First Purchase for Amazon on the Eastside (Potentially)
Amazon is at it once again! According to the Puget Sound Business Journal, Amazon is most likely the buyer of the Bellevue Corporate Plaza, located on 108th Avenue NE in Bellevue. If this were to happen, this would be the first purchase in office space for Amazon on the Eastside. Currently, the tech giant is leasing over
Read More →Seattle-ization: High Housing Costs and Tech Wealth
Seattle-ization: High Housing Costs and Tech Wealth
While Seattle was worried about becoming the next San Francisco, other cities were worried about becoming the next Seattle. For example, many New York City residents are worried about Amazon turning New York into “Seattle on steroids,” according to Vice Magazine. This may sound concerning to think about but it is understandable considering how expensive
Read More →Light Rail Expansion to Bring Closer Relationship Between Bellevue and Seattle
Light Rail Expansion to Bring Closer Relationship Between Bellevue and Seattle
The East Link light rail is set for completion in 2023. The commute between Seattle and Bellevue will be approx. 21 minutes. That’s 25 minutes shorter than the commute we see today! Lester Black, a writer at The Stranger, wrote the article “Is Bellevue the Next Williamsburg,” questioning if trendy cafes, music venues, and breweries
Read More →2019 Economic and Housing Forecast
2019 Economic and Housing Forecast
2019 Economic and Housing Forecast By Matthew Gardner, Chief Economist, Windermere Real Estate/East Inc. What a year it has been for both for the U.S. economy and the national housing market. After several years of above-average economic and home price growth, 2018 marked the start of a slowdown in the residential real estate market. As
Read More →Hines gets permit to build Bellevue Tower – Amazon rumored as tenant
Hines gets permit to build Bellevue Tower – Amazon rumored as tenant
Houston-based Hines has obtained a building permit for a 17-story, 377,000-square-foot Summit III project in downtown Bellevue located at 320 108thAvenue NE. Although it has not yet been confirmed, many believe that Amazon.com Inc. will lease the building once complete. Currently, Hines is looking for a space to pre-lease prior to breaking ground. In
Read More →Where are Home Prices Headed?
Where are Home Prices Headed?
Home price increases in the Puget Sound area have started to moderate. While down from the unsustainable highs of this spring, prices continue to be up compared to a year ago. So, where are home prices headed next? The Home Price Expectation Survey checks in with over 100 national real estate experts every quarter, including Windermere
Read More →Seattle Lands Title of Second Best North American Tech Market
Seattle Lands Title of Second Best North American Tech Market
Seattle is number two on the list for strongest tech market in the U.S. and Canada. According to Real estate firm CBRE’s Scoring Tech Talent report, Seattle led the way in terms of the highest percentage of people with a college degree (63 percent), as well as the greatest population growth since 2011 with close
Read More →Happy Thanksgiving!
Happy Thanksgiving!
May your Thanksgiving be filled with love and cheer, but also with full tummies. Happy Thanksgiving to you and your family! All the best, Julie Scozzafave
Read More →Local Market Update – November 2018
Local Market Update – November 2018
Local Market Update – November 2018 Increased inventory, slower sales and more price reductions all point to a balancing market—welcome news for price-shocked buyers. Sales prices are up from last October and down from the all-time high reached this spring. Despite the slowdown, it’s important to point out that we’re only moving back toward what a normal
Read More →The Gardner Report: Q3 2018
The Gardner Report: Q3 2018
The Gardner Report: Q3 2018 Economic Overview Washington State continues to be one of the fastest growing states in the nation and there is little to suggest that there will be any marked slowdown in the foreseeable future. Over the past year, the state has added 105,900 new jobs, representing an annual growth rate of
Read More →Seattle’s First Light: 47 Story | 459-Home Luxury Condominium Tower
Seattle’s First Light: 47 Story | 459-Home Luxury Condominium Tower
The 47 story, 459-home luxury condominium tower located at Third and Virgina is OPEN for previewing this Saturday, 10/27! First Light features bright + open studio, one bed, two bed, three bed, and penthouse floor plans overlooking all that downtown Seattle has to offer. The top three floors will be dedicated to amenities only, including a soaring lap pool floating
Read More →The Future of Bellevue!
The Future of Bellevue!
This week Don and Julie attended the Bisnow event regarding the Future of Bellevue and they wanted to share some of the highlights. Kemper Freeman was the keynote speaker and he kicked off the morning! Omni, a Canadian developer, plans to build three 600 foot towers on 106th Ave where Barnes and Noble and Doxa Church currently reside. The towers
Read More →Seattle aims to add jobs + subtract emissions
Seattle aims to add jobs + subtract emissions
Growth continues in the Seattle area with currently 65 cranes reshaping the Seattle skyline. According to recent U.S. Census data, Seattle ranked the fastest growing U.S. big city over the last decade due to the booming tech industry. While this may sound like greats news to most, environmentalists are worried. Environmentalists are pushing for
Read More →Local Market Update – October 2018
Local Market Update – October 2018
Local Market Update – October 2018 It appears that balance is slowly returning to the local housing market. Home price growth slowed in September. Inventory continued to climb, but is still far short of the four to six months that indicate a normal market. Homes are staying on the market longer, giving buyers the breathing room
Read More →Condos are Making a Comeback in Seattle + Bellevue!
Condos are Making a Comeback in Seattle + Bellevue!
After building apartments over the past 5 years, developers are now shifting towards condo projects, opening up more homeownership options that are less expensive than single-family homes but still not cheap. The goal is to bring more homeownership opportunities for empty-nesters looking to downsize, millennials, and first-time buyers who are not able to afford
Read More →Dip in Seattle Prices
Dip in Seattle Prices
Seattle and Eastside buyers have seen an increase in inventory and drop in record-setting prices over the last few months. While this may sound like a relief for all buyers, some of those buyers are still unhappy to see that outer areas of the Puget Sound region and neighborhoods with lower price points are still
Read More →5 Dangers of Overpricing a Home
5 Dangers of Overpricing a Home
It is still a great time to be a seller, but the local real estate market has begun to soften. With significant increases in inventory, buyers now have more choices and less sense of urgency. If you are thinking about selling your home, pricing it correctly the first time is critical. Here’s why: 1) If
Read More →Local Market Update – September 2018
Local Market Update – September 2018
The number of homes for sale in August increased dramatically over the same time a year ago. This is the result of a moderate increase in new listings and a much slower pace of sales. Homes are staying on the market longer, giving buyers more choices and more time to make an informed decision. While
Read More →Bellevue Market News
Bellevue Market News
For the first time in years, the real estate market is finally starting to deliver some good news for buyers. Although summer has been smoking hot (literally, as I write this and cannot see more than a few blocks from my Bellevue Towers condo), the real estate market has cooled down. Median prices dropped about 30k in July after
Read More →Seattle No Longer the Fastest Growing Market for Home Value
Seattle No Longer the Fastest Growing Market for Home Value
Over the last three years, Seattle was at the top of the list for being the fastest growing city in the nation for home value growth. Today, Seattle is ranked as number 12 on the list according to Zillow. In 2017, Seattle home prices were appreciating at more than 14 percent per year. This
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