Coldwell Banker Danforth is open & thriving!

Click on the Video below to hear Dave Danforth disuss oiur COVID-19 response and how we are here to serve you.

Click on the video to view Dave Danforth discuss our COVID-19 response

We are open for business and have the tools & best practices to serve you, now and in the future. Contact Kurt Kreager to discuss how we may help you buy or sell your home. Click here for a free Home value estimate with a monthly update compliments of Kurt.

Real estate activity holds steady in a COVID-19 world.

As expected, the results from March were varied as the full impact of COVID-19 was yet to be determined. March 2020activity was on pace to mirror March 2019 and ended just slightly down by -1.5%.

(Click link to see graph):

Brokers were temporarily on the sidelines due to the Stay at Home order allowing only those brokers with contracts pending able to work to satisfy buyers and sellers obligations. This was later revised to allow showings, inspections, etc, with strict restrictions in place. Only two persons in a home (including broker), No Open Houses, work remote if possible, to name a few. The result of this was some sellers pulling homes off market, particularly occupied homes. Other sellers rushed to market. Buyers thought they had hit the jackpot and came out in droves, looking for bargains. The result is a continued strong market, for sellers and a continued frustrating market for buyers. Cash deals, over asking offers and short market times are still occurring, particularly in strong markets like Bellevue. Although the full extent of this will not be determined until Aprils numbers are in, but I expect volumes down slightly but those deals that do happen will be at or near asking with short Days on Market.

Going forward, as restrictions relax and people return to work, expect a flood of both houses and buyers to occur. Sellers will need to be extra sharp going forward and use brokers who use 3-D virtual tours, high quality pictures and are prepared to go the extra mile in service. Buyers need to be extra prepared, have financing pre-underwritten and use a broker who is adept at buying in a virtual world. My experience at buying homeS sight unseen during the foreclosure crisis has given me this skill.

Call or email to schedule a virtual meeting with Kurt Kreager by clicking these links : 425-829-4270

COVID19 / Real estate update

It is amazing how much the world has changed in 3 short weeks. Real estate in the Seattle metro area is no exception. Open Houses are being cancelled, in fact NWMLS (Northwest Multiple Listing Service) has disabled the ability to advertise Open Houses for the time being. But that does not mean Real Estate deals are not happening. A quick check of the NWMLS site shows 750 new listings, 1433 contracts written and accepted (Pending) & 638 closings -ALL IN THE LAST 3 DAYS!!

Both of my upcoming listings are on track for early April, but we will now have to be creative in our approach to marketing. Video tours will be more important and each home will be equipped with sanitizing supplies.

Sellers should expect a bit slower closing times but limited inventory still is working in their favor.

Buyers should realize this is an opportunity to be aggressive in their search. Using the Coldwell Banker search engine will allow us to collaborate on listings in real time with minimal face to face contact. Go to Kurts search sign up page here to create an account.

And, of course, I will come out and show properties as long as we practice safe distancing and we both are not showing signs of illness.

In closing, STAY SAFE, and call or email me if you have any needs. real estate or not, I am here to serve you!