‘Busy’ housing market enters pre-summer phase

‘Busy’ housing market enters pre-summer phase

As the pre-summer market begins, standing out from the crowd is crucial for buyers.

By Erin Flemming

Special to the Reporter

Though it may feel like spring has just begun, when looking at the six phases of the housing cycle — New Year kickoff, spring market, pre-summer, summer market, fall market and winter market — April concluded the spring market. Mona Spencer, branch manager for John L. Scott’s Redmond office, said April’s market was busy, with more new listings on the way as we head into May and June’s pre-summer phase.

In the city of Redmond, homes for sale, sold and pended in the month of April were up over 2018 numbers, going up 108.1 percent, 9.9 percent and 41.2 percent, respectively. Spencer said she thinks May will be a good month for home sales, noting that buyers are entering the marketplace with more confidence. To attract the attention of these buyers, she added that strategic pricing is a must.

“April was busy locally for both buyers and sellers,” said Spencer. “If houses were thoughtfully priced, oftentimes we saw multiple offers. Sellers looking to list their home in the current market should ensure they are working with a broker who is skilled in pricing strategy and knowledgeable about their hyper-local market.”

As the pre-summer market begins, standing out from the crowd is crucial for sellers, who face significantly more competition for the additional listings that come on the market. Spencer said buyers can do so by working with a broker who knows how to represent them based on what sellers are looking for in terms of offer price and terms.

Just in time for Earth Day on April 22, the National Association of Realtors released findings from a national survey of their members focused on eco-friendly home features. A majority of those surveyed said clients were interested in energy-efficiency and sustainable housing features. The report also detailed ways sustainability is influencing real estate, from solar panels to commute lengths.

The Pacific Northwest is known as a particularly “green” area of the country, and Spencer said many local residents are grateful for their surroundings and look for ways to reduce their footprint.

“One way to add value to a home and also have a positive environmental impact is adding solar panels to a home,” said Spencer. “Using the sun to power a home can be a cost savings and also a way to take care of our environment. Another consideration when choosing a home is the neighborhood — many people enjoy walkable neighborhoods where they can enjoy the surroundings and cut down on car trips.”

For many homeowners, an interest in all things green can extend to their front and back yards. Sunny days make for great gardening weather, and carefully planned out landscaping can not only make a home look great, but also potentially increase value for potential buyers. Spencer said hiring landscaping help or developing your own green thumb can pay off if you’re looking to sell.

“Depending on the size of your lot, there are many things you can do to improve curb appeal,” said Spencer. “If homeowners are interested in gardening or putting in a plot for veggies, getting built-in sprinkler systems installed will make yard maintenance much easier.”


In consideration of how we voice our opinions in the modern world, we’ve closed comments on our websites. We value the opinions of our readers and we encourage you to keep the conversation going.

Please feel free to share your story tips by emailing editor@redmond-reporter.com.

To share your opinion for publication, submit a letter through our website https://www.redmond-reporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 300 words or less, we won’t ask you to shorten it.

More in Business

Stock photo
Grocery store workers have right to wear Black Lives Matter buttons

National Labor Relations Board ruling against ban by Kroger-owned QFC, Fred Meyer

Eastside King County restaurant owners discuss challenges with U.S. Rep Suzan DelBene at Pomegranate Bistro in Redmond. (Photo credit: Cameron Sheppard/Sound Publishing)
Restaurant owners discuss labor difficulties with U.S Rep. Suzan DelBene

Experienced service and kitchen staff are reportedly hard to hire as food service reopens.

Dave and Buster's restaurant and entertainment venue looks to hire 130 people to staff its Bellevue venue, set to open in August. Photo courtesy Dave and Busters.
Dave and Buster’s hiring 130 for August opening in Bellevue

Dave and Buster’s restaurant and entertainment venue opens in downtown Bellevue on… Continue reading

Images of dishes from Issaquah’s Umi Cafe posted on the SMORS page. (Photo courtesy of Kristen Ho)
Facebook page promotes minority-owned restaurants across Puget Sound region

Miya Nazzaro used to be a member of Facebook pages that were… Continue reading

The Moe Vegan food truck serves meals at the city of Kent’s annual Community Thanksgiving Dinner on Nov. 21, 2020. Sound Publishing file photo
King County fire marshals offer regulatory relief to food trucks

39 fire authorities have reportedly agreed to standardize fire codes and inspections.

Cash Cards Unlimited partners, left: Nick Nugwynne, right: Cassius Marsh (photo credit: Cash Cards Unlimited)
Former Seahawks player Cassius Marsh cashes in on trading cards

Marsh and his friend open physical and online trading card store as collectibles boom amid pandemic.

Teaser
First large-scale, human composting facility in the world will open in Auburn

“It’s what nature meant us to do. We just do it faster.”

Mayuri International Foods partners, left: Mahidhar Reddy center: Neeraj Poudyal right: Ramesh Bachala (photo credit: Cameron Sheppard)
Mayuri International Foods grocery store to open in Redmond Town Center

The store will include a unique produce selection and an extensive menu of prepared hot foods.

“You stay, we pay,” promotion (photo credit: Bullseye Creative)
The city of Redmond wants to pay you to stay there

New tourism promotion will give $100 gift certificates for local businesses to guests at 8 hotels.

Whole Foods grocery store entrance (Shutterstock)
King County considers grocery store worker hazard pay for those in unincorporated areas

The King County Metropolitan Council will vote during its next meeting on… Continue reading

Screenshot
WA Democrats consider new tax on billionaires

Plan could raise $5 billion from fewer than 100 taxpayers. Detractors fear it could drive Washington’s wealthiest out of state.

Last summer, people took advantage of the outdoor dining along First Avenue between Gowe and Titus streets in downtown Kent. In Phase 2 of the governor’s reopening plan, which was announced Jan. 28, restaurants can reopen at a maximum 25% capacity and a limit of six people per table. Photo courtesy of Kent Downtown Partnership
Restaurant reprieve: State to relax some indoor restrictions

On Monday, area restaurants and certain entertainment venues may resume indoor service, the governor said.