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Windermere Eastside

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Thinking about selling your home? With inventory at historic lows, prices at or near record highs, and multiple offers common, it’s a perfect time to list your home. Here’s why:

1) The market significantly favors sellers.

Last month, 53.6% of homes sold in fewer than 15 days. And 39% of homes sold for over asking price.

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2) Experts believe interest rates are on the rise. Higher interest rates decrease the amount buyers can pay for a property- and decrease your profits.

The median price for a home sold on the Eastside is $803,500. At today’s interest rate of 4.2%, that would equal a monthly mortgage payment of $3,929. If interest rates increase just a half a percent to 4.7%, that same monthly payment allows a buyer to purchase a home worth just $757,400. The bottom line: As interest rates increase, your pool of buyers decreases.

3) Historically, February through June…

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Windermere Eastside


By Matthew Gardner, Chief Economist at Windermere Real Estate

I believe that the big story for the coming year will be first-time home buyers. Since they don’t need to sell before purchasing, their reemergence into the market ensures that sales will continue to increase, even while inventory is limited. Thirty-one percent of buyers currently in the real estate market are first-time buyers, but it would be more ideal if that figure was closer to 40 percent.

Why don’t we have enough first-time buyers in the market? With Baby Boomers working and living longer, we aren’t making much room for Millennials to start their careers. Plus, the major debt that the younger generation owes on student loans ($1.3 trillion today) hugely impacts the housing market. But the bigger issue is lack of down payments. Before the recession, many Millennials could look to their parents for help with down payments; however, these…

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Windermere Eastside

A record low number of houses for sale in December indicates that 2017 will continue to be a very competitive market for buyers. The good news: those who decide to take the plunge and list their home can count on getting a premium price for their property. Brokers reported that about three-fourths of the homes sold in December involved bidding wars.

Eastside

Click image to view full report. Click image to view full report.
Strong demand driven by a booming tech economy and great schools continue to strain the already low inventory on the Eastside. It’s not unusual for a well-priced new listing to receive dozens of offers and to sell for well over asking price. With supply failing to meet demand, the median price for homes sold in December soared 19 percent to a new record high of $803,500.

King County

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King County had only about 1,600 single-family homes…

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Here is what to expect in the 2017 housing market…

Windermere Eastside

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According to Veros Real Estate Solutions, the Seattle-Tacoma-Bellevue market is projected to be the fourth hottest real estate market in the U.S. in 2017. The company projects home prices to appreciate 10.2 percent in our region next year, far outpacing the rest of the country.

If you’re thinking about selling, the timing couldn’t be better. With inventory at historic lows, prices at or near record highs, and multiple offers the norm, it’s an exceptional time to get top dollar for your home.

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Are you ready to sell your home?

Get in touch with a Windermere Real Estate agent to receive a valuation of your home based on current market conditions, walk you through the process, and answer any questions you may have.

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Windermere Eastside

The Winter 2016 edition of Lifestyle Northwest by Windermere Real Estate featuring homes for sale in waterfront and island communities throughout Puget Sound is now available!

Read the online version by clicking the image below.

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Windermere Eastside

Our Eastside Market Review is now available for the third quarter of 2016.

You can read the full report online by clicking the image below.

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Windermere Eastside

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Windermere and the Seattle Seahawks have come together to help #tacklehomelessness in our community.

As part of that campaign, offices on the Eastside are participating in Windermere’s “We’ve Got You Covered” winter drive.

From October 17 through November 14, we are collecting new hats, scarves, gloves/mittens, and warm socks for YouthCare, a non-profit that provides support and services to homeless youth throughout the Puget Sound area.

Each night in Seattle, nearly 1,000 young people are homeless. Please help them stay warm during the cold winter months by dropping off your donation to one of our offices during the drive.

Eastside Windermere Office Locations

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