Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts

Home Sales in Lake Forest Park during July 2023

Thursday, August 10, 2023

The following are properties that sold in Lake Forest Park during the month of July 2023. Data compiled for the Shoreline Area News by the Shoreline Windermere office.



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Home sales in Shoreline during May 2023

Saturday, June 17, 2023

The following are properties that sold in Shoreline during the month of May 2023. Data compiled for the Shoreline Area News by the Shoreline Windermere office.


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Home sales in Lake Forest Park during May 2023

Friday, June 16, 2023

The following are properties that sold in Lake Forest Park during the month of May 2023. Data compiled for the Shoreline Area News by the Shoreline Windermere office.


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Home sales in Shoreline during the month of April 2023 includes a home in Innis Arden that sold for $4.5 million

Monday, May 8, 2023

The following are properties that sold in Shoreline during the month of April 2023. Data compiled for the Shoreline Area News by the Shoreline Windermere office.






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Home sales in Lake Forest Park during the month of April 2023

The following are properties that sold in Lake Forest Park during the month of April 2023. Data compiled for the Shoreline Area News by the Shoreline Windermere office.



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Home Sales in Shoreline during the month of March 2023

Tuesday, April 11, 2023

The following are properties that sold in Shoreline during the month of March 2023. Data compiled for the Shoreline Area News by the Shoreline Windermere office.



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Home Sales in Lake Forest Park during March 2023

Sunday, April 9, 2023

The following are properties that sold in Lake Forest Park during the month of March 2023. Data compiled for the Shoreline Area News by the Shoreline Windermere office.

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Shoreline Real Estate Market - 2022 Year in Review

Sunday, January 8, 2023

2022 Real estate sales and price graph
Courtesy Windermere Real Estate

Happy New Year!

2022 was a story of two different markets. The year started with the January statistics reflecting the effects of frigid weather, coronavirus surge and depleted inventory – only 19 sales with the median price of $875,100. 

As the weather warmed up and our spring market came into full swing, in March we reached a record high median price of $910,000 with 49 sales. April and May followed with increased sales and stable median price of $905,000.
 
Data courtesy Windermere Real Estate via MLS

The second half of the year brought rising interest rates, increased inventory and a corresponding softening of prices. We finished the year with December posting only 21 sales at a $715,000 median price compared to December 2021 with 47 sales and a $780,000 median price.

The MLS statistics show 1.9 months of inventory at the end of December, well below what is considered a balanced market with 4-6 months of supply.

Matthew Gardner, the Windermere chief economist, expects sale prices will continue to decline through the first half of 2023 but, with mortgage rates expected to slowly fall from current levels, they should start increasing again in the second half of the year with a more normalized pace of appreciation based on historical averages.

--Lella Norberg is a Shoreline resident and a Managing Broker with Windermere Real Estate Shoreline. She can be reached at lnorberg@windermere.com



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Home sales in Shoreline during October 2022

Sunday, November 13, 2022

The following are properties that sold in Shoreline during the month of October 2022. Data compiled for the Shoreline Area News by the Shoreline Windermere office.



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Home sales in Lake Forest Park during October 2022

Saturday, November 12, 2022

The following are properties that sold in Lake Forest Park during the month of October 2022. Data compiled for the Shoreline Area News by the Shoreline Windermere office.




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Assessor's Transparency Tool allows property owners to see exactly what they would pay under County and Shoreline Prop 1 tax increases

Saturday, October 22, 2022

King county Assessor John Wilson
King County Assessor John Wilson today released his November 2022 general election Taxpayer Transparency Tool.

It provides each King County taxpayer an individualized accounting of where their property tax dollars go, and the estimated cost of any proposed property tax measure to be voted on.

“Taxpayers have a right to know where their money is going, and what each proposed property tax levy will cost them,” said Wilson. “Property taxes keep going up. We need to make sure the public understands why.”

Measures on the November Ballot:

  • COUNTYWIDE: King County Prop 1: Renewal of Conservation Futures Levy
  • City of Shoreline Prop 1: Maintenance and operations levy for public safety and community services

The tool can be found at http://localscape.spatialest.com/#kingcountyassessor/Tax

Or, there is a link to the tool on left side menu of the Assessor’s web page https://www.kingcounty.gov/depts/assessor.aspx


The Transparency Tool only shows the impact of property tax measures. Other ballot measures, including sales tax measures or benefit charges, are not included.

The Tax Transparency Tool was introduced by Assessor Wilson and first used during the April special election in 2018.

The Tax Transparency Tool was developed for the King County Assessor by Spatialest Inc, a unique enterprise software company focusing on Location, Value and Technology. 

The company also created “Localscape” for the King County Assessor in 2014, a map-based visualization tool that aggregates data to present information. (http://localscape.spatialest.com/#kingcountyassessor/).

The site will show you how much of your property tax goes to each of the agencies listed to the left.



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Home sales in Shoreline during September 2022

Tuesday, October 11, 2022

The following are properties that sold in Shoreline during the month of September 2022. Data compiled for the Shoreline Area News by the Shoreline Windermere office.



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Home sales in Lake Forest Park during September 2022

Monday, October 10, 2022

The following are properties that sold in Lake Forest Park during the month of September 2022. Data compiled for the Shoreline Area News by the Shoreline Windermere office.




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Home sales in Shoreline during August 2022

Monday, September 12, 2022

The following are properties that sold in Shoreline during the month of August 2022. Data compiled for the Shoreline Area News by the Shoreline Windermere office.



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Home sales in Lake Forest Park during August 2022

Sunday, September 11, 2022

The following are properties that sold in Lake Forest Park during the month of August 2022. Data compiled for the Shoreline Area News by the Shoreline Windermere office.



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Property values rose in Shoreline for 2022

Friday, August 12, 2022

Taxpayers to receive valuation notices soon
The King County Assessor’s office has begun the annual process of mailing property valuation notices to taxpayers. 

Notices will be arriving in Shoreline soon. 

Median residential property values rose by 20.6% in West Central Shoreline, and by 22.1% in East Shoreline.

Data indicates that home sale prices and overall home values have risen sharply in most King County neighborhoods and have dramatically spiked in northeast King County.

“Housing inventory for sale remains low, while demand remains very high,” said Assessor John Wilson. 
“The resulting increase in home values is inevitable in this type of market, and that trend is particularly strong on the eastside. 
"While voter approved special levies typically have more impact on property tax increase than do increases in home values, these value increases are so dramatic they may result in noticeable increases in property taxes in eastside communities.”

The total amount of property tax collected is derived from the budgets passed by state, county, and local governments, and by locally approved levies. The value of each property determines proportionally how much each taxpayer will pay of that total amount. When values rise dramatically in some areas, but not all, it can result in a shift, causing some taxpayers to pay more than others.

Each year, County Assessors set values on every commercial and residential property value in the state. These values – set effective as of January 1 by state law – are then applied to the next year’s tax bill. Property values are being set as of January 1, 2022, for taxes due in 2023.



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Home sales in Shoreline during July 2022

The following are properties that sold in Shoreline during the month of July 2022. Data compiled for the Shoreline Area News by the Shoreline Windermere office.





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Home sales in Lake Forest Park during July 2022

Thursday, August 11, 2022

The following are properties that sold in Lake Forest Park during the month of July 2022. Data compiled for the Shoreline Area News by the Shoreline Windermere office.



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Home sales in Shoreline during June 2022

Friday, July 8, 2022

The following are properties that sold in Shoreline during the month of June 2022. Data compiled for the Shoreline Area News by the Shoreline Windermere office.

We are starting to see a more balanced market with price appreciation slowing year-over-year and even slightly declining month-over-month, but overall prices continue their upward trend. We are still in a strong seller's market where homes, on average, are selling in less than two weeks and inventory is still at less than one month of supply.




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Home sales in Lake Forest Park June 2022

Thursday, July 7, 2022

The following are properties that sold in Lake Forest Park during the month of June 2022. Data compiled for the Shoreline Area News by the Shoreline Windermere office.

We are still in a strong seller's market where homes, on average, are selling in less than two weeks and inventory is still at less than one month of supply.



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