Market Update

Market Update Newsletter – What is your home worth? Price Appreciation Case Studies in Snohomish & King Counties Over the last 6 years, the median price for a single-family home in King County has grown by 65%, and in Snohomish County 69%. Above are examples of actual homes sold in late 2015 to early 2016 that also sold in early 2021. Note, they were not remodeled or significantly improved in between sales. These examples show the growth in […]
Market Update Newsletter – Real-Time Market Update: Where We Are Now February 2020   The 2021 real estate market is off to a very brisk start. Historically low interest rates are driving buyer demand. This is coupled with a needed “catch-up” in available homes for sale. In 2020, we saw a stall in new listings during our normally plentiful spring market due to the pandemic. From April to […]
Market Update Newsletter: Matthew Gardner’s Top 10 Things to Look for in 2021 in the Economy and Our Housing Market   Last week I had the pleasure of attending Matthew Gardner’s 2021 Economic Forecast. Matthew is Windermere’s Chief Economist and coveted expert in our region often called upon by the local and national media for his insights on the economy and housing. Windermere has relied upon his forecasts and advice for over 15 years, and […]
Market Update South King County Quarterly Market Trends – Q4 2020   The 2020 real estate market was a bright spot in the economy and the fourth quarter finished strong, with the median price up 11% complete year-over-year. Interest rates started the year just over 3.5% and ended the year under 3%! The long-term average rate is 7.9%, putting into perspective the massive advantage for homebuyers […]
Market Update North Snohomish County Quarterly Market Trends – Q4 2020   The 2020 real estate market was a bright spot in the economy and the fourth quarter finished strong, with the median price up 10% complete year-over-year. Interest rates started the year just over 3.5% and ended the year under 3%! The long-term average rate is 7.9%, putting into perspective the massive advantage for homebuyers […]
Market Update Seattle Metro Quarterly Market Trends – Q4 2020   The 2020 real estate market was a bright spot in the economy and the fourth quarter finished strong, with the median price up 6% complete year-over-year. Interest rates started the year just over 3.5% and ended the year under 3%! The long-term average rate is 7.9%, putting into perspective the massive advantage for homebuyers […]
Eastside Eastside Quarterly Market Trends – Q4 2020   The 2020 real estate market was a bright spot in the economy and the fourth quarter finished strong, with the median price up 10% complete year-over-year. Interest rates started the year just over 3.5% and ended the year under 3%! The long-term average rate is 7.9%, putting into perspective the massive advantage for homebuyers […]
Market Update North King County Quarterly Market Trends – Q4 2020   The 2020 real estate market was a bright spot in the economy and the fourth quarter finished strong, with the median price up 7% complete year-over-year. Interest rates started the year just over 3.5% and ended the year under 3%! The long-term average rate is 7.9%, putting into perspective the massive advantage for homebuyers […]
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Market Update South Snohomish County Quarterly Market Trends – Q4 2020   The 2020 real estate market was a bright spot in the economy and the fourth quarter finished strong, with the median price up 12% complete year-over-year. Interest rates started the year just over 3.5% and ended the year under 3%! The long-term average rate is 7.9%, putting into perspective the massive advantage for homebuyers […]
Market Update South King County Quarterly Market Trends – Q3 2020   The real estate market continued to positively perform in the third quarter, and is the bright light in the economy during the COVID-19 health crisis. The protocols in place that have helped protect the safety of the community have recently been expanded to allow small group open houses to help address the demand in […]
Market Update 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 […]
Market Update 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 […]
Market Update Will COVID-19 Impact Where People Want to Live? Will COVID-19 Impact Where People Want to Live?   Recently, Matthew Gardner, Windermere’s Chief Economist released a video about the effects COVID-19 is having and/or could have on consumer tendencies in real estate. There seems to be quite the paradigm shift happening due to health reasons, appreciating simpler schedules, and the new phenomenon of many people working from home. Along with […]
Market Update 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 […]
Market Update 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 information will assist you with making better-informed real estate decisions. For further information […]
Market Update Quarterly Reports: Q1 2019 South King County Q1: January 1 – March 31, 2019   SOUTH KING 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 […]
Market Update Quarterly Reports: Q1 2019 North Snohomish County Q1: January 1 – March 31, 2019   NORTH 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 […]
Eastside Quarterly Reports: Q1 2019 Eastside Q1: January 1 – March 31, 2019   EASTSIDE: Months of inventory has 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 […]
Market Update Quarterly Reports: Q1 2019 Seattle Metro Market Q1: January 1 – March 31, 2019   SEATTLE METRO: 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 […]
Market Update Quarterly Reports: Q1 2019 North King County Q1: January 1 – March 31, 2019   NORTH KING 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 […]