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Local Market Update – February 2018

Local Market Update – February 2018

With competition for homes growing and inventory shrinking, the real estate market in January was as hot as ever. Home prices were up by double digits as buyers chased severely limited inventory. The number of homes for sale hit a record low for the month of January, which should strongly favor sellers as we move […]

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Annual change in home sales

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. […]

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Local Market Update – January 2018

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 […]

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New Year’s Tips for Buying and Selling

Now that the end of the year is upon us, it’s time to start thinking about some New Year resolutions. If your 2018 resolution is to buy or sell a home, here are some suggestions to help you along the way. For everyone else, we’ve added some tips about building equity and investing in updates […]

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Local Market Update - December 2017

Local Market Update – December 2017

It looks like we’re skipping the normal holiday slowdown this season with brokers reporting crowded open houses and competitive bidding in many areas. However, since sellers who list their homes at this time of the year are usually motivated to move soon, the holidays are still a good time to buy. Some of the best […]

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Empty Nesters: Remodel or Sell?

Empty Nesters: Remodel or Sell?

Your kids have moved out and now you’re living in a big house with way more space than you need. You have two choices – remodel your existing home or move. Here are some things to consider about each option. Choice No. 1: Remodel your existing home to better fit your current needs. Remodeling gives […]

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Local Market Update - November 2017

Local Market 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 […]

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Local Market Update - October 2017

Local Market Update – October 2017

The typical seasonal slowdown of new listings in September added to frustration for buyers who are competing for a very limited number of homes. Strong job growth continues to fuel demand. The state added 83,000 new jobs in the month of August, and September looked to be just as robust. The result? King, Pierce and […]

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Selling Your Home

We have SOLD all of our listings. If you have been thinking of selling, now is a great time to sell.  Property prices have appreciated back to pre-2007 levels, interest rates are still low and we have a shortage of inventory. Contact us if you would like to discuss the possibility of selling your home.

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Why You Shouldn't Wait to Buy a Home

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 […]

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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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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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26

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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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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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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