Windermere Foundation: Providing Scholarships and Supplies to Students in Need

by Marilou Ubungen originally posted on the Windermere blog

Education First Scholarship Program

It’s that time of year again! As families prepare to send their kids back to school, Windermere agents have been out in their communities raising money to support programs that provide school supplies and scholarships to students in need.

These are a just a few examples of how Windermere agents are making a difference.

Seattle, WA:  For the second year in a row, agents with the Windermere Wall Street Group offices have pooled their local Windermere Foundation funds to sponsor college scholarships for low-income youth who strive to improve their lives. Through a partnership with Education First, students receive tuition assistance along with access to college coaching services to stay on track.

The Windermere Wall StreetMagnolia, and Queen Anne offices used their funds to sponsor Yosef Yirdaw, who plans to study computer science at Eastern Washington University. Originally an orphan from Ethiopia, he shined in high school with both academics and cross country.

The Windermere office in West Seattle sponsored Brandon Olivera, a Chief Sealth High School graduate heading to the University of Washington, who is setting an example for his younger brothers to follow. During high school, Brandon spent many hours working in his father’s restaurant while making sure to help his siblings with their homework.

Both scholars will be the first in their families to attend college. The Windermere Wall Street Group offices have generously donated a total of $12,000 to Education First’s scholarship program since 2016.

 

Equipped 4 Success School Supply Drive

Alameda, CA:  Through the Windermere Foundation, Windermere Bay Area Properties offices donated $1,000 to the Alameda Education Foundation (AEF) to purchase new backpacks and supplies for their Equipped 4 Success School Supply Drive. Contributions to the drive provide homeless, formerly homeless, and low-income students with the materials they need to be ready to learn on the first day of school.

The mission of the Alameda Education Foundation is to engage the community, raise funds, and coordinate programs to support and enhance the quality of K-12 public education in Alameda.

 

Make The “Change” For Lewis County

Centralia, WA:  On August 21, the Windermere Centralia office teamed up with KELA/KMNT Radio to host the Make The “Change” For Lewis County fundraising event. A school bus was parked next to the Windermere office to collect school supplies, checks, cash or change, and KELA/KMNT Radio was on site broadcasting live from the event. Over $2,000 worth of school supplies were collected for Lewis County schoolkids in need.

 

High Point Healthy Families Celebration

Seattle, WA:  Approximately 830 community members attended this annual event on August 15 hosted by Neighborhood House, whose mission is to partner with diverse individuals and families to build community and achieve their goals for health, education, and self-sufficiency. With the help of a $3,000 donation from the Windermere Foundation, Neighborhood House was able to purchase enough school supplies to stuff 500 backpacks and serve 100 more school-aged youth than last year. Seattle Mayor Jenny Durkan was also on hand at the event to help distribute backpacks.

Thanks to the generous donations and support of Windermere owners, agents, staff, and the public, the Windermere Foundation has been able to raise over $36 million since 1989 to support local non-profit organizations that provide services to low-income and homeless families in our communities. If you’d like to help support programs in your community, please click on the Donate button.

To learn more about the Windermere Foundation, please visit WindermereFoundation.com.

First posted at windermere-bellevue.com

Posted on September 12, 2018 at 4:23 pm
Oleg Doukhnevitch | Category: Donate, Windermere Bellevue Commons News | Tagged , , , , ,

Dear Washingtonians, Adventure Season Is NOT Over

Little Owl Cabin, Mt. Rainier

 

Labor Day weekend is upon us which usually marks the end of adventure season. But it doesn’t have to! The Pacific Northwest is home to endless beautiful spots for hiking, camping, winter sports, and more. So even though we’re about to head into the quiet months, you can still get out and explore in the fresh air or cozy up in a cabin like this one on Mt. Rainier. Check it out.

Posted on September 5, 2018 at 6:03 pm
Oleg Doukhnevitch | Category: windermere, Windermere Bellevue Commons News | Tagged , , , , ,

What’s Happening in the Market in June 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 and slowdown in sales, it’s still a solid seller’s market. Over half the properties purchased in June sold for more than list price.

Eastside

>>>Click image to view full report.

 

A booming economy offered little price relief for buyers looking on the Eastside. In a recent study of economic strength by state, Washington ranked number one in the country. An additional report targeting cities ranks the Seattle-Bellevue-Tacoma market as the nation’s fourth strongest economy. The median price of a single-family home on the Eastside rose 10 percent over a year ago to $977,759 setting another record. There is some good news for buyers. Inventory rose to its highest level in three years, with the number of homes for sale increasing 46 percent from the same time last year.

King County

>>>Click image to view full report.

 

The number of homes on the market in King County soared 47 percent from a year ago, the biggest increase since the housing bubble burst. Despite the increase, there is just over one month of available inventory, far short of the four to six months that is considered a balanced market. The median price of a single-family home increased 9 percent over last June to $715,000. That’s down 2 percent from the $726,275 median in May. Home prices haven’t dropped from May to June in King County since the last recession.

Seattle

>>>Click image to view full report.

 

Seattle trails only Bay Area cities when it comes to greatest profits for home sellers. That may help explain the surge in inventory in June. For example, the number of homes for sale in the popular Ballard/Green Lake area doubled from a year ago. Even though buyers are finally getting more choices, demand still exceeds supply. Homes sell faster in Seattle than in any other U.S. real estate market. That demand propelled the median price of a single-family home to $812,500; up 8 percent over last June and down from the record $830,000 set in May.

Snohomish County

>>>Click image to view full report.

 

The largest jump in home prices in the region came in Snohomish County. While higher-priced markets in King County are seeing increases slowing slightly, the median price of a single-family home here jumped 14 percent to $511,500, a new high for the county. Buyers willing to “keep driving until they can afford it” are finding Snohomish County an appealing destination.

 This post originally appeared on windermere-bellevue.com
Posted on August 8, 2018 at 4:39 pm
Oleg Doukhnevitch | Category: Home Buying, Market Stats, Real Estate News, seattle, windermere | Tagged , , , , , , , ,

How Will the Real Estate Market Respond to Rising Interest Rates?

Let Windermere Real Estate’s Chief Economist Matthew Gardner walk you through what to expect from the real estate market amidst rising interest rates.​

This post originally appeared on windermere-bellevue.com

Posted on August 8, 2018 at 4:27 pm
Oleg Doukhnevitch | Category: Home Buying, Market Stats, Real Estate News, Real Estate Tips, seattle, Uncategorized, windermere, Windermere Bellevue Commons News | Tagged homeless | Tagged , , , , , , , ,

How Facebook and Microsoft multi-million expansion projects are going to change Redmond?

Two IT giants are planning to expand their campuses in Redmond at the same time.

Facebook has spent $106 million on construction and development permits for Oculus offices in Redmond over the last three years. And in 2018 alone, Facebook spent $88.3 million on Oculus -related permits for as many as eight new offices in the area. BuildZoom’s analysis identifies five properties, in particular, all on Willow Road in Redmond, that span more than 90,000 square feet of lab and office space. Those locations are 10545 Willows Rd., 10785 Willows Rd., 9805 Willows Rd., 9845 Willows Rd. and 9461 Willow Road.

Microsoft will construct 18 new buildings on the campus over the next five to seven years,  which currently has 80. It will renovate several other buildings to give them a modern, open feel.

Posted on July 26, 2018 at 4:39 pm
Oleg Doukhnevitch | Category: Market Stats, Real Estate News, seattle | Tagged , , , , ,

Eastside Statistics Slideshow Template – July 2018

Posted on July 18, 2018 at 8:33 pm
Oleg Doukhnevitch | Category: Home Buying, Market Stats, Real Estate News, seattle | Tagged , , , , , , , , , , ,

What’s Happening in the Market in May 2018?

Here are the Current stats via “What’s Happening in the Market” for the month of May 2018 for Eastside (based on Residential and Condominium report):

  • Is the market shifting? It is too early to call and the real estate statistics show demand still far exceeding supply, however still low, there has been a significant increase in inventory.
  • Number of properties for sale is increasing:

o             1,230 active properties for sale is the highest number in the past 20 months or since August 2016.

o             Active inventory is up 350 properties or 40% compared to a year ago (May 2018 = 1,230 vs May 2017 = 880)

  • Statistics indicating more demand than supply:

o             Less than one month’s supply of inventory.

             0.9 May 2018 vs 0.6 May 2017 vs 0.8 May 2016 vs 1.1 May 2015

o             Sales prices on closed May sales are up 14% to $859,950 vs $753,750 May 2017.

o             58% of houses sold over list price compared to 62% in April 2018 and 61% in May 2017

The increased inventory means Sellers and listing brokers will need to consider active competition.  Condition, marketing and pricing will be more important with rising inventory.

April-2018-YTD-Residential-Stats.jpg

Posted on June 13, 2018 at 5:17 pm
Oleg Doukhnevitch | Category: Market Stats, Real Estate News, seattle | Tagged , , , , ,

Snowless BBQ & photos from event

We had another amazing BBQ in March 2018. Over 200 people joined us for the Spring celebration. We look forward to our future events!

This event would never be possible without our clients and partners. We are glad that we became a reliable resource for people and we hope to bring you more value.

Special thanks to our partners who participated in the organization – Michael Milirud, Sergey Podlazov, and many others who made this event possible.

Continue reading

Posted on March 12, 2018 at 9:31 pm
Oleg Doukhnevitch | Category: Events, Spring | Tagged , , ,

Study Shows “Millennials Deserve More Credit”

Study Shows "Millennials Deserve More Credit" | MyKCM

When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it’s the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that millennials jump from job to job, the majority of these stereotypes paint the generation in a negative light.

A new study by Bank of America entitled Better Money Habits Millennial Report recently came to the defense of the generation when it reported that:

“Millennials deserve more credit – both from themselves and from others – for their mindfulness when it comes to money and their lives.”

Here are some key takeaways from the study proving that millennials deserve more credit for what they are already doing:

  • 63% are saving – (47% have $15,000 or more in savings)
  • 54% are budgeting – (73% who have a budget stick to it every month)
  • 57% have a savings goal – (67% who have a goal stick to it every month)
  • 46% have asked for a raise in the past 2 years – (80% who asked for a raise got one)
  • 59% feel financially secure – (16% have $100,000 or more in savings)

Many have wondered if millennials even want to own their own homes or if they would choose to rent instead. Well, not only do they want to own their own homes, but many already do and are looking to trade up! A recent study by realtor.com shows that 49% of Americans who plan to sell their home in the next 12 months are millennials!

Danielle Hale, realtor.com’s Chief Economist, gave some insight into why millennials are looking to sell,

“The housing shortage forced many first-time homebuyers to consider smaller homes and condos as a way to literally get their foot in the door. Our survey data reveals that we may see more of these homes hitting the market in the next year.”

Bottom Line

Not every millennial fits into the stereotypes that are so prominent in our society. Those who have risen above the stereotype are ready and willing to buy a home of their own, and many others already have!

First posted at www.mykcm.com.

Posted on January 31, 2018 at 9:19 pm
Oleg Doukhnevitch | Category: Home Buying | Tagged , , , , , , , , , , ,

Greater Seattle Area Real Estate Market – 3rd Quarter 2017

The Gardner Report – Third Quarter 2017

 

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.

 

 

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 longterm 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.

 

 

 

 

 

 

 

 

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.

 

CONCLUSIONS

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 November 2, 2017 at 4:06 pm
Bellevue Commons | Category: Market StatsWindermere Bellevue Commons News | Tagged 
Posted on November 8, 2017 at 10:36 pm
Oleg Doukhnevitch | Category: Market Stats, Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , ,