Cocktail of the Season:

Blood Orange Cocktail

Ingredients:

  • 2 ounces strained blood orange juice

  • 2 ounces orange liquor

  • 4 ounces champagne, prosecco or sparkling wine

  • Red sugar to rim the glass (optional)

Directions: 

Using a cocktail glass, rub the edge of the glass with an orange wedge and then dip the glass into a plate with red sugar.
Add 2 ounces of the orange liquor and then 2 ounces of the blood orange juice and top with the prosecco.
Garnish with a slice of blood orange.

ENJOY!

 

The Dish on the Market: Winter Edition

King County 

A decline in seasonal inventory continues to motivate home prices in King County. Last month the median residential sold price rose to $849,950, up 3% from $825,000 a year prior. With limited supply and declining interest rates, buyers remain willing to compete for the most compelling properties. Whatever your real estate intentions in the new year, let’s connect to see what these trends might mean for you.  

 

Seattle 

The median sold price for a Seattle single-family home stood at $850,000 last month, down 3% from a year ago. Mortgage rates have also declined in the past month, down from the mid-7% range to the upper 6% range. Of all recently sold residential listings in Seattle, 45% experienced a price reduction. Let’s chat to explore whether any of these market dynamics represent an opportunity for you.  

 

Eastside  

The Eastside real estate market started the year on a strong note, with last month’s median residential sold price of $1,440,000 up 11% year-over-year. Despite there being only 1.2 months of inventory to start the year, there are opportunities for buyers in the form of continued price reductions and declining mortgage rates. Let’s connect to see how these conditions might impact your specific situation. 

 

Snohomish County  

The median sold price of Snohomish County homes declined slightly to $684,995 last month, down 2% from a year ago. There’s more good news for buyers: mortgage rates have dropped for five straight weeks, and 41% of December’s sold residential listings saw at least one price reduction. For home sellers, there’s not much competition: the residential market had only 0.8 months of inventory at the start of the year. Let’s chat about what these trends mean for you.  

#ListItWithLilly #BuyitwithBerry