We’ve got you covered – Windermere Winter Drive

10/16/2017  through  11/10/2017

logoWe’re excited to announce that our office is participating in Windermere’s ”We’ve Got You Covered” winter drive benefiting YouthCare.

We’re heading into the second season of our partnership with the Seattle Seahawks, and we are continuing our campaign to help #tacklehomelessness. For every home game tackle made by the Seahawks, the Windermere Foundation is donating $100 to YouthCare, a non-profit that provides support and services to homeless youth throughout the Puget Sound area.

BUT THERE IS MORE WE CAN DO!

We’re excited to hold another Windermere “We’ve Got You Covered” winter drive benefitting YouthCare. Each night in the greater Seattle area, nearly 1,000 young people are homeless. And with the winter months quickly approaching, YouthCare is in dire need of survival supplies to keep homeless youth warm and dry during the long, wet winter.

Here’s what they need:
  • Warm socks
  • Hats
  • Scarves
  • Gloves/mittens
*New items only, please!
  • Please bring your donations by November 10th.

Thank you for your dedication to help others!

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Posted on October 10, 2017 at 11:44 am
Bellevue Commons | Category: Community Support, Windermere Bellevue Commons News | Tagged , , , , ,

Should I Buy a Home Now? Or Wait Until Next Year?

When should I buy a home?

 

  • The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 4.4% by next year.
  • CoreLogic predicts home prices to appreciate by 5.0% over the next 12 months.
  • If you are ready and willing to buy your dream home, talk to a real estate broker and find out if you are able to!

First Posted in keepingcurrentmatters.com.
Posted on October 2, 2017 at 1:11 pm
Bellevue Commons | Category: Home Buying, Windermere Bellevue Commons News | Tagged , , , ,

Who’s behind the recent $25 million commercial deal in Seattle?

A commercial deal in Seattle to remember…

Cassy Wu                                                                                                                                                             Photo by Anthony Bolante | PSBJ

 

Our broker Cassy Wu was recently involved in a $25 million deal in Seattle. She represented the buyer to purchase an old building which will turn into a residential high-rise. Cassy was the owner and manager of a large real estate brokerage in Beijing before she came to the U.S. in 1999. Cassy has had her real estate license for only four years, but her hard work and devotion to real estate have made her one of the most successful brokers in Seattle.

We are very proud that Cassy has chosen to work at Windermere Bellevue Commons and get all the support she can get to thrive even more in her business. Our owners and staff are dedicated to make Windermere Bellevue Commons a place where brokers can call home.

Our Mission Statement is “Build Strong, Long-Lasting Business Relationships By Providing Consistent Value and Exceptional Service”.

Posted by: Megan Javidan
Posted on September 25, 2017 at 10:26 am
Bellevue Commons | Category: Windermere Bellevue Commons News

Here’s your fall maintenance list

Is your home ready for fall?

 

 

Fall is an ideal time to tackle maintenance projects both inside and outside. Here are a few ideas to get you started:

Gutters top to bottom

Water in the wrong spots can do a lot of damage. Start by ensuring that gutters and downspouts are doing their job. (Don’t attempt this task yourself if you have a two-story house with a steep roof; hire a professional instead.) If your home is surrounded by deciduous trees you may need to clean out your gutters a few times a year, especially in the fall. Check to make sure your gutters are flush with the roof and attached securely, repairing any areas that sag or where the water collects and overflows. Clean out the gutters and downspouts, checking that outlet strainers are in good shape, and are firmly in place. Finally, check that your downspouts direct water away from your house, not straight along the foundation.

If you haven’t already, you may want to consider installing gutter guards. Gutter guards create a barrier so water can get through to your gutters, but debris cannot, limiting gutter buildup (and the time you spend cleaning out your gutters). There are DIY installation kits available or you can always hire a professional to install a gutter guard system.

If you have a sump pump under your house, now is a good time to test it. Run a hose to be sure draining water travels directly to the pump (dig small trenches if needed), and that the pump removes the water efficiently and expels it well away from the foundation. For more information about how sump pumps work go to howstuffworks.com.

 

Check for leaks

The best opportunity to catch leaks is the first heavy rain after a long dry spell, when roofing materials are contracted. Check the underside of the roof, looking for moisture on joints or insulation. Mark any spots that you find and then hire a roofing specialist to repair these leaks. What you don’t want to do is wait for leaks to show up on your ceiling. By then, insulation and sheet rock have been damaged and you could have a mold problem too.

Don’t forget the basement. Check your foundation for cracks, erosion, plants growing inside, broken windows, and gaps in window and door weathering.  Make sure to properly seal any leaks while the weather is nice. This will ensure materials dry properly.

 

Pest Prevention

Rodents are determined and opportunistic, and they can do tremendous amounts of property damage (and endanger your family’s health). As temperatures cool, take measures to prevent roof rats and other critters from moving in. Branches that touch your house and overhang your roof are convenient on-ramps for invaders, so trip back branches so they’re at least four feet from the house. If you do hear scuttling overhead or discover rodent droppings in your attic, crawl space or basement, take immediate action. The website http://www.thisoldhouse.com has several helpful articles on the topic.

 

Maintain your heating and cooling systems

Preventative maintenance is especially crucial for your home’s heating and air-conditioning systems. Fall is a smart time to have your systems checked and tuned up if necessary. Don’t wait for extreme temperatures to arrive, when service companies are slammed with emergency calls. Between tune-ups, keeps your system performing optimally by cleaning and/or replacing air filters as needed.

If you have a wood-burning fireplace, a professional inspection and cleaning will help prevent potentially lethal chimney fires and carbon monoxide poisoning. Even if you don’t use your fireplace often, always keep a supply of dry firewood or sawdust-composite logs so you have a backup heat source in an emergency.

 

Insulate & seal

Insulating your home is a cost-efficient investment, whether you’re trying to keep the interior warm in the winter or cool in the summer. Aside from more major improvements like energy-efficient windows and insulation, there are some quick fixes that do-it-yourselfers can tackle. If an exterior door doesn’t have a snug seal when closed, replace the weather stripping; self-adhesive foam stripping is much simpler to install than traditional vinyl stripping. If there is a gap under the door (which can happen over time as a house settles), you may need to realign the door and replace the vinyl door bottom and/or door sweep. Air also sneaks inside through electrical outlets and light switches on exterior walls. Dye-cut foam outlet seals placed behind the wall plates are a quick and inexpensive solution.

First Posted in Windermere Bolg.

Posted on September 18, 2017 at 4:55 pm
Bellevue Commons | Category: Home Sweet Home, Windermere Bellevue Commons News | Tagged , ,

King & Snohomish County Market Stats – August 2017

 

What’s Happening in the Market

Eastside (based on Residential Homes):

Low Inventory

The Real Estate market in August 2017 showed signs of slowing down, but it was interesting to see as home inventory fell, homes under $1.5M on the eastside were still selling at a fast pace while the upper end Buyers were being much pickier.

 

Less Sail-Fails

Another interesting thing to note was that Sale fails were continuing to drop which is a credit to more qualified Buyers and tighter contracts that are required when competing in a multiple offer situations.  It also was because of the pre-inspections being done before writing offers instead of requiring Buyers to find deficiencies and then renegotiate the terms of the contract.

Posted on September 14, 2017 at 12:00 pm
Bellevue Commons | Category: Market Stats, Windermere Bellevue Commons News | Tagged , , , , , , , , , , , , , , , , , , , , , , ,

King & Snohomish County Market Stats – July 2017

Eastside (based on Residential Homes):

Eastside (based on Condominium Homes):

 

Posted on August 8, 2017 at 12:14 pm
Bellevue Commons | Category: Market Stats, Windermere Bellevue Commons News

The Gardner Report – 2nd Quarter 2017

The Gardner Report | Western Washington Q2 2017

 

The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me.

ECONOMIC OVERVIEW


The Washington State economy has been expanding at a rapid pace but we are seeing a slowdown as the state grows closer to full employment. Given the solid growth, I would expect to see income growth move markedly higher, though this has yet to materialize. I anticipate that we will see faster income growth in the second half of the year. I still believe that the state will add around 70,000 jobs in 2017.

Washington State, as well as the markets that make up Western Washington, continue to see unemployment fall. The latest state-wide report now shows a rate of 4.5%—the lowest rate since data started to be collected in 1976.

I believe that growth in the state will continue to outperform the U.S. as a whole and, with such robust expansion, I would not be surprised to see more people relocate here as they see Washington as a market that offers substantial opportunity.

HOME SALES ACTIVITY


  • There were 23,349 home sales during the second quarter of 2017. This is an increase of 1.1% from the same period in 2016.
  • Clallam County maintains its position as number one for sales growth over the past 12 months. Double-digit gains in sales were seen in just three other counties, which is a sharp drop from prior reports. I attribute this to inventory constraints rather than any tangible drop in demand. The only modest decline in sales last quarter was seen in Grays Harbor County.
  • The number of homes for sale, unfortunately, showed no improvement, with an average of just 9,279 listings in the quarter, a decline of 20.4% from the second quarter of 2016. Pending sales rose by 3.6% relative to the same quarter a year ago.
  • The key takeaway from this data is that it is unlikely we will see a significant increase in the number of homes for sale for the rest of 2017.
Annual Change in Home Sales

HOME PRICES


  • Along with the expanding economy, home prices continue to rise at very robust rates. Year-over-year, average prices rose 14.9%. The region’s average sales price is now $470,187.
  • Price growth in Western Washington continues to impress as competition for the limited number of homes for sale remains very strong. With little easing in supply, we anticipate that prices will continue to rise at above long-term averages.
  • When compared to the same period a year ago, price growth was most pronounced in San Juan County where sale prices were 29.2% higher than second quarter of 2016. Eight additional counties experienced double-digit price growth.
  • The specter of rising interest rates failed to materialize last quarter, but this actually functioned to get more would-be buyers off the fence and into the market. This led to even more demand which translated into rising home prices.
Western Washington Heat Map
Annual Change in Home Sale Prices

DAYS ON MARKET


  • The average number of days it took to sell a home in the quarter dropped by 18 days when compared to the same quarter of 2016.
  • King County remains the tightest market; homes, on average, sold in a remarkable 15 days. Every county in this report saw the length of time it took to sell a home drop from the same period a year ago.
  • Last quarter, it took an average of 48 days to sell a home. This is down from the 66 days it took in the second quarter of 2016.
  • Given the marked lack of inventory, I would not be surprised to see the length of time it takes to sell a home drop further before the end of the year.
Average Days on Market

CONCLUSIONS


Market Speedometer
This speedometer reflects the state of the region’s housing market using housing inventory, price gains, home sales, interest rates, and larger economic factors. For the second quarter of 2017, I moved the needle a little more in favor of sellers. To define the Western Washington market as “tight” is somewhat of an understatement. Inventory is short and buyers are plentiful. Something must give, but unless we see builders delivering substantially more units than they have been, it will remain staunchly a sellers’ market for the balance of the year. Furthermore, increasing mortgage rates have failed to materialize and, with employment and income growth on the rise, the regional housing market will continue to be very robust.

ABOUT MATTHEW GARDNER


Matthew Gardner is the Chief Economist for Windermere Real Estate, specializing in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has more than 30 years of professional experience both in the U.S. and U.K.
Posted on July 26, 2017 at 12:45 pm
Bellevue Commons | Category: Windermere Bellevue Commons News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

King & Snohomish County Market Stats – June 2017

What’s Happening in the Market

Eastside (based on Residential Homes):

  • Market times fall (Down 12-13% Year over year)
  • Demand is still at a somewhat frenzied pace.

The summer swoon may be upon us as June numbers show that listings outpaced the pending’s for the first time in quite a while, but don’t count on it lasting long.  The predictors don’t favor this trend as home prices are still on the rise to the tune of 16% Year over Year and homes that are turn key are generating a great deal of excitement/ Multiple offers. It has also become crystal clear over the last 12 Months that overpricing a home in this market is the kiss of death for a Seller getting the most for their home & the best qualified Buyers.  It is clear that offer prices and terms are solely being made by Buyers based on the Days on Market and the interest that others have in the property.

Posted on July 26, 2017 at 12:39 pm
Bellevue Commons | Category: Market Stats, Windermere Bellevue Commons News

You’re invited to our Yappy Hour!

Yappy Hour with Drawings in Support of Seattle Humane

 

Wine, snacks, drawings and much more! Your furry friends are invited too! There’s not a better way to spend a Thursday afternoon than joining us for our Yappy Hour. We gather to support Seattle Humane – a great organization which cares about animals regardless of age, ability, circumstance or geography.

 

Enter to Win a Weekend Trip to Leavenworth!

You’ll have the opportunity to reserve your spot on Seattle Human’s Walk of Fame by purchasing a brick or paver with your personalized message! And if you reserve your spot, you have a chance to win a weekend trip to beautiful Leavenworth! Don’t miss this opportunity.

 

 

 

Posted on July 11, 2017 at 3:54 pm
Bellevue Commons | Category: Windermere Bellevue Commons News

REAL ESTATE OPEN HOUSE by Boys & Girls Clubs of Bellevue

The Boys & Girls Clubs of Bellevue is a GREAT Resource for Your Clients!

The Boys & Girls Clubs of Bellevue is committed to providing high quality programs for youth ages 2 – 18 at 12 sites located throughout Bellevue. This fall we’ll also have a new Club at Jing Mei Elementary.

The Club staff will be on hand to share information about their programs, locations and answer questions.

Mark your calendars for Monday! Great informational Real Estate Open House happening on Monday at the Main Club! Tell your friends.
Monday, June 19th
3pm – 4:30pm
Main Clubhouse 209 100th Avenue NE, Bellevue

For more information contact Michèle Heffron 425.777.9122 or mheffron@bgcbellevue.org 

 

Posted on June 16, 2017 at 4:20 pm
Bellevue Commons | Category: Windermere Bellevue Commons News