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Statistical Information When Equity Meets Lifestyle – August 2020   Over the last 5 years, housing has had abundant price appreciation, providing substantial equity for homeowners to utilize to make meaningful lifestyle moves or invest back into where they are. In King County, the median price has appreciated from $463,000 to $689,000 since July 2015, which is a 49% increase equaling $226,000! In Snohomish […]
Quarterly Reports Q2 2020 Western Washington Gardner Report   The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent.   REGIONAL […]
Statistical Information July 27 – Real Numbers From The Front Lines! Where Are We?   As we head into the second half of 2020 we are starting to see the makings of a housing market recovery. There was a steep dive down in closed sales in April and May, but a quick snap back in June. This trajectory illustrates a “V” shaped change from the beginning of the COVID-19 […]
Uncategorized A Health Crisis, not a Housing Crisis … HOME EQUITY This is a health crisis, not a housing crisis.  Equity levels across the country and in our region are incredibly secure.  This crisis is unlike the housing crisis of the 2008 Great Recession where homeowner equity was very low based on high-risk loans.  Homeowners will not up and walk away from their homes […]
Helpful Information Stay Home, Stay Healthy – What Does That Mean For Your Windermere Broker? March 23, 2020   On March 23rd, Washington State Governor Jay Inslee issued a statewide “Stay Home, Stay Healthy” order for a period of at least two weeks. As a part of this order, all “non-essential critical infrastructure” businesses have been forced to close, including real estate brokerages.  But that doesn’t mean we’re closed for business! That’s the […]
Helpful Information COVID-19 & the Real Estate Market – Real Time Numbers From the Front Lines! Things are changing rapidly these days, and if I had a dollar for how many times I have said “one day-at-a-time” over the last two weeks, I’d have a nice stack of cash. There are lots of questions swirling about simple everyday life and big life decisions like buying and selling real estate. I’m a […]
Statistical Information Take Advantage of Great Interest Rates Most recently, buyers have enjoyed more selection in the marketplace which has led to more open negotiations versus bidding wars. This is illustrated by an increase in average Days on Market and a decrease in the average Sold-to-List Price Ratios complete-year over year (the last 12 months over the previous 12 months). In King County, the […]
Strategy Wealth Building Opportunities for First Time Home Buyers With the sharpest increase of available homes for sale in years, more opportunities are now available for buyers, including first-timers. Many first-time home buyers have sat on the sidelines and remained renters due to the constriction of inventory, which put major pressure on price affordability. Not only has affordability been an issue, but the terms required to prevail […]
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