Category Archives: Bellevue

Local Market Update-

Your Market Update for the Eastside & Seattle

by Jason E. Cook

With competition for homes growing and inventory shrinking, the real estate market in January was as hot as ever.  Home prices were up by double digits as buyers chased severely limited inventory. The number of homes for sale hit a record low for the month of January, which should strongly favor sellers as we move into the prime spring selling season.  The average home seller in our area now makes a 64 percent profit, the fourth-highest rate of any region in the country, according to ATTOM Data Solutions.

Eastside

Eastside home values, Whispering Heights

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Home prices on the Eastside continue to climb. The median price of a single-family home was up 18 percent over last January to $938,000 —­ virtually unchanged from the record high set a month ago. West Bellevue, King County’s most expensive area,  saw the median home price surge to a record high of $2.72 million. With less than a month of available inventory, prices aren’t expected to cool any time soon.

Seattle

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Seattle Home Values >Click image to view full report.

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An ongoing shortage of inventory combined with an economy that continues to add jobs has kept the Seattle housing market very competitive and increasingly expensive. Seattle’s median price hit a new record in January jumping 19 percent to $757,000.  Despite the increase in prices, brokers are reporting open house traffic that can number in the hundreds of interested buyers.

King County

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Single-family home prices in King County soared 20 percent over a year ago to $628,388, with double-digit increases recorded in every area of the county.  Lack of inventory continues to fuel the market.  There were 21 percent fewer homes for sale here as compared to a year ago, with inventory hitting a record low for the month of January. The region has now been the hottest housing market in the country for 15 months in a row.

 

Snohomish County

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Home price increases in Snohomish County were more moderate than those in King County. The median price of a single-family home grew 10 percent over a year ago to $450,000. That number is down from the high of last year, and reflects a more common seasonal slowdown.

Eastside Real Estate Market Update November 2017 by Jason E Cook

Hi there! Jason Cook, your neighborhood realtor with Windermere real estate. I am here with your how’s the market, update for November 2017! Well, I can tell you it is more of the same: prices increase, and inventory is still going down! in fact the median closed sales price here on the #Eastside, including #SouthBellevue, was up to $850,000!

Continue reading Eastside Real Estate Market Update November 2017 by Jason E Cook

How’s the market?

Local Market Update – January 2017

A record low number of houses for sale in December indicates that 2017 will continue to be a very competitive market for buyers. The good news: those who decide to take the plunge and list their home can count on getting a premium price for their property. Brokers reported that about three-fourths of the homes sold in December involved bidding wars.

Eastside

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Bellevue Home Values
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Continue reading How’s the market?

Local Market Update

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

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5 Reasons to SELL this Fall!

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Is this the time to sell for you?

5 Reasons to Sell This Fall

Here are five reasons why you should consider selling your house this fall: 

1. Demand Is Strong

The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!

Continue reading 5 Reasons to SELL this Fall!

The Real Estate Market is getting Stronger!

5 Stats that Prove the Real Estate Market is Getting Stronger | Simplifying The Market

5 Stats That Prove the Real Estate Market Is Getting Stronger

Whenever there is talk about an improving housing market, some begin to show concern that we may be headed toward another housing bubble that will be followed by a crash similar to the one we saw last decade.

Continue reading The Real Estate Market is getting Stronger!

#TackleHomelessness & #WindermereFoundation !

Such a wonderful company to work for!  As the Official Real Estate Company of the Seattle Seahawks we are excited to announce the #WindermereFoundation will be donating $3,100 from last weeks game to YouthCare as a part of our shared goal to #TackleHomelessness. For each home game tackle by the Seahawks, Windermere will donate $100 to help provide essential services and support for homeless youth.

#GoHawks
#GoHawks