The Elephants August 2023 Trilogy Market Report

The Most Trilogy Experience, Knowledge, Sales and NOW a 1% LISTING FEE…

                Above Average July Contracts lead to RECORD August Closings…
       

The Elephant, Devin Sanford is Going 1% for
Trilogy Home Listings.

Services this “Premium Service Broker” has to offer.

  • Managing Broker – Highest Real Estate License Available
  • First-Hand Shea Homes Construction & Infrastructure Expertise
  • Comprehensive Market Analysis
  • Complete Pre-Market Service Provider Scheduling
  • Complimentary Professional Staging Consultation
  • High-Definition, Magazine Quality Photography
  • 4-Page Full-Color, Glossy, Fold-Out Flyers w/QR Code
  • Online Flip-Flyer to Capture Buyers
  • One-of-a-Kind Night Reflective Signage so Drivers See You!
  • Top Ranking Google Search Exposure on www.DevinSanfordHomes.com
  • Internet Presence on the NWMLS, Zillow, Redfin, Realtor.com & Many More!
  • Personal Premium Property Website for your Listing with Web-Tracking!
  • Featured Placement in the Monthly Trilogy Market Report
  • Survey System to Collect Showing Agent & Buyer Feedback
  • Referral Network of Packers, Movers, Estate Sales & Planning Experts

Credentials:

  • Serving Trilogy Since 2003 (19 Years!)
  • 400+ Trilogy Homes Sold
  • Former Designated Broker & Lead Sales Representative for Shea Homes
  • Regional Trilogy Tour Champion & Recipient of Numerous Awards from Shea Homes, Inc., the Developer including Regional MVP
  • Former President of the Trilogy Ambassador Club
  • Two Decades as a Licensed Broker in Washington State – Since 1999
  • Certified Luxury Home Marketing Specialist _ CLHMS (Guild Member)
  • Proxio Pro – International MLS & Referral Program Member
  • World Properties.com Member “Home of the World’s Best Agents”
  • Accredited Buyer’s Representative – ABR
  • Zillow Five-Star Agent & Redmond Local Expert
  • Voted Five-Star Professional in Seattle Magazine 11 Consecutive Years

Half a Dozen Closings for July

  Model NWMLS

Number

Square Footage Original Asking Price Asking Price When Sold Final Sale Price Dollars/ Square Foot Days on Market Percentage of Asking Price
1 Union 2039534 1510 $776,656 $625,000 $628,700 $416.36 90 80.95% Home Team
2 Vashon 2138350 1568 $950,000 $950,000 $950,000 $605.87 5 231st Lane
3 Sammamish 2074341 1640 $998,000 $998,000 $1,110,000 $676.83 4 Rare Plan
4 Bainbridge 2067282 1870 $1,098,000 $1,098,000 $1,200,000 $641.71 3 243rd Place
5 Cedar 2073550 2300 $1,485,000 $1,485,000 $1,675,000 $728.26 6 Mahonia
6 Monticello 2127236 2695 $1,825,000 $1,825,000 $1,830,000 $679.04 9 NE 122nd

 

I had corresponded with the Seller of the Union plan that ultimately sold for 19% under the asking price. It is an A.R.C.H. home with government regulated pricing and stipulations to qualify to purchase and they’re a very different animal apart from a conventional sale. In addition, they’re typically not in the greatest locations because they were not a profitable sale for the developer, but Shea had to offer so many of the 1,523 total homes to the program. It’s not unusual for Sellers such as this to call me for expertise and then think they’ll save a couple of commission points and hire a discount broker. I’ve been used a ton only to see poor outcomes for those with such poor scruples. The only thing is there’s a big difference in having the information and being able to execute it. This has happened countless times to me however I’m not an “I told you so” type of person rather I always feel badly for the Sellers who made a bad decision. Bad locations always present a challenge for a listing broker, especially when there are so many other great opportunities in Trilogy. Having a bad location and the stipulations and minimal fits and finishing with an A.R.C.H. home present an even larger challenge. I have sold many, many A.R.C.H. homes and I’ve never given one away. Perhaps with my new rate the rest of you won’t have any excuse to invest in Elephant insurance, 18 Years in Trilogy won’t do you wrong.

 

Four Remaining in Escrow at August End

  Model NWMLS

Number

Square Footage Original Asking Price Asking Price When Sold Dollars/ Square Foot Days on Market Mentionable
1 Bainbridge 214309 1870 $1,048,000 $978,000 $522.89 21 Olympus Neighborhood
2 Whidbey 2151152 1671 $1,050,000 $1,050,000 $628.37 2 Meadows Neighborhood
3 Nice 2148454 1960 $1,275,000 $1,275,000 $650.51 4 Rare Plan
4 Monticello 2129038 2678 $1,950,000 $1,848,000 $690.07 46 Greenbelt on Twinberry

 

There are four homes remaining in escrow at the end of month. There were an impressive dozen at the end of July which contributed to the record August resales month you’re about to see. The previous record was 17 sold during July of 2021. Only the new construction days cultivated larger numbers where we sold 32 in one month. I once secured five of 13 sold in 10 minutes during a lot release drawing.

 

 

August Breaks out Like a Brahman Bull with a Blistering 18 Sales

  Model NWMLS

Number

Square Footage Original Asking Price Asking Price When Sold Final Sale Price Dollars/ Square Foot Days on Market Percentage of Asking Price
1 Union 2054448 1510 $706,858 $706,858  $447.02  $447.02 21 95.49%
2 Angeles 2153205 1200 Unlisted Unlisted $660.00 $660.00 0 N/A
3 Discovery 2138350 1350 $785,000 $785,000 $620.37 $620.37 5 106.69%
4 Orchard 2127100 1440 $827,000 $827,000 $590.28 $590.28 6 102.78%
5 Washington 2126727 1900 $879,000 $879,000 $467.89 $467.89 15 101.14%
6 Discovery 2134868 1350 $849,000 $849,000 $664.44 $664.44 5 105.65%
7 Union 2139891 1510 $848,000 $848,000 $599.34 $599.34 1 106.72%
8 Discovery 2146520 1365 $849,900 $849,900 $669.60 $669.60 5 107.54%
9 Sammamish 2143794 1640 $950,000 $950,000 $573.17 $573.17 11 98.95%
10 Sammamish 2138959 1640 $998,000 $998,000 $608.54 $608.54 11 100%
11 Whidbey 213994 1671 $1,050,000 $1,050,000 $643.33 $643.33 1 102.37%
12 Bainbridge 2146866 1870 $1,175,000 $1,175,000 $641.71 $641.71 2 102.13%
13 Whidbey 2137804 1660 $1,282,000 $1,282,0.00 $772.29 $772.29 1 100%
14 Maple 2059355 2330 $1,488,000 $1,399,000 $566.52 $566.52 56 94.35%
15 Maple 2138407 2550 $1,425,000 $1,425,000 $549.02 $549.02 5 98.25%
16 Hemlock 2128984 2170 $1,548,000 $1,498,00.0 $677.42 $677.42 31 98.13%
17 Hemlock 2126186 2170 $1,579,000 $1,579,000 $702.76 $702.76 31 96.58%
18 Hemlock 2131153 2310 $1,598,000 $1,598,000 $668.31 $668.31 20 99.5%

 

August’s 18 sales more than tripled any given month year to date apart from May and it doubled that. Having a huge month like this reveals a good deal of information because you have several representative floor plans from each collection which can reveal trends or patterns.

Crazy enough, the first 10 sales were all attached products. The most expensive of the 10 just slipped under one-million dollars at $998K. This was one of two Sammamish plans, and another sold in July. These were the first Sammamish sales in nearly three years; the last being in November of 2020. I like the floor plan but there were very few of these built or sold as the Union plan fit on the same foundation and was the much more popular plan when built from the ground up.

The Angeles is just as rare even though it came out a few years before the Sammamish. There was no model of Trilogy’s smallest floor plan and few were sold. This sale was unlisted meaning that a licensed broker had this one up his sleeve and a yardarm was never installed in front of the home.

The Bainbridge and Whidbey represent the smallest of the stand-alone collections residing in the “Island Collection” and the Maple and Forest plans hail from the “Forest Collection”. With the attached plans coming from the “Port” and “Lakes” collections, the only group not represented during August was the “Estate Collection”, the largest of floor plans.

         

Three Homes for Sale at Month End

  Model NWMLS

Number

Square Footage Original Asking Price Asking Price When Sold Dollars/ Square Foot Days on Market Mentionable
1 Washington 2154500 1900 $1,049,950 $1,049,950 $552.61 9 Backs to Pkwy.
2 Hemlock 2144438 2320 $1,500,000 $1,500,000 $646.55 28 Division 1
3 Hemlock 2147406 2315 $1,588,000 $1,588,000 $685.96 24 Interior Lot

 

It’s slim pickings for Buyers after the large harvest last month. If you’re thinking about selling, this could be a great time with the last big push before the typical October slowdown. I’m here if you’d like to knock it out of the park.

 

Register to Read the Elephant’s Trilogy Market Report at Our New Website!

          Check out the Trilogy Tab at www.DevinSanfordHomes.com.

 

Month over Month Stats:

Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec. YTD
YTD
$old 6 1 6 7 9 4  6  18         57
Pending 0 3 6 5 3 7  12  4          
Active 7 4 4 4 2 5  4  3          
$old D.O.M. 27 4 53 15 7  

9

 20  17          
Active D.O.M. 44 57 3 17 40  

16

 16  20          

 

We’d like to remind you to look for these reports online at www.DevinSanfordHomes.com. There’s no pressure. Register and you’ll receive an email notification when the monthly report is waiting for you.

That’s a wrap for August.

Take Care,

The Elephant



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Devin Serves King & Central Snohomish Counties
MY HOMETOWN STOMPING GROUNDSI’M BORN AND RAISED IN THIS AREA AND LOVE IT!

It was mostly woods when I grew up in Lynnwood where we rode our sleds down 196th Street and my childhood home is now a Wells Fargo Bank, and our motorcycle riding grounds are the Alderwood Mall and an array of businesses. I grew up in the Edmonds School District and went swimming at Mukilteo and Edmonds beaches, lived in Woodinville and ran Track for Monroe then graduated from Inglemoor High School in Bothell. As an adult I’ve lived in Everett, Mill Creek, Monroe and on Lake Stevens. If you or someone you know need a Snohomish County Expert, I’d be delighted to hear from you.

Did You Know the Elephant Serves Snohomish County too?

MY HOMETOWN STOMPING GROUNDS

I’M BORN AND RAISED IN THIS AREA AND LOVE IT!

It was mostly trees when I grew up in Lynnwood where we rode our sleds down 196th Street and my childhood home is now Wells Fargo Bank, and our motorcycle riding grounds are the Alderwood Mall and an array of businesses. I grew up in the Edmonds School District and went swimming at Mukilteo and Edmonds beaches, lived in Woodinville and ran Track for Monroe then graduated from Inglemoor High School in Bothell. As an adult I’ve lived in Everett, Mill Creek, Monroe and on Lake Stevens. If you or someone you know needs a Snohomish County Expert, I’d be delighted to hear from you.

 

Joyfully Serving
King and
Snohomish Counties
Since 1999.

 

 

www.SeattleMagazine.com

Award-winning real estate agents in greater Seattle 

Five Star…the definition of professional excellence

This award represents ½ of 1% of all Real Estate Professionals to have won this award for 10 years.

Find Devin’s 12th Consecutive Five-Star Professional award in SEATTLE Magazine’s December 2023 Issue.