A Tale of Two Novembers
November 2014 was a powerhouse in every sector of our market. The only problem, which
has been inherent in every month, is lack of inventory, only one new listing in November and it went pending in 3 days with multiple offers.
This November 6 homes closed versus only 1 in November 2013 and the average price increase was a whopping 70% from $574,500 in 2013 to an average of $978,000.
As the end of the year approaches it is time to think about some annual maintenance for your home. Here is a short check list:
• Annual furnace service. Make sure your furnace company puts a sticker on your furnace
• Earthquake strap your water heater. 2 straps: this is something a home inspector will
call out during an inspection
• Do a visual inspection of your attic for rodent activity. Eliminate if necessary. *
Remember if you don't find it an inspector will.
• Place Carbon Monoxide monitors on each floor. This is now code in the City of Seattle
effective April 2012
• If you heat your home with oil please make sure you have it insured with the State and
registered through PLIA Pollution Liability Insurance Agency. http://www.plia.wa.gov
Happy Holidays! Kim
NEW LISTINGS
Price Quantity DOM
$600,000 thru $649,999 1 4
Total = 1
Average price = $619,000
PENDING
Price Quantity DOM
$600,000 - $649,999 1 3
$1,250,000 - $1,499,999 1 52
$1,500,000 thru $1,749,999 1 72
Total 3 42
Average price $1,169,667
Average DOM = 42
SOLD
Price Quantity DOM
$950,000 - $999,999 1 57
$1,250,000 - $1,499,999 3 41
$1,750,000 - $1,999,999 1 8
$2,000,000+ 1 10
Total 6 33
Average sales price = $978,000
Average DOM = 33
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