Local Market News Amid coronavirus concerns, Seattle homebuying frenzy continues The condo a quarter-mile away from the Life Care Center of Kirkland — the long-term care facility at the epicenter of the U.S. novel coronavirus outbreak — hit the market at $365,000 last week, one day after the first resident of the nearby facility died of the flulike illness. By Monday, roughly 34 groups of […]
Local Market News What I’m Seeing – March 2020 Naturally the most frequent question I’m getting lately is about how the coronavirus is impacting our local market.  So far, traffic remains brisk and multiple offers with escalations continue for well-presented listings. Savvy buyers are taking advantage of the increased buying power that historically low interest rates afford. Investors looking for a reprieve from stock […]
Local Market News What I’m Seeing – February 2020 Interest rates dropped again prompting buyers to leap off the fence resulting in multiple offers for well-priced, turnkey properties. Sellers – this is your sweet spot! Inventory is increasing daily but we are still far short of meeting buyer demand. Savvy sellers are rushing to get their homes on market and take advantage of this seasonal […]
Local Market News As Big Tech’s Eastside Presence Expands, Bellevue Preps For More Commuters Incorporated in 1953, during the heyday for cars, Bellevue was originally built for the automobile. Back then, planners designed wide six-lane arterials meant to move vehicles fast. The road grid creates 600-foot-wide superblocks on former farmland. Now, tremendous growth is straining transportation. Traffic stacks up during afternoon commutes, and Interstate 405 slows to a crawl. […]
Real Estate Trends Incorporate Pantone’s Color of 2020 Into Your Home Classic Blue has officially been anointed Pantone’s 2020 “Color of the Year”.  Pantone says it picked this color because of its ability to instill calm, confidence, and connection as we cross the threshold into a new decade. A dependable color, Classic Blue is timeless, and enduring, making it a great addition to just about any […]
Local Market News Eastside 2020 Growth Forecast Another banner year for the region has brought tremendous prosperity across a breadth of industries, a wealth of new jobs, flourishing tourism, and the welcoming of several large businesses into our cities. So, how is the Eastside poised to begin a new decade? Will this growth continue? To find out, 425 Business ditched the crystal […]
Local Market News Washington Ranked Best State Overall Some states shine in health care. Some soar in education. Some excel in both – or in much more. Considering numerous metrics and thousands of data points, a new study by the U.S. News and World Report ranks Washington state as number one in the nation. Using 71 different metrics and thousands of data points, […]
Local Market News What I’m Seeing – January 2020 2020 is off to a great start! We normally see a bit of a lull in January, but my open house traffic is already up significantly this month. In particular, I’m seeing heightened activity in the “affordable” range (under $1M). Extremely tight inventory and excellent rates are motivating buyers off the fence in what is shaping […]
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Real Estate Trends The Washington Real Estate Excise Tax Change: How Will It Affect You? The Washington real estate excise tax, otherwise known as REET is faced changes January 1, 2020. What are the changes and how will it affect you? If you are planning on buying, selling, or transferring real estate, these are questions you need to know the answers to. This is your guide to how REET is […]
Statistics Local Market Update – December 2019 Favorable interest rates and soaring rents boosted activity in the housing market in November. More buyers competing for less inventory kept home prices strong. With the supply of homes far short of demand, sellers can expect well-priced properties to sell quickly this winter. EASTSIDE With just over a month of available inventory, demand on Eastside […]
Press Agent Trend Announces Sheri Putzke as Best In Real Estate Award Winner Agent tend’s most recent award winner is Sheri Putzke, of Windermere Real Estate. Sheri is based out of Kirkland, but serves the Greater Seattle area. Sheri has demonstrated values that are important for winners of the Best in Real Estate award. Not only does she work with builders/developers in the area, but she is passionate […]
Statistics Local Market Update – November 2019 A steady influx of buyers continued to strain already tight inventory throughout the area in October. Home sales were up, as were prices in much of the region. With our thriving economy and highly desirable quality of life drawing ever more people here, the supply of homes isn’t close to meeting demand. Homeowners thinking about […]
Statistics The Gardner Report – Third Quarter 2019 The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist, Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent. Economic Overview Washington […]
Press The best place to see the sunset in Kirkland- Neighbor in the Know Kirkland isn’t just Costco’s brand name- it’s got imaginative coffee shops, a charming downtown and incredible sunsets. Kirkland has a wealth of places to visit, from picturesque parks to hip coffee spots to a quickly-growing downtown. There are way too many cool spots to document all in one place, but here are few locations to […]
Statistics Local Market Update – October 2019 While fall usually brings a decrease in sales activity, the opposite was true in September. The number of listings on the market dropped by double digits and home sales rose. It is still a seller’s market, however prices have stabilized. With interest rates near historic lows and employment levels at historic highs, the housing market […]
Press Kirkland community features award-winning floor plans   Distinguished by a sought-after Kirkland address, Crosswater is a boutique community of 16 luxury townhomes characterized by contemporary architecture and a private setting. The community, built by Toll Brothers, just opened for presales, offering interested homebuyers the chance to get in early and personalize their homes to their style and taste. The homes range […]
Local Market News Local Market Update – September 2019 A decrease in inventory coupled with an increase in sales activity led to fewer options for home shoppers in August. There is some good news for would-be buyers as mortgage rates have dropped to their lowest level in three years. Demand remains high but there simply aren’t enough homes on the market. Brokers are hoping […]
Local Market News Local Market Update – August 2019 The real estate market continued to moderate in July. Inventory rose and home values softened, providing buyers with increased selection and more favorable pricing. With strong job growth and interest rates holding at below 4 percent, brokers expect the market to remain solid through fall. EASTSIDE The market remains strong on the Eastside. The current […]
Press Seattle Real Producers – August 2019 A strong work ethic and empathetic kindness show up in Sheri Putzke’s #1 passion, which is “complete client satisfaction”. Sheri understands that a real estate transaction is “always a big deal” and not just from a financial perspective. Purchasing or selling a home usually occurs because of something else going on in a client’s life […]
Local Market News Local Market Update – July 2019 The market in our region appears to be moderating. Inventory is up, prices are relatively stable and homes are taking a bit longer to sell. However, with less than two months of available inventory, supply is still far short of demand. Steady buyer activity, low interest rates and a thriving economy are making for a […]