357 $499,845 $371,158

Average Sold Price $261,506 $325,218 $386,373 $489,754 $358,046

Average Market Time 28 74 63 55 66

Average Square Feet 1,423 1,807 2,486 3,111 2,134

% of List Price 99.28 96.85 96.79 98 97.07

Let me know if you find this of interest.

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Typical Interior Shoot

Jim & Judy Hopper — Mon, 21 Mar 2011 12:54:00 GMT

What I do for a typical interior shoot.

Start with taking the lighting measurement so that the outside (windows) are the way you want. You can chink your shots using the histogram until that looks good or use an incident light meter. If the home has a view then you want to...(Continued)...

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Photography Opportunities in Edmonds Wa

Jim & Judy Hopper — Tue, 11 Jan 2011 15:36:00 GMT

Edmonds is one of the most photographed cites in the entire Northwest, probably ranking second only to Seattle. Its diversity offers...(Continued)...

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Quality Residential Photography

Jim & Judy Hopper — Thu, 16 Dec 2010 11:41:00 GMT

High Impact Photography

High Quality photos are perhaps the most important marketing tool we have. They are the primary reason...(Continued)...

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Choosing House Colors

Jim & Judy Hopper — Tue, 26 Oct 2010 15:25:00 GMT

Win a $10 Starbucks gift card!

First person to identify the location of this Lynnwood home and email us with it's address wins a $10 Starbucks gift card.
PS/ You might want to avoid this color! The neighbors are not pleased.

(No Agents please)

Painting Questions
One of the questions that often comes up relates to painting the home before it is listed. Should I paint now or wait and see if the buyer will call for it after the inspection has been done? Followed by "what color should I choose"?

Because of the number of homes that are on the market that are competing for your buyer, it is best to have as much street appeal as possible. The choice of which home to view follows a pattern.

The buyer will either create a search or have one created for them that defines:

Location
Price Range
Minimum number of Bedrooms and Bathrooms
Building Size (SQ FT)
Lot Size if it is a concern.

Very seldom does the order change. Once entered they are presented with a number of choices by way of Photo's on what is available. If you home is not compelling enough to catch their interest, it may be that they will not want to visit it in person. Street Appeal is at 15% of the buying decision. In this market I would make sure that the front has a fresh coat of paint if the weather will allow it.

What Color?

Neutral Colors are by far the safest and I would shy away from bold or dark colors especially in the Northwest where we have cloud cover much of the time.

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