Housing Market

Housing Market Market Snapshot – July 2018
Articles Western Washington Real Estate Market Update 2018 Q1   The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me.   ECONOMIC OVERVIEW The […]
Articles Western Washington Real Estate Market Update Q4 2017   ECONOMIC OVERVIEW The Washington State economy added 104,600 new jobs over the past 12 months. This impressive growth rate of 3.1% is well above the national rate of 1.4%. Interestingly, the slowdown we saw through most of the second half of the year reversed in the fall, and we actually saw more robust employment […]
Articles 2018 Housing Forcast There have been many forecasts published right now for 2018, for politics, the economy, the weather, and so much more. Here is what I expect to see in 2018.   Interest Rates: Interest rates continue to be a great topic of discussion, with most predicting a rise. While the rates may rise a bit, I […]
Financial Property Assessments– What do they mean?   Our office and brokers have received many calls with questions regarding the newly received property value assessments. According to the San Juan County Assessor’s website “State law requires that assessors appraise all taxable property within the county at 100% of its true and fair market value, according to the highest and best use of […]
Housing Market Real News – Article 4 AFFORDABLE HOUSING — WHAT COULD BE DONE This column is the second on the affordable housing issue.  We all know what is needed, but it seems we don’t have a clear vision of how to accomplish it. Last time I mentioned an affordable housing solution on San Juan Island that appears to have served that […]
Articles Real News – Article 3 In a past article I discussed where our Buyers are coming from, but in this article, I think you might like to see how our 2017 sales market stacks up against last year at this same time…. The total number of Orcas sales has increased from 42 in 2016 to 53 this year to date.  […]
Articles Real News – Article 2 A few months ago, the Wall Street Journal published an article stating that the San Juan Islands are the fastest growing luxury home market in the country. This article has created many discussions in the local real estate world all revolving around the question: “What does this statistic mean?”. It also asks the question: “Who […]
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Articles Real News As the owner of the Windermere agency on Orcas, I am often asked; How’s the market? The answer is that the market is continuing to improve, and we are grateful to be past the challenging times of 2009 – 2012. But, this answer warrants further comment. We have come a long way from 2009, when […]
Articles The Gardner Report – Q2 2017   ECONOMIC OVERVIEW The Washington State economy has been expanding at a rapid pace but we are seeing a slowdown as the state grows closer to full employment. Given the solid growth, I would expect to see income growth move markedly higher, though this has yet to materialize. I anticipate that we will see faster […]
Articles The Gardner Report – Q1 2017   ECONOMIC OVERVIEW I’m happy to report that Washington State continues to add jobs at a steady rate. While the rate of growth is tapering, this is because many markets are getting close to “full employment”, during which time growth naturally slows. That said, I believe that the state will add around 70,000 jobs in […]
Articles First Time Buyers, Millennials, and What to Expect in 2017   I believe that the big story for the coming year will be first-time home buyers. Since they don’t need to sell before purchasing, their reemergence into the market ensures that sales will continue to increase, even while inventory is limited. Thirty-one percent of buyers currently in the real estate market are first-time buyers, but […]
Articles What’s In Store For The 2017 Seattle Housing Market?   2016 was another stellar year for the Seattle housing market, in which a surplus of buyers and a deficit of sellers drove home prices higher across the board. So, can we expect to see more of the same in 2017? Here are some of my thoughts on the Seattle/King County housing market for the […]
Articles Perspectives: 2017 Forecast Well, it’s December; the time of year when we look to our crystal ball and offer our housing market predictions for the coming year. And by crystal ball we mean Windermere’s Chief Economist, Matthew Gardner, who has been travelling up and down the West Coast giving his annual forecast to a variety of real estate […]
Articles Top 10 real estate tips for 2017 Sean Justice/Getty Images High demand and low interest rates drove housing sales in 2016, and 2017 is shaping up to be another good year, albeit with a few minor caveats. While home prices for starter-to-midrange homes are pushing upward toward pre-recession peaks, especially in secondary markets, they’re stabilizing in higher-priced areas. Prognosticators see the robust […]
Housing Market The Trump effect. How will it impact the US economy and housing? By Matthew Gardner, Chief Economist, Windermere Real Estate The American people have spoken and they have elected Donald J. Trump as the 45th president of the United States. Change was clearly demanded, and change is what we will have. The election was a shock for many, especially on the West Coast where we have not […]
Articles The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me. ECONOMIC OVERVIEW Annual employment growth […]
Housing Market Six Key Factors That Affect the Sales Price of Your Home     Pricing a home for sale is not nearly as simple as most people think. You can’t base the price on what the house down the street sold for. You can’t depend on tax assessments. Even automatic valuation methods (AVMs), while useful for a rough estimate of value, are unreliable for purposes of pricing […]
Housing Market Emerging Trends in Seattle’s New Construction Housing Market Posted January 13 2016, 3:00 PM PST by Shelley Rossi Posted in Windermere At yesterday’s Windermere Builder Solutions Breakfast, more than 150 Windermere brokers came together to listen to Windermere Chief Economist Matthew Gardner lead a panel discussion on new home construction trends in the greater Seattle area. The panelists included Todd Bennett, CEO: BDR […]
Housing Market Western Washington Real Estate Market Update Posted July 28 2016, 11:00 AM PDT by Matthew Gardner, Chief Economist, Windermere Real Estate Posted in Market News and Western Washington Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate   ECONOMIC OVERVIEW Washington State continues to see strong employment growth, outpacing national numbers with an annual rate of more than […]