The hottest real estate market in the country just keeps getting hotter. Despite a large number of new listings, home prices in the Puget Sound area continued to set records in May. According to a Seattle Times article, “For the first time since the 2007 housing bubble, every county in the central Puget Sound region has set a new median home price record.” Brokers hope this news will help entice more sellers to put their homes on the market.
While down just slightly from its record high last month, the median price of a single-family home on the Eastside was up 15 percent from a year ago to $875,000. With just three weeks of inventory, those looking to buy a home can continue to count on a highly competitive market. It is key for buyers to work with a broker on a buying strategy, and to be willing to act quickly to make an offer.
Seattle is the fastest growing city in the country, and that demand is driving prices ever higher. That demand combined with razor-thin inventory has resulted in Seattle topping the nation in bidding wars. As a result, it’s no surprise that home prices here set yet another record in May. The median price for a single-family home in Seattle soared 14 percent over a year ago to $729,000.
King County is starved for inventory. The number of homes for sale in the county dropped 20 percent from a year ago. The good news: The number of new listings year-over-year grew for the first time in 2017. The bad news: They’re getting snapped up as soon as they come on the market. The median price of a single-family home in King County jumped 13 percent over a year ago to a new record of $632,000.
A steady stream of buyers being priced out of King County have set their sights north in hopes of finding a more affordable house payment. While home prices here are indeed less, that gap has been slowly closing. The median price of a single-family home jumped 15 percent over the same time last year to $450,000, an all-time record.
This month Windermere Real Estate Co. has teamed up with neighboring restaurants to Dine Well – Do Good. Each Monday night in the month of June, Windermere Real Estate Co. is matching tips made to servers – up to $3,000 per night – and 100% of these funds will be donated to Food Lifeline, via the Windermere Foundation.
Food Lifeline is the food bank to food banks. They rescue millions of pounds of surplus food from farmers, manufacturers, grocery stores, and restaurants; then deliver this healthy and nutritious food to 275 food banks, shelters, and meal programs across Western Washington. Through their own ingenuity and clever practices, a single $1 donation can provide the equivalent of four complete meals.
Please join us in supporting local restaurant businesses while also supporting Food Lifeline and the crucial work they do. Browse through the list of participating restaurants and set your Monday night menu for the month of June!
The Beach House
1927 43rd AVE E, Seattle, WA 98112
5105 Ballard AVE NW, Seattle, WA 98107
5205 Ballard AVE NE, Seattle, WA 98107
Bryant Corner Café
3118 NE 65th Street, Seattle WA 98115
4220 East Madison Seattle, WA 98112
9219 35th AVE NE, Seattle, WA 98115
Kabul Afghan Cuisine
2301 N. 45th Street, Seattle, WA 98103
319 NE Thornton Place, Seattle, WA. 98125
3426 NE 55th Street, Seattle, WA 98105
4300 Fremont Ave N, Seattle, WA 98103
Sand Point Grill
5214 Sand Point Way NE, Seattle, WA 98105
2043 Eastlake AVE E, Seattle WA 98102
Sushi Kappo Tamura
2968 Eastlake AVE E, Seattle, WA 98102
3617 NE 45th St, Seattle, WA 98105
The Watershed Pub & Kitchen
10104 3rd AVE NE, Seattle, WA 98125
Originally posted in Seattle Places and Spaces
Every year Windermere closes its offices for one day to help make a positive difference in our local communities. It all started in 1984 when a handful of Windermere owners and agents came together to make repairs at a local elementary school. Thirty years and more than one million hours of community service later, we’ve continued this tradition through neighborhood-enhancing projects in the areas where our Windermere teams live, work, and play.
Windermere Bellevue South brokers and will be working at the safe houses in North Bend with repairs around the houses, general yard work, painting, and building decks.
Community Service Day will take place on June 9th, 2017
More than 80 percent of Americans say they want an outdoor living space where they can relax and entertain. And it’s no wonder why. Outdoor spaces extend your livable space, add visual interest, and increase not only your quality of life, but also the overall value of your home. (In some cases, the increase in your home’s value can cover most or all of the cost to create the new space.) Here are some options to consider:
Decks are still the most popular outdoor living spaces, not only because they work so well for entertaining and relaxing, but also because they have the highest return on investment (see the Tips column for data).
Surprisingly, wood decks (made of cedar or pine) are actually the better financial investment, because building with Trex or other popular composite products costs considerably more, yet doesn’t increase the home’s value by as much.
Expanding and reconfiguring your current deck is another option that’s popular today. The contractor will typically remove the old face boards, extend the underlying structure, and then put down the new decking. This is also an opportunity to add built-in furniture, privacy screens, even plumbing and electricity.
Running a close second to decks – in both popularity and investment return – are patios. With a patio, you can relax and entertain at ground level, which can afford more privacy in urban areas, and allows you to be more engaged with the surrounding plants and landscaping.
Typically made of brick, concrete, or stone, a patio also comes with far fewer maintenance and repair issues than a deck. Plus, patios are generally easier and less disruptive to construct – which is why they’re often about 30 percent less expensive to have professionally built.
For those who want even more privacy, as well as shelter from the sun and protection from mosquitoes and other pests, there’s the gazebo. Available with walls or as an open-air design, with screening or not, these modestly sized, affordable backyard structures can be built from scratch or purchased as a kit (for assembly by a do-it-yourselfer or a professional).
Popular in the Midwest for decades, gazebos have made their way west as homeowners here have discovered how nice and easy they are for creating a shaded spot for reading, relaxing, and backyard gatherings.
People tend to gather naturally in the kitchen. And when the kitchen is outdoors, it creates an ideal opportunity to mix, mingle and interact in the open air. Other reasons why cooking outdoors makes so much sense: less kitchen cleanup, the house stays cooler during the summer, and grilled food just tastes better.
Some may think an outdoor kitchen is only for cooks who host large parties, but homeowners who go this route say they’re more of an extension of the home, and great for daily use.
Designs for outdoor kitchens range from the simple (a grill, limited counter and cabinet space, and maybe a prep sink) to truly independent entities with a refrigerator, an elaborate grill, warming oven, freestanding island with storage space, rolling cart stations, and even a dishwasher. Depending on how elaborate your design, you may be able to list it as a second kitchen when selling your house.
SIX PLANNING SUGGESTIONS
- Before meeting with contractors, gather photos of designs and ideas that you like; this will make it much easier to communicate your ideas.
- Make sure the materials you plan to use, as well as the overall size of the structure, will be harmonious with your home’s current look and feel.
- Give serious consideration to a roof – which will likely add significantly to the cost, but will also provide much-needed shade on hot days and protection from rain and inclement weather. In fact, to ensure things are structurally sound and architecturally appealing, start with the design for the roof first, then set your sights on the roof supports and structure below.
- Incorporate lighting into your design, which will extend its usability into the evening and throughout the seasons.
- Consider convenience, comfort, and longevity when choosing materials. For example, a floor made of dirt or stepping stones may last forever, but one made of wood or concrete is much easier to clean and arrange furniture upon.
If you’re eager to live a healthier lifestyle and reconnect with family and friends, as most people are today, it’s time to consider an outdoor living space.
from the Windermere Blog
My career as a real estate agent allows me to connect people to homes where memories are made. But that opportunity doesn’t come easily for everyone. I believe in giving back to organizations that are helping people get back on their feet and get one step closer to their dream of home sweet home.
Here are some of the organizations I support with help from you and every sale made.
Windermere Foundation supports low income and homeless families with food, shelter and emergency services right here in our community.
Bellevue Schools Foundation supports students in need across the district and programs that make our schools some of the top in the nation.
Jubilee Reach affirms the value of our Bellevue youth with afterschool activities that promote leadership and teamwork.
Youth Eastside Services (YES) provides support and mental health counseling for our eastside youth.
Plymouth Housing Group provides supportive housing as the formerly homeless make the transition to independent living.
Now more than ever, we are called to support the nonprofits that shape our community and uphold the values that make the Seattle area so special. So today… skip the latte and stretch your donation today and #GIVEBIG
The local real estate market—already the hottest in the country—set yet another price record in April. The number of homes for sale dropped 27 percent compared to a year ago, the lowest amount of inventory ever recorded for a spring month. The historically low supply of homes is making competition among buyers fierce. Sellers are in the enviable position of being able to structure sales agreements to include concessions such as rent-backs and longer closing time so they can take the time to find their next home.
Windermere Welcomes China to 31st Windermere Cup This Saturday
For the past 31 years, Windermere Real Estate and the University of Washington have joined together to host the annual Windermere Cup rowing regatta, which brings the world’s best crews to Seattle to compete against the nationally acclaimed UW men’s and women’s teams. Held annually on the first Saturday in May, the Windermere Cup is both an international sporting event and opening day party, followed by the world’s largest boat parade.
This year’s event will see the Huskies take on the Shanghai men’s and women’s High-Performance Rowing teams from China on Saturday, May 6. This matchup will mark the third time that a team from China has travelled to Seattle to compete in the Windermere Cup. Their first appearance came 27 years ago when the People’s Republic of China took home the Windermere Cup ahead of Navy, Washington, and Cambridge. Twelve years later the Chinese men’s rowing team returned for the 2002 Windermere Cup.
In addition to the crew races, the family-friendly Windermere Cup event also includes food vendors, booths to purchase UW and Windermere Cup apparel and commemorative gear, as well as a bouncy house for the kids.
Windermere Cup App:
The crew races start at 10am and end around noon. Following the final Windermere Cup race is the Seattle Yacht Club’s Opening Day Boat Parade. Download the Windermere Cup App to access schedule and team information, and for live race results: https://event.crowdcompass.com/windermerecup17
Windermere Cut Cinco de Mayo Party:
A new addition to this year’s event is the Windermere Cut Cinco de Mayo party down along the north shore of the Montlake Cut. Twenty dollars gets you into the beer/margarita garden where you can listen to Spike and the Impalers while munching on food from one of three Mexican food trucks. For more information and to buy tickets go to Brown Paper Tickets.
Windermere Cup Book:
This book is about the athletes, colorful characters, and brilliant people the Windermere Cup rowing regatta has featured every first Saturday in May since 1987. Through interviews, original documents and pages upon pages of breathtaking photographs, author Gregg Bell captures this event’s more than 30 remarkable years, its spirit and its soul.
The Windermere Cup is a touchstone for our company, our family of offices and agents, and the University of Washington. Not only is this an international sporting event, it’s a celebration of camaraderie, teamwork, and community – and truly great tradition that we are honored to be a part of.
Taxes done? Boxes of old documents? Join us at our annual shredding event at Windermere Bellevue South.
Home prices are growing faster in our region than anywhere else in the country. After a brief slowdown last month, home prices in February jumped to new record highs. The reason? The lowest number of homes for sale on record. The surge in prices came well ahead of the normal seasonal spring uptick, adding even greater urgency among buyers competing for already severely limited inventory. It remains to be seen if the predicted hike in interest rates will help moderate the market. For now, sellers are calling the shots.
Tasteful remodel in Bellevue’s beloved Somerset, where commuting is a breeze and schools are prized! Nearly every surface has been touched with today’s real-living in mind: quartz, stainless, and cherry custom cabinetry in new open concept kitchen. Sleek finishes in remodeled baths. Resilient IPA hardwoods. Cozy lower level rec room with gas fireplace. Updated systems and low maintenance tile roof. Park-like grounds create serene setting with Somerset Elementary and playground half a block away.
Open Saturday and Sunday 1 – 4 pm
Link to more information here