Where to Donate Household Items during COVID-19

For many of us, all the extra time at home this year has sparked bouts of decluttering and purging. Whether you have already cleaned out your linen closet, or you’re still planning to tackle the garage, an important key in this process is what to do with all the stuff.

 

Most thrift stores in King & Snohomish counties are open under Phase 2 right now, but many of the more well-known spots have restrictions on what they will take, and when they are accepting donations. If you’ve made your way through a donation line at Goodwill, you probably know that they are not currently accepting any furniture. But did you know that many of the smaller, independent shops are taking large pieces?

 

Do a Google search for “thrift stores near me”, and call the smaller ones to see what their donation acceptance policies are during COVID. Or use this great national directory where you can put in your zip code and find lots of nearby shops.

 

Below are a few Puget Sound organizations where your gently used household donations support important causes like homelessness and youth mentoring. Make sure to check their website or call for their current COVID policies.

 

 

Leave a comment if you have a favorite thrift shop in the area that is taking donations!


Posted on August 10, 2020 at 3:08 PM
Windermere Real Estate North | Posted in Local Market Analysis |

Updated 2020 Forecast

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 health crisis until now.

Nationally, sales are down year-to-date but they were up 21% from May to June, the largest month-over-month increase ever recorded by the National Association of Realtors. According to Matthew Gardner, Windermere’s Chief Economist and sought after expert across the nation, he sees our position as a “glass half full” reality. He just released his updated 2020 housing market forecast and believes that sales will be down year-over-year, but that prices will be up!

He believes that the strongest influence on the reduction in sales is the lack of inventory, not lack of demand. In fact, inventory levels are the lowest they have been in two decades. Currently, national prices are up 3.5% year-over-year and he anticipates that prices will end the year up 4.3%. Currently in King County, prices are up 2% year-over-year and in Snohomish County 4% year-over-year.

Eight out of the last nine weeks of pending sales in King and Snohomish counties have outperformed the pending sales for the same weeks in 2019. Historically low interest rates are driving demand, as well as many people making big lifestyle moves due to remote working, the Millennials expanding their families, and Baby Boomers retiring.

He does not anticipate a huge flood of foreclosures despite some of the noise out there. He believes the mortgage forbearance programs are providing great relief for those out of work and that this will enable those in need to hold on to their homes until their jobs return. The sizable equity position many homeowners are in across the country is also ensuring that fewer homes will be foreclosed upon.

Housing is performing very well despite the health crisis and it will be a key leading factor for the recovery of the economy overall. Unlike the 2008 Great Recession, housing is the cornerstone of economic fortitude right now. If you would like additional information or if you’re curious how the market relates to your lifestyle and bottom line, please reach out. It is my goal to help keep my clients informed and empower strong decisions.

 

 

 

On July 18th our office managed to pull off our annual paper shredding event. We were able to follow the proper protocols and made it a no-contact event. Guests stayed in their cars and we unloaded their trunks and sent them safely on their way. It was a relief to be able to provide this service, as it has been a long-time tradition that provides a meaningful service.

Even better is we equally billed the event this year as a food drive. The results were heartwarming, outstanding, and successful. The generosity of our guests was overwhelming and impressive! Mike from Concern For Neighbors Food Bank was thrilled when he walked in and saw all the food piled up. He mentioned that actual food donations are very low this year due to the pandemic and that this would help greatly over the coming weeks. In addition to the 2,123 lbs of food we also collected $4,122 dollars! Mike and his team will use those funds to purchase food to provide to the community in need over the next several weeks.

If you’d like to donate, please visit their website (above) to see their COVID-19 schedule and how you can help.


Posted on August 4, 2020 at 10:07 AM
Windermere Real Estate North | Posted in Local Market Analysis, Newsletter |

Real Estate in Phase 2

As we transition into Phase 2 in our region, we have been allowed to expand our activities to best serve our clients in the safest way possible.

 

 

  • Our office has re-opened: 9am-3pm daily.
  • All in-person activities are by-appointment only. This includes showing homes and meeting at the office.
  • Real Estate Brokers and industry partners (inspectors, photographers, appraisers, etc) are required to wear a cloth face mask at all times. *Due to the Governor’s statewide mask mandate, clients and customers are now also required to wear face masks as well.
  • Three people are allowed on-site to view properties.
  • Open houses or any such public viewing of homes are not allowed.

 


Posted on June 19, 2020 at 9:52 AM
Windermere Real Estate North | Posted in Local Market Analysis |

What is Happening with Home Prices?

What is Happening with Home Prices?

It is without question we are living in one of the most unique times in all of our lives. Who would have thought we’d experience living life during a global pandemic? Beyond staying safe, adjusting daily habits, and navigating a changing economy, I’ve kept a very close eye on the housing market. With Windermere’s Chief Economist, Matthew Gardner as one of my guides, I am happy to report that housing has been a bright light in the economy during a very challenging time.

May unemployment numbers settled around 13%, an improvement over April, but still far from the 5% we started out with at the beginning of 2020. We are also embarking on our second quarter of retraction in GDP which is the textbook definition of a recession. Many experts are predicting a V-shaped recovery and I’d venture to say that we are currently at the bottom of the V. 

With stay-at-home orders being lifted or eased depending on what part of the country you live in, we are starting to see jobs come back.  Conversely, we are also seeing some industries thrive, but we will also witness some businesses be required to pivot to remain relevant or go away altogether. For example, tech is thriving and aerospace is not. The reorganization and re-prioritizing that is occurring will be impactful to many, some positive and some challenging.

In our region of the country, we entered into this pandemic with a thriving economy and a strong housing market. In January it was predicted that we would see a year-over-year price appreciation of around 5%. This health crisis will slow that level of appreciation, but we are not expecting losses.

Spring is typically our busiest time in the market with many sellers coming to market and buyers shopping in order to land in their new home by summer and the start of the fall school season. COVID-19 and the associated limitations in our daily activities along with employment disruption created a slowdown in our typical spring market. The largest impact has been the amount of available inventory to choose from. Amazingly, the housing market has continued to hum along with many buyers still eager to purchase. Inventory is down 40% year-over-year and buyer demand is strong, creating a frenzy in some price ranges and neighborhoods.

According to Joel Kan, Economist for the Mortgage Bankers Association mortgage applications are on the rise and up 5% from the same time last year. Summer is looking to be the re-invented spring market as our country starts to re-open. Interest rates are the lowest they have ever been, which is encouraging buyers to act and creating a good-sized audience for sellers.

Below is a video where Matthew speaks to his predicted trajectory for home prices as we travel through the second half of 2020 and beyond. Also, note below the latest statistic for both King and Snohomish Counties for the month of May.

 

 

It is always my goal to report real-time numbers from the front lines and do my best to explain what is happening.  I choose to look at the numbers in tight snippets week-by-week and also dig deep on year-over-year numbers. Right now, we are reporting growth from March and starting to return to the same amount of activity that we saw at the same time last year. We must keep a close eye on unemployment figures and mortgage forbearance reporting, both of which are improving but still have a ways to go.

It is my goal to help keep my clients informed and empower strong decisions by studying the stats and reporting my day-to-day observations. Please reach out if you or someone you know has questions or concerns. These are unprecedented times and knowledge is one of your most powerful tools. I am honored to be your trusted advisor.

 

 

 

 Congrats Class of 2020!

The class of 2020 deserves a huge congratulations! The milestone of finishing elementary school, junior high, high school or college is always worth noting, but this class is extra-special!! They have navigated distance learning and missed out on the proper celebrations, but they’ve shown resilience and finished strong. The world is proud of you and so am I!

 

 

A heartfelt thank you to all the teachers, administrators and staff that helped guide all the students this school year!  Distance learning is not for the faint of heart and the teachers are amongst the heroes during this challenging time!

 


Posted on June 10, 2020 at 1:53 PM
Windermere Real Estate North | Posted in Living, Local Market Analysis, Newsletter, Uncategorized |

Are we Headed Towards a Repeat of the 2008 Housing Meltdown?

Are we Headed Towards a Repeat of the 2008 Housing Meltdown?

The pressure the COVID-19 global pandemic is putting on the economy is a reality. As a real estate broker, I take great pride in having the honor of being your trusted advisor when it comes to your investment in the housing market and protecting the value of your home. I have been asked several times, “Is this the Great Recession all over again?”

At Windermere, we have continued to rely on the expertise of Matthew Gardner, Windermere’s Chief Economist. Above is a chart he shared from Black Knight Financial comparing the housing market as we headed into this global health crisis versus the start of the Great Recession in 2007. Below is an 11-minute video going over the chart line by line. I urge you to watch the video and key in to his expertise versus what you might hear in the media. Matthew predicted the Great Recession and does not shy away from heeding the truth, even if it is not great news. I trust him and I hope you do too.

Bottom line, we are heading into this economic challenge with a much more formidable foundation based on more stringent lending practices, higher equity levels, and we are anticipating a shorter 1-2 year V-shaped recovery, compared to the long U-shaped recovery of the 5-year Great Recession. In fact, we have seen pending sales rise over the last three consecutive weeks, some even with multiple offers. Every neighborhood and every price-point has its own story. Please reach out with any questions or concerns. It is my goal to help keep you informed and empower strong decisions.

 

 

 

 

We’re on a mission to help our local food banks keep their shelves stocked during this uncertain time. For every dollar our office raises, the Windermere Foundation is matching up to $3,500 through May 5th! This is a part of a total of $250,000 in matching funds from the Windermere Foundation, with the goal to give $500,000 to food banks across the areas that Windermere serves.

The need has never been greater, so we’re partnering with the trusted Volunteers of America (VOA) of Snohomish County, who know how to stretch every dollar to its fullest extent and successfully manage many of the food banks and food pantries across the county. In addition, a portion of the total raised will go towards buying vegetable starts for the Martha Perry Veggie Garden (MPVG) managed by the Snohomish Garden Club (SGC)which will supply local food banks with thousands of pounds of fresh produce throughout the summer and early fall. 

Our team of agents at Windermere North will be planting close to an acre of starts on behalf of the VOA at the MPVG with the SGC the end of May into early June in small groups practicing proper social distancing. We have done this project for three years as a larger group and we are thrilled to creatively get it done this year. Food Banks have always coveted fresh produce and this effort will be more meaningful than ever this year.  

If you are able to give, any amount will help make an impact and directly benefit our Neighbors in Need: gf.me/u/xy7ikd

Thank you!!

 


Posted on April 29, 2020 at 1:11 PM
Windermere Real Estate North | Posted in Living, Local Market Analysis, Newsletter |

Stay Home, Stay Healthy: The Impact on Real Estate

 

 

 

On March 28, 2020, Washington State Governor Jay Inslee amended his statewide “Stay Home, Stay Healthy” order to allow certain real estate activities to operate in the coming weeks. It’s important to understand that this change does not mean that real estate is returning to business as usual. Rather, there are strict protocols that brokers and their clients must follow as mandated by the amended order.

Windermere brokers are committed to safely helping their clients move their lives forward during these challenging times. To do so, here are the guidelines we must follow:

 

WHAT WE CAN AND CANNOT DO IN THE COMING WEEKS:

  • No open houses are allowed under any circumstances.
  • In-person meetings with clients are prohibited, except when necessary to view a property or sign documents.
  • When deemed necessary, home showings of active listings are by appointment only.
  • Only two persons allowed in a home at a time, including the representing broker.
  • Scheduled inspections and appraisals for pending transactions are allowed.
  • Buyer walk-throughs for pending transactions prior to closing are allowed.
  • Providing keys to buyers at closing is allowed.
  • Photographers, videographers and stagers are considered essential but must follow strict guidelines.
  • Moving companies may operate using social distancing and other protective measures.

 

While real estate brokers have more latitude now to perform certain duties, we want you to know that Windermere’s highest priority is the safety of our brokers, our clients, and our community. To minimize personal contact, we strongly encourage using virtual tours, video chat, and other forms of technology to view homes, stay connected to your broker, and conduct business.

Despite the challenges we’re facing, our brokers are more focused than ever on taking care of their clients and helping them achieve their real estate goals with outstanding professionalism, attention to detail, and an over-commitment to service.

 

 

 


Posted on March 30, 2020 at 10:12 AM
Windermere Real Estate North | Posted in Local Market Analysis |

Celebrating New Year’s Eve off the Beaten Path

Because big parties with crowds, expensive cocktails, and massive fireworks shows aren’t the only way to ring in the new year.

 

The holiday season is in full swing, and the year (and the decade!) is almost over. If a big party is not your scene, you’re not alone. Some of the most fun and meaningful moments in life are a little more intimate and shared with people we love. Below, I’ve rounded up a few ideas for ringing in the new year that are a little off the beaten path.

 

Staying In

  • Dinner Party

Invite your favorite people to share a meal. Plan an elaborate menu, and go all-out fancy. It’s the end of a decade, after all. Not much of a cook? Plan a potluck instead. Challenge everyone to make something they wouldn’t normally cook. Or assign teams and host a cook-off competition. There are lots of possibilities, but the end result of spending the evening with those you love, reflecting on the past and planning for the future is always a win.

 

  • Game Night

Gather the gang for drinks, snacks, and some good-natured smack talk. Game nights provide an easy way to laugh, play, and get out of your comfort zone, together. To avoid a game night fail, make sure you think about these three questions: 1) How many people can comfortably fit in your space 2) How many people can play the games you want to play 3) What kind of group do you want to have?

There are tons of great games you can play together, but here are some ideas, broken down by category. May the best player win!

 

  • Wine Tasting

Invite a local wine expert and a few friends to a special NYE tasting. Or, choose a type of wine and a price-point, and have everyone bring a bottle. Whether you are supplying the wine, or leaving it up to your guests, you’ll need to make sure you have enough wine glasses and a couple of good corkscrews, as well as plenty of food to soak it all up. Here are some great tips and ideas for hosting a great tasting.

If wine isn’t your thing, you could host a tasting event with beer, chocolate, or a different food item you love!

 

  • Pajama Party

If you’d rather have a low-key, casual evening at home, throw a pajama party! Cocktails, appetizers, and jammies were definitely meant to be together! You could make it a girls night in, a sleepover, a movie marathon, a family affair… so many possibilities! To make the evening feel extra special, have a signature cocktail for the evening. Perhaps something with champagne? Plan lots of snacks, gather all the throw blankets and pillows you can find, and get cozy.

 

Out & About

  • Overnight Hotel Stay

Take a mini vacay! It could be a fun getaway for the family, a renewing solo adventure, or the ultimate date night. During the day you can do some shopping, go see a movie, take advantage of the hotel pool, or relax in the spa. Ring in the new year with a meal in the hotel restaurant, or order room service for a special treat.

 

  • Attend a Religious service

Also called a Watchnight Service or Mass, the late-night New Year’s Eve religious service is a wonderful opportunity for self-reflection, renewal and preparing for the year ahead.

 

  • Volunteer

Spend the day volunteering your time for a worthwhile cause that is important to you. Perhaps there is a homeless shelter in your city who is looking for help serving dinner. Or a nursing home nearby, full of people who could use a friendly visitor. Make it a family day, or ask a few friends to join you. Spending time serving others can be one of the most rewarding ways to close out the year.

 

  • Karaoke!

For a casual, fun-filled evening with friends, ring in the new year with singing, drinks, laughter, and fun. If you like the idea of karaoke, but you’re too shy to sing in front of strangers, rent a private karaoke room so only you and your closest friends can laugh at each other.

 

No matter how you decide to close out the year, choosing to spend your time with people you love will ensure that you have a holiday worth remembering.

 

Cheers!


Posted on December 9, 2019 at 9:37 AM
Windermere Real Estate North | Posted in Local Market Analysis |

Monthly Newsletter – May 2019

The generational shift that is happening in our country right now is having a strong influence on demand for real estate. As the Millennials gain a stronger foothold into their adulthood, Generation X settles in with family, Boomers move towards retirement and the Silent Generation find themselves making moves for health reasons, the desire to match their homes to the time in their life is creating strong demand in the real estate market.

In the month of April, the absorption rate based on pending sales was 81% in north King County and 91% in south Snohomish County. Historically low interest rates are helping to fuel this demand. In fact, rates are over half a point lower than they were six months ago.  The low rates are enabling people to make moves with less debt service to satisfy their changing needs for housing based on their age and lifestyle. Below you can see a chart from the National Association of Realtors outlining this motivation.

 

 

Recently, the National Association of Realtors did a survey of home buyers to help understand the generational influence on real estate. From July 2017 to June 2018 they gathered data which outlined the top motivators for each age group. Let’s take a look at what caused these groups to make moves.

 

Young Millennials (1990-1998)
This group accounted for 11% of all home buyers and were predominantly first-time home buyers. Motivated by the desire to start building wealth through owning real estate and purchasing as close to work as possible, this group enjoyed small ramblers, townhomes and condos. This group used financing to obtain their purchases and used savings or gift funds to amass their down payment. A common misconception from this group is that they need a large down payment in order to purchase. This group utilized loan programs with smaller, single-digit down payments to help get their foot in the door of becoming a home owner and building wealth.

Older Millennials (1980-1989)
This group accounted for 26% of all home buyers, the largest group! They have become more established in their careers and are getting married and having children, which is creating the need for a larger home. They tend to gravitate toward larger homes and are willing to move a bit further away from work to obtain the larger square footage. This group is moving into the suburbs and considering school districts and commute times. Some were able to move equity from their first home to the next, creating a larger down payment;  others bought for the first time to avoid high rents.

Generation X (1965-1979)
This group accounted for 24% of all home buyers, the second largest group. They are motivated to upgrade to the largest square footage of all, and take a multi-generational approach to their housing. Many with aging children and/or parents, it is not uncommon for this group to consider having room for adult children or older parents. Still in prime earning years, proximity to work is very important.  Positive equity positions have helped this group make these transitions.

Younger Boomers (1955-1964)
This group accounted for 18% of all home buyers. Job change and desire to be closer to friends and family motivated this group. Positive equity growth enabled some of this group to have sizable down payments. Another interesting fact about this group is that one in four were a single female, some of which were first-time home buyers.  In some cases divorce and death lead individuals to still take on home ownership to build wealth and avoid high rents.

Older Boomers (1946-1955)
This group accounted for 14% of all home buyers. The ability to move equity from one home to the next was a huge influence for this group, and enabled them to find that “forever home” with large down payments and in some cases with “all cash”. The house with less maintenance, more upgrades, possibly further away from job centers, but still close to family and friends.  Single level living is of high priority for this group along with turn-key finishes.

Silent Generation (1925-1945)
This group accounted for 7% of all home buyers and often centered themselves in senior living choices. Smaller homes or condos with stair free access in communities close to family and health services are a priority for this group. Through years of equity growth many of these purchases are “all cash” or only with the need for a very small mortgage.

Life changes motivate real estate decisions.  Career changes, marriage, divorce, family size, retirement, and the desire to be close to family and friends are just some of the reasons people decide to make moves. Fortunately, today’s low interest rates and the ability to transfer equity from one property to another is having a positive effect on demand for real estate. The recent balancing of the market due to more inventory has also made it a bit easier for first-time home buyers to purchase a home.

If you’re curious about the market and how your goals, current lifestyle, and financial position measure up, please contact us. We can help you analyze your ability to match your home to your life. It is our goal to help keep you informed and empower strong decisions.

 


 

We are collecting vegetable seeds and starts for the Martha Perry Garden, where volunteers grow thousands of pounds of fresh produce every year for local food banks.

Our office will be spending a volunteer day in the garden for our annual Community Service Day in June. In addition to our labor, we will gift them all of the vegetable seeds and starts collected between now and then.

All seeds should be no more than a year old, although fresh seeds are preferred.

Wish List:

Basil, Beets, Cabbage, Carrots*, Cauliflower, Chard, Cucumbers, Green Beans, Herbs, Marigolds, Peppers, Radishes, Summer Squash, Snow Peas, Tomatoes, Winter Squash, Zucchini

*High Demand!

Starts of cucumbers, winter & summer squash, cole crops (cabbage, cauliflower, broccoli, kale, etc) are especially welcome

Thank you!!

 


 

The Windermere Foundation was recognized last week, along with 74 other generous companies, at the annual Puget Sound Business Journal’s Corporate Philanthropy luncheon. The Windermere Foundation moved up the list (and it’s a very impressive list, full of national and international companies!) from #22 to #17!

Check out WindermereFoundation.com for more info on our culture of giving back.


Posted on May 27, 2019 at 4:17 PM
Windermere Real Estate North | Posted in Local Market Analysis |

Monthly Newsletter – April 2019

We are pleased to present the first-quarter 2019 edition of the Gardner Report, which provides insights into select counties of the Western Washington housing market. This analysis is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information will 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 us.

View the full report on the Windermere Blog

 

 

 

 

 


 

When you shop at a local Farmers Market, you’re buying outstanding freshness, quality and flavor. Knowing exactly where your food comes from and how it was grown provides peace of mind for your family. Plus, you’re supporting a sustainable regional food system that helps small family farms stay in business; protects land from development, and provides the community with fresh, healthy food. Find one near you!

 

 

 

 

 


 

We are collecting vegetable seeds and starts for the Martha Perry Garden, where volunteers grow thousands of pounds of fresh produce every year for local food banks.

My office will be spending a volunteer day in the garden for our annual Community Service Day in June. In addition to our labor, we will gift them all of the vegetable seeds and starts collected between now and then.

All seeds should be no more than a year old, although fresh seeds are preferred.
Wish List:

Basil, Beets, Cabbage, Carrots*, Cauliflower, Chard, Cucumbers, Green Beans, Herbs, Marigolds, Peppers, Radishes, Summer Squash, Snow Peas, Tomatoes, Winter Squash, Zucchini

*High Demand!

Starts of cucumbers, winter & summer squash, cole crops (cabbage, cauliflower, broccoli, kale, etc) are especially welcome

Thank you!

 


 

Thank you for another successful Shred Day!

Two full truckloads of paper were safely shredded and recycled.

We love providing this service for our clients, friends and neighbors, but what we’re really excited about is how you all gave back to the community. Your donations provided 534 pounds of food and $1,129 to benefit Concern for Neighbors food bank. Thank you!


Posted on April 25, 2019 at 8:25 PM
Windermere Real Estate North | Posted in Local Market Analysis, Newsletter |

Quarterly Reports: Q1 2019 South Snohomish

Q1: January 1 – March 31, 2019

 

SOUTH SNOHOMISH COUNTY: Months of inventory was reduced as we finished out the first quarter of 2019. Months of inventory is the amount of months it would take to sell out of homes if no new listings came to market. This illustrates the balance between supply and demand. We peaked at 2.8 months in September of 2018 and found ourselves at 1 month this March.

The first quarter of 2019 saw 1,708 new listings and 1,547 pending sales – demand tracked quite well with supply! It remains a seller’s market (0-3 months of inventory), but not as constricted of a market as last year, which saw an average of 0.6 months in the first quarter compared to 1.3 months this year. As we head into spring, we should see continued growth in new listings and demand will be strong, fueled by low interest rates and positive jobs reports.

 

The second half of 2018 had a large influx of homes that came to market, and an interest rate jump which created a gap between supply and demand. Buyers enjoyed some negotiations and credits in the fall and winter due to more selection, but as interest rates reduced in the first quarter, we saw demand increase. This is helping to absorb inventory and reduce the average days on market it takes to sell a home. Median price is up 6% complete year-over-year, which is still higher than the 4% norm, but much less than the unsustainable 15% gains from 2017 to 2018. This balancing out in the market has been a positive phenomenon as affordability has been a challenge for many. Both sellers and buyers are finding great opportunities in the current market.

 

This is only a snapshot of the trends in south Snohomish County; please contact us if you would like further explanation of how the latest trends relate to you.

 

 


Posted on April 10, 2019 at 2:19 PM
Windermere Real Estate North | Posted in Local Market Analysis, Quarterly Reports |