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bellevuebuyeragent.com

October 2019 Issue
425-503-0300
Real Estate Service for Bellevue and the Eastside
October newsletter

Happy Fall!

While the weather has been cooling, the market seems to be a bit busier than normal. And there was a lot of good news for King County this month with Seattle area voted one of the top real estate markets in 2020 by Urban Land Institute, the best cities to live in by Money Magazine (Redmond came in #12) and Seattle being named one of the top cities to invest in by FOX Business. Finally, if you’re a homeowner, don’t forget to pay your property taxes by the end of this month.

Rhonda Morton 
Real Estate Professional

Real Estate Service for Bellevue and the Eastside
Serving with Purpose
Keller Williams Eastside
425-503-0300
bellevuebuyeragent.com

Looking for a Good Pumpkin Patch—Check out These Eastside Gems

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Baxter Barn
31929 SE 44th St
Fall City
Baxterbarn.org

Carpinito Brothers
27508 W. Valley Hwy N
Kent
Carpinito.com

Fall City Farms
3636 Neal Rd
Fall City
FallCityFarms.com

Fox Hollow Farm
12123 Issaquah-Hobart Rd SE
Issaquah
FoxHollowFamilyFarm.com

Remlinger Farms
32610 NE 32nd St.
Carnation
RemlingerFarms.com

Serres Farm
20306 NE 50th St.
Redmond
SerresFarm.com

Thomasson Family Farm
38223 236th Ave. SE
Enumclaw
ThomassonFarm.com

Happy Halloween ~ Make it a safe one!

Market News

The market often slows in the fall and gives buyers a time to catch their breath. But this year, I have seen more multiple offers, especially on “turn-key” homes not in need of much updating. Mortgage rates remain at three-year lows which may be part of the reason. These historically low rates open the market for first-time buyers, while existing owners may choose to take this time to cash in on equity and upgrade without increasing payments. Read on!

Northwest Multiple Listing Service

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Northwest MLS Brokers Say Transition to Fall Creating Opportunities for Buyers

Northwest Multiple Listing Service brokers reported year-over-year gains in pending sales, closed sales and prices, but its report summarizing September activity also showed an 18% drop in inventory compared to a year ago.

“The transition into the fall housing market creates opportunities for homebuyers,” suggested J. Lennox Scott, chairman and CEO of John L. Scott Real Estate. “Although there are fewer listings than what buyers find during peak summer months, there is also less competition” for the available inventory, he added.

Click here for the full report

This is not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage. All information was current on Oct 15, 2019.


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