Monthly Newsletter

Monthly Newsletter Monthly Newsletter – January 2020: Top 12 Takeaways from Matthew Gardner for 2020, A Macro-to-Micro Look at the Economy & Housing Market Last week, I had the pleasure of attending our office’s 11th Annual Matthew Gardner Economic Forecast Event.  At this event, Matthew gives the crowd a review of the previous year and forecasts trends for the economy and housing market for the next year and beyond.  Below are my Top 12 Takeaways worth noting as you […]
Monthly Newsletter Monthly Newsletter – December 2019: Year In Review 2019 was a return to normalcy in the real estate market. After a volatile 2018 which encountered a sharp mid-year shift from an extreme seller’s market, 2019 had a more normal pace of seasonality and selection. After four to five years of multiple offers, week-long market times, waived inspections, and huge price escalations, we’ve now experienced a […]
Monthly Newsletter Monthly Newsletter: November 2019 – Quarterly Economic Update                             I am pleased to present the third-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. I hope that this […]
Monthly Newsletter Monthly Newsletter – October 2019: Dual Market, Transitioning from Residential to Condo   Last month, I did an analysis on the new phenomenon of a dual market. A dual market is when you have different market conditions within the same overarching real estate market. This duality presents amazing opportunities for sellers who are also buyers, depending on where they want to go. I reported on two dual […]
Monthly Newsletter Monthly Newsletter – September 2019: Identifying Dual Markets and the Opportunities They Provide   2019 has been a year where we have continued to gain more balance in the real estate market. Inventory levels have increased, days on market are longer, negotiations have opened up, and the constricted multiple-offer market is no longer the norm. It has been comforting to see price appreciation temper and move towards more normal, […]
Monthly Newsletter Monthly Newsletter – August 2019: Don’t Miss the Boat on Current Interest Rates Most recently, buyers have enjoyed more selection in the marketplace which has led to more open negotiations versus bidding wars. This is illustrated by an increase in average Days on Market and a decrease in the average Sold-to-List Price Ratios complete-year over year (the last 12 months over the previous 12 months). In King County, the […]
Monthly Newsletter Monthly Newsletter – July 2019         Price appreciation has been a hot topic for some time, but over the last year, prices have started to balance out and it takes some explaining. As you can see from the map above provided by the National Association of Realtors, price appreciation over the long haul has been robust. The map […]
Community Events & News Monthly Newsletter – June 2019 Changes are coming: The Washington State Legislature is changing the way in which real estate excise taxes (REET) are calculated. REET are different from your annual property taxes; they are the tax that a seller pays when they sell their home, based on the sale price. Currently, the Washington State excise tax is 1.28 percent. […]
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Monthly Newsletter 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 […]
Matthew Gardner Economic Reports Monthly Newsletter – April 2019 I am 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. I hope that this information will assist you with making better-informed real estate decisions. For further information about […]
Monthly Newsletter Monthly Newsletter – March 2019: Consulting Your Trusted Advisor vs Following the Media   Spring is in the air! The bulbs are starting to poke out of the ground and we recently hit 70 degrees in the Greater Seattle area. This is the time of year, due to weather and the end of the school year approaching, that the local real estate market starts to take off with activity. Not […]
Matthew Gardner Economic Reports Monthly Newsletter – February 2019 Most recently, we have experienced an uptick in market activity. In fact, in King and Snohomish counties we saw a 53% increase in pending sales from December to January. While it is seasonally normal to see activity increase at the first of the year, it was 16% higher than the previous January. This increase is being driven […]
Monthly Newsletter Monthly Newsletter – January 2019 Happy 2019! As we head into the New Year, it’s a great time to look ahead to what the real estate market has in store. Just last week, I had the pleasure of hosting an Economic Forecast Event with Windermere’s Chief Economist, Matthew Gardner, and soaked up his knowledge and predictions. Below are his general […]
Market Trends and Statistics What the Same House Sold for 3 Years Later! Price Appreciation Case Studies in North King & South Snohomish Counties 17836 1st Ave NE, Shoreline  •  4 bedroom  •  2,917 sq ft     Sold in November 2014 $560,000 Sold in January 2018 $800,000 $240,000 INCREASE IN HOME VALUE: 42.85% 18407 62nd Pl W, Lynnwood  •  3 bedroom  •  1,305 sq ft      Sold in September […]
Market Trends and Statistics A Love Letter to Buyers I hope your Valentine’s Day was a sweet one, but it got me thinking. I am often sharing with you the advantages of this market for home sellers, which is unbelievably positive. With that said, I thought I’d take some time to give the potential buyers in our marketplace some love, hope, and of course, data! Dear […]
Just for Fun Holiday Giving Recap This past Christmas, my office adopted 26 foster boys, ranging in age from 13-18 years old, and living in group homes managed by Pioneer Human Services. These group homes serve boys who are struggling with emotional, behavioral and/or psychiatric problems that prevent placement in a traditional foster care setting. We purchased gifts, using wish lists […]
Monthly Newsletter Commute Times, Price Premiums: The Value of Location, Location, Location Flickr Photo/SounderBruce (CC BY SA 2.0)/http://flic.kr/p/MzGznr Commute Times, Price Premiums: The Value of Location, Location, Location It is the time of year when I 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 […]
Matthew Gardner Economic Reports Matthew Gardner’s 2018 Housing Forecast In a nutshell, here is Matthew Gardner’s 2018 Housing Forecast. If you want to read his forecast in more detail, click here: http://bit.ly/2Cx1oSG
Monthly Newsletter What Does Median Price Buy you in Each Area Around Puget Sound? Recently the Seattle Times published an article about Seattle being the hottest real estate market in the country. This phenomenon has been taking place for over a year and experts don’t see this slowing down. According to the Case-Schiller Index, over the last 5 years since the market started to recover from the downturn, there […]
Monthly Newsletter Demystifying the Zillow Zestimate – Real Estate Update – Cori Whitaker 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 […]