September, 2023

Hello September! What a summer! I hope you all enjoyed this season and were able to relax and have fun with friends and family! It's been a roller coaster ride in the real estate market. Interest rates are high, making homeowners hold onto their home at their current low rates. This is leading to a low inventory. However, the demand interestingly enough is still pretty high as current buyers are being more realistic and expanding their search to stay within their means. Thus, we are seeing wins on both sides. New construction is in hot demand with builders trying to catch up. Regarding the prices of homes, don't just read the headlines, read the bottom lines! Essentially, it varies on where you're looking. King County is up just a bit but areas such as Pierce and Snohomish County, prices have decreased. Again, as long as a homeowner properly preps their home right for the market, it will garner results and still seeing multiple offer scenarios. On the flip side, buyers are seeing more homes that have an opportunity to negotiate down on price especially if its past the "ideal window" of selling a home within 14 days. Don't miss out on a great listing below and also message me for "Off Market" opportunities in Sammamish, Kirkland and West Seattle. If your curious on when it's the best to sell or buy a home, reach out to me with any questions! Have a great rest of September. Show me the money! Interest Rate Updates Buckle up, we had lower than expected jobs added and was at a level not seen since March of 2021 at the beginning of the pandemic. Consumer confidence was also lower than anticipated. This had the 10-year bond yield lowering and rates trending lower as well. The good news is that this is positive news and what the federal reserve wants to see. This indicates that things are slowing and is also an indicator that inflation will trend lower as well. For now, rates are slightly lower. We have GDP, unemployment, manufacturing, inventories, and the Fed speaking on Friday. These are all indicators and data that can and will influence the markets and interest rates. The good news is these are all good signs of inflation taming and we should see rates start to come down even more if data continues this path. Stay tuned and I will keep you updated if I see any significant changes. Current rates listed below. Jumbo portfolio rates today and posted closest to par. Portfolio rates can be used on conventional loan amounts. 30 year fixed rate was at 6.625% APR 6.712% 10/6 fixed rate was at 6.375% APR 6.378% 7/6 fixed rate was at 6.250% APR 6.268% Conventional loan rate. 30 year fixed rate today was at 6.75% APR 6.792% VA loan rate zero down 30 year fixed rate was at 6.50% APR 6.589% *Rates shown are for purchase loans only and is subject to change without notice. For other loan options, I'm happy to refer you to a trusted lender where the shared information above is from*

Hanging loose with the family! Aspuria Family Update It's been an amazing summer of adventures as we capped it off with a trip to Seaside, Oregon for the annual largest beach volleyball tournament in the U.S. and of course spent some time in Cannon Beach. September also meant Ruby's 1st day in pre-school! Can you believe it? Our baby girl is growing up and she was sooo excited! Don't blink they say as they grow up too quick! Real Estate in the News

Seattle’s historic Smith Tower is for sale One of Seattle’s oldest skyscrapers is looking for a new owner. “Priced at a historically attractive basis, Smith Tower represents a unique opportunity to own a prominent piece of Seattle’s rich and storied history… and its promising future.” Seattle Times

Word Around the Block

10 Sensational Bagel Shops Around the Seattle Area There’s no hole in the center of the Seattle bagel scene. Seattle already had a burgeoning bagel scene before the pandemic, but thanks to renewed efforts by some very craft-focused chefs, coupled with the long-awaited brick-and-mortar arrivals of heavily hyped pop-ups, the region now offers a bounty of bagel options worthy of consideration by even the most ardent Northeastern purist. Eater Seattle 22 Of The Best Things To Do In Seattle This September As we prepare to say goodbye to summer in Seattle, our thoughts start to turn towards cooler weather, hot drinks, delicious meals, spooky fun, and cozy indoor activities. Get ready to have some fun this month, and don’t miss these incredible events around town! Secret Seattle Local Events

Washington State Fair September 1-24 Puyallup Find animals, rides, rodeo, food, and entertainment at Washington State Fair, the largest, oldest, and most popular fair in the state! Washington State Fair

Fremont Oktoberfest September 22- 24 Fremont Seattle largest Beer Festival. Fremont Oktoberfest offers 100 Craft Beers, German Beers, Cider, Food Vendors, and Bands. Fremont Oktoberfest Featured Listings

5907 111th Place Northeast - Haughton - Kirkland, WA 5 BD 6 BA 6410 SF $3,288,000

Jesse Aspuria Broker M: 425.780.9291 jesse.aspuria@compass.com

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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