Local Market Update - September 2017

Local Market 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 […]

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Are We in a Housing Bubble?

Are We in a Housing Bubble?

As home prices in King County have reached record highs, some people are wondering whether we are approaching another housing bubble. While it’s true that home prices here have surpassed the last peak hit during the housing bubble, that doesn’t mean we are in bubble territory today. The last bubble was fueled by faulty mortgage […]

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Local Market Update - August 2017

Local Market 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 […]

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The Gardner Report - Second Quarter 2017

The Gardner Report – Second Quarter 2017

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 us. Economic Overview The Washington State […]

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11654 238th Pl NE, Redmond WA 98053

MLS #1163614 / $700,000 / 2 bed / 2 bath This turn-key, Bainbridge floorplan home is perfectly staged & immaculately maintained. Located in the 55+ Trilogy Community it offers comfortable, spacious living with its open floor plan, soaring 9’ ceilings & large skylights. Two spacious bedrooms with en-suites baths. Large den, dining room & open […]

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14445 124th Ave NE, #30, Kirkland WA 98034

Sold with a CASH buyer MLS #1163701 / $325,000 / 3 bed / 1.5 bath / 1,352, sq ft Dont miss this two-story, three bedroom townhome with attached garage/storage. Quiet location at the back of the small complex. Super convenient Totem Lake location with easy access to the 124th or 160th St exits on 405. Spacious […]

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Local Market Update - July 2017

Local Market 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 […]

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Record-Setting Home Sales Across Country

The super-hot housing market isn’t confined to the Puget Sound region. Across the country, record-setting home sales are making headlines. The high demand and tight supply of homes available is causing prices to rise and many homes are snapped up in just days. According to CNBC, “Denver led the nation in fastest sales, with nearly […]

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Local Market Update - June 2017

Local Market Update – June 2017

The hottest real estate market in the country just keeps getting hotter. Despite a large number of new listings, home prices in the Puget Sound area continued to set records in May. According to a Seattle Times article, “For the first time since the 2007 housing bubble, every county in the central Puget Sound region […]

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9630 S 232nd ST, Kent WA 98031

MLS# 1140829 / $550,000 / 5 bed plus den and bonus / 3,380 sq feet / 3 car garage Spacious elegance awaits you in this very well maintained, 5 bed, plus den and bonus, centrally located home that backs to a greenbelt. Cul-de-sac location with private and serene, fully fenced back yard. Huge master suite […]

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12826 NE 5th Pl, Bellevue, WA 98005

Sold for $975,000 MLS # 1138977 / $975,000 / 5 bed / 2.5 bath / 2,350 sq feet +300 sq ft unfinished / 10,100 sq ft lot Classic beauty in Bellevue’s Glendale neighborhood. This immaculate, Northwest Contemporary offer a serene and peaceful retreat from the city with its cul-de-sac location & lush, low maintenance landscaping. Enjoy […]

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Seattle Area Popular With Residents & Outsiders

Seattle Area Popular With Residents & Outsiders

It seems like a tale as old as time. Many people are wanting to move to Seattle, but no one else really wants to leave. This leads to our favorite real estate headline for the last several years: inventory is low, prices are rising. Seattle-based Zillow recently analyzed searches on their website and compared the […]

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Windermere’s Chief Economist Weighs in on White House Uncertainty

Windermere Real Estate Chief Economist, Matthew Gardner, was interviewed by real estate industry news leader, InmanNews, on what impact recent White House turmoil could have on the U.S. housing market. This is what he had to say: Windermere Chief Economist Matthew Gardner says that housing will be isolated from yesterday’s events, at least for now. “Financial markets […]

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15625 119th Ave NE, Bothell

Sold within a week for full price! MLS #1120997 / $650,000 / 5 Bed / 3 bath / 3,060 sq ft Over 3,000 square feet of spacious living in this very well maintained and pre-inspected home. Close to Kirkland and situated just across the street from Northshore Junior High and Woodmoor Elementary, this home is […]

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Local Market Update - May 2017

Local Market Update – May 2017

The local real estate market—already the hottest in the country—set yet another price record in April. The number of homes for sale dropped 27 percent compared to a year ago, the lowest amount of inventory ever recorded for a spring month. The historically low supply of homes is making competition among buyers fierce. Sellers are […]

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Best Places In Washington To Raise A Family

WalletHub, whose website helps with all things credit and personal financial choices, has recently put together a list of the Best Places to Raise a Family in Washington. The Eastside is strongly represented in the Top 10 and looks to rank pretty high overall! According to their report, “Washingtonians earn the 12th highest per-capita personal […]

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Local Market Update - April 2017

Local Market Update – April 2017

While we finally saw an increase in new listings in March, there was an even greater jump in sales. Lack of supply continued to push prices to new record highs. For the fifth straight month, our region has experienced the sharpest home price increases of any major market in the country. While that may be […]

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Local Market Update - March 2017

Local Market Update – March 2017

Home prices are growing faster in our region than anywhere else in the country. After a brief slowdown last month, home prices in February jumped to new record highs. The reason? The lowest number of homes for sale on record. The surge in prices came well ahead of the normal seasonal spring uptick, adding even […]

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Inventory Measured in Days, Not Months

Perspective can often be greatly enhanced by stepping back and looking at the “big picture,” and that is what I will try to convey in this offering today. The “big picture” in this case is achieved by taking a look at how the real estate market was performing in another time, then comparing it to […]

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Local Market Update – February 2017

The local real estate market remains very hot with extremely low inventory and prices that are rising faster than anywhere else in the country. However, that rate of price growth appears to be cooling from last year, dropping to its slowest pace in three years. Predictions of more interest rate hikes may further limit price […]

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The Gardner Report – Fourth Quarter 2016

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 us. ECONOMIC OVERVIEW Washington State finished […]

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Local Market Update – January 2017

A record low number of houses for sale in December indicates that 2017 will continue to be a very competitive market for buyers. The good news: those who decide to take the plunge and list their home can count on getting a premium price for their property. Brokers reported that about three-fourths of the homes […]

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