Local Market Analysis

Community Events Matthew Gardner’s Top 10 Predictions for 2023   1 There Is No Housing Bubble Mortgage rates rose steeply in 2022 which, when coupled with the massive run-up in home prices, has some suggesting that we are recreating the housing bubble of 2007. But that could not be further from the truth.   Over the past couple of years, home prices got ahead […]
Local Market Analysis Returning to normal: buyer affordability dictates the market while sellers retain equity. There is no doubt that 2022 has been one of the most eventful years in real estate. This is saying a lot coming off the record-breaking years of the pandemic. We will probably never see anything like 2020 and 2021 again. During this time the market responded to a historical event that motivated the rearrangement […]
Local Market Analysis Navigating a balanced market: property preparation, pricing & negotiations. As we experience the fall equinox, when the length of a day is equal to the night, we are also experiencing a similar balance in the real estate market. We define a balanced market to have 2-4 months of available inventory. This means that if no new homes came to market, we would be sold […]
Local Market Analysis Understanding the real estate market shift: Location is key! There is an old adage in real estate: location, location, location. Where a property is located has the biggest influence on its value.  Through the pandemic years, we saw a shift in how the location was valued. Before remote working became more common, homes located in neighborhoods that were closer to job centers such as Seattle were […]
Local Market Analysis Quarterly Market Reports for Q2 2022 As we head into the second half of 2022, we are experiencing a shift in the real estate market. The market is starting to balance out after two years of an intense seller’s market. Q1 this year had the lowest amount of inventory we have ever seen, which put upward pressure on prices. With the […]
Community Events The Gardner Report At Windermere, we are fortunate to have Matthew Gardner as our Chief Economist. In fact, we are one of the only real estate companies in the country to have such a well-respected expert sitting in this role. Not only is Matthew an asset to Windermere brokers and their clients, but he is a coveted resource […]
Local Market Analysis Quarterly Reports – Q1 2022 The 2022 real estate market started with a bang! We started the year with the lowest amount of available inventory we’ve ever seen coupled with interest rates a point lower than they are now, along with a plentiful buyer pool due to a strong job market and work-from-home influenced moves. The combination of supply and […]
Community Events Spring Market in Bloom – Keeping Perspective is Paramount As we round out the first quarter of 2022 and head into the notorious Spring Market there are a handful of factors that should be considered whether you are a buyer or a seller. Paying attention to the anticipated increase in housing supply, monitoring buyer demand, and assessing the effects of rising interest rates on the […]
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Community Events UPDATE: Global influences on the Housing Market & Interest Rates   A lot has happened in our world since the first of the year, specifically the rise in inflation and the recent Russian invasion of Ukraine. These factors can influence consumers and affect the housing and financial markets. Additionally, global unrest has had a clear influence on interest rates, driving them back down after a […]
Local Market Analysis With seller equity at an all-time high, it is important who you align with to get the best results   2022 has had an incredibly eventful start in our local real estate market. In January, the average list-to-sale price ratio (the percentage a house sells for in comparison to the list price) in King County was 105% and in Snohomish County it was 106%. This is in conjunction with complete year-over-year median price appreciation […]
Community Events Matthew Gardner’s 2022 Predictions for the Local Economy & Real Estate Market   Last week, my office hosted our 14th annual Economic Forecast Event with Matthew Gardner, Windermere’s Chief Economist. It was an hour-long presentation followed by lively Q & A that was packed with useful information to help guide us as we start the new year. Matthew journeyed the audience through a macro to micro approach, […]
Local Market Analysis QUARTERLY REPORTS Q4 2021 2021 was a year that will go down in infamy in regards to the real estate market. Tight inventory levels, historically low interest rates and increased buyer demand influenced by pandemic lifestyle shifts made for an eventful year! 2021 price appreciation is on top of the strong price growth we also saw in 2020. Seller equity is […]
Local Market Analysis The Zillow Algorithm vs The Human Algorithm: What is best for the consumer? The recent news of Zillow’s plan to shut down their iBuyer program due to a $328 million loss in the third quarter has heads spinning in the real estate world and on Wall Street.  Sadly, Zillow plans to eliminate 25% of its workforce because of its decision to move away from the practice of purchasing […]
Local Market Analysis Finding Buyer Success in a Seller’s Market: The Triangle of Buyer Clarity Embarking on a home purchase in a seller’s market can be intimidating, but it can be done. Long-term price growth confirms that owning a home is a key element to building household wealth. Home equity gained over time is typically the largest asset that contributes to a household’s net worth. Homeownership is not only an investment, but also […]
Local Market Analysis 2021 Year-to-Date Real Estate Market Review I’ve said it before and I’ll say it again, the 2021 real estate market has been a head-turner! In the second half of 2020, once we started to emerge from the COVID lockdown, the real estate market started to bustle with activity. 2020 ended up being a robust real estate year driven by low interest […]
Community Events Newsletter – Q2 Gardner Report & Summer Food Drive Recap   At Windermere, we are fortunate to have Matthew Gardner as our Chief Economist. In fact, we are one of the only real estate companies in the country to have such a well-respected expert sitting in this role. Not only is Matthew an asset to Windermere brokers and their clients, but he is a coveted […]
Local Market Analysis South Snohomish County Quarterly Market Reports Q2 2021 The 2021 real estate market continues to be hot! Tight inventory has been a result of intense buyer demand fueled by historically low interest rates and the lucrative tech industry in our area. Also, moves brought about by the COVID effect of remote work options and some people moving towards retirement have brought additional buyers to the […]
Local Market Analysis Newsletter – Summertime 2021: No Relief in Heat, But Relief for Buyers   Last week I heard a quote from Mike Loftin of the Urban Institute that resonated with me. “We need to stop seeing housing as a reward for financial success and instead see it as a critical tool that can facilitate financial success.” Homeownership as an investment has always been a long-term hold in order for […]
Local Market Analysis 4th of July: Fireworks & Events Around the Sound In-person events are back! As we transition back to “normal” there are several local events and celebrations for the whole family to enjoy this 4th of July! Some cities were not able to pull off such large events given the timing of opening and the circumstances surrounding the pandemic, but there are some great options […]
Local Market Analysis NEWSLETTER MAY 2021 – Year-to-Date Real Estate Recap: Where We’ve Been & Where We’re Headed Here we are, one-third into 2021, and boy what a ride it has been so far. We all know that 2020 was a unique year full of challenges and change. The pandemic made us pause and reevaluate many aspects of our lives including where and how we live. The impact of the pandemic on the […]