Community InformationEdmonds September 22, 2018

How to Take Advantage of Edmonds’ Thriving Art Scene

We asked locals how to best take advantage of this artistic city, and they gave us an inside look:


Cascadia Art Museum

Located at 190 Sunset Ave. #E Edmonds, WA 98020

Cascadia Art Museum is a regional art museum which focuses specifically on NW artists of the mid 19th to mid 20th century,” shares local Lynette Hensley. “The museum opened in Sept 2015 at Salish Crossing, formerly a grocery store, and an antique mall. Repurposed into an art museum with rotating collections, it reflects the city of Edmonds’ commitment to the arts.”

Cascadia Art Museum offers a diverse range of exhibitions, ensuring there’s always a reason to head back! We recommend following the museum on Facebook so you can receive updates on new exhibits and events.


Monthly Art Walk

“The monthly art walk brings the town alive on the third Thursday of the month,” shares Lena Wood Maul. “Businesses stay open until 8 pm to showcase art from local artist and sometimes even serve wine and treats. The restaurants get a little extra kick that night too from all of the walking traffic. This is a super fun way to check out some local art and support our local businesses.”

Great tips, Lena! You can check out a detailed map on the Art Walk Edmonds website so you can plan your third Thursday. You can also follow them on Facebook to make sure you don’t miss out on special events happening at the art walks!


Public Art

One of the wonderful things about Edmonds is that you don’t have to head to a museum to enjoy art—you’re surrounded by it! “Check out the sculptures big and small along the waterfront walk, from the ferry to the fishing pier,” advises Lynette Hensley.

Sculptures on the waterfront include the Friendship Tree, and you can also check out an interactive map of public art in Edmonds here.


Edmonds Art Festival

Located at Frances Anderson Center 700 Main Street Edmonds, Washington

Edmonds Art Festival is a major regional art festival, attracting artists from all over the country to show and sell at the Frances Anderson center between Dayton and Main at 7th,” says Lynette. “The festival takes place over Father’s Day weekend and is a big deal. It’s so big, it’s challenging to find parking during the most popular hours. There are two outdoor booth exhibit areas with artists lined up along ‘roads’ such as Van Gogh Place and DaVinci Avenue. Live music and food vendors keep the mood party-like, and a very inclusive student exhibit ensures participation from all ages. But the juried galleries are my favorite. As an artist myself, I’ve had work accepted in two categories. The categories include painting and drawing, 3D, photography and miniatures. Prizes are awarded, and sales are made within the galleries which benefit the Edmonds Art Festival Foundation as well as the artist.”

To learn more about participating or volunteering, check out the Edmonds Art Festival’s website!


Galleries

Local Lynette Hensley provided us with a list of some must-see galleries, so the next time you’re on an art walk or just out exploring Edmonds, be sure to stop by these art galleries:

  • Cole Gallery (fine art gallery with emphasis on realistic subject matter)
  • Gallery North (a Co-op gallery with member artists that place their work and serve as sales crew as well)
  • Aria Gallery (Joan Archer, watercolor artist)
  • MaJe Gallery (jewelry and adornment primarily)
  • Zinc Art + Design (art with a modern sense of style and gifts)


Artists Connect Meeting at Artworks

“Artists Connect is affiliated with Edmonds Art Festival Foundation, and meets monthly at 2nd and Dayton at the ArtWorks building,” says Lynette Hensley. “Artists Connect began with the purpose of supporting local artists, connecting them to each other and creating a space and time for ongoing conversations and support. Twelve years ago, Edmonds Art Studio Tour began because of the connections between members of Artists Connect!”

This wonderful organization helps bring artists from all over the region together. They work to help each other out with whatever another member may need help with, whether it’s sharing resources, creating opportunities to share each others’ work, learning how to grow as an artist, and more. Learn more here!


Studio Tours

Edmonds Art Studio Tour happens the third weekend every September. Roughly 25 or so Artist participants and some galleries open their home studios all weekend to the public for touring, viewing, some demos, and sales of course,” says Lynette Hensley.

“Many studios have guest artists along with the host artist. The art offered for view is diverse, including bronze sculptures, oil and acrylic paintings, pottery and clay work, jewelry, and anything the creatives of Edmonds and the surrounding areas can cook up.” Learn more about which studios will be participating in the next tour here! We also recommend following the Edmonds Art Studio Tour on Facebook for event updates and reminders, videos from artists, and info on the Edmonds arts scene.


ARTspot Edmonds

This top-notch art store is not only packed with art supplies, but it also offers a wide range of classes and demonstrations as well! Both kids and adults can take art classes here whether you’re interested in learning how to use pastels, finger paint, watercolor, draw, oil paint, etc. Their diversity of offerings is impressive—check out their website to learn more about upcoming classes and events.


BothellCommunity Information September 22, 2018

New Construction in Bothell: Developments to Keep Your Eye On

“There’s lots of new homes in Bothell ranging from $499,000 to over a million,” shares Tonya Tye. And according to Lauren Pulfer and Jen Bowman, in addition to new construction, you can also expect to find a range of entry-level townhomes, split-levels, ramblers, older homes, and homes on lots of land as well.

Here are a couple of new construction developments in Bothell to keep your eye on:

Toscana by Village Life 

Homes range from $900,000 to $1M

Located near Country Village, Toscana is brimming with luxury Craftsman-style homes that offer large floor plans (ranging from 2,832 to 3,860 square feet) and quality, modern finishes. The neighborhood includes 23 homes with 7 floorplans to choose from, and residents get to enjoy sidewalk-lined streets, a community park, a picnic shelter, and Northshore Schools.


Normandie Woods by Sundquist Homes

Homes begin in the $600,000s

Conveniently located near Interstate-5 and 405 and the Mill Creek Town Center, Normandie Woods showcases gorgeous homes that blend classic details and modern elements. There are 54 homes in Normandie Woods, and residents live in the Edmonds School District.


Here are several examples of new construction in Bothell:



Want to keep searching for new construction in Bothell?

We recommend starting your search here!

For more homes in Bothell in a variety of price points, the Bothell search on NewHomeSource.com features several current new construction listings.

BothellCommunity Information September 22, 2018

7 Must-Visit Restaurants in Bothell (Plus Happy Hour Tips & Why Locals Love Each One!)

Here are a few restaurants that come highly recommended by locals:

Alexa’s Cafe

Located at 10115 Main St. Bothell, WA

Nestled in a charming 1927-built brick building, Alexa’s Cafe is a neighborhood staple! “We love Alexa’s on main street!” shares Tonya Tye, and Jen Bowmanrecommends the sweet spot for brunch.

Their extensive breakfast menu is filled with classics like breakfast sandwiches, “bennys,” pancakes and French toast, and scrambles, and their lunch menu is a mouthwatering selection of sandwiches, soups, salads, burgers, wraps, and much more.

Need catering for your event? Becky Larsen recommends checking out Alexa’s catering options whether you’re catering a business lunch or a wedding rehearsal dinner.


Grazie Ristorante

Located at 23207 Bothell-Everett Hwy Bothell, WA 98021

If you’re craving Italian, Jen Bowman recommends heading to Grazie Ristorante for pizza, lasagna, cannelloni, and other Italian specialties.

“[Grazie’s serves] great dinners with an extensive wine list and happy hour with live music weekly!” recommends Becky Larsen. Enjoy daily happy hours from opening to 6pm and take advantage of half-price appetizers, wine, beer, and drink specials. As Becky mentioned, Grazie also hosts live music, and you can view their schedule of events here.


Uncle Peteza’s Pizzeria

Located at 228th & Meridian

Located Safeway Plaza 24118 Bothell-Everett Hwy Bothell, WA 98012

“We LOVE Uncle Peteza’s Pizzeria!” shares Melissa Huddleston. “They have two locations—one on 228th and Meridian, and one in the Safeway Plaza off of 241st and Bothell Everett Hwy. Their crust is the best! They have deep dish, thin crust, and, wait for it – STUFFED CRUST! My favorite is the veggie pizza and Chris’ is the Meatsa. They also have cheesy bread, wings, oven baked sandwiches, pasta, calzones, and salads. Yum!!! Now I’m hungry!!”

Melissa’s right—Uncle Peteza’s Pizzeria’s incredible pizza selection is sure to make everyone in your dining party happy! They also have gluten-free pizza, soup, bottomless soda, and a convenient rewards program.


Sushi Hana

Located at 2020 Maltby Road Suite 2 Bothell, WA 98021

Sushi Hana, a conveyor belt sushi restaurant at Thrasher’s Corner, is one of our favorites. When you don’t want to cook and the kids are starving and you don’t want to wait to order at a sit-down restaurant, this speedy sushi joint is the ticket! Large booths for groups of 6 or bar stools at the belt offer lots of seating. Always great service and good quality sushi,” shares Jen Bowman.

Sushi Hana is truly dedicated to quality—their conveyor belt-style sushi utilizes RFID technology to monitor the dishes on their conveyor belt, and no dish is allowed to be in circulation for more than 2 hours.

Sushi Hana serves up dozens of dishes, from classic nigiri to more unique sushi rolls. “In addition to traditional sushi, they have small plates of strawberries, green grapes, and Mochi ice cream for dessert! They also serve bottled sake, beer and wine,” shares Jen. We recommend taking a look at their menu here!


The Three Lions Pub

Located at 10111 Main Street Bothell WA, 98011

Lion’s Pub on main is always good for watching sports and enjoying beers and pub food,” advises Tonya Tye. And when Tonya says “pub food,” she really means it—Lion’s Pub serves up classic English pub dishes like classic fish & chips, Lancashire Pasty, sausage rolls, steak & mushroom pie, steak & kidney pie, bangers & mash, Shepherd’s Pie, and much more!

Plus, enjoy happy hours every weekday from 4-6pm and on weekends from 3-6pm. Take advantage of their deals on well drinks, wine, draft beer, and cider.


Amaro Bistro

Located at 18333 Bothell Way NE #105 Bothell, WA 98011

Becky Larsen loves Amaro Bistro for their great meals, awesome happy hour, and the fact that it’s a great place to celebrate a special occasion. Brunch, lunch, dinner, dessert, drinks and more are all served at this popular Italian bistro, and their extensive wine menu is truly impressive. Plus, Amaro is also family-friendly and has a special kid’s menu.

Enjoy daily happy hour deals from 3pm-6pm and 10pm to midnight, and take advantage of their lunch special of 2 courses for $16!


Preservation Kitchen

Located at 17121 Bothell Way NE Bothell WA 98011  

Highly recommended by both Brian Hayter and Tonya Tye, Preservation Kitchen offers an exquisite seasonal menu. They’re dedicated to supporting local businesses, and they use sustainable and organic ingredients whenever they can.

Tonya especially recommends their amazing polenta fries and their good wine selection, but menus change based on the season, so check out their website every now and then! We also highly recommend their happy hour. From 2-6pm daily, enjoy a large selection of appetizers, $7 cocktails, and discounts on beer and wine. See the complete happy hour menu here.


Bothell is packed with incredible places to eat, and we included a few other favorites below:


BothellCommunity Information September 22, 2018

4 Fabulous Ways to Spend a Weekend in Bothell

Check out our 4 ideas for how to spend a fabulous weekend in Bothell:


McMenamins: Hotel, Dining, Bars, Movies & More

McMenamins Anderson School is a great spot!” recommends Brian Hayter. “There are lots of options within but my favorite place is to grab a drink and sit outside near the fire pits, or they have outdoor tables that are under cover with heaters for the cold/wet days.”

Whether you’re just looking for dinner and a movie or searching for an overnight getaway, McMenamins’ Anderson School in Bothell has your dining and entertainment needs covered! This one-stop-shop is located in a converted school, and hotel rooms are located in converted classrooms.

During your stay, visit the Principal’s Office for a drink, enjoy outdoor seating at the Tavern on the Square, take advantage of the Anderson School Theater Bar (order burgers, brews, popcorn, and candy and have it delivered to your table during the movie!), and much more. We recommend checking out their website for room package offerings, a schedule of special events, and more details on accommodations.


Woodinville Wine Country: Sip & Shop

Located right next door to Woodinville, Bothell’s close proximity to this wine capital make it a popular destination for wine lovers. Woodinville is home to a whopping 108 wineries and tasting rooms, 8 microbreweries, distilleries & cideries, and 26 different dining spots! With so many wineries to choose from, it can be a bit daunting, but we recommend checking out Woodinville Wine Country’s website for a guide to Woodinville’s different districts as well as a list of wineries and a special passport that can get you discounts. For those hoping to stay the weekend, there’s also a guide on hotels and bed & breakfasts available for your convenience.

When the sun comes out, Tonya Tye recommends biking from downtown on the Sammamish River Trail and finding a glass of wine to enjoy at the plethora of wineries. She also recommends listening to some music at the popular Chateau Ste Michelle, home to some delicious wine in addition to a concert series that attracts big names like Josh Groban and John Legend.


Country Village

Whether you’re looking for some family-friendly entertainment or heading out with a group of adults for a night on the town, Country Village offers a whimsical setting to explore and enjoy! Discover charming ponds, restaurants, and shops with gifts, home decor, toys, antiques, and much more. Home to almost 40 shops, we recommend setting aside at least an entire day to explore the scene!

Country Village is also home to several events throughout the year—enjoy beer walks, wine walks, “Ladies Night Out” events, and other more adult-friendly events alongside seasonal happenings for kids like Cookies with Mrs. Claus, Gingerbread House Weekend, Wizard Fest, Meet the Easter Bunny, and much more.

Also, from June through September each year, take advantage of the Country Village Farmers Market! Located in the center parking lot, this dynamic expanse of vendors features dozens of stands, fresh local produce, handmade items, live music, and much more. View farmers market dates and a list of vendors here.


Brewery Tour

Beer is a big deal in the Pacific Northwest, and Bothell’s long list of breweries sets the perfect scene for a weekend brewery tour!

  • Watts Brewing Company: This nano brewery names their accessible beers after bees, and each release is only brewed once.
  • Decibel Brewing Co: Kids, pets, and outside food are welcome at this establishment!
  • The Hop and Hound: Enjoy at least a dozen fresh beers on tap, plus Stumptown Cold Brew Coffee on NITRO, and different food trucks every Friday.
  • Foggy Noggin Brewing: As one of the world’s smallest production breweries, Foggy Noggin offers fresh beers in their Bothell tasting room (bring a growler!).
  • Nine Yards Brewing: This all ages spot is located right off of the Burke Gilman trail, making it a great option when you need to stop and cool down.

Tonya Tye also recommends stopping at 192 Brewing Co. or Cairn Brewing, and combining it with a day of riding your bike along the Burke Gilman or along Lake Washington. Break for a picnic along the way!


BothellCommunity Information September 22, 2018

Unique Ways to Stay Active in Bothell: Bike Trails, Trampolines, & Water Sports

While Bothell is definitely home to some great gyms (Jen Bowman recommends Orange Theory and Fusion Hot Yoga in Canyon Park for major calorie-burning workouts!), we also recommend checking out these other options for something that’s extra fun, entertaining, and active:


Elevated Sportz

Located at 18311 Bothell Everett Hwy Suite 140, Bothell WA 98012

Elevated Sportz in North Bothell is the best rainy day exercise you can get,” says Jen Bowman. “Their weekly schedule offers variety of activities for kids and adults. Trampoline dodgeball anyone? They have a food counter where you can fuel up, too. Even better yet, NO MEMBERSHIP required. My toddler loves the daily 10am-12:30pm Hoppy Hour in the three level Adventure Zone that’s perfect for little kids to explore and play in a padded environment!”

Kids and adults alike love Elevated Sportz, and their dynamic range of offerings ensures there’s always something new to check out! In addition to the events that Jen mentioned, Elevated Sportz hosts a Lazer Club Night for teens, an all-ages Cosmic Night laser party, Lazer Maze Challenge, homeschool meetups, Special Needs days, and more! Plus, you can host birthday parties, team parties, or even rent out the entire facility for your special event.

Check out pricing and take a look at the different play areas offered here.


The Park at Bothell Landing

Located at 9919 NE 180th St Bothell, WA 98011at N Bothell Way

“The Park at Bothell Landing offers a little known boat launch along the Sammamish River, where you can put in your kayak, canoe or paddle board to take advantage of an outdoor ‘gym’ that will cost you nothing,” recommends Claudette Meyer. “Whether your goal is an energizing early morning paddle, an after work recharge, or an all-day workout, you’ll burn calories surrounded by beautiful scenery. Head west if your destination is Lake Washington. For a much longer paddle, you can head southeast to Lake Sammamish, maybe with a pit stop at Redhook Brewery along the way.”

Great tips, Claudette! Not only does The Park at Bothell Landing offer the opportunity to stay active, but it’s also a lovely place to spend time with family or friends at. Pack a picnic and make a day of it!


Burke-Gilman Trail

More than 18 miles long, the Burke-Gilman Trail extends from Shilshole Bay in Seattle all the way to the City of Bothell. This incredible amenity not only offers a paved surface for joggers, walkers, skaters, strollers, and bikers, but it’s also a popular commuting option as well!

Recently, the trail has be undergoing some updates, and Melissa Huddleston has the details:

“In addition to the Burke Gilman Trail, the North Creek Trail expansion will connect the North Creek Park in Bothell to the Burke Gilman Trail. The new expansion will extend from 183rd St SE to SR 524 and will include an elevated walkway 20-40 feet above ground,” shares Melissa.

“This section of the trail will be located between Sprague Drive and 192nd St SE. The timeframe of completion according to the Snohomish County website is still to be determined. I’m very excited as this trail will literally be steps from my home. On warm summer days, you’ll be able to find me riding my bike from my house to Woodinville Wine Country!”

You can view a map of the entire trail here, complete with information on road access points. We recommend planning your trip ahead of time and stopping at one of the beautiful, scenic parks along the way!


Community Information September 3, 2018

Pumpkin Patch Guide 2018

Nothing feels more like fall than pumpkin picking, hay rides and corn mazes. Get your latte in hand and head out to any one of these great, local farms to have some harvest fun and find that perfect jack-o-lantern to light up your porch.

Times, dates & activities may change, please use the links provided for details.

 

KING COUNTY

Baxter Barn
31929 SE 44th St, Fall City
Pumpkin patch, tractor-pulled hay rides, fresh eggs, gift shop, pony rides, picnic area, farm animals

Carpinito Brothers
1148 Central Ave N, Kent
Pumpkin patch, corn maze, farm fun yard, hay rides, produce stand, concessions

Fall City Farms
3636 Neal Road, Fall City
Pumpkin patch, tractor-pulled hay rides, fresh honey, pre-picked produce, farm animals, snacks and refreshments.

Fox Hollow Family Farm
12031 Issaquah Hobart Rd SE, Issaquah
Pumpkins for sale, hay bale maze, bouncy house, face painting, haunted house, pony rides, petting zoo, farm animals, concessions

Jubilee Farm
229 W Snoqualmie River Rd NE, Carnation
Pumpkins, horse-drawn covered wagon rides, hay rides, hay bale maze

Oxbow Farm
10819 Carnation-Duvall Rd NE, Carnation
Pumpkins, produce, picnic area, playground

Mosby Farm Pumpkin Patch
12747-b South East Green Valley Rd, Auburn
Pumpkin patch, corn maze,  tractor-pulled hay rides, snacks and refreshment stand, picnic area

The Nursery at Mt Si
42328 SE 108th St, North Bend
Pumpkin patch, tractor-pulled hay rides

Remlinger Farms
32610 NE 32nd St, Carnation
Pumpkin patch, corn maze, animal barnyard, pony rides, steam train, hay jump

Serres Farm
20306 NE 50th St, Redmond
Pumpkin patch, corn maze, duck races, animal train

Thomasson Family Farm
38223 236th Ave SE, Enumclaw
Pumpkin patch, corn maze, kids korral, tractor train rides, pumpkin sling shot

Tonnemaker Valley Farm, Woodinville Farm Stand
16215 140th Pl NE, Woodinville
You-pick pumpkin patch, you-pick flowers, produce stand, on-site pepper roasting on Saturdays

 

SNOHOMISH COUNTY

Biringer’s Black Crow Pumpkins & Corn Maze
2431 Highway 530 NE, Arlington
Pumpkin patch, corn maze, straw or hay bale maze, tractor-pulled hay rides, farm market, picnic area

Bob’s Corn & Pumpkin Farm
10917 Elliott Rd, Snohomish
Pumpkin patch, corn maze, bonfire & picnic area, hay rides, pony rides, playground, concessions

Carleton Farm
630 Sunnyside Blvd SE, Lake Stevens
Pumpkin patch, train rides, corn maze, haunted corn maze, tractor-pulled hay rides, farm animals, farm market

Craven Farm
13817 Short School Rd, Snohomish
Pumpkin patch, corn maze, tractor-pulled hay rides, face painting, farm animals, snacks & refreshment stand

The Farm at Swans Trail
7301 Rivershore Rd, Snohomish
Pumpkin patch, corn maze, pick your own apples, pig & duck races, petting zoo, putt-putt golf and more

Fairbank Animal Farm & Pumpkin Patch
15308 52nd Ave W, Edmonds
Pumpkins, petting zoo, farm animals, picnic area

Fosters Pumpkin Farm
5818 State Route 530 NE, Arlington
Pumpkin patch, corn maze, hay bale maze, corn cannon, pre-picked produce, face painting, farm animals, snacks and refreshment stand, picnic area

Stocker Farms
8705 Marsh Rd, Snohomish
Pumpkin patch, corn maze, haunted corn maze, tractor-pulled hay rides, jumping pillow and more

Thomas Family Farm
9010 Marsh Road, Snohomish
Pumpkin patch, corn maze, monster truck rides, haunted house, gem mining, Zombie Safari Paintball Hayride, beer garden, putt-putt golf and more

 

PIERCE COUNTY

Double R Farms
5820 44th St E, Puyallup
Pumpkin patch, corn maze, hay rides, farm animals, pumpkin sling shot

Maris Farms
25001 Sumner-Buckley Hwy, Buckley
Pumpkin patch, corn maze, haunted woods, farm animals, hay ride, trout fishing, play ground

Picha’s Farm
6502 52nd St E, Puyallup
Pumpkin patch, corn maze, hay ride, pumpkin sling shot, concessions

Scholz Farm
12920 162nd Ave E, Orting
Pumpkin patch, corn maze, play area

Spooner Farms
9622 SR 162 E, Puyallup
Pumpkin patch, farm animals, face painting, pumpkin sling shot, concessions

Community Information September 3, 2018

Don’t Wait for a Disaster to Build Your Emergency Kit

Two Weeks Ready: Be Prepared. Build Kits. Help Each Other.

The first few days after a disaster are often the most critical. Government and essential services may not be available right away, depending on the circumstances. It is imperative to have a plan in place for such a time, and be ready to act on your own.

Washington’s biggest disaster threat is from earthquakes. Washington State’s Emergency Management Division advises that we take precautions to be on our own for at least 2 weeks. Take a look at their Two Week Ready Brochure (PDF) that outlines the basics necessary for your emergency kit. While it is important to get ready, don’t feel like you have to do it all at once. The list of necessities is long, so take a look at the agency’s year-long prep plan. You will also find information on pet preparedness, as well as the agency’s Drop, Cover, and Hold Earthquake Scenario map.

Community Information September 3, 2018

Windermere and the Seahawks are Back for Another Season to #TackleHomelessness!

All of us at Windermere are very excited to kick off our third season as the Official Real Estate Company of the Seattle Seahawks!

Once again, our #tacklehomelessness campaign is front-and-center, with the Windermere Foundation donating $100 for every Seahawks home-game tackle during the 2018 season to YouthCare, a Seattle-based non-profit organization that has been providing services and support to homeless youth for more than 40 years. Over the last two years, the Seahawks helped us raise over $66,000 through our #tacklehomelessness campaign, and this year we are looking forward to raising even more money – and awareness – for this important cause.

Our partnership with the Seahawks and YouthCare fits perfectly with the mission of the Windermere Foundation which is to support low-income and homeless families in the communities where we have offices. Through the #tacklehomelessness campaign, we hope to be able to do even more.

Community Information September 3, 2018

Windermere Foundation Update

Thanks to the generosity of Windermere agents, staff, franchise owners, and the community, the Windermere Foundation has proudly donated a total of $920,351 so far this year to non-profit organizations that provide services to low-income and homeless families. This brings the total amount of money that the Windermere Foundation has raised since 1989 to over $36 million. We could not accomplish these numbers without the unwavering loyalty and support of clients like you – thank you!

Each Windermere office has its own Foundation fund account that we use to help organizations in our own local community. This past year, my office had the privilege to: provide 26 foster boys a plentiful Christmas morning; give full holiday dinners plus additional groceries to families receiving aid from Pioneer Human Services; spend a full day helping the Snohomish Garden Club plant thousands of pounds of fresh produce for local food banks; and send 40 kids to YMCA Camps Orkila and Colman who would not have otherwise had the opportunity.

Thank you for choosing Windermere and making all of this possible. Your impact is meaningful, and together we are changing lives.

Monthly Newsletter September 3, 2018

Monthly Newsletter

Keeping Price Growth in Perspective,
Opportunities Abound for Both Buyers and Sellers

 

“How’s the Market?” is a question I am asked all the time. It is a common segue in casual conversation over the neighbor’s fence, at a cocktail party or family gathering. Now more than ever, the answer to this question is critical, yet fascinating. You see, our market is experiencing a long-awaited correction, a tempering of price appreciation. This is providing great opportunities for both buyers and sellers.

For so long, inventory has been so limited that prices have had nowhere else to go but up, and up fast! In May, we saw the largest jump in new listings in a decade, which created a slowdown in month-over-month price appreciation. This was especially exacerbated due to the scarcity of inventory in the first quarter of the year when many jobs were being filled by big companies in the area, skyrocketing demand. The graphs above illustrate the price growth in both King and Snohomish Counties. If you average out the last 12 months and compare to the previous 12 months, prices are up 14% in King County and 13% in Snohomish County. Due to a large increase in inventory and other factors, we have seen prices start to balance out since May.

Additional factors that play into this healthy adjustment on the run-up of prices are interest rates, affordability, and Seattle summertime. First, interest rates have been dancing. They have climbed over a half a point from a year ago, which has been coupled with double-digit price growth, forcing many buyers to take a step back. Bear in mind that interest rates are still under 5% and well below the 30-year average of 6.61%. This must be taken to heart!

Affordability has been a huge factor that played into the reduction of absorption rate once the increase in new listings hit this Spring. This was especially true in King County. Prices peaked so far this year at $725,000 in April, whereas they peaked in Snohomish County at $510,000 in June. This is simple supply and demand, as buyers have had more selection. Further, many buyers turned their heads north to find a more affordable option while still sustaining a manageable commute.

The bottom line is that it just got too expensive for some to make King County their home, even Snohomish County for that matter. Combine that with an influx of selection, and you find the top of the market so far in 2018. This is not a bad thing! We must keep the double-digit, year-over-year price appreciation in perspective, and trust that the market factors which led to prices balancing out are healthy. A typical appreciation rate is 3-5%. Matthew Gardner, Windermere’s Chief Economist, predicts that we will finish out 2018 with 7-8% appreciation over 2017, which is well above the norm of 3-5%. Sustainable growth is important to the overall health of our economy and culture; this provides opportunity.

Buyers take heed. As we come out of the Seattle summertime seasonal slowdown, we anticipate a little run on new listings in September and October. Note on the graph above that we seasonally see prices peak in the late spring and early summer, due to many folks taking time to enjoy the summer months traveling and relaxing a bit. If you have been a sidelined buyer or have been thinking about making a move, the remainder of 2018 may be your time to enjoy more selection, still-low interest rates, and the chance to secure the best home for your lifestyle.

Interest rates are still attractive (historically attractive) and are predicted to rise. Plus, selection has increased, making negotiations not as intense. Multiple offers are not always the norm these days, which provides some breathing room for luxuries like inspections and relying on the bank’s appraisal to confirm value. Also, if you are a buyer that needs to sell a home first in order to purchase, this environment is much more forgiving. Believe it or not, we have even started to see contingent offers make a comeback.

This was one reason why we saw such a limit on inventory, because folks were not able to make fluid moves, so they just uncomfortably stayed put. It was the many baby boomers who came to market this spring and summer who relocated out of the area that loosened this up, paving the way for the local first-time, move-up, or move-down buyer to have some opportunity to transition.

So what does all this mean for potential sellers? Well, a lot! The word of the day is perspective. You must keep a close connection to the double-digit, year-over-year price appreciation we have seen over the last three years, and come to terms with today’s balancing out. Great equity gains are behind every homeowner who has owned their home since 2012. If that equity has been cared for, there are large profits to turn, even though you might not get multiple offers. All it takes is one good buyer for a successful sale!

It is all about what is motivating you. If a move seems interesting or imminent, chances are you can take that equity and turn it into something that better matches your current lifestyle. This is where a detailed assessment of the features of your home, along with an analysis of market conditions can be developed into a winning strategy. This does not come easy and requires in-depth research, close attention to condition and comparable homes, and outstanding marketing and merchandising.

Where I have seen the most opportunity is when sellers partner up and listen to the professional assessment of all of these factors. It often leads to satisfying results with one buyer, or believe it or not, the occasional multiple offer. Our market is exciting, but it takes skill to set level expectations, which leads to positive results.

If you or someone you know is curious about “How’s the Market?”, please reach out. Education and explanation are key to awareness, which leads to clarity. I love what I do and look forward to the opportunity to serve during this changing time. It is my goal to help keep my clients informed and empower strong decisions.

 

 

We are so fortunate here at Windermere to have Matthew Gardner help keep us informed on our economy and the real estate market. Each quarter Matthew compiles in-depth research on counties from across Western Washington. Click here to download Matthew’s full Q2 report.

 

 

Summer is quickly coming to a close, and it’s time to think about prepping your yard for fall.  Here are a few quick tips to get you started, and a full article here.

Fertilizing

All summer long, plants and grass are using up nutrients in the soil. After months of growing, your soil’s reserves become depleted, which is why a fall fertilizer is great to restore nutrients and give your grass, shrubs, and perennials a boost to help them make it through winter. It is recommended to fertilize once every season.

Stop Pruning and Watering

Late summer and fall might seem like a good time to prune dead flowers and branches, but several experts recommend waiting until spring to prune anything. Pruning stimulates new growth, but with the frost coming, chances are this new growth won’t survive. Pruning also interferes with the plant when it is going dormant.

In late September, you should also stop watering your plants to help them go dormant as well.

Furnace Filter

Okay, this isn’t really a yard tip but it’s still important, and after all this smoke – critical! It’s recommended that you change your furnace filter at least every three months, if not more often. Having a clean furnace filter will make the air circulating through your house cleaner, and will put less stress on your heating and air systems.