Local Market Update

Local Market Update – January 2018

2017 closed out the year with historically low inventory and record-breaking price gains. A strong local economy and brisk population growth has helped fuel a steep discrepancy between supply and demand. As long as this imbalance remains, 2018 is on track to remain a very strong seller’s market. Eastside Defying the usual winter slow-down in

Empty Nesters: Remodel or Sell?

Your kids have moved out and now you’re living in a big house with way more space than you need. You have two choices – remodel your existing home or move. Here are some things to consider about each option. Choice No. 1: Remodel your existing home to better fit your current needs. Remodeling gives
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Happening on the Eastside: December 2017

Each month, we bring you the up-to-date list of community and special events happening across the Eastside in cities like Kirkland and Bellevue. Here’s what we have on the books for December 2017. What’s Happening on the Eastside This Month? Happy holidays! It’s time to celebrate all things festive, cozy, and sweet this month. We’re wrapping

Bosa’s One88 Takes New Shape

Bosa Development’s new condo tower in downtown Bellevue, One88, broke ground in September. Earlier this week, Bosa released new renderings to give viewers a peek at the entire building’s exterior. The project’s architect, Hossein Amanat of Vancouver, British Columbia, says the building’s shape is “inspired by the aesthetic of quartz crystals.” The terrace features and

Local Market Update – November 2017

Prices in our area have now been rising faster than anywhere in the country for twelve months. Sellers seem to be getting the message that now is a good time to put their home on the market. There was an increase in new inventory in October, but with homes selling rapidly, there still aren’t enough

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

Tax Plan Would Hit Eastside Homebuyers Hard

The proposed Republican tax plan would reduce itemized mortgage-tax benefits for new owners of expensive homes. Unfortunately, that would apply to the typical house selling today in our area. This proposal, according to The Seattle Times, “would cap the federal mortgage-interest deduction at $500,000 for new-home purchases, down from the limit of $1 million.” New
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Happening on the Eastside: November 2017

Each month, we bring you the up-to-date list of community and special events happening across the Eastside in cities like Kirkland and Bellevue. Here’s what we have on the books for November 2017. What’s Happening on the Eastside This Month? It’s not quite the holiday season, but it’s starting to feel like it! We continue fall

New Home Sales Reach Highest Level

The Seattle Times reported earlier this week that US new home sales have jumped to their highest level in ten years. According to the Commerce Department, new home sales rose “18.9 percent in September to a seasonally adjusted annual rate of 667,000, the most in a decade.” Sales rose in every region across the country.