There have been a lot of questions that I have encountered about the stability of the housing market due to the global health crisis of COVID-19. I have kept close track of the statistics and daily activity in our market in order to help keep my clients well informed. Inventory levels remain very tight and buyer demand has started to return since the Stay Home Orders were put in place.
Interest rates are at the lowest point they have ever been, providing amazing opportunities for both buyers and sellers. Interest rates continue to fuel buyer demand and create an audience for home sellers. Recently, rates were as low as 3.33%, which is historic.
Below is a chart that shows the amount of weekly pending sales in 2020 in relation to the weekly pending sales during the same week in 2019.
In King County, you can see that we started the year off with activity similar to the robust year of 2019. In February 2020, there were more sales, but that was due to “Snowmageddon” in February 2019. March 2020 started off in concurrence with 2019, but once the Stay Home Orders were put in place there was a dramatic and expected drop in pending sales activity.
When the Stay at Home Orders were first put in place, showings were not allowed, causing a legitimate pause in transactions. The following week, the orders were adjusted to allow for showings and since then the amount of pending sales has increased each week. Protocols for showings include only two people in the home at one time, by appointment only, while practicing 6-foot social distancing.
These protocols, along with virtual showings and many different digital tools using video, have helped buyers and sellers safely come together in transactions. Agents are getting creative in order to best serve their buyers and sellers during this unique time. This has helped quell demand brought on by interest rates and the many industries still thriving despite recent unemployment numbers. See this video from Matthew Gardner regarding the latest unemployment report and his forecast.
Snohomish County followed the same initial pattern as King County, but has seen a quicker return to 2019 sales levels. This is due in part to the more affordable price points in Snohomish County compared to King. In fact, the days on market for closed sales in April 2020 were quicker by 34% at 21 days, and the list-to-sale price ratio was up 1% to 101% over April 2019. Additionally, the median price is up 3% complete year-over-year. In King County, the median price was up 1% complete year-over-year and days on market quicker by 41% at 17 days, and a flat list-to-sale price ratio of 101%.
Tight inventory started in January and continued due to sellers holding off coming to market amid COVID-19. Available inventory is currently not meeting the buyer demand in the market, especially in the lower to middle price ranges. The higher price points have been affected by the increased cost to obtain a jumbo loan, but are still seeing movement. We anticipate more homes coming to the market as we enter into the different phases Washington State has planned to reopen the economy and remain as safe as possible.
For some, now is the right time to sell, and for some it will be later down the road. The timing, safety, and comfort all need to be assessed along with the market data. What I’m pleased to report is that our market is not crashing. In fact, it is adapting! We will most likely find a balance as we head into the remainder of Q2 and start Q3. Many jobs are set to return as the phases unfold. Unlike the 2008 Great Recession, this is a health crisis, not a housing crisis; see this video from Matthew Gardner on this topic. The numbers are telling that story and so is the recent activity.
I strive for excellence when it comes to educating my clients, especially during these historic times that have created uncertainty. I am committed to providing accurate data and real-time information. Please reach out if you’d like to discuss this information and how it relates to your investment and lifestyle. It is simply my goal to help keep you informed and empower strong decisions. Be well!
We couldn’t have done it without you! Thanks to your generosity, we have surpassed our fundraising goal to benefit local food banks. The Windermere Foundation is matching every dollar up to $3,500, so we will be able to give a total of $7,500 to help feed our neighbors in need.
A portion of this money will go towards buying vegetable starts for the Martha Perry Veggie Garden, which will provide thousands of pounds of fresh produce to local food banks through the summer. Our office will soon get to work helping plant those starts along with the Snohomish Garden Club. We will be in small groups practicing proper social distancing over the course of several days in order to efficiently and safely get this acre of land planted. The rest of the funds will go to the Volunteers of America, who will stretch every dollar to its fullest extent throughout many food banks and food pantries across the county.
This is a portion of a larger fundraiser throughout the Windermere network. The funds are still being counted, but the total amount being given to local food banks is currently over $600,000!
When you shop at a local Farmers Market, you’re buying outstanding freshness, quality and flavor. Knowing exactly where your food comes from and how it was grown provides peace of mind for your family. Plus, you’re supporting a sustainable regional food system that helps small family farms stay in business; protects land from over-development, and provides the community with fresh, healthy food. Find one near you on the list below!
Arlington Farmers Market
Legion Park: 200 N. Olympic Ave
June 1 — August 31
Bothell Park Ridge Community Market
Park Ridge Church: 3805 Maltby Road, Bothell
June 5—September 25
Edmonds Garden Market
Historical Museum: 5th & Bell Street
May 4—June 8
Edmonds Summer Market
Downtown: 5th St from the fountain
June 15—October 5
Everett Farmers Markets
Boxcar Park: 615 13th Street
May 12—October 6
Everett Transit Center: 2333 32nd St
June 5—August 28
Marysville Farmer’s Market
June 22—August 31
Mill Creek Farmer’s Market
City Hall: 15720 Main St.
June 18-August 20
Snohomish Farmers Market
Cedar Ave & Pearl St.
May 2—September 26
Bellevue Farmers Market
First Presbyterian: 1717 Bellevue Way NE
May 16—October 10
Bellevue Crossroads Farmers Market
East Parking Lot: 15600 NE 8th St
June 4—September 24
Issaquah Farmers Market
Pickering Barn: 1730 10th Ave NW
May 4—September 28
Juanita Friday Market
Juanita Beach: 9703 NE Juanita Dr
June 5—September 27
Kirkland Wednesday Market
Marina Park: 25 Lakeshore Plaza
June 7—September 25
Mercer Island Farmers Market
Mercerdale Park: 7700 SE 32nd St
June 2—September 29
Redmond Saturday Market
Redmond Town Center: 7730 Leary Way NE
May 4—October 26
Sammamish Farmers Market
City Hall Plaza: 801 228th Ave SE
May 8—September 18
Woodinville Farmers Market
DeYoung Park: 13680 NE 175th St
May 4—September 28
Ballard Farmers Market
Ballard Ave NW
Capitol Hill Broadway Farmers Market
Seattle Central Comm College: Broadway & Pine
Columbia City Farmers Market
37th Ave S & S Edmunds St
May 8—October 9
Fremont Sunday Market
Corner of 3410 Evanston Ave N
Lake City Farmers Market
125th St and 28th Ave NE
June 6—October 3
Lake Forest Park Farmers Market
Third Place Commons: 17171 Bothell Way NE
May 12—October 20
Madrona Farmers Market
1126 Martin Luther King Jr. Way
May 17—October 11
Magnolia Farmers Market
Magnolia Village: 33rd Ave W & W McGraw
June 1—November 23
Phinney Farmers Market
Neighborhood Center: Phinney Ave N
June 7—September 27
Pike Place Farmers Market
Pike Place & Pine St
June 1—November 23
Queen Anne Farmers Market
W Crockett Street & Queen Anne Ave N
May 30—October 10
Shoreline Farmers Market
15300 Westminster Ave N
June 8—October 5
University District Farmers Market
University Way NE “the Ave”
Wallingford Farmers Market
Meridian Park: Meridian Ave N & N 50th St
May 15—September 25
West Seattle Farmers Market
California Ave SW & SW Alaska St
You can also search for farmers markets in other counties here.
Before planning your visit, be sure to check market websites for possible holiday or weather closures and special events.
We are collecting vegetable seeds and starts for the Martha Perry Garden, where volunteers grow thousands of pounds of fresh produce every year for local food banks.
My office will be spending a volunteer day in the garden for our annual Community Service Day in June. In addition to our labor, we will gift them all of the vegetable seeds and starts collected between now and then.
Partial packets of seeds are gladly accepted! All seeds should be no more than a year old, although fresh seeds are preferred.
Basil, Beets, Cabbage, Carrots*, Cauliflower, Chard, Cucumbers, Green Beans, Herbs, Marigolds, Peppers, Radishes, Summer Squash, Snow Peas, Tomatoes, Winter Squash, Zucchini
Starts of cucumbers, winter & summer squash, cole crops (cabbage, cauliflower, broccoli, kale, etc) are especially welcome.
Drop seeds off at my office through June 6th
4211 Alderwood Mall Blvd #110, Lynnwood
Mon-Friday: 8am-5pm & Sat-Sun: 9am-3pm
Windermere Community Service Day is coming! This tradition was established in 1984 to offer agents and staff a chance to volunteer an entire workday to give back to the neighborhoods in which they live and work.
On June 7th, my office will spend the day with the Snohomish Garden Club working on the Martha Perry Veggie Garden, constructing trellises, staking beds, planting, weeding, labeling and sprucing everything up.
Last year, the Snohomish Garden Club provided 8,000 pounds of fresh produce to the Snohomish and Maltby Food Banks. The land for the garden is generously donated by the Bailey Family Farm.
Don’t miss the spring Home Show at CenturyLink Field Event Center, Feb 23 – Mar 3. You’ll find exhibits about building, remodeling, decorating and landscaping. http://seattlehomeshow.com/show-info/
February is a great time to be indoors at the Northwest Flower and Garden Festival! Feb 2/20-24 at the WA State Convention Center. Find 100 world-class seminars FREE. This is the best event to gather ideas and inspiration. Whether you’re a seasoned gardener or just starting to dig in the dirt, there’s something for everyone! https://gardenshow.com/
Get a Jump on Spring Cleaning
Winter’s not over yet, but spring is right around the corner. Here are some helpful tips to freshen up your house for spring:
Whether you hire an outside professional for help, or tackle the project yourself, now is a great time to get a jump on spring cleaning. Many people wait for warmer temps to start cleaning, but I think most everyone can agree that those weekends would be better spent outdoors, soaking up that sun. So, take some inspiration from the list below to get you started now on freshening up your home for spring.
It will only take a few hours to check everything off this list, and you’ll feel so much better enjoying the last few weeks of winter, knowing that when the warmer weather finally comes, you can get outside and really enjoy it!
Rotate your mattress. Most mattresses need to be rotated regularly in order to even out the overall wear and prolong the lifespan of your bed. However, keep in mind that Sleep Number and Tempur-Pedic mattresses typically should not be rotated. Always check with your manufacturer for their recommendations on your specific mattress. If you own an older mattress with no pillowtop, it should probably be flipped as well as rotated.
Clean your mattress. Strip the mattress of all linens and covers. Start by vacuuming the mattress with the upholstery attachment, paying close attention to crevices and seams. Next, sprinkle baking soda (up to a one-pound box) all over the surface of your mattress. Let this sit for at least an hour, but 24 hours is best. Then go back over your mattress with your vacuum’s upholstery attachment again. If you have a steam cleaner, break it out and go over your whole mattress. The steam will reach further into the mattress than your vacuum is able to, and kills dust mites. *It is generally not recommended to clean memory foam with a steam cleaner.
Organize & clean the laundry room. Clean the outside of your washer and dryer; scrape any dried detergent from crevices. Next, clean the inside of the washing machine. Most newer models have a self-cleaning cycle. If you have an older machine that does not have a self-cleaning cycle, run a cycle with hot water and a quart of white vinegar. After it is finished, clean the detergent dispensers, using a vinegar and water solution and a scrubber. If you have a front-loader, be sure to clean the rubber seal on the door. This area is prone to mold growth, so use an all-purpose cleaner or maybe even bleach to get under and around the seal.
Next, organize a bit. Throw away products you never use, replace damaged sorting bins, and don’t forget to clean out the dryer vent to prevent a fire.
Deep clean the fridge. Twice a year (or more), you should give your fridge a front-to-back, top-down scrubbing. Start by taking everything out and throw away anything that has expired. Next, remove all the shelves and drawers. Put them to soak in a solution of two tablespoons baking soda and one-quart hot water. While they are soaking, wipe down the interior of the fridge with the same solution. Then scrub, rinse and dry the shelves and drawers.
Next, dry the drip pan. Remove the base grill, and pull out the drip pan. If it’s full of water, mop it with paper towels and wash the pan with soapy water. If your drop pan is fixed in place, wrap a cloth around the head of a long-handled brush and use to clean the pan.
Don’t forget the coils. In order to keep your refrigerator running efficiently, unplug it, pull it away from the wall, and use a coil brush or your vacuum’s crevice attachment to clean the condenser coils. This should be done at least twice a year, unless you have pets in the home, and then you should do this three to four times a year.
Clean out spice cabinet. Throw away all expired spices and seasonings. Not only do these lose taste, they actually harbor mold and bacteria.
Clean out expired medications & vitamins If you have unused medications, please take them to your local pharmacy for proper disposal.
Vacuum, wash, or steam window curtains
Wash window blinds
Add color to your table. Treat yourself to fresh flowers while waiting for the spring blooms outside.
And if you’re ready to get some deep cleaning done, check out this blog for the Ultimate Spring Cleaning Checklist.
Nothing feels more like fall than pumpkin picking, hay rides and corn mazes. Get your latte in hand and head out to any one of these great, local farms to have some harvest fun and find that perfect jack-o-lantern to light up your porch.
Times, dates & activities may change. Please click on the name of the farm for more details and a link to their website!
31929 SE 44th St, Fall City
Pumpkin patch, tractor-pulled hay rides, fresh eggs, gift shop, pony rides, picnic area, farm animals
1148 Central Ave N, Kent
Pumpkin patch, corn maze, farm fun yard, hay rides, produce stand, concessions
Fall City Farms
3636 Neal Road, Fall City
Pumpkin patch, tractor-pulled hay rides, fresh honey, pre-picked produce, farm animals, snacks and refreshments.
Fox Hollow Family Farm
12031 Issaquah Hobart Rd SE, Issaquah
Pumpkins for sale, hay bale maze, bouncy house, face painting, haunted house, pony rides, petting zoo, farm animals, concessions
229 W Snoqualmie River Rd NE, Carnation
Pumpkins, horse-drawn covered wagon rides, hay rides, hay bale maze
10819 Carnation-Duvall Rd NE, Carnation
Pumpkins, produce, picnic area, playground
Mosby Farm Pumpkin Patch
12747-b South East Green Valley Rd, Auburn
Pumpkin patch, corn maze, tractor-pulled hay rides, snacks and refreshment stand, picnic area
The Nursery at Mt Si
42328 SE 108th St, North Bend
Pumpkin patch, tractor-pulled hay rides
32610 NE 32nd St, Carnation
Pumpkin patch, corn maze, animal barnyard, pony rides, steam train, hay jump
20306 NE 50th St, Redmond
Pumpkin patch, corn maze, duck races, animal train
Thomasson Family Farm
38223 236th Ave SE, Enumclaw
Pumpkin patch, corn maze, kids korral, tractor train rides, pumpkin sling shot
Tonnemaker Valley Farm, Woodinville Farm Stand
16215 140th Pl NE, Woodinville
You-pick pumpkin patch, you-pick flowers, produce stand, on-site pepper roasting on Saturdays
Biringer’s Black Crow Pumpkins & Corn Maze
2431 Highway 530 NE, Arlington
Pumpkin patch, corn maze, straw or hay bale maze, tractor-pulled hay rides, farm market, picnic area
Bob’s Corn & Pumpkin Farm
10917 Elliott Rd, Snohomish
Pumpkin patch, corn maze, bonfire & picnic area, hay rides, pony rides, playground, concessions
630 Sunnyside Blvd SE, Lake Stevens
Pumpkin patch, train rides, corn maze, haunted corn maze, tractor-pulled hay rides, farm animals, farm market
13817 Short School Rd, Snohomish
Pumpkin patch, corn maze, tractor-pulled hay rides, face painting, farm animals, snacks & refreshment stand
The Farm at Swans Trail
7301 Rivershore Rd, Snohomish
Pumpkin patch, corn maze, pick your own apples, pig & duck races, petting zoo, putt-putt golf and more
Fairbank Animal Farm & Pumpkin Patch
15308 52nd Ave W, Edmonds
Pumpkins, petting zoo, farm animals, picnic area
Fosters Pumpkin Farm
5818 State Route 530 NE, Arlington
Pumpkin patch, corn maze, hay bale maze, corn cannon, pre-picked produce, face painting, farm animals, snacks and refreshment stand, picnic area
8705 Marsh Rd, Snohomish
Pumpkin patch, corn maze, haunted corn maze, tractor-pulled hay rides, jumping pillow and more
Thomas Family Farm
9010 Marsh Road, Snohomish
Pumpkin patch, corn maze, monster truck rides, haunted house, gem mining, Zombie Safari Paintball Hayride, beer garden, putt-putt golf and more
Double R Farms
5820 44th St E, Puyallup
Pumpkin patch, corn maze, hay rides, farm animals, pumpkin sling shot
25001 Sumner-Buckley Hwy, Buckley
Pumpkin patch, corn maze, haunted woods, farm animals, hay ride, trout fishing, play ground
6502 52nd St E, Puyallup
Pumpkin patch, corn maze, hay ride, pumpkin sling shot, concessions
12920 162nd Ave E, Orting
Pumpkin patch, corn maze, play area
9622 SR 162 E, Puyallup
Pumpkin patch, farm animals, face painting, pumpkin sling shot, concessions
It’s not too late! If you’re thinking about planting some fresh veggies but haven’t started yet, you still have time to get things in the ground for a late summer/early fall harvest. On average, the Puget Sound’s frost-free growing season is mid-March through mid-November, so with a little knowledge of when and how to start things, you can still see a bountiful harvest this year.
Some plants can be direct seeded into your garden, while others should be started indoors before being transplanted to your garden space. Deciding what to grow is the fun part! Plant what you like to eat, keeping in mind that some plants do better in our area than others.
Broccoli is arguably one of the most productive veggies you can grow in this area, although it can be vulnerable to root maggots and aphids. Giant Italian Parsley is easy to grow, highly productive, and expensive in the grocery store. Leeks are another that can be costly to buy in the store but trouble-free to grow in your own small space. Chard, Kale, Lettuce and Arugula are all full of vitamins and great for Northwest gardens. Carrots, Snap Peas, Snap Beans, Tomatoes and Basil all taste amazing fresh from the garden and grow relatively well in this area.
Check out the great resources at Garden.org for a full list of when to plant all these vegetables and more. They have detailed timelines for both spring and fall gardening; as well as information on transplanting seedlings vs. direct-sowing seeds.