Real Estate

Local Market News, Real Estate, Real Estate Trends

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, Real Estate

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 […]
Real Estate

To Buy New or Old, That is the Question

We are often asked, “Which is the better buy, a newer or older home?” Our answer: It all depends on your needs and personal preferences. We decided to put together a list of the six biggest differences between newer and older homes: The neighborhood Surprisingly, one of the biggest factors in choosing a new home […]
Local Market News, Real Estate, Real Estate Trends, Statistics, Uncategorized

Local Market Update – September

The number of homes for sale in August increased dramatically over the same time a year ago. This is the result of a moderate increase in new listings and a much slower pace of sales. Homes are staying on the market longer, giving buyers more choices and more time to make an informed decision. While […]

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 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 […]

Real Estate To Buy New or Old, That is the Question We are often asked, “Which is the better buy, a newer or older home?” Our answer: It all depends on your needs and personal preferences. We decided to put together a list of the six biggest differences between newer and older homes: The neighborhood Surprisingly, one of the biggest factors in choosing a new home […]

Local Market News Local Market Update – September The number of homes for sale in August increased dramatically over the same time a year ago. This is the result of a moderate increase in new listings and a much slower pace of sales. Homes are staying on the market longer, giving buyers more choices and more time to make an informed decision. While […]

Local Market News What’s Really Happening in the Housing Market? Our housing market is finally cooling a bit, from scorching hot to slightly-less-sweltering. While some alarmists are talking bubble or impending crisis, the statistics tell a different story. The market does appear to be shifting, and that’s good news! The steep price increases of the past few years are not sustainable, and also risk pricing […]

Real Estate Eastside Market Review – First Quarter 2018 The available supply of homes on the Eastside continued to fall short of demand in the first quarter of 2018. With just two weeks of available inventory, competition for homes remained intense. The result was a steady growth in home prices. The median price of a single-family home hit new highs in the first quarter and […]

Real Estate The Gardner Report – First Quarter 2018 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. Economic Overview The Washington State economy added 96,900 new jobs over the past 12 months, representing an annual growth rate […]

Local Market News How Tax Reform Affects Homeowners…What You Need to Know! New tax legislation was signed into law at the end of 2017, and it included some significant changes for homeowners. These changes took effect in 2018 and do not influence your 2017 taxes. Here’s a brief overview of this year’s tax changes and how they may affect you. The amount of mortgage interest you […]

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. […]

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 […]

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 […]

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 […]