It’s pretty early for me to be evaluating the accuracy of my predictions for the 2010 Maple Valley Real Estate market, but then again we’re talking about moi. When I go “on a diet”, I weigh myself that afternoon (and the next morning and the next afternoon ’cause you just never know, right?). When we want to paint a room, I put a plate size swatch of color on every wall….just to envision it and then am good. Tell me you have a secret? I’ll probably get it out of you. In other words, I’m not a very patient person. So, while working on some stats tonight for the Maple Valley real estate market, I decided to take a sneak peak and see where my prediction about the final number of SOLD homes for ’09 fell…. and well what…..d0…..you…..know…..? I was right on in my final estimation of closed sales for the year. Maple Valley had 426 single family homes close in 2009. (Listed and sold through NWMLS ). Part of my prediction for number of units sold included a prediction for the final number of closed sales for ’09: My guess is we will be somewhere around 425-430 once
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Eight Predictions for Maple Valley Real Estate Market in 2010
In honor of having survived completed two decades in service to the real estate industry, I thought I’d step out on a limb and publish my first ever official list of predictions for our local real estate market here in Maple Valley, WA. Here’s how I see things shaking out for 2010 (in no particular order): Short Sales will continue to put downward pressure on pricing Currently 20% of our active inventory are short sale listings, however they account for 54% of pending sales because their prices are so attractive. Buyers will only step into the short sale pit if there is financial incentive…meaning, if they get more home for a lower price in exchange for their willingness to be patient and risk having nothing in the end. What this means to “regular sellers” is that you’ll get more for your home than the short sale down the street, but it’s tough to ask a buyer to pay 20% more for the same exact house. Don’t kid yourself, short sales affect everyone’s home value. Cash will be King Our market has often followed that of Northern California, albeit lagging by about 9 months or so. A year ago, the East
Are You a True Seattlite?
Normally I like to post photos on my photo blog but this one was just too fun for anyone to miss. I snapped it this Summer while my husband and I were having lunch in Pioneer Square. The easel sits outside a floral shop. Whether you’re a transplant to the area or a native, you’ve got to appreciate the truth when you see it! I know I’m guilty of all of them!