Quarterly Economic Update for Western Washington

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I am pleased to present the first-quarter 2019 edition of the Gardner Report, which provides insights into select counties of the Western Washington housing market. This analysis is provided by Windermere Real Estate Chief Economist Matthew Gardner. I hope that this information will 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.

Click to view the full report

When you shop at a local Farmers Market, you’re buying outstanding freshness, quality and flavor. Knowing exactly where your food comes from and how it was grown provides peace of mind for your family. Plus, you’re supporting a sustainable regional food system that helps small family farms stay in business; protects land from development, and provides the community with fresh, healthy food. Find one near you!
We are collecting vegetable seeds and starts for the Martha Perry Garden, where volunteers grow thousands of pounds of fresh produce every year for local food banks.

My office will be spending a volunteer day in the garden for our annual Community Service Day in June. In addition to our labor, we will gift them all of the vegetable seeds and starts collected between now and then.

All seeds should be no more than a year old, although fresh seeds are preferred.

Wish List:
Basil, Beets, Cabbage, Carrots*, Cauliflower, Chard, Cucumbers, Green Beans, Herbs, Marigolds, Peppers, Radishes, Summer Squash, Snow Peas, Tomatoes, Winter Squash, Zucchini
*High Demand!

Starts of cucumbers, winter & summer squash, cole crops (cabbage, cauliflower, broccoli, kale, etc) are especially welcome.

Thank you!!

Thank you for another successful Shred Day!

Two full truckloads of paper were safely shredded and recycled.

We love providing this service for our clients, friends and neighbors, but what we’re really excited about is how you all gave back to the community. Your donations provided 534 pounds of food and $1,129 to benefit Concern for Neighbors food bank. Thank you!

Do you want to be “In the Know” in your neighborhood? Sign up for a monthly overview of what’s happening in the zip code(s) of your choice. Neighborhood News is a great tool to stay informed about the home values and activity in your own backyard or to study a new market you may be interested in. Click here to sign up on my website.
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Posted on April 30, 2019 at 3:46 pm
Ginna Demme | Posted in Market Updates |

Consulting Your Trusted Advisor Vs. Following the Media

Spring is in the air! The bulbs are starting to poke out of the ground and we recently hit 70 degrees in the Greater Seattle area. This is the time of year, due to weather and the end of the school year approaching, that the local real estate market starts to take off with activity. Not only is the sun thawing out gardens and backyard patios, helping to ready homes for market, but interest rates are continuing to fall, providing a heyday for buyers and sellers.

Spring is the time of year we see more homes come to market providing more selection for buyers. This is what we call our peak season. This spring, however, is especially meaningful due to the recent decrease in interest rates. Seasonality naturally brings more activity, but 2019 has started out with a downward trajectory in regards to interest rates, which has been a welcome shift after watching rates increase by almost an entire point over the course of 2018.

According to Ycharts.com, as of March 14th the US 30-year mortgage rate is at 4.31%, compared to 4.41% the week prior and 4.46% last year. This is quite a bit lower than the long term average of 8.07%. Additionally, rates are now over half a point lower than they were just four months ago, which gives buyers 5% more buying power. Meaning they can increase their price range by 5% and keep the same mortgage payment.

We are beginning to see a ton of activity at open houses, market times are starting to shrink, and multiple offers are popping up again. Demand is on the rise, with first-time home buyers out in full-force along with move-up and down-size buyers all going after the same inventory. Price appreciation will start to happen again month-over-month as the tulips start to open and veggie gardens start sprouting.

This assessment is not only factual and researched, it is anecdotal. You see, statistics are only reported monthly from the NWMLS, so the stories from the streets tell the real story of where we have been, what’s happening now, and where we are headed in the real estate market. My daily engagement with the market, either helping buyers or sellers, researching values, showing properties, negotiating contracts, and working on inspections and appraisals helps me to be informed of the trends before they are even reported.

Around the third of each month, the NWMLS distributes a press release to the media reporting the previous month’s statistics. The media grabs the numbers that are most exciting to them to craft a story around. They create headlines to entice readership, which in turn sells advertising. The problem is that these news stories often only tell part of the story.

A classic example of cherry picked statistics used to create a headline came earlier this month. The Seattle Times reported in a sub-headline that Snohomish County home prices were falling at their fastest rate in seven years. This is simply not the whole truth. This is a common tactic of the media often only using month-over-month numbers (comparing the current month to the same month a year ago) versus a complete year-over-year analysis. Real estate is a long-term investment, and month-over-month numbers tend to provide more of a snapshot rather than a longer-term analysis of data and what influenced it.

We need to look at the data from all angles. Where were we a year ago, what has happened over the course of the last year in comparison to the previous year, and what happened this month compared to last month? Real-time experiences matter too, as the market changes weekly and even daily. Interactions throughout the month help me understand what opportunities the current environment will provide before the ink even dries on the media release. All of this helps us understand where we have come from and where we are headed. Couple that with front-line, daily experiences, and your trusted advisor can help you determine how all of this relates to your bottom line much more effectively than an article in the newspaper.

Another important factor to consider is that the bulk of the statistics reported in that monthly NWMLS press release are based on closed sales. While closed sales are very important, we must also closely track pending sales activity (homes currently under contract). Closed sales show where we have been and pending sales indicate where we are headed. February was a misleading month because of Snowmageddon. It halted new inventory reaching the market and kept buyers at home. The second half of February once the roads were cleared, had buyers lined up. Many of those buyers are anxiously waiting for that seasonal surge in inventory as we head into spring. This is indicated by conversations being had at open houses and one-on-one encounters with clients. Buyers want to take advantage of these surprisingly low interest rates now and sellers are enjoying the audience they are providing.

Unfortunately, the media is the initial source of information, and sometimes the only source a consumer considers when making such big decisions. I can’t tell you how often I encounter people that are grossly misled by alarming headlines and bite-sized bits of media when it comes to their largest asset, or the consideration of entering into home ownership.

Supply and demand illustrates where we are at in the market, and factors such as interest rates, the local and global economy, and simple things like weather and consumer mindset drive the market. Consumer mindset is influenced by the media. Take it a step further and make sure you are aligned with a professional who is committed to tracking all of this and can help explain how it all relates to you. Everyone has their own goals and their own concerns; it is the analysis of a well-researched trusted advisor that can help you navigate these meaningful financial decisions. It is my goal to provide my clients with the most up-to-date information to help empower strong decisions. If you are curious how this all relates to you, please reach out. I’d be happy to discuss and help educate.

Growing your own vegetables is both fun and rewarding. It might seem intimidating if you’ve never done it before, but once you get started, you’ll find it isn’t very hard. Gardening is a learning experience, though. You’ll find that some things work better than others, and every planting season gives you another opportunity to make some tweaks and try again.

The first thing you need to decide is where to plant. For most veggies, this should be the sunniest spot you have. And of course, the second big question is what to plant. Go for the things you love to eat, as well as plants that will thrive in the amount of sun you have.

Our climate in the Pacific Northwest requires some crops to be started indoors in the winter and transplanted outside in the spring. But it’s not too late to get started. There are lots of plants that you can sow directly into the garden in early spring. Here are a few:

There are also many crops that can be planted in the summer for a fall harvest. Click here for a complete timeline of planting vegetables in the Seattle area.

Celebrate Earth Day with us! Bring all your sensitive documents to be professionally destroyed on-site by Confidential Data Disposal. Limit 20 file boxes per customer.

We will also be collecting non-perishable food and cash donations to benefit Concern for Neighbors Food Bank. Donations are not required, but are appreciated.

Saturday, April 20th, 10am – 2pm.
4211 Alderwood Mall Blvd, Lynnwood 98036

*This is a shredding-only event. Only paper will be accepted – no electronics or recyclables.

Do you want to be “In the Know” in your neighborhood? Sign up for a monthly overview of what’s happening in the zip code(s) of your choice. Neighborhood News is a great tool to stay informed about the home values and activity in your own backyard or to study a new market you may be interested in. Click here to sign up on my website.
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Posted on March 26, 2019 at 10:19 am
Ginna Demme | Posted in Newsletter Blog |

The current break-even horizon* in the seattle metro area is 1.69 yearS!

 

*The amount of time you need to own your home in order for owning to be a superior financial decision.

 

 

With expensive rental rates, historically low interest rates, and home prices softening, there are advantages to buying versus renting.

 

In fact, the Seattle Metro area has seen some of the sharpest rent hikes in the country over the last few years! There are several factors to consider that will lead you to make the best decision for your lifestyle and your financial bottom line. Zillow Research® has determined the break-even point for renting versus buying in our metro area. In other words, the amount of time you need to own your home in order for owning to be a superior financial decision. Currently in Seattle, the break-even point is 1.69 years – that is quick! What is so great about every month that ticks away thereafter, is that your nest egg is building in value.

 

I am happy to help you or someone you know assess your options; please contact me anytime.

 

 

 

These assumptions are based on a home buyer purchasing a home with a 30-year, fixed-rate mortgage and a 20 percent down payment; and a renter earning five percent annually on investments in the stock market.

 

 

Read the full article on the Zillow Research website here

 

 

 

 

Zillow Research® is a trademark of Zillow, Inc.


Posted on February 27, 2019 at 12:16 pm
Ginna Demme | Posted in Newsletter Blog |

2018 Year in Review

2018 was a year of growth and change. The dynamic greater Seattle area and hottest real estate market in the country started to head toward some balance. After six years of expansion resulting in an extreme seller’s market, we encountered a market shift in the late spring. Where it is tricky, is the media paints a somewhat scary picture, cherry picking month-over-month statistics instead of looking at the entire year in review. I thought I’d take the opportunity to recap what led to this shift and where we might be headed.

In May, we saw a 40% increase in homes for sale. For so many years, the lack of inventory was the central theme of the market, with inventory levels as low as a two-week supply in the first quarter of 2018. These constricted inventory levels led to huge price escalations from buyers competing in multiple offers. It was not uncommon to have 10 buyers fighting over one house, resulting in a sale price 20% over the list price. That type of price growth is unreasonable and the result of the extreme market conditions. In May, that changed as many sellers started to come to market. Suddenly, buyers had more choices and multiple offers started to wane. This phenomenon led to a decrease in month-over-month price appreciation.

It just so happened that the increase in inventory was accompanied by two other influential factors. We had an increase in interest rate, and the now-repealed “Seattle Head Tax” was passed on May 14th, 2018 by the Seattle City Council.

Interest rates had been hovering in the low 4%s during all of 2017 and even in the high 3%s in 2016. We started 2018 in the low 4%s, but by May the rate had jumped a half-point. Coupled with extreme price jumps from limited inventory, affordability became an issue for many buyers. This started bringing folks to the sidelines.

A large contributor to the growth in our real estate market over the past 6 years was our robust job market, and the employment growth of companies such as Amazon. The “Seattle Head Tax” that passed in mid-May, but then repealed on June 12th, 2018, was a huge threat to our thriving economy. The angst it created in our region about the future of Seattle’s job market was palpable, and had companies like Amazon making bold moves such as halting all current construction projects. Also, we were in the midst of Amazon’s HQ2 search, and the head tax had Seattle on the line in regards to remaining the home to the big employers that have fed our job growth and economic rise.

The combination of a 40% increase in new listings, a half-point rise in interest rates, and the month-long battle over the head tax created pause in our real estate market. With more selection, more expensive money, and the drama in the Seattle City Council, folks were unsure of where we were headed. This created confusion, and when people are not clear they are less likely to make decisions. In retrospect, it was the perfect storm. Like any storm, it changed the environment, and like a washed-out road, we had to find a new route.

The new route, while a bit bumpy and new to navigate, has been refreshing and necessary. For so many years, we have been begging for more inventory to help temper price growth and create more mobility in the market. From 2016 to 2017, we had 14% year-over-year growth in median price in both King and Snohomish counties. To put that in perspective, the average year-over-year appreciation rate over the last 19 years has been 6%. Home values growing at double-digit appreciation rates was unsustainable, and quite frankly not affordable. This balancing-out of the market is a healthy and more sustainable new route.

Year-to-date, Snohomish County’s median price has grown 10% over the previous year and King county, 9%. A large part of that growth happened in the first half of the year, and we have seen some month-over-month prices go down since, as the market starts to find some balance. The media loves to report these month-over-month numbers to create headlines, but buries the big picture of growth over the previous year and the fact that balance is healthy, in the last few paragraphs of any given article.

The mobility that this created has been a welcome change. People were not putting their homes up for sale because they feared the prospect of finding their next one, so they stayed put. The almost overnight increase in selection created a more comfortable environment for the seller who also had to buy their next home. We have even started to see home sale contingency offers come together as this market has started to balance out.

As we round out 2018, in Snohomish County we ended November with two months of inventory based on pending sales, and 2.4 months in King County. This is still a seller’s market, but not the extreme seller’s market that had only two weeks of inventory – and that is a good thing. A balanced market is when you hit four months of inventory, and we have a way to go to get there. Bear in mind that these measurements are of the entire county and do not take price points into consideration. We have seen inventory pile a little higher in the higher price points. The big news is that sellers are sitting on a ton of equity. In Snohomish County, we have seen a 62% increase in median price since 2012, and in King County, 66%. As long as sellers keep this in perspective and understand that pricing needs to reflect the inventory levels, they will find great success.

The opportunity to make a move-up, downsize, or even buy your first home is awesome right now. Selection is actually an option and interest rates are still historically low. Currently, we are hovering around 5%, and they have actually recently dropped. Rates are predicted to head toward the mid 5%s in 2019, making a purchase now very appealing.

If you are just curious about the value of your home in today’s market or you are considering a move in 2019, please reach out. I’d be happy to relate the current market conditions to your investment and your goals. Education and awareness lead to clarity, and when one is clear, they are empowered to make strong decisions. It is my mission to help educate my clients and assist them in making these big life decisions. Whatever your goals are in 2019, it is my honor to help keep you informed on all things real estate related.

Why Conserve Water?
There are several compelling reasons to take measures at home to conserve water. Not only will you save money on your utility bill, but conserving water will also help to protect our environment. Reducing how much water we use (and waste) also reduces the energy required to process and deliver it to our homes and businesses. This helps reduce pollution and conserve fuel. Minimizing water use also helps to extend the life of septic systems, and can help avoid costly sewage system expansions.

It’s easy to forget that water is a finite resource, but the stark truth is that only 3% of the water on Earth is fresh water. As populations grow, if we do not protect this precious resource, we may find down the road a lack of adequate, healthy water supply. This would have drastic consequences on water costs, food supplies, and health hazards.

The most effective way to save water is to upgrade your appliances and fixtures. But there are many other ways to reduce the amount of water used at home, most of which do not require any significant investment. Check out this list to get you started. A quick google search will provide even more ideas. Making just a few small changes over the next year can add up to hundreds or even thousands of gallons in water savings!

New Year’s Eve 2018 is almost upon us, and if you are still looking for something to do, read on! There are lots of options in the greater Seattle area, whether you are looking for the biggest blow-out bash or an earlier, family-friendly event.

  1. New Year’s Eve Celebration at Seattle Center

There are actually two parties that will converge at midnight for the iconic Seattle fireworks show.
The Armory Stage will host rock band SWAY from 8pm until midnight. And at the International Fountain, you can dance the night away with live electronic music and video projection show (starts at 10pm). Tickets are required for both parties, however the big fireworks show is free to enjoy.

  1. SPECTRA: New Year’s Eve Under the Arches

The Pacific Science Center transforms on NYE with fire sculptures, drinks and live music. There will be special entertainment throughout the night, as well as the standard Science Center exhibits. At midnight, head outside for the Space Needle fireworks. Purchase tickets in advance.

  1. New Year’s Eve pARTy at Chihuly Gardens and Glass

Watch the Seattle Center fireworks from under the glass of Chihuly Gardens. The evening includes appetizers, desserts, live music and a midnight toast. Purchase tickets in advance.

  1. INDULGENCE New Year’s Eve Bash at MoPOP

Another Seattle Center option, the Museum of Popular Culture offers four 21+ parties in one. With live music on three performance stages, comedians, party favors, special VIP areas, more than 20 bars, and a special singles-only cocktail hour, this is one of the largest parties of the year. Museum access is included in the price of the party, purchase tickets in advance.

  1. Tacoma’s First Night

First Night is an all-ages, family-friendly celebration in Downtown Tacoma’s Theater District. The affordable admission price includes museums, music, art, drama, dance, and a whole day and night of activities. The cost of entry increases as the festival gets closer, so buy early to save!

  1. Nighttime Party for Families at Imagine Children’s Museum

The perfect NYE celebration if you have older kids, this pajama party features comedians, balloon makers, pizza, snacks, and educational, hands-on activities throughout the night. The fun culminates at 9pm with a ball drop.

  1. New Year’s Eve with Ivar’s Salmon House

Ivar’s on Northlake will host live music, tasty food and view of the fireworks without the crowds. Advanced reservations are required, and will range in price depending on your selections.

  1. Slamming’ Jammin’ New Year’s Eve Party

Ring in the new year with the latest in R&B, Old School, Jazz and Hip Hop music. This is a 21+, semi-formal event, and hotel packages are available with your ticket purchase.

  1. Resolution New Year’s Eve Party at WAMU Theater

A Seattle tradition for almost a decade, this 18+ party always brings a mixed crowd together for a night of dancing. This is one of the biggest EDM parties of the year.

  1. New Year’s at KidsQuest Bellevue

Celebrate the coming new year all day at KidsQuest! There are activities every hour from 10am to 4pm, including Bubble Wrap Stomp, New Year’s Hats, Storytime, glittery tattoos, and more. Admission is free with membership or museum admission.

Do you want to be “In the Know” in your neighborhood? Sign up for a monthly overview of what’s happening in the zip code(s) of your choice. Neighborhood News is a great tool to stay informed about the home values and activity in your own backyard or to study a new market you may be interested in. Click here to sign up on my website.
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Posted on January 30, 2019 at 12:21 pm
Ginna Demme | Posted in Newsletter Blog |

2019 Economic & Housing Forecast

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Happy 2019! As we head into the New Year, it’s a great time to look ahead to what the real estate market has in store. Just last week, I had the pleasure of hosting an Economic Forecast Event with Windermere’s Chief Economist, Matthew Gardner, and soaked up his knowledge and predictions. Below are his general predictions for the at-large real estate market across the nation, please review and let me know if you have any questions.

Beyond the national forecast, at the event Matthew reported specifically on the Greater Seattle market, including both King and Snohomish counties. I received his Power Point presentation and I am happy to share his slides, should you request them.

A few take-a-ways to note are:

  • Seattle remains strong economically and our job market is thriving.
  • Interest rates are still historically low and will rise, but not beyond 6%.
  • It is still a seller’s market in our area, but price escalations are softening, creating more balance and sustainability. We are NOT experiencing a bubble.
  • 25% of homeowners in our region have 50% equity in their homes.
  • An economic recession is upon us in 2020. This one should be much like the 1991 recession; short and not based in housing.
  • Be careful how you process the media’s take on the market as they often use extreme month-over-month numbers vs. richer long-term data.
  • Prices are expected to rise 5-7% in 2019, which is more normal, but above the long-term average, yet lower than the recent double-digit year-over-year gains we’ve seen since 2012.

It is always my goal to help empower my clients with information to help them make informed decisions regarding their real estate.  Let me know if you’d like that Power Point. I’m happy to share and help you dissect the information. Here’s to a great 2019!


2019 Economic and Housing Forecast
Posted on Windermere.com in Market News by Matthew Gardner, Chief Economist, Windermere Real Estate 

What a year it has been for both the U.S. economy and the national housing market. After several years of above-average economic and home price growth, 2018 marked the start of a slowdown in the residential real estate market. As the year comes to a close, it’s time for me to dust off my crystal ball to see what we can expect in 2019.

The U.S. Economy

Despite the turbulence that the ongoing trade wars with China are causing, I still expect the U.S. economy to have one more year of relatively solid growth before we likely enter a recession in 2020. Yes, it’s the dreaded “R” word, but before you panic, there are some things to bear in mind.
Firstly, any cyclical downturn will not be driven by housing.  Although it is almost impossible to predict exactly what will be the “straw that breaks the camel’s back”, I believe it will likely be caused by one of the following three things: an ongoing trade war, the Federal Reserve raising interest rates too quickly, or excessive corporate debt levels. That said, we still have another year of solid growth ahead of us, so I think it’s more important to focus on 2019 for now.

The U.S. Housing Market

Existing Home Sales
This paper is being written well before the year-end numbers come out, but I expect 2018 home sales will be about 3.5% lower than the prior year. Sales started to slow last spring as we breached affordability limits and more homes came on the market.  In 2019, I anticipate that home sales will rebound modestly and rise by 1.9% to a little over 5.4 million units.

Existing Home Prices
We will likely end 2018 with a median home price of about $260,000 – up 5.4% from 2017.  In 2019 I expect prices to continue rising, but at a slower rate as we move toward a more balanced housing market. I’m forecasting the median home price to increase by 4.4% as rising mortgage rates continue to act as a headwind to home price growth.

New Home Sales
In a somewhat similar manner to existing home sales, new home sales started to slow in the spring of 2018, but the overall trend has been positive since 2011. I expect that to continue in 2019 with sales increasing by 6.9% to 695,000 units – the highest level seen since 2007.

That being said, the level of new construction remains well below the long-term average. Builders continue to struggle with land, labor, and material costs, and this is an issue that is not likely to be solved in 2019. Furthermore, these constraints are forcing developers to primarily build higher-priced homes, which does little to meet the substantial demand by first-time buyers.

Mortgage Rates
In last year’s forecast, I suggested that 5% interest rates would be a 2019 story, not a 2018 story. This prediction has proven accurate with the average 30-year conforming rates measured at 4.87% in November, and highly unlikely to breach the 5% barrier before the end of the year.

In 2019, I expect interest rates to continue trending higher, but we may see periods of modest contraction or levelling.  We will likely end the year with the 30-year fixed rate at around 5.7%, which means that 6% interest rates are more apt to be a 2020 story.

I also believe that non-conforming (or jumbo) rates will remain remarkably competitive. Banks appear to be comfortable with the risk and ultimately, the return, that this product offers, so expect jumbo loan yields to track conforming loans quite closely.

Conclusions
There are still voices out there that seem to suggest the housing market is headed for calamity and that another housing bubble is forming, or in some cases, is already deflating.  In all the data that I review, I just don’t see this happening. Credit quality for new mortgage holders remains very high and the median down payment (as a percentage of home price) is at its highest level since 2004.

That is not to say that there aren’t several markets around the country that are overpriced, but just because a market is overvalued, does not mean that a bubble is in place. It simply means that forward price growth in these markets will be lower to allow income levels to rise sufficiently.

Finally, if there is a big story for 2019, I believe it will be the ongoing resurgence of first-time buyers. While these buyers face challenges regarding student debt and the ability to save for a down payment, they are definitely on the comeback and likely to purchase more homes next year than any other buyer demographic.

Originally published on Inman News.
At Windermere we help people buy and sell homes, but we also help build community. I’m proud to support the Windermere Foundation with every home I help sell or buy. 2018 concluded with another great year of fundraising and giving for the Windermere Foundation, thanks to the continued support of agents, franchise owners, staff, and the community. Nearly $2.5 million was raised in 2018, bringing our grand total to over $38 million raised since the Foundation’s inception in 1989! This money goes right back into our community, helping low-income and homeless families. Read the full blog post here.
This past Christmas, my office adopted 22 foster boys, ranging in age from 13-18 years old, and living in group homes managed by Pioneer Human Services. These group homes serve boys who are struggling with emotional, behavioral and/or psychiatric problems that prevent placement in a traditional foster care setting. We purchased gifts, using wish lists from the boys, to help provide a joyful Christmas morning for these teenage boys who might otherwise be overlooked.

The office also raised money for grocery gift cards for families in need (also referred by Pioneer Human Services). This year we distributed $2,068 in grocery gift cards to 15 local families.

We are also thrilled to report that through our partnership with the Seattle Seahawks, this season Windermere raised a total of $31,900 for YouthCare, an organization that provides critical services for homeless youth. This brings our three-year total to $98,700 towards our #tacklehomelessness campaign! Thank you to the Seahawks and to YouthCare for helping us support homeless youth in our community. We’ll be back next year to raise even more!

Do you want to be “In the Know” in your neighborhood? Sign up for a monthly overview of what’s happening in the zip code(s) of your choice. Neighborhood News is a great tool to stay informed about the home values and activity in your own backyard or to study a new market you may be interested in. Click here to sign up on my website.
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Copyright © 2019 Windermere Real Estate/ North Inc., All rights reserved.

Posted on January 30, 2019 at 12:17 pm
Ginna Demme | Posted in Newsletter Blog |

Get a Jump on Spring Cleaning

 

Whether you hire an outside professional for help, or tackle the project yourself, now is a great time to get a jump on spring cleaning. Many people wait for warmer temps to start cleaning, but I think most everyone can agree that those weekends would be better spent outdoors, soaking up that sun. So, take some inspiration from the list below to get you started now on freshening up your home for spring.

 

It will only take a few hours to check everything off this list, and you’ll feel so much better enjoying the last few weeks of winter, knowing that when the warmer weather finally comes, you can get outside and really enjoy it!

 

Rotate your mattress. Most mattresses need to be rotated regularly in order to even out the overall wear and prolong the lifespan of your bed. However, keep in mind that Sleep Number and Tempur-Pedic mattresses typically should not be rotated. Always check with your manufacturer for their recommendations on your specific mattress. If you own an older mattress with no pillowtop, it should probably be flipped as well as rotated.

 

Clean your mattress. Strip the mattress of all linens and covers. Start by vacuuming the mattress with the upholstery attachment, paying close attention to crevices and seams. Next, sprinkle baking soda (up to a one-pound box) all over the surface of your mattress. Let this sit for at least an hour, but 24 hours is best. Then go back over your mattress with your vacuum’s upholstery attachment again. If you have a steam cleaner, break it out and go over your whole mattress. The steam will reach further into the mattress than your vacuum is able to, and kills dust mites. *It is generally not recommended to clean memory foam with a steam cleaner.

 

Organize & clean the laundry room. Clean the outside of your washer and dryer; scrape any dried detergent from crevices. Next, clean the inside of the washing machine. Most newer models have a self-cleaning cycle. If you have an older machine that does not have a self-cleaning cycle, run a cycle with hot water and a quart of white vinegar. After it is finished, clean the detergent dispensers, using a vinegar and water solution and a scrubber. If you have a front-loader, be sure to clean the rubber seal on the door. This area is prone to mold growth, so use an all-purpose cleaner or maybe even bleach to get under and around the seal.

 

Next, organize a bit. Throw away products you never use, replace damaged sorting bins, and don’t forget to clean out the dryer vent to prevent a fire.

 

Deep clean the fridge. Twice a year (or more), you should give your fridge a front-to-back, top-down scrubbing. Start by taking everything out and throw away anything that has expired. Next, remove all the shelves and drawers. Put them to soak in a solution of two tablespoons baking soda and one-quart hot water. While they are soaking, wipe down the interior of the fridge with the same solution. Then scrub, rinse and dry the shelves and drawers.

 

Next, dry the drip pan. Remove the base grill, and pull out the drip pan. If it’s full of water, mop it with paper towels and wash the pan with soapy water. If your drop pan is fixed in place, wrap a cloth around the head of a long-handled brush and use to clean the pan.

 

Don’t forget the coils. In order to keep your refrigerator running efficiently, unplug it, pull it away from the wall, and use a coil brush or your vacuum’s crevice attachment to clean the condenser coils. This should be done at least twice a year, unless you have pets in the home, and then you should do this three to four times a year.

 

Clean out spice cabinet. Throw away all expired spices and seasonings. Not only do these lose taste, they actually harbor mold and bacteria.

 

Clean out expired medications & vitamins If you have unused medications, please take them to your local pharmacy for proper disposal.

 

Vacuum, wash, or steam window curtains

 

Wash window blinds

 

Add color to your table. Treat yourself to fresh flowers while waiting for the spring blooms outside.

 

And if you’re ready to get some deep cleaning done, check out this blog for the Ultimate Spring Cleaning Checklist.


Posted on January 30, 2019 at 12:10 pm
Ginna Demme | Posted in Uncategorized |

5 Alternatives to a New Year’s Resolution

The pressure to come up with resolutions and improvements always mounts near the end of the year, but everyone knows that statistically speaking, most of us won’t stick to our New Year’s resolutions much past February. So rather than give in to societal pressure, guilt, and feelings of hopelessness, I propose a shift in perspective this year.

Rather than viewing the New Year as catalyst for sweeping lifestyle and character changes, let’s instead take this opportunity to renew our sense of purpose and determination. Here are five ideas to make some positive changes in a different way this year.

  1. Express Gratitude

“Gratitude can transform common days into thanksgivings, turn routine jobs into joy, and change ordinary opportunities into blessings.” -William Arthur Ward. You will be amazed at the ways your life will begin to change simply by expressing gratitude regularly. It will help you maintain a fresh perspective day in and day out, and will help to keep stress at bay. Make a list of all the things you are thankful for in your life, big and small. Take some time to really lean in to this list and reflect on each one. Especially focus on why you are thankful for each of those things.

  1. Create a list of things to look forward to

This goes hand-in-hand with gratitude. What are you looking forward to this year? A vacation, a family member getting married, a new restaurant opening, a new novel or a new season of your favorite show. By focusing on the good things coming your way, it will be easier to keep a positive and hope-filled attitude.

  1. Pick a word for the year

Before the year starts, take some time to look at the big picture of the coming year. Find the theme of what you would like to accomplish or focus on, and chose a theme word to guide you. This will give you clarity and focus. Maybe your word for the year is Intentional. Simplify. Peace. Discipline. Fun. When you have your theme word for the year, share it on oneword365.com

  1. Schedule a quarterly retreat

Life happens, and trying to balance work, family, social life, friends, and other commitments often results in very little time for you. Take some time before the new year starts and schedule yourself a quarterly one-day (or weekend!) retreat to focus on YOU. Remember, if you don’t take care of yourself, you won’t be able to take care of anyone else.

  1. Try a 30-day challenge

A 30-day challenge consists of setting a small goal that can be achieved in 30 days, as well as a small, specific action that you will take each day to achieve that goal. For example:

Declutter: every day for 30 days, choose 3 items to donate, sell, give away or throw away.

Random acts of kindness: every day for 30 days, perform a random act of kindness such as: leaving change in a vending machine; buying the coffee of the person behind you at Starbucks; send a thank you email to a coworker who deserves more recognition. Spreading kindness will always come back to you.

 

 

Happy New Year!


Posted on November 28, 2018 at 10:39 am
Ginna Demme | Posted in Uncategorized |

Quarterly Economic Update for Western Washington

Quarterly Economic Update for Western Washington
We are so fortunate here at Windermere to have Matthew Gardner, Windermere’s Chief Economist to help keep us informed on our economy and the real estate market. Each quarter Matthew compiles in-depth research on counties from across Western Washington. Click here to download Matthew’s full Q3 2018 report and check out the latest on the area you call home.
At the close of the third quarter, the Windermere Foundation had donated (year-to-date) over $1.2 million to non-profit organizations in communities throughout the Western U.S. that provide services to low-income and homeless families.

During the third quarter alone, the Windermere Foundation collected over $742,226 in donations; 70 percent of which came from individual contributions and fundraisers, while 30 percent came from donations through Windermere agent sales transactions. This brings the grand total to $37,151,731 raised since 1989!

If you would like to learn more about how the Windermere Foundation is supporting low-income and homeless families in our communities, check out this blog post. And for information on how we’re helping the California Wildfire Relief Fund, click here.

Thank you for your support! Together, we are able to make a real difference for those in need in our local communities.

Click here to learn more about the Windermere Foundation.

#Tacklehomelessness Update
Consider this house protected. In our last home game win against the Packers, the Seattle Seahawks also brought home $2,800 to be donated to YouthCare to #TackleHomelessness. With that, we’re up to $15,000 raised this season and $81,800 in total! Great work and #GoHawks!

Posted on November 28, 2018 at 10:31 am
Ginna Demme | Posted in Newsletter Blog |

What’s In Your Toolbox to Navigate the Changing Market?

The late spring market brought about some welcomed change to our local real estate markets. In May, we experienced the largest increase in inventory in a decade! North King County and South Snohomish County are two examples of what is happening in all the markets across the Puget Sound as we head into the second half of 2018. Below is a breakdown of the current environment; further is an explanation of what it all means.

North King County (Ship Canal to Snohomish County Line):

  • 38% increase in new listings from April to May 2018
  • 16% more new listings in May 2018 vs. May 2017
  • Overall 5% more new listings over the last 12 months vs. the previous 12 months
  • Average list-to-sale price ratios reduce to 104% from 105% in May 2018
  • Median Price up 15% complete year over year, but down 1% vs. the previous month, landing at $815K.

South Snohomish County (Snohomish County Line to Everett):

  • 27% increase in new listings from April to May 2018
  • 10% more new listings in May 2018 vs. May 2017
  • Overall 2% more new listings over the last 12 months vs. the previous 12 months
  • Average list-to-sale price ratios reduce to 102% from 103% in May 2018
  • Median price up 12% complete year over year, but equal with the previous month, landing at $500K.

This increase in inventory is awesome! It is providing more selection for buyers and is helping temper price growth, which was increasing at an unsustainable level. It is still a Seller’s market by all means, which is defined by having three or less months of available inventory. Both market areas are still just under one month of inventory based on pending sales, but not as low as the two-week mark they were experiencing in March.

The increase in inventory is the result of pent up seller demand. From 1985-2008 the average amount of time a homeowner stayed in their home was 6 years. From 2008-2017 it grew to 9 years. With a resounding amount of equity under their belts, many homeowners are now deciding to make moves. Some are moving up to the next best thing and others are cashing out and leaving the area for a new beginning or retirement. This is providing buyers with the selection they have been waiting for after a very tenuous, inventory-starved start to 2018. The buyers that have stayed on the forefront of the market are now being rewarded with choices. These choices are best accompanied with keen discernment in order to craft the best negotiations – the broker they choose to align with is key.

The price analysis above indicates strong equity positions for sellers, but also a leveling off in price growth. Over the first quarter we saw prices increase month-over-month quite handily; now that more inventory is appearing and demand is being absorbed, price growth is not as extreme. This has highlighted the importance of having a strategic pricing and marketing plan for sellers wanting the highest price and shortest market time. The broker they choose to align with is key.

The importance of both buyers and sellers aligning with a knowledgeable, well-researched and responsive broker is paramount. One might think that it is “easy” to sell a house in this market, but the pricing research, home preparation, market exposure, varied marketing mediums, close management of all the communication, and how negotiations are handled can make or break a seller’s net return on the sale. With market times increasing, having a broker with a tight grasp on the changing environment will help create an efficient market time, resulting in the best price and terms for a successful closing. It is important that sellers do not overshoot this market, and it takes a broker with a keen gut sense rooted in in-depth research to help get them their desired results.

If you’re a buyer, it is overwhelmingly important that you are aligned with a broker that knows how to win in this market. The increase in selection has left some room for contemplation in some cases. Considering possible terms and price based on thorough market research as you head into negotiations are what set a highly capable selling broker apart and are required to prevail. With more selection coming to market, buyers have more to consider, and having a broker alongside them to help craft a strategy of negotiations will ensure they don’t overpay.

If you have any curiosities or questions regarding the value of your current home or purchase opportunities in today’s market, please contact me. It is my goal to help keep you informed and empower strong decisions.

Windermere Community Service Day 2018

On June 8th, my office spent our annual Community Service Day with the Snohomish Garden Club constructing trellises, weeding and staking beds and planting and labeling a half-acre of produce!

The Snohomish Garden Club will harvest this half-acre, which will yield close to 10,000 pounds of fresh produce to be donated to various food banks and senior centers in Snohomish County. The land for the garden is generously donated by the Bailey Family Farm.

For more information on how you can lend a hand, please visit: SnohomishGardenClub.com

Windermere’s Community Service Day was established in 1984 to offer agents and staff a chance to volunteer an entire workday to give back to the neighborhoods in which they live and work.

The Fourth of July is right around the corner.  With it being on a Wednesday, it makes sense to stay local.  Here is a list of fireworks shows nearby to help you celebrate the great U.S. of A!

  • Bellevue – Downtown Park 10:05 p.m.
  • Des Moines – Marina 10:20 p.m.
  • Edmonds – Civic Stadium 10 p.m.
  • Everett – Port Gardner Bay 10:20 p.m.
  • Federal Way – Celebration Park 10:15 p.m.
  • Kent – Lake Meridian Park 10 p.m.
  • Kenmore – Log Boom Park 10:00 p. m.
  • Kirkland – Marina Park 10:15 p.m.
  • Lakewood – Joint Base Lewis-McChord 10 p.m.
  • Newcastle – Lake Boren Park 10 p.m.
  • Renton – Coulon Park 10 p.m.
  • SeaTac – Angle Lake Park 10 p.m.
  • Seattle – Lake Union 10:20 p.m. BIG!
  • Tacoma – Ruston Way 10:10 p.m. BIG!
  • Tukwila – Fort Dent Park 10 p.m.
Do you want to be “In the Know” in your neighborhood? Sign up for a monthly overview of what’s happening in the zip code(s) of your choice. Neighborhood News is a great tool to stay informed about the home values and activity in your own backyard or to study a new market you may be interested in. Click here to sign up on my website.
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Copyright © 2018 Windermere Real Estate/ North Inc., All rights reserved.

Posted on June 29, 2018 at 8:38 am
Ginna Demme | Posted in Newsletter Blog |

Outdoor Movie Schedule: Summer 2018

Don’t forget your blanket and the popcorn! It is the time of year when it’s nice enough to grab a movie outdoors – how fun! Here is a list of local outdoor movies planned for this summer.

South Snohomish
Arlington’s Old Time Movies
Terrace Park
7/6 Star Wars: The Last Jedi (at the Airport Fly In)
7/12 Early Man
7/19 Peter Rabbit

Edmond’s Outdoor Movie Night
Frances Anderson Center Field
7/27 Moana
8/3 Wonder

Everett’s Cinema Under the Stars
Thornton Sullivan Park, Camp Patterson Field
7/20 Early Man
7/27 Coco
8/3 Wonder
8/10 Moana
8/17 Guardians of the Galaxy Vol 2

Marysville Popcorn in the Park
Jennings Park, Lioins Centennial Pavilion
7/14 Despicable Me 3
7/21 Jumanji
7/28 Cars 3
8/4 Wonder Woman
8/11 Star Wars: The Last Jedi

Sundquist Family Movies in the Park
Willis Tucker Park
7/12 Jumanji
7/19 Ferdinand
7/26 The Greatest Showman
8/2 Coco
8/9 Wonder
8/16 Beauty and the Beast

Eastside
Bellevue Movies in the Park
Downtown Park
7/10 Despicable Me 3
7/17 Boss Baby
7/24 The Lego Ninjago Movie
7/31 Goodbye Christopher Robin
8/7 Paddington 2
8/14 The Greatest Showman
8/21 Ferdinand
8/28 Ghostbusters

Crossroads Movies in the Park
Crossroads Park
8/2 TBD
8/9 TBD
8/16 TBD
8/23 TBD

Carillon Point Outdoor Movies
Carillon Point Plaza
7/7 Despicable Me 3
7/21 The Wedding Singer
8/4 Jumanji
8/18 Star Wars: The Last Jedi

Movies at Marymoor
Marymoor Park
6/28 The Goonies
7/5 Wonder Woman
7/11 Jumanji
7/18 Coco
7/25 The Greatest Showman
8/2 10 Things I Hate About You
8/8 Thor: Ragnarok
8/15 Ferdinand
8/22 Black Panther
8/29 The Princess Bride

Seattle Area
Bite of Seattle
Seattle Center Mural Amphitheatre
7/20 A League of Their Own

Cinema under the Stars
Columbia Park
7/14 Best of the Children’s International Film Festival
8/18 Coco

Movies at the Marina
Shilshole Bay Marina
8/3 Overboard
8/17 Moana

Movies at the Mural
Seattle Center Mural Amphitheatre
7/28 The Princess Bride
8/4 Get Out
8/11 Little Shop of Horrors
8/18 I am Not Your Negro
8/25 Wonder Woman

Seattle Outdoor Cinema
South Lake Union Discovery Center
6/16 The Goonies
7/21 Jurassic Park
8/25 Black Panther

West Seattle Outdoor Movies
Fauntleroy Triangle
7/21 Wonder Woman
7/28 The Secret Life of Pets
8/4 Star Wars: The Last Jedi
8/11 A Wrinkle in Time• Outdoor Movie Schedule: Summer 2018

Don’t forget your blanket and the popcorn! It is the time of year when it’s nice enough to grab a movie outdoors – how fun! Here is a list of local outdoor movies planned for this summer.

South Snohomish
Arlington’s Old Time Movies
Terrace Park
7/6 Star Wars: The Last Jedi (at the Airport Fly In)
7/12 Early Man
7/19 Peter Rabbit

Edmond’s Outdoor Movie Night
Frances Anderson Center Field
7/27 Moana
8/3 Wonder

Everett’s Cinema Under the Stars
Thornton Sullivan Park, Camp Patterson Field
7/20 Early Man
7/27 Coco
8/3 Wonder
8/10 Moana
8/17 Guardians of the Galaxy Vol 2

Marysville Popcorn in the Park
Jennings Park, Lioins Centennial Pavilion
7/14 Despicable Me 3
7/21 Jumanji
7/28 Cars 3
8/4 Wonder Woman
8/11 Star Wars: The Last Jedi

Sundquist Family Movies in the Park
Willis Tucker Park
7/12 Jumanji
7/19 Ferdinand
7/26 The Greatest Showman
8/2 Coco
8/9 Wonder
8/16 Beauty and the Beast

Eastside
Bellevue Movies in the Park
Downtown Park
7/10 Despicable Me 3
7/17 Boss Baby
7/24 The Lego Ninjago Movie
7/31 Goodbye Christopher Robin
8/7 Paddington 2
8/14 The Greatest Showman
8/21 Ferdinand
8/28 Ghostbusters

Crossroads Movies in the Park
Crossroads Park
8/2 TBD
8/9 TBD
8/16 TBD
8/23 TBD

Carillon Point Outdoor Movies
Carillon Point Plaza
7/7 Despicable Me 3
7/21 The Wedding Singer
8/4 Jumanji
8/18 Star Wars: The Last Jedi

Movies at Marymoor
Marymoor Park
6/28 The Goonies
7/5 Wonder Woman
7/11 Jumanji
7/18 Coco
7/25 The Greatest Showman
8/2 10 Things I Hate About You
8/8 Thor: Ragnarok
8/15 Ferdinand
8/22 Black Panther
8/29 The Princess Bride

Seattle Area
Bite of Seattle
Seattle Center Mural Amphitheatre
7/20 A League of Their Own

Cinema under the Stars
Columbia Park
7/14 Best of the Children’s International Film Festival
8/18 Coco

Movies at the Marina
Shilshole Bay Marina
8/3 Overboard
8/17 Moana

Movies at the Mural
Seattle Center Mural Amphitheatre
7/28 The Princess Bride
8/4 Get Out
8/11 Little Shop of Horrors
8/18 I am Not Your Negro
8/25 Wonder Woman

Seattle Outdoor Cinema
South Lake Union Discovery Center
6/16 The Goonies
7/21 Jurassic Park
8/25 Black Panther

West Seattle Outdoor Movies
Fauntleroy Triangle
7/21 Wonder Woman
7/28 The Secret Life of Pets
8/4 Star Wars: The Last Jedi
8/11 A Wrinkle in Time
8/18 Coco
8/25 Black Panther

*Check websites for start times, pre-movie activities and to make sure your favorite movie hasn’t been canceled or changed!

8/18 Coco
8/25 Black Panther

*Check websites for start times, pre-movie activities and to make sure your favorite movie hasn’t been canceled or changed!


Posted on June 5, 2018 at 1:01 pm
Ginna Demme | Posted in Uncategorized |