2018 was a year of change and growth.The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 89%! Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have experienced, resulting in well-established equity levels. In 2018, inventory averaged 1.7 months, 30% more than 2017. This caused the month-over-month price gains to slow, and we experienced a price correction over the second half of the year. We expect to see more average levels of price appreciation in 2019 as the market continues to balance out. After six years of expansion resulting in an extreme seller’s market, in 2018 we encountered a market shift in the late spring. Inventory increased, interest rates took a jump, and demand took a step back to re-evaluate the new playing field. This resulted in a tempering of month-over-month price appreciation, and has established some long-awaited balance. This balance has brought opportunities for both buyers and sellers. Buyers have more selection and are negotiating terms like inspection items and concessions. Sellers are sitting on 6+ years of equity growth, and are now able to sell their home and make a move without fearing where they will land next. Interest rates are still well below the 30-year average, currently hovering just under 5%. We are seeing demand start to re-engage now that the new normal has settled in. This is only a snapshot of the trends in south King County; please contact me if you would like further explanation of how the latest trends relate to you.

2018 was a year of change and growth.The market shifted from an extreme seller’s market, but still had strong gains.Year-over-year, median price is up 8% and since 2012 has increased 87%!Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have experienced, resulting in well-established equity levels. In 2018, inventory averaged 2 months,double that of 2017.This caused the month-over-month price gains to slow, and we experienced a price correction over the second half of the year. We expect to see more average levels of price appreciation in 2019 as the market continues to balance out.After six years of expansion resulting in an extreme seller’s market, in 2018 we encountered a market shift in the late spring. Inventory increased, interest rates took a jump, and demand took a step back to re-evaluate the new playing field. This resulted in a tempering of month-over-month price appreciation, and has established some long-awaited balance. This balance has brought opportunities for both buyers and sellers.Buyers have more selection and are negotiating terms like inspection items and concessions. Sellers are sitting on 6+ years of equity growth, and are now able to sell their home and make a move without fearing where they will land next.Interest rates are still well below the 30-year average, currently hovering just under 5%.We are seeing demand start to re-engage now that the new normal has settled in.This is only a snapshot of the trends on the Eastside; please contact me if you would like further explanation of how the latest trends relate to you.

2018 was a year of change and growth.The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 93%!Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have experienced, resulting in well-established equity levels.In 2018, inventory averaged 1.5 months,double that of 2017. This caused the month-over-month price gains to slow, and we experienced a price correction over the second half of the year.We expect to see more average levels of price appreciation in 2019 as the market continues to balance out.After six years of expansion resulting in an extreme seller’s market, in 2018 we encountered a market shift in the late spring. Inventory increased, interest rates took a jump, and demand took a step back to re-evaluate the new playing field. This resulted in a tempering of month-over-month price appreciation, and has established some long-awaited balance. This balance has brought opportunities for both buyers and sellers.Buyers have more selection and are negotiating terms like inspection items and concessions. Sellers are sitting on 6+ years of equity growth, and are now able to sell their home and make a move without fearing where they will land next.Interest rates are still well below the 30-year average, currently hovering just under 5%.We are seeing demand start to re-engage now that the new normal has settled in.

This is only a snapshot of the trends the Seattle Metro area; please contact me if you would like further explanation of how the latest trends relate to you.

2018 was a year of change and growth. The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 92%!Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have experienced, resulting in well-established equity levels.In 2018, inventory averaged 1.5 months,double that of 2017.This caused the month-over-month price gains to slow, and we experienced a price correction over the second half of the year. We expect to see more average levels of price appreciation in 2019 as the market continues to balance out.After six years of expansion resulting in an extreme seller’s market, in 2018 we encountered a market shift in the late spring. Inventory increased, interest rates took a jump, and demand took a step back to re-evaluate the new playing field. This resulted in a tempering of month-over-month price appreciation, and has established some long-awaited balance. This balance has brought opportunities for both buyers and sellers.Buyers have more selection and are negotiating terms like inspection items and concessions. Sellers are sitting on 6+ years of equity growth, and are now able to sell their home and make a move without fearing where they will land next.Interest rates are still well below the 30-year average, currently hovering just under 5%.We are seeing demand start to re-engage now that the new normal has settled in.This is only a snapshot of the trends in north King County; please contact me if you would like further explanation of how the latest trends relate to you.

2018 was a year of change and growth.The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 85%!Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have experienced, resulting in well-established equity levels.In 2018, inventory averaged 1.5 months,double that of 2017.This caused the month-over-month price gains to slow, and we experienced a price correction over the second half of the year.We expect to see more average levels of price appreciation in 2019 as the market continues to balance out.After six years of expansion resulting in an extreme seller’s market, in 2018 we encountered a market shift in the late spring. Inventory increased, interest rates took a jump, and demand took a step back to re-evaluate the new playing field. This resulted in a tempering of month-over-month price appreciation, and has established some long-awaited balance. This balance has brought opportunities for both buyers and sellers.Buyers have more selection and are negotiating terms like inspection items and concessions. Sellers are sitting on 6+ years of equity growth, and are now able to sell their home and make a move without fearing where they will land next.Interest rates are still well below the 30-year average, currently hovering just under 5%.We are seeing demand start to re-engage now that the new normal has settled in.This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

2018 was a year of change and growth.The market shifted from an extreme seller’s market, but still had strong gains. Year-over-year, median price is up 9% and since 2012 has increased 88%!Over the last 19 years, the average year-over-year price increase has been 6%. This puts into perspective the growth we have experienced, resulting in well-established equity levels. In 2018, inventory averaged 1.6 months, higher than 2017. This caused the month-over-month price gains to slow, and we experienced a price correction over the second half of the year. We expect to see more average levels of price appreciation in 2019 as the market continues to balance out.After six years of expansion resulting in an extreme seller’s market, in 2018 we encountered a market shift in the late spring. Inventory increased, interest rates took a jump, and demand took a step back to re-evaluate the new playing field. This resulted in a tempering of month-over-month price appreciation, and hasestablishedsome long-awaited balance. This balance hasbrought opportunities for both buyers and sellers.Buyers have more selection and are negotiating terms like inspection items and concessions. Sellers are sitting on 6+ years ofequity growth, and are now able to sell their home and make a move without fearing where they will land next.Interest rates are still well below the 30-year average, currently hovering just under 5%.We are seeing demand start to re-engage now that the new normal has settled in.This is only a snapshot of the trends in north Snohomish County; pleasecontact me if you would like further explanation of how the latest trends relate to you.

The Windermere Foundation has raised $1,611,802 so far this year, bringing the total amount raised by the Foundation to over $37 million since 1989. Through the third quarter of 2018, $1,214,576 has been donated to local non-profits and charity organizations that provide services to low-income and homeless families.

Through donations from Windermere agents, staff, franchise owners, and the community, the Windermere Foundation has been able to donate to local scholarship programs that help students in need realize their dreams of furthering their education. The following are examples of two programs that have benefitted from Windermere Foundation donations this year.

Seattle Central College Foundation Scholarship Program

Each Windermere office raises its own funds and has a Windermere Foundation account that it can use to make donations to organizations in their local communities. This fall, the Windermere Seattle-Capitol Hill office generously donated to the Seattle Central College Foundation’s scholarship program, which is helping nearly 500 students attend the college this year, relieved of financial stress, and encouraging them to stay committed to their education.

Tammara S., the recipient of the Windermere Real Estate/Capitol Hill Scholarship, said, “I am honored to be the recipient of this scholarship… Attending school with an already tight budget was a hard decision to make. This scholarship will ease the stress of extra debt and the fear of having to choose anything over my education. Thank you, I appreciate your confidence in me and willingness to contribute to my future education.”

University of Washington Certificate Scholarship Program

The Windermere Foundation general fund also made a donation to support the University of Washington Certificate Scholarship program. With the help of UW Certificate Scholarships and the Windermere Foundation, 12 local adults living on low incomes were able to start classes at the University of Washington this fall. These are just a few of the recipients:

Loree, who is studying Fundraising Management:  A stay-at-home mom and active school volunteer/PTA fundraiser. Sadly, Loree recently lost her husband to cancer and has become her family’s primary provider. The certificate program will help her re-enter the workforce. “The scholarship will provide me the freedom to walk the path of discovery as I redefine who I am in this second phase of my life.”

Matthew, who is studying Wetland Science and Management:  A single dad of a 6-year-old, Matthew juggles childcare with full-time work supervising Washington Conservation Corps crews in the King Conservation District. Struggling to pay rent in Seattle, his aim is to move into a better paid job, with a schedule that better lines up with his daughter’s “… and a chance to improve the stability of our natural systems in the face of overwhelming pressures like climate change.”

Syed, who is studying Data Analytics:  Syed moved to the U.S. from Pakistan two years ago with a master’s degree and work experience in statistics. He is having great difficulty finding a job in his field because he has no local work experience or contacts. He is currently working at Walmart as a cashier to support his wife and 1-year-old son. “Completing this program will benefit me tremendously and help me to begin my profession, as a data analyst, in the U.S.”

Tobi, who is studying Project Management:  Tobi works as a corporate relations coordinator at one of the largest food banks in King County, based in South Seattle. She wants to expand her skillset and go on to lead social impact and corporate social responsibility (CSR) programs that ensure the advancement of underrepresented communities. “The skills I learn in this program will equip me to bring more to the table in this work.”

The Windermere Foundation is proud to support wonderful programs such as these that provide continuing education scholarships to those in need. Generous donations to the Windermere Foundation over the years have allowed the Foundation and our Windermere offices to continue to support local non-profits. If you’d like to help support programs in your community, please click on the Donate button.

To learn more about the Windermere Foundation, visit WindermereFoundation.com