Mukilteo Real Estate Information

The early spring real estate market here in Mukilteo is really heating up with tons of buyers hitting the market with not enough homes to choose from, it really is a sellers market again big demand low interest rates and not enough nice homes to buy.It is going to be an interesting year for Mukilteo real estate.If you are considering selling your home this is one of the best times we have seen in the last 5 years with some homes going under contract in a week in some neighborhoods, you might want to explore your options.

Money magazine on Monday August 15th published its 2011 list of "100 best places to live in America," highlighting small towns across the country with populations of 50,000 or less. For the annual cover story, which hits stands on Aug. 19, Money looked for places with the optimal combination of job opportunities, fiscal strength, top-notch schools, safe streets, good health care, cultural and outdoor activities, and even nice weather.

Money's editors write, "With the current state of the economy -- and the dispiriting sight of the nation's leaders endlessly battling about how to fix it -- the phrase 'small town' conjures up images of a happier time. When unemployment wasn't above 9%. When people didn't stress out about home values. When school budgets weren't under siege. Those were the days, right?"

Here are Money's top 10 places to live in the United States:

1. Louisville, Colo.

2. Milton, Mass.

3. Solon, Ohio

4. Leesburg, Va.

5. Papillion, Neb.

6. Hanover, N.H.

7. Liberty, Mo.

8. Middleton, Wis.

9. Mukilteo, Wash.

10. Chanhassen, Minn.

Mukilteo home sellers, you have an excellent opportunity to sell your home this season, if you have the right pricing strategy in place from the start! Studies show that the longer a property stays on the market, the less the seller will net upon the sale. It is very important to price your property at a competitive market value for todays market not the 2007 market. Here in Mukilteo home values have dropped between 25% - 30% on average since the peak of the market in 2007. The market is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell.

An Overpriced Home:
· Minimizes offers
· Lowers agents response
· Limits qualified buyers
· Lowers showings
· Lowers prospects
· Limits financing
· Wastes valuable new on the market timing
· Nets less for the seller

When you are ready to sell your Mukilteo home, contact us for a personal market value analysis of your home. No hassles or obligation - just honest advice on how to get top dollar for your home from local professionals who know how to make your home sellable not just another listing sitting on the market all while maintaining 99%client satisfaction!

The real estate market here in Mukilteo is starting to level off and heat up just like the weather Finally! Below is a market chart showing all of the available homes for sale in Mukilteo vs under contract and Sold, the chart shows decreasing inventory of available homes and a steady increase in those going under contract and a steady rate of closed sales.Great news for owning a home here in Mukilteo.

 Click on the link below to see the Chart

<iframe src="http://post2web.trendgraphix.com/FactsAndTrends/Post2Web.aspx?FtId=b958b0fc-d3e2-4cf3-b359-2ff6fef1d56c" width="690" height="600" frameborder="no" scrolling="auto"></iframe>

Mukilteo real estate is a micro market much like any area. How much homes are worth today vs how much they have declined since pre recession peak times literally can be different from neighborhood to neighborhood in the same community. What is selling today and not selling and why can leave a lot of homesellers scratching their heads and can have buyers throwing their hands in the air as why as they continue to read everywhere in the press that it is a buyers market only to see the perfect home receive multiple offers and sell in 3 days. How can this be even here in Mukilteo one of the top 10 most livable small towns in America. See the article at http://www.goo.gl/0n1Fi because only the best deals and or the best homes receive any offers let alone multiple offers. Sometimes the best deal is just a seller who has priced their home correctly for the current market and prepared it properly to be the best home in its price range and its condition. Bottom line, nice homes and the quality of life here in Mukilteo is very desirable good market or bad.

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.