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Windermere Eastside

Home prices are still on the rise compared to a year ago, but there is some indication that prices are moderating. Combine that with an increase in inventory and we may be seeing some relief for buyers. Time will tell whether this is a momentary breather, or if we’re slowly moving to a more balanced market.

Eastside

Click image for full report. Click image for full report.
Home to the highest concentration of luxury homes in the state, the Eastside continues to be the highest priced region of King County. Median home prices here were up 10 percent over last July to $750,400. That is down from the May peak of $760,000, and virtually unchanged from June. Buyers looking in this desirable market may be seeing the start of easing home prices.

King County

Click image for full report. Click image for full report.
After five months in a row of record-setting prices, King County saw the median price of…

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Windermere Eastside


Economic Overview

Washington State continues to see strong employment growth, outpacing national numbers with an annual rate of more than 3%. Interestingly enough, despite these substantial job gains, the unemployment rate remains stubbornly high at 5.8%. However, I’m not overly concerned about this because it’s largely due to a growing labor force rather than a declining job market. This means that those who are unemployed who had previously stopped looking for work are now resurrecting their job searches because they have confidence in the economy.

I expect to see a modest drop in the unemployment rate through the balance of the year, and believe we will continue to outperform the nation as a whole with above-average job gains.

Home Sales Activity

  • There were 22,721 home sales during the second quarter of 2016, up by 4.4% from the same period in 2015. We finally saw a much-needed increase in listings, which…

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Windermere Eastside

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To say that Windermere has a lot of Seahawks fans would be an understatement. That’s why we are so excited to announce that we are now the “Official Real Estate Company of the Seattle Seahawks”!

At the center of this partnership with the Seahawks is a new #tacklehomelessness campaign in which the Windermere Foundation will donate $100 for every Seahawks tackle at home during the 2016 season. On the receiving end of these donations is YouthCare, a Seattle-based non-profit organization that has been providing services and support to homeless youth from across Puget Sound for more than 40 years. Since 1989, the Windermere Foundation has donated over $30 million to non-profits that support low-income and homeless families, so partnering with YouthCare and the Seahawks on the #tacklehomelessness campaign is a perfect fit for us.

“We are proud to partner with Windermere, an iconic and locally-based company with a deep…

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Windermere Eastside

Booming Market header

The local real estate market has never favored sellers more than it does today. Homes here are selling faster than anywhere else in the country, and home prices have hit new records.

What’s behind the boom?

Are you ready to take advantage of this historic seller’s market?
Get in touch with your Windermere Eastside broker today.

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Windermere Eastside

The Summer 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.

wrelivingsu16

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Windermere Eastside

Food_Banks

Did you know that June is fresh fruits and vegetables month? That’s great if you can afford them. However, they are a luxury for people who struggle to provide even just the basic necessities for their families. Many families rely on their local food banks as a regular supplemental food source. And of those families, 84 percent of households with children report purchasing the cheapest food available, knowing it wasn’t the healthiest option, in order to provide enough food for their family.

June_Foundation_Blog

And summertime is probably when food banks need your help the most. That’s because children are on break from school and their families have to provide the meals that they normally would get through school meal programs. Six out of seven low-income kids who eat a free or reduced-price school lunch do not get free meals during the summer because they don’t participate in summer meal programs.

So…

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Windermere Eastside

The S&P/Case-Shiller Home Price Indices is a monthly report that analyzes housing data in major metropolitan areas across the U.S. Windermere’s Chief Economist, Matthew Gardner explains what this report is and why we use it to assess the strength of the housing market.

This article originally appeared on the Windermere.com blog.

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