Category: Broadmoor

Seattle’s Million Dollar Homes

Seattle’s Million Dollar Homes

According to an article on SeattleTimes.com, nearly 1 in every 5 or 6 homes in King County sold for $1 million or more in 2017 – which is up 71% from 2016 where only 1 in every 10 sales were seven figure transactions. Across the nation, the Seattle area has the ninth highest share of million-plus dollar home sales and we’re seeing ...

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Housing Inventory is Increasingly Tight

Housing Inventory is Increasingly Tight

According to a recent article at King5.com, housing inventory in Seattle continues to drop, and experts predicts that we’ll see 20.1% fewer homes on the market in 2018 than we did in 2017. The median home price last year increased 12.5% to $468,000, with more than half of the homes listed for sale going to more than the list price. And ...

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Seattle Home Prices to Rise in 2018

Seattle Home Prices to Rise in 2018

According to a post at Curbed.com, Zillow has predicted the nation’s hottest housing markets for 2018 and Seattle is third on the list – behind only San Jose, California and Raleigh, North Carolina. To determine which cities would make the list, Zillow looked at factors like unemployment rates, home values and rents, income ...

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Seattle Home Prices Up 12.7%

Seattle Home Prices Up 12.7%

According to an article* at komonews.com, home prices in Seattle are up 12.7% from October 2015, boasting the strongest gains in the country. Across the U.S., home prices rose 6.2% overall in 2017 and “Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index stood in October a solid 6 ...

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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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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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Why Seattle is a smart investment

Why Seattle is a smart investment

In an article penned by Anthony Hitt for Forbes.com this week, he details some key performance indicators that suggest the Seattle real estate market is poised to enjoy continued growth and is not experiencing a bubble as some may like to think. His reasoning includes the following: – Seattle’s population is growing by 57 people ...

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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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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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