Uncategorized Local Market Update – November 2018 Increased inventory, slower sales and more price reductions all point to a balancing market—welcome news for price-shocked buyers. Sales prices are up from last October and down from the all-time high reached this spring. Despite the slowdown, it’s important to point out that we’re only moving back toward what a normal market looks like. King and […]
Uncategorized Planning for the Life Expectancy of Your Home Posted in Living by John Trupin  Nothing in life lasts forever – and the same can be said for your home. From the roof to the furnace, every component of your home has a lifespan, so it’s a good idea to know approximately how many years of service you can expect from them. This information can help when […]
Uncategorized The Gardner Report – Third 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. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Agent.  Economic Overview Washington […]
Uncategorized Local Market Update – October 2018 It appears that balance is slowly returning to the local housing market. Home price growth slowed in September. Inventory continued to climb, but is still far short of the four to six months that indicate a normal market. Homes are staying on the market longer, giving buyers the breathing room to make the right choice […]
Uncategorized How to Acquire the Right Appraisal for Your Home Appraisals are designed to protect buyers, sellers, and lending institutions. They provide a reliable, independent valuation of a tract of land and the structure on it, whether it’s a house or a skyscraper. Below, you will find information about the appraisal process, what goes into them, their benefits and some tips on how to help […]
Uncategorized 5 Dangers of Overpricing a Home It is still a great time to be a seller, but the local real estate market has begun to soften. With significant increases in inventory, buyers now have more choices and less sense of urgency. If you are thinking about selling your home, pricing it correctly the first time is critical. Here’s why: If you […]
Uncategorized Local Market Update – September 2018 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 […]
Uncategorized What You Need to Know About the US Luxury Housing Market Posted in Luxury by Matthew Gardner, Chief Economist, Windermere Real Estate  Photo courtesy of West Bellevue Partners | MLS # 1324889 Luxury homes sales across the U.S. continue to perform strongly, but I’m noticing some headwinds starting to appear that are worthy of a closer look. It’s often thought that luxury real estate runs totally independent of the […]
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Uncategorized Amazon confirms major office lease in Bellevue By Matt Day Seattle Times business reporter  Amazon has signed a long-term lease for a second Bellevue office tower, a move that will give the retail and technology giant enough office space for 4,500 employees in the city. Equity Commonwealth, which owns the skyscraper at 333 108th Avenue Northeast, said in a regulatory filing that an Amazon […]
Uncategorized Local Market Update – August 2018 For the first time in years, the real estate market is finally starting to deliver good news for buyers. The region experienced its third straight month of significant growth in inventory.  Homes are sitting on the market longer, prices are moderating, and multiple offers are becoming more rare. Despite the surge in homes for sale, […]
Uncategorized Seattle housing market is under pressure as Chinese buying ‘dries up’ By, Diana Olick CNBC Seattle has been arguably one of the hottest housing markets in America, with home prices rising annually by double digits fueled by scorching demand. There is, however, one outside force that is starting to throw cold water on all that heat: new weakness from once-intense Chinese buyers. The Pacific Northwest city has been […]
Uncategorized Housing crash a distant memory for Seattle homeowners, Zillow says by Karina Mazhukhina / KOMONews.com   Based on a new study released by Zillow, now’s the best time to sell in Seattle, considering that more than 97 percent of homes are worth more now than before the housing market crash 10-plus years ago. (Photo: Pete Saloutos) SEATTLE – Now may be the best time to […]
Uncategorized The Gardner Report – Second Quarter 2018 Economic Overview The Washington State economy added 83,900 new jobs over the past 12 months, representing an annual growth rate of 2.5%. This is a slowdown from the last quarter, but employment growth remains well above the national rate of 1.6%. Employment gains continue to be robust in the private sector, which was up by […]
Uncategorized Another ‘Manhattan moment’: Seattle’s new $19,265-a-month apartment By Danny Westneat Seattle Times staff columnist The latest signpost pointing to our city’s shiny future — or bleak destiny, depending on where you stand — is taking shape in South Lake Union directly across from my office. I’ve never seen it, though. And based on the cheapskate crowd of reporters and nonprofit types I […]
Uncategorized Local Market Update – July 2018 The local real estate market looks like it might finally be showing signs of softening, with inventory up and sales down. More sellers have opted to put their homes on the market. Inventory was up 47 percent in King County and price increases were in the single digits. Despite the increase in inventory and slowdown […]
Uncategorized Home Inventory Jumps, Demand Stays Strong.    New news: Inventory is finally up. New listings and total home inventory took a big leap recently. In King County, more people put their homes on the market in May than any May in the past 10 years. And the total number of homes for sale increased by 40 percent from a year ago. […]
Uncategorized Why High Home Prices And Rising Mortgage Rates Aren’t Stopping Sales   by,  Aly J. Yale , CONTRIBUTOR   Mortgage rates hit their highest point in seven years last month, and home prices have jumped 6.5% since mid-2017. On the West Coast, many cities are seeing double-digit gains in home appreciation. But somehow, home buying isn’t slowing down. In fact, according to the most recent Ellie Mae Origination Insight Report, […]
Uncategorized Local Market Update – June 2018 Last month brought some long-awaited, positive news for buyers with May posting the most new listings in over a decade. Despite the uptick in inventory, most homes are selling in less than a month. Prices haven’t been impacted either, with the majority of the region continuing to experience double-digit home price increases. Eastside >>>Click image […]
Uncategorized Single-family home rents leveling off — and that could be good for buyers, too   By Mike Rosenberg  Seattle Times real estate reporter   Houses with yards and driveways aren’t just for homeownership: You might be surprised to know that 1 in 6 single-family houses across the Seattle metro area is actually rented out. Single-family home rentals are especially important for families who can’t squeeze into a 1-bedroom apartment but don’t […]
Uncategorized TWO SEATTLE COMPANIES HAVE BUILT THE SMART HOME OF THE FUTURE   BY: CHELSEA LIN | FROM THE PRINT EDITION | MAY 2018   Picture this. After a long day in the office, you park your car in the garage and before you enter your home, you click an “I’m home” button from an app on your smartphone, the doors unlock, and all the lights turn on. You enter […]