Page not found – Leah Davidson https://windermereleah.com Seattle Area Real Estate, Leah Davidson, Managing Broker, Realtor Mon, 26 Feb 2024 22:38:47 +0000 en-US hourly 1 Celebration List 2023 https://windermereleah.com/2024/01/03/celebrating-2023 https://windermereleah.com/2024/01/03/celebrating-2023#respond Wed, 03 Jan 2024 02:11:52 +0000 https://windermereleah.com/?p=28733 In celebration of my closings for 2023!   For each of my clients final closing gift, I asked them to choose their most favorite charity, and here’s who I was able to support through a donation on my client’s behalf to their most cherished non-profits:   West Seattle Food Bank  – https://westseattlefoodbank.org/ United Way https://www.uwkc.org/ Highline […]

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In celebration of my closings for 2023!   For each of my clients final closing gift, I asked them to choose their most favorite charity, and here’s who I was able to support through a donation on my client’s behalf to their most cherished non-profits:

 

West Seattle Food Bank  – https://westseattlefoodbank.org/
United Way https://www.uwkc.org/
Highline Schools Foundation https://highlineschoolsfoundation.org/
Windermere Foundation (donated each month)
Sam Smith Hi Neighbor Fund https://www.homesightwa.org/sam-smith-hi-neighbor-homeownership-fund/
New Horizons https://volunteer.uwkc.org/agency/detail/?agency_id=58920
No Husky Goes Hungry https://www.washington.edu/anyhungryhusky/the-uw-food-pantry/
Northwest Harvest https://www.northwestharvest.org/
Grapevine  https://www.grapevine.org/
Marys Place (donated 3x in 2023!) https://www.marysplaceseattle.org/
Red Cross https://www.redcross.org/local/washington/about-us/locations/king-county.html
Run to Win https://www.runtowin.org/

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Happy Holidays! https://windermereleah.com/2023/12/22/happy-holidays https://windermereleah.com/2023/12/22/happy-holidays#respond Fri, 22 Dec 2023 18:44:07 +0000 https://windermereleah.com/?p=28721   It’s the time of year for festivity & fun. May your home be filled with warmth & happiness, and may the holiday season bring you joy! LEAH DAVIDSON Managing Broker Leah@windermere.com 206.992.2019 windermereleah.com Windermere Real Estate Midtown 214 W McGraw St. | Seattle, WA 98119 US View online | Manage | Unsubscribe | Sign up  This email was sent to leah.windermere@gmail.com. To […]

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Buyer Broker Agreements https://windermereleah.com/2023/12/14/buyer-broker-agreements https://windermereleah.com/2023/12/14/buyer-broker-agreements#respond Thu, 14 Dec 2023 23:16:07 +0000 https://windermereleah.com/?p=28709 Starting January 1 2024, the agency statute, RCW 18.86 et seq takes effect.  The new agency law requires that a broker obtain a services agreement before or as soon as reasonably practical after rendering real estate brokerage services. When you choose to work with me, we will execute an agreement, called Windermere Form 28.B or […]

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Starting January 1 2024, the agency statute, RCW 18.86 et seq takes effect. 
The new agency law requires that a broker obtain a services agreement before or as soon as reasonably practical after rendering real estate brokerage services.

When you choose to work with me, we will execute an agreement, called Windermere Form 28.B or a NWMLS form 41, which will establish Agency, as well as:

a. Pamphlet. Buyer acknowledges receipt of the pamphlet entitled “Real Estate Brokerage in Washington.”
b. Broker Appointment. Firm appoints the above-named Broker(s) to represent Buyer. This Agreement creates an agency relationship with Broker(s) and any of Firm’s managing brokers who supervise Broker(s). Firm may appoint additional brokers to represent Buyer.
c. Agency Relationship. Firm and Broker’s agency relationship with Buyer shall be  (“Exclusive” if neither is checked) >  Exclusive: Buyer may not enter into an agency relationship with other real estate firms or brokers during the Term

Ask me for a copy of the Windermere Form 28.B or NWMLS For 41 to read more

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Get the W Report | Oct 2023 https://windermereleah.com/2023/10/30/get-the-w-report-oct-2023 https://windermereleah.com/2023/10/30/get-the-w-report-oct-2023#respond Mon, 30 Oct 2023 17:04:44 +0000 https://windermereleah.com/?p=28703 Local market update. Low inventory has kept King County home sales pretty quiet of late, although the market is seeing some year-over-year price gains. With stock so depleted, it’s likely unit sales will remain suppressed for the remainder of the year. Find our full market recap here. News + trends. [THE STATE OF] REAL ESTATE […]

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Luxury Living on the Top of Queen Anne https://windermereleah.com/2023/10/08/luxury-living-on-the-top-of-queen-anne https://windermereleah.com/2023/10/08/luxury-living-on-the-top-of-queen-anne#respond Sun, 08 Oct 2023 18:20:11 +0000 https://windermereleah.com/?p=28689 The post Luxury Living on the Top of Queen Anne appeared first on Leah Davidson.

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Office Disclosure Packet https://windermereleah.com/2023/09/23/office-disclosure-packet https://windermereleah.com/2023/09/23/office-disclosure-packet#respond Sat, 23 Sep 2023 18:31:17 +0000 https://windermereleah.com/?p=28677 My office requires I deliver to you a copy of our Office Disclosures, please let me know if you’d prefer a hard copy (59pgs): Click to view IDRpacket:  IDRpacket

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My office requires I deliver to you a copy of our Office Disclosures, please let me know if you’d prefer a hard copy (59pgs):
Click to view IDRpacket: 

IDRpacket

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Get the W Report | Sept 2023 https://windermereleah.com/2023/09/14/get-the-w-report-sept-2023 https://windermereleah.com/2023/09/14/get-the-w-report-sept-2023#respond Thu, 14 Sep 2023 18:00:33 +0000 https://windermereleah.com/?p=28669   LOCAL MARKET UPDATE ·2 min read Local Market Update – September 2023 As summer draws to a close, the local housing market remains somewhat unsettled. This is due to persistently high interest rates that have caused buyers to pause and sellers to hold onto their pandemic-era mortgage rates, as well as low inventory increasing […]

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Local Market Update – September 2023

As summer draws to a close, the local housing market remains somewhat unsettled. This is due to persistently high interest rates that have caused buyers to pause and sellers to hold onto their pandemic-era mortgage rates, as well as low inventory increasing competition for the available listings. Sold home prices in some areas have begun to see year-over-year price increases in relation to the slowdown that hit the market at the end of last year.

Windermere’s Chief Economist Matthew Gardner remarked on this trend. “Historically, the number of homes for sale slows in August,” he said. “Where sales did occur, prices rose between July and August in King and Pierce counties.” Gardner also described these conditions as “very unique times” in the housing market.

While these conditions may be challenging to navigate, sellers are still finding success with correctly-priced listings. New listings are attracting multiple offers and often sell over list price. Buyers who come prepared with strategic offers and a willingness to waive contingencies can break into the market with the guidance of a savvy broker.

King County was one of the regions that saw year-over-year price gains. The median price for a single-family home rose 0.7% from $899,999 in August 2022 to $906,250 last month. Condos saw even bigger gains, likely due to their better affordability for new homebuyers. The median price for condos in August was $525,000, up 8.25% from $485,000 the same time a year ago.

The Seattle market hasn’t quite caught up to its pricing from this time last year. There, the median price for single-family homes in August was $899,000, down about 3% from $927,000 in August 2022. On the other hand, the condo market saw a 10.5% price increase year-over-year, rising from $520,000 in 2022 to $575,000 last month.

Eastside median sold prices fared better. After a somewhat sluggish summer in terms of pricing, last month the median price for single-family homes rose to $1,453,000. That’s an increase of 7.6% from $1,350,000 in August 2022. Condos in the area also saw price growth, with median sold prices increasing 5.4% from $569,000 last year to $600,475 in August.

Like Seattle, Snohomish County also hasn’t caught up to its 2022 prices, though this is likely because the county had fewer fluctuations in the last year and may be experiencing the typical end-of-summer slowdown that is common in the housing market. There, the median price for single-family homes was down 2.6% from $749,999 last August to $730,563 this year. The condo market was virtually unchanged in pricing, increasing from $474,999 in August 2022 to an even $475,000 last month.

In all the areas mentioned above, condos generally saw the most notable price gains. This is likely due to their greater affordability for first-time homebuyers and those in the median price-bracket. With interest rates still fluctuating, many buyers are rethinking their plans and may be pivoting to the condo market, thus driving up demand and prices.

Matthew Gardner sees the current real estate market as still “lack[ing] direction,” due to the ongoing interest rate issues. He says “it likely won’t find its footing until mortgage rates start to pull back, which I expect to see as we enter the fall months – and assuming the U.S. economy continues to moderate.”

The remainder of the year will set the tone for how the market looks in 2024. Until then, your Windermere broker can help you navigate these changing conditions and find a strategy that’s best for your buying or selling journey.

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Prepare for your Home Inspection with Brandal at V.i. Inspections https://windermereleah.com/2023/09/05/preparing-for-your-home-inspection-with-brandal-at-v-i-inspections https://windermereleah.com/2023/09/05/preparing-for-your-home-inspection-with-brandal-at-v-i-inspections#respond Tue, 05 Sep 2023 01:13:41 +0000 https://windermereleah.com/?p=28657 Prepare for a successful home inspection with Brandal Gehr, owner of V.i. Inspections Inc   V.i. Inspections Inc. WA St Lic #247

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Prepare for a successful home inspection with Brandal Gehr, owner of V.i. Inspections Inc

 

V.i. Inspections Inc.

WA St Lic #247

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What is happening with home prices? https://windermereleah.com/2023/08/22/what-is-happening-with-home-prices https://windermereleah.com/2023/08/22/what-is-happening-with-home-prices#respond Tue, 22 Aug 2023 15:23:10 +0000 https://windermereleah.com/?p=28653 Our Windermere Chief Economist, Matthew Gardner, discusses: What is Happening with Home Prices?

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Our Windermere Chief Economist, Matthew Gardner, discusses: What is Happening with Home Prices?

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Get the W Report | July 2023 https://windermereleah.com/2023/07/23/get-the-w-report-july-2023 https://windermereleah.com/2023/07/23/get-the-w-report-july-2023#respond Sun, 23 Jul 2023 18:27:43 +0000 https://windermereleah.com/?p=28649 LOCAL MARKET UPDATE ·2 min read Local Market Update – July 2023 This summer’s local housing market is seeing low inventory feed higher prices, putting the squeeze on would-be buyers. June is typically the month where home prices reach their apex, and last month was no exception as King and Snohomish counties’ prices neared the […]

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Local Market Update – July 2023

This summer’s local housing market is seeing low inventory feed higher prices, putting the squeeze on would-be buyers. June is typically the month where home prices reach their apex, and last month was no exception as King and Snohomish counties’ prices neared the peaks seen during the sugar high of the pandemic market.

Approximately 80% of recent transactions have been in the more affordable and mid-price ranges, which are nearly sold-out at the moment. Because of this, multiple offers and offers over list price were more prevalent in June’s closed home sales than at any other point this year.

Windermere’s Chief Economist Matthew Gardner addressed the inventory shortfall. “The number of homes for sale in the Central Puget Sound area in June was down 48% from the same month in 2019 (pre-pandemic),” he said. “I believe much of the reason for this is that almost 33% of in-state homeowners have mortgage rates at or below 3%, and 87% of owners have rates below 5%. There is little incentive to list your home for sale if you don’t have to.”

In King County, the median sold price for a single-family home landed at $935,000 in June. This is just a notch below the median price of $938,225 in June 2022. The scarce inventory has caused buyers to compete more aggressively and sellers to list higher, thus leading to comparable peaks as the pandemic market in summer 2022. Likewise, condos were up from $525,000 June 2022 to a median of $529,975 last month.

In Seattle, June’s median sold price for a single-family home was $930,000, down 7% from June 2022. Condo prices in the city were up year-over-year, with a median price of $550,000—an increase from $538,700 last June. This jump could be due in part to rising residential prices pushing some buyers into the more affordable condo market.

The Eastside, meanwhile, is seeing sales activity slow because of extremely limited supply. The level of new inventory coming onto the market is just 44% of the 10-year average. As a result, median prices have held strong. In June, the median sold price for an Eastside single-family home was $1,450,000, barely off last June’s mark of $1,500,000.

In Snohomish County, the median price for a single-family home last month was $774,975, down from $799,950 in June 2022. Condos actually saw a year-over-year price increase, from $500,000 last June to a median of $506,000 last month. The strength of Snohomish County condo prices is likely tethered to low inventory—there is just over a two week-supply of condo units in the area.

Economist Matthew Gardner notes that “Sale prices in King and Snohomish counties rose for the fifth consecutive month and are only modestly lower than a year ago. It will be interesting to see if this trend can continue given the stubbornly high mortgage rates.”

Despite the high interest rates and scant supply, buyers who are educated on the market and working with a trusted broker should be able to navigate these changing market conditions. For more information on how you can make the most of your real estate endeavors, reach out to Me, I’m here to help!

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