- Windermere Greenwood

UW & WSU Football Schedules


Posted on August 22, 2017 at 5:27 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Preparing Your Home for Fall


Posted on August 22, 2017 at 4:34 pm
Windermere Greenwood | Posted in Windermere Greenwood |

The Gardner Report | Second Quarter 2017

The Gardner Report  | Western Washington Q2 2017

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 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 income growth in the second half of the year. I still believe that the state will add around 70,000 jobs in 2017.

Washington State, as well as the markets that make up Western Washington, continue to see unemployment fall. The latest state-wide report now shows a rate of 4.5%—the lowest rate since data started to be collected in 1976.

I believe that growth in the state will continue to outperform the U.S. as a whole and, with such robust expansion, I would not be surprised to see more people relocate here as they see Washington as a market that offers substantial opportunity.

HOME SALES ACTIVITY


  • There were 23,349 home sales during the second quarter of 2017. This is an increase of 1.1% from the same period in 2016.
  • Clallam County maintains its position as number one for sales growth over the past 12 months. Double-digit gains in sales were seen in just three other counties, which is a sharp drop from prior reports. I attribute this to inventory constraints rather than any tangible drop in demand. The only modest decline in sales last quarter was seen in Grays Harbor County.
  • The number of homes for sale, unfortunately, showed no improvement, with an average of just 9,279 listings in the quarter, a decline of 20.4% from the second quarter of 2016. Pending sales rose by 3.6% relative to the same quarter a year ago.
  • The key takeaway from this data is that it is unlikely we will see a significant increase in the number of homes for sale for the rest of 2017.
Annual Change in Home Sales

HOME PRICES


  • Along with the expanding economy, home prices continue to rise at very robust rates. Year-over-year, average prices rose 14.9%. The region’s average sales price is now $470,187.
  • Price growth in Western Washington continues to impress as competition for the limited number of homes for sale remains very strong. With little easing in supply, we anticipate that prices will continue to rise at above long-term averages.
  • When compared to the same period a year ago, price growth was most pronounced in San Juan County where sale prices were 29.2% higher than second quarter of 2016. Eight additional counties experienced double-digit price growth.
  • The specter of rising interest rates failed to materialize last quarter, but this actually functioned to get more would-be buyers off the fence and into the market. This led to even more demand which translated into rising home prices.
Western Washington Heat Map
Annual Change in Home Sale Prices

DAYS ON MARKET


  • The average number of days it took to sell a home in the quarter dropped by 18 days when compared to the same quarter of 2016.
  • King County remains the tightest market; homes, on average, sold in a remarkable 15 days. Every county in this report saw the length of time it took to sell a home drop from the same period a year ago.
  • Last quarter, it took an average of 48 days to sell a home. This is down from the 66 days it took in the second quarter of 2016.
  • Given the marked lack of inventory, I would not be surprised to see the length of time it takes to sell a home drop further before the end of the year.
Average Days on Market

CONCLUSIONS


Market Speedometer
This speedometer reflects the state of the region’s housing market using housing inventory, price gains, home sales, interest rates, and larger economic factors. For the second quarter of 2017, I moved the needle a little more in favor of sellers. To define the Western Washington market as “tight” is somewhat of an understatement. Inventory is short and buyers are plentiful. Something must give, but unless we see builders delivering substantially more units than they have been, it will remain staunchly a sellers’ market for the balance of the year. Furthermore, increasing mortgage rates have failed to materialize and, with employment and income growth on the rise, the regional housing market will continue to be very robust.

ABOUT MATTHEW GARDNER


Matthew Gardner is the Chief Economist for Windermere Real Estate, specializing in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has more than 30 years of professional experience both in the U.S. and U.K.

Posted on August 17, 2017 at 7:13 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Art Walk at Windermere Greenwood Friday 8/11

Come enjoy snacks, wine, and the work of local artist Meggi MacKenzie this Friday at Windermere Greenwood

Friday, August 11, 6-9pm
at Windermere Greenwood

311 N 85th St, Seattle WA 98103

Please join us in celebrating local artist Meggi MacKenzie this upcoming Friday from 6-9pm at Windermere Greenwood, as part of the ArtUp PhinneyWood Art Walk. We’ll be serving wine and snacks at this fun summer soirée, so please feel free to share this invitation with your friends. Take in the beautiful work of our artist and maybe take something home with you!

 

 


Meggi MacKenzie, Plein Aire Artist | I recently returned to Seattle from Santa Barbara, CA as I was born & raised here and 3 of my 4 daughters & 5 grandchildren live here. My art experience began in my early formative years:  I would lay on the living room floor in front of the picture window of my neighbor, coloring in my Betty Grable crayon book. I attended McGilvra Grade School, Meany Junior High and Garfield, where I continued to paint, graduating in 1957 and continuing my interest in art and architecture at UW for 2 years. I then worked as Secretary to the off-line Japan Air Lines District Manager before marriage. My 1st house was in Sand Point Country Club, where my 4 daughters grew up. I moved to Santa Barbara in 1985 with Michon and Jennifer and took advantage of free art lessons by accomplished local artists. I joined a pleine aire art group, S-C-A-P-E, Southern California Artists Painting for the Environment. I was Paint-Out Chair, organizing monthly paint outs in the local areas of Santa Barbara County 11 months of the year. Then I was invited to join the Board of Directors and voted President for 4 terms of 2 years. I continued on the Board until a few years ago. I am now interested in painting with local artists in the environment.
Contact: meggimac@gmail.com or (805) 284-2730


Posted on August 9, 2017 at 9:23 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Blue Angels Practice & Show Schedule


Posted on July 28, 2017 at 6:06 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Windermere Summer Splash at Green Lake

Join us on Saturday, August 19 from 9:00 am to 3:00 pm at the Southwest corner of Green Lake in Seattle, for this FREE community event celebrating summer fun and healthy activities for families.
The day is jam packed with fun, including a family fun fair with exciting vendors, a mini rowing regatta featuring local corporate teams, and an opportunity to try water sports including canoing, kayaking, rowing and paddle boarding. Bring your kids, grandkids, and dogs on down to the lake for some fun in the sun!


Posted on July 21, 2017 at 9:47 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Vacation Home Security Checklist


Posted on July 21, 2017 at 9:34 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Seattle Seahawks 2017 Schedule


Posted on July 18, 2017 at 9:06 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Windermere Foundation Report – Q2 2017

Dear Friends of the Windermere Foundation,Thanks to all of you, the Windermere Foundation collected over $903,500 in donations through the second quarter of 2017. This is an increase of 10 percent compared to this time last year! Individual contributions and fundraisers accounted for 62 percent of the donations, while 38 percent came from donations through Windermere agent commissions. So far, we have raised a total of $34,009,527 in donations since 1989.

Each Windermere office has its own Windermere Foundation fund account that they use to make donations to organizations in their communities. Year to date, a total of $979,486 has been disbursed to non-profit organizations dedicated to providing services to low-income and homeless families throughout the Western U.S.

One organization that has been the recipient of Windermere Foundation funds is the League of United Latin American Citizens (LULAC) National Scholarship Fund. LULAC has considered education its number one priority since it was established in 1929. The scholarship fund was established in 1975 to provide scholarships to help Hispanic youth in underserved communities make the dream of college enrollment a reality. Former recipients of LNSF scholarships are now leaders in fields of business, science, government, and education.  A rigorous selection process assures the expectation that future recipients will demonstrate the same level of excellence.

Last year, the Windermere office in Salinas, CA supported LULAC’s scholarship fund with a $1,000 donation, and will be making this donation annually. Christopher Barrera, Realtor and President of LULAC Salinas Council #2055, says “I am proud to be associated with such a great organization like Windermere Valley Properties in Salinas, and it’ll be an honor to present a check to LULAC on behalf of Windermere and the Windermere Foundation.” Each year, the LULAC Salinas Council holds a Black & White Ball to raise money for the scholarship fund. Monies raised are matched by LULAC national. There were 14 scholarships awarded in 2016. Thanks to the $15,000 raised through their event, matching funds from LULAC national, and a donation from the Windermere Foundation, they will be awarding 39 scholarships at a presentation ceremony on July 29 in Old Town Salinas.

Generous donations to the Windermere Foundation over the years have enabled Windermere offices to continue to support local non-profits like LULAC. If you’d like to help support programs for low-income and homeless families in your community, please click on the Donate button.


Posted on July 17, 2017 at 10:44 pm
Windermere Greenwood | Posted in Windermere Greenwood |

ArtUp PhinneyWood at Windermere Greenwood Friday July 14th!

 

Come enjoy local artists, snacks & wine this Friday at Windermere Greenwood!

Friday, July 14, 6-9pm
at Windermere Greenwood

311 N 85th St, Seattle WA 98103

 

Please join us in celebrating local artists Barb Gipple and Mary Powers, this upcoming Friday from 6-9pm at Windermere Greenwood as part of the ArtUp PhinneyWood Art Walk. We’ll be serving wine and snacks at this fun summer soirée, so please feel free to share this invitation with your friends. Take in the beautiful work of our artists, and maybe take some art home with you:

 

BARB GIPPLE is a Seattle artist who draws and paints with oilsticks and graphite on paper.  She looks to urban street painting (graffiti) for inspiration – with its informality, spontaneous gesture, multi-textured surfaces and unexpected color. Surrounded by the Olympic and Cascade mountain ranges, Puget Sound, rainforests and the rich countryside of the Pacific Northwest, landscape imagery is exerting a stronger presence in her artwork; her tabletop still-lives are giving way to energetic compositions of mountains, foothills and water vistas. Gipple has a BFA (PNCA, Portland, OR) and an MFA (Columbia University, NYC) in drawing and painting.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MARY POWERS gives new life to antique jewelry using pieces from the Victorian era, 1920’s beads, and reworked chain.


Posted on July 12, 2017 at 9:42 pm
Windermere Greenwood | Posted in Windermere Greenwood |