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:
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.
The Bellevue Farmers Market has been a staple on the Eastside for nearly 13 years, and Windermere Real Estate has proudly sponsored since it began in 2004. This farmers market was created as a way to support the farmers who work hard to provide us with food.
The market’s mission is to fully support the farmers and the hard work they do every year and each season. It also gives the growing, urban Bellevue a chance to break away from the fast-paced city life. The food is so fresh and wonderful, usually harvested or made that morning or the day before. You can’t always get food that fresh from the grocery stores!
Starting this year the Bellevue Farmers Market will be accepting Fresh Bucks. Fresh Bucks is a program that matches EBT/SNAP benefits (food stamps) dollar for dollar up to $10 every market day and can be spent on fresh fruits and vegetables. More information can be found on the market website here and on the Fresh Bucks website.
A returning favorite this year is the Power of Produce Club. Also known as POP Club, this fun and educational club will run at the market every week from June 8th-August 24th, and each week a new activity is offered for kids to playfully learn more about nutrition, agriculture, and healthy living. You can sign up and find out more about POP Club online.
While homes prices were up by double-digits compared to a year ago, the market frenzy that has affected most of this year is showing some signs of moderating. With the exception of the Eastside, prices for most of the region were down from their peak. Home sales generally outpaced the same period a year ago, but a shortage of inventory continues to tip the advantage in favor of sellers.
Bucking the trend of moderating prices, the Eastside saw the median home price soar 14 percent over last year to a new record high of $769,000. That eclipses the previous peak of $760,000 in May of this year. Very tight inventory in this highly desirable market was reflected in flat sales growth compared to a year ago.
King County saw home prices moderating for the second month in a row. The median price of homes sold in August was $550,000. That represents an increase of 10 percent over last year, but a drop from the high of $570,500 in June.
The median price of a single-family home in Seattle was $625,000 in August. While down from the record high of $666,500 in June, that represents a healthy 9 percent increase over the same time last year. Demand continues to exceed the supply of inventory, particularly for entry-level homes.
Snohomish County’s August median home price of $400,000 was just shy of the record-high of $405,000 set in July. The median price here is $150,000 less than King County, making Snohomish County a more affordable option for buyers willing to trade a longer commute time for lower housing costs.
Despite an uptick in inventory, home prices hit new records in June yet again. A national study showed that home prices are rising faster in Washington than any other state. While lower interest rates provide some relief for buyers, sellers are the real winners. The increase in inventory indicates that more homeowners are starting to take advantage of this historic seller’s market.
After setting a new record last month, the Eastside saw home prices drop slightly from the May peak of $760,000 to $746,500 in June. That number was an increase of 11 percent over a year ago. Despite the small price adjustment, the Eastside continues to have the highest median home prices in King County.
This is the fifth month in a row that the price for a single-family home in King County has set a new record. This latest peak was $573,552, up 15 percent from last June. Inventory increased slightly, but homes were snapped up quickly. One analysis shows fewer multiple offers, but indicated that 80 percent of new listings were selling within the first 30 days.
The median price of a single-family home in Seattle was a record $666,500 in June, up 16 percent over the past year and a jump of 74 percent in the last five years. Those hoping to save money by renting aren’t seeing much relief. A recent report ranked Seattle with the second highest rent growth in the country.
Despite an increase in inventory, home prices in Snohomish County continued to rise. Buyers seeking an alternative to King County’s high prices are pushing their home search north resulting in increased completion for homes and adding to price escalation. The price here hit a new record of $395,000 in June, up 9.7 percent from a year ago.