Welcome to Friday, FWL readers. Here’s a little drive-by dance to get you in a weekend mood. Creative! On to my sweep…
Weekly sales on Windermerestats.com are updated through Wednesday 4.15.2020. A handful of digestible bites below in recap within the weekly #’s.
Note: if you’d like to look at the weekly #’s yourself and drill down to a specific mls area > go to Windermerestats.com, login and go to the weekly tab (upper left on homepage). Need April password? text me: 206.227.7133
King County pending residential sales are down 42% (367 this year vs 635 last year). *up from last week (309 last week)
In-city/Seattle pending residential sales are down 41% (124 this year vs 209 last year). *up from last week (106 last week)
Eastside pending residential sales down 48% (96 this year vs 185 last year). *up from last week (67 last week)
*The Eastside is down more than King County likely due to its’ higher price points.
Based on what I’m hearing, as the Stay order continues expect more new listings and more new sales. We are deeper into in our Stay order and yet I expect people will slowly become more comfortable working within our restrictions + limitation from Gov. Inslee. If choosing to perform real estate activities outside of your home, please continue to take extreme caution (masks, gloves, social distancing, normal body temperature) to keep the community, your clients, and yourself safe. Go Slow + Do no Harm.
Difference between the VCR & Streaming Movies ? Or better yet, difference between 2008 Great Recession vs 2020 current Covid-19 health crisis?
Steve Harney, on April 7th 2020…
…“What we’re going through right now is like a snowstorm. There’s six feet of snow on the ground, it’s still snowing but eventually the snow is going to stop – and after that, the snow is going to melt. All the buildings are still intact. I’m not saying we’re going right back to the way it was immediately, but it’s not going to take us long. We don’t have to rebuild anything. We just have to get back to work. Another analogy I like to use, remember the VCR? We used to have this little cassette and we’d plug it in. We couldn’t stream movies. We actually had to buy a cassette with the movie on it. Well, if we use that metaphor or analogy going back to 2008, someone took their VCR and smashed it with a sledgehammer and it took us a long time to put it back together again; the electrical, wiring and everything. This time around, we’re watching a streaming movie. Someone hit the pause button. As soon as they let us hit the play button, there’s no restructuring. We just have to get back to work.” – Steve Harney, Keeping Current Matters
KCM’s April market report is 34 minutes. Steve Harney again takes us beyond his analogies and backs everything up with research. As Steve has coined, “keeping current does matter.” I’d suggest adding to your late cup of weekend coffee. Being a voice of reason during uncertain times will be remembered by your people. No greater time to bring the heart of a teacher (educator) into your real estate craft. KCM has helped me along the way. If you do not have a KCM account…
Go to keepingcurrentmatters.com and take advantage of the 14 day free trial. Worth it! Or text me: and you can check it out under my account.
That is a wrap for this week. It’s go time in finding our reasons to dance heading into the weekend. Control what we can control. Dancing we can control, right!?! Again, drive-by dance to get you in a Stay Home, Stay Healthy weekend mood…
Committed to “calm + caring thru crisis.” All in, for you. All in, for us.