- Windermere Greenwood

Time for Turkey!


Posted on November 14, 2017 at 7:11 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Windermere Foundation Quarterly Report | Q3 2017

Dear Friends of the Windermere Foundation,

Thanks to the generosity of Windermere agents and the community, the Windermere Foundation collected over $1,537,000 in donations through the third quarter of 2017. This is an increase of nine 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 $34,643,324 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 $1,179,202 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 SafeHouse of the Desert. Safehouse of the Desert provides a “safe” residential environment for children between the ages of 11 to 17 years of age. These young people are the victims of physical and emotional abuse, homeless runaways, victims of human trafficking, emotionally unstable home environments and various other unsafe situations. The facility shelters the children from perpetrators and offers education, therapy, artistic expression, coupled with training for future jobs, skills and coaching in being responsible and making wise choices.

The 16 Windermere Homes & Estates offices  in Southern California (Alpine, Big Bear, Del Mar, Escondido, Fallbrook, La Jolla, Palm Desert, Palm Valley, Plaza at Aviara, Rancho Bernardo, Rancho Bernardo-The Plaza, Santaluz, Scripps Ranch, South Carlsbad-Aviara, Temecula, and Trilogy) pooled their funds together and donated $5,000 for SafeHouse’s emergency shelter. They presented the donation check to SafeHouse on October 11, where they also spent the day cleaning, landscaping, organizing storage rooms, and providing breakfast and lunch at Harrison House, the 15-unit complex located behind the shelter and houses its transitional living program.

When asked why they chose this organization to help, Selina Sullivan, Regional Administrator for Windermere Homes & Estates said, “We recognize that the youth of today represents the future adults of tomorrow. Asking ourselves what we would want that future to look like, we realized that by contributing to this organization, we were impacting that future and contributing to the welfare of ALL children. In a world that is often covered in darkness, we wanted to serve as a beacon for others and to contribute to future generations.”

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

Gratefully,

Christine Wood
Executive Director
Windermere Foundation


Posted on November 3, 2017 at 6:12 pm
Windermere Greenwood | Posted in Windermere Greenwood |

The Gardner Report | Q3 2017

The Gardner Report  | Western Washington Q3 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 added 79,600 new jobs over the past 12 months—an impressive growth rate of 2.4%, and well above the national growth rate of 1.2%. However, as we anticipated in last quarter’s report, we continue to see a modest slowdown in the growth rate as the state grows closer to full employment. Growth has been broad-based, with expansion in all major job sectors other than Aerospace (a function of a slowdown at Boeing). Given the current rate of expansion, I am raising my employment forecast and now predict that Washington will add 81,000 new jobs in 2017.

Given the robust job market, it is unsurprising that the state unemployment rate continues to fall. The current unemployment rate in Washington State is 4.6% and we are essentially at full employment. Additionally, all counties contained within this report reported either a drop or stability in their unemployment rate from a year ago. I maintain my belief that the Washington State economy will continue to outperform the U.S. as a whole. Given such a strong expansion, we should also expect solid income growth across Western Washington.

HOME SALES ACTIVITY


  • There were 25,312 home sales during the third quarter of 2017. This is an increase of 3.6% over the same period in 2016.
  • Clallam County maintains its number one position for sales growth over the past 12 months. Only four other counties saw double-digit gains in sales. This demonstrates continuing issues with the low supply of listings. There were modest declines in sales activity in six counties.
  • The market remains remarkably tight with listing inventory down by 14.2% when compared to the third quarter of 2016. But inventory is up a significant 32% compared to the second quarter of this year. Pending sales rose by 5.2% over the same quarter a year ago, which suggests that closings in Q4 will still be robust.
  • The key takeaway from this data is that inventory is still very low, and the situation is unlikely to improve through the balance of the year.
Annual Change in Home Sales

HOME PRICES


  • Given tight supply levels, it is unsurprising to see very solid price growth across the Western Washington counties. Year-over-year, average prices rose 12.3% to $474,184. This is 0.9% higher than seen in the second quarter of this year.
  • With demand far exceeding supply, price growth in Western Washington continues to trend well above the long-term average. As I do not expect to see the new home market expand at any significant pace, there will be continued pressure on the resale market, which will cause home prices to continue to rise at above-average rates.
  • When compared to the same period a year ago, price growth was most pronounced in Grays Harbor County where sale prices were 20.1% higher than the third quarter of 2016. Nine additional counties experienced double-digit price growth.
  • Mortgage rates in the quarter continue to test the lows of 2017, and this is unlikely to change in the near-term. This will allow home prices to escalate further but I expect we will see rates start to rise fairly modestly in 2018, which could slow price growth.
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 eight days when compared to the same quarter of 2016.
  • King County continues to be the tightest market, with homes taking an average of 17 days to sell. Every county except San Juan saw the days on market drop from the same period a year ago.
  • This quarter, it took an average of 43 days to sell a home. This is down from the 51 days it took in the second quarter of 2016 and down by 8 days from the second quarter of this year.
  • At some point, inventory will start to grow and this will lead to an increase in the average time it takes to sell a house. However, I do not expect that to happen at any time soon. So we remain in a seller’s market.
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 third quarter of 2017, I have left the needle at the same point as the second quarter. Though price growth remains robust, sales activity has slowed very slightly and listings jumped relative to the second quarter. That said, the market is very strong and buyers will continue to find significant competition for accurately priced and well-located homes.

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 October 31, 2017 at 7:32 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Pints for Puerto Rico at Naked City Brewery


Posted on October 25, 2017 at 7:21 pm
Windermere Greenwood | Posted in Windermere Greenwood |

4th Annual Windermere Foundation Golf Tournament

4th Annual Windermere Foundation Golf Tournament

It was a beautiful day on the golf course Monday, September 25 at Sand Point Country Club where 170 golfers came together to celebrate, network, and raise funds for Mary’s Place. The 4th Annual Windermere Foundation golf tournament was a great success; collecting nearly $20,000 that will be donated to Mary’s Place via the Windermere Foundation.

Mary’s Place was established in 1999 as day center for homeless women. Today, using their system of efficiently and effectively converting unused buildings into temporary emergency family shelter, Mary’s Place has 7-night shelters available for moms and dads with children that provide a warm bed, two meals, and a community of support for a total of 680 family members each night.

For the past 28 years, the Windermere Foundation has supported low-income and homeless families. What started in 1989 as a grassroots foundation serving families in need in Washington State, has grown to encompass eleven states and has raised over $33 million for organizations that provide shelter, food, children’s programs, and emergency assistance.

A huge thank you goes out to the sponsors and volunteers who helped make it an exciting and successful event.

Penrith Home Loans

Windermere Property Management/JMW

Demco Law

Granger Family Homes

BMW Seattle

Caliber Home Loans

Mac N Jacks Brewery

ONE Hope Winery

WIN Home Inspection

MOXI Works

Windsor Vineyards

Two Beers Brewing Company

Seattle Cider Company


Posted on October 4, 2017 at 10:58 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Windermere Greenwood Halloween Blood Drive!

Save the Date!
Windermere Greenwood Halloween Blood Drive
Tuesday, October 31st, 1:00 pm – 7:00 pm

 

Get in the spooky spirit by giving blood this Halloween! Bloodworks NW will have a mobile truck in our office parking lot from 1:00 to 7:00 PM.  Please call my office at (206) 527-5250 to reserve a time slot that works for you (some walk-ins can be accommodated).  *You must bring your photo ID

All participants will receive a pair of fangs and be automatically entered to win an invitation to a private party with Seattle Seahawks linebacker Bobby Wagner.  All you have to do is show up and Bleed for the Blue and Green!

 

 

 

 

 

 

 

 

 


Posted on September 28, 2017 at 10:26 pm
Windermere Greenwood | Posted in Windermere Greenwood |

“We’ve Got You Covered” Winter Drive for Homeless Youth

Last year our office collected 200 items for YouthCare, and Windermere collected 3,500 as a whole!  Drop off your donations of new hats, scarves, gloves/mittens, and warms socks to our office between October 16th and November 10th, so we can continue to #TackleHomelessness!

For all participating offices click here.


Posted on September 26, 2017 at 7:18 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Tips to Keep your Garden Alive During the Fall


Posted on September 21, 2017 at 5:55 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Western Washington Pumpkin Patches


Posted on September 21, 2017 at 5:54 pm
Windermere Greenwood | Posted in Windermere Greenwood |

Halloween Events for Kids


Posted on September 21, 2017 at 5:47 pm
Windermere Greenwood | Posted in Windermere Greenwood |