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The age-old adage "location, location, location" has long been a cornerstone of real estate wisdom, emphasizing the importance of a property's geographical setting. However, in Northeast Seattle's current $1 million+ market, this notion is evolving. While location remains a significant factor, buyers are increasingly prioritizing home features and modern amenities over mere geography. In recent months, we've seen a shift where updated interiors, energy efficiency, and outdoor spaces are driving buyer decisions. Homes that offer modern conveniences and flexible layouts are selling quickly, even if they aren't in the most prestigious neighborhoods. This suggests that while location still plays a…

Where Architecture Begins: Light by Adrian Willanger

Home Sales in Northeast Seattle: 1st Quarter 2024 The first quarter of 2024 witnessed a dynamic real estate market in Northeast Seattle, marked by robust home sales and diverse property styles. The data collected for this period provides valuable insights into the pricing trends and preferences among homebuyers in this vibrant community. Northeast Seattle, known for its blend of urban convenience and suburban tranquility, attracted a wide array of buyers, from young professionals to growing families. The average selling prices varied significantly based on the style and size of the homes, reflecting the diverse housing stock available in the area.…

In the ever-evolving real estate market, the value of a home extends beyond its square footage and location. Today, homebuyers are increasingly drawn to properties that offer unique architectural elements, such as vaulted ceilings, rustic wood features, functional landscaping, and innovative lighting. These elements not only enhance the aesthetic appeal of a home but also contribute significantly to its overall value. Adrian Willanger, a seasoned industry professional with over 30 years of experience, has observed a notable trend in recent years: homes with distinctive architectural elements tend to command higher selling prices and experience shorter market times. Let's delve deeper…

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall. And if you’re looking to buy or sell a home, this is a big deal. While they’re going to continue to bounce around a bit based on various economic drivers (like inflation and reactions to the consumer price index, or CPI), don’t let the short-term volatility distract you. The experts agree the overarching downward trend should continue this year. While we won’t see the record-low rates homebuyers got during…

As retirement approaches, many individuals residing in affluent areas of Washington State are embracing a strategic relocation strategy to maximize their financial advantage in retirement. Washington State, known for its diverse landscapes, mild climate, and excellent amenities, offers a plethora of affordable destinations that have become increasingly popular among retirees seeking to enhance their retirement income and financial well-being. In this blog post, we will explore some of these enchanting destinations where retirees from affluent areas are choosing to relocate within Washington State. 1. Seattle to Spokane: A Cost-Conscious Transition For retirees accustomed to the high cost of living in…