It’s Friday! | Let’s sweep

Six – welcome to Friday! Whew, a short week yet an intense week as we continue to navigate this local market. Let’s take a quick sweep, together – at a glance for this week > #’s you should know (June 2016) +  Summer Splash + Kicks for Kids drop off location. Join me and our offices hosting our Summer Splash, August 20th at Green Lake – if you can’t go – no problem, send your people! Super fun.

This week, the “science” | The NWMLS June 2016 statistical data was released this week – signaling us to update our Seattle statistics as well. A few talking points + #’s you should know as you continue to master being the smartest brokers boots on ground in the local marketplace. According to the NWMLS, for Metro Seattle (140 + 380 + 385 + 390 + 700 + 705 + 710)…

June 2016 vs. June 2015 | % Change included

• Median Active List Price | $817,215 vs.  $728,699 | up 12%
• Pending (MTD) | 911 vs. 893 | up 2%
• Pending (YTD) | 4,500 vs. 4,832 | -7%
• # of Closed sales (MTD) | 852 vs. 857 | -1%
• # of Closed sales (YTD) | 3,532 vs. 3,737 | -5%
• Median Closed Sales (YTD) | $647,841 vs. $551,225 | up 18%

• MLS figures show there is a 0.6 months of supply inventory our collective Metro Seattle areas. How does each individual Metro Seattle neighborhoods stack up in months of supply? Click here for Seattle statistical graphs by area.
• A recent report from CoreLogic, indicated home prices are rising faster in WA than in any other state in the nation.

…activity continues at a brisk pace, and now Brexit (Britain’s vote to exit the European Union) may contribute to an uptick in home sales, according to some brokers and industry watchers…

• “Demand for U.S. real estate could rise,” said Lawrence Yun, chief economist for the National Association of Realtors. He attributes uncertainty before the Bretix vote as likely reason the Fed Reserve decided not to raise interest rates in June and said the U.S. could face an influx of foreign buyers looking to pull out of the U.K.
• “Uncertain economic times almost always lead to a “flight to safety,” which means global capital pouring into the United States bond market at an aggressive rate. This ultimately drives down mortgage rates and makes it cheaper for home buyer to borrow money.” – our OB Jacobi on how the U.S. housing market could end up benefitting from Brexit.

Summer Splash + Kicks for Kids | Looking for a reasons to touch base with your people this summer? We have created one for you! This annual event has grown each year – we now have it dialed in! I’ll be there, join me. There will be a Gentle Giant moving truck at the event again this year and can be a drop off location for people to bring “Kicks for Kids”! Win/win.

Marketing (“flow”) materials ready for you – we’ve dropped them in our Jacobi 6 file on WORC. Designed just for you. ***Remember where that is? Let me help – let’s make it a habit…

WORC > office tab (upper left) > Jacobi six > Client Flow marketing > 1. Client events (summer splash + kicks for kids folders)

Here to help, always the ultimate goal. Give me feedback along the way – please leave me a note on this blog. I will be sure to respond to you. Let me know what content you are liking, what you want more of or less of. This content is specifically geared for you – Sand Point + Wedgwood + Northgate + Eastlake + Madison Park + Ballard – our six! We are grateful you have all chosen Windermere. We are all here to help. Shout if you need anything, have a wonderful weekend in productive summer work + play.

Laura Smith, General Manager | Windermere Real Estate Co + Northwest, Inc.