Monroe Washington Real Estate

Good morning

$875,000.

22829 150th Street SE

Monroe, WA 98272MLS #1880095

Beds · 4
Baths · 3( 2 full ·1 half )
3,017 sq ft
Come Home to this beautiful 4 Bed/2 ½ Bath light drenched Craftsman situated on 13, 500 sq. ft. lot. On the Main floor you’ll find Hardwood floors, Chef’s kitchen: high end Appliances, slab Countertops, plenty of Cabinets, Walk-in Pantry+Dining nook; Open Living room w/gas fireplace; XL Primary Bedroom-suite w/firepl, 5-piece Bath w/jetted Tub, walk-in Closet; Dining room, Office, ½ bath + Utility room. Upstairs features 3 large Bedrooms. w/new Carpet+walk-in Closets; Full Bath w/dual sinks+a Large Bonus rm. Central Gas heat+A/C, 3 car Garage. Enjoy territorial Views from your lg fenced backyard. Updates include: new int. Paint; newer tankless hot Water Heater, ext. Paint, Appliances &Fencing. Easy commute, MS connector, Min. to town. Pre-Inspected. Welcome Home!

Cornelia Stein
Broker, Realtor®
Professional Real Estate Services
Sterling Johnston Real Estate
[email protected]
425-283-6159

National Real Estate Sales
Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors.
The supply of homes for sale fell to a record low, down 16.5% from a year ago.
Tight supply and strong demand pushed the median price of a home sold in January to $350,300, an increase of 15.4% from January 2021.
The supply of homes for sale fell to a record low, down 16.5% from a year ago. There were just 860,000 homes for sale at the end of January. At the current sales pace it would take just 1.6 months to exhaust that inventory. A 4 to 6-month supply is considered a balanced market. That is also a record low.
“Seller traffic is very very low, implying that inventory is struggling to make the turn. Realtors are indicating multiple bidding wars are still happening,” said Lawrence Yun, chief economist for the Realtors.
That price is being somewhat skewed by the fact that the bulk of sales activity is on the higher end of the market. Supply is leanest on the low end. Homes priced between $100,000 and $250,000 were down 23% from a year ago, while sales of homes priced between $750,000 and $1 million rose 33%. Sales of homes priced above $1 million were up 39%.
Homes are also selling fast, with an average 19 days to go under contract. One year ago, when the market was also strong, days-on-market was 21.
These sales are based on contracts signed in November and December, before mortgage rates began to rise sharply. The average rate on the 30-year fixed loan was around 3.2% during that time. Now it is just over 4%, according to Mortgage News Daily.
The share of sales made all in cash rose to 27% from 19% a year ago. Part of that may be due to a rise in the investor share to 22% from 15% a year ago.
“The major question is whether rising rates will quench housing demand that stems, in large part, from a demographic tidal wave of young households at key homebuying ages,” said Danielle Hale, chief economist for Realtor.com. “Our expectation is that we’ll continue to see home sales at a relatively high level throughout 2022, as post-pandemic shifts like rising workplace flexibility enable would-be buyers to expand their geographic search horizons and find an affordable place to call home.”
Thinking of selling?
Call me...
Kevin
425-444-HUNT(4868)