2017 Housing Forecast: Local Market No. 4 in US

2017-home-forecast

According to Veros Real Estate Solutions, the Seattle-Tacoma-Bellevue market is projected to be the fourth hottest real estate market in the U.S. in 2017. The company projects home prices to appreciate 10.2 percent in our region next year, far outpacing the rest of the country.

If you’re thinking about selling, the timing couldn’t be better. With inventory at historic lows, prices at or near record highs, and multiple offers the norm, it’s an exceptional time to get top dollar for your home.

2017-market-forecast

Are you ready to sell your home?

Get in touch with a Windermere Real Estate agent to receive a valuation of your home based on current market conditions, walk you through the process, and answer any questions you may have.

Local Holiday Light Shows

december-16-web-header

Ready to lift your spirits? Shimmering light shows are a brilliant way to celebrate the winter holiday season. Grab a warm coat and go exploring in gardens, zoos and even on the water.  Here are five local venues that are worth braving the cold to see…

1. WildLights at Woodland Park Zoo

5500 Phinney Ave. N, Seattle WA 98103
www.zoo.org/wildlights | click here to get tickets

  • Dates/Times: Open nightly 11/25/16 – 1/1/17  |  5:30-8:30 pm
  • Cost: $7.95-$9.95 per person (ages 2 and under are free)
  • Promotion: Zoo members who purchase tickets by 12/9 get a $2 discount off each adult ticket
  • Parking: Free parking at the north (Bear Lot), inner north (Otter Lot) and and northwest lot (Penguin Lot)
  • Food: Refreshments are available at food kiosks, Pizza Corner, the Rain Forest Pavilion and at the Pacific Chowder House (with covered seating). Outside food and non-alcoholic drinks are permitted.
  • Special Events and Activities
  • Holiday Closures: 12/24 & 12/25

Wildlights at Woodland Park Zoo

 

2. Garden d’Lights at Bellevue Botanical Garden
12001 Main Street, Bellevue WA 98005
www.gardendlights.org | click here to get tickets

  • Dates/Times: Open nightly 11/26/16 – 12/31/16  |  4:30-9:00 pm
  • Cost: $5 per person (ages 10 and under are free)
  • Promotion: Free admission on 11/28, 11/29, 11/30, 12/1, 12/5, 12/6, 12/7 and 12/8
  • Parking: $5 per car in the Garden’s lot (cash only) as space allows OR park for free at Wilburton Hill Park
  • Food: Hot drinks and snacks are available at the Aaron Education Center
  • Holiday Closures: None

Garden d'Lights at Bellevue Botanical Garden

 

3. Snowflake & Celebration Lane at the Bellevue Collection
Bellevue Way & NE 8th Street, Bellevue WA 98004
http://bellevue.com/snowflake-lane

  • Dates/Times: Nightly 11/25/16 – 12/31/16  |  20 minute show starts at 7 pm
  • Cost: Free
  • Parking: Free parking at Bellevue Square, Bellevue Place and Lincoln Square.
  • Food: A variety of dining options (from happy hour, to kid fare, to gourmet meal) are all within walking distance
  • Special Events & Activities: Ice Skating, Santa Parade & Tree Lighting
  • Holiday Closure: 12/25

Snowflak Lane at the Bellevue Collection

 

4. Christmas Ship Festival
Launch locations include Lake Union Park, Kirkland City Dock, Leschi Marina, Des Moines Marina, Poulsbo Marina, Seattle Waterfront – Pier 55, Tacoma (Dock Street Marina), Port of Edmonds Marina, Fishermen’s Terminal, AGC Marina, and Shilsole Bay Marina
www.argosycruises.com | click here to get tickets

Christmas Ship at Lake Union, Photo Courtesy of Seattle Parks

 

5. Zoolights at Point Defiance Zoo & Aquarium
5400 N. Pearl Street, Tacoma WA 98407
www.pdza.org/zoolights
click here to get non-member tickets OR click here to get member tickets

  • Dates/Times: Open nightly 11/25/16 – 1/1/17  |  5-9 pm
  • Cost: $8.50-$10.00 per person (ages 2 and under are free)
  • Promotions:
    -$5 tickets for zoo members
    -Combo Pass that includes daytime zoo admission ($12-$16)
    -Military Nights ($8 for US Veterans): 11/28, 11/30, 12/5, 12/7, 12/12 & 12/14
    -Scout Night ($8 for registered Girl Scouts or Boy Scouts): 12/6
  • Parking: Free parking in zoo lots (entrance on Pearl Street)
  • Food: Hot drinks and treats are available at the café and kiosks throughout the zoo
  • Activities
  • Holiday Closure: 12/24

Zoolights at Point Defiance

©Windermere Real Estate/Mercer Island

This blog post originally appeared on the MercerIslandPulse.com blog.

 

We’ve Got You Covered Winter Drive for YouthCare – Wrap Up

As part of Windermere’s #tacklehomelessness campaign with the Seattle Seahawks, 38 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 non-profit that provides support and services to homeless youth throughout the Puget Sound area.

An estimated 3,500 items were collected during the four-week drive. We are thankful for the generosity and enthusiasm shown by the participating offices—there was even some competition among them to collect the most items. Taking that title for the most donations was the Windermere Shoreline office which alone collected 665 items! Some of the donations were even hand-made by members of the community, like the 10 sets of hats/scarves knitted and donated to Windermere’s Mercer Island office, and the homemade Seahawks scarves and hats that were donated to the Property Management – South office. These generous donations will go a long way towards helping to keep many homeless youth warmer this winter season.

Jody Waits, Development and Communications Officer at YouthCare, was overwhelmed with excitement by all of the winter gear that was collected: “This is AMAZING! We received a truck – a literal truck – full of donations,” she said, adding, “Windermere’s amazing donations provide homeless youth with cold-weather items they would not be able to afford to purchase on their own. Helping a young person feel warm, dry, and safe, frees them up to focus on achieving other goals, and connecting to their future potential. We are very grateful for Windermere’s partnership with YouthCare.”

We are also incredibly grateful to Gentle Giant Moving Company, who partnered with us for 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, and all those who donated, for making our winter drive a success!

 

*Participating Windermere offices

Auburn-Lakeland Hills, Bellevue, Bellevue Commons, Bellevue South, Bellevue West, Burien, Enumclaw, Issaquah, Kirkland Central, Kirkland Yarrow Bay, Kirkland-Northeast, Lynnwood, Mercer Island, Mill Creek, Property Management – South, Redmond, Renton, Seattle-Ballard, Seattle-Capitol Hill, Seattle-Eastlake, Seattle-Green Lake, Seattle-Greenwood, Seattle-Lakeview, Seattle-Madison Park, Seattle-Magnolia, Seattle-Mount Baker, Seattle-Northlake, Seattle-Northgate, Seattle-Northwest, Seattle-Queen Anne, Seattle-Sand Point, Seattle-Wall Street, Seattle-Wedgwood, Seattle-West Seattle, Services-Marketing, Shoreline, Snohomish, Woodinville

This blog post originally appeared on the Windermere.com blog.

Local Market Update – November 2016

Home sales outgained new listings again in October, further squeezing already tight inventory and pushing prices higher. Since new listings traditionally decrease in the fall, that inventory shortage is expected to last until spring. Sellers willing to put their home on the market now can expect plenty of interested buyers, and a highly favorable chance of getting the best possible price for their home.

Eastside

Click image to view full report.
Click image to view full report.

Home prices on the Eastside took a big leap in October, fueled by record low inventory. The median price of a single-family home sold that month was $768,000, a jump of 15 percent over the same time last year, and the fastest price growth in several months. With the market so strongly favoring sellers, brokers are hopeful more consumers will opt to list their homes.

King County

Click image to view full report.
Click image to view full report.

The amount of inventory in King County fell to levels not seen since the 1990s with just one month of available inventory. With supply falling well behind demand, prices jumped significantly. The median price of a single-family home sold in October jumped 15 percent over a year ago to $550,000.

Seattle

Click image to view the full report.
Click image to view the full report.

There is no place where the supply of homes is tighter than Seattle, particularly in areas close to the city center. Just three weeks of inventory has kept this market in solid multiple-offer territory. Prices in October increased accordingly. The median price of a single-family home in Seattle rose 13 percent to $625,000.

Snohomish County

Click image to view full report.
Click image to view full report.

Inventory in Snohomish County dropped more than 20 percent from a year ago. With just over a month of available inventory, prices climbed. The median price of a single-family home was up 6 percent over last year to $386,599. Even with that increase, buyers continue to be drawn to the area by home prices that average 30 percent less than King County.