Article written by Julie Barrows, owner of Windermere Real Estate / Mercer Island. Seattle area real estate paid off big … Continue Reading Mercer Island Sees 17+% Median Sales Price Increase Over 2016 Annual Report – What about Seattle and the Greater Eastside?
As we move into the new year, the housing market reflects on 2018 and looks forward into 2018 and its … Continue Reading Windermere's Chief Economist, Matthew Gardner, Weighs in on the 2018 Housing Market
Ever wonder how the ratio of for sale signs to sold strips affects the real estate market? We call this ratio the Absorption Rate—the rate at which homes sell in a given area and price point. The higher the absorption … Continue Reading December 15th Seattle Area Housing Report
The Seattle area experienced one of the busiest Novembers on record. Brokers report brisk activity as we head deeper into … Continue Reading December 2017 Seattle Area Housing Report
Can the real estate market really turn on a dime? The short answer is yes. Supply and demand dictate real estate just like any other market. Turn on the spigot of homes for sale or tamper down the demand and … Continue Reading December 8th Seattle Area Housing Report
Can you predict the future of the real estate market? We think yes. By looking at weekly pending sale vs. active listing data vs. month-old stats pushed out through the media, you can see emerging trends in real-time…long before the … Continue Reading December 1st Seattle Area Housing Report
While most buyers are still pondering 7 different ways to use leftover stuffing, we think now is a great time to talk turkey. The weeks between Thanksgiving and New Year’s are some of the most advantageous for diligent buyers to buy when the market favors them more than any other time of the year.
But don’t just take our word for it. Check out the real-time data in the report below. Then contact one of our amazing brokers to evaluate the true value of potential homes and ensure that you don’t leave money on the table.
You’ve been looking in {South Bellevue} for a while now and the market is just plain crazy. Being the savvy buyer you are, you and your broker are watching the weekly stats like a hawk.
Then, low and behold, you notice the market changes from Strongly Favors Sellers to Favors Sellers in your price segment. A potential opportunity to swoop in? Maybe. The indicator warrants taking a closer look and deciding if this is the right time to take a leap. One thing you’ll know for certain, most of the buyer’s out there are still reading last September’s news while you are actively monitoring the pulse of the market. If I were a gambler, my odds would be on you!
Why a weekly report you might ask? Tracking weekly activity captures trends that occur at the neighborhood and price point level before they reach mainstream data sources.
While monthly data provides a nice historical look-back, its nearly two month’s old just prior to each release. If you’re a buyer or a seller in this frenzied market you know first-hand just how important real time data is in giving you a competitive edge.
Pending sales still up despite market uncertainty! Proposed tax changes that could affect homeowners and the typical fall slowdown has … Continue Reading November 2017 Seattle Area Housing Report
The number of homes for sale hit records lows-just when you thought it couldn’t get any lower-with an average of only a one month supply of inventory for sale at all but the highest price points across the Seattle-Eastside region.
The Renton Highlands $700,000-$1.25 million and price points above $1.5 million throughout Seattle and the Eastside are favoring buyers this week.
South Bellevue, Ballard and North Seattle are hot! Most other areas in the region also had a good week, albeit the high end is showing signs of a slowdown.
Spooky could define the market this week. Marked seasonal slowing is noted in most areas with a few simmering hot spots. Click here for the full report and neighborhood-by-neighborhood statistics!
MERCER ISLAND The median sale price on Mercer Island increased 13.6% (to $1,460,000) over Q3 of 2016. Time will tell … Continue Reading Q3 2017 Seattle Area Residential Real Estate Report
It’s not just the weather cooling off. Many areas continued to slow as we move further into the fall season. Buyers who chose not to compete in the peak season frenzy may find the temperature is just right now.