New Listing
Chad Dierickx
7204 California Ave SW, Unit B

Turnkey Morgan Junction townhome with a rare fenced yard off the main level of the home! This charming, updated home is just blocks from Morgan Junction amenities, Solstice Park, and Lincoln Park.

7204 California Ave SW, Unit B
New Listing
Chad Dierickx
3425 67th Ave SE

Lakeside dream come true on a quiet, dead-end street along Mercer Island’s Gold Coast. This home boasts 67 feet of prime low-bank waterfront & was fully remodeled in 1999 by Fred Dowdy (builder) & Norm Sandler (architect).

3425 67th Ave SE
New Listing
Chad Dierickx
5911 37th Ave SW

Discover this charming Cape Cod home in West Seattle's beloved Fairmount Park neighborhood! Ideally located near Alaska & Morgan Junctions & just minutes from the W Seattle bridge, this 2+ bed, 1.75 bath home offers 1,380 SF of finished living space on a sunny, 6,300 SF lot.

5911 37th Ave SW
New Listing
Chad Dierickx
7307 39th Ave SW

Enjoy Sound and Mountain views from your perch on Gatewood Hill. Large windows frame views from both levels of this turnkey home. The main floor features remodeled kitchen, refinished hardwoods & an open floor plan.

7307 39th Ave SW
Chad Dierickx
Early signs of a stabilizing housing market

Mortgage interest rates fell in November and have hovered around 6.5% for several weeks now. The rate volatility we experienced during the fall has subsided for now, and recent housing data suggests we may be close to finding a bottom for the floundering housing market, which went into shock this spring when rates rose from all-time lows.

Early signs of a stabilizing housing market

Market Report

The market is slowing, but it's still moving fast

June is typically a turning point for the real estate market. This spring has been a scorcher for real estate values, but we're starting to see signs of a normal seasonal slowdown. And no, this doesn't mean the market is moving slowly!

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Home values typically increase the most in the 2nd quarter and homes take longer to sell after June. The recent Case-Shiller report showed record-setting price growth in May, right on schedule.

Due to COVID-19, last year never experienced a slowdown, as the selling season was delayed by lockdowns. This year should follow prior norms as we head into the Fall. But demand is still through the roof, and pending sales are breaking records. In Seattle...

  • Pending sales are up 9% year-over-year (see below for 10 years of context)

  • The # of homes for sale is down 23% year-over-year

  • Average days on market remains at an all-time low, 6 days

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We might have seen prices hit their high for the year, but the train is still racing down the tracks!

Thanks for reading!

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Q1 2017 Market Report

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Q1 2017 Market Report

Unless you’re living under a rock, you know that our region is growing like a weed in a swamp. Windermere just released Q1 market reports for Seattle, Mercer Island and the Eastside. The median home price in King County just hit $600,000 while Seattle’s median reached $700,000, double the 2012 level during the recession. If you bought a home five years ago—or two years for that matter—you should be sleeping well!