Local Market News

Local Market News What I’m Seeing – February 2021 The excitement continues! This past month I helped 2 of my buyers secure their dream homes despite multiple offers, 3 of my new listings sold before hitting the market, and 2 more sold within days with multiple offers. I have several more listings coming this month and I anticipate more of the same. I’m beginning […]
Local Market News What I’m Seeing – January 2021 As I expected, we are continuing to see a very strong seller’s market with incredible demand from buyers resulting in favorable outcomes for sellers. My two most recent listings sold above list price in less than a week with a total of 35 offers! With such a competitive market for buyers, it’s critical to be […]
Local Market News What I’m Seeing – December 2020 2020 continues to keep us on our toes. For a short time open houses were allowed, but currently, we are only able to show homes by appointment. Fortunately, we are still able to sell homes safely by taking appropriate precautions. Given the continuing inventory shortage, it’s important for buyers to plan ahead and be flexible […]
Local Market News What I’m Seeing – November 2020 Despite election uncertainties, our real estate market remained robust. Continuing inventory constraints have prompted buyers to be more creative, extending their search areas and considering presale and off-market new construction options. I have traveled from Quincy to Enumclaw to Auburn the past few weeks, successfully helping my buyers find new primary or secondary homes. Are […]
Local Market News What I’m Seeing – October 2020 Wow, what a market! With online schooling and more people working from home, I am seeing a real shift in housing needs. Many people now require multiple spaces to accommodate these lifestyle changes. Rural properties have never been hotter as buyers seek more space, both inside and outside. I had a record number of closings […]
Local Market News What I’m Seeing – September 2020 Incredibly attractive interest rates continue to increase buying power. I anticipate some relief for buyers struggling with low inventory with more homes coming on the market as people settle into their post-summer routines. If you are considering a change this year, please reach out so we can discuss how I can help!   BY THE […]
Local Market News What I’m Seeing – August 2020 July stats reflect last month’s strong real estate market with increases in price and value and a decrease in the number of days on market.  So far August feels more like our traditional summer market. I’m starting to see signs of things calming down a bit, with fewer multiple offers bringing a welcome reprieve to […]
Local Market News What I’m Seeing – July 2020 The past few weeks I’ve had the pleasure of working with buyers across the price-spectrum – from investors looking for $300k condos to buyers in the $2M+ range. Inventory remains tight across the board. Sellers that have pre-inspected, prepped/staged their homes, and priced them appropriately, are getting a great response. However, if a property is […]
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Local Market News What I’m Seeing – June 2020   As restrictions ease, real estate is normalizing, also. New sales in King County were the same last week as a year ago. Inventory remains limited so it’s an excellent time to sell. For buyers, competition is highly dependent on the area and price point. Being conditionally approved for a mortgage (rather than simply pre-approved) […]
Local Market News What I’m Seeing – May 2020 The big news this month is that builders are back to work! With low-interest rates and some builders offering incentives, now is a great time to consider new construction. The resale market is very price-sensitive with well-priced listings moving quickly. Bullish Sellers, on the other hand, are seeing extended market time even in our low-inventory […]
Local Market News The Gardner Report – First Quarter 2020 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 in making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me. A MESSAGE FROM MATTHEW GARDNER […]
Local Market News What I’m Seeing – April 2020 I hope everyone is well and making the best of staying home. As with everything during this time, real estate is changing and evolving as we go. Governor Inslee recently deemed real estate as an essential service, so long as required precautions are followed. Showings are by appointment only and with a total of 2 […]
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. […]
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 […]
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 […]