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... Continue Reading →

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... Continue Reading →

What’s the Deal with Condos?

A question that I am being asked regularly these days is, “Why isn’t anyone building condominiums anymore? Given the egregious lack of homes for sale – and considering that single family home builders have not done their part to satisfy substantial pent-up demand – one would expect to see developers raising condominium towers at a... Continue Reading →

4 Reasons to Sell Your House Now

1) Sale prices are at all-time highs. Home prices in King County hit new highs last month. The median price of a single family home sold in King County in February was $514,975, a whopping 20% increase over a year ago. The median price in Seattle was up 24% to $644,950. The Eastside's median price... Continue Reading →

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,... Continue Reading →

Welcome Leigh Canlis!

We are excited to announce the addition of Leigh Canlis to the Windermere Services team! Leigh has been a well-known business and community leader in the Seattle area for more than 18 years. Her background includes managing sales, events, and VIP client relations for Dale Chihuly, 13 years as President of Canlis Glass, and Vice... Continue Reading →

Local Market Update January 2016

2015 closed out the year with home prices hitting new highs, and inventory hitting new lows. The market is tough for buyers who are competing for a dwindling number of homes, but it’s also the greatest seller’s market in recent memory. What’s in store for 2016? Here is what Windermere Chief Economist Matthew Gardner forecasts.... Continue Reading →

Local Market Update December 2015

The traditional seasonal slowdown is taking a break this year. Activity in November was brisk, and home prices continued to climb. Driving the surge in prices is the lowest inventory of homes in more than a decade. The result is a holiday gift for sellers – with limited choices, multiple offers are common. Now is... Continue Reading →

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