WINDERMERE NORTH BLOG

Many Factors to Consider When Choosing to Rent vs. Own

Jul 26, 2016

*The amount of time you need to own your home in order for owning to be a superior financial decision. There has been a lot of talk lately about the cost of living in the Greater Seattle area. Whether it has to do with home prices or rental rates the story is the same: it […]

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A Thirteen-Year Overview of Inventory Levels- Where’s the Balance?

Jun 24, 2016

The two graphs here illustrate a thirteen-year overview of inventory levels in both King and Snohomish Counties, highlighting the 2007 crash. Inventory levels are measured by the months of available inventory. For example, if there were 60 homes available in July and 30 homes sold in July, you would be left with two months of inventory; meaning that if no new homes came to market, […]

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Market Update – Q1 2016

May 3, 2016

The 2016 real estate market is off to an extreme start! Strong buyer demand due to our flourishing job market and historically low interest rates are the driving force behind this market. Buyers often find themselves competing due to multiple offers which require seller-centric terms in order to win. Prices have continued to grow over the last two years, putting sellers in […]

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Strategy is Key in an Extreme Market

Mar 22, 2016

The beginning of 2016 has been quite the ride so far in our local real estate market. It has been the most extreme seller's market we've ever seen. At the end of February, both King and Snohomish Counties ended the month with only one month of inventory based on pending sales. Pending numbers (the amount […]

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It’s an Amazing Time to be a Seller!

Feb 24, 2016

The two graphs here illustrate the amount of homes for sale and the amount of homes sold 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 recent history. A […]

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Home Price Affordability Driven by Commute Times

Jan 26, 2016

Close proximity to the work place is often near the top of a buyer’s list of preferred features. 2015 proved to be the year that commute times to major job centers widened the price divide between key market areas in the Greater Seattle area. Seattle proper has always been more expensive than its neighboring suburbs, but the […]

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