A Housing Market Riddle

by Coldwell Banker Evergreen Olympic Realty, Inc. on June 23, 2017

We love riddles. A favorite is an ancient one that goes like this. There is a house. One enters it blind and comes out seeing. What is it?

Before answering, here is another about our local housing market. How are there record high home sales with record low homes on the market?

Today’s real estate news is all about low standing inventory of homes. In the past 20 years, it has never been lower. The headline in the graphic above is taken from an industry publication. Seeing such news buyers cannot help feeling frustrated. Most think there is nothing to buy. That is a shame because the news is incomplete and giving the wrong impression.

We are selling a record number of houses. That cannot be possible without a lot of homes for sale. The answer to the housing riddle is that there are a great many homes coming to market – a 7-year high, and one of the best on record.

The challenge today isn’t lack of choice; it is the swift pace of sales. With so many buyers back in the market, well-priced homes don’t last long. It’s why inventory at any moment in time is so low, even with a near-record high number of homes coming to market.

Today’s successful buyers are better prepared for the fast-pace. It takes a different plan of action than just a few years ago. Great preparation slows the process down, so a buyer doesn’t feel as rushed when that right home hits the market.

This leads us to the answer to the ancient riddle: it is a school house. Like the teacher, a big part of what we do is educate our clients on how to achieve better outcomes – in any kind of market. We would love to talk with you or anyone who is looking to buy or sell. With the right knowledge and some smart work, we will solve today’s market riddle.

For more on how to best understand our current market conditions, be sure to check out our Market Minute videos on our  YouTube channel.

{ 0 comments }

2017 Inspirational Educator Award Winner

by Coldwell Banker Evergreen Olympic Realty, Inc. on June 12, 2017

We are thrilled to announce our third Inspirational Educator Award winner, Marianne Lang. Marianne is an English teacher at Olympia High School and was nominated for the award by our 2017 first place scholarship winner Sarah Gindy. We surprised Mrs. Lang during one of her classes and had Sarah share the inspiration for her nomination.

Sarah shared the folloiwng from a letter written to Marianne:

“Mrs. Lang is not only an incredible teacher, but one of the best people I have ever met.”

“Her love for all of her students and her dedication to having genuine relationships with all of us as individuals is something that all of her current and former students admire and cherish.”

“She is always someone who encourages me to reach outside my comfort zone, whether that means applying for my first job, going to New Orleans, or pursuing my love of reading and writing for the rest of my life.”

“I am truly grateful and blessed to have Mrs. Lang in my life!”

Great job Mrs. Lang – you are a large part of why this community is such a great place to call home!

{ 0 comments }

First Place Scholarship Winner – Sarah Gindy

June 3, 2017

Congratulations to Sarah Gindy, our first place winner in our 7th annual What Makes a House a Home scholarship contest. Sarah wrote a very moving essay about a trip she took to New Orleans to help rebuild this community. For the first time in our contests history, we had a unanimous decision from our judging panel on […]

Read the full article →

Second Place Scholarship Winner – Tiffany Townley

June 1, 2017

Congratulations to Tiffany Townley, our second place winner in our 7th annual What Makes a House a Home scholarship contest. Tiffany wrote a touching essay about the emotions surrounding packing up your childhood home to move with her family to Oregon – to begin anew. Her creatively titled essay, The Remains of a Childhood Home, […]

Read the full article →

Third Place Scholarship Winner – McKenna Hooper

May 30, 2017

Congratulations to McKenna Hooper, our third place winner in our 7th annual What Makes a House a Home scholarship contest. McKenna wrote a wonderfully written essay about her upcoming move away from her childhood home to her new dorm room in Texas. Her cleverly titled essay, 2,190 Miles, tells a great story of how leaving home for college […]

Read the full article →

Congratulations 2017 Scholarship Contest Winners!

May 26, 2017

The panel of community judges have announced the winners of our 2017 What Makes a House a Home scholarship contest. Congratulations to the following students, from Left to Right, Second Place Winner, Tiffany Townley, Homeschooled, First Place Winner, Sarah Gindy from Olympia High School and Third Place Winner, McKenna Hooper from Olympia High School.

Read the full article →

A Seller’s Market Buyers Can Love

May 15, 2017

We are in a unique place in today’s housing market. Amidst the strongest seller’s market on record, there is great news for buyers, too. Purchasing a home is much more than just the investment, but we all would like to know we are also making a smart financial move. Even with a great many homes […]

Read the full article →

Market Minute – Housing Market Riddle

May 5, 2017
Read the full article →

What Makes a House House a Home – Scholarship Contest

March 23, 2017

It’s that time of year again! Our annual “What Makes a House a Home” scholarship contest is about to begin it’s 7th year. The contest dates are as follows: Submissions: April 10th, through May 7th Fan Voting: May 8th to May 12th Top Finalists will be announced on Wednesday, May 17th Winners will be announced […]

Read the full article →

May be hard to believe, but Spring is here!

March 20, 2017

It may not feel like Spring, but according to the calendar, we have turned the corner. Looking to bring a little more spring to your front door, look no further. Our friends at Houzz.com have some great tips for the perfect spring plantings. You can see all of their “12 Stunning Spring Container Gardens” by […]

Read the full article →