Gina weigum seattlemarketreview q4 2016 1agent

Seattle Market Review

Q4

Seattle real estate statistics for the fourth quarter of 2016

Q4 2016

S

eattle closed out the year with a record low number of homes for sale, and record-level prices. With the healthy regional economy, demand remains very strong. Experts predict that the real estate market in 2017 will continue to be highly favorable for sellers.

• According to the Case-Shiller home price index, home prices are rising faster in the Seattle metro area than in any other major region in the country. One issue is space. The city’s existing density means that virtually no new single-family homes are being built in Seattle.

• As new residents flood in, more people are competing for the already tight inventory. As a result, home prices are up. At the end of the quarter, the median cost of a single-family home rose 6 percent from a year ago to $635,000.

• The good news: those who decide to take the plunge and list their home can count on getting a premium price for their property.

In December, 39% of houses that sold went above the asking price and 57% had less than 15 days on the market.

2

Table of Contents Q4

• All of Seattle.....................................................................................4

715

• Area 140 ....................................................................................... 5–6 • Area 380........................................................................................7–8 • Area 385......................................................................................9–10

705

710

700 701 140

• Area 390.................................................................................... 11–12 • Area 700....................................................................................13–14 • Area 701....................................................................................15–16 • Area 705.................................................................................... 17–18

390

385

• Area 710.................................................................................... 19–20

380

• Area 715.....................................................................................21–22 • 2017 Seattle Housing Market......................................................23 • Market Share..................................................................................24 • Why Windermere.................................................................... 25–27 [ Click on area to jump to that page ]

3

Seattle (all areas)

Q4 2016 OVERVIEW

715

Months Supply of Inventory >

Closed Sales >

DECEMBER (includes pending sales)

DECEMBER 705

less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market

710

700 390

701

608

2.9

639

140

385

380

490

0.8

0.7

2015

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > DECEMBER $635,000 $600,000

$500,000 $419,600

2007

$436,750

$420,540

$450,000

$400,000

$390,000

$375,000

+4%

-8%

-3%

-4%

+12%

+7%

+11%

+20%

+6%

2008

2009

2010

2011

2012

2013

2014

2015

2016

All figures are based on single family home sales, which include townhomes and exclude condos.

4

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

140

Admiral, Alki, Arbor Heights, Belvidere, Delridge, Fauntleroy, Gatewood, Genessee, High Point, Marine View, Seaview, South Park, West Seattle, Westwood, White Center

High Price Listing

Fauntleroy 9121 Fauntleroy Wy SW

$1,200,000 5 Bed / 2 Bath / 2,640 SQFT MLS #: 1040789 Lot Size: 10,780 sqft Year Built: 1938 Style: 1 Story with Basement Views: Mountain, Sound School District: Seattle

Medium Price Listing

Gatewood 3514 SW Thistle St

$698,000 4 Bed / 3.25 Bath / 2,610 SQFT MLS #: 1031912 Lot Size: 6,021 sqft Year Built: 1925 Style: 2 Stories with Basement Views: Territorial School District: Seattle

Low Price Listing

Highland Park 7744 12th Ave SW

$345,000 4 Bed / 1.75 Bath / 1,620 SQFT MLS #: 1013420 Lot Size: 4,760 sqft Year Built: 1948 Style: 1 Story with Basement Views: None School District: Seattle

5

140

Q4 2016

715

Months Supply of Inventory >

Closed Sales >

DECEMBER (includes pending sales)

DECEMBER 705

less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market

710

700 390

701

148

3.2

135

140

385

380

106

1.0 0.6

2015

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > DECEMBER $475,000 $408,975 $380,000 $339,950

$486,000

$399,950

$339,500

$339,000 $310,000 $285,000

2007

-17%

0%

-9%

-8%

+19%

+12%

+5%

+19%

+2%

2008

2009

2010

2011

2012

2013

2014

2015

2016

All figures are based on single family home sales, which include townhomes and exclude condos.

6

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

380

Brighton, Columbia City, Genesee, Hillman City, Judkins, Lakewood, Leschi, Mt Baker, Rainier Beach, Rainier Valley, Seward Park, Skyway

High Price Listing

Mt Baker 3210 S Lander St

$1,395,000 3 Bed / 2.5 Bath / 3,380 SQFT MLS #: 1036134 Lot Size: 6,000 sqft Year Built: 1929 Style: 11/2 Stories with Basement Views: None School District: Seattle

Medium Price Listing

Columbia City 5402 Renton Ave S

$560,000 3 Bed / 1.75 Bath / 1,292 SQFT MLS #: 1031182 Lot Size: 5,871 sqft Year Built: 1962 Style: 1 Story Views: Territorial School District: Seattle

Low Price Listing

Upper Rainier Beach 9849 61st Ave S

$385,000 2 Bed / 1 Bath / 1,520 SQFT Lot Size: 5,650 sqft Year Built: 1943 Style: 1 Story with Basement Views: Mountain, Territorial School District: Seattle

7

380

Q4 2016

715

Months Supply of Inventory >

Closed Sales >

DECEMBER (includes pending sales)

DECEMBER 705

less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market

710

700

3.4

390

701

71 59

140

385

380

43

0.8

0.9

2015

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > DECEMBER $499,000 $450,000

$380,000

$373,000

$382,500

$369,000

$378,000

$320,000 $292,850 $250,000

2007

-2%

+3%

-16%

-22%

+17%

+26%

+2%

+19%

+11%

2008

2009

2010

2011

2012

2013

2014

2015

2016

All figures are based on single family home sales, which include townhomes and exclude condos.

8

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

385

Beacon Hill, Columbia City, Dunlap, Georgetown, Jefferson Park, North Beacon Hill, Sodo

High Price Listing

Beacon Hill 1339 S Shelton St

$620,000 4 Bed / 1.5 Bath / 2,250 SQFT MLS #: 1036033 Lot Size: 6,512 sqft Year Built: 1957 Style: 1 Story with Basement Views: Mountain, Territorial School District: Seattle

Medium Price Listing

Seattle 2363 24th Ave S

$533,000 2 Bed / 2.5 Bath / 1,480 SQFT MLS #: 1031162 Lot Size: 1,730 SQFT Year Built: 2007 Style: Tri Level Views: Mountain, Territorial School District: Seattle

Low Price Listing

Beacon Hill 1312 S Shelton St

$425,000 4 Bed / 2 Bath / 1,940 SQFT MLS #: 1016407 Lot Size: 3,797 sqft Year Built: 1920 Style: 1 Story with Basement Views: None School District: Seattle

9

10

385

Q4 2016

715

Months Supply of Inventory >

Closed Sales >

DECEMBER (includes pending sales)

DECEMBER 705

less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market

710

700 390

701

3.5 30

140

25

385

380

22

1.5 0.5 2015

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > DECEMBER $537,000

$433,500 $372,000 $335,000

2007

$355,490

$253,150

$249,000

$360,000

$350,000

$271,500

-10%

+6%

-29%

-2%

+9%

+33%

-3%

+24%

+24%

2008

2009

2010

2011

2012

2013

2014

2015

2016

All figures are based on single family home sales, which include townhomes and exclude condos.

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

390

Arboretum, Beacon Hill, Broadmoor, Broadway, Capitol Hill, Central Area, Denny Blaine, Eastlake, First Hill, International District, Leschi, Madison Park, Madison Valley, Madrona, Montlake, Roanoke Park, Washington Park

High Price Listing

Capitol Hill 1246 15th Ave E

$1,818,000 6 Bed / 3 Bath / 3,930 SQFT MLS #: 1039295 Lot Size: 4,640 sqft Year Built: 1909 Style: Multi Level Views: Lake, Mountain, Partial, Territorial School District: Seattle

Medium Price Listing

Capitol Hill 719 10th Ave E

$830,000 3 Bed / 2 Bath / 2,730 SQFT MLS #: 1007033 Lot Size: 2,711 sqft Year Built: 1923 Style: 2 Stories with Basement Views: None School District: Seattle

Low Price Listing

Capitol Hill 1609 21st Ave #A

$570,000 2 Bed / 1.5 Bath / 950 SQFT MLS #: 1031385 Lot Size: 1,125 sqft Year Built: 2007 Style: 2 Story Views: Territorial School District: Seattle

11

12

390

Q4 2016

715

Months Supply of Inventory >

Closed Sales >

DECEMBER (includes pending sales)

DECEMBER 705

less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market

710

700

3.5

390

701

74

78 140

385

380

59

1.0

0.9

2015

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > DECEMBER

$729,000

$735,000

$732,500

$664,975 $615,000 $515,000

$484,750

2007

$545,000 $500,000

$485,500

+27%

-16%

-3%

-3%

+50%

-25%

+22%

+11%

0%

2008

2009

2010

2011

2012

2013

2014

2015

2016

All figures are based on single family home sales, which include townhomes and exclude condos.

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

700

Eastlake, Interbay, Lake Union, Magnolia, Queen Anne, Westlake

High Price Listing

Magnolia 2521 38th Ave W

$2,160,000 4 Bed / 3.25 Bath / 4,670 SQFT MLS #: 1033810 Lot Size: 5,919 sqft Year Built: 2008 Style: Tri-Level Views: City, Mountain, Territorial School District: Seattle

Medium Price Listing

Magnolia 2606 W Raye St

$925,000 5 Bed / 1.75 Bath / 2,920 SQFT MLS #: 1043449 Lot Size: 5,220 sqft Year Built: 1955 Style: 1 Story with Basement Views: City, Mountain, Partial, Territorial School District: Seattle

Low Price Listing

Queen Anne 2046 B 14th Ave W

$597,000 2 Bed / 1.5 Bath / 1,360 SQFT MLS #: 1024603 Lot Size: 878 sqft Year Built: 2010 Style: Townhouse Views: City, Mountain, Sound School District: Seattle

13

14

700

Q4 2016

715

Months Supply of Inventory >

Closed Sales >

DECEMBER (includes pending sales)

DECEMBER 705

less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market

710

700

4.3

390

701

60

140

66

385

380

47 1.3 0.9

2015

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > DECEMBER

$885,000 $799,000 $724,000

$681,000 $608,075

$577,500

$572,500

$608,500

$654,000

$498,000

2007

-6%

-27%

+22%

-5%

-1%

+6%

+7%

+22%

+11%

2008

2009

2010

2011

2012

2013

2014

2015

2016

All figures are based on single family home sales, which include townhomes and exclude condos.

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

701

CONDOMINIUMS ONLY Belltown, Denny Triangle, Downtown, International District, Pioneer Square, Safeco Field

High Price Listing

Belltown 583 Battery St #N2407

$1,498,000 2 Bed / 2 Bath / 1,523 SQFT MLS #: 1011855 Year Built: 2016 Style: 1 level Condo Views: Bay, City, Mountain, Sound School District: Seattle

Medium Price Listing

Denny Triangle 910 Lenora St #204

$748,800 2 Bed / 1.75 Bath / 1,313 SQFT MLS #: 1050546 Year Built: 2006 Style: 2 level Condo Views: City School District: Seattle

Low Price Listing

Belltown 2607 Western Ave #204

$425,000 1 Bed / 1 Bath / 886 SQFT MLS #: 1053035 Year Built: 2002 Style: 1 level Condo Views: Partial School District: Seattle

15

16

701

Q4 2016

715

Months Supply of Inventory >

Closed Sales >

DECEMBER (includes pending sales)

DECEMBER

less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market

705

5.1

710

700 390

701 140

54 45 1.3

2015

385

380

40

1.1

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > DECEMBER

$599,000

$569,000

$501,250 $455,000

$448,000 $381,500

2007

$408,000

$392,425

$368,837

$420,255

-2%

-15%

-3%

+11%

+23%

-22%

+7%

+43%

-5%

2008

2009

2010

2011

2012

2013

2014

2015

2016

All figures are based on condominiums.

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale condominium residences sold.

705

Ballard, Bitter Lake, Blue Ridge, Broadview, Crown Hill, Fremont, Green Lake, Greenwood, Haller Lake, Loyal Heights, North Beach, Northgate, Olympic Manor, Phinney Ridge, Sunset Hill, Wallingford, Whittier

High Price Listing

Loyal Heights 7748 31st Ave NW

$1,457,500 5 Bed / 3.5 Bath / 3,660 SQFT MLS #: 1029350 Lot Size: 4,731 sqft Year Built: 2016 Style: 2 Stories with Basement Views: City, Mountain, Ocean, Sound, Territorial School District: Seattle Medium Price Listing

Green Lake 2421 N 75th Street

$838,000 3 Bed / 1.5 Bath / 2,760 SQFT MLS #: 1046453 Lot Size: 2,665 sqft Year Built: 1931 Style: 2 Stories with Basement Views: Territorial School District: Seattle

Low Price Listing

Crown Hill 8519 12th Ave NW

$526,000 2 Bed / 1 Bath / 2,160 SQFT MLS #: 1048830 Lot Size: 6,650 sqft Year Built: 1916 Style: 11/2 Story with Basement Views: Mountain School District: Seattle

17

18

705

Q4 2016

715

Months Supply of Inventory >

Closed Sales > DECEMBER

DECEMBER (includes pending sales) 705

less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market

710

700 390

701

151

160

140

385

380

127 2.2

0.6

0.5

2015

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > DECEMBER

$650,500 $575,000 $528,975 $475,000 $426,000

2007

$390,000

$415,000

$409,000

$438,000

$469,975

-10%

-8%

+6%

-1%

+7%

+7%

+13%

+9%

+13%

2008

2009

2010

2011

2012

2013

2014

2015

2016

All figures are based on single family home sales, which include townhomes and exclude condos.

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

710

Bryant, Cedar Park, Hawthorn Hills, Inverness, Jackson Park, Lake City, Laurelhurst, Maple Leaf, Mathews Beach, Northgate, Olympic Hills, Pinehurst, Ravenna, Roosevelt, Sand Point, U District, View Ridge, Wedgwood, Windermere

High Price Listing

Sand Point 5725 NE 62nd St

$1,400,000 5 Bed / 3.25 Bath / 3,208 SQFT MLS #: 1049446 Lot Size: 5,029 sqft Year Built: 2016 Style: 2 Stories with Basement Views: Territorial School District: Seattle

Medium Price Listing

Pinehurst 11520 22nd Ave NE

$890,500 4 Bed / 2.5 Bath/ 2,230 SQFT MLS #: 1045925 Lot Size: 8,040 sqft Year Built: 2003 Style: 2 Story Views: Territorial School District: Seattle

Low Price Listing

Olympic Hills 13753 26th Ave NE

$475,000 4 Bed / 1 Bath / 1,830 SQFT MLS #: 1013886 Lot Size: 7,229 sqft Year Built: 1953 Style: 1 Story with Basement Views: None School District: Seattle

19

710

Q4 2016

715

Months Supply of Inventory >

Closed Sales >

DECEMBER (includes pending sales)

DECEMBER 705

less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market

710

700 390

701 140

2.3 89 0.8

2015

104

385

380

88

0.5 2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > DECEMBER

$632,500

$518,187 $435,000

2007

$499,000

$653,500

$526,000

$450,000

$425,000

$410,000

+19%

-18%

-4%

-4%

+15%

+11%

+5%

+20%

+3%

2008

2009

2010

2011

2012

2013

2014

2015

2016

$392,250

All figures are based on single family home sales, which include townhomes and exclude condos.

20

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

715

Echo Lake, Firlands, Hamlin Park, Hillwood, Innis Arden, Meridian Park, Richmond Beach, Richmond Highlands, Shoreline, The Highlands, Westminster

High Price Listing

Richmond Beach 19530 Richmond Beach Dr NW

$1,020,000 4 Bed / 2.5 Bath / 3,266 SQFT MLS #: 931666 Lot Size: 7,419 sqft Year Built: 2016 Style: 2 Story Views: Mountain, Sound, Territorial School District: Shoreline

Medium Price Listing

Shoreline 1825 N 199th St

$645,000 4 Bed / 1.75 Bath / 1,680 SQFT MLS #: 1052978 Lot Size: 6,000 sqft Year Built: 1955 Style: 1 Story Views: None School District: Shoreline

Low Price Listing

Shoreline 128 NE 193rd St St

$397,500 3 Bed / 1 Bath / 960 SQFT MLS #: 1045289 Lot Size: 8,861 sqft Year Built: 1958 Style: 1 Story Views: None School District: Shoreline

21

715

Q4 2016

715

Months Supply of Inventory >

Closed Sales >

DECEMBER (includes pending sales)

DECEMBER 705

less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market

700

90 80

3.9

2015

390

701

62

1.4

710

140

385

380

1.1

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > DECEMBER

$439,755

$440,000

$429,950

$452,500

$474,750

$395,985 $359,000 $309,000

$290,000 $253,750

2007

0%

-18%

-14%

-18%

+14%

+37%

+9%

+5%

+5%

2008

2009

2010

2011

2012

2013

2014

2015

2016

All figures are based on single family home sales, which include townhomes and exclude condos.

22

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

What’s in Store for the 2017 Seattle Housing Market?

By Matthew Gardner, Chief Economist, Windermere Real Estate 2016 was another stellar year for the Seattle housing market, in which a surplus of buyers and a deficit of sellers drove home prices higher across the board. So, can we expect to see more of the same in 2017?

Here are some of my thoughts on the Seattle/King County housing market for the coming year: 1 Our market has benefited greatly from very healthy job growth, driven in no small part by our thriving technology companies. Economic vitality is the backbone of housing demand, so we should continue to see healthy employment growth in 2017; however, not quite as robust as 2016. Migration to Seattle from other states will also continue in the coming year, putting further pressure on our housing market.

2 Are we building too many apartments? The answer to this question is “maybe”. I believe we are fast approaching oversupply of apartments; however, this glut will only be seen in select sub-markets, such as South Lake Union and Capitol Hill. Developers have been adding apartments downtown at frantic rates with many projects garnering very impressive rents. In the coming year, look for rental rate growth to slow and for concessions to come back into play as we add several thousand more apartments to downtown Seattle.

3 The Millennials are here! And they are ready to buy. 2016 saw a significant increase in the number of Millennial buyers in Seattle, and I expect to see even more in 2017. The only problem will be whether Millennials will be able to find – or afford – anything to buy.

4 Home prices will continue to rise. But price growth will taper somewhat. The market has been on a tear since bottoming out in 2012, with median home prices up by a remarkable 79% from the 2012 low, and 14% above the pre-recession peak seen in 2007. Given the fact that interest rates are now likely to rise at a faster rate than previously forecasted, I believe price appreciation will slow somewhat, but values will still increase at rates that are well above the national average. Look for home prices to increase by an average of 7.5 – 8.5% in 2017.

5 More homes for sale? I am optimistic that inventory levels around Seattle will increase, but it still won’t be enough to meet continued high demand.

6 This is my biggest concern for the Seattle housing market. Home prices – specifically in areas with ready access to our job centers – are pulling way ahead of incomes, placing them out of reach for much of our population. This forces many buyers to move farther away from our job centers, putting additional stress on our limited infrastructure.

We need to have an open discussion regarding zoning, as well as whether our state’s Growth Management Act is helping or hindering matters.

7 New Home Starts/Sales. As much as I would love to say that we can expect a substantial increase in new homes in 2017, I am afraid this is not the case. Historically high land prices, combined with ever increasing construction and labor costs, slow housing development, as the price of the end product is increasingly expensive. This applies to single family development as well as condominiums. We should see a couple of towers break ground in 2017, but that’s about all. Vertical construction is still prohibitively expensive and developers are concerned that there will not be sufficient demand for such an expensive end product.

8 Are we setting ourselves up for another housing crash? The simple answer to this question is no. While home price appreciation remains above the long-term average, and will continue to be so in 2017, credit requirements, down payments, and a growing economy will all act as protectors from a housing crash in Seattle.

This blog originally appeared on Windermere Seattle Spaces and Places.

23

Market Share by Company 2016

Seattle > by volume Areas 140, 380, 385, 390, 700, 701, 705 and 710.

37% 35%

Windermere 9% 11%

Coldwell Banker RE/MAX

7% 6%

John L. Scott

7% 6% 6% 6%

Keller Williams Redfin Corp

2% 6%

Berkshire Hathaway

3% 2%

Lake & Company

2% 3%

Sotheby’s International Realty

2% 2%

5%

10%

15%

20%

25%

30%

 Representing Sellers

24

35%

40%

45%

 Representing Buyers

Graphs were created by Windermere using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences and condominiums sold from 1/1/2016–12/31/2016 in areas 140, 380, 385, 390, 700, 701, 705 and 710.

Why Windermere

The Sign in Your Yard Matters A recent study shows that NWMLS brokers in King County are more confident working with Windermere brokers than any other brand.

Percent of respondents indicating they were completely confident or confident in doing a transaction.

Windermere

81%

Coldwell Banker

71%

John L. Scott

64%

RE/MAX

54%

Sotheby’s International Realty

48%

Keller Williams

45%

Lake & Company

43%

Berkshire Hathaway

34%

Gerrard Beattie & Knapp

27%

Redfin

16%

The Cascade Team

9%

The Force Real Estate

9%

RSVP Real Estate

9%

10%

20%

30%

40%

50%

60%

70%

80%

90%

The study was conducted by a third party in 2015 and included brokers who closed six or more transactions in the previous year.

25

Multiple offers? Your broker can make or break your deal.

53% of home sales involve multiple offers.* Buyers working with a Windermere broker are 15% more likely to be the selected buyer in multiple offers.*

Success in multiple offers* Change in buyer market share in multiple offers vs. non-multiple offers.

TO P T EN FI R M S CH OSEN BY B U Y ER S Windermere

3%

Skyline Properties

0.6%

Redfin

0.3%

Keller Williams

0.3%

RE/MAX

0.2%

The Force Realty

0.2%

Coldwell Banker

0.1%

Berkshire Hathaway

-0.1%

Sotheby’s John L. Scott

-0.3% -1.4%

Why Windermere brokers are most successful: • Windermere brokers help position their buyer’s offer to have the greatest appeal to the seller.

• Windermere brokers receive extensive training on how to create the most competitive offer and negotiate successfully in a multiple offer situation..

• Brokers are more confident in completing a transaction with a broker from Windermere than they are with any other real estate company.**

26

*Multiple offers estimated at listings that sold above list price. Based on single family home sales in King County in 2016. New construction, condominiums and short sales were excluded. **Based on a 2015 independent studxy of NWMLS brokers who closed six or more transactions in the previous year.

Windermere Foundation

Corporate Philanthropists We’re In Good Company Every year, the Puget Sound Business Journal publishes an annual “Corporate Philanthropists” list that ranks the region’s top 25 companies by cash giving in Washington State. In the 2015 list, the Windermere Foundation climbed eight places from the previous year to become the 16th largest corporate philanthropist in this region, with cash contributions of more than $1.14 million. We’re very proud of this accomplishment and to stand alongside other reputable companies such as Microsoft, Boeing, and Regence BlueShield.

We couldn’t have done it without our generous agents whose donations fund the Windermere Foundation.

Corporate Philanthropists Ranked by cash giving in Washington in 2014 (Company Revenues exceeding $500M)

1

Microsoft Corp | Redmond, WA | microsoft.com

■

2014 Corporate and foundation giving in Washington

■

2014 Total corporate and foundation cash giving companywide $119.00 M

2

The Boeing Co | Seattle, WA | boeing.com

■ 2014 Corporate and foundation giving in Washington

$48.10 M

$27.93 M

■ 2014 Total corporate and foundation cash giving companywide $71.00 M

3

Regence BlueShield | Seattle, WA | regence.com

■ 2014 Corporate and foundation giving in Washington

$7.69 M

■ 2014 Total corporate and foundation cash giving companywide $16.81 M

4

JPMorgan Chase & Co | Seattle, WA | jpmorganchase.com

■ 2014 Corporate and foundation giving in Washington ■ 2014 Total corporate and foundation cash giving companywide

$6.98 M NA

5

Costco Wholesale Corp | Issaquah, WA | costco.com $5.00 M ■ 2014 Corporate and foundation giving in Washington ■ 2014 Total corporate and foundation cash giving companywide $31.00 M

16

The Windermere Foundation | Seattle, WA | windermere.com

■ 2014 Corporate and foundation giving in Washington

$1.14 M

■ 2014 Total corporate and foundation cash giving companywide

$1.65 M

*As published on October 23, 2015 in the Puget Sound Business Journal.

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Gina Weigum Broker, Realtor (425) 777-0803 mobile (425) 455-5300 office ginaweigum@windermere.com ginaweigum.withWRE.com

windermere.com