North Sound Property News

Recently, real estate law in Washington state was significantly changed with regard to seller disclosures and buyer’s need to verify all information disclosed.  The burden now falls on the buyer to verify to their own satisfaction all information in the Seller disclosure, as no longer can a buyer sue a seller for negligent misrepresentation. 
 Once, if […]

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So many books and articles have been written about the various ways to make money off of doing fixer flips that adding another to the pile hardly seems necessary.  However, few articles talk about the potential downsides of this investment strategy.  And with the market currently going through a period of correction, some people see opportunity […]

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Overview of the Mukilteo market in September:
September’s median sale price is down from August’s $590,750 figure to $549,950.  With a larger premium on Jumbo loan rates and the summer buying season over, we are seeing less activity in the $1 million and up price range, which is resulting in lower median price.  The following chart illustrates movement in […]

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As I posted elsewhere, the market in Mukilteo and Everett is taking a beating.   Prices are sticky on the way down (not much movement there) but sales have slowed down, while listings and market time continue to rise.
 We are truly in a buyer’s market now.
And yet, the ironic thing about a buyer’s market is that […]

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