Local Real Estate News

Local Real Estate News Matthew Gardner’s 2021 Housing Forecast   Every Monday since the start of the pandemic, Windermere’s Chief Economist, Matthew Gardner, has provided insights into the current state of the housing market through his video series “Mondays with Matthew.” Gardner’s latest release represents the last of his videos for 2020, while offering his 2021 forecast in the US housing market. Throughout 2020, […]
Local Real Estate News Kirkland Grows in Population, Housing, and Business   Across Lake Washington from Seattle, quiet Kirkland is in for a bustling future. Prior to the pandemic, the city was experiencing growth as it worked to accommodate 8,361 new housing units and 22,435 new jobs by 2035, averaging out to about 363 housing units and 975 jobs per year. Even with the pandemic in […]
Local Market Update Local Market Update – September 2020 August saw the lowest number of homes for sale in more than 20 years and the lowest mortgage rates on record. Sparse inventory and high demand pushed home prices to new highs. With pending sales outpacing new listings, inventory continues to shrink. King and Snohomish counties each have about a two-week supply of available homes. […]
Buying a Home Local Market Update – August 2020 While the pace of daily life may seem slow right now, the local real estate market has had an unusually busy summer. The number of new listings in July was up, sales increased, and home prices followed suit. • While overall inventory is at historic lows, more sellers put their homes on the market. New […]
Local Market Update The Gardner Report – Q2 2020 Western Washington   The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent.   REGIONAL […]
Local Market Update Local Market Update – July 2020 While our lives are very different than they were a year ago, the local real estate market has recovered to 2019 levels. Record low interest rates are helping spur demand. Sales were up, home prices increased and multiple offers were common. The number of pending sales, a measure of current demand, was higher in June […]
Local Real Estate News Reopening Real Estate, the Right Way.   As King County enters Phase 2 of reopening, residential real estate services providers must follow a strict set of rules. These control how brokers may conduct business inside and outside their offices and homes for sale (listings). Windermere has developed protocols for reopening that meet or exceed all of the state requirements. From the […]
Local Market Update Local Market Update – June 2020   As we move to the next phase of reopening, life feels like it’s slowly inching back towards normal. The same is true in real estate. Statistics on home sales in May provided the first true picture of the effects of COVID-19. Those reports confirmed the incredible strength and stability of the local real estate […]
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Local Market Update Windermere Insights: How COVID-19 is Really Impacting Local Real Estate   The challenges presented by COVID-19 have been felt locally by every home buyer, seller and real estate broker. Residential real estate, which was moving at breakneck speed through February, came to a screeching halt for two weeks in March after the initial Stay Home order was implemented. As soon as Governor Inslee declared real […]
For Your Home 6 Home Improvement Projects to Tackle if You’re Stuck at Home Social Distancing Spring has sprung in Seattle — and so has the coronavirus (the cause of the illness called COVID-19). If working from home and practicing social distancing has left you feeling stuck and uninspired, consider rolling up your sleeves and tackling a home improvement project or two. From the simplest updates to sensational additions, these projects […]
Local Real Estate News Seattle Home Sellers See Some of the Highest ROI in the Nation   As the housing boom continued to roar across the country and home prices soared in 2019, median home sales profits and returns-on-investment (ROI) achieved record highs, according to an annual year-end report from ATTOM Data Solutions. Western states and metropolitan areas, especially those on the coast, continue to reap the highest returns on home […]
Buying a Home Local Builder Brings New Townhome Communities to Bellevue & Kirkland Bellevue-based builder Quadrant Homes has introduced two new communities in Kirkland’s Totem Lake neighborhood and Bellevue’s Spring District. Featuring rooftop entertainment spaces, plenty of windows for natural light, and the latest home tech (including electric vehicle charging and whole-home voice control), these exciting new communities are sure to satisfy buyers.   Minutes from The Village […]
Local Real Estate News Matthew Gardner – Will There Be A Recession in 2020? Windermere Chief Economist, Matthew Gardner, answers the most pressing question on everyone’s minds: Will there be a recession in 2020? Here’s what he expects to see. Originally posted in on Windermere.com’s Economics 101 Videos and Market News by Matthew Gardner, Chief Economist, Windermere Real Estate
Local Real Estate News A Star is Reborn: Iconic Seattle Macy’s Star to Return in Time for the Holidays It looks like the iconic downtown Seattle holiday star will be back this year for at least one more time. Sources say a local sign company has been hired to repair and restore the 62-year-old holiday decoration that has graced the old Bon Marche (or, more recently, Macy’s) department store at the corner of 4th […]
Local Real Estate News Facebook continues Eastside expansion with 325 square-foot Bellevue lease Facebook is continuing to add on to its presence in Bellevue, signing a deal to lease yet another building in the city’s 36-acre Spring District development. The lease will span 325,000 square feet of office space in Block 6 of the Spring District complex, adding on to a 338,000 square-foot lease in Block 16, and […]
Local Market Update Local Market Update – October 2019 While fall usually brings a decrease in sales activity, the opposite was true in September. The number of listings on the market dropped by double digits and home sales rose. It is still a seller’s market, however prices have stabilized. With interest rates near historic lows and employment levels at historic highs, the housing market […]
Local Real Estate News AMAZON COULD BRING THOUSANDS OF DOGS WITH IT TO NEW BELLEVUE OFFICE Of all the impacts posed by thousands of new Amazon employees migrating to the Eastside, Bellevue officials perhaps weren’t expecting this — this could get ruff. The Puget Sound Business Journal went through a series of emails among Bellevue city employees, and found that officials are now preparing for thousands of dogs that will likely come […]
Local Real Estate News MORE HIGH-RISE CONDOS COMING TO DOWNTOWN BELLEVUE Almost exactly one year ago, Bosa Development paid $11 million for the Sushi Maru site in downtown Bellevue, at 205 105th Ave. N.E. Prior plans filed with the city indicated another condominium tower for the site, which is immediately north of Bosa’s One88, which is mostly sold out and nearing completion (occupancy is expected next year). Bosa […]