Downtown Bellevue Condo Conversion Project
BREAKING NEWS! The Mirador Apartments located in downtown Bellevue are being converted into condos! According to Downtown Bellevue Network, the apartments were purchased by Intracorp who will be managing the condo conversion project. Today, the building is made up of 162 units with plans to have 6 3 bedroom units, and 18 2 bedrooms
Read More →Seattle Housing Market is Under Pressure as Chinese Buying ‘Dries up’
Seattle Housing Market is Under Pressure as Chinese Buying ‘Dries up’
Over the last two years, Seattle has seen a large increase in both Chinese investors and families, directly impacting Seattle’s housing demand. Between August 2016 and now, home prices in Seattle have increased by 45 percent and up to 54 percent for Chinese buyers. Since 2016, Seattle’s opportunity and growth has increased tremendously becoming more
Read More →Housing crash a distant memory for Seattle homeowners
Housing crash a distant memory for Seattle homeowners
According to Zillow, NOW is the best time to sell in Seattle. Statistics show that 97 percent of homes today are worth more than the peak level during the housing market crash in 2008. “The median home value is 29.2 percent above the bubble peak level, with the average home worth $492,700 – an 11.4
Read More →Economists Predict: Recession Coming
Economists Predict: Recession Coming
The local economy is booming, and nationally we are experiencing the second-longest bull market in history. That’s great news, but it can’t last forever. The economy runs in cycles and we’re long overdue for our overheated market to cool down a bit. According to a survey of top economists by Zillow, almost half of experts said they expect the next recession to
Read More →The Gardner Report – Q2 2018
The Gardner Report – Q2 2018
ECONOMIC OVERVIEW The Washington State economy added 83,900 new jobs over the past 12 months, representing an annual growth rate of 2.5%. This is a slowdown from the last quarter, but employment growth remains well above the national rate of 1.6%. Employment gains continue to be robust in the private sector, which was up by
Read More →Local Market Update – July 2018
Local Market Update – July 2018
July 2018 The local real estate market looks like it might finally be showing signs of softening, with inventory up and sales down. More sellers have opted to put their homes on the market. Inventory was up 47 percent in King County and price increases were in the single digits. Despite the increase in inventory
Read More →Join me in Ballard this Weekend! | 24 Condo Units | #JustListed
Join me in Ballard this Weekend! | 24 Condo Units | #JustListed
Read More →Down Payment Approaches $100K for Median Seattle Homebuyers
Down Payment Approaches $100K for Median Seattle Homebuyers
First-time homebuyers continue to have a hard time dealing with Seattle’s residential housing market. According to Zillow, “a 20 percent down payment for the median Seattle home in April was $98,000.” Competition continues to be fierce for homebuyers as most of Seattle’s popular neighborhoods see competitive offers with at least 20 percent down and waiving
Read More →Microsoft’s New $250M Purchase
Microsoft’s New $250M Purchase
According to GeekWire, Microsoft spent close to $250M for a 725,000-square-foot office complex near the HQ campus. The complex was bought from the Daytona Laguna complex who purchased the campus two years ago for $204M. To put things into perspective, the additional campus adds only 5 percent more office space to the entire Microsoft HQ
Read More →Local Market Update – June 2018
Local Market Update – June 2018
Local Market Update – June 2018 Last month brought some long-awaited, positive news for buyers with May posting the most new listings in over a decade. Despite the uptick in inventory, most homes are selling in less than a month. Prices haven’t been impacted either, with the majority of the region continuing to experience double-digit
Read More →Good News for Seattle Home Buyers
Good News for Seattle Home Buyers
In comparison to last year, the price of a single-family home in King County has increased by 15 percent at $726,275. On the Eastside, the median price of a single-family home reached $960,000 for May 2018. That is a 10 percent increase from the previous year. Interestingly enough, inventory has also increased greatly over the
Read More →Increasing Inventory for Seattle Home Buyers
Increasing Inventory for Seattle Home Buyers
In comparison to last year, the price of a single-family home in King County has increased by 15 percent at $726,275. On the Eastside, the median price of a single-family home reached $960,000 for May 2018. That is a 10 percent increase from the previous year. Interestingly enough, inventory has also increased greatly over the
Read More →Two Seattle Companies Have Built the Smart Home of the Future
Two Seattle Companies Have Built the Smart Home of the Future
Picture this. After a long day in the office, you park your car in the garage and before you enter your home, you click an “I’m home” button from an app on your smartphone, the doors unlock, and all the lights turn on. You enter your house and it’s freezing inside. Why not change the
Read More →To Grow Or Not to Grow. That is Amazon’s Question.
To Grow Or Not to Grow. That is Amazon’s Question.
After the Head Tax … After the City Council passed the head tax on Seattle’s big businesses, Amazon issued a strong statement questioning its growth and future in Seattle. “A major shift in Amazon’s thinking could send thousands of jobs to other cities eager for the kind of growth the company brought to Seattle, and
Read More →Amazon’s Expected to Take Two More Buildings in Bellevue
Amazon’s Expected to Take Two More Buildings in Bellevue
Because of the proposed head tax in Seattle, Amazon is now looking more into Bellevue as the next location for more of its employees in Washington State. Currently, Amazon is pausing its plans for two office building spaces in Seattle until the City Council makes a decision on whether to impose a “per-employee tax on
Read More →Is Tech or the City Responsible for Seattle’s Housing Crunch?
Is Tech or the City Responsible for Seattle’s Housing Crunch?
As of last week, Seattle-based tech companies DocuSign and Smartsheet went public. Both companies opened with higher stock prices than expected that will allow them to hire even more tech employees in the Seattle area. On the tech side of it all, this is a true success story. “But it’s also part of a broader
Read More →The Gardner Report – Q1 2018
The Gardner Report – Q1 2018
ECONOMIC OVERVIEW The Washington State economy added 96,900 new jobs over the past 12 months, representing an annual growth rate of 2.9%—still solidly above the national rate of 1.5%. Most of the employment gains were in the private sector, which rose by 3.4%. The public sector saw a more modest increase of 1.6%. The strongest
Read More →Apple Expands Again in Seattle
Apple Expands Again in Seattle
Apple is expanding once again in downtown Seattle in one of the city’s tallest skyscrapers, Two Union Square, a 56-story office tower. This expansion is adding space for a capacity of 500 Apple employees across five different floors. Apple first established it’s Seattle marking in 2014 with its 2014 acquisition of Union Bay Networks. In
Read More →Local Market Update – April 2018
Local Market Update – April 2018
Local Market Update – April 2018 Despite the typical seasonal surge in new listings, supply in our area continued to fall far short of demand in March. With just two weeks of available inventory in every market, competition for homes is intense. The result was another month of double-digit price increases as compared to a
Read More →Is your Home ready for the Market?
Is your Home ready for the Market?
When your home is outdated, the effects it can have on potential homebuyers is something to take into consideration. Design is an underrated concept to most, however to new homebuyers this is a huge factor in making the decision to write an offer. In this market, fresh, modern, open updates reflect to buyers that the
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