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Join us this Weekend for Windermere’s Washington Waterfront Home Tour

We’ve found the perfect way for you to kick off summer this year. On June 11 and 12, Windermere is sponsoring the second annual Washington Waterfront Home Tour. More than 95 homes throughout Washington are available for visitors to tour by boat, bike, or car. Properties are priced from $189,000 to $10.4 million. While the homes on the tour are on the water or have views of the water, they’re not all uber expensive; there are properties that fit a wide variety of needs, styles, and budgets.

If you’re wondering about the investment potential of a waterfront home, you should note that sales for these properties have been booming. In the Puget Sound region, the average sales price is up over 10 percent compared to a year ago, and over the past three years, prices have increased by more than 20 percent*. With the amount of water we have throughout the area, it’s no surprise that waterfront homes are a popular choice, but our strong local economy is doing its part to drive up sales activity and prices.

A map of the homes and their open house hours can be found here; most will be held open from 1 p.m.-4 p.m. on June 11 and 12. The listing details will note the availability; for those listed as “by appointment only,” contact the agent for a private tour.

Happy hunting!

For more information, go to the Washington Waterfront Home Tour website.

*Source: Northwest Multiple Listing Services

This blog post originally appeared on the Windermere.com blog.

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Two Weeks ‘til the 30th Annual Windermere Cup!

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Let the countdown begin…

Saturday, May 7 marks the 30th anniversary of an event that is a touchstone for our company, our family of offices and agents, and the University of Washington. The Windermere Cup, held annually on the first day of boating season, is both an international sporting event and an opening day celebration, followed by the world’s largest boat parade. But more than that, it’s a celebration of camaraderie, teamwork, and a commitment to excellence.

This year, taking on the Husky men and women will be crews from Russia, Stanford University, Cambridge University, and the University of San Diego. The regatta is held as part of the Seattle Yacht Club’s Opening Day of Boating Season which features over 20 crew races followed by the infamous parade of boats through the Montlake Cut. Windermere Cup is a free, family-friendly community event that offers food vendors, children’s activities, and booths to purchase UW apparel and Windermere Cup commemorative gear.

To learn more about the Windermere Cup, visiting teams, and event schedule, go to www.windermerecup.com and follow us at www.facebook.com/WindermereCup and @WindermereCup. Join in the fun by adding our hashtag #WindermereCup to your photos at the event!

This article originally appeared on WindermereSeattle.com.

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Market Reviews – First Quarter 2016

Our Eastside Market Review and West Bellevue Market Review are both now available for the first quarter of 2016.

Eastside Market Review

Read the full report online by clicking the image below.

eastside-q1-16cover

West Bellevue Market Review

Read the full report online by clicking the image below.

westbellevue-q1-16-cover

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Windermere Living – Spring 2016

The Spring 2016 issue of Windermere Living showcasing residences and destinations from across the West is now available! Windermere Living is the exclusive listings magazine published by Windermere Real Estate.

Read the online version by clicking on the image below.

WRELiving-Spring2016cover

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Eastside Brokers Prepare for 2016

Matthew Gardner
Last year, Windermere brokers across the Eastside were prepped and excited for 2015 at our annual Eastside Windermere Kick-Off.

There’s even more this year as we prepare for real estate in 2016. At the sold out 2016 Eastside Windermere Kick-Off on Wednesday, Jan. 27, we’ll have five outstanding speakers who are extremely knowledgable about our housing market. Windermere’s own Matthew Gardner and Zillow’s Skylar Olson will present on the economy. Demco Law Firm’s Lars Neste and Northwest Multiple Listing Service’s Justin Hagg will also present along with keynote speaker Ron Culberson.

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Windermere Real Estate’s brokers work hard to bring you the most comprehensive and up-to-date information on our local housing market. At the 2016 Eastside Windermere Kick-Off, we’ll be giving them the best information from local experts to help make your buying or selling experience as smooth and stress-free as possible.

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Market Reviews – Fourth Quarter 2015

Our Eastside Market Review and West Bellevue Market Review are now both available for the fourth quarter of 2015.

Eastside Market Review

Read the full report online by clicking the image below.

eastsideimageq415

West Bellevue Market Review

Read the full report online by clicking the image below.

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Local Market Update – January 2016

2015 closed out the year with home prices hitting new highs, and inventory hitting new lows. The market is tough for buyers who are competing for a dwindling number of homes, but it’s also the greatest seller’s market in recent memory. What’s in store for 2016? Here is what Windermere Chief Economist Matthew Gardner forecasts.

Eastside

Click image for full report.
Click image for full report.

Home prices on the Eastside continued to climb. The Eastside extended its lead as the most expensive market in King County, posting a median home price of $675,000 in December. A strong technology sector here has helped boost demand for a very limited supply of properties. Competition among buyers is fierce at every price point, including luxury homes. Multiple offers are the norm, and cash sales are common. For buyers, a savvy broker can make the difference between an accepted offer or another disappointment.

King County

Click image for full report.
Click image for full report.

King County achieved two milestones in December. The number of homes on the market hit a historic low – the smallest number of active listings since at least 1993. And the median price for a single-family home hit an all-time high of $508,000, surpassing the previous high of $481,000 set in 2007. Those wanting to buy in King County can find more affordable options by heading south. The median home price in Southwest King County was $305,000. The median price in Southeast King County was $349,950.

Seattle

Click image for full report.
Click image for full report.

The hot market in Seattle just keeps getting hotter. High demand has sent prices soaring. The median home price in December hit a new peak of $600,000, an increase of 20 percent over a year ago. Homes here sell within days of coming on the market, often for substantially more than the list price. In December, a 1600 square foot bungalow in the popular Ballard neighborhood sold in eight days for $750,000 – $75,000 over the asking price. With just a few weeks of inventory available, home prices and competition are projected to stay strong.

Snohomish County

Click image with full report.
Click image with full report.

Snohomish County remains an affordable option when compared to the soaring cost of buying a home in King County. The median price of a single-family home sold in Snohomish County in December was $358,000. While that is an increase of 8 percent over a year ago, the price is about a third less than the median-priced home in King County. However, Snohomish County is facing the same shortage of inventory as the rest of the Puget Sound area, so home prices are expected to continue their rise.

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King County Had Almost Half of 2015’s 30 Most Competitive Neighborhoods in America

We probably don’t need to tell you that 2015 was a crazy year in real estate, especially in our area. Bidding wars and listings lasting mere days on the market is something we’ve all grown accustomed to. But it turns out we’re not alone. Curbed recently published an article that focused on the 30 most competitive neighborhoods in America. What’s the most mind blowing thing about this list? Of the 30 neighborhoods listed, 13 of them are in King County.

2015-competitive-markets

The Eastside was well represented on this list with Bellevue and Redmond making huge claims. Overlake was was the second-most competitive market in the entire nation! Honorable mentions were Grass Lawn (#7), Newport Hills (#14), Idylwood (#28), and Newport (#30).

It’s hard to say exactly what 2016 has in store, but our very own Chief Economist, Matthew Gardner, has a few ideas (such as expecting that housing in Seattle will continue to appreciate in value, but at a slightly lower rate than 2015).

Read more on Seattle Curbed.

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No Wage Stagnation on the Eastside

Wages on the Eastside are up

Last month’s U.S. Census report showed that middle-class incomes nationally were stagnant, confirming a trend that has been widely reported. But when 425Business magazine crunched the numbers for a local perspective, the picture changed. Unlike the U.S as a whole, median incomes in Bellevue and the greater Seattle area have risen – and wage growth has been particularly strong on the Eastside. A booming technology industry has made the Puget Sound area’s economic growth a standout.

Home prices soar as well

A steady influx of well-paid tech workers has boosted the local real estate market. With an increasing demand for homes, and not enough supply to meet the need, home prices have soared this year. The latest figures from the Northwest Multiple Listing Service show the median price of a single family home is up 10 percent over last year. If you’re considering selling, you’d be hard-pressed to find a better time to get top dollar for your home.

eastsideincome

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SKCR Installation & Awards Banquet

A couple of weeks ago, the Realtor Installation banquet took place. Several awards were given out and the 2016 board leadership was installed, including Patti Thorne Hill who was sworn in as the 2016 Seattle-King County REALTOR president! Starting off her 2016 SKCR President term, she made a speech that was eloquent, funny, heart felt, and inspirational. We’d also like to say congratulations to the many others that were installed and won awards. Thank you for being such incredible representatives of Windermere and Realtors everywhere.

SKCR Installation Pamphlet

INSTALLATIONS:

2016 Seattle King County REALTORS President:
Patti Hill, Windermere Real Estate/NW, Inc
2016 Seattle King County REALTORS Board of Directors:
Darci Gillespie, Windermere Real Estate/NW, Inc.
Trish Englund, Windermere RE/East Inc | Yarrow Bay
Debbie Rippeteau, Windermere Real Estate NE Inc.
Lynn Sanborn, Windermere RE/East Inc. | Yarrow Bay
Peter Wolf, Windermere RE/Wall Street, Inc.
VP Business Practices:
Rachel Adler, Windermere RE | Bellevue
VP Government Affairs:
Shane Davies, Windermere RE/Maple Valley

AWARDS:

REALTOR Community Service Award – CoHo Team, Windermere Real Estate/Wall Street, Inc.
Governmental Affairs Volunteer of the Year Award – Larry and Kathleen Powell, Windermere Real Estate/East, Inc.

SKCR_Director Installation

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