The Seattle Art Fair was founded by Paul G. Allen to showcase the vibrant Pacific Northwest art scene, the fair features local, regional, and international art galleries presenting top-tier modern and contemporary art.
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SEATTLE ART FAIR
11am – 7pm | Friday, August 5
11am – 7pm | Saturday, August 6
12pm – 6pm | Sunday, August 7
CenturyLink Field Event | 1000 Occidental Ave S, Seattle, WA 98134
Open Sunday July 24th – 1 – 4 pm ~ 4624 142nd Pl SE ~ Somerset
Traditional two story home in the heart of Somerset with sweeping territorial views. Formal living room with fireplace and dining room. Remodeled kitchen opens to family room with a wall of windows to soak in the view. Four bedrooms, two updated baths up. Daylight basement with rec room, kitchenette, 5th bedroom and bath. Street to street lot on excellent cul-de-sac location affords the ultimate privacy. Located one block from elementary. Bellevue's most sought after schools: Somerset, Tyee and Newport. Click here for more listing information.
House hunters looking for relief from soaring rents continued to snap up homes at a record pace in May. By one analysis, 80 percent of the homes coming on the market in King and Snohomish counties sold within the first 30 days – many within the first week. With a severe lack of inventory in prime buying season, sellers are getting record prices for homes.
Eastside
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The Eastside, already the most expensive area in King County, saw home prices set a new record in May. Median home prices on the Eastside were up by over $100,000 compared to last year, reaching an all-time high of $760,000. With just a month of inventory available, most new listings here drew multiple offers. Even with soaring prices, buyers should plan to act quickly and count on navigating multiple offers.
King County
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With 20 percent fewer homes on the market here than last year, competition among buyers remained fierce. Tight supply and high demand sent prices surging. For the fourth straight month, King County set a new record, with the median price of a single family home sold in May jumping 16 percent over last year to $560,000. The market is in dire need of new homes to ease the inventory crunch.
Seattle
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Seattle has the 4th fastest growing population in the country. That growth has fueled demand. Seattle trails only Portland on the list of markets with thefastest-growing home prices. A single family home here cost $641,250 in May, an increase of 14 percent over the same time last year. While slightly higher than the median price last month, that figure is down from the peak in February.
Snohomish County
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Since the close-in neighborhoods in Seattle and Bellevue have priced out most first-time buyers, they continued to look to Snohomish County as a more affordable option. The median price of a single-family home increased 11 percent over last year to $389,950. That price is slightly above the pre-recession peak in 2007. However, at 30 percent less than the median price in King County, it’s a relative bargain.
Classic 1932 Tudor. Original charm intact with refinished hardwood floors with ribbon inlay, coved arches, fireplace and lighting. Remodeled lower level features a den and family room with custom built-ins to accommodate todays technology. Fourth bedroom upstairs plus bonus room with lots of additional storage. Fully fenced backyard with patio and lovely perennial garden. Easy walk to West Seattle shops and eateries, Trader Joes and PCC. All this in a friendly, established neighborhood of long term owners. This is the place you'll want to call home.
For this year's Community Service Day, the brokers at Windermere Bellevue South helped Mountains to Sound Greenway clean up Lake Sammamish State Park. The Mountains to Sound Greenway brings together the urban and rural landscape connecting the 1.5 million acres surrounding Interstate 90. Their mission is to lead and inspire action to "conserve and enhance the landscape from Seattle across the Cascade Mountains to Central Washington, ensuring a long-term balance between people and nature."
Everyone at Windermere Bellevue South enjoyed the day, supporting the restoration of the Sunset Beach area at Lake Sammamish State Park. We moved and spread mulch to support the health of 2000 plants recently added to the Sunset Beach area at the Park. I worked in the Native Plant Nursery on site weeding and organizing.
The supply of homes for sale in April was up over March, indicating that more sellers are deciding to list their homes. But with less than a month of inventory available in the area, it’s still a seller’s market. While prices were up over last year, the increases aren’t as lofty as they were in the first quarter of this year. Buyers looking for affordable housing continue to push their search outside the more expensive urban cores.
Eastside
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At $730,000, the median price of a home on the Eastside was up 11 percent over last year. That figure was down slightly from February and March, suggesting that prices may be moderating. Competition for homes has not moderated. Brokers continue to report homes on the Eastside selling very quickly and often for over asking price.
King County
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After breaking records for home prices in February and March, King County reached a new record-high in April. The median price of a single-family home was $540,000, a 12 percent increase over the same time last year. The more affordable areas in the south and north ends of the county saw the greatest increases, with home prices climbing almost 20 percent in these outlying areas.
Seattle
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Seattle continues to have the tightest inventory of homes in King County. An influx of young, well-paid technology workers has fueled demand for homes close to the city. The median price of a single-family home increased 15 percent over a year ago to $637,250. But like the Eastside, that number was down slightly from February and March.
Snohomish County
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Snohomish County posted more moderate price gains than King County. The price of a single-family home increased just 4 percent over last year to $375,000, down from a median of $385,000 last month. With prices here a third less than in King County, some buyers are willing to trade a longer commute for a more affordable home.
Historically low inventory levels, how we got here, and what to expect in the coming year
The housing market is performing remarkably well, with the exception of incredibly low inventory levels in many areas throughout the country. Why is this happening? Windermere’s Chief Economist, Matthew Gardner, explains why and offers his predictions for what we can expect in the future.
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