Pending sales were up in more than half of the region’s neighborhoods. Diminished inventory of available homes for sale continues to be a huge obstacle for home buyers. With local employers such as Amazon adding more than 110,000 workers, regionally and across the globe, and a shortage of buildable land, it’s no wonder housing supply is so tight.
Opportunity exists for buyers who get to the game early. We are seeing some properties go under contract with few or no competing offers.
Western Washington’s “high velocity” market continued during January with the number of pending sales (7,745) outgaining the number of new listings (6,507), according to new figures from Northwest Multiple Listing Service.
This week marked slower sales activity in many areas as many new listings trickle onto the market. Perhaps buyers are playing the wait and see game? With prices expected to rise further this spring, buyers may not want to sit on the sidelines too long.
New Seasons Market has been such a nice addition to Mercer Island Town Center. They offer a great shopping experience, a handy place to grab lunch, and they have already been partnering with local non-profits.
So, it’s January (almost February). What now? It’s the beginning of a fresh and exciting year, but we all want … Continue Reading 13 Tips to Jump-Start the New Year!
Fewer new listings this week. Solid sales activity decreases the supply of available homes in most areas. Even the $2 million+ market looks favorable to seller this week.
Originally posted on Windermere Blog, author Matthew Gardner 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 Reading First Time Buyers, Millennials, and What to Expect in 2017
Click to view annual market reports for Mercer Island, Seattle and The Eastside. Published January 2017 WATERFRONT ANNUAL REPORT: Click … Continue Reading 2016 Real Estate Report for Seattle, Mercer Island and the Eastside
If you follow Windermere Mercer Island on social media, a week ago Friday you saw our brokers attended the 2017 Eastside … Continue Reading 2017 Windermere Real Estate Eastside Kick-off: We're Ready For What This Year Will Bring!
2016 WATERFRONT YEAR IN REVIEW Seattle-Eastside waterfront velocity slowed slightly in 2016—likely an extension of the oversupply of inventory that … Continue Reading 2016 Greater Seattle-Eastside Annual Waterfront Report
Click to view the year end condo report for Mercer Island, Seattle and the Greater Eastside. Published January 2017 This … Continue Reading 2016 Annual Seattle Area Condo Report
A lot of new listings this week with pending sales nipping on their heels. Much to the dismay of many potential home buyers, this looks to be an early start to strong seller’s market in 2017.
A frozen start to our new year didn’t seem to dampen home sales.
Did you make any health-related resolutions at the New Year? New Seasons Market on Mercer Island is all set to help you establish healthy eating habits and pump up your nutrition knowledge! Every Saturday this month, you can jumpstart your … Continue Reading Jumpstart Your Healthy Resolutions With New Seasons Market Mercer Island