Skip to content

Tag: Seattle

Windermere Mercer Island

June 9th Seattle Area Housing Report

The big winners this week were the Central and West Seattle neighborhoods and Downtown Bellevue condos-if you are a seller that is. For buyers-South Seattle, East Bellevue and Kirkland all had a nice jump in new listings to choose from.

June 2nd Seattle Area Housing Report

This week feels a bit like watching a ping pong match in in the real estate market. On the tails of strong seller sentiment last week we find buyers more in the driver’s seat this week with more new listings on the market and fewer pending sales. A little more of this kind of balance does a market good!

Windermere Mercer Island

June 2017 Seattle Area Housing Report

KIRKLAND, Washington (June 6, 2017) – Would-be buyers who have been shut out of the real estate market should test the “real estate waters” during the summer months suggests one industry leader.

“Summer might provide some competitive relief for weary buyers,” said Gary O’Leyar, owner of Berkshire Hathaway HomeServices Signature Properties, pointing to some of the newly-released statistics from Northwest Multiple Listing Service as indicators.

Noting that the trend of multiple offers is still prevalent in the Seattle market, O’Leyar stressed that’s not always the case in areas outside the immediate Seattle area. In fact, he added, the market may “cool off” a bit during summer months as weary buyers find vacations and recreational pursuits more alluring than being in competitive bidding situations.

ice cream Seattle Bellevue Kirkland Washington Memorial Day Weekend Long Weekend

I Scream, You Scream, We All Scream For ICE CREAM!

While Memorial Day weekend unofficially ushers in summer, this holiday weekend promises to deliver in our region. We’re supposed to see the sun – warm, sunny sunshine! So while you are stockpiling Vitamin D via our much-missed sunny weather, it might be nice to have a treat that always tastes a little better when the weather is warm – an ice cream cone.

May 26th Seattle Area Housing Report

Sellers had the upper hand this week with fewer new listings on the market and pending sales depleting much of the existing inventory. This was especially so in Ballard and North Seattle. Several Eastside neighborhoods showed some balance in the $1.5 million range but were otherwise right in tune with Seattle. Expect many new listings to come to market in the two weeks following Memorial Day weekend.

May 19th Seattle Area Housing Report

Pending sales ruled the roost this week as buyers enjoyed the many new listings on the market. Some price points stagnated but all-around a very good week for both buyers and sellers.

May 12th Seattle Area Housing Report

Market activity was solid this week as buyers had many new listings to choose from. The result was a marked increase in pending sales in this peak market week.

May 5th Seattle Area Housing Report

This week’s activity cooled somewhat compared to last week’s marathon. The market is still active to be sure, but more buyers are taking their time to check out their options. Our 1.75 days of gorgeous weather possibly played a role…

2017-04 The Market Talks

May 2017 Seattle Area Housing Report

“The real estate market is going absolutely gangbusters,” remarked OB Jacobi, president of Windermere Real Estate. “The remarkably low number of homes for sale can be blamed for the drop in sales,” he emphasized, adding, “The uptick in interest rates at the end of last year has clearly done nothing to slow things down.”

Inventory fell nearly 25 percent from the volume of active listings being offered a year ago. At the end of April, MLS brokers reported 10,679 homes and condos for sale across a 23-county area, which compares to the year-ago selection of 14,235 listings.

Viewed another way, there is only about 1.5 months of supply (about six weeks), which compares to twelve months ago when supply totaled about 1.85 months. (In general, four-to-six months is considered a balanced market.) There has not been more than two months of supply since September 2016.

MLS members continue to struggle to keep pace with demand. Brokers added 10,648 new listings to their database last month, down from 11,939 during April 2016, and they reported 10,514 pending sales. That total was down 893 transactions for a drop of year-over-year drop of 7.8 percent.

April 28th Seattle Area Housing Report

Wow, just WOW! Buyers embraced the market in force following last week’s flood of new listings. Prepared to waive everything and give sellers added perks as icing on the cake in hopes of being the lucky bid winner of the home of their dreams, buyers are making some incredulous choices.
Good news for sellers as it pushes the real estate market to new highs. Not so good news for buyers who aren’t willing to give their blood to compete. As for Realtors, we prefer a more balanced market where everyone wins.

April 21st Seattle Area Market Report

We saw an incredible uptick in homes for sale this week and some slowing in the volume of pending sales. That said, we are hearing crazy stories of hot Seattle listings being bid up 20-25%. Be careful out there! Know your limit before you get emotionally attached. Having a savvy Realtor can help you make smart decisions even when the market is bonkers.

April 14th Seattle Area Housing Report

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.