Curious about what’s going on? We’ve got the festive Spring Fair and this weekend’s array of beautiful open houses!
The South Bellevue Park-and-Ride will close on May 30, 2017 and the park-and-ride lots at the Overlake Transit Center will be closed on May 1, 2017. Bus and shuttle service will remain open.
The lovely Spring 2017 issue of Windermere Living is now available to read online. The pages of this magazine feature gorgeous homes from across the Western United States and Hawaii. Homes listed by Windermere Mercer Island brokers are displayed on pages 11 – 12, and pages 24 through 31.
Listing supply dwindled with little new listing activity in the Seattle area this Spring Break week. The rain dance worked though! Look for many new listings to come on beginning next week as we enter the peak of the listing season. Photographers, home stagers and other pros tell us they are helping prepare more listings for market in the next two weeks than they’ve seen all year. This will be most welcome news for home buyers everywhere.
We don’t have any open houses to share, but there’s still tons of fun around the region!
Click to view quarterly market reports for Mercer Island,Seattle and The Eastside. Published April 2017. Mercer Island – Caused by a … Continue Reading Q1 2017 Seattle Area Real Estate Report
Overall, the Seattle-Eastside waterfront market showed a resurgence of activity in Q1 with highly desirable properties (moderate topography, easy access, … Continue Reading Q1 2017 Seattle Area Waterfront Report
Click to view the quarterly condo report for Mercer Island, Seattle and the Greater Eastside. Published April 2017 Seattle area … Continue Reading Q1 2017 Seattle Area Condo Report
Many neighborhoods saw a slight cooling off this week with pending sales lower than the craze of last week. More new listings promised to come to market could ease the pain felt by buyers in this extreme seller’s market. Check out this week’s report neighborhood by neighborhood for details!
Looking to view some open houses this weekend? Here are some great options. Plus, full-family fun at weekend Easter events! Ready for an egg-tastic weekend!
Northwest Multiple Listing Service brokers expected an uptick in the number of new listings during March, and that expectation was met with a significant gain – up more than 50 percent from February. Members added 10,321 new listings last month, but they also reported an even greater number of pending sales (10,447), leaving inventory near historic lows.
This week was beyond eclectic as every neighborhood seemed to beat to its own drum completely oblivious to what was happening next door.
It’s that time of year again! Time for Spring showers to make way for Spring flowers. This weekend kicks off the Skagit County Tulip Festival, which celebrates the millions of Pacific Northwest tulips bloom! While the tulips themselves adhere to their own schedule (as dictated by Mother Nature), it looks like some of the flowers are already in bloom. Keep up-to-date here!
Sales increased this week at many price points in nearly every neighborhood throughout the Seattle-Eastside region. The $2 million and above price point continues to have more supply than demand, but otherwise the market very much favors home sellers.
Pike Place Market has been a staple on Seattle since the turn of the century – and in June 2017 opens up with the fancy new upgrades. In its early days, Pike Place Market saw farmers bring their vegetables, fruit, dairy, eggs, and meat to sell as Settle grew into a thriving metropolis. On its original, grand opening day, the market ran out of produce within minutes – and that is how Pike Place Market skyrocketed into a international attraction.
News of substantial expected mortgage interest rate increases in 2017 may motivate buyers further to purchase while rates are low. Every 1% increase in interest rates equates to about a 10% reduction in purchasing price for the same monthly payment. So if you purchased a $600,000 home at 3.5% interest it would be about the same monthly payment as a $540,000 home at 4.5% interest.