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Bellevue News What Happened in the Market Last Month? May 2018’s Median closed sales price saw a 14% increase from $754k to $856k. Last month brought some long-awaited, positive news for buyers with May posting the most new listings in over a decade. Despite the uptick in inventory, most homes are selling in less than a month. Prices haven’t been impacted either, with the […]
Market Stats King & Snohomish County Market Stats – April 2018 April 2018 active inventory rose 25% from March 31 2018 and 17% from April 2017. Historically listings taken and active listings at the end of the month grow from April through July. In addition the majority of the year’s appreciation occurs in the first six months. What does this mean: Buyers can be a little […]
Market Stats The Gardner Report – First Quarter 2018 Western Washington Real Estate Market Update     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 […]
Market Stats The Gardner Report – Fourth Quarter 2017 Western Washington Real Estate Market Update ECONOMIC OVERVIEW The Washington State economy added 104,600 new jobs over the past 12 months. This impressive growth rate of 3.1% is well above the national rate of 1.4%. Interestingly, the slowdown we saw through most of the second half of the year reversed in the fall, and we […]
Market Stats King & Snohomish County Market Stats – December 2017 Home prices nearly double in six years going from $407,000 in December 2011 to $810,000 in December 2017. The year is over and 2017 has shown to be one of the best years in recent memory for equity gain while creating more and more competition due to dwindling availability of homes.  Pricing has recently reached […]
Market Stats King & Snohomish County Market Stats – November 2017 What’s Happening in the Market – November 2017 While the market seems to relaxing for the moment, it appears that the supply is still holding steady below 1 months of inventory.  Days on market have been creeping up nominally while the prices seem to have leveled for the moment. This time of year is a […]
Market Stats What Can We Expect From The 2018 Housing Market? 2018 Housing Market Forecast Matthew Gardner, Chief Economist of Windermere Real Estate has recently published a forecast for 2018 housing market. Here are his expectations in 2018. “It’s the time of the year when I look deep into my crystal ball to see what’s on the horizon for the upcoming year. As we are all […]
Market Stats King & Snohomish County Market Stats – October 2017 What’s Happening in the Market “The Market continues to move fast, however, it is slower than it has been in the last six months. Months’ Supply of Inventory is 0.9, the same as this time last year, and is still historically low. The percentage of closed sales selling for above list price was 41% in […]
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Market Stats King & Snohomish County Market Stats – September 2017 King & Snohomish County Market Stats – September 2017
Market Stats Greater Seattle Area Real Estate Market – 3rd Quarter 2017 The Gardner Report – Third Quarter 2017   ECONOMIC OVERVIEW The Washington State economy added 79,600 new jobs over the past 12 months—an impressive growth rate of 2.4%, and well above the national growth rate of 1.2%. However, as we anticipated in last quarter’s report, we continue to see a modest slowdown in the growth […]
Market Stats 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 […]
Market Stats King & Snohomish County Market Stats – July 2017 Eastside (based on Residential Homes): Eastside (based on Condominium Homes):  
Market Stats The Gardner Report – 2nd Quarter 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 […]
Market Stats 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 […]
Market Stats King & Snohomish County Market Stats – May 2017 What’s Happening in the Market Eastside (based on Residential and Condominium report): Closed median price at an all-time high of $748,944, up 20% from a year ago   Price appreciation is being driven by low supply and high demand.  Eastside months’ supply of inventory is less than three weeks, the lowest ever!   748 active […]
Market Stats The Gardner Report – First Quarter 2017 The Gardner Report – First Quarter 2017 Economic Overview I’m happy to report that Washington State continues to add jobs at a steady rate. While the rate of growth is tapering, this is because many markets are getting close to “full employment”, during which time growth naturally slows. That said, I believe that the state will […]
Market Stats King & Snohomish County Market Stats – March 2017 What’s Happening in the Market Closed median price at an all-time high of $736,500, up 20% from a year ago.   Price appreciation is being driven by low supply and high demand.  Eastside month’s supply of inventory is less than three weeks (0.7 months), the lowest ever.   737 active listings as of 3/31/17.  Down […]
Market Stats Are You 1 of the 59 Million Planning to Buy a Home This Year? 59 Million Americans Are Planning to Buy This Year. According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017. The survey also revealed 3 […]
Market Stats King & Snohomish County Market Stats – February 2017 What’s Happening in the Market Home sales continue to be slightly above last year’s totals in the areas tracked in this report.  We are continuing to see double digit price increases spread out from the core of Bellevue and Seattle due to the somewhat exorbitant prices now demanded from the metro area Sellers. Low Inventory […]
Market Stats How Much Did Residential Home Prices Rise in 2016? King County Residential Home Price-Increase in 2016 King County Residential home prices increased an average of 12.7%. Here is the list of median home price-increase in different areas. Shoreline/Richmond Beach $439,725–> $503,393 Lake Forest Park $432,250–> $505,350 Ballard $587,000–> $655,000 North Seattle $575,000–> $679,950 Queen Anne/Magnolia $780,500–> $882,500 Central Seattle $689,999–> $774,995 SODO/Beacon Hill $420,000–> […]
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