Peak Seattle Real Estate Market + Seattle Area Real Estate Report

Peak Seattle Real Estate Market  + Seattle Area Real Estate Report

Seattle’s real estate peak season market typically begins the week after mid-winter school break

If you’re one of the many buyers out there looking at the dismal 1-2 homes that come on the market in your price range each week, you may be in for some good news. Sellers who have been preparing their homes for sale since January are finally just beginning to put their homes up for sale. Next week will kick off our market’s peak season with seasonally more homes for sale (now through June) than any other time of year. There will be more competition too as buyers come out of the woodwork to circle around the most desirable homes.

This week would be a great time to get your ducks in a row. Get your loan pre-approval or underwriting squared away. Get your inspector short-list lined up. Re-review your must-have and nice-to-have home feature lists. Make sure your broker is at-the-ready and available. Write a buyer bio about yourself and why you would be a great buyer for any seller’s home. Get clarity about where you want to live and zero in on that neighborhood. Consider walking/driving through your A-list neighborhoods weekly. You’ll notice which homes are getting an exterior spruce-up—possibly indicating they might be coming up for sale. Lastly, let family, friends, co-workers, and anyone who will listen know that you are looking for a home. You never know who will know someone who will be selling. The more homes you have to consider, the better your odds of finding the one that is just right for you.

 

View the full residential market report

 

© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

January 2018 Seattle Area Real Estate Report

January 2018 Seattle Area Real Estate Report
SEATTLE INVENTORY SHORTAGE CAUSES HUGE UPTICK IN PRICES

Prices for King County homes and condos (combined) jumped 20.3 percent year-over-year from January 2017. That’s great from the 1000 foot view but it doesn’t necessary tell you what’s happening in your area.Since real estate is always local, a look at the individual neighborhood reports depicts what is happening on a micro level.

Before you jump into the reports, you might be interested to know King County pending sales dropped 7.5 percent and closings dropped 18.5 percent due to the ongoing shortage of housing that our market continues to grapple with. Total active listings for sale are down nearly 17.6 percent from a year ago….and we thought we had the lowest inventory in history then!

 Neighborhood Reports

SEATTLE

West Seattle
South Seattle
Central Seattle
Queen Anne
Ballard/Greenlake
North Seattle
Downtown Seattle Condos

EASTSIDE

South Bellevue
Mercer Island
West Bellevue
East Bellevue
East Lk Sammamish
Redmond
Kirkland
Woodinville
Renton Highlands
Downtown Bellevue Condos

View the full market report

 

© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

Historical Interest Rate Chart + Seattle Area Real Estate Report

Historical Interest Rate Chart + Seattle Area Real Estate Report

How Today Compares to Historical Interest Rates

With mortgage interest rates rising many home buyers are asking the question of how today’s rates compare with historical rates of the past. This chart shows the average annual mortgage interest rate as tracked by Freddie Mac for the past 46 years.

The current 30-year fixed rate mortgage is right around 4.32%. Compare that with the historical 46-year average of 8.17% and rates still look phenomenal. Yes, they are up from a low of 3.65% in 2016…but nowhere near the high of 16.63% in 1981.

Often its hard to picture just how that pencils out. So, let’s compare the monthly principal and interest payment (not including taxes and insurance) on a $750,000 mortgage at each of these rates to see just how big of a factor the interest rate is.

@ the current rate of 4.32% – $3,720

@ the 46-year low of 3.65% – $3,431

@ the 46-year average of 8.17% – $5,592

@ the 46-year high of 16.63% – $10,478

Historical Mortgage Interest Rate Chart

View the full residential market report

 

© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

Advice for First Time Buyers + Seattle Area Real Estate Report

Advice for First Time Buyers + Seattle Area Real Estate Report

COMPETING AS A FIRST TIME BUYER IN A WILD AND CRAZY SELLER’S MARKET

First off, this adventure isn’t for the faint of heart. Being a first-time buyer in the Seattle area will test your patience, your sanity, and maybe even your will to be a homeowner. That said, there are a few things you can do to better your position.

  1. Get pre-underwritten (not just pre-qualified or even pre-approved) by a local lender who sellers will trust. This means your loan application goes to the underwriter and is approved subject only to a clean appraisal. Most sellers want the assurance that your sale above most anything else. We’ve all heard the horror stories of financing falling through at the eleventh hour. Sellers have heard them too. Getting pre-underwritten is the best guarantee you can offer a seller that you are a sure bet.
  2. Save as much as you can. Putting 20% or more down is the ideal, but in today’s bidding war arena, you might even have to agree to make up the difference for a low appraisal.
  3. Consider shelling out money for a pre-inspection on the right As a first-time buyer especially, you need to know about a home’s deficiencies. Sellers aren’t likely to allow an inspection contingency today, so often your only opportunity to inspect is before you write an offer. At an average of $500 an inspection that can add up to a lot of dough. Consider setting personal guidelines for which homes you’ll pre-inspect and which ones you won’t. For example, you might choose to pre-inspect a home that is an 8 or better out of 10 on your criteria scale, is very comfortably in your price range (with room to spare for escalation) and has fewer than 2 other pre-inspections being conducted.
  4. If the home is occupied, consider giving the seller a free rent-back period to make their move out less stressful (and your offer more enticing). Typical rent-back periods are 3-60 days depending on how aggressive you need to be. Yes, it costs money…but it just might make the difference between your offer and a better offer with no rent-back. Sometimes peace-of-mind (and sanity) at move-out are more important to a seller than getting more money.
  5. Assuming you have done all the above, consider waiving typical contingencies and releasing a part or all your earnest money to the seller on mutual acceptance to sweeten the pot. While there is a degree of risk in doing this, if you’ve done your due diligence ahead of time, this can be a compelling approach that doesn’t cost you any more at the closing table.
  6. Of course, it is essential to have a competent real estate broker who can help you navigate these waters, determine the value (as compared to similar properties), history (permits, prior sales, etc.), and activity (other offers, pre-inspections, expressions of interest) of potential properties you are interested in. This helps you go in armed with the information to make sound decisions with a clear offer strategy that will help you win far more effectively than the typical guesswork that goes in too many offers written without this guidance. A reputable broker also makes for a more reputable offer. It goes back to that assurance that the sale will close. Most sellers feel more comfortable accepting an offer when there is a solid realtor, lender and buyer behind it. It’s a package deal and everyone plays a role in making it all happen.

Lastly, be prepared for the adventure. There will be joy, surprise, heartbreak, anger, frustration and bliss along the way (hopefully not all in one day). If you go in knowing it will be a challenge, you’ll be much better prepared for the task at hand.

View the full market report

 

© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

Are We in a Bubble? + Seattle Area Real Estate Report

Are We in a Bubble? + Seattle Area Real Estate Report

ARE WE IN A BUBBLE?

The short answer is no, or at least not yet. While Seattle prices have been escalating at breathtaking rates, demand remains strong, employment growth stable and climbing, and mortgage credit is still very strict.

The average FICO score required to obtain the best conventional financing is 750, while the lowest scores qualifying for standard conventional financing are around 701 and require substantially more down.

Today’s purchasers are very well-qualified and typically put 10-20% down on a home purchase. This is vastly different from the years before the loan crisis when nearly anyone (working or not) could obtain a mortgage loan with little or no down payment.

In fact, today’s homeowners have a have a higher equity position-an average of 40% home equity-than anytime in recent history.

What could cause a bubble in our region? Substantial easing of FICO scores and other qualifying loan criteria, significant increases in unemployment, or a sudden lack of buyer demand caused by rapidly rising interest rates.

Next week we’ll explore how to best protect yourself when buyer in a peak market. In the meantime, here are a few great articles we found interesting.

Washington State Housing Insights by Zillow Chief Economist Svenja Gudell

Windermere Chief Economist Matthew Gardner’s 2018 Forecast

Zillow Research: What We Learned About Housing Over the Past Year

 

View the full market report

 

© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

3 Reasons There is So Little Inventory + Seattle Area Real Estate Report

3 Reasons There is So Little Inventory + Seattle Area Real Estate Report

Three Reasons There is So Little Inventory for Sale

  1. People are staying in their homes nearly twice as long as during the previous peak market cycle. The current average home tenure is 8.2 years.
  2. Boomers aren’t selling. Most are working far longer than previous generations and want the benefits of living close to work and play.
  3. New construction isn’t meeting demand. The shortage of skilled labor, and the high cost on both land and materials puts new construction out of reach for many buyers.

View the full market report

 

© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

A Shortage of Condos + Seattle Area Real Estate Report

A Shortage of Condos + Seattle Area Real Estate Report

As Seattle-Eastside homes become less and less affordable, buyers are turning to condominiums in droves. Convenience is a huge part of this equation too. From easier commute options from more centralized locations to their low maintenance living, condos have a lot to offer today’s buyer.

While there are many aspects to condo ownership, the pros may just outweigh the cons in many scenarios. What we do know is that solid research and soul searching are a requirement of any successful lifestyle change.

Looking at this week’s snapshot, Downtown Bellevue condos are in very short supply while Downtown Seattle offers more to choose from.

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

2017 Year End Seattle-Eastside Residential Real Estate Report

2017 Year End Seattle-Eastside Residential Real Estate Report

2017 SEATTLE YEAR END REVIEW

Seattle area real estate paid off big yet again in 2017 with a 14.1% median price increase to $708,000. In fact, over the past five years, prices are up 58.7%. A Seattle house that was $446,000 in 2013 would sell for a whopping $708,000 today, or $262,000 more.

Seattle Report

Grappling with gridlock and buyer push-back over steeply escalating prices, Seattle saw the strongest price growth in neighborhoods further from the downtown core—namely South Seattle, Shoreline, and West Seattle. These more affordable regions offered home buyers more for their money than many of the core in-city hoods…although the quaint, inviting homes with signature “Seattle Charm” are pretty hard to pass up.

Click here to view the complete report for a neighborhood by neighborhood breakdown of Average Sale Price, size, and number of homes sold.

 

 

2017 EASTSIDE YEAR END REVIEW

Median price appreciation on the Eastside fared even better than Seattle with year-over-year prices up 15.2% to $868,000. Over the past five years, prices are up 54.8%.

Eastside Review

The entire Eastside—comprised primarily of the cities of Bellevue, Medina, Clyde Hill, Yarrow Point, Hunts Point, Kirkland, Issaquah, Redmond, Sammamish, Woodinville, Carnation and Duvall—grew at a frenzied pace as buyers competed for fewer and fewer homes in Seattle’s newer and more spacious neighboring Eastside region. Those communities closest to the metro core and I-90/520 arterials fared best but homeowners in more remote Eastside neighborhoods are hardly complaining.

Click here for the full report and neighborhood-by-neighborhood statistics!

 

 

2017 MERCER ISLAND YEAR END REVIEW

The median sale price on Mercer Island increased 17.1% (to $1,546,000) over 2016. Lack of available housing was the biggest contributor in driving prices up in this often-coveted island community nestled in the heart of the metro region between Seattle and Bellevue.

Mercer Island Report

New residential development regulations implemented in November impacted the size and placement of new construction and remodeled homes. Given the current buyer demand in the Mercer Island market, the new restrictions generally only affected values where total building size was significantly diminished.

Click here to view the complete report for a neighborhood by neighborhood breakdown of Average Sale Price, size, and number of homes sold.

 

 

© Copyright 2018, Windermere Real Estate/Mercer Island. Information and statistics derived from Northwest Multiple Listing Service and deemed accurate but not guaranteed.

2017 Year End Condo Report

2017 Year End Condo Report

2017 YEAR END REVIEW

Condo Report

In desperately short supply, condos have become a favorite, or the only option, for buyers looking for walkability, convenience, and affordability in one nifty little package. Experiencing one of their best years in decades, condo prices flourished in 2017 and will likely see similar gains in 2018. Well-run buildings with reasonable monthly dues, those with all the bells and whistles, and good proximity to essential services are especially popular right now.

Check out all of these factoids and more in the full condo report.

© Copyright 2018, Windermere Real Estate/Mercer Island. Information and statistics derived from Northwest Multiple Listing Service and deemed accurate but not guaranteed.

What Does Months Supply of Inventory Mean? + Seattle Area Real Estate Report

What Does Months Supply of Inventory Mean? + Seattle Area Real Estate Report

An alternate method to analyze the market is by looking at the Month’s Supply of Inventory. The reverse of Absorption Rate, this number represents how many months it would take for all the homes currently for sale, to sell at the current pace. You can calculate the Month’s Supply of Inventory by dividing the total number of homes for sale by the number of homes sold each month.

For example, if there were 15 homes for sale in December, but only 6 sold (15/6), there is 2.5 month’s supply on the market for sale. Three to six months of supply is average: if the number is smaller, it indicates a seller’s market. If the number is greater, a buyer’s market is likely. The more extreme the mark on the continuum, the stronger the market polarity.

Hint: we do the calculation for you each week in this report and indicate whether the market is balanced, favors one segment, or strongly favors one segment. Easy peasy!

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

December 2017 Seattle Area Real Estate Report

December 2017 Seattle Area Real Estate Report
SEATTLE EXPERIENCES LOWEST INVENTORY LEVELS IN DECADES, MAYBE HISTORY.

Faced with the lowest inventory levels in more than three decades—probably much longer but we’d need to scour through handwritten ledgers to go back any further—prospects for an abundance of new homes for sale to meet the current demand aren’t looking favorable.

The Seattle region needs to become more creative at how it meets the housing needs of its people or its people will head elsewhere. As much as we hate it, higher density, better mass transit to outlying areas, and more effective use of available land and housing will likely have to be part of the discussion.

It’s time to roll up our sleeves and find solutions that work for longstanding residents and newcomers alike.

 Neighborhood Reports

SEATTLE

West Seattle
South Seattle
Central Seattle
Queen Anne
Ballard/Greenlake
North Seattle
Downtown Seattle Condos

EASTSIDE

South Bellevue
Mercer Island
West Bellevue
East Bellevue
East Lk Sammamish
Redmond
Kirkland
Woodinville
Renton Highlands
Downtown Bellevue Condos

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

Can Timing the Market Right Make that Big of a Difference? + Seattle Area Real Estate Report

Can Timing the Market Right Make that Big of a Difference? + Seattle Area Real Estate Report

Can timing the market right really make that big of a difference when buying a home? Yes! Yes! And Yes! Consider this. If the Median Sale Price in North Seattle is $798,000, and you make an offer during a typical week (where there are far more buyers than sellers) you’ll likely pay at least 4% above the listed price, or a $32,000 premium.

Compare that to an off-week (holiday, school break, or other anomaly), where you might pay close to the listed price, and you’ve got a nice furniture budget to play with. Of course, the best properties will always command the best prices, but even they are subject to market fluctuations from week to week.

Pay attention and “cha-ching” could be part of your vocabulary soon.

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. 

Information and statistics derived from Northwest Multiple Listing Service.

TheMarketTalks.com December 15th Seattle Area Housing Report

TheMarketTalks.com December 15th Seattle Area Housing Report

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 rate, the faster homes are selling. Absorption rate is calculated by taking the number of homes that sell each month divided by the total number of homes for sale.

For example, if 6 homes sell in December in Central Seattle between $800,000 and $1.2 million, and 15 homes were for sale, the absorption rate is 6/15 or 40%. If 1 home of 15 sells, the absorption rate is 1/15th or 6%. An absorption rate above 30% indicates a seller’s market in which homes are selling fast. Absorption rates below 15% show a buyer’s market, which means homes are selling relatively slowly. Everything in between is deemed a balanced market.

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. 

Information and statistics derived from Northwest Multiple Listing Service.

November 2017 Seattle Area Housing Report

November 2017 Seattle Area Housing Report
THE SEATTLE AREA EXPERIENCED ONE OF THE BUSIEST NOVEMBERS ON RECORD.

Brokers report brisk activity as we head deeper into December. Indeed, with inventory levels at incredibly low numbers, many sellers decided to take advantage of a rare busy late fall market and we saw a flurry of listings come to market between Nov. 1st and 18th. Buyers jumped on the new inventory creating a very busy November for pending sales.

With all the added inventory (and more) snatched out of the active listing pool, December pickings are few and far between. With fewer buyers searching for homes in December, diligent buyers can use this time to potentially negotiate more favorable pricing on the homes remaining on the market. This can also be a great time of year for buyers with less competitive offer terms (ie. aren’t paying all cash, pre-inspecting or giving up their first born) to compete in ultra-competitive segments.

Neighborhood Reports
SEATTLE

West Seattle
South Seattle
Central Seattle
Queen Anne
Ballard/Greenlake
North Seattle
Downtown Seattle Condos

EASTSIDE

South Bellevue
Mercer Island
West Bellevue
East Bellevue
East Lk Sammamish
Redmond
Kirkland
Woodinville
Renton Highlands
Downtown Bellevue Condos

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

TheMarketTalks.com December 8th Seattle Area Housing Report

TheMarketTalks.com December 8th 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 you’ll see a marked reaction. Do both at the same time and you’ll see that dime spinning.

One more note, this typically happens at the micro-level long before market-wide trends occur. So, for example, the red hot East Bellevue market might shift in only one or two price brackets and that shift could be short-term (1 or 2 weeks) or long term.

Blink and you might miss it. But keep your eye on the ball and you can take advantage of temporary slowing in an otherwise hot market.

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

TheMarketTalks.com December 1st Seattle Area Housing Report

TheMarketTalks.com December 1st 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 headline grubbing competition.

Does that give you a leg up? We think so!

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

TheMarketTalks.com November 24th Seattle Area Housing Report

TheMarketTalks.com November 24th 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 Years 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.

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

TheMarketTalks.com November 17th Seattle Area Housing Report

TheMarketTalks.com November 17th Seattle Area Housing Report

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 buyers 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 months’ 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.

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

November 10th Seattle Area Housing Report

November 10th Seattle Area Housing Report

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 months’ 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.

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

October 2017 Seattle Area Housing Report

October 2017 Seattle Area Housing Report
PENDING SALES STILL UP DESPITE MARKET UNCERTAINTY

Proposed tax changes that could affect homeowners and the typical fall slowdown has done little to stem the pending sales activity in the red-hot Seattle-Eastside market. While every neighborhood and price point is its own little island, a quick look through October’s activity shows most segments still favoring sellers as we head into November.

 Neighborhood Reports

SEATTLE

West Seattle
South Seattle
Central Seattle
Queen Anne
Ballard/Greenlake
North Seattle
Downtown Seattle Condos

EASTSIDE

South Bellevue
Mercer Island
West Bellevue
East Bellevue
East Lk Sammamish
Redmond
Kirkland
Woodinville
Renton Highlands
Downtown Bellevue Condos

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

November 3rd Seattle Area Housing Report

November 3rd 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.

View the full market report

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

October 27th Seattle Area Housing Report

October 27th Seattle Area Housing Report

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.

View the full market report

Seattle

West Seattle
South Seattle
Central Seattle
Queen Anne
Ballard/Greenlake
North Seattle
Downtown Seattle Condos

Eastside

South Bellevue
Mercer Island
West Bellevue
East Bellevue
East Lk Sammamish
Redmond
Kirkland
Woodinville
Renton Highlands
Downtown Bellevue Condos

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

October 20th Seattle Area Housing Report

October 20th Seattle Area Housing Report

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.

View the full market report

Seattle

West Seattle
South Seattle
Central Seattle
Queen Anne
Ballard/Greenlake
North Seattle
Downtown Seattle Condos

Eastside

South Bellevue
Mercer Island
West Bellevue
East Bellevue
East Lk Sammamish
Redmond
Kirkland
Woodinville
Renton Highlands
Downtown Bellevue Condos

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

October 13th Seattle Area Housing Report

October 13th Seattle Area Housing Report

Spooky could define the market this week. Marked seasonal slowing is noted in most areas with a few simmering hot spots.

View the full market report

Seattle

West Seattle
South Seattle
Central Seattle
Queen Anne
Ballard/Greenlake
North Seattle
Downtown Seattle Condos

Eastside

South Bellevue
Mercer Island
West Bellevue
East Bellevue
East Lk Sammamish
Redmond
Kirkland
Woodinville
Renton Highlands
Downtown Bellevue Condos

 

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.