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

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

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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Local Market Update – December 2016

Buyers spooked by a spike in mortgage interest rates gave rise to the busiest November for homes sales in over a decade. Prices rose accordingly. Case-Shiller ranked the area as the housing market with the fastest rising prices in the country. Sellers can expect to get a premium for their homes as we move into […]

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Housing Market Continues Strong

Housing Market Continues Strong As we near the end of our current market year, I find it informative to look back on the market performance over the course of several months to better understand what may be ahead of us. That is what I bring to you in this article. The chart above is for […]

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Topping the Nation in Home-Price Growth

For the first time in nine years, Seattle has topped the nation in home-price growth according to the latest S&P Case-Shiller home price index. Home prices rose 11 percent in September over a year ago, narrowly beating Portland whose prices grew by 10.9 percent. According to The Seattle Times, Seattle had been second in the […]

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22208 36th Ave W, Mountlake Terrace WA 98043

Sold with 7 offers.  8% over list price for $465,000. MLS#1052697 / $429,000/ 3 bed / 2.75 bath / 1,828 sq feet / 8,276 sq foot lot Completely updated and in immaculate condition, this home shows like a model. 3 beds plus office and 2.75 baths. Gorgeous kitchen with slab granite and stainless appliance, fully updated baths, […]

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Months of Inventory

In the past several months, we have watched the median price continue to climb in our region resulting from the robust demand for housing compared to the lean supply of housing. In classic economic theory, when demand outstrips supply, prices go up. The charting system that we use looks at those median price values for […]

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The Gardner Report – Third Quarter 2016

Economic Overview Annual employment growth in Washington State slowed somewhat in the third quarter of this year, but still remains well above the long-term average. Additionally, the jobs that are being created are primarily quality, high-paying positions, which is important for the health of our economy. Unemployment in the state remains at levels that are […]

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Local Market Update – October 2016

At a time of year when sales traditionally slow down, September saw particularly strong sales growth. Home prices rose yet again compared to the same time last year, but they remain below the peak of several months ago. And inventory, while still low, is at its highest level in two years. The local real estate […]

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The 10 Year Median Price Story – Quite a Ride!

The Big Picture Charts are beautiful. They offer us an efficient visual picture of otherwise boring data and detail, and from a glance, we can quickly see major trends and patterns that would otherwise take hours to assimilate. I would invite you to glance at each of these charts, see what you perceive from those […]

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Will Seattle Be Part of the Next Big Tech Corridor?

Seattle and Vancouver, B.C. are two nearly identical cities in the Pacific Northwest. We’re both eco-conscious, have similar weather patterns, and are creating exceptional technologically-based economies. Vancouver has more in common with Seattle than it does with any of its other Canadian cities even though they are separated by an international border and 140 miles […]

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27815 NE 149th Ct, Duvall

Sold for $476,000 with three offers!  10% over asking price. MLS#1039106 / $435,000 / 3 bed / 2.5 bath / 1,780 sq feet Enjoy this highly finished quality built home in The Ridge by premier builder John Buchan. Bright & open with vaulted ceilings. Warm family room with fireplace attaches to bright updated kitchen & […]

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2050 89th Ave NE, Clyde Hill WA 98004

Sold for $2,230,000 with a cash offer. MLS #1027165  / $2,400,000 / 4 bed / 2.75 bath / 4,670 sq feet / 20,295 sq foot lot The western wall of windows in this expansive home offers up panoramic views of Lake Washington, the Olympic Mountains, Seattle skyline, and gorgeous sunsets. This mid-century, Clyde Hill rambler […]

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Seattle is No. 1 U.S. Choice for Foreign Investors

Over the past few years we have watched people flock to the Seattle area in record-breaking numbers. Most have attributed this rapid growth to the tech boom, which has certainly played a huge role in tech employees’ eagerness to relocate to the Puget Sound. Last week The Seattle Times released an article that discussed more […]

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Local Market Update – September 2016

While homes prices were up by double-digits compared to a year ago, the market frenzy that has affected most of this year is showing some signs of moderating. With the exception of the Eastside, prices for most of the region were down from their peak. Home sales generally outpaced the same period a year ago, […]

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Help for Buying a Home Now

Think you can’t afford to buy a house? There are a number of programs that can help make the dream of buying a home a reality. You don’t need to put 20% down. Fannie Mae and Freddie Mac have down payment requirements as low as 3%. If you’re a vet or active military, a VA […]

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