Vol 02.2015

Topic: 2015 Economic and Real Estate Trends

Speaker: Matthew Gardner, Gardner Economics

Hosts: Windermere Services

Premier Networking Meeting February 25, 2015

At our February Premier Properties breakfast, local economist Matthew Gardner

shared his thoughts on the greater Seattle area economy and housing market. He

said that thanks to declining unemployment, positive job growth, and an expanding

economy, Seattle is faring far better than most US cities. Companies like Facebook

and SpaceEx agree, which is why they’re not only opening up Seattle-area offices,

but have plans for continued growth. This is great for our economy, but it’s adding

pressure to an already-tight housing market where there isn’t nearly enough supply

to meet the demand. The lack of inventory is causing a slight decline in sales but so

far, not on prices, which are still appreciating at a healthy pace. The one thing our

market is missing? Move-up buyers. These are the folks who currently own a home

and want to “move up” into a new home, but can’t because there is so little to buy.

By staying put, they’re holding back much-needed supply in a barren market,

creating a vicious cycle. Mr. Gardner thinks these conditions should start to see a

correction later this year, albeit slowly. Overall, everyone walked away with a sense

that the state of our city’s economy is strong, and despite the shortage of homes on

the market, we’re faring quite well in Seattle.

Exposure to Luxury Buyers

in 200+ Countries.

Exposure to Luxury Buyers

in 200+ Countries.

Featured Premier Listings February Premier Breakfast

John Doe | $1,250,00 | MLS #123456 | Sammamish, WA Julia Krill & Kay Zatine | $1,948,000 | MLS #736371 | Belleuve, WA

Veronique Hval | $2,995,000 | MLS #731092 | Normandy Park, WA

Exposure to Luxury Buyers

in 200+ Countries.

Veronique Hval | $4,185,000| MLS #615614 | Des Moines, WA

Jim Lloyd & Bryan Loveless | $3,400,000 | MLS #735970 | Kirkland, WA

Heather Othmer | $1,750,000 | MLS #689878 | Bellingham, WA

Lynda Hinton | $2,500,000 | MLS #742089 | Bellingham, WA

Exposure to Luxury Buyers

in 200+ Countries.

John Doe | $1,250,00 | MLS #123456 | Sammamish, WA Leslie Hancock | $1,488,000 | MLS #733235 | Sammamish, WA

Leslie Hancock | $1,098,000 | MLS #742874 | Sammamish, WA

Tere Foster & Moya Skillman | $3,425,000 | MLS #743908 | Mercer Island, WA

Tere Foster & Evan Wyman | $3,188,000 | MLS #744601 | Medina, WA

Exposure to Luxury Buyers

in 200+ Countries.

John Doe | $1,250,00 | MLS #123456 | Sammamish, WA Jan Selvar | $2,400,000 | MLS #738684 | Seattle, WA

John Kritsonis & Karl Lindor | $1,898,000 | MLS #744538 | Sammamish, WA

Exposure to Luxury Buyers

in 200+ Countries.

John Kritsonis & Karl Lindor | $1,198,000 | MLS #744554 | Sammamish, WA

Kim Gervasoni | $1,089,000 | MLS #742151 | Issaquah, WA

John Doe | $1,250,00 | MLS #123456 | Sammamish, WA Jan Johnson | $2,150,000 | MLS #738503 | Bainbridge Island, WA

Beth de Groen | $2,100,000 | MLS #746253 | Vashon, WA

Exposure to Luxury Buyers

in 200+ Countries.

Beth de Groen | $1,000,000 | MLS #745183 | Vashon, WA

Chris & Sue Linnerooth | $1,100,000 | MLS #736445 | Carnation, WA

John Doe | $1,250,00 | MLS #123456 | Sammamish, WA Janet Lee & Brenna Lee Harrington | $2,195,000 | MLS #734827 | Gig Harbor, WA

Tim Lenihan & Barbara Cahill | $3,280,000 | MLS #746309 | Seattle, WA

Exposure to Luxury Buyers

in 200+ Countries.

Brenda Mills | $3,500,000 | MLS #727937 | Blaine, WA

Dennis Laird | $949,900 | MLS #14253380 | Portland, OR

John Doe | $1,250,00 | MLS #123456 | Sammamish, WA Beth de Groen & Linda Bianchi | $1,350,000 | MLS #740259 | Vashon, WA

Exposure to Luxury Buyers

in 200+ Countries.

Premier in the News

Check out where Windermere’s Premier listings have been featured this month!

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B

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A. February 17, Seattle Curbed: Architect Jon Pettit’s Bainbridge Waterfront Home Asks $2.15M

B. February 16, Patti Payne’s Cool Pads: Inside Kenny and Marleen Alhadeff’s Windermere

Waterfront Estate

C. February 10, Patti Payne’s Cool Pads: Historic $2.5M Tudor Turns Heads in Harvard Belmont

D. February 18, King5.com: Foreign Buyers Fuel West Bellevue Real Estate Boom

D

Exposure to Luxury Buyers

in 200+ Countries.

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E. February 5, Seattle PI Real Estate Spotlight: Broadmoor Mansion for $3.695 Million

F. February 2, Patti Payne’s Cool Pads: Take a Look Inside this $3.29 million 1927 Home for the Ages

in Broadmoor

G. February 11, King5.com: Inside the Fifty Shades of Grey Condo

H. February 11, Seattle Curbed: $2M Leschi Condo for When You Want a Home as Big as Your Boat

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About Windermere Real Estate

Windermere Real Estate is ranked the largest independent real estate company in the Western

U.S. with over 300 offices and 7,000 agents serving communities in Alaska, Arizona, California,

Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Mexico. The

Windermere family has a proud heritage of serving our neighbors via the Windermere

Foundation, which funds services for low-income and homeless families. Since 1989, the

Windermere Foundation has contributed more than 26 million dollars towards improving lives in

the communities where we live and work. For more information, visit www.windermere.com.