Category: How’s the Market?

New Airbnb Regulations in Seattle

New Airbnb Regulations in Seattle

On Monday, December 11, 2017, the Seattle City Council approved new regulations on short-term rentals, according to an article on GeekWire.com. Short-term rental hosts will be limited to just two dwelling units per owner and will also need a special license to operate. The rules also require platforms like Airbnb and VRBO to obtain special ...

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New Listing in Magnolia

New Listing in Magnolia

Calling all mid-century modern enthusiasts! We just listed this stunning home in Seattle’s Magnolia neighborhood and you owe it to yourself to come see this beauty in person! Stop by one of our scheduled open houses this Saturday and Sunday from 12-3pm for a tour. This Eichler-inspired mid-century modern home is tucked along the north ...

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Salary Needs in Seattle

Salary Needs in Seattle

According to an article in the Puget Sound Business Journal, Median home prices have increased across every major metro area in the nation (with the exception of Hartford, Connecticut), and nearly 70 percent of those markets saw home prices increase by 5 percent or more. With home prices going up, the salary needed to purchase property has ...

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Seattle Home Prices Up 12 Percent in 2017

Seattle Home Prices Up 12 Percent in 2017

According to this article on Northwest Public Radio (nwpr.org), Seattle Tops Real Estate Market For Price Increases, the Pacific Northwest continues to outpace the rest of the country in price appreciation. Seattle tops the list, with the average home appreciating an average of $48,000 over the past year, all while the number of homes ...

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Hottest Housing Market for 12 Months

Hottest Housing Market for 12 Months

According to the Case-Shiller home-price index, as reported in an article on SeattleTimes.com, Seattle home prices have jumped 80 percent since the market bottomed out in 2012 and we’re now seeing the median home prices hit a level that is 20 percent higher than we experienced at the last market peak in 2007/2008. Our city has remained the ...

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Is the Market Slowing?

Is the Market Slowing?

September had 1.7 months of inventory available, as reported by SeattlePI.com in this article, which tied February for the most homes available for sale this year. And while some may think that this increase – combined with a slight decrease in the median sales price of homes in the area to $565,000 – might look like a market ...

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Seattle is Still the Hottest Housing Market

Seattle is Still the Hottest Housing Market

According to this article posted on Business Insider, Seattle is still far and away the Nation’s hottest housing market, with home prices increasing an average of 13.5% over the last 12 months – which is much higher than the National average of a 5.9% increase. And while this is not exactly news to most of us who own property in ...

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The Cost of New Construction

The Cost of New Construction

In this new video, Windermere’s Chief Economist, Matthew Gardner, explains why there isn’t more home building taking place to help satiate buyer demand. His three main reasons boil down to the cost of land, labor, and material costs – which make it expensive to build a home. In response, our Acquisitions Broker, Dan ...

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Sign Up for Our Weekly Updates

Sign Up for Our Weekly Updates

If you aren’t already signed up to receive weekly updates from our team, what are you waiting for?! These emails include all of our new listings, pending sales and closed transactions; plus the occasional market update. We never share our subscriber information and you’ll only receive one email from us a week. Register below and ...

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August Sets Another Record

August Sets Another Record

An article by Mike Rosenberg posted on SeattleTimes.com, titled “King County home prices surge 18 percent, most on record for this time of year“, suggests that Seattle’s housing market didn’t experience the typical summer slow down we tend to see in August. The median price of single-family homes in King County ...

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