Mukilteo Real Estate Information

Mukilteo Real Estate Blog

Michael & Leilani McCormick-West

Blog

Displaying blog entries 21-23 of 23

Mukilteo Real Estate Market Heating Up!

by Michael West & Leilani McCormick

 

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 great micro market

by Michael West & Leilani McCormick

 

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.

 

Should I Buy a Home Now?

by Mike West & Leilani McCormick

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.

Displaying blog entries 21-23 of 23

Mukilteo Real Estate Specialists 11917 59th Ave W Mukilteo Wa 98275 425-231-8688. 98275