Windermere Luxury Breakfast March 2017

This week, more than 100 Windermere brokers from all over the Puget Sound area came together to discuss the local luxury real estate market, premier their newest luxury listings, and hear from featured speaker, Matthew Gardner, Chief Economist for Windermere Real Estate. Matthew Gardner gave a lively and engaging presentation on the regional economy and…

What Buyers Want Today

The National Association of REALTORS® recently released their 2016 Profile of Home Buyers and Sellers. Here are a few items about buyers that we thought you’d find interesting. • The top reason buyers purchase a home is they want a place of their own. • Buyers chose homes fairly close to their last residence. In our…

Western Washington Real Estate Market Update

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 levels…

Neighborhood Spotlight: Mount Baker

Located just south of I-90, and running south to Genesse Park, Mount Baker is a neighborhood that is definitely reaping the benefits of a booming real estate market. Taking their name from the sweeping views of Mount Baker to the north, this neighborhood is a great cross section of what Seattle has to offer. On the water…

Neighborhood Spotlight: Floating Homes

For more than 100 years, floating homes have helped define Seattle’s social culture and maintain its reputation as a place where unconventional modes of living are enjoyed. The thriving houseboat colony on Lake Union, made famous in the 1993 film Sleepless In Seattle, attests to the continuing desirability of this unique lifestyle. House boats have…

What to Expect in Housing Affordability

What to Expect in Housing Affordability | Windermere Blog | Windermere Real Estate Posted in Economics 101 Videos and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate What keeps Windermere’s Chief Economist, Matthew Gardner, up at night? Housing affordability. As the U.S. Population moves towards both coasts and the Southwest, putting upward pressure…

Market News from Matthew Gardner

Historically low inventory levels, how we got here, and what to expect in the coming year The housing market is performing remarkably well, with the exception of incredibly low inventory levels in many areas throughout the country. Why is this happening? Windermere’s Chief Economist, Matthew Gardner, explains why and offers his predictions for what we…

Local Market Update – May 2016

The supply of homes for sale in April was up over March, indicating that more sellers are deciding to list their homes. But with less than a month of inventory available in the area, it’s still a seller’s market. While prices were up over last year, the increases aren’t as lofty as they were in…

Western Washington Gardner Report Q1 2016

ECONOMIC OVERVIEW Washington State has seen very robust growth over the past 12 months with the addition of 102,600 new jobs, which is 224,000 more jobs than seen at the previous peak in 2008. With this robust growth, it is unsurprising to see the unemployment rate trend down to 5.8%—well below the long-term average of…

Local Market Update – March 2016

A severe lack of inventory has led home prices to reach an all-time high. With the supply of properties at its lowest level since 2003, the market is in dire need of more homes to meet buyer demand. That is excellent news for those thinking about selling their home. Sellers can expect a quick sale,…

Local Market Update January 2016

Record low inventory has placed the area in an extreme seller’s market. 70 percent of homes sell in the first 30 days. With 30 percent less inventory than a year ago, multiple offers are all but guaranteed. If you’re selling, you can name your terms. For those looking to buy, it’s critical to work with…