Seattle Area Real Estate

Seattle Area Real Estate

Q4 2022 Western Washington Economic & Real Estate Update

The following analysis of select counties of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. I 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. Regional […]
Seattle Area Real Estate

How’s the Market? Annual Review of Seattle Area Real Estate

While 2022 began on the heels of an extreme seller’s market we saw in the wake of the COVID pandemic, the second half of the year showed a marked shift back toward normalcy. Rising interest rates and tech layoffs significantly slowed down the number of home sales. The good news for buyers is that we […]
Seattle Area Real Estate

Matthew Gardner’s Top 10 Predictions for 2023

This video shows Windermere Chief Economist Matthew Gardner’s Top 10 Predictions for 2023. Each month, he analyzes the most up-to-date U.S. housing data to keep you well-informed about what’s going on in the real estate market. 1. There Is No Housing Bubble Mortgage rates rose steeply in 2022 which, when coupled with the massive run-up […]
Seattle Area Real Estate

What is an Adjustable-Rate Mortgage (ARM)?

Securing the most advantageous financing for your situation is an integral part of the success formula of buying a home. After getting pre-approved but once you’ve found the home you’d like to pursue, one of your primary tasks is exploring different loan products to see which best fits your situation. This is the fork in […]

Seattle Area Real Estate Q4 2022 Western Washington Economic & Real Estate Update The following analysis of select counties of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. I 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. Regional […]

Seattle Area Real Estate How’s the Market? Annual Review of Seattle Area Real Estate While 2022 began on the heels of an extreme seller’s market we saw in the wake of the COVID pandemic, the second half of the year showed a marked shift back toward normalcy. Rising interest rates and tech layoffs significantly slowed down the number of home sales. The good news for buyers is that we […]

Seattle Area Real Estate Matthew Gardner’s Top 10 Predictions for 2023 This video shows Windermere Chief Economist Matthew Gardner’s Top 10 Predictions for 2023. Each month, he analyzes the most up-to-date U.S. housing data to keep you well-informed about what’s going on in the real estate market. 1. There Is No Housing Bubble Mortgage rates rose steeply in 2022 which, when coupled with the massive run-up […]

Seattle Area Real Estate What is an Adjustable-Rate Mortgage (ARM)? Securing the most advantageous financing for your situation is an integral part of the success formula of buying a home. After getting pre-approved but once you’ve found the home you’d like to pursue, one of your primary tasks is exploring different loan products to see which best fits your situation. This is the fork in […]

Seattle Area Real Estate How’s the Market? Q3 2022 Real Estate Review While still considered a seller’s market, our July-September home sale activity signaled the return of some much-needed balance. Seattle and Eastside home prices still posted year-over-year gains in Q3, but rising interest rates markedly slowed the pace of both listings and sales. Houses also stayed on the market longer than we saw during the frenzy […]

Seattle Area Real Estate How’s the Market? Q2 Real Estate Review While Seattle and the Eastside are still considered a seller’s market, buyers experienced some much-needed relief in the second quarter with new listings outpacing the number of homes sold. Rising interest rates have initiated a shift toward a more balanced market. Opportunities abound for both sellers (who are still seeing higher sales prices than this […]

Seattle Area Real Estate How to Avoid Overpaying for a Home in a Transitioning Market Look Carefully at the Home Itself Here are four home attributes beyond the number of bedrooms and baths that you should have your eye on… Home (building) quality: Very well-built homes are a rare find and typically worth every penny of their price. Don’t confuse them with so-so homes that just measure up to […]

Seattle Area Real Estate How’s the Market? Q1-2022 Real Estate Review Across the region, home values continued to see huge year-over-year gains from 2021 to 2022. Most homes sold in the first 10 days and for well above the asking price. We started the year with an extreme shortage of homes for sale, resulting in an overall lower number of sales compared to the start of […]

Seattle Area Real Estate Should You Remodel or Sell Your Home As Is? Homeowners who are preparing to sell are often faced with a dilemma about whether to remodel or sell their home in its current state. Each approach has its respective advantages and disadvantages. If you decide to remodel your home, it will likely sell for more; but the increased selling price will come at the cost […]

Seattle Area Real Estate How’s the Market? Annual Report on Seattle Area Real Estate… In the wake of extreme buyer demand and mind-blowing bidding wars, housing prices soared in Seattle and reached staggering heights on the Eastside. Record low interest rates were the silver lining for those buyers who were able to successfully purchase a home with financing. 2022 looks to be another strong year for real estate. […]

Seattle Area Real Estate How’s the Market? Q3 Real Estate Review The frenetic pace of Seattle-area real estate continued in Q3, with the number of sales and median sales prices both up across the region compared to this time last year. Seattle condo sales saw a healthy year-over-year jump as they continued to recover from the COVID slump we saw in 2020. While buyers still […]

Seattle Area Real Estate How’s the Market? Q2 Real Estate Review Buyers found no relief as our region’s extreme sellers’ market continued skyward. Strong home buyer demand simply outpaced the number of available properties for sale. Fierce competition drove prices up 15% in Seattle and a staggering 38% on the Eastside as compared to Q2 of 2020. While COVID played a factor in early 2020; all […]

Seattle Area Real Estate How’s the Market? Q1 Real Estate Review… An extreme sellers’ market, driven by too few homes for sale and incredibly low mortgage interest rates, led to the most aggressive multiple offer bidding wars we have experienced in our region. There are simply dozens of buyers for nearly every home that comes to market. To be competitive, most buyers did their home research […]

Seattle Area Real Estate Should I Be a Homebuyer in this Market? Fourteen offers, all contingencies waived, earnest money deposit released to seller on offer acceptance. This is the norm rather than the exception in our current market. Sound crazy? It is! And we’ve been here before. Today’s buyers are likely paying considerably above market values to “win” the war and snag a house that they can […]

Seattle Area Real Estate How Did Seattle Real Estate Fare in 2020? Our local real estate market overcame all odds in the surreal and tumultuous year laid at our doorstep. Despite many economic woes, home sellers were the big winners in 2020 as too few homes for sale could not keep up with increased buyer demand, leading to the most aggressive multiple offer bidding wars we […]

Seattle Area Real Estate Q3 2020 Reports: Market Update The volume of Q3 transactions made up for Q2’s fewer sales and then some. Truth be told, the market could have absorbed twice the number of transactions, if only there were more homes on the market to sell. Too few homes for sale is the defining character of the Q3 Seattle region real estate […]

Seattle Area Real Estate Home Buying Trends Emerging from COVID-19 Coronavirus has made many of us rethink what is important to us…and our homes are no exception. According to the National Association of REALTORS® (NAR), the top feature desired by buyers is now a home office (or even more than one). 22% of buyers are less concerned about their commute, which means homes in affordable […]

Seattle Area Real Estate Interest rates make a BIG difference when you buy… You probably know that interest rates affect your monthly mortgage payments, but most of us aren’t aware of just how big an impact they really have on a home loan. Each 1% change in interest rate equates to roughly a 10% change in buying power. This means you can qualify for a much more […]

Seattle Area Real Estate Q2 2020 Reports: Market Update Q2 was a story of resilience for the Seattle market. It began with our region fully entrenched in a new normal amidst the COVID-19 pandemic, but ended with a strong seller’s market and historic low interest rates. Buyers have returned in droves to battle for the limited supply of homes for sale. With a […]

Seattle Area Real Estate How to Buy and Sell Safely in the New Normal While buying and selling real estate was recently deemed essential in Washington State, the landscape looks very different than it did before the COVID-19 outbreak. Real estate offices remain closed to the public with agents (like me) working remotely and hosting virtual client meetings. Important safety regulations prohibit in-person open houses and limit the […]