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Local Market Updates Local Market Update – December 2017 It looks like we’re skipping the normal holiday slowdown this season with brokers reporting crowded open houses and competitive bidding in many areas. However, since sellers who list their homes at this time of the year are usually motivated to move soon, the holidays are still a good time to buy. Some of the best […]
Local Market Updates Local Market Update – November 2017 Prices in our area have now been rising faster than anywhere in the country for twelve months. Sellers seem to be getting the message that now is a good time to put their home on the market. There was an increase in new inventory in October, but with homes selling rapidly, there still aren’t enough […]
Local Market News Eastside Market Review – Third Quarter 2017 Our Eastside Market Review is now available for the third quarter of 2017. You can read the full report online by clicking the image below.
Local Market Updates Local Market Update – October 2017 The typical seasonal slowdown of new listings in September added to frustration for buyers who are competing for a very limited number of homes. Strong job growth continues to fuel demand. The state added 83,000 new jobs in the month of August, and September looked to be just as robust. The result? King, Pierce and […]
Local Market Updates Local Market Update – October 2017 The typical seasonal slowdown of new listings in September added to frustration for buyers who are competing for a very limited number of homes. Strong job growth continues to fuel demand. The state added 83,000 new jobs in the month of August, and September looked to be just as robust. The result? King, Pierce and […]
Community News The Arrival of the GIX in Bellevue In mid-September renowned dignitaries, politicians, business executives, and other influential and high-powered people gathered in Bellevue for the grand opening of the Global Innovation Exchange (GIX), which has been about five years in the making. It was an exciting moment for the 44-student cohort that is set to start classes there soon, as well as […]
Local Market Updates Local Market Update – September 2017 High demand and low supply made it the market’s hottest August since records began in 2000. Sparse inventory was again the norm, as were multiple offers. However, brokers are cautioning sellers to price their homes correctly. Most buyers have been in the market a long time and are well educated. Overpriced listings are not getting […]
Local Market News What to Expect for the Rest of 2017 We’re more than halfway through 2017! That means it’s time to reflect on national housing market predictions from the beginning of the year and look ahead to what we can expect for the remainder of the year. As a reminder, in early 2017 experts anticipated price growth would slow, inventory would bottom, and mortgage rates […]
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Local Market Updates Local Market Update – August 2017 Instead of experiencing the typical summer seasonal slowdown, the real estate market in July was as hot as the weather. For yet another month, our area had the distinction of seeing home prices rise faster than any other market in the country. Buyers were hit with a double whammy – soaring prices and the continuing […]
Local Market News Tech Hubs Still Hot in National Housing Market The Seattle area continues to be an outlier in the national housing market. In May the price of single-family homes in the area increased by 13.3 percent year-over-year, more than double the national average. That marked the ninth month in a row in which Seattle experienced the biggest year-over-year increase in home prices. According to […]
Local Market Updates Local Market Update – July 2017 It was another month of record-setting home prices in June as the area yet again took the prize for the hottest real estate market in the country. In a bright spot for buyers, the number of new listings added in June was the highest total for any single month since May 2008. While inventory is […]
Buying a Home What Buyers Should Expect in Our Record-Breaking Market We knew Seattle area home prices were growing – and quickly – but just how much and how fast? Enough that we surpassed Portland, Dallas, and other major metro areas to top the country for home price growth for the seventh straight month. According to the monthly Case-Shiller home price index, single-family home prices across […]
Local Market Updates Local Market Update – June 2017 The hottest real estate market in the country just keeps getting hotter. Despite a large number of new listings, home prices in the Puget Sound area continued to set records in May. According to a Seattle Times article, “For the first time since the 2007 housing bubble, every county in the central Puget Sound region […]
Giving Back Community Service Day | Bellevue On Friday, June 9th, the brokers and staff of Windermere Bellevue will be volunteering their day with Kelsey Creek Farm in Bellevue for Community Service Day. Kelsey Creek Farm is your escape to the country centrally located in Bellevue. A variety of programs are offered year-round at the farm! They have ponies, sheep, goats, chickens, […]
Local Market News Seattle Area Popular With Residents & Outsiders It seems like a tale as old as time. Many people are wanting to move to Seattle, but no one else really wants to leave. This leads to our favorite real estate headline for the last several years: inventory is low, prices are rising. Seattle-based Zillow recently analyzed searches on their website and compared the […]
Local Market Updates Local Market Update – May 2017 The local real estate market—already the hottest in the country—set yet another price record in April. The number of homes for sale dropped 27 percent compared to a year ago, the lowest amount of inventory ever recorded for a spring month. The historically low supply of homes is making competition among buyers fierce. Sellers are […]
Local Market News The Urbanization of Downtown Bellevue When you hear of a city that is “something between an urban jungle and the classic picture of suburbia,” Bellevue may not be the first place that comes to mind. However, that’s exactly how one young couple describes downtown Bellevue in a recent article from The Seattle Times – and they aren’t the only ones. […]
Local Market Updates Local Market Update – April 2017 While we finally saw an increase in new listings in March, there was an even greater jump in sales. Lack of supply continued to push prices to new record highs. For the fifth straight month, our region has experienced the sharpest home price increases of any major market in the country. While that may be […]
Local Market News Building Construction Reaches New High in Downtown Seattle Tangible signs of growth in and around downtown Seattle are everywhere, from worsening traffic and commute times to the record number of cranes dotting the skyline. So it is not surprising The Seattle Times reported there were 68 major buildings under construction at the end of 2016, which is a new high since the Downtown […]
Local Market Updates Local Market Update – March 2017 Home prices are growing faster in our region than anywhere else in the country. After a brief slowdown last month, home prices in February jumped to new record highs. The reason? The lowest number of homes for sale on record. The surge in prices came well ahead of the normal seasonal spring uptick, adding even […]
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