Sellers April 16, 2025

How Much Equity Do You Have?

🏡 How Much Equity Do You Have? A 2025 Guide for Homeowners in South Snohomish & North King County

If you own a home in South Snohomish or North King County, chances are your equity has grown significantly in the last couple of years. Whether you’re considering selling, refinancing, or just curious about your financial standing, understanding your home equity is a smart move—especially in today’s market.


📊 Local Market Snapshot (2023–2025)

Snohomish County:

  • As of March 2025, the average sale price is $802,168.

  • Homes are spending an average of just 29 days on market.

  • Median price in February 2025: $740,000 — up 4.2% year-over-year.

North King County:

  • February 2025 median sale price: $848,388, up slightly from 2024.

  • March 2025 median sale price: $862,641, a 5.4% increase compared to the previous year.

These numbers show a steady rise in home values—and that translates to more equity for homeowners like you.


💡 What Is Home Equity?

In simple terms:
Your Home’s Market Value – What You Owe = Your Equity

If your home’s value has climbed and your mortgage balance has decreased, you could be sitting on tens (or hundreds) of thousands of dollars in equity.


🔎 How to Find Out What Your Home Is Worth

The best way to get a personalized, up-to-date value for your home is through a local expert who understands your neighborhood.

👉 Click here to get your free home equity estimate from Bill Jordan, Century 21.

No gimmicks. Just a fast, reliable snapshot of your property’s value in today’s market—backed by local data and insights.


📞 Why It Matters

Knowing your equity can help you:

  • Decide if now is a good time to sell or upgrade.

  • Tap into equity for renovations or debt consolidation.

  • Better understand your net worth and future options.


👋 Let’s Talk Equity

If you’d like a full equity report, a customized market analysis, or just want to explore your options, I’m here to help. Let’s connect and turn your home equity into opportunity.

Buyers April 11, 2025

More Homes Are Hitting the Market Across King and Snohomish County: Is It Time to Restart Your Search?

If you’ve been frustrated by the lack of homes for sale over the past few years in King and Snohomish Counties, here’s some good news: inventory is finally starting to open up, and it might be the perfect time to jump back into your home search.

According to Daryl Fairweather, Chief Economist at Redfin:

“Now is the best time to buy in the last two years. Mortgage rates are comparable to what they were two years ago, and prices remain high. However, there is significantly more inventory . . .”

Locally, we’re seeing that firsthand. Both King County and Snohomish County have posted significant increases in the number of homes hitting the market compared to last year. And while it’s typical for spring to bring more activity, this year feels different — and that’s a good thing for buyers.

New Listings Are Picking Up Steam

Across King and Snohomish Counties, new listings have been steadily climbing each month. In fact, according to the NWMLS (Northwest Multiple Listing Service), new listings were up by over 25% in March 2025 compared to the same time last year in Snohomish County, and King County saw a similar boost.

That’s the strongest listing pace we’ve seen since the spring of 2021. Sellers who may have been sitting on the sidelines are finally deciding to make a move — whether they’re upgrading, downsizing, or relocating. As a result, buyers have more options, less competition, and a better shot at finding the right fit.

Why This Matters for You

If you’ve been waiting for a wider selection of homes in cities like Lynnwood, Bothell, Kirkland, Seattle, Everett, or Shoreline, now is your window of opportunity.

More inventory means:

  • More choices — It’s easier to find a home that checks your boxes.

  • Less pressure — With more listings, you may face fewer multiple-offer situations.

  • A better buying experience — The right home might be waiting for you without the rushed feeling we’ve seen over the past few years.

Of course, the best way to stay on top of the newest listings is to work with a local real estate expert who knows the King and Snohomish County markets inside and out.

Bottom Line

If you’re thinking about buying a home this spring in King County or Snohomish County, now could be the best time we’ve seen in years.
With more fresh listings hitting the market every week, there are more opportunities to find the home that fits your lifestyle — before the summer market heats up even more.

Ready to restart your home search? Let’s connect and talk about the newest homes for sale in your favorite neighborhoods!

BuyersSellers April 3, 2025

What a Recession Could Mean for the South Snohomish & North King County Housing Market

What a Recession Could Mean for the South Snohomish & North King County Housing Market

Lately, recession talk has been dominating the headlines, and with rising economic uncertainty in 2025, many homeowners and buyers in South Snohomish and North King County are asking: What would a recession mean for our local housing market?

Let’s dive into what history shows us—and what you should really expect.

A Recession Doesn’t Automatically Mean Home Prices Will Drop

A common misconception is that a recession leads to falling home prices. While that happened during the 2008 housing crisis, it’s important to remember that was an outlier—driven by a very specific set of circumstances tied to risky lending practices and a housing bubble.

In fact, according to historical data, home prices actually increased in four out of the last six recessions. Most of the time, real estate prices remain resilient or even rise, because housing continues to be driven by supply and demand—not just the broader economy.

Here in South Snohomish and North King County, housing demand has remained strong due to limited inventory and continued migration to the area. Even with some national headwinds, home prices have shown steady, moderate growth, not a sharp decline.

Mortgage Rates Tend to Drop During Recessions

While home prices don’t typically crash during recessions, mortgage rates often do fall. Historically, during each of the last six U.S. recessions, interest rates declined as the Federal Reserve worked to stimulate the economy.

This can be a silver lining for local buyers. If we do enter a recession, mortgage rates in South Snohomish and North King County could dip, offering a more affordable entry point—though it’s unlikely we’ll see the return of ultra-low 3% rates.

What This Means for Buyers and Sellers

For homebuyers, a recession could present an opportunity: slightly lower rates and a less competitive market. For homeowners and sellers, local data shows home values are holding strong—so fears of a market crash aren’t supported by history or current trends.

As your trusted local expert, Bill Jordan with Century 21, I’ve helped clients navigate every kind of market—and I’m here to help you make informed decisions in any economic climate.

BuyersSellers March 28, 2025

4 Things To Expect from the Spring Housing Market

Spring has arrived in South Snohomish and North King County, and the housing market is blossoming alongside it. If you’re contemplating buying or selling a home, now might be the perfect time. Here’s why this season presents promising opportunities:​

1. Increased Inventory in the Local Market

After a period of limited housing options, the number of homes for sale in our area is on the rise. In February 2025, active residential listings in King County increased by 37% compared to last year, and 9% from the previous month, indicating a healthier selection for buyers.

Buyers: With more properties available, you have a broader selection to find your ideal home.

Sellers: The expanded inventory means you’ll likely find suitable options for your next move, and with demand still strong, your current property remains attractive to buyers.

2. Moderating Home Price Growth

As inventory grows, the rapid acceleration of home prices is beginning to stabilize. In February 2025, King County’s median residential sold price remained relatively flat year-over-year, inching up from $914,500 to $915,000, indicating sustained short-term growth.

Buyers: Stabilizing prices provide a more predictable environment, allowing you to make informed decisions without the pressure of rapidly escalating costs.

Sellers: While prices remain strong, setting a realistic price is crucial to attract serious buyers in a more balanced market.

3. Stabilizing Mortgage Rates

Mortgage rates have shown signs of stabilization recently. As of March 28, 2025, the average interest rate for a 30-year fixed mortgage in Washington is 6.63%.

Buyers: Stable rates make financial planning more straightforward, helping you understand and anticipate your future mortgage payments.

Sellers: Predictable mortgage rates can encourage more buyers to enter the market, increasing the pool of potential purchasers for your property.

4. Renewed Buyer Activity

With improved inventory, moderated price growth, and stable mortgage rates, buyer confidence is returning. In February 2025, King County saw 1,644 homes sold, a slight increase from 1,630 the previous year.

Buyers: Acting promptly can be advantageous before competition intensifies further.

Sellers: An uptick in buyer activity enhances the likelihood of selling your home swiftly and at a favorable price.

Bottom Line

The spring housing market in South Snohomish and North King County offers promising opportunities for both buyers and sellers. As a local real estate expert, I’m here to guide you through the process and help you make the most of the current market dynamics. Whether you’re looking to buy or sell, feel free to reach out to me, Bill Jordan, for personalized advice and support.

Sellers March 12, 2025

Lynnwood & Seattle Home Prices Have Skyrocketed – What’s Your Home Worth?

Over the past five years, home prices in Lynnwood and Seattle, WA have risen dramatically. If you own a home in the area, you might be sitting on more equity than you realize. Nationally, home prices have surged nearly 60% since 2019, and the real estate market in the Puget Sound region has followed suit.

Why Have Home Prices Increased in Lynnwood & Seattle?

Several key factors have contributed to the significant rise in home values across Snohomish and King County:

  • Strong Demand & Limited Inventory – With more buyers than available homes, prices have continued to climb.
  • Remote Work Trends – More professionals are moving to the Seattle suburbs, including Lynnwood, seeking affordability and space.
  • Economic Growth – The tech industry and local job market continue to drive home values higher.

What Does This Mean for Homeowners?

If you’ve been thinking about selling, now could be an excellent time to cash in on your home’s increased value. With your higher-than-expected return, you may have more financial power for your next move—whether it’s upgrading, downsizing, or relocating.

How Much Is Your Home Worth?

You may be surprised at the current value of your home in Lynnwood or Seattle. To get an accurate, up-to-date estimate, it’s best to consult with a local real estate agent like me who understands the market trends in your neighborhood.

Thinking of selling? Reach out today for a personalized home valuation and discover what your property is really worth!

Buyers February 27, 2025

Are Investors Actually Buying Up All the Homes?

Are Wall Street Investors Really Driving Up Home Prices? Here’s the Truth About Buying a Home in Today’s Market

Are you struggling to buy a home because you feel like deep-pocketed Wall Street investors are buying up every property? Many prospective homeowners believe that large institutional investors are inflating housing prices and dominating the real estate market, making it nearly impossible for regular buyers to compete.

But the reality is different. Investor activity is on the decline, and the biggest players aren’t as active as you might think. Let’s break down the facts and clear up this misconception.

Most Real Estate Investors Are Small, Not Corporate Giants

A common myth is that large-scale investors are taking over the market. In truth, most real estate investors are individuals or small businesses, not massive corporations purchasing entire neighborhoods. According to The Mortgage Reports:

“On average, small investors account for around 18% of the market, while institutional investors make up just about 1%.”

These small-scale investors are typically everyday people, like your neighbors, who may own a few rental properties or vacation homes. They aren’t the big Wall Street firms often portrayed in the news.

Investor Purchases Are Declining: The Numbers Don’t Lie

So, what about the big investors you hear about in the media? The reality is that institutional investors have been pulling back. At the peak of their activity in Q2 2022, institutional investors (those owning 1,000+ single-family homes) represented just 2.4% of the market. By Q3 2024, this number dropped dramatically to only 0.3% — a clear sign that fewer investors are actively competing for homes.

This decrease in investor activity is a direct result of rising mortgage rates and elevated home prices, making it less attractive for large-scale investors to purchase real estate.

The Wall Street Investor Myth Debunked

Despite the headlines, the idea that Wall Street investors are snapping up all the available homes is simply not true. While some investors remain in the market, they are far less active than in previous years. This means that there are more opportunities for homebuyers like you to find and secure a property.

What Does This Mean for You as a Homebuyer?

Big institutional investors are not cornering the market — in fact, they are buying less than ever before. If you’ve been feeling discouraged about your chances of buying a home, it’s time to take another look at the current market conditions. Connect with a local real estate agent to get insights into your specific area, and you may find more opportunities than you realize.

How does knowing that investors are buying fewer homes change your perspective on buying a home in today’s market?