Local Market Update – March 2018

The local real estate market set new home price records in many parts of the region in February. Prices here have grown faster than anywhere else in the country for the last 16 months in a row. Demand remains high and inventory very low. Brokers are hoping the normal seasonal increase in listings this spring will help give buyers some relief.

Eastside

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With home prices soaring on the Eastside, it’s not a matter of whether the median price will exceed a million dollar, but when. February brought the market very close to that milestone. The median price of a single-family home increased 14 percent to a record $950,000 on the Eastside, surpassing the previous peak recorded in December.

King County

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The red-hot job market in King County continues to outpace nearly every area in the nation. Well-paid workers looking to buy close to city centers have fueled a growing competition for a shrinking number of homes. That demand boosted the median price of a single-family home up 16 percent over a year ago to $649,950.

Seattle

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The median price of a single-family home in Seattle hit a new high of $777,000 in February, $20,000 more than the previous record set in January and up 14 percent from the same time last year. Despite the sharp increase in prices, multiple offers have become the norm for most properties. It remains to be seen if recent interest rate hikes will have a moderating effect on home values.

Snohomish County

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After several months of moderating growth, Snohomish County set a new record for home prices in February. The median price of a single-family homes jumped 18 percent to an all-time high of $485,000. Inventory is down from a year ago, with less than a month’s supply of homes available for sale.

If you are considering buying a home in today’s market, here are three things to consider:

  1. Make sure you can afford the payments.
  2. Choose a location that will appeal to you long-term.
  3. Be committed to living there for a minimum of five to seven years.

This post originally appeared on the WindermereEastside.com blog.

Posted on March 13, 2018 at 8:02 pm
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Windermere’s Winter Drive Collects over 3,000 Items for Homeless Youth

We've Got You Covered Redmond 2017

As part of Windermere’s #tacklehomelessness campaign with the Seattle Seahawks, 37 Windermere offices* in King and Snohomish Counties collected new hats, scarves, gloves/mittens, and warm socks for Windermere’s “We’ve Got You Covered” winter drive. The recipient of these donations was YouthCare, a Seattle-based non-profit that provides critical services and support to homeless youth throughout the Puget Sound area.

Over 3,000 items were collected during the four-week drive, which included some 737 pairs of socks, 391 hats, 467 pairs of gloves/mittens, 111 scarves, and an assortment of other accessories and cash donations. Two agents out of the Mill Creek, WA office even made 32 scarves by hand for the Winter Drive. We are thankful for these generous donations which will go a long way towards helping keep homeless youth warmer this winter season.

The folks at YouthCare were all very thankful to receive the delivery of eight bins full of donated items. And to make the day even more exciting, Blitz, the Seahawks mascot, was on site to oversee the delivery of the items to YouthCare!

Brittny Nielsen, Communications and New Media Specialist said, “We were thrilled to see our friends from Windermere and Gentle Giant dropping off a semi-truck full of donations for homeless youth this season. Having Blitz from the Seahawks show up to help us celebrate was icing on the cake! This crucial donation from Windermere brightens the holidays for youth in need. We’re so grateful!”

 

 

 

All of us at Windermere are very grateful to Gentle Giant Moving Company, who partnered with us on this drive, and generously donated their time and trucks to pick up all of the donated items from our offices and deliver them to YouthCare.

Thank you to our participating offices, the Seahawks, and all those who donated, for making Windermere’s Winter Drive a success!

 

 

 

*Participating Windermere offices

BellevueBellevue CommonsBellevue SouthBellevue WestBurienChelanIssaquahKirkland CentralKirkland Yarrow BayLynnwoodMaple ValleyMercer IslandMill CreekMonroeProperty Management – BellevueProperty Management – EdmondsProperty Management – SouthRedmondSeattle-BallardSeattle-Capitol HillSeattle-EastlakeSeattle-Green LakeSeattle-GreenwoodSeattle-LakeviewSeattle-Madison ParkSeattle-MagnoliaSeattle-Mount BakerSeattle-NorthgateSeattle-NorthwestSeattle-Queen AnneSeattle-Sand PointSeattle-Wall StreetSeattle-WedgwoodSeattle-West SeattleServices-MarketingSnohomishWoodinville

This article originally appeared on the Windermere.com blog.

Posted on December 8, 2017 at 4:31 pm
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The Home Connection – September 2017

The Home Connection September 2017

Posted on August 30, 2017 at 9:00 am
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The Home Connection – May 2017

Posted on April 27, 2017 at 5:57 pm
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Windermere Foundation Raises $2,246,829 in 2016

The Windermere Foundation had another banner year in 2016, thanks to the continued support of Windermere franchise owners, agents, staff, and the community. Over $2.2 million was raised in 2016, which is an increase of seven percent over the previous year. This brings our total to over $33 million raised since the start of the Windermere Foundation in 1989.

A large amount of the money raised last year is thanks to our agents who each make a donation from every commission they earn. These funds enable our offices to support local non-profits that provide much-needed services to low-income and homeless families in their communities.


SUMMARY OF FUNDS, GRANTS & DONATIONS IN 2016

  • Organizations served: 410
  • Number of individual grants fulfilled: 664
  • Average grant amount: $2,581
  • Average donation to the Windermere Foundation: $122.05

FUNDING BREAKDOWN

  • Total funds provided in 2016: $1,951,878.78
  • Scholarships: 4.79%
  • Youth/Child Programs: 32.65%
  • Emergency Assistance: 25.67%
  • Shelter: 12.85%
  • School Assistance: 6.76%
  • Education/Counseling: 5.10%
  • Administrative Expenses: 2.74%
  • Fundraising Expenses: 9.44%

So how are funds used? Windermere offices get to decide how to distribute the funds their agents raise so that they may help organizations in their communities. Our offices have helped to fund school lunch and afterschool programs, supported non-profits that provide housing assistance to homeless families, donated to food banks, purchased school supplies, provided meals and gifts for families in need over the holidays, fulfilled wishes for children through Make-A-Wish programs, and purchased shoes, clothing, blankets and other items to help keep families warm during the winter months.

This year was also marked by a new partnership between Windermere and the Seattle Seahawks to help #tacklehomelessness. During the 2016 football season, Windermere donated $100 for every Seahawks home game tackle to YouthCare, a non-profit organization that provides essential services to homeless youth. At the end of the season, the #tacklehomelessness campaign raised $35,000, which is being used to help fund YouthCare’s transitional housing program.

Thanks to our agents, offices, and everyone who supports the Windermere Foundation, we are able to continue to make a difference in the lives of many families in our local communities. And not just during the holidays, but throughout the year. If you’d like to help support programs in your community, please click on the Donate button.

To learn more about the Windermere Foundation, visit http://www.windermere.com/foundation.

This article originally appeared on the Windermere.com blog.

 

Posted on February 2, 2017 at 1:01 am
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