Local Market News

Buying a Home 3 Reasons We’re Definitely Not in a Housing Bubble Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. […]
Local Market News Which Local Neighborhoods Closed Strongest in 2020? It’s no question that 2020 was an unprecedented year in just about every way possible — including real estate. Low inventory and high demand sent home prices skyrocketing, ratcheting up the competition in King County’s already hot market. This competition didn’t slow down in the winter months either, as neighborhoods continued to see a rise […]
Community News Seattle Remains No.2 City for Relocation, Despite Remote Work Options Much work in 2020 has shifted from high rises and board rooms to home offices and video calls. While some employees are itching to get back to the office and resume business as usual, it was initially believed that another subset of Seattle’s sizeable tech force was considering life outside the city. This prediction was […]
Local Market News Local Market Update – November 2020 The number of people who can work remotely may be changing the way we view our homes, but one trend has not changed. The local housing market in October remained unseasonably hot. And that doesn’t show signs of changing any time soon. October saw continued low inventory and record-level sales, with the number of sales […]
Economy Local Market Update – September 2020 August saw the lowest number of homes for sale in more than 20 years and the lowest mortgage rates on record. Sparse inventory and high demand pushed home prices to new highs. With pending sales outpacing new listings, inventory continues to shrink. King and Snohomish counties each have about a two-week supply of available homes. […]
Community News How Is Remote Work Changing Homebuyer Needs?   With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still need to live close to my company’s office building? Do I need a larger home with more office space? […]
Community News Seattle Poised for Faster Recovery than Many Other Cities   It may feel like a tired refrain after nearly three months of quarantine, but it remains true: it’s still too early to truly tell the toll COVID-19 will take on our economy — both locally and nationally — until we are able to fully reopen and jumpstart  area businesses. Thanks to our diversified economy, […]
Economy Windermere Insights: How COVID-19 is really impacting local real estate   The challenges presented by COVID-19 have been felt locally by every home buyer, seller and real estate broker. Residential real estate, which was moving at breakneck speed through February, came to a screeching halt for two weeks in March after the initial Stay Home order was implemented. As soon as Governor Inslee declared real […]
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Economy Western Washington Real Estate Market Update   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.   A […]
Community News Use Seattle’s New Data Portal to Track Housing Affordability, Stats, & More The City of Seattle recently unveiled Performance Seattle: a website where residents and government employees can dig into what’s going on in our city and see how well Seattle is performing. The site currently houses seven dashboards, tracking the city’s performance on everything from basic services to housing affordability to homelessness. It illustrates the city’s progress with data visualizations like graphs, maps and charts […]
Buying a Home 2020 Luxury Market Forecast By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury space. That said, now is […]
Economy Local Market Update – November 2019 A steady influx of buyers continued to strain already tight inventory throughout the area in October. Home sales were up, as were prices in much of the region. With our thriving economy and highly desirable quality of life drawing ever more people here, the supply of homes isn’t close to meeting demand. Homeowners thinking about […]
Buying a Home Local Market Update – October 2019 While fall usually brings a decrease in sales activity, the opposite was true in September. The number of listings on the market dropped by double digits and home sales rose. It is still a seller’s market, however prices have stabilized. With interest rates near historic lows and employment levels at historic highs, the housing market […]
Community News AMAZON COULD BRING THOUSANDS OF DOGS WITH IT TO NEW BELLEVUE OFFICE Of all the impacts posed by thousands of new Amazon employees migrating to the Eastside, Bellevue officials perhaps weren’t expecting this — this could get ruff. The Puget Sound Business Journal went through a series of emails among Bellevue city employees, and found that officials are now preparing for thousands of dogs that will likely come […]
Economy The Gardner Report | Q2 2019 – Western Washington The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. I 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 me. Economic Overview Washington State employment […]
Local Market News Windermere Living – Spring 2019 The Spring 2019 issue of Windermere Living showcases rising talents in interior design, spring refresh strategies, easy brunch ideas for your next get together and a helpful houseplant guide. Windermere Living is an exclusive listings magazine published by Windermere Real Estate. Read the online version by clicking on the image below. This post originally appeared […]
Local Market News 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, […]
Local Market News How Windermere Wins with Chinese Buyers Chinese buyers continue to strongly influence our local market.  According to a report by Chinese website Juwai, the Seattle/Eastside area is the #3 most popular choice in the U.S. for Chinese buyers behind Los Angeles and New York City. Windermere specifically targets this lucrative market.  Windermere properties are listed on the Chinese real estate website, Juwai, which has 2.6 […]
Local Market News Eastside Market Review – Third Quarter 2017 Our Eastside Market Review is now available for the third quarter of 2017. You can read the full report online by clicking the image below.
Local Market News What to Expect for the Rest of 2017 We’re more than halfway through 2017! That means it’s time to reflect on national housing market predictions from the beginning of the year and look ahead to what we can expect for the remainder of the year. As a reminder, in early 2017 experts anticipated price growth would slow, inventory would bottom, and mortgage rates […]