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 market.

  • The Stay Home order, as expected, continued to impact the number of sales. However, the market is starting to move its way towards more normal activity. Pending sales, a measure of current demand, have risen every week since April.
  • The slight drop in median closed sale price is a result of a proportionately larger number of lower priced homes selling than is normal. It should not be interpreted as a decrease in individual home value.
  • There were significantly fewer homes for sale in May than the same time last year. With less than a month of available inventory, competition among buyers was intense. Bidding wars and all-cash offers were common.

The monthly statistics below are based on closed sales. Since closing generally takes 30 days, the statistics for May are mostly reflective of sales in April. If you are interested in more information, every Monday Windermere Chief Economist Matthew Gardner provides an update regarding the impact of COVID-19 on the US economy and housing market. You can get Matthew’s latest update here. As we adapt to new phases of reopening, know that the safety of everyone remains our top priority.

EASTSIDE

VIEW FULL EASTSIDE REPORT

KING COUNTY

VIEW FULL KING COUNTY REPORT

SEATTLE

VIEW FULL SEATTLE REPORT

SNOHOMISH COUNTY

VIEW FULL SNOHOMISH COUNTY REPORT


This post originally appeared on GetTheWReport.com

Posted on June 11, 2020 at 4:40 pm
Ashley Abolafia | Category: Local Market Update | Tagged , , , , , , , , , , , , , , , , ,

Local Happenings – January & February 2020

WA State Parks Free Day

January 20th

Explore the natural winter wonderland of one of our state’s many expansive parks with free admission (no Discover Pass required) in honor of Martin Luther King Jr. Day. Learn more about State Parks Free Days here.

FIND A PARK HERE

MLK Day Celebration

January 20th

This year marks the 38th Annual Dr. Martin Luther King, Jr. Day! The day will begin at 8:30 AM at Garfield High School with an Opportunity Fair and Workshops, developed to inspire us to affect change in ourselves and our community. Our Rally Program starting at 11 AM, followed by the March to City Hall at 12:30, demands that our politicians and civic leaders use their 20/20 vision to see us and to make change in our city.

LEARN MORE HERE

Tacoma Home & Garden Show

January 23rd, 24th, 25th & 26th

It’s never too early to begin planning your home refresh or gardening! A vibrant marketplace with 250+ booths to explore and several unique feature displays to enjoy, the Home & Garden Show at the Tacoma Dome is the perfect place to shop for home-related products and services, get inspired for your next home project, connect with industry experts, and enjoy informative presentations from renowned local and international home professionals.

LEARN MORE HERE

11th Annual Belgian Beer Fest

January 25th

The Washington Beer Commission’s 11th Annual Belgian Fest will take place at Seattle Center’s Fisher Pavilion highlighting Belgian-style beers crafted by Washington breweries. Featured beer styles include Tripels, Dubbels, Saisons, Wits, Abbeys and Lambics. In keeping with this unique style, all of the beers are brewed with Belgian yeast.

LEARN MORE HERE

Lunar New Year Celebration in Bellevue

February 1st

The Bellevue Collection, Seattle Chinese Culture and Arts Association, and the Overseas Community Affairs Council – Republic of China (Taiwan) welcomes in the 2020 Lunar New Year with a celebration featuring numerous traditional and contemporary cultural demonstrations including martial arts, music, dance, visual arts and food sampling. The festival is open to audiences of all ages and includes fun, complimentary activities for all to participate in.

LEARN MORE HERE

A Night Like This! at Teatro Zinzanni

Now through February 16th

A Night Like This is filled with classic elegance, show stopping entertainment, and mouthwatering bites wrapped in an evening so enchanting you may never want to leave!  Christine Deaver as Penelope Wilde spins tall tales from her exotic travels to the Seven Seas. The staff dreams big, two star-crossed lovers find magic in the air, hoops spin, ballerinas dance, the chef longs for a 5 star review, and Master of the House, Cunio pulls you in with his powerhouse vocals.

GET TICKETS HERE

Pike Brewing Chocofest 2020

February 9th

Fall in love with sips, sweets, and savory bites at Pike Brewing Company’s Chocofest! This culinary adventure celebrates Valentine’s Day with unlimited bites from premiere local restaurants and talented chocolatiers alongside delicious sips from Pike Brewing, local cidermakers, craft wineries, and distilleries. Chocofest benefits local nonprofit Long Live the Kings, who work to restore wild salmon and support sustainable fishing in the Pacific Northwest.

LEARN MORE HERE

More Valentine’s Day Events

Warm up your winter with a fun run for charity, romantic cruise, hearty laughs or indulgent wine and chocolate pairings, all in the name of love.

February 8: Dash through the streets of Fremont in your most festive undergarments to support a good cause in Cupid’s Undie Run. (Seattle)

February 13-15: Come aboard the love boat and gaze upon our gorgeous city from the water while enjoying a delicious 4-course meal during this Valentine’s Day cruise. (Seattle and Kirkland)

February 14-15:  Though Shakespeare said that music is the food of love, we think it may actually be laughter, as proven by this Comedy of Love Improv where spontaneous scenes rife with passion, lust, heartbreak and everything in between will be created based on audience suggestions. (Seattle)

February 15-16: Whisk away to Bainbridge Island for a quick weekend getaway-meets-staycation. Indulge in elegant wine and chocolate pairings while visiting 5 island wineries.

 


This post originally appeared on GettheWReport.com

Posted on January 24, 2020 at 8:09 am
Ashley Abolafia | Category: Local Community | Tagged , , , , , , , ,

Windermere Foundation Has Raised Over $1.5 Million This Year!

On National Philanthropy Day – we wanted to highlight one of our favorite charities, the Windermere Foundation! We are so glad to be a part of an organization that prioritizes charity and community work!

Windermere offices throughout the Western U.S. have been busy raising money and making donations to non-profit organizations in their local communities that provide services to low-income and homeless families. And their efforts are paying off; so far this year we’ve raised over $1.5 million, bringing the total raised by the Windermere Foundation to $39.5 million since 1989.

 

Here are just a few examples of how our offices are giving back to their communities:

 

Fort Collins, Colorado

The Windermere Real Estate office in Fort Collins held its 5th Annual Windermere Foundation Tailgate Party on Friday, September 20. The family-friendly event featured food, drinks, a bouncy house obstacle course, corn hole, face painting, and live music. Over $1,800 was raised for the Windermere Foundation during this event. All proceeds from the tailgate “party with a purpose” benefitted Partners Mentoring Youth and Crossroads Safehouse.

 

Centralia, Washington

The Windermere office in Centralia, WA sponsored the “Down Home: A Toledo Shindig” event held at Bonanza BBQ on September 14 to benefit Toledo School District students in need. Local businesses and residents came together to donate auction items, food, and volunteer their time. Windermere Centralia office managing broker Paula Burrows, Dan Gorton owner of Bonanza BBQ, and others from the community formed a committee and spearheaded the organization of the fundraising event, seeing a need in the community that was not being met. The Gortons provided the venue and the BBQ. Other sponsors provided additional food items, entertainment, and big-ticket items for the auction. The event raised $34,000 for a fund to help provide basic needs for students in the school district, things that low-income families couldn’t otherwise afford.

 

Photo Courtesy of Josie Ray Photography

 

Spokane, Washington

The Windermere office in Spokane, WA held their annual Windermere Shoes and Socks Event at their local Big 5 sporting goods store on August 24. Windermere agents and family members volunteered their time to help 132 children select a pair of shoes and socks. An additional 250 pairs of socks were also donated by Liberty Lake Rotary. In total, the Windermere office donated over $5,400 to provide shoes and socks to local children in need.

 

Windermere offices are proud to host events in their communities, like the ones mentioned above. These generous donations to the Windermere Foundation further our mission to support low-income and homeless families in the areas where we live and work. If you’d like to help support programs in your community, please click the Donate button.

 

 

To learn more about the Windermere Foundation, visit WindermereFoundation.com.

This post originally appeared on the Windermere.com Blog

Posted on November 15, 2019 at 11:49 am
Ashley Abolafia | Category: Windermere Foundation | Tagged , , , , , , ,

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 is expected to stay strong throughout the fall and winter.

EASTSIDE

Long the most affluent area of King County, the Eastside continues to record the highest home prices in the region. The median price of a single-family home on the Eastside was $928,500 in September, an increase of 4% from a year ago and a decrease of less than 1% from August. The Eastside construction boom continues, indicating that developers remain confident in the strength of the local economy.

VIEW FULL EASTSIDE REPORT

KING COUNTY

The number of homes on the market in King County fell by almost 20% in September when compared to a year ago. However, last fall saw an increase in inventory that was unusual for the time of year. The median price of a single-family home was $660,000, down just 1% from the same time last year. Cities in King County, outside of Seattle, all saw price increases. Sales were up 7% indicating no shortage of buyers.

VIEW FULL KING COUNTY REPORT

SEATTLE

Prices remained relatively stable, with the median price of a single-family home in September dipping 3% over a year ago to $750,000. As tech companies continue to recruit top talent to the area, Seattle’s population keeps booming and demand for housing remains high. While home sales traditionally dip in the fall, the city saw sales increase by 12% in September as compared to last year. Rising rents may push more buyers into the market.

VIEW FULL SEATTLE REPORT

SNOHOMISH COUNTY

Buyers continue to be drawn to Snohomish County thanks to a strong economy and housing costs that are considerably more affordable than King County. That influx of buyers is also driving up prices. The median price of a single-family home in September was $492,500, up from $484,995 the same time last year. At $167,500 less than the median price in King County, it’s a relative bargain.

VIEW FULL SNOHOMISH COUNTY REPORT


This post originally appeared on GetTheWReport.com

Posted on October 18, 2019 at 4:06 pm
Ashley Abolafia | Category: Uncategorized | Tagged , , , , , , , , , , , , , , , , , ,