Your business and referrals help the kids at Childhaven!
A portion of every sale from Weisbarth & Associates is given to Childhaven and in the past 5 years we have donated over $300,000 to them.
Designated Broker/ Owner
DORON WEISBARTH
206.779.9808
Doron@weisbarth.com
Weisbarth.com
Your business and referrals help the kids at Childhaven!
Through all of COVID-19 the Childhaven staff continues to care for every child, delivering counseling, developmental therapy, wrap-around supports, home learning, meals, family meetings, and much more. Every referral you send our way helps the kids at Childhaven, because we donate a substantial portion of our income from every home sale to this amazing organization. If you know anyone considering buying or selling, you have three options:
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Send an email with your referral’s name, phone and email to refer@weisbarth.com
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Call me direct or pass on my number - 206.779.9808
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Go to our website at Weisbarth.com/refer
The End of the Great 2021-22 Aberration!
A year ago, I presented data showing how far beyond the norm home sale prices were during 2021 and the beginning of 2022. I refer to this period of aberration as the ‘Covid Price Spike’. This month, we’re showing a similar graph, updated with another year’s worth of data.
The rising graph shows the median sale prices for single family homes (SFH) in King County going all the way back to January 2013. I used ORANGE to represent the portion of the dataset through December 2020, and BLUE to represent the portion of the dataset starting in January 2021 to the present.
This next paragraph is a bit technical, so hang in there with me…
The DOTTED ORANGE LINE represents the straight-line appreciation, using only the portion of the dataset through December 2022. And the DOTTED BLUE LINE represents the straight-line appreciation, using the entire dataset, starting in January 2013, and all the way through May 2023. What these straight lines represent are the rate at which SFHs appreciated in King County. And even with the large price increases during the ‘Covid Price Spike’, you can clearly see that the two lines are very close to each other.
What does all this mean?
It means that despite the ‘Covid Price Spike’, the market seems to gravitate back to those straight-line appreciation rates.
Incidentally, a similar price spike happened in 2017 and early 2018 (you can see that in the graph), although that spike was not quite as pronounced. In both cases, the market eventually corrected back to the line.
And to be clear, these trends are true for Snohomish and Pierce counties as well.
So what we’re seeing now, is the median home prices rising, although not quite as dramatically as they did last year.
All this brings us back to the fundamental truths about real estate, that home prices are determined by two forces: supply and demand. As long as the supply is low (which it is) and the demand is high (which it is), then prices will continue to rise. Sometimes they will rise too fast, and then they will drop, but these period are generally short lived.
If you know anyone who is considering buying or selling their home this year, please send them this newsletter or refer them to us by phone, text, email or fill out the ‘referral’ form on our website. Our 5-step system for sellers lays out the plan for selling fast and for the most amount of money. And our 3-step for buyers gets our clients ready to compete effectively and win in this market. And remember that your business and referrals help support the kids at Childhaven.
The Weisbarth Team
We’re looking for a few good people to join our team. Know any top candidates? Call Doron at 206-779-9808.
As Seen And Heard On:
More Than Just Real Estate News
Volume VI | Issue 6
JUNE 2023
HOMEWARD BOUND
Patty Duke’s Story of the Cycle of Abuse
At one of Childhaven’s recent fundraising luncheons, attendees got to hear firsthand about how and why the cycle of abuse perpetuates itself, and why the work of Childhaven to stop it is so essential.
At the luncheon, actress, author and activist Patty Duke shared her story of being abused as a child, and how this led to suicidal thoughts and other mental health challenges. When she became a parent, Duke did what she never imagined doing, and abused her own children both physically and emotionally.
Duke wrote a guest column in the Seattle Times that same year. Here’s a portion of it:
Parents who hurt their children aren’t all monsters. I know. I was one of them. The physical abuse I inflicted on my two sons, Sean and Mac, was bad enough. But the emotional abuse was even worse.
After each incident, I swore I’d never do it again. But I did, even though I loved my children with all my heart. But my head was another story. I was unknowingly living with undiagnosed manic depression. The fact that I’d been physically and emotionally abused as a child myself didn’t help.
Because of what I put my kids through, I have compassion for other parents who do the same. I’m not a Pollyanna. I know that there are real monsters who do unforgiveable things to children. But I believe the majority of parents truly want to love and care for their kids. Mental illness, addiction or poor parenting role models stand in the way.
I want other parents to know that there is hope for them, too, if they are willing to face their demons and seek out the help that’s available to them.
One of Childhaven’s main reasons for existing is to stop this cycle of abuse by intervening when the children are still very young. Their staff works hard at showing them love, helping them learn to manage emotions in healthy ways, and leading them to learn, play, and solve problems and challenges. They also work with parents.
Protecting today’s children also protects tomorrow’s children, and this is why we give a portion of the proceeds from every home we sell to Childhaven.
The Pros and Cons of Heat Pumps
You may have heard about the recent push for heat pumps in the media, and wondered if this might be right for your home. I actually just had a heat pump installed in my own home, so I went through this decision-making process. Let’s take a quick look at what heat pumps have to offer, and potential drawbacks.
Heat Pump Advantages
The main advantages of a heat pump are:
Dual Purpose – Heat and Cool Your Home
Heat pumps will heat your home in winter, and they also cool it in the summer. That means you can achieve with one system what you needed both a furnace and an air conditioner to do before. This is one of the main reasons I opted for a heat pump. Previously, we had natural gas heat with no AC.
Energy Efficiency
Heat pumps use less energy than systems that generate their own heat. To heat your home, they take warm air from outside, compress it, and move it inside. To cool in the summer, they do the opposite – remove heat from the home and send it outside. This method is far more efficient and better for the environment.
Saves Money Over Time
Being more efficient, you will save money on your heating and cooling bills over time with a heat pump.
Increased Safety
Natural gas brings an increased safety risk from gas leaks and potential fires. Of course, this is very rare. But it does happen. Heat pumps carry no such risk.
Humidity
Because heat pumps move air, they help moderate the humidity in your home. In the summer, they remove humidity by transferring air to the outside. In the winter, they avoid drying out the air the way traditional furnaces can.
Heat Pump Disadvantages
There are a few disadvantages as well. Here are the main ones.
More Costly Installation
On the front end, you will pay a bit more for a heat pump. Over time, you save money, but at first, it’s a higher cost. Now, if you had to install both a furnace and an air conditioner, the costs would be closer, but most homes already have one or both of these.
A less costly version of a heat pump is a mini-split, which requires no duct work. For older homes where installing ducts would be very expensive, you can save money using a mini-split. Mini-splits use refrigerant lines instead of ducts, and still allow you to heat and cool individual rooms.
Less Effective in Extreme Cold
When there’s hardly any heat outside, the heat pump has to work very hard to heat your home. In these conditions, your efficiency declines and your costs increase. One way around this is to do what I did, and keep natural gas as a backup system to use when temperatures drop into the mid-30s. The newer heat pump systems will detect the outdoor temperature, and automatically switch to the backup heating system, in my case the gas furnace.