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Local Market Update – June 2020
As we move to the next phase of reopening, life feels like it’s slowly inching back towards normal. The same is true in real estate. Statistics on home sales in May provided the first true picture of the effects of COVID-19. Those reports confirmed the incredible strength and stability of the local real estate market.
- The Stay Home order, as expected, continued to impact the number of sales. However, the market is starting to move its way towards more normal activity. Pending sales, a measure of current demand, have risen every week since April.
- The slight drop in median closed sale price is a result of a proportionately larger number of lower priced homes selling than is normal. It should not be interpreted as a decrease in individual home value.
- There were significantly fewer homes for sale in May than the same time last year. With less than a month of available inventory, competition among buyers was intense. Bidding wars and all-cash offers were common.
The monthly statistics below are based on closed sales. Since closing generally takes 30 days, the statistics for May are mostly reflective of sales in April. If you are interested in more information, every Monday Windermere Chief Economist Matthew Gardner provides an update regarding the impact of COVID-19 on the US economy and housing market. You can get Matthew’s latest update here. As we adapt to new phases of reopening, know that the safety of everyone remains our top priority.
EASTSIDE
KING COUNTY
SEATTLE
SNOHOMISH COUNTY
VIEW FULL SNOHOMISH COUNTY REPORT
This post originally appeared on GetTheWReport.com
New Smart Mailbox Aims to Deter “Porch Pirates”
There’s sadly no denying that the Greater Seattle area region, ranked fifth in Safewise’s “Top 10 Major Metros for Package Theft” list and second in “Amazon package stolen” Google searches, is rampant with “porch pirates” (thieves who target homes and steal packages left on doorsteps).
Now, a smart mailbox is looking to help residents in the Puget Sound region keep their deliveries safe.
Danby Appliances has announced the Greater Seattle Area will be their U.S. launch site of its new Parcel Guard Smart Mailbox.
With this new theft-resistant mailbox, delivery drivers and mail carriers will be able to place packages in an anti-theft drop slot. Danby Parcel Guard locks the slot and sends a notification through the Parcel Guard app that the package is secure. Additional features include wireless connectivity for up to five users on Apple iOS and Android devices, a live motion-activated IP camera, two-way voice communication, tamper alarm, and weight monitor.
Danby Parcel Guard was named a Product of the Year in Canada, one of the Top 5 Most Innovative Products at the Consumer Electronics Show earlier this year, and a Global Innovation Award runner-up from the International Housewares Association.
In the Puget Sound region, Danby Parcel Guard can be found online at mass market and specialty retailers, including Amazon, Best Buy, Costco, Home Depot, Wayfair, and danbyparcelguard.com.
This was originally posted on 425 Business by Antoinette Alexander.
And on GettheWReport.com
