Now More Than Ever, “We’re All in, for you”

Staying Connected Through COVID-19. All In, For You. In these times of social distancing, we are finding creative ways to stay connected. We have never been more “All in” for our clients and our communities.
Posted on April 3, 2020 at 9:08 am
Bellevue Commons | Category: Bellevue News, Bellevue Real Estate, Community Support, Home Buying, Home Selling, Windermere Bellevue Commons News | Tagged , , ,

The Costello Team is Making Masks for Health Care Workers

 

 

WBC agents, The Costello Team and little Costellos have been making masks for healthcare workers at Evergreen Health. They are being donated during the COVID-19 outbreak to protect, doctors, nursers and other essential staff at Evergreen Health. Thanks for your time and contributions, Costellos. Every little bit helps in fighting this coronavirus.

Posted on April 2, 2020 at 1:12 pm
Bellevue Commons | Category: Bellevue News, Bellevue Real Estate, Windermere Bellevue Commons News | Tagged , , ,

Local Market Update March 2020

The novel coronavirus (COVID-19) has not yet dampened demand in the housing market. Traffic at open houses remains heavy. Buyers who had waited last year for a drop in prices have now seen several months of home prices increases. With demand far outstripping supply and record low interest rates, the market heading into spring looks hotter than ever.

EASTSIDE

Buyers that may have been in wait-and-see mode at the end of 2019 jumped off the fence in February. Pending sales (offers accepted but not yet closed) jumped 27%, snapping up already-tight inventory. 55% of homes on the market sold in 15 days or less. The median home price jumped 9% over a year ago to $985,000, an increase of $58,000 from the prior month. Development on the Eastside continues to surge and includes the recent groundbreaking for a 600-foot tower in Bellevue and a proposed 11-acre mixed-use project.

 

VIEW FULL EASTSIDE REPORT

KING COUNTY

The tight housing market here got even tighter. There were 40% fewer homes on the market in King County in February than there were in January. The median home price rose 3% over the prior year to $675,000, up from $630,525 in January. With mortgage rates and the local unemployment rate both hitting record lows, demand isn’t likely to drop any time soon.

 

VIEW FULL KING COUNTY REPORT

SEATTLE

With just six weeks of available inventory, competition for homes in Seattle remains fierce. Multiple offers were the norm, and 34% of homes purchased in February sold for over the listing price. The median price for a single-family home in February was $730,500, unchanged from a year ago and up from $719,950 in January.

 

VIEW FULL SEATTLE REPORT

SNOHOMISH COUNTY

The numbers in Snohomish County tell the story. There were 42% fewer listings in February than a year ago, and 42% more pending sales. With inventory at under a month of supply, there just aren’t enough homes to meet demand. That scarcity translated into higher prices, with the median price of a single-family home rising 8% over a year ago to $515,000.

 

VIEW FULL SNOHOMISH COUNTY REPORT


This post originally appeared on GetTheWReport.com

Posted on March 13, 2020 at 1:30 pm
Bellevue Commons | Category: Bellevue News, Bellevue Real Estate, Kirkland Real Estate, Market Stats, Windermere Bellevue Commons News | Tagged