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. […]
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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 […]
Windermere Foundation Windermere Foundation By the Numbers For the past 28 years, the Windermere Foundation has been helping those in need in our communities through donations to local organizations that provide services to low-income and homeless families. In 2016, the Windermere Foundation raised over $2.2 million in donations, bringing the total to over $33 million raised since it started in 1989. Last […]
Local Market Updates Local Market Update – February 2017 The local real estate market remains very hot with extremely low inventory and prices that are rising faster than anywhere else in the country. However, that rate of price growth appears to be cooling from last year, dropping to its slowest pace in three years. Predictions of more interest rate hikes may further limit price […]
Local Market News 2017 Will Bring More Condos to Bellevue and Seattle All of the statistics and speculation surrounding our local housing market could be summarized by one basic economic principle – supply and demand. We simply have not had enough homes, among other resources, to accommodate the rapid growth in our region. However, Puget Sound Business Journal (PSBJ) recently reported there is hope ahead in the […]
Local Market News Local Market Update – January 2017 A record low number of houses for sale in December indicates that 2017 will continue to be a very competitive market for buyers. The good news: those who decide to take the plunge and list their home can count on getting a premium price for their property. Brokers reported that about three-fourths of the homes […]
Local Market News Top 5 Seattle-Area Superlatives From 2016 2016 was quite a year to live in the Pacific Northwest, especially if you spent some or most of it in the housing market. Last year’s market was truly unique, record-breaking, and game-changing (see: Windermere’s W Collection). To close out 2016 and begin 2017 here are a few of the most noteworthy Seattle-area superlatives related to real estate […]
Local Market Updates Local Market Update – December 2016 Buyers spooked by a spike in mortgage interest rates gave rise to the busiest November for homes sales in over a decade. Prices rose accordingly. Case-Shiller ranked the area as the housing market with the fastest rising prices in the country. Sellers can expect to get a premium for their homes as we move into […]
Giving Back A Windermere Tradition: Windermere for Kids 2016 This event is one of my favorite holiday traditions that many Windermere brokers look forward to every year. I’m so glad I could be part of such an amazing and important experience for these little shoppers as we helped them find gifts for their families. Windermere Eastside wrote a great recap on what Saturday was all about and what it means […]
Giving Back We’ve Got You Covered Winter Drive for YouthCare – Wrap Up As part of Windermere’s #tacklehomelessness campaign with the Seattle Seahawks, 38 Windermere offices* in King and Snohomish Counties collected new hats, scarves, gloves/mittens, and warm socks for Windermere’s “We’ve Got You Covered” winter drive. The recipient of these donations was YouthCare, a non-profit that provides support and services to homeless youth throughout the Puget Sound […]
Local Market Updates Local Market Update – November 2016 Home sales outgained new listings again in October, further squeezing already tight inventory and pushing prices higher. Since new listings traditionally decrease in the fall, that inventory shortage is expected to last until spring. Sellers willing to put their home on the market now can expect plenty of interested buyers, and a highly favorable chance […]