Quorum-Laurelhurst Seattle Real Estate Blog


2010 Update

Happy New Year!
A  year ago I began my end of the year email as “What a year this has been”; well, it’s been another event filled year. The Seattle market continued the decline that began in the spring of 2008.  As a basic rule of thumb, prices are currently at 2005/early 2006 levels depending on location, finish and curb appeal.
The first time homebuyer tax credit definitely helped the market in 2009.  This tax credit increased the number of new home buyers on the market and helped bring the number of homes on the market down.  Now the tax credit has been extended and expanded to even more people.  In addition to new homebuyers, many current homeowners are now eligible for a tax credit. 
Low interest rates were also a benefit to the market.  Interest rates are now the lowest seen in years.  Currently  rates can be found somewhere around mid 4%+ for a 30 year fixed and should continue to benefit the market.  Rates are predicted to be low through at least September 2010. 
We just passed the 1st anniversary of our ownership of Quorum – Laurelhurst, Inc. , and it was a
 wonderful year.  I was prepared for a very bumpy year with the current market conditions, but our office of great agents pulled off a spectacular year.  Our office closed more consecutive transactions at the peak of the summer than it has consecutively closed in 18 years.   We have had lots of in-house changes to help support the agents, we had a new website developed, new printer, new computers, new commission structure, implemented a server and we are in the middle of an office remodeling project.  There is so much to look forward to in 2010 with such a great start in 2009.
I am excited about the possibilities and adventures that are headed our way for 2010.   If I can be of assistance with any of your real estate needs, please don’t hesitate to contact me or drop in and see our changes. 
Thank you again for all that you have given to me in both friendships and in my career.   I wish all of you a fabulous and successful New Year. 
Posted 2010-01-01