Matrix News

Coming Soon - New Creekside Homes in Des Moines

Matrix client JK Monarch has new homes under construction on Barnes Creek in Des Moines. Yesterday, Mike Miller and Kim Sharpe Jones accompanied JK Monarch President Mike Christensen and General Manager Roy Simmons on a frame walk - which unexpectedly included a walk on a short trail to the creek - part of the backyard for one of the homes.

These homes will be listed in the coming weeks. More info coming soon!

SOLD OUT: Galloway Condos & Townhomes in Renton, WA

Our involvement with Galloway started in 2010 when local builders Jonathan Bartels and Greg Heath purchased a partially built project in the Renton Highlands from the bank. Matrix was brought on board  to sell Galloway's 8 condos and 27 townhomes.

The plans already in place, we had to sell around challenges like a unique location for mixed-use multi-family product. Because there were no other condos or townhomes in the Renton Highlands area, potential buyers in the market for a new condo or townhome weren't necessarily searching for our homes. With a small number of homes to sell, our budget was tight. We used cost-efficient marketing methods to get the word out and find buyers via signage, open houses, database e-mails and broker marketing.

Market News

Builder Confidence Rises Two Points in August

via NAHB: WASHINGTON, Aug. 18 - Builder confidence in the market for newly built, single-family homes rose two points to 55 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for August, released today. This third consecutive monthly gain brings the index to its highest level since January.

"As the employment picture brightens, builders are seeing a noticeable increase in the number of serious buyers entering the market," said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del. "However, builders still face a number of challenges, including tight credit conditions for borrowers and shortages of finished lots and labor."

New-Home Sales Up 18.6 Percent in May

via NAHB: WASHINGTON, June 24 - Sales of newly built, single-family homes rose 18.6 percent to a seasonally adjusted annual rate of 504,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest rate since May 2008.

"These numbers are in line with our recent builder surveys, which indicate that more consumers are getting off the fence and coming back into the marketplace," said Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del.