Thanks to the generosity of Windermere agents and the community, the Windermere Foundation collected over $330,000 in donations during the first quarter of 2018. Individual contributions and fundraisers accounted for 58 percent of the donations, while 42 percent came from donations through Windermere agent commissions. So far, we have raised a total of $35,869,961 in donations since 1989 when the Windermere Foundation was started.
Each Windermere office has its own Windermere Foundation fund account that they use to make donations to organizations in their local communities. In the first quarter of 2018, a total of $521,916 was disbursed to non-profit organizations dedicated to providing services to low-income and homeless families throughout the Western U.S.
One organization that has been the recipient of Windermere Foundation funds is Youthnet, serving Skagit, Whatcom, Snohomish, Island, and San Juan Counties in Washington State. Youthnet provides caring and supportive educational and social services to youth and families to help them attain a productive and successful life.
The Windermere Real Estate/Skagit Valley office in Mount Vernon, Washington has donated a total of $1,500 to Youthnet since 2015. Their support has continued to make a difference to the children, youth, and families served.
Donations have helped Youthnet support clients like Tracey and Tom, who are struggling to care for their three young children because of their inability to find and keep jobs due to mental health issues. Support from donors such as Windermere allows Tracey and Tom to receive resources, parenting support, and guidance to keep Sarah, Suzie and Jimmy well-cared-for. Funding also helps clients like Jennifer, who is finishing high school this year and thinking about going to college. She would be the first one in her family to achieve this goal.
Generous donations to the Windermere Foundation over the years have enabled Windermere offices to continue to support local non-profits like Youthnet. 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 post originally appeared on the Windermere.com Blog.
Chinese buyers continue to strongly influence our local market.
According to a report by Chinese website Juwai, the Seattle/Eastside area is the #3 most popular choice in the U.S. for Chinese buyers behind Los Angeles and New York City.
Windermere specifically targets this lucrative market.
Windermere properties are listed on the Chinese real estate website, Juwai, which has 2.6 million unique views per month from Chinese consumers who are searching purely for western properties.
- Windermere properties are listed with Luxury Portfolio International, a prestigious real estate site with a fully-translated Mandarin language portal.
- Windermere has strong ties with the China Alliance of Real Estate Agencies, which represents over 60 percent of all real estate sales in China.
- Windermere will have a prominent presence at the Luxury Property Show in Beijing, an invitation-only event hosting over 6,000 highly-targeted luxury home buyers in China.
- Windermere targets local Chinese nationals and their families and colleagues through marketing in the Seattle Chinese Times. \
Windermere agents sell more luxury homes to Chinese buyers.
Despite the typical seasonal surge in new listings, supply in our area continued to fall far short of demand in March. With just two weeks of available inventory in every market, competition for homes is intense. The result was another month of double-digit price increases as compared to a year ago. The region has now led the country in home price increases for 17 months in a row. The prediction for the spring market: HOT with no signs of cooling.
The median price of a single-family home was up 6 percent over last March to $926,000, down slightly from the record-setting price last month. Sales were brisk at every price, including the luxury market. Sales of homes priced at $2 million or more were up 23 percent in the first quarter of 2018 as compared to the previous year.
A booming economy combined with insufficient inventory propelled prices to an all-time high in March. The median price of a single-family home in King County jumped 15 percent to $689,950. Multiple offers remain the norm. Buyers here need to plan on moving very quickly and working with their agent on strategies to navigate bidding wars.
The median home price in Seattle set a new record of $819,500 in March, up a whopping 17 percent from a year ago. Homes are selling within days of being listed. Only 19 single-family homes are currently on the market in Ballard and just 24 in Queen Anne. South Seattle, traditionally the most affordable part of the city, has seen the greatest increase in prices. Home values in these neighborhoods have nearly tripled since the recession ended, while home values in the rest of the city have doubled.
Once a less competitive market than King County, Snohomish County now has the lower amount of inventory of the two. The median price of a single-family home grew 12 percent over a year ago to $475,000. Prices here remain significantly lower than in King County and many buyers priced out of that market are trading a longer commute time for the opportunity of ownership.
The Spring 2018 issue of Windermere Living showcases a number of great articles, including design tips from Homepolish founder, Noa Santos, a 48-hour tour of Napa Valley, some of the West Coast’s hottest spots to eat, stay, and play, as well as pages upon pages of beautiful homes!
Windermere Living is the exclusive listings magazine published by Windermere Real Estate. Read the online version by clicking on the image below.