Windermere Hosts Third-Annual Washington Waterfront Home Tour

When you picture your best life, does it include entertaining shore-side? Launching a boat from your back steps? Or fishing in your pajamas? If you dream of a waterfront life then you’re in luck! That’s because on June 24-25 we are hosting the third-annual Washington Waterfront Home Tour. More than 80 homes from the San Juan Islands to Lake Sammamish are available to tour by boat, bike, or car. Properties are priced from $595,000 to $20 million. While you might think a waterfront home is out of your budget, there are actually properties that fit a wide variety of needs, styles, and budgets.

Here are a few examples of what you can expect to see this weekend on the tour:

Oak Harbor Charmer:


https://www.windermere.com/listing/WA/Oak-Harbor/2185-West-Beach-Rd-98277/54079653

Spectacular in Seward Park:


https://www.windermere.com/listing/WA/Seattle/7740-Seward-Park-Ave-S-98118/54556875

Enchanted Estate in Friday Harbor:


https://www.windermere.com/listing/WA/Friday-Harbor/-98250/54552772

 

A map of the homes and their open house hours can be found on the Washington Waterfront Home Tour website. Most will be held open from 1 p.m.-4 p.m. on June 24 and 25. The listing details will note the availability; for those listed as “by appointment only,” you can contact the agent for a private tour.

Follow the fun on the Windermere Real Estate Facebook page, and share your own photos while you tour these beautiful homes by tagging your pictures on Instagram and Twitter with #WAWaterfront.

 

In addition to Windermere, the Washington Waterfront Home Tour is being sponsored by Penrith Home Loans.

 

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

Local Market Update – June 2017

The hottest real estate market in the country just keeps getting hotter. Despite a large number of new listings, home prices in the Puget Sound area continued to set records in May. According to a Seattle Times article, “For the first time since the 2007 housing bubble, every county in the central Puget Sound region has set a new median home price record.” Brokers hope this news will help entice more sellers to put their homes on the market.

Eastside

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While down just slightly from its record high last month, the median price of a single-family home on the Eastside was up 15 percent from a year ago to $875,000. With just three weeks of inventory, those looking to buy a home can continue to count on a highly competitive market. It is key for buyers to work with a broker on a buying strategy, and to be willing to act quickly to make an offer.

King County

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King County is starved for inventory. The number of homes for sale in the county dropped 20 percent from a year ago. The good news: The number of new listings year-over-year grew for the first time in 2017. The bad news: They’re getting snapped up as soon as they come on the market. The median price of a single-family home in King County jumped 13 percent over a year ago to a new record of $632,000.

Seattle

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Seattle is the fastest growing city in the country, and that demand is driving prices ever higher. That demand combined with razor-thin inventory has resulted in Seattle topping the nation in bidding wars. As a result, it’s no surprise that home prices here set yet another record in May. The median price for a single-family home in Seattle soared 14 percent over a year ago to $729,000.

Snohomish County

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A steady stream of buyers being priced out of King County have set their sights north in hopes of finding a more affordable house payment. While home prices here are indeed less, that gap has been slowly closing. The median price of a single-family home jumped 15 percent over the same time last year to $450,000, an all-time record.

Local Market Update – May 2017

The local real estate market—already the hottest in the country—set yet another price record in April. The number of homes for sale dropped 27 percent compared to a year ago, the lowest amount of inventory ever recorded for a spring month. The historically low supply of homes is making competition among buyers fierce. Sellers are in the enviable position of being able to structure sales agreements to include concessions such as rent-backs and longer closing time so they can take the time to find their next home.

Eastside

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The median price of a single-family home on the Eastside reached an all-time high of $880,000 in April, a 21 percent jump over last April. That represents an increase of $150,000 over a year ago, the largest dollar increase on record. With our strong economy and growing population, brokers are not predicting a slowdown any time soon.

King County

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Inventory in King County just keeps getting tighter. There are just 1,900 homes on the market here. That compares to nearly 8,000 in April 2011. As buyers bid up existing homes, prices have escalated sharply. The median price of a single-family home jumped 16 percent from the same time last year to $625,000.

Seattle

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Seattle set a record for home prices for the third straight month. The median price of a single-family home rose 13 percent over the same time last year to $722,250. Like the rest of King County, lack of inventory was the driver. In one of the city’s hottest markets, Ballard, there are just 19 single-family homes on the market.

Snohomish County

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Home prices in Snohomish County are rising at their fastest pace in four years. The median price of a single-family home soared 17 percent from a year ago to $440,000. While that increase is substantial, prices here are still 30 percent less than in King County.