Local Market Analysis

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Local Market Analysis Quarterly Market Trends: Q1 Seattle Metro Q1: January 1 – March 31, 2018 It is the time of year when our market starts to take off. Spring is here and we are starting to see seasonal increases in inventory. In fact, there was a 69% increase in new listings in March compared to February. That increase was followed by a 48% rise in […]
Local Market Analysis Quarterly Market Trends: Q1 South King County Q1: January 1 – March 31, 2018 It is the time of year when our market starts to take off. Spring is here and we are starting to see seasonal increases in inventory. In fact, there was a 47% increase in new listings in March compared to February. That increase was matched by a 48% rise in […]
Local Market Analysis What the same house sold for 3 years later! Price Appreciation Case Studies in South Snohomish & North King Counties Since 2014, home values have grown by over 10% each year, resulting in a resounding 35% or more return in pricing. Below are some examples of actual homes sold in late 2017 to early 2018 that also sold in 2014, and that were not remodeled or […]
Local Market Analysis A Love Letter to Buyers   We often share the advantages of this market for home sellers, which is unbelievably positive. However we thought it was time to give the potential buyers in our marketplace some love, hope, and of course data!   Dear Greater Seattle Home Buyer, Let’s just be up front: buying a home in today’s market is not […]
Local Market Analysis Commute Times & Price Premiums: The Value of Location, Location, Location It is the time of year when we like to re-cap the price premiums in our area based on commute times. The price divide continued in 2017 between key market areas in the Greater Seattle area based on proximity to major job centers. These pricing premiums have cemented the drive-to-qualify market. Seattle proper has always been more expensive […]
Local Market Analysis Quarterly Market Trends: South King County Q4 2017 Price growth was particularly strong in 2017! Median was up 13% and average price up 12% over 2016. Median price in 2017 landed at $405,000 and the average at $440,000. The average amount of days it took to sell a house in 2017 was 30 days which is 9% faster than 2016. The […]
Local Market Analysis Quarterly Market Trends: Eastside Q4 2017 Price growth was particularly strong in 2017! Median was up 15% and average price up 16% over 2016. Median price in 2017 landed at $865,000 and the average at $1,049,000. The average amount of days it took to sell a house in 2017 was 24 days, which is 17% faster than 2016. The […]
Local Market Analysis Quarterly Market Trends: Seattle Metro Q4 2017 Price growth was particularly strong in 2017! Median was up 15% and average price up 14% over 2016. Median price in 2017 landed at $710,000 and the average at $801,000. The average amount of days it took to sell a house in 2017 was 18 days, which is 10% faster than 2016. The […]
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Local Market Analysis Quarterly Market Trends: North King County Q4 2017 Price growth was particularly strong in 2017! Median and average prices were up 14% over 2016. Median price in 2017 landed at $715,000 and the average at $787,000. The average amount of days it took to sell a house in 2017 was 17 days, which is 19% faster than 2016. The average list-to-sale […]
Local Market Analysis Quarterly Market Trends: South Snohomish County Q4 2017 Price growth was particularly strong in 2017! Median was up 14% and average price up 12% over 2016. Median price in 2017 landed at $508,000 and the average at $543,000. The average amount of days it took to sell a house in 2017 was 24 days, which is 17% faster than 2016. The […]
Local Market Analysis Quarterly Market Trends: North Snohomish County Q4 2017 Price growth was particularly strong in 2017! Median and average prices were up 13% over 2016. Median price in 2017 landed at $371,000 and the average at $400,000. The average amount of days it took to sell a house in 2017 was 35 days, which is 10% faster than 2016. The average list-to-sale […]
Local Market Analysis 6 Predictions for the 2018 Housing Market & Economy Header At Windermere, we have the privilege of working with esteemed economist, Matthew Gardner. Throughout the year, I have shared his quarterly Gardner Reports which delineate out all the different housing markets in Western Washington and reports on price appreciation and sales data. Below is a recent article he wrote about predictions for the 2018 real […]
Local Market Analysis Demystifying the Zestimate® Knowing the value of your home is helpful in many ways. It can help determine one’s net worth, help decide if a home sale or purchase is a financially feasible move, determine the ability to get a loan – and it’s just nice to know where your largest investment stands. Consumers have the option to […]
Local Market Analysis 3 Reasons why we are NOT Headed Towards Another Bubble   Are we headed for another housing collapse? We get asked this question often, and we can understand why. With the 2008 Great Recession not too far back in our rear-view mirror it is understandable that folks don’t want history to repeat itself, as that was a very painful time for many. Also, price appreciation […]
Local Market Analysis What You Need to Know About the Condo Market   Over the last two years, the affordability of Greater Seattle area real estate has become a rising concern. Many buyers have decided to move a bit more north or south of major job centers to find the price point that works for them, or have foregone a single family residence (SFR) and turned to […]
Local Market Analysis Buyers: Keep Your Head Down, This May be Your Time The first five months of 2017 have been a grind for buyers in our area. Inventory has been quite limited and demand has been off the charts. However, in the month of May we started to see things loosen up, with the highest rate of new listings coming to market in some time. Below are […]
Local Market Analysis You’d Like to Sell Your Home, but Where to Next… and How? Homeowners across our region are enjoying very healthy equity levels due to an upswing in the real estate market over the last five years. In fact, the median price in King County is up 50% over the last five years and up 47% in Snohomish County. This growth in equity has given homeowners the exciting […]
Local Market Analysis Seattle, What’s the Big Deal? The headlines are everywhere proclaiming Seattle as the hottest housing market in the nation. Our humble city built on aerospace, trade, and influenced by a software engineer who donates millions, has found itself on the national map as the new darling of the tech world. Of course, this proclamation cannot go without mentioning the commerce juggernaut right […]
Local Market Analysis Does it Make More Sense to Rent… or Own?   With Seattle’s robust job market and high housing costs, there has been a lot of talk lately about the cost of living in the Greater Seattle area. In fact, Seattle is now the 5th most expensive city to rent in the country according to a new study from Nested.com. The average monthly rental price […]
Local Market Analysis Demand is High, Inventory Low… Here we Go! The two graphs here illustrate the amount of homes for sale, the amount of homes that sold, pending sales and new listings over the past two years in King and Snohomish Counties. This gives us a good look at the simple principle of supply and demand. We are currently experiencing one of the strongest Seller’s markets in […]
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