Local Market News Local Market Update – March 2017 The local real estate market set new home price records in many parts of the region in February. Prices here have grown faster than anywhere else in the country for the last 16 months in a row. Demand remains high and inventory very low. Brokers are hoping the normal seasonal increase in listings this spring […]
Local Market News Local Market Update – February 2018 With competition for homes growing and inventory shrinking, the real estate market in January was as hot as ever. Home prices were up by double digits as buyers chased severely limited inventory. The number of homes for sale hit a record low for the month of January, which should strongly favor sellers as we move […]
Our Brokers 2018 Windermere Eastside Kick-off   Every year over 500 brokers from Windermere offices across the Eastside gather to prepare for the new year at the annual Windermere Eastside Kick-Off Event at the Hyatt Regency Bellevue. Last week, several speakers shared their insights and advice to prepare our agents to better serve their clients for the 2018 housing market. Looking […]
Real Estate The Gardner Report – Fourth Quarter 2017 Economic Overview The Washington State economy added 104,600 new jobs over the past 12 months. This impressive growth rate of 3.1% is well above the national rate of 1.4%. Interestingly, the slowdown we saw through most of the second half of the year reversed in the fall, and we actually saw more robust employment growth. […]
Statistics The Gardner Report – Fourth Quarter 2017 Economic Overview The Washington State economy added 104,600 new jobs over the past 12 months. This impressive growth rate of 3.1% is well above the national rate of 1.4%. Interestingly, the slowdown we saw through most of the second half of the year reversed in the fall, and we actually saw more robust employment growth. […]
Real Estate Local Market Update – January 2018 2017 closed out the year with historically low inventory and record-breaking price gains. A strong local economy and brisk population growth has helped fuel a steep discrepancy between supply and demand. As long as this imbalance remains, 2018 is on track to remain a very strong seller’s market. Eastside Defying the usual winter slow-down in […]
Statistics Local Market Update – January 2018 2017 closed out the year with historically low inventory and record-breaking price gains. A strong local economy and brisk population growth has helped fuel a steep discrepancy between supply and demand. As long as this imbalance remains, 2018 is on track to remain a very strong seller’s market. Eastside Defying the usual winter slow-down in […]
Real Estate 2018 Housing Forecast: Where are we headed? What lies ahead for the local housing market in 2018? We sat down with Windermere Chief Economist Matthew Gardner to get his thoughts. Here are some highlights: Home prices will continue to increase, but at a slower pace The strong local economy, high demand and very low inventory will continue to boost home values in […]
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Local Market News 2018 Housing Forecast: Where are we headed? What lies ahead for the local housing market in 2018? We sat down with Windermere Chief Economist Matthew Gardner to get his thoughts. Here are some highlights: Home prices will continue to increase, but at a slower pace The strong local economy, high demand and very low inventory will continue to boost home values in […]
Real Estate Local Market Update – December 2017 The holiday can be a unique opportunity for Buyers with less competition in the market. Inventory remains limited, so well-priced homes continue to sell quickly, often with multiple offers. Eastside The rate of appreciation for homes on the Eastside continues to be as robust – or more so – as in Seattle. Both local and […]
Real Estate Windermere Neighborhood 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 […]
Real Estate The Gardner Report – Third Quarter 2017 Economic Overview The Washington State economy added 79,600 new jobs over the past 12 months—an impressive growth rate of 2.4%, and well above the national growth rate of 1.2%. However, as we anticipated in last quarter’s report, we continue to see a modest slowdown in the growth rate as the state grows closer to full […]
Real Estate Windermere Neighborhood Update – October 2017 While it is true that inventory remains tight, in many areas buyers are experiencing less competition for available homes. A well-crafted offer remains the key to their success. Pricing correctly is critical during this seasonal slowdown and sellers who heed this advice continue see strong interest and, in some cases, multiple offers. Eastside The median […]
Real Estate Why You Shouldn’t Wait to Buy a Home If you’ve been looking to buy a house, it’s easy to get discouraged. With our local real estate market still the hottest in the country, a lot of buyers have become frustrated after losing out to multiple offers and all-cash sales. While some buyers are considering waiting out the market, here is why that’s not […]
Real Estate What to Do About the Equifax Security Breach You have no doubt heard by now that 143 million U.S. consumers have been affected by the Equifax security breach. It is very likely that you or someone you know has been included in this breach. There are a number of sources you can reach out to in order to confirm the safety of your […]
Real Estate Windermere Neighborhood 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 […]
Real Estate Eastside Market Review – Second Quarter 2017 Windermere’s Eastside Market Review is now available for the second quarter of 2017. You can read the full report online by clicking the image below.
Real Estate Windermere Neighborhood 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 […]
Real Estate The Gardner Report – Q2 2017 The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. I 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 me. Economic Overview The Washington State […]
Real Estate Windermere Neighborhood 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 […]