This month’s Premier networking breakfast saw more than 150 Puget Sound-area agents come together to hear the latest information on the real estate market. Brokers from as far away as Bellingham joined local brokers at Broadmoor Golf Club to present their newest luxury listings and to discuss 2016 luxury real estate trends and forecasts.
This month, we heard from Windermere’s Chief Economist, Matthew Gardner, and Windermere Owner, Matt Deasy. The Washington State economy has added almost 370,o00 jobs since the lowest point of the recession at the start of 2010. We expect to continue seeing modest job growth this coming year. That being said, our economy will continue to expand, which will be a benefit to our region’s housing market. A few other forecasts for this upcoming year: Mortgage rates will rise at a modest pace. We will see continued home price growth (+/- 5.5%). The Millennials will start to enter the market. Supply in the high-end market will remain tight, but easing demand may take some of the edge off. Matt Deasy provided a recap of 2015 year-end stats, which showed that Windermere continues to lead in the most homes sold and bought in luxury real estate in the Pacific Northwest.
Check out January’s Look Book and read more about the event by clicking here or on the picture below.