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Blog The Gardner Report – Q2 2017 Economic Overview The Washington State economy has been expanding at a rapid pace but we are seeing a slowdown as the state grows closer to full employment. Given the solid growth, I would expect to see income growth move markedly higher, though this has yet to materialize. I anticipate that we will see faster income […]
Blog 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 […]
Blog Local Market Update – May 2017 Each month, Windermere Real Estate releases a statistic report breaking down median sales prices, months of inventory, and closed sales. These reports are perfect for watching the growth and success of our local real estate market. If you’re looking for a more detailed explanation of our housing market, feel free to reach out to me. […]
Blog The Gardner Report – Q1 2017 Windermere’s Chief Economist Matthew Gardner prepares a report every quarter outlining the Western Washington real estate market and shares his predictions for the months ahead. He recently released his latest report on the first quarter of 2017. Take a look at his full report below. We would be happy to provide you any numbers and housing […]
Blog Local Housing Market Update – March 2017 Each month, Windermere Real Estate releases a statistic report breaking down median sales prices, months of inventory, and closed sales. These reports are perfect for watching the growth and success of our local real estate market. If you’re looking for a more detailed explanation of our housing market, feel free to reach out to me. […]
Blog How Long Do Families Stay in a Home? The National Association of Realtors (NAR) keeps historic data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average […]
Blog Seattle Times Market Digest – May 2016 The Seattle Times has just released the May 2016 issue of the Seattle Market Digest that is full of current market information for our area. These areas include the Labor Market, Retail Market, Regional Development, Travel Market, Economy, and of course, the Real Estate Market. The review features highlights of each with promising rankings for Washington and […]
Blog The Gardner Report – Q1 2016 Matthew Gardner, Windermere’s Chief Economist, has just released his latest quarterly report for the real estate market in Western Washington. He breaks down the economic overview of the region as well as what happened in the housing market over the last three months. Gardner Report Highlights: • “Washington State has seen very robust growth over the […]
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Blog Supply of Inventory Affects Housing Market The supply of available homes remains at critical levels, with both King and Snohomish counties showing less than a month’s supply of inventory. With demand far outstripping supply, home prices increased by double-digits over last year throughout the Puget Sound area. The red hot market allows sellers to call the shots. Since some sellers are […]
Blog King County Had Almost Half of 2015’s 30 Most Competitive Neighborhoods in America We probably don’t need to tell you that 2015 was a crazy year in real estate, especially in our area. Bidding wars and listings lasting mere days on the market is something we’ve all grown accustomed to. But it turns out we’re not alone. Curbed recently published an article that focused on the 30 most […]
Blog Seattle Times Market Digest: January 2016 Happy New Year! The Seattle Times has just released the January 2016 issue of the Seattle Market Digest that is full of current market information for our area. These areas include the Labor Market, Retail Market, Regional Development, Travel Market, Economy, and of course, the Real Estate Market. The review begins by featuring highlights of each with promising rankings for […]
Blog Windermere Agents Excel in Multiple Offer Deals Sales Over List Price and Multiple Offers Did you know that 44 percent of home sales involve sales over list price and multiple offer situations? In fact, buyers working with a Windermere Real Estate broker are 18.4 percent more likely to win in these situations.* We work tirelessly to make sure that not only do […]
Blog Western Washington Real Estate Market Update Economic Overview After a period of above-average growth, Washington State has seen a modest slowing in employment growth, but we continue to add jobs at a respectable rate. The State unemployment rate was measured at 5.3%, marginally above the national level, but it is trending in the right direction. Although growth continues to be uneven […]
Blog Local Housing Market Update – October 2015 The statistics have been released for last month’s local housing market. Strong sales continue to whittle down a dwindling supply of homes. The lack of supply to meet demand kept driving home prices upward in September. While the Puget Sound area saw steady appreciation over a year ago, there are signs that that the frenzied level […]
Blog Eastside Market Review Third Quarter 2015 The Eastside Market Review, a quarterly housing market report, has recently been released for the third quarter of 2015. You can take a look at our local market and see what’s available in Seattle’s Eastside. Take a look at the online version by clicking the image below. If you think you’re ready to jump into the […]