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Uncategorized Local Market Update | August 2017 Instead of experiencing the typical summer seasonal slowdown, the real estate market in July was as hot as the weather. For yet another month, our area had the distinction of seeing home prices rise faster than any other market in the country. Buyers were hit with a double whammy – soaring prices and the continuing […]
Uncategorized Local Market Update | July 2017 It was another month of record-setting home prices in June as the area yet again took the prize for the hottest real estate market in the country. In a bright spot for buyers, the number of new listings added in June was the highest total for any single month since May 2008. While inventory is […]
Uncategorized Local Market Update | June 2017 The hottest real estate market in the country just keeps getting hotter. Despite a large number of new listings, home prices in the Puget Sound area continued to set records in May. According to a Seattle Times article, “For the first time since the 2007 housing bubble, every county in the central Puget Sound region […]
Uncategorized It’s Time for the Bellevue Farmers Market Opening day for the Bellevue Farmers Market is nearly here! Mark your calendars for Thursday, May 18th in the parking lot of Bellevue Presbyterian Church. The Bellevue Farmers Market has been a staple on the Eastside for nearly 13 years, and Windermere Real Estate has proudly sponsored since it began in 2004. This farmers market […]
Uncategorized Local Market Update | May 2017 The local real estate market—already the hottest in the country—set yet another price record in April. The number of homes for sale dropped 27 percent compared to a year ago, the lowest amount of inventory ever recorded for a spring month. The historically low supply of homes is making competition among buyers fierce. Sellers are […]
Uncategorized Seattle Area Popular With Residents & Outsiders It seems like a tale as old as time. Many people are wanting to move to Seattle, but no one else really wants to leave. This leads to our favorite real estate headline for the last several years: inventory is low, prices are rising. Seattle-based Zillow recently analyzed searches on their website and compared the […]
Uncategorized Local Market Update | March 2017 While we finally saw an increase in new listings in March, there was an even greater jump in sales. Lack of supply continued to push prices to new record highs. For the fifth straight month, our region has experienced the sharpest home price increases of any major market in the country. While that may be […]
Uncategorized 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 you might 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 region, buyers […]
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Uncategorized Local Market Update | February 2017 The local real estate market remains very hot with extremely low inventory and prices that are rising faster than anywhere else in the country. However, that rate of price growth appears to be cooling from last year, dropping to its slowest pace in three years. Predictions of more interest rate hikes may further limit price […]
Uncategorized 3 Reasons to Sell Your House Now Thinking about selling your home? With inventory at historic lows, prices at or near record highs, and multiple offers common, it’s a perfect time to list your home. Here’s why: 1) The market significantly favors sellers. Last month, 53.6% of homes sold in fewer than 15 days. And 39% of homes sold for over asking […]
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