New Home Buyer Guide

Credit score Myths

Myth: Checking your credit score will lower your score. You can check your own credit score as many times as you want without impacting your score as long as you are pulling it from a consumer website or directly from one of the 3 Bureaus.

Myth: I pay for everything with Cash, I have no debt, I have great credit. Absolutely False! This person probably has a N/A for a credit score and most lenders will automatically turn him/her down.

For more credit score mythsemail me at cwahlin@windermere.com
For credit repair and advice – email seanreidloans@gmail.com

98032 Area Market Update

December 2016 Market Update Report

Area: 98032 (Kent, WA)

This is a Snapshot of the local real estate market for 98032 only as of 1.24.17 for Single Family Homes

These Stats Compare  12-2015 Thru 12-2016

New listings are UP 14.4%                Pending Sales are UP 7.6%  

Closed Sales are UP 1.1%    

Median Sales Price is UP 21.3% (Currently $330,000)        

Average Sales Price is UP 16.3% (Currently $323,565)   

Days on Market Until Sale are DOWN From 30 to 25 Days

Inventory of Homes for Sale December 2015 to December 2016 is DOWN  From 23 to 20 Days

Months Supply of Inventory is DOWN  1.6 to 1.3 Months (This is very low)

The summary is that home prices are up and inventory is down over the previous year.  It is taking a shorter amount of time to obtain an offer for a seller. For a buyer, there is less supply or homes to choose from and a Seller has less competition from other sellers.  It is still a Sellers Market