October 2018 Market Snapshot

Can a balanced market be on the horizon?

After 90 days of residential inventory increases in the Metro Seattle area, we are beginning to see signs that a balanced market may be closer than we thought. While median sales price in October dropped a modest 2%, most Seattle neighborhoods have seen more aggressive reductions in August and September. October is the first month we have seen sales numbers increase and inventory numbers decrease at the same time. This may be an indication that prices and inventory are stabilizing. If you have questions about this quickly adapting market and the details that could benefit you, I welcome an opportunity to discuss.

METRO SEATTLE Real Estate Market Update
Metro Seattle residential inventory is DOWN 5% following 90 days of significant increases.

NWMLS Data: OCTOBER 2018 statistics with % change from SEPTEMBER 2018
MEDIAN SALES PRICE: $760,000 -2%

Posted on November 16, 2018 at 8:23 pm
Leah Pham | Category: Market News, Real Estate

Q3 Seattle Metro Housing Report 2018

Posted on October 19, 2018 at 7:00 pm
Leah Pham | Category: Market News, Real Estate

September 2018 Market Snapshot

Seattle’s Real Estate market is slowing                       
The Seattle Real Estate market has shown signs of a slowdown for the third consecutive month. Inventories continue to increase and almost all Seattle neighborhoods showed price declines in August. Buyers and sellers are both watching the market closely for short term indicators. This balancing of our real estate market is healthy. However change can be uncomfortable, having a trusted advisor available to navigate you through the facts will benefit you significantly. There are many reasons our market will continue to lead the nation, I welcome the opportunity to assist.

Both median sales price and average price per square foot have declined for 3 consecutive months and for the first time in more than 4 years.

NWMLS Data: AUGUST 2018 statistics with % change from JULY 2018
MEDIAN SALES PRICE: $760,000     -5%

Posted on September 29, 2018 at 2:51 pm
Leah Pham | Category: Market News, Real Estate

Seattle Metro Real Estate REport 2018 Q2

2018 Q1 vs. Q2 shows a significant change in metro Seattle prices. With an increase of only 4%, this is a stark contrast from
the double-digit jumps observed over the last 4 years. The most compelling data to support the shift, centers around a 97% influx in
inventory and 57% increase in new listings. The last time inventory AND new listings grew in tandem was more than 4 years ago. With
more homes to choose from and moderating sale prices, an uptick in buyer activity is expected.

Posted on July 25, 2018 at 11:50 pm
Leah Pham | Category: Market News, Real Estate

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Leah Pham
Cell | (206) 992-2019
Email | Leah@windermere.com
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  Copyright © 2018 Windermere Real Estate / Wall Street Inc. All rights reserved. LIVE | LOVE | OWN ® is a registered trademark of Windermere Real Estate / Wall Street Inc. Wall Street Group is a trade name of Windermere Real Estate / Wall Street Inc. Windermere Real Estate / Wall Street Inc. does not guarantee the accuracy of information concerning the conditions or features of property provided by sellers or obtained from other sources. Buyer is advised to verify the accuracy of the information independently. This is not intended as a solicitation if your property is currently listed with another broker. Equal Housing Opportunity. You are receiving this email because you opted in to receive emails from LIVE | LOVE | OWN ®. If you wish to change your email preferences, you can click here.  


Posted on May 8, 2018 at 5:58 pm
Leah Pham | Category: Market News, Real Estate

Annual Review 2017

Posted on February 21, 2018 at 8:24 pm
Leah Pham | Category: Market News, Real Estate

2017 in Review

TO the 20 clients who trusted in me to assist them this year with their housing goals:
A Gracious THANK YOU for your support, dedication, hard work, and trust this past year. We’ve had some ups and downs in this feverish market, but It’s truly an honor to be of service and to have helped you either find or sell your most trusted asset. With a full heart, I Thank You so much.

In gratitude,

To celebrate! I’ve listed out the charities I’ve donated to this year. I invite you to let me know if your most favorite charity is missing from this list, and I’ll make a donation in your name to your fav charity {you can post your fav charity name in the comment box below}.

2017 Charitable Giving:
Windermere Foundation
ARC – Associated Rec Council
UW Foundation: Jackson School of Intl Studies
Mary’s Place
Social Justice Fund NW
American Heart Association
White Center Heights PTA
White Center CDA
AH Co-op Preschool
Arthur C. Butler Elem School Fundraiser
Living Wisdom School
American Red Cross


Posted on December 31, 2017 at 7:07 pm
Leah Pham | Category: Real Estate


What is #LiveLoveOwn? Click to find out:

Posted on May 12, 2017 at 8:42 pm
Leah Pham | Category: Design, Market News, Real Estate

2017 Economic & Housing Forecast

Via Matthew Gardner, Windermere Economist, find him on FB

Posted on January 27, 2017 at 12:21 am
Leah Pham | Category: Market News, Real Estate

The Trump effect. How will it impact the US economy and housing?

Posted November 9 2016, 3:30 PM PST by Matthew Gardner, Chief Economist, Windermere Real Estate

Posted in Market News by Matthew Gardner, Chief Economist, Windermere Real Estate

The American people have spoken and they have elected Donald J. Trump as the 45th president of the United States. Change was clearly demanded, and change is what we will have.

The election was a shock for many, especially on the West Coast where we have not been overly affected by the long-term loss in US manufacturing or stagnant wage growth of the past decade. But the votes are in and a new era is ahead of us. So, what does this mean for the housing market?

First and foremost I would say that we should all take a deep breath. In a similar fashion to the UK’s “Brexit”, there will be a “whiplash” effect, as was seen in overnight trading across the globe. However, at least in the US, equity markets have calmed as they start to take a closer look at what a Trump presidency will mean.

On a macro level, I would start by stating that political rhetoric and hyperbole do not necessarily translate into policy. That is the most important message that I want to get across. I consider it highly unlikely that many of the statements regarding trade protectionism will actually go into effect. It will be very important for President Trump to tone down his platform on renegotiating trade agreements and imposing tariffs on China. I also deem it highly unlikely that a 1,000-mile wall will actually get built.

It is crucial that some of the more inflammatory statements that President-Elect Trump has made be toned down or markets will react negatively. However, what is of greater concern to me is that neither candidate really approached questions regarding housing with any granularity. There was little-to-no-discussion regarding housing finance reform, so I will be watching this topic very closely over the coming months.

As far as the housing market is concerned, it is really too early to make any definitive comment. That said, Trump ran on a platform of deregulation and this could actually bode well for real estate. It might allow banks the freedom to lend more, which in turn, could further energize the market as more buyers may qualify for home loans.

Concerns over rising interest rates may also be overstated. As history tells us, during times of uncertainty we tend to put more money into bonds. If this holds true, then we may see a longer-than-expected period of below-average rates. Today’s uptick in bond yields is likely just temporary.

Proposed infrastructure spending could boost employment and wages, which again, would be a positive for housing markets. Furthermore, easing land use regulations has the potential to begin addressing the problem of housing affordability across many of our nation’s housing markets – specifically on the West Coast.

Economies do not like uncertainty. In the near-term we may see a temporary lull in the US economy, as well as the housing market, as we analyze what a Trump presidency really means. But at the present time, I do not see any substantive cause for panic in the housing sector.

We are a resilient nation, and as long as we continue to have checks-and balances, I have confidence that we will endure any period of uncertainty and come out stronger.




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 over 25 years of professional experience both in the U.S. and U.K.

Posted on November 10, 2016 at 1:09 am
Leah Pham | Category: Market News, Real Estate