Why NOW is the Best Time to Sell Your Home

sell

Between there being little inventory available in Anacortes and its surrounding areas and rising prices and interest rates, buyers often waste little time looking and want to purchase a home fast.

A recent profile of home buyers and sellers by the National Association of Realtors (NAR) indicates that homes are selling in about four weeks and for roughly 98% of the listing price, despite prices being about 6% higher.

If you are considering selling your house in the near future, contact us today for a complimentary and no-obligation market analysis of your property.

Jean Groesbeck & Assoc. LLC proudly serves the counties of Skagit, Island, Whatcom and San Juan and Team Groesbeck is available daily at (360) 941-3734, Jean@JeanGroesbeck.com, or stop by our office is located in Old Town Anacortes at 809 7th St.

Where Have All the Houses Gone?

 

 

By Jean Groesbeck

 

Where have all the houses gone?
Buyers have picked them everyone… (Adaptation from Peter, Paul and Mary’s Where Have All The Flowers Gone)

 

The inventory of homes for sale is at record LOW levels! Today, if there is a buyer looking for a one level home between $350,000-$500,000 in Anacortes, there are ONLY 2 from which to select.  2!

 

As a listing broker, my job is to get my sellers the most amount of money within the time frame that works for them with good terms and conditions.  Therefore, I carefully check the inventory for competition, and most often than not, we can significantly bump the price up.  This might not be the case in Spring when we typically have a glut of both pre-owned homes and new construction for sale.

 

If you want top dollar for your home, this is an excellent time to sell.  Call today and we can show you the demand for your particular type of home and what is the most likely selling price.

 

Oh, when will we ever learn?

 

You can reach Jean at (360) 941.3734 or Jean@JeanGroesbeck.com 

2017 Real Estate Market Predictions

Our crystal ball was pretty clear last year!  Predictions for 2016 (written December 2015) for the real estate market were:

  • New home sales will increase as a percentage of sales. ¬†‚Üź We were right
  • ¬†Homes priced right will receive multiple offers. ‚ÜźWe were right
  • Sellers will hold off moving¬†until they find the home they want to purchase. ‚ÜźWe were right
  • More regulations will cause longer closing time frames . ‚ÜźUnfortunately, we were right

2017 is a little more challenging to predict as the impact of the new administration on the housing market is not fully understood.  However, we are willing to make a few predictions for the real estate market.

Feds will raise rates at least .5% by the end of 2017, perhaps more, in at least 2 increases. This will put more pressure on the first time home buyers.  If you plan to purchase using financing, this is time to buy! Contact a home mortgage lender to find out what you need.

The Puget Sound region will continue to outperform the National market. There will be a shift in living trends in the Seattle area – small units or shared housing will grow in popularity.
A second home in a relaxing environment such as Skagit, Island, or San Juan Counties will be increasingly desirable for those that can afford such a luxury.
Overall prices will increase. Those products that have a higher demand will increase at a higher percentage rate.
The value of pre-owned homes will be impacted by new construction in particular product niches.
The market was even stronger than we predicted.  The population of Skagit and Island Counties increased based on job creation and an exodus from Snohomish and King Counties for those looking for a better quality of life.  The military influx of additional squadrons at Whidbey NAS put pressure on entry level and mid range homes in both the Oak Harbor area and Anacortes.  The shortage of housing caused prices to increase at a higher rate than expected for home in those price ranges.

Home trends that are expected to be popular next year include a continued desire for open floor plans, large garages, lots of storage/closet space, neutral colors and energy efficient homes.¬† What used to be a ‚Äúsmart home‚ÄĚ (i.e. the ability to control heating or lighting from your phone) is the norm for newer homes.¬† First floor master suites, always popular with baby boomers, are becoming more popular with Gen-X buyers. ¬†Formal dining space is not needed, but casual dining space must be large enough for entertaining.

If you would like to receive up to date local real estate market information, please contact us; call, text or email and we will gladly send you monthly information on any city in Skagit, San Juan and Island Counties.

info@jeangroesbeck.com

Info@JeanGroesbeck.com (360) 941-3734

Spring 2016 – Real Estate Newsletter

Every quarter, Jean Groesbeck & Associates brings you a Real Estate Newsletter with the latest news and trends in our current Real Estate market in Anacortes and the surrounding areas.

Here is our Spring Real Estate Newsletter. Feel free to share with your friends and family!

Baby Boomers in Anacortes

It seems that nowadays, most of the luxury buyers in Anacortes want durability and low maintenance in a home. Retirees or part-time home owners not only want move-in ready homes, but also low maintenance landscaping, and durable and easy to maintain interiors. Many home owners are replacing carpet with tile or vinyl… YES VINYL! New vinyl flooring that looks so much like real tile or wood that you can not tell the difference unless you touch it and it is a breeze to clean. Engineered wood flooring is also being favored over real hardwood because it is more durable, easier to maintain and it also is Eco-friendly!

Because the luxury market in Anacortes is dominated by baby boomers (born 1946-1964), we see an increase in the demand for main level living homes with views. Jacuzzi tubs are no longer in vogue, and boomers opt for easily accessible showers with multiple shower heads and/or steam. In two level homes, we see buyers prefer a master suite on the main level and a second suite in the upper level where they can enjoy more of a view with the idea that as they age, they can use the suite on the main level to avoid stairs. Another trend is homes built with closets aligned on each level to accommodate an elevator in the future.

Even if you are not old enough to be a baby boomer, you might want to consider these trends so that you are able to enjoy your home for a long time and age in place or even make your home more appealing when you list your home for sale in Anacortes.

If you would like more tips on how to make your home more appealing to the current luxury buyer’s market in Anacortes or if you would like to make improvements to age in you current home with ease, please let us know! We are here to help.

Info@JeanGroesbeck.com

(360) 941-3734

809 7th St Anacortes, WA - (360) 941-3734

809 7th St Anacortes, WA – (360) 941-3734

2015 was a Home Run year for Skagit County

2015 was a great year for real estate in Skagit County.

Take a look at our 2016 Winter edition of Real News! We will tell you why 2015 was a “Home Run” year for our market and we will discuss if the real estate market in Skagit County will continue to improve in 2016.

Interested in market statistics for your area? Let us know! we will gladly share the information with you. Call, text or email us today!

 

(360) 941-3734

Info@JeanGroesbeck.com

809 7th St Anacortes, WA - (360) 941-3734

809 7th St Anacortes, WA – (360) 941-3734

2016 Forecast Highlights for the Puget Sound Region

2015

The 2016 housing market in our area is expected to be fast paced and of solid growth. Here are some market highlights in the Greater Puget Sound Region to support this idea.

1. There have been 174,000 people that have exchanged their out of state driver’s licenses for Washington state licenses in the last 12 months. Assuming there are two drivers per household, that’s 87,000 new households moving to Washington. Roughly 75% of those moved to the Greater Puget Sound region, more than 60,000 new households in Seattle-Everett-BellevueTacoma area.

2. In the last 12 months only 7,500 single-family building permits have been issued.

3. Unlike the last fast-paced market (2003-2007) there is not an overbuilt situation (see #2) allowing for speculative buying and flipping.

4. Unlike the last fast-paced market, buyers must be qualified to obtain a mortgage and second home mortgages are requiring more than 20% down.

5. There is more than 8,000,000 square feet of office space under construction in the Puget Sound Region. Of that, 70% is pre-leased. a. Assuming 110 square feet per employee that means employers are planning to hire more than 70,000 employees in the next 3 years. That is in addition to those who moved here in the last 12 months (see #1 above).

6. Delta Airlines’ location of an international hub at SeaTac will add $10 billion in construction work over the next 8-10 years as SeaTac adds 35 new gates for Delta’s hub. At completion and full utilization that can accommodate more than 840 incoming and outgoing flights per day and upwards of 10,000 new jobs for pilots, flight officers, flight engineers, airline mechanics, etc. All high-paying jobs.

7. While the Fed increased its internal interest rate from 0% to 0.25% a couple weeks ago, it has had almost no impact on home mortgages. That is because the increase was for banks borrowing money from the Federal Reserve and not home mortgages. Home mortgage rates will increase slightly throughout the next 2 years, mostly because demand for housing will be greater than supply.

So yes, we think the 2016 market will be at least as fast-paced as 2015, and the 2017 market will be slightly less fast-paced as more single-family and condominiums become available late 2016 and into the 2017-2018 periods.

(source Coldwell Banker Bain/Seal)

If you would like more information on the current real estate market statistics in your area, please let us know. We will gladly share this information with you and answer any questions you might have on the current market trends in your area. We have access to real estate market information in all counties in Washington State. Call, text or email us today!

 

(360) 941-3734

Info@JeanGroesbeck.com

809 7th St. Anacortes, WA 98221

809 7th St.
Anacortes, WA 98221

Winter is here!

Jingles in the Snow!

Jingles in the Snow!

Winter is officially here and with it a big opportunity if you are thinking of selling your home in Anacortes, WA or Skagit County.

The Holiday season is traditionally a time when real estate activity slows down and takes a break. Not this year! Right now there is very little inventory in the Anacortes and Skagit County area and buyers are frustrated with the lack of inventory selection.

With an abundance of pent-up buyers ready to jump, why wait until Spring? Homes scheduled to be listed in the market in mid-January and early February will most definitely take advantage of those buyers who are waiting for inventory. Homes listed for sale early in the year will have a lot less competition than in the Spring. The lower the competition, the better for sellers.

Right now there’s a pent-up demand for homes since there has not been any new properties coming into the market in the last few months and as a result, there will be a huge pool of buyers by the time we get to February.

Heading into the New Year, if you are thinking of selling your home you will want to consider listing as early as January!

Don’t know where to begin? Do you have questions on the selling process? Please give us a call or send us an email. Our team of full time real estate professionals will be glad to help!

Jean Groesbeck & Associates LLC¬†‚ÄĖ (360) 941-3734¬†‚ÄĖ Info@JeanGroesbeck.com

 

Visit Us Online : www.AnacortesLiving.com

809 7th St. Anacortes, WA 98221

809 7th St. Anacortes, WA 98221

 

A Must See Luxury View Home in Mt. Vernon

Private & gated custom luxury home in Mt Vernon

Are you thinking of¬†buying a new home? Our newest listing in Mt. Vernon, WA ¬†is like nothing you’ve seen before.¬†It is a magnificent home with stunning views, custom design, exquisite details, spectacular light and beautiful views! If you are looking for a home with privacy and acreage, look no further! We have the home for you in the quiet Cascade Ridge neighborhood with a private gate shared with only 1 neighbor!

View

The views from this 4+ acre estate are breathtaking, you are able to enjoy expansive views of the San Juan Islands, the majestic Olympics, and Skagit Valley! Sunsets are a sight to see here at this luxury home! As you pull into the gated circular driveway you will notice plenty of parking space, including TWO, 2 car garage, shop, and RV parking. The beautifully landscaped yard includes lush gardens and a koi pond! The covered patio makes it easy to entertain while enjoying the gorgeous views.

Koi Pond

Inside this luxury home you will find a brilliant floor plan with stunning architectural details. Spacious formal and causal entertaining areas feature 9-11′ coved ceilings with elegant lighting and are divided by french doors. As you enter every bedroom, you are able to see the many different views of the great Pacific Northwest! This home features 3 bedrooms and 3 baths. The master suite includes a huge walk-in closet that is cedar lined and a built-in alcove dresser. In the master bath there are his and her vanities, a soaking tub with a large window above, and much..much more..you must see for yourself!

Family Room

Throughout this magnificent home you will see that it’s all in the details and a MUST see.

Please click here Contact us for more information on this luxury view home in Mt. Vernon!

You can call Jean Groesbeck for a private showing 360-941-3734 or email her at Jean@JeanGroesbeck.com

If you would like to see more pictures, pricing, and details on this home Click Here to view the full listing.

809 7th Street Anacortes, WA 98221

When is the RIGHT Time to Sell Your Home?

Have you been interested in selling your home, but still have hesitation on when is the best time to sell your home? If you have been waiting for the right time to sell your home, statistically, NOW is the right time to list your home for sale on the market. According to Zillow, mid-March to mid-April is the best time to start the process of selling your home.

Here are a few reasons why now is the time to list your home for sale in Anacortes :

  1. 1. Supply and demand

According to National Realtors the level of unsold homes was 4.6 months in February. This means a home will sell in less than five months, a typical sale usually takes between five and seven months. If the housing market is low with inventory, it will benefit you as a seller in a sense that buyers are urged to move quickly on placing in an offer to buy your home.

  1. 2. Fewer cash buyers

In the past few years, all-cash and investment buyers have maintained the real estate market. With fewer all-cash buyers the price growth in the housing market will make for a more stable and sustainable growth.

  1. 3. Increase in interest rates

It is predicted that mortgage rates are going to rise in the near future; this will encourage buyers to make their move in purchasing now, while the rates still remain low.

  1. 4. Rising cost of rent

As the price of rent increases, tenants become potential buyers and want to invest their rent towards owning a home.

Before you decide if now is the right time to sell your home, make sure you have your due diligence in order. Decide if a hiring a real estate agent is right for you (See tips for interviewing real estate agents here). Make sure you are ready to make the commitment in the process of listing your home for sale on the market.

If you are unsure of what the next step in listing your home for sale in Anacortes housing market, please contact Jean Groesbeck at 360-941-3734 or email at info@JeanGroesbeck.com for more information on the value of your home, and information on making the process easier for you. We offer 5 Star Real Estate Services

809 7th St Anacortes, WA - (360) 941-3734