Danielle Groeneweg

New Listing in Ferndale!

First time home buyer or Investor ALERT! This home has been remodeled and is very affordable! Perfect layout maximizes the square footage. Huge windows in living room look out onto the bountiful front yard. With a great sized garage for storage, highly functional utility room, and BRAND NEW appliances, this home is just waiting for the perfect buyer. Located in a well established neighborhood walking distance from the schools. Come take a look today! Call Danielle anytime for a showing at 360-483-6490

Existing Home Sales Rise AGAIN in March

Washington, DC, April 20, 2011

Sales of existing-home sales rose in March, continuing an uneven recovery that began after sales bottomed last July, according to the National Association of Realtors®.

Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 3.7 percent to a seasonally adjusted annual rate of 5.10 million in March from an upwardly revised 4.92 million in February, but are 6.3 percent below the 5.44 million pace in March 2010. Sales were at elevated levels from March through June of 2010 in response to the home buyer tax credit.

Lawrence Yun, NAR chief economist, expects the improving sales pattern to continue. “Existing-home sales have risen in six of the past eight months, so we’re clearly on a recovery path,” he said. “With rising jobs and excellent affordability conditions, we project moderate improvements into 2012, but not every month will show a gain – primarily because some buyers are finding it too difficult to obtain a mortgage. For those fortunate enough to qualify for financing, monthly mortgage payments as a percent of income have been at record lows.”

NAR’s housing affordability index shows the typical monthly mortgage principal and interest payment for the purchase of a median-priced existing home is only 13 percent of gross household income, the lowest since records began in 1970.

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 4.84 percent in March, down from 4.95 percent in February; the rate was 4.97 percent in March 2010.

~Courtesy of NAR Walter Molony

1.5 acres w/home under $99,000!

Looking for privacy, serenity and a home all for under $100,000? Beautiful 1.5 acre parcel of land surrounded by trees and down a nice private road. Come live in the manufactured home while you build your dream home on site, or great parcel for recreational use. 2 septic’s on site, water, electricity, and unbelievable serenity! Just minutes from Mt. Baker Hwy, you can be on your way to Mt. Baker or Silver Lake easily. Call me for more info! 360.483.6490

Radio talking about NATIONAL Open house weekend

On April 9th between 10 and 11am, I will be on the Real Estate Radio talking with Mike Kent about the upcoming Nationwide Open House weekend. This weekend is occuring June 4th and 5th across the entire nation. It will be by far the BEST weekend to have your house open for prospective buyers if you are selling your home, and the BEST weekend to house hunt if you are searching. There will be hundreds, if not thousands of open houses to view during this weekend. Keep your eyes and ears open for more information to come!

HUGE Price drop into Short sale status!

Great property, Room for everyone! Located minutes from Lynden, this beautiful home is overlooking 5 ac of pasture land, serene pond, plus is lightly treed for added privacy. Home features open flr plan w/ vaulted ceilings, main floor master w/ en suite, office/den, large bonus rm w/full ba, and so much more. 5 bdrms. and 4 full baths total plus office and bonus rm. Full second kitchen in daylight basement. Large 2 bay shop to keep extra toys. These sellers are motivated! BRING AN OFFER ~Call me for details or to request a viewing 360.483.6490

A look at rising home sales (despite the media’s pessimistic take)

The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels, according to the National Association of REALTORS®.

Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 2.7 percent to a seasonally adjusted annual rate of 5.36 million in January from a downwardly revised 5.22 million in December, and are 5.3 percent above the 5.09 million level in January 2010. This is the first time in seven months that sales activity was higher than a year earlier.
2011 is looking promising with housing starts locally and nationally on the uprise. Add this to rising existing home sales, decrease (although slight) in the umemployment rate, and the continually low mortgage rates available – we are looking at a better year than we’ve seen in a long time. Now is really the best time to a home period.

Gigantic Lot Liquidation Sale!

All parcels and homes being sold by Homestead were just reduced drastically for liquidation! If you have been waiting for that perfect parcel or condo to snag up for the best possible price, now is the time! Their loss, your immense gain! Hurry before they are snagged up by other builders.
For more information, please click on the Homestead tab on the home page. Or call anytime either Julie @ 360.296.6092 or Danielle @ 360.483.6490
We are ready to make your day!

Home Affordability @ highest level in 20 years!

A lot of home buying activity is due to the affordability now out there. The National Association of Home Builders (NAHB) and a major bank reported their index shows home affordability in Q4 of 2010 at its highest level in 20 years. Their measure found that 73.9% of the new and existing homes sold in Q4 were affordable to families making the national median income of $64,400.

~Courtest of Liz Standow
Sterling Savings

Couple this with the unheard of interest rates we are still seeing today and you have a perfect combination to buy your first, second, or even third home. Just in the last 2 months, the market has sped up considerably with buyers beating the pavement and homes pending left and right. Don’t miss your opportunity, call me today to get started! 360-483-6490

Existing Home Sales Forecast 2011

There’s good news in the latest housing market forecast for 2011 from the National Association of Realtors (NAR). After dipping 4.8% last year, sales of existing homes are predicted to grow 7.9% this year, to 5.3 million. The gain for 2012 is forecast to be a little less, up 4.5%, to 5.53 million. The existing home median price went up 0.3% in 2010, a nice recovery from the 12.9% price drop of 2009. For 2011, the NAR sees it rising 0.5%, to $173,000, then another 2.4%, to $177,900, in 2012.

New home sales are forecast to come back more briskly, up 17.7% in 2011, following their 15.5% drop in 2010. The 2012 projection is for a strong 51.1% sales gain, to 565,000 homes. The median price for new homes, which gained 2.2% last year, should go up another 1.8% in 2011, to $224,700, then 1.9% in 2012, to $229,000. The NAR’s chief economist says this rebound in home sales does depend on an improvement in the jobs market. Affordability also matters and in Q4 of 2010 housing was the most affordable on record, according to NAR numbers going back to 1971. The NAR feels the current situation of low home prices along with low interest rates should continue.

~Courtesy of Liz Standow w/Sterling Savings

Near New home w/Gorgeous Bay Views!

This property in the heart of Birch Bay is move-in ready and perfect for either a year round home, or as a second vacation home! Stunning views of the ocean with sunsets that you don’t want to miss! Newly built in 2008, this 1315 Sq Ft home features a custom fireplace, huge kitchen, spacious master bedroom with a VIEW to capture the beautiful Birch Bay sunsets! The outside features a well manicured lawn, beautiful gardens, a wooded area behind for privacy and a fully fenced in back yard!