Seattle Real Estate News June 2018
The Personal Seattle Real Estate News
Seattle Real Estate News June 2018: Improving Inventory Creates Long-awaited Opportunities for Buyers
KIRKLAND, Washington (June 6, 2018) – Member-brokers of Northwest Multiple Listing Service added 14,524 new listings during May, the first time that volume topped 14,000 since May 2008.
“With eyes peeled for potential shifts in a market that’s felt like ‘more of the same,’ the recent uptick in new listings hitting the market catches my eye — the most new listings in more than a decade,” commented Robert Wasser, owner/broker at Prospera Real Estate in Seattle and an officer with Northwest MLS.
Total active listings snapped a streak of 44 months of negative numbers during May when the year-over-year comparison showed an increase of 3.8 percent. That uptick marked the first time members of Northwest Multiple Listing Service reported a gain for that statistic since August 2014. [Read more…]
The Woodinville Vinterra used to be the fertile ground of the Vibrant Plant Nursery. My wife and I went for walks on the southern border of the nursery on the path created by the natural gas pipeline. The path is still there but the nursery is gone.
I took some pictures during the early stages of the development. The nearly flat 33.35 acres were perfect for new houses in one of the best locations on Seattle’s Eastside. Right across the street on the western border of the Woodinville Vinterra is Kirkland’s Kingsgate territory and homes north of Juanita-Woodinville have Bothell addresses. 
KIRKLAND, Washington (May 7, 2018) – Home buyers may be cheered by an uptick in inventory, but the improving supply is unlikely to reverse rising prices, suggest industry leaders from Northwest Multiple Listing Service.
KIRKLAND, Washington (April 5, 2018) – Job growth and a recent run-up in mortgage rates has created an “extremely intense market for each new listing,” stated J. Lennox Scott, chairman and CEO of John L. Scott Real Estate in commenting on the latest statistics from Northwest Multiple Listing Service.