Page not found – Windermere Bellevue Commons – Home to top real estate brokers https://windermere-bellevue.com Real Estate in Bellevue | Kirkland | Redmond | Seattle | Renton Wed, 20 Mar 2024 16:42:14 +0000 en-US hourly 1 Celebrating Women in Real Estate https://windermere-bellevue.com/2024/03/20/celebrating-women-in-real-estate https://windermere-bellevue.com/2024/03/20/celebrating-women-in-real-estate#respond Wed, 20 Mar 2024 16:42:14 +0000 https://windermere-bellevue.com/?p=8447 Happy Women’s History Month! Did you know that women make up 62% of the National Association of Realtors? Since the first woman was admitted to the NAR in 1910, the number of women practicing real estate has continued to grow, leading to a rise in female-led real estate start-ups and an increase in female leadership. […]

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Happy Women’s History Month! Did you know that women make up 62% of the National Association of Realtors? Since the first woman was admitted to the NAR in 1910, the number of women practicing real estate has continued to grow, leading to a rise in female-led real estate start-ups and an increase in female leadership. There is still a long way to go in the name of gender equality in real estate, but today we celebrate the amazing strides women have made in this industry by sharing the wisdom of those we are lucky to have as part of the WBC team!

 

Tammie Lowery on Mentorship

Getting involved & raising your hand pays off in so many ways.  Find a mentor – Be a mentor. Ask for help and share your knowledge and experience with others.   I had the privilege of having several take me under their wing as I started out.  From day one 25 years ago I have received encouragement, training, mentoring, partnership opportunities, extensions of Real Estate including being a trainer and mentor in the office.  All these experiences benefited me in addition to others.

I was concerned about stepping into the ‘sales’ industry thinking it could be a cutthroat atmosphere and found it to be just the opposite.  I have never experienced competition, only collaboration and community in this office. I am grateful to be a part of Bellevue Commons. I want to commend and thank the team at WBC for all they do to support us.

Learn more about Tammie here!

 

 

Nicole Mangina on Connection

Being a woman in real estate is a powerful thing. The ability to learn, grow, impact the lives of others and create an amazing life for my family is something I will forever be grateful for. The connections I’ve made both with clients, but also with the friendships I’ve formed with other agents have shaped my life in so many positive ways.

Real estate tends to be something you end up in. It’s rarely the initial goal, and yet once you get here – you realize it’s the absolute best and you wouldn’t trade it for the world.

Learn more about Nicole here!

 

 

 

 

Marla Groves on Finding Your Path

I think it is amazing being a woman in real estate. Coming from the male-dominated world of institutional finance, real estate is a place where women have an equal voice and often lead the field.  Real Estate; it is a great way to combine my financial/investment background, love of service, love of design and creating home into a rewarding career. What could be better than that? The helpful and collaborative spirit at WBC is the icing on the cake.

Learn more about Marla here!

 

 

 

 

 

 

Erin Hoppe on Caring For Yourself & Others

I’ve been extremely lucky to have connected with some amazing mentors over the years, so find a mentor you can trust and respect! The words of wisdom I live by are…

* Start with gratitude in every area of life.
* Have a servant’s heart.
* Have boundaries with yourself & other people.
* Control what you can control, let the rest go.
* You aren’t everyone’s cup of tea and that’s ok!
* You deserve everything that you want. And you can have what you want, its on the other side of fear so go through it.

Learn more about Erin here!

 

 

 

Lynn Eng-Lei on Balance

To be a woman in the real estate industry gives me so much flexibility with my schedule. When I had my two kids, I could make my own working schedule and it has been such an amazing career. Although it can be stressful, at the same time, it is so much fun and rewarding. For those new to the industry, my advice is to hire a very good mentor, have some savings & maybe a part-time job in case your first paycheck takes a little longer.

Learn more about Lynn here!

 

 

 

 

 

Linda Peffer on Finding Success

“Success is liking yourself, liking what you do, and liking how  you do it.” – Maya Angelou

I love this quote regarding success; it is a good daily check-in with yourself to make sure you are on the right path. When it comes to your clients, my words of advice are that regardless of whether someone is buying a $10 million home or an $80,000 home, their needs and emotions are the same – so treat them the same. Give them the same consistent level of service, counsel, and care.

Learn more about Linda here!

 

 

 

 

Happy Women’s History Month from Windermere Bellevue Commons!

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Real Estate Market Update – February 2024 https://windermere-bellevue.com/2024/03/12/real-estate-market-update-february-2024 https://windermere-bellevue.com/2024/03/12/real-estate-market-update-february-2024#respond Tue, 12 Mar 2024 22:44:56 +0000 https://windermere-bellevue.com/2024/03/12/real-estate-market-update-july-2023-copy WBC Designated Broker, Cortney Adams, offers a quick break-down of recent market stats for February 2024. Keep reading to learn more!   The market it is heating up as we head into the Spring!  This is typical as we have seen more properties becoming available and a few more options for would be buyers.  The […]

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WBC Designated Broker, Cortney Adams, offers a quick break-down of recent market stats for February 2024. Keep reading to learn more!

 

  • The market it is heating up as we head into the Spring!  This is typical as we have seen more properties becoming available and a few more options for would be buyers.  The downside for these buyers is there still is not enough available homes to keep up with the demand.
  • Multiple offers are becoming the norm again and prices continue to rise in Multiple offers. This is normal for the Spring as property values generally see 90% every year’s equity gained occurring from March-July.
  • Interest rates appear to be moving back into the 6’s% with the expectation of falling even more over the next 3-6 months.  Sellers are definitely in the driver’s seat once again as Buyers are going to need to put their best foot forward if they are going to get their offers accepted. 

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Local Market Update – March 2024 https://windermere-bellevue.com/2024/03/12/local-market-update-march-2024 https://windermere-bellevue.com/2024/03/12/local-market-update-march-2024#respond Tue, 12 Mar 2024 18:34:32 +0000 https://windermere-bellevue.com/2024/03/12/local-market-update-february-2024-copy Seasonal changes are starting to take shape across the region and the local real estate market is experiencing cautious optimism. As we transition from winter to spring, home and condo sales are increasing, in both units and price. Low inventory means motivated sellers are finding success in about a week’s time, while buyers thread the […]

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Seasonal changes are starting to take shape across the region and the local real estate market is experiencing cautious optimism. As we transition from winter to spring, home and condo sales are increasing, in both units and price. Low inventory means motivated sellers are finding success in about a week’s time, while buyers thread the needle between needing to present enticing offers and having to adjust their price ceilings due to recent mortgage rate increases.

Last month was the second month in a row that King County home and condo prices rose. February’s median residential sold price increased to $914,500, up 14% from a year prior, while the number of homes selling over list price rose by 16 percent. These homes averaged just under a week on the market, likely due to the continued low inventory of available properties. King County condo prices jumped 17% year over year, from $468,500 in February 2023 to $550,000 last month.

In Seattle, the median sold price for a single-family home increased 12% year over year, from $825,000 in February 2023 to $927,450 last month. The market pace picked up in February, with 41% of homes selling above list price and in just over a week. Inventory still sits around one month’s supply, benefiting sellers who are ready to list. Seattle condo prices also are on the rise, with an 8% year-over-year jump to $558,000, up from $515,000 in February 2023. Condo inventory in the city was up 16% between February 2023 and 2024, from 1.7 to 2.0 months of supply.

The median sold price for a single-family home on the Eastside experienced a 10% jump year over year, from $1,340,000 in February 2023 to $1,470,000 last month. In that time, supply (as measured in months of inventory) dropped from 1.1 to 0.8, spurring competition among buyers – 42% of homes sold above list price and in an average of 5 days. Eastside condo prices leapt by 23%, from $540,000 in February 2023 to $665,000 last month.

The median sold price of a Snohomish County home rose again last month, to $750,990 in February, up 9% from a year prior. Inventory remained the lowest of any area reported here, at just 0.6 months of supply. Homes are moving quickly, with 35% selling above the asking price and in an average of six days. Snohomish County condo prices jumped by 14% last month compared to February 2024, up from $437,725 to $500,000.

Homes are selling faster and with more offers, benefiting sellers ready to enter the market while spurring competition among buyers. Despite a quarter-percent interest rate increase over the past month, prospective buyers have strong motivation to get under contract in the face of rising prices. And on-the-fence sellers – of both condos and single-family homes – also have price motivation to engage with this market.

When faced with a rapidly moving market, it’s vital to have a knowledgeable expert by your side. Your Windermere broker is ready to provide invaluable insight regarding the evolving dynamics of your local market and can guide you to make the right move at the right time to achieve your real estate goals.


EASTSIDE

VIEW FULL EASTSIDE REPORT


KING COUNTY

VIEW FULL KING COUNTY REPORT


SEATTLE

VIEW FULL SEATTLE REPORT


SNOHOMISH COUNTY

VIEW FULL SNOHOMISH COUNTY REPORT


This post originally appeared on GetTheWReport.com.

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Binge-Worthy Books vs. Mini-Series https://windermere-bellevue.com/2024/02/20/wbc-book-club-binge-worthy-books https://windermere-bellevue.com/2024/02/20/wbc-book-club-binge-worthy-books#respond Tue, 20 Feb 2024 19:14:51 +0000 https://windermere-bellevue.com/2024/02/20/wbc-book-club-wonderful-winter-reads-copy Welcome to the WBC Book Club, where your favorite Admins & Agents share our favorite books of the moment! From fictional adventures to inspiring true stories, you can find it all right here on the WBC blog. You may notice that the format of our book recs look a little different than most, but that’s […]

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Welcome to the WBC Book Club, where your favorite Admins & Agents share our favorite books of the moment! From fictional adventures to inspiring true stories, you can find it all right here on the WBC blog. You may notice that the format of our book recs look a little different than most, but that’s because our team loves to stand out and provide an unparalleled experience in all aspects of our business.

When our favorite books get picked up for a movie or TV series, we have a chance to see characters come to life and watch their stories unfold on the screen. Check out this month’s Literary Listings, a collection of stories that have recently been adapted into binge-worthy mini-series!

 

Lessons in Chemistry by Bonnie Garmus

 

Marketing Remarks:

Lovely starter home that is as bright and sunny as the Southern California weather! A scientist’s dream home, this two-bedroom charmer features a completely remodeled kitchen with top-of-the-line Bunsen burners and plenty of beaker storage. Located in the Sugar Hill neighborhood, it is convenient to both the Hastings Research Institute and the riverfront for those interested in the deceptively challenging sport of rowing. Come make Commons, CA home!

Agent Remarks: Mix together a dash of romance, a good helping of mother-daughter bonding and a healthy appetite for knowledge and you have Lessons in Chemistry. A brilliant yet unrecognized chemist, Elizabeth Zott is struggling against the patriarchal standards of America in the 1950s and 60s not just in her work as a scientist, but also in her role as an unwed mother after the death of her partner and colleague, Calvin. The hurdles Elizabeth faces are not so different from the standards that women continue to fight against to this day, making Lessons in Chemistry not just a well-written book of fiction to easily enjoy, but a moving commentary on society, feminism and the power of knowledge that will stand the test of time.

Directions: Read the full synopsis here! You can catch the mini-series on Apple TV+.

 

 

 

Daisy Jones & The Six by Taylor Jenkins- Reid

 

Marketing Remarks: Own a piece of rock and roll history! Situated in the hills of Topanga Canyon, this mid-century bungalow is where legendary band, The Six, wrote their debut album before rising to international fame in the 1970s. With three bedrooms plus loft and a converted garage/flex space, this home is perfect for hosting raucous house parties. For those looking to chill out, relax while taking in panoramic views of the canyon and breathe in the scent of fresh rosemary wafting on the Santa Ana winds. This bohemian retreat is worthy of a ballad.

Agents Remarks: Following the rise and fall of a fictional band in the 1970s, Daisy Jones & The Six transports readers smack dab into the infamous Laurel Canyon music scene. With its raw, unfiltered character accounts, DJ&TS delves into the emotional, physical, and mental tolls found on the path to fame inspired by the turbulent relationships and whirlwind success of Fleetwood Mac. Taylor Jenkins-Reid encapsulates a unique period in music history and the timeless struggle of people just trying to make sense of the world around them.

Directions: Read the full synopsis here! You can catch the mini-series on Amazon Prime.

 

 

All the Light We Cannot See by Anothony Doerr

 

Marketing Remarks: Escape to the seaside village of Saint-Malo. Just blocks from the city wall, this six-level townhome offers plenty of rooms to entertain guests and long-lost relatives on the run. Described by locals as a “bird’s nest of a house”, you can experience an eagle-eye view from the top floor, which can be converted into additional sleeping area, office or radio broadcast center. Conveniently located near local amenities, from boulangeries to the beach – your next chapter begins in Saint-Malo!

Agent Remarks: Set in France near the end of World War 2, All the Light We Cannot See is a riveting tale told from the perspectives of two people who find themselves on opposing sides of a global conflict. Marie-Laure is a French woman who lost her sight at a young age, raised by a single father in Paris before fleeing the Nazi occupation. Werner, a German orphan, is forced into service for the Nazi regime due to his unparalleled skill with radios. As war rages around them, Werner finds comfort in the broadcasts voiced by a mysterious woman as Marie-Laure desperately puts out hidden signals via radio to find her missing father. This story is beautifully crafted and poignant in its representation of two people caught in a battle beyond their control.

Directions: Read the full synopsis here! You can catch the mini-series on Netflix.

 

 

What should we read next? We are always on the lookout for new book recommendations and would love to hear from you – tag us on social media with your favorite stories!

Instagram @windermerebellevuecommons
Twitter @WindermereBelle
Facebook @Bellevue Commons (Windermere) 

 

 

Written by Makena Schoene

 


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Local Market Update – February 2024 https://windermere-bellevue.com/2024/02/13/local-market-update-february-2024 https://windermere-bellevue.com/2024/02/13/local-market-update-february-2024#respond Tue, 13 Feb 2024 16:46:32 +0000 https://windermere-bellevue.com/2024/02/13/local-market-update-january-2024-copy Like some plants and trees, the local real estate market is starting to bloom. Last month, median residential sold prices increased in each of the four geographic areas covered below. That’s welcome news for intending home sellers, who are also benefitting from continued low inventory region-wide. At the same time, local buyers are seeing stabilizing […]

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Like some plants and trees, the local real estate market is starting to bloom. Last month, median residential sold prices increased in each of the four geographic areas covered below. That’s welcome news for intending home sellers, who are also benefitting from continued low inventory region-wide. At the same time, local buyers are seeing stabilizing interest rates (currently in the mid-6-percent range) while confronting hefty competition for available properties. With residential supply shrinking last month, compelling offers continue to be the key to buyers securing a home.

In King County last month, single-family home prices rose by 9% year over year, to $849,850. Condo prices gained momentum as well, rising to $495,000 last month, up 10% from $450,000 a year ago. With limited new listings coming on the market in January, the inventory of available King County single-family homes dropped to 1.0 months of supply, down from 1.3 months at the end of December 2023.

Seattle also saw an increase in home prices last month, with an 8% year-over-year jump to $869,000, up from $803,750 in January 2023. The supply of homes in Seattle dropped from 1.7 months to 1.0 months, spurring buyer competition. Seattle condo prices also rose year over year, from $487,500 in January 2023 to $537,500 last month, while supply dipped to 2.1 months of inventory, having started the year at 2.5 months.

On the Eastside, the median sold price for a single-family home was $1,465,000 in January, up 11% from $1,320,000 the year prior. The supply of Eastside homes dropped from 1.2 months of inventory at the beginning of January to just 0.9 months by February 1, and more than half of the area’s available homes sold in under 30 days. Condo prices also rose last month, though at a slower rate. The median sold price for an Eastside condo increased 5% to $570,000, up from $543,000 in January 2023.

Snohomish County home prices rebounded last month, perhaps feeling the effects of a continued drop in inventory. The median residential sold price increased by 4% year over year, up from $699,000 in January 2023 to $729,990 last month. By the end of January, the supply of Snohomish County single-family homes stood at just 0.6 months of inventory. Perhaps reflecting these supply constraints, the median sold price for a Snohomish County condo jumped by 13% last month compared to January 2023.

While real estate market activity has remained slow in accordance with seasonal buying patterns and low inventory, residential prices have been on the rise. The regional condo market, despite its comparatively greater supply (as measured in months of inventory), has seen its share of recent price gains as well.

In the face of a rapidly evolving market, it’s more important than ever to connect with your Windermere broker. They can provide insight into the changing dynamics of regional submarkets, offer nuanced expertise and move quickly when the time is right for you to attain your real estate goals.


EASTSIDE

VIEW FULL EASTSIDE REPORT


KING COUNTY

VIEW FULL KING COUNTY REPORT


SEATTLE

VIEW FULL SEATTLE REPORT


SNOHOMISH COUNTY

VIEW FULL SNOHOMISH COUNTY REPORT


This post originally appeared on GetTheWReport.com.

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Agency Update – Buyer Brokerage Service Agreements https://windermere-bellevue.com/2024/02/01/agency-update-buyer-brokerage-service-agreements https://windermere-bellevue.com/2024/02/01/agency-update-buyer-brokerage-service-agreements#respond Thu, 01 Feb 2024 20:32:21 +0000 https://windermere-bellevue.com/?p=8357 Effective January 1, 2024, the statute in Washington that governs real estate brokerage relationships (RCW 18.86) – otherwise known as the “Agency Law” – was significantly revised. The revisions modernize the 25-year-old law, provide additional transparency and consumer protections, and acknowledge the importance of buyer representation. Key Revisions   For years, real estate brokerage firms […]

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Effective January 1, 2024, the statute in Washington that governs real estate brokerage relationships (RCW 18.86) – otherwise known as the “Agency Law” – was significantly revised. The revisions modernize the 25-year-old law, provide additional transparency and consumer protections, and acknowledge the importance of buyer representation.


Key Revisions

 

For years, real estate brokerage firms were only required to enter into written agreements with sellers, not buyers. The Agency Law now requires firms to enter into a written “brokerage services agreement” with any party the firm represents, both sellers and buyers. This change is to ensure that buyers (in addition to sellers) clearly understand the terms of the firm’s representation and compensation. The services agreement with buyers must include:

 

❱ The term of the agreement (with a default term of 60 days and an option for a longer term);

❱ The name of the broker appointed to be the buyer’s agent;

❱ Whether the agency relationship is exclusive or non-exclusive;

❱ Whether the buyer consents to the individual broker representing both the buyer and the seller in the same transaction (referred to as “limited dual agency”);

❱ Whether the buyer consents to the broker’s designated broker/ managing broker’s limited dual agency;

❱ The amount the firm will be compensated and who will pay the compensation; and

❱ Any other agreements between the parties.

 

Additional Information

In addition to the revisions above, there are several other amendments to the agency law regarding buyer clients that brokers must be aware of & adhere to – below are further materials that should be reviewed and may be provided to clients if they so choose.

 

Revised NWMLS Pamphlet

The NWMLS has provided a pamphlet entitled “Real Estate Brokerage in Washington” that provides an overview of the revised Agency Law. This document has replaced the previous “Law of Real Estate” flyer.

Click here to access a digital copy, or scan the QR code to the right.

 

Revised Agency Law

The Substitute Senate Bill 5191 sets forth the revised Agency Law in its entirety.

Click here to access a digital copy, or scan the QR code to the right.

 

Client Marketing

To make these revisions digestible and easily accessible, Windermere has put together a marketing sheet for homebuyers with all of the information above in an attractive, comprehensive flyer.

 

It is vitally important that buyer clients understand their rights & the requirements of their brokers to help create a transparent & communicative transaction – this flyer makes transmitting that information much simpler.

 

To access a downloadable copy of this flyer, please click here or on the image above.


With the arrival of the new year has come some significant changes (for the better) that will protect brokers & their clients from miscommunication and foster an environment that enables clear communication.

 

As with anything, if you as a homeowner have any questions, don’t hesitate to consult with your Windermere agent. If you don’t already have an agent, please reach out to Windermere Bellevue Commons and we’d be thrilled to introduce you to some of the most knowledgeable brokers in the industry.

 

Written by Jessica Adams

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Local Market Update – January 2024 https://windermere-bellevue.com/2024/01/12/local-market-update-january-2024 https://windermere-bellevue.com/2024/01/12/local-market-update-january-2024#respond Fri, 12 Jan 2024 23:28:18 +0000 https://windermere-bellevue.com/2024/01/12/local-market-update-december-2023-copy Despite moments of snow in Western Washington, the local real estate market is slowly warming, as new opportunities arise for both home buyers and sellers. Lower mortgage rates are welcome news for buyers, and low inventory means sellers are starting the year with minimal competition. King County continues to see residential price gains, with last […]

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Despite moments of snow in Western Washington, the local real estate market is slowly warming, as new opportunities arise for both home buyers and sellers. Lower mortgage rates are welcome news for buyers, and low inventory means sellers are starting the year with minimal competition.

King County continues to see residential price gains, with last month’s median sold price of $849,950 up from $825,000 a year ago. Condo prices also rose, up 15% from $465,000 in December 2022 to $537,000 last month. King County is also experiencing a reduced supply of available single-family homes. At the end of last month, inventory stood at 1.3 months, down from 1.6 months at the end of November and 2.0 months a year prior.

In a slightly different dynamic, Seattle experienced a decrease in both inventory and home prices last month. The median residential sold price was down from $879,975 in December 2022 to $850,000 last month. And December ended with 1.7 months of inventory, down from 1.9 months the previous month. While 16% of homes sold above list price in December, that was significantly lower than November, when 29% sold above asking. Seattle condo prices rose year-over-year, from $512,500 in December 2022 to $585,000 last month, with supply dropping 22 percent.

Following a modest decline in November, the Eastside rallied with an 11% bump in the median residential sold price, up from $1,400,000 last year to $1,440,000 last month. Further proof of a warming Eastside market: residential inventory is less than half of what it was last year, down from 2.5 months at the end of 2022 to just 1.2 months at the end of 2023. Mirroring the residential market, Eastside condominiums experienced a healthy 12% price increase last month, up from a median of $565,000 a year ago to $630,000.

Snohomish County was an interesting tangle of contradicting sales data. Median residential sold prices saw a slight year-over-year decrease last month, down from $700,000 to $684,995. This price decrease occurred despite a dramatic drop in inventory. The supply of Snohomish County single-family homes stood at just 0.8 months at the end of December, down from 1.8 months the year prior. Of the four areas reported in this market update, Snohomish County saw the lowest percentage of sold homes that had experienced a price reduction, at 41%, perhaps a reflection of the drastically reduced supply. Another possible outcome of the limited supply of single-family homes: the median sold price for Snohomish County condos jumped 11% year over year, from $469,950 in December 2022 to $523,500 last month.

As we move further into the new year, buyers remain hopeful that interest rates will continue to drop. The inventory of homes on the market has declined from a year ago in most markets, prompting price gains during what’s normally a slower time of year. Overall, the regional condo market has seen sustained activity, with unit sales experiencing only a modest decrease in the face of lower inventory and higher prices.

With regional submarkets exhibiting varying dynamics, it’s more important than ever for buyers and sellers to have a knowledgeable expert at their side. So connect with your Windermere broker to co-create a strategy that’s best for your buying or selling journey.


EASTSIDE

VIEW FULL EASTSIDE REPORT


KING COUNTY

VIEW FULL KING COUNTY REPORT


SEATTLE

VIEW FULL SEATTLE REPORT


SNOHOMISH COUNTY

VIEW FULL SNOHOMISH COUNTY REPORT


This post originally appeared on GetTheWReport.com.

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Keep Up With Your Resolutions at Home! https://windermere-bellevue.com/2023/12/28/keep-up-with-your-resolutions https://windermere-bellevue.com/2023/12/28/keep-up-with-your-resolutions#respond Thu, 28 Dec 2023 21:54:44 +0000 https://windermere-bellevue.com/2023/12/28/holiday-hosting-guide-copy New Years Resolutions are notoriously hard to keep, but not impossible! While we can’t help you get to the gym every day or cut back your screen time, we can help you find ways to tackle that to-do list you’ve been avoiding around your home.   Resolution #1 – Create a Clean Routine Kick off […]

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New Years Resolutions are notoriously hard to keep, but not impossible! While we can’t help you get to the gym every day or cut back your screen time, we can help you find ways to tackle that to-do list you’ve been avoiding around your home.

 

Resolution #1 – Create a Clean Routine

Kick off 2024 with a clean start! Creating a routine that fits your schedule will go a long way in helping you stick to your resolutions, even for cleaning your house! For some, this looks like choosing a day each week to get all the cleaning done at once. For others, breaking up the tasks over the course of a few days helps them stay on top of the clutter.

Starting off with a deep clean right after the holidays is also a great way to give yourself a mental reset as we settle into a new year. Tackle those spots that you have been avoiding for so long and give them the attention they deserve, like stove hoods and baseboards. While you’re at it, help improve the air quality in your home by dusting hard to reach places and replacing furnace filters to keep you breathing easy all winter long.

 

 

Resolution #2 – Save Energy

Trying to keep the house warm and cozy all winter can get expensive, but there are a few simple hacks that can help save you money on your energy bill in 2024.

  • Cover small gaps in windows and doors with weather stripping or caulk.
  • Convert to LED lightbulbs (they use approx. 85% less energy than traditional bulbs!)
  • Beware of phantom power – unplug chargers, small appliances like toasters and power strips when not in use.
  • Do less laundry loads and wash in cold water when you can.
  • Close the damper on the fireplace to keep the heat in, just don’t forget to open it next time you cozy up by the fire!

Resolution #3 – Try DIY

If you’ve got “Try something new” on your list of New Year’s resolutions, you can start right now in the comfort of your own home. DIY projects are a great way to breathe new life into pieces you already own, take care of pesky repairs, and invigorate rooms with a fresh look. When the weather outside gets frightful, working on a new project is a great way to pass the weekend and update your space without breaking the bank.

Here are a few ideas that you can accomplish easily over the course of a weekend.

  • Recaulk your bathtub
  • Organize your closet
  • Paint or wallpaper a room
  • Update kitchen hardware

 

 

There is no universal hack for keeping to your New Year’s resolutions, but by starting small and sticking to a plan, you can set yourself up for success in 2024 at home and in life. What are your goals for the new year? We would love to hear them! Share your resolutions by tagging us on social media.

Instagram @windermerebellevuecommons
Twitter @WindermereBelle
Facebook @Bellevue Commons (Windermere) 

 

Written by Makena Schoene

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Local Market Update – December 2023 https://windermere-bellevue.com/2023/12/12/local-market-update-december-2023 https://windermere-bellevue.com/2023/12/12/local-market-update-december-2023#respond Tue, 12 Dec 2023 16:52:54 +0000 https://windermere-bellevue.com/2023/12/12/local-market-update-november-2023-copy As we march steadily into the cooler winter months, the expected seasonal slowdown is upon us. Interest rate increases have continued to influence a quieter-than-usual fall market. Higher mortgage rates reduce buying power, as well as the momentum of move-up buyers and sellers. Fewer sellers mean lower inventory and a reduction in closed sales. Indeed, the […]

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As we march steadily into the cooler winter months, the expected seasonal slowdown is upon us. Interest rate increases have continued to influence a quieter-than-usual fall market. Higher mortgage rates reduce buying power, as well as the momentum of move-up buyers and sellers.

Fewer sellers mean lower inventory and a reduction in closed sales. Indeed, the supply of listed homes in our region has continued to decline. As compared to the same month last year, October experienced a 30% decrease in active King County property listings. If trends hold true to the past three years, the start of winter will bring rising home prices locally.

It is expected that median sold prices will rise between December and April, unless rates increase significantly. In King County, the median price for single-family homes dropped 2% from $903,000 in October 2022 to $882,997 last month. This was a slight bump up from September, and a 14% increase year-over-year.

Just like December temperature variations, our local real estate market continues to feel up and down. Interest rates, regional economic conditions and seasonal market shifts have meant rising home prices in some areas and drops in others. While the expected winter slowdown means overall lower inventory, buyers are still willing to compete for plum properties in a diminishing pool of available listings.

A slight decrease in interest rates has raised cautious optimism in our region. Interest rates fell to around 7.2% as of December 1, compared to 7.8% in October. A continued trend in this direction could signal some welcome positivity in the market as we move into the new year.

In King County, the expected decline in winter inventory is pushing up year-end home prices. The region saw a 7% year-over-year increase in the median residential sold price, from $827,000 in November 2022 to $885,500 last month. Buyers are still showing up: there’s steady demand and potential competition for each available home that’s in good condition and well-priced. King County condos also saw a year-over-year price increase, with the median sold price up 4% in November to $485,000.

Seattle saw a 5% increase in the median sold price of a single-family home, up from October’s $900,000 to $944,000 last month. The market kept some momentum in November, with 48% of Seattle homes selling at or above asking price and 79% going under contract in 30 days or less. Condo prices saw a 21% year-over-year jump, from $480,500 in November 2022 to $582,750 last month. This price growth flew in the face of significant supply, at 3.4 months of inventory.

The Eastside median residential sold price experienced a modest decline in November, down 1% from October’s $1,420,000 to $1,400,000 last month. However, the November price was still up 6% from November 2022, while 75% of sold listings went under contract in 30 days or less. Residential inventory remained fairly flat on the Eastside, increasing slightly from 1.5 months in October to 1.6 months in November. Eastside condo prices increased last month, with a median sold price of $620,000, up from $569,500 in November 2022.

Snohomish County saw a year-over-year bump in prices last month. The median sold price for a single-family home rose from $700,000 last November to $725,000 this November. Supply stood at just 1.3 months at the end of the month, down 32% from this time last year. Condo prices also rose, from $507,500 in November 2022 to $521,209 last month.

As winter unfolds, it’s crucial for buyers and sellers to work with a knowledgeable broker to navigate this churning real estate market. Together you can create a strategy that best supports your real estate goals for the new year.


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KING COUNTY

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SEATTLE

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SNOHOMISH COUNTY

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This post originally appeared on GetTheWReport.com.

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Wonderful Winter Reads https://windermere-bellevue.com/2023/12/06/wbc-book-club-wonderful-winter-reads https://windermere-bellevue.com/2023/12/06/wbc-book-club-wonderful-winter-reads#respond Wed, 06 Dec 2023 19:52:23 +0000 https://windermere-bellevue.com/2023/12/06/wbc-book-club-books-on-books-copy Welcome to the WBC Book Club, where your favorite Admins & Agents share our favorite books of the moment! From fictional adventures to inspiring true stories, you can find it all right here on the WBC blog. You may notice that the format of our book recs look a little different than most, but that’s […]

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Welcome to the WBC Book Club, where your favorite Admins & Agents share our favorite books of the moment! From fictional adventures to inspiring true stories, you can find it all right here on the WBC blog. You may notice that the format of our book recs look a little different than most, but that’s because our team loves to stand out and provide an unparalleled experience in all aspects of our business.

‘Tis the season for curling up in front of the fire with a good book! This month’s round up of Literary Listings will transport you to winter wonderlands where not everything is always merry & bright, but full of possibility when we have the right people by our sides. Find peace and joy with these great books and happy holidays!

 

Little Women by Louisa May Alcott

 

Marketing Remarks: It’s Christmas in Concord! Embrace the yuletide spirit from the cozy ambiance of Orchard House. This sprawling property located a short carriage ride away from downtown Concord has everything you need to create a fairy tale Christmas. Convert the traditional parlor into a flex space for wrapping and hiding presents, walk the short distance to Walden Pond for ice skating & winter fun before warming up by the antique wood-burning stove for mulled cider.

Agent Remarks:

A WBC Team Member Favorite! – “I love rereading Little Women during the winter months; it’s a heartwarming story about family and sisterhood that brings the spirit of the season to life. Through her powerful storytelling, Louisa May Alcott reminds generations of readers the importance of finding beauty and joy in the simple things, but most of all, the importance of surrounding ourselves with those we love. Nothing feels cozier than snuggling up with this book in front of the fire at Christmastime.” – Makena Schoene

Directions: Read the full synopsis here!

 

 

 

Seven Days of Us by Francesca Hornak

 

Marketing Remarks: It’s a winter wonderland at Weyfield Hall. This country estate is the perfect place to hunker down for the season, complete with antique furnishings dating back two centuries! The main house sits far enough from the main road to ensure optimum privacy and social distancing, while numerous guest suites provide plenty of space for housing long-lost family members and disgruntled fiancées for the holidays. Escape to Essex today!

Agents Remarks: Seven Days of Us is not your typical holiday story. Set against the backdrop of a global pandemic (no, not Covid!), a family must quarantine for the Christmas holiday at their estate in the English countryside. When the dysfunctional Birch family is forced to spend a full week in forced proximity, old battles resurface as new dramas enfold, including but not limited to, secret affairs, hidden diagnoses and surprise children. Francesca Hornak crafts a Christmas tale where not everything ends up tied perfectly in a bow – her characters are flawed, even unlikable, and yet their struggles and attempts at reconciliation are relatable, making this a refreshing addition to the holiday season reading list.

                                                                         Directions: Read the full synopsis here!

 

 

The Little Book of Hygge by Meik Wiking

 

Marketing Remarks: Welcome to your home; a cozy retreat to relax and reflect. Where friends and family gather, with a kitchen perfect for cooking up yummy meals that warm your heart as well as your stomach. Where years and growth spurts are recorded on tall doorways, the dining areas where stories are told and memories are made. Where backyards are meant for cartwheeling, barbequing and stargazing. Welcome to your home, where its always a good idea to snuggle up in front of the fireplace for a quiet night in. Home really is where the heart is.

Agent Remarks: Made famous by the happiest country in the world, Hygge (pronounced hoo-ga) is loosely defined as a “quality of coziness”, a way of living that seems to have been perfected by the Danes and other Scandinavian countries. The Little Book of Hygge is the perfect guide for creating a warm and cozy atmosphere in your everyday life, especially during the cold, dark days of winter. From crafting delicious, hearty meals to finding peaceful moments amidst the hustle and bustle of work or school, Meik Wiking shows us that hygge can be found everywhere, anytime.

Directions: Read the full synopsis here!

 

 

What should we read next? We are always on the lookout for new book recommendations and would love to hear from you – tag us on social media with your favorite stories!

Instagram @windermerebellevuecommons
Twitter @WindermereBelle
Facebook @Bellevue Commons (Windermere) 

 

 

Written by Makena Schoene

 


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