On Saturday, over 250 Windermere Real Estate brokers and staff from six Eastside offices came together for the 17th year of Windermere for Kids.
The morning of the event, over 100 “little shoppers” between the ages of 7 and 12 were provided with a gift card to spend at Target for their holiday shopping. Our brokers helped each child select special gifts for their family members and, as an added treat, surprised the little shoppers with a gift for themselves!
Six wrapping stations were each powered by 15 to 20 brokers who wrapped and tagged each purchase. While the children waited, they rejoined their families to enjoy crafts, treats and photos with Santa.
Over the last 20 years, Windermere Real Estate/East, Inc. has helped deliver the holiday spirit to over 1,700 deserving families on the Eastside. It’s no wonder that this event has been a favorite for our brokers, who choose to support Windermere for Kids over having a company holiday party.
The final count on donations are in, and WOW, you are all so incredible! During the four-week winter drive for YouthCare, our Eastside offices collected donations from agents, staff, and the community, which included over 524 hats, gloves, scarves, socks, and an assortment of other accessories and cash donations. A huge thank you to all who donated to the homeless youth in our community!
With the onset of winter, Windermere offices throughout the greater Seattle area came together this month to host another “We’ve Got You Covered” winter drive for YouthCare, a nonprofit that provides critical services to homeless youth. This drive is a part of Windermere’s #TackleHomelessness campaign with the Seattle Seahawks which aims to raise money, donations, and awareness for the homeless youth crisis.
This winter, YouthCare predicts that over 1,500 young people in Seattle will call the streets home during the coldest time of the year, challenging local businesses to help however they can. So, for the third year in a row, over 30 Windermere offices came together to answer the call by collecting new hats, scarves, gloves, and warm socks.
The staff at YouthCare were grateful to receive the delivery of the bins full of donated items. According to Nicole Phaysith, Communications Specialist at YouthCare, “As the rain endures and the temperature drops, it becomes that much harder for young people to focus on the day ahead. We are so grateful for the generous donation of cold weather essentials from Windermere and the community. We’re able to offer young people respite from the cold—and one less thing to worry about on their road to stability and independence. Thank you for keeping homeless youth warm and dry so that they can plan for their future.”
We are grateful to be able to partner with Gentle Giant Moving Company again this year, who generously donated their time, muscle, and trucks to pick up and deliver all of the donated items to YouthCare.
This drive would not be possible without the support of the Seattle Seahawks, our offices, and all those who donated. From all of us at Windermere, thank you for making our Winter Drive a success and helping to support homeless youth in the greater Seattle area!
Increased inventory, slower sales and more price reductions all point to a balancing market—welcome news for price-shocked buyers. Sales prices are up from last October and down from the all-time high reached this spring. Despite the slowdown, it’s important to point out that we’re only moving back toward what a normal market looks like. King and Snohomish counties each have over two months of available inventory. While that is double the inventory of a year ago, it’s far short of the four to six months supply that is considered a balanced market. Sellers looking to list their home now can be sure there remains plenty of interest among home buyers.
The median home on the Eastside sold for $890,000 in October, up 5 percent from a year ago and unchanged from the previous month. While year-over-year price increases were in the single digits for the Eastside overall, several areas, including Kirkland, Woodinville and Mercer Island, experienced double-digit price gains. Buyers are still having to pay a premium for desirable Eastside properties. However, with more choices and less buyer urgency, sellers need to price their home correctly to maximize their chances of getting the best possible return.
Inventory in King County for all homes, both single-family and condominium, soared 102 percent over last October. The increase was due to an influx of new listings and the fact that homes are now taking longer to sell than at the peak of the market this spring. While buyers now have more breathing room to make their decisions, the 2.4 months of inventory in King County is still far from a balanced market. The median price of a single-family home in October was $670,999, an increase of 7 percent from the same time last year, and virtually unchanged from August and September. South King County showed larger increases, with prices rising more than 10 percent from a year ago in Auburn, Kent and Renton.
In October, the median price of a single-family home in Seattle was $750,000, up 2 percent from last October and down slightly from last month. While inventory doubled over a year ago, Seattle falls behind most areas of King County in supply with just under two months of inventory available. Demand is predicted to stay high, with Seattle’s population projected to grow at twice the national rate next year. That said, buyers are in the position to be able to negotiate. A recent analysis named Seattle as one of the top markets in the country where it makes the most sense to buy this winter.
Inventory in Snohomish County soared 65 percent in October as compared to a year ago. The area now has 2.4 months of inventory, about the same relative supply as King County. As with most of the Puget Sound area, the increase in inventory was due to a higher number of sellers listing their homes and fewer sales. Year-over-year, the median price of a single-family home sold in October in Snohomish County grew 8 percent to $473,000. The median price in September was $485,000.