Newsletter Blog

Newsletter Blog What Is Your Home Worth? Over the last 6 years, the median price for a single-family home in King County has grown by 65%, and in Snohomish County 69%. Above are examples of actual homes sold in late 2015 to early 2016 that also sold in early 2021. Note, they were not remodeled or significantly improved in between sales. These examples show the growth in […]
Newsletter Blog You Want to Sell, but Need to Buy, Too: WHAT TO DO? Homeowners across our region are enjoying incredibly healthy equity levels due to an upswing in the real estate market over the last five years. In fact, the median price in King County is up 50% over the last five years and up 55% in Snohomish County. Over the last 10 years, the median price is […]
Newsletter Blog 2021 Economic Forecast Last week I had the pleasure of attending Matthew Gardner’s 2021 Economic Forecast. Matthew is Windermere’s Chief Economist and coveted expert in our region often called upon by the local and national media for his insights on the economy and housing. Windermere has relied upon his forecasts and advice for over 15 years, and we […]
Newsletter Blog Inventory, Equity & Expert: Laying Fact Over Fact to Find the Truth in the Housing Market View this email in your browser It is important that we pay attention to the data when measuring the health of the housing market. There are a lot of feelings and media influences that can play into one’s opinion of the housing market. I choose to focus on three things: inventory, equity levels, and the […]
Newsletter Blog The Windermere Bridge Loan. Homeowners across our region are enjoying very healthy equity levels due to an amazing upswing in the real estate market over the last five years. In fact, the median price in King County is up 49% over the last five years and up 51% in Snohomish County. This growth in equity has given homeowners the […]
Newsletter Blog Homebuyer Tips for Winning a Home in a Seller’s Market We’ve said it so many times, but it is so true: these are unprecedented times! In relation to the real estate market, there are many factors that are contributing to this environment. First and foremost, we are living through a global pandemic. Our daily lives have changed and they will probably never be quite like […]
Newsletter Blog Summer is the New Spring Real Estate Market Since the onset of the COVID-19 pandemic reaching our region, I quickly shifted to updating you more frequently with information to help you stay informed on the real estate market. Since mid-March, I have been committed to gathering high-frequency data (micro-data) to help illustrate “Where We Are Now” and have provided this newsletter bi-monthly vs. monthly. I […]
Newsletter Blog Will COVID-19 Impact Where People Want to Live? Recently, Matthew Gardner, Windermere’s Chief Economist released a video about the effects COVID-19 is having and/or could have on consumer tendencies in real estate. There seems to be quite the paradigm shift happening due to health reasons, appreciating simpler schedules, and the new phenomenon of many people working from home. Along with Matthew, Leading Real Estate Companies of the World and Keeping Current Matters are reporting similar indicators due to […]
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Newsletter Blog Interest Rates Bottom Out, Sparking High Buyer Demand Most recently, we have experienced an uptick in market activity. In fact, King County saw a 35% increase in pending sales from December to January, and Snohomish County 38%. The seasonal uptick from the holidays to the New Year is normal, but it was quite sizable. This is reinforced by a 6% increase in pending […]
Newsletter Blog How Long Things Last We all know that nothing lasts forever, but when everything is working fine it is easy to forget that all of the systems and appliances in your home have a finite lifespan. Keep this information in mind, whether you are buying or selling a home, budgeting for improvements, or deciding between repairing and replacing. Here’s […]
Newsletter Blog 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 […]
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 […]
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 […]
Newsletter Blog 2019 Economic & Housing Forecast View this email in your browser 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 […]
Newsletter Blog 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 […]
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 […]
Newsletter Blog A Tale of Two First-Time Home Buyers Have you had dreams of owning a home or know someone that does?  Jumping into the market as a first-time home buyer can be intimidating, especially within the wild ride of the Greater Seattle market; but there is hope! In an effort to illustrate the reality for first-time buyers in today’s market, my office got together […]
Newsletter Blog Why We are NOT Headed Toward Another Housing Bubble Double-digit price appreciation has taken place for over 3 years now, so prices are up. Way up. In fact, in just the last year we have seen prices rise 14% year-over-year. When talking with people about our real estate market, the conversation often involves the question, “are we headed toward a bubble?” I get asked […]
Newsletter Blog What the Same House Sold for 3 Years Later! Price Appreciation Case Studies in South Snohomish & North King Counties18407 62nd Pl W, Lynnwood  •  3 bedroom  •  1,305 sq ft Sold in September 2014 $315,000 Sold in July 2017 $450,000 $135,000 INCREASE IN HOME VALUE: 42.85% 17836 1st Ave NE, Shoreline  •  4 bedroom  •  2,917 sq ft Sold in November 2014 $560,000 […]
Newsletter Blog Cost VS Value I am commonly asked which improvements sellers should make to get the greatest return on their home sale.  Every year The Remodeling 2018 Cost vs. Value Report (www.costvsvalue.com) compiles all the information and analyzes the estimated percentage return on home improvements in each region.  Getting a home prepared for market requires a keen eye and […]