Local Market Update 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 […]
Buying & Selling Record-Setting Home Sales Across Country The super-hot housing market isn’t confined to the Puget Sound region. Across the country, homes are selling at record-setting paces. 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 […]
Local Market Update 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 […]
Buying & Selling Existing Homes Selling Faster and Faster According to a recent report by the National Association of Realtors, existing homes are selling faster than they have since they began tracking them in May of 2011. Across the nation, homes were on the market for an average of 29 days before selling. In Seattle, homes were on the market for an average of […]
Local Market Update 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 […]
Local Economy 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 […]
Local Market Update 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 […]
Buying & Selling How Seller Gridlock is Controlling Seattle’s Housing Market The typical Winter cooldown is over and it seems like a scorching Spring housing market is already underway in the greater Seattle area. Recent statistics reported by The Seattle Times show “home prices in Seattle have nearly doubled over the last five years,” while the number of homes for sale has hit its lowest point […]
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Local Market Update 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 […]
Local Market Update 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 […]
Local Economy The Gardner Report – Fourth Quarter   ECONOMIC OVERVIEW Washington State finished the year on a high with jobs continuing to be added across the market. Additionally, we are seeing decent growth in the area’s smaller markets, which have not benefitted from the same robust growth as the larger metropolitan markets. Unemployment rates throughout the region continue to drop and the […]
Buying & Selling First Time Buyers, Millennials, and What to Expect in 2017 Windermere’s Chief Economist Matthew Gardner is back again to talk about what the 2017 housing market means for first time buyers and millennials. Here are some of his thoughts… I believe that the big story for the coming year will be first-time home buyers. Since they don’t need to sell before purchasing, their reemergence into […]
Local Market Update 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 […]
Buying & Selling 2017 Housing Forecast: Local Market No. 4 in US According to Veros Real Estate Solutions, the Seattle-Tacoma-Bellevue market is projected to be the fourth hottest real estate market in the U.S. in 2017. The company projects home prices to appreciate 10.2 percent in our region next year, far outpacing the rest of the country. If you’re thinking about selling, the timing couldn’t be better. […]
Local Market Update Local Market Update – November 2016 Home sales outgained new listings again in October, further squeezing already tight inventory and pushing prices higher. Since new listings traditionally decrease in the fall, that inventory shortage is expected to last until spring. Sellers willing to put their home on the market now can expect plenty of interested buyers, and a highly favorable chance […]
Buying & Selling 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 […]
Local Economy 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 […]
Local Market Update 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 […]
Buying & Selling 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 […]
Local Market Update 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, […]