Seattlemarketreview q3 2017 generic CORRECTED

Seattle Market Review

Q3

Seattle real estate statistics for the third quarter of 2017

Q3 Overview

T

he typical seasonal slowdown of new listings in September added to frustration for buyers who are competing for a very limited number of homes. Strong job growth continues to fuel demand. The state added 83,000 new jobs in the month of August, and September looked to be just as robust. The result? King, Pierce and Snohomish counties all reported double-digit price increases from a year earlier.

Seattle Seattle’s inventory remains as tight as ever, with homes being snapped up in days. A big hiring push by local employers just keeps adding to the pressure. With supply dwindling and demand soaring, prices had only one place to go — up. In September, the median single-family home price in Seattle soared 15% over a year ago to $725,000.

Eastside The median price of a single-family home on the Eastside jumped 14% over the same time last year to $855,000. As the median on the Eastside approaches the $1 million mark, the price tag that used to indicate a “luxury home” now is coming to mean “a nice house in a nice neighborhood.”

Of all the single-family homes that sold on the Eastside in September, nearly 40% sold for more than $1 million. In the city of Bellevue, two-thirds of the homes sold for more than $1 million.

King County The median price of a single-family home sold in King County in September increased 16% over a year ago to $625,000. While down from the record high of $658,000 in July, it represents the highest value for any September since records began in 2000. Among the largest metro areas in the U.S., our region has now led the nation in cost increases for the last 11 months.

Snohomish County

2

The median price of a single-family home in Snohomish County sold in September was $450,000, a 14% increase over the same time last year. With just slightly over one month inventory of homes available, it’s unlikely price growth here will slow any time soon.

Table of Contents Q3

715

• By the Numbers...............................................................................4 • All of Seattle.....................................................................................5 • Area 140 ........................................................................................6–7

705

• Area 380....................................................................................... 8–9

710

700 701 140

• Area 385....................................................................................10–11 • Area 390....................................................................................12–13 • Area 700....................................................................................14–15 • Area 701....................................................................................16–17

390

385

• Area 705....................................................................................18–19

380

• Area 710.................................................................................... 20–21 • Area 715.................................................................................... 22–23 • Area 720................................................................................... 24–25 • Why Windermere.................................................................... 26–27 • Windermere Foundation........................................................27–28 [ Click on area to jump to that page ]

3

By the Numbers FATHOM // BY THE NUMBERS

Building Blocks Building Blocks Windermere Chief Economist Matthew Gardner gives a snapshot Windermere Chief Economist of the current state of homebuilding.

Matthew Gardner gives a snapshot of the current state of SINCE SIN CE homebuilding.

• 2008 • 2008 • •

builders have started

construction of builders have started newsingle-family homes construction of new at an average annual single-family homes at of 594,000 units anrate average annual rate of per year.

In contrast, 594,000 units per year. the averagethe annual rate In contrast, average of new-home starts annual rate of new-home between 1963 and starts between 19632007 and was million.

2007 wasover over1.11.1 million.

Government regulations can Government account for nearly regulations can 25 percent of the account for nearly 25 final price of a new percent of the final single-family home.

price of a new singlefamily home.

500,000 500,000 5% 5% Cost of home building materials has risen by Cost of home building 5% due to high demand materials has risen by and low supply.

5% due to high demand

25 % 25%

Between 2004 and 2016, completions of smaller single-family homes Between 2004 and 2016, completions of smaller (under 1,800 square feet) fell from single-family homes (under 1,800 square feet) 500,000 units to 136,000. fell from 500,000 units to 136,000.

IN

•1 •6 22•0 0•1•6 IN

•

just 6 percent of

just 6 percent of homes in the Western U.S. U.S.were werepriced priced below $200,000. below $200,000.

homes in the Western

and low supply.

The U.S. housing market is in the midst of a shortage of homes for

The housing is in the midst of aAshortage of homessnapshot for sale. sale.U.S. So why aren’tmarket more homes being built? by-the-numbers shows thearen’t cost of newhomes homebeing construction been rapidly on the rise.

So why more built? Ahas by-the-numbers snapshot shows the sourced costfromofthe United newStates home construction onUniversity. the rise.

Information Census Bureau, NAHBNow, and Jointhas Center been for Housingrapidly Studies of Harvard

4

Information sourced from the United States Census Bureau, NAHBNow, and Joint Center for Housing Studies of Harvard University.

WINDERMERE.COM FALL 2017

13

Seattle (all areas)

Q3 2017 OVERVIEW 715

Months Supply of Inventory >

Closed Sales > SEPTEMBER

SEPTEMBER (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

701

390

701

696

140

567

385

380

2.4

1.0

2016

0.8

2017

10 year average

2016

2017

10 year average

Median Closed Sales Price > SEPTEMBER

$725,000 $630,000 $571,000 $517,000 $461,000

$419,600

2008

$425,000

$411,000

$414,500

-2%

+1%

-5%

+8%

+8%

+12%

+10%

+10%

+15%

2009

2010

2011

2012

2013

2014

2015

2016

2017

$394,000

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.

5

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

West Seattle 4135 21st Ave SW

$1,045,000 3 Beds / 21/2 Baths / 2,016 SQFT MLS #: 1156804 Lot Size: 4,828 sqft Year Built: 2008 Style: 2 Stories Views: Bay, Golf Course, Mountain, Territorial School District: Seattle

Medium Price Listing

West Seattle 717 SW Kenyon St

$630,101 4 Beds / 21/4 Baths / 2,130 SQFT MLS #: 1145351 Lot Size: 8,565 sqft Year Built: 1989 Style: 2 Stories Views: City, Mountain School District: Seattle

Low Price Listing

Arbor Heights 10258 35th Ave SW

$389,950 2 Beds / 1 Bath / 1,220 SQFT MLS #: 1121428 Lot Size: 5,775 sqft Year Built: 1948 Style: 1 Story with Basement Views: Mountain, Territorial

6

School District: Seattle

140

Q3 2017

715

Months Supply of Inventory >

Closed Sales > SEPTEMBER

SEPTEMBER (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

159

159

140

2.6

1.1

2016

385

380

116

0.8

2017

10 year average

2016

2017

10 year average

Median Closed Sales Price > SEPTEMBER

$605,000

$505,000 $459,000 $425,000 $395,000

$387,000

$365,000 $333,500

2008

$330,000

$327,725

-16%

+9%

-10%

-1%

+18%

+10%

+8%

+10%

+20%

2009

2010

2011

2012

2013

2014

2015

2016

2017

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.

7

380

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

High Price Listing

Mount Baker 3909 43rd Ave S

$1,750,000 4 Beds / 31/2 Baths / 3,681 SQFT MLS #: 1076469 Lot Size: 8,600 sqft Year Built: 2017 Style: Multi Level Views: Lake, Territorial School District: Seattle

Medium Price Listing

Mount Baker 2001 31st Ave S

$750,000 3 Beds / 13/4 Baths / 2,060 SQFT MLS #: 1153473 Lot Size: 5,015 sqft Year Built: 1941 Style: 1 Story with Basement Views: Territorial School District: Seattle

Low Price Listing

Hillman City 5989 Rainier Ave S #A

$440,850 3 Beds / 23/4 Baths / 1,280 SQFT MLS #: 1138275 Lot Size: 1,166 sqft Year Built: 2007 Style: Townhouse Views: City

8

School District: Seattle

380

Q3 2017

715

Months Supply of Inventory >

Closed Sales > SEPTEMBER

SEPTEMBER (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

55

2.6

1.1

1.2

2016

2017

60

140

385

380

48

10 year average

2016

2017

10 year average

$641,000

Median Closed Sales Price > SEPTEMBER $545,000

$350,000

2008

$421,000

$425,000

$360,000

$342,000 $283,000

$290,000

$297,000

-2%

-17%

+2%

+2%

+21%

+17%

+1%

+28%

+18%

2009

2010

2011

2012

2013

2014

2015

2016

2017

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.

9

10

385

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

High Price Listing

North Beacon Hill 2909 23rd Ave S

$1,086,000 4 Beds / 41/2 Baths / 4,320 SQFT MLS #: 1120880 Lot Size: 4,000 sqft Year Built: 2009 Style: 2 Stories with Basement Views: Mountain, Territorial School District: Seattle

Medium Price Listing

North Beacon Hill 2533 A 13th Ave S

$725,000 3 Beds / 3 Baths / 1,363 SQFT MLS #: 1178866 Lot Size: 1,250 SQFT Year Built: 2017 Style: Townhouse Views: Bay, City, Mountain, Territorial School District: Seattle

Low Price Listing

Beacon Hill 6926 30th Ave S

$475,000 3 Beds / 21/4 Bath / 1,800 SQFT MLS #: 1140230 Lot Size: 2,516 sqft Year Built: 2001 Style: 1 Story Views: Territorial School District: Seattle

385

Q3 2017

715

Months Supply of Inventory >

Closed Sales > SEPTEMBER

SEPTEMBER (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

701 140

2.8

0.9

2016

31

33

10 year average

2016

2017

380

29

1.2

2017

385

10 year average

Median Closed Sales Price > SEPTEMBER

$600,000

$500,000

$400,000 $365,000 $329,475

$317,500

$338,500

$282,499 $250,000

2008

$249,950

-13%

-21%

+13%

-12%

+32%

+3%

+18%

+25%

+20%

2009

2010

2011

2012

2013

2014

2015

2016

2017

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.

11

12

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 716 16th Ave E

$2,550,000 5 Beds / 23/4 Bath / 4,549 SQFT MLS #: 1115471 Lot Size: 5,760 sqft Year Built: 1902 Style: Multi Level Views: None School District: Seattle

Medium Price Listing

Madison Park 1816 37th Ave E

$1,025,000 3 Beds / 11/2 Baths / 2,090 SQFT MLS #: 1144463 Lot Size: 3,600 sqft Year Built: 1980 Style: Multi Level Views: Golf Course, Territorial School District: Seattle

Low Price Listing

Leschi 3445 E Spruce St

$633,550 2 Beds / 1 Bath / 1,440 SQFT MLS #: 1129224 Lot Size: 4,146 sqft Year Built: 1948 Style: 1 Story with Basement Views: None School District: Seattle

390

Q3 2017

715

Months Supply of Inventory >

Closed Sales > SEPTEMBER

SEPTEMBER (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

3.1

390

701

91 75

140

69

385

380

1.6 1.0

2016

2017

10 year average

2016

2017

10 year average

Median Closed Sales Price > SEPTEMBER

$658,000

2008

$805,000

$697,475

$694,500

$553,000

$795,000

$630,000

$517,000

$517,500

-7%

0%

-5%

+41%

-5%

-4%

+11%

+14%

+1%

2009

2010

2011

2012

2013

2014

2015

2016

2017

$491,000

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.

13

14

700

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

High Price Listing

Magnolia 4520 W Armour St

$2,058,000 5 Beds / 3 Baths / 4,270 SQFT MLS #: 1070047 Lot Size: 8,775 sqft Year Built: 1937 Style: 2 Stories with Basement Views: Bay, Mountain, Sound School District: Seattle

Medium Price Listing

Queen Anne 2110 Warren Ave N #B

$1,000,000 3 Beds / 31/2 Baths / 1,840 SQFT MLS #: 1135680 Lot Size: 1,593 sqft Year Built: 2007 Style: Townhouse Views: None School District: Seattle

Low Price Listing

Queen Anne 1310 W Dravus St

$460,000 1 Bed / 1 Bath / 1,480 SQFT MLS #: 1117391 Lot Size: 1,750 sqft Year Built: 1908 Style: 11/2 Stories with Basement Views: Territorial School District: Seattle

700

Q3 2017

715

Months Supply of Inventory >

Closed Sales > SEPTEMBER

SEPTEMBER (includes pending sales) 705

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

700

68

3.1

2016

390

701

67 140

53

1.4

710

385

380

1.2

2017

10 year average

2016

2017

10 year average

Median Closed Sales Price > SEPTEMBER

$932,500 $880,000

$731,000

$589,950

$591,405

$582,500 $532,475

2008

$699,950

$624,900

$552,500

-1%

-9%

+4%

+7%

+6%

+17%

-4%

+33%

-6%

2009

2010

2011

2012

2013

2014

2015

2016

2017

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.

15

16

701

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

High Price Listing

Downtown 715 2nd Ave #1506

$2,095,000 2 Bed / 21/2 Bath / 3,050 SQFT MLS #: 1161540 Year Built: 2000 Style: 2 level Condo Views: Bay, City, Partial School District: Seattle

Medium Price Listing

Downtown 1920 4th Ave #910

$818,000 1 Bed / 13/4 Bath / 1,309 SQFT MLS #: 1115624 Year Built: 2010 Style: 1 level Condo Views: City School District: Seattle

Low Price Listing

Downtown 2440 Western Ave #617

$400,000 1 Bed / 1 Bath / 623 SQFT MLS #: 1136613 Year Built: 1998 Style: 1 level Condo Views: City School District: Seattle

701

Q3 2017

715

Months Supply of Inventory >

Closed Sales > SEPTEMBER

SEPTEMBER (includes pending sales) 705

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

700

3.8

1.3

2015

2016

390

701

76

1.4

710

10 year average

2015

140

47

48

2016

10 year average

385

380

Median Closed Sales Price > SEPTEMBER $712,250

$695,000 $607,000

$409,000 $348,200

2008

$409,500

$367,250

$375,000

+5%

+2%

-8%

+19%

-13%

+15%

+74%

-2%

-13%

2009

2010

2011

2012

2013

2014

2015

2016

2017

$355,000

$344,750

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.

17

18

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

North Beach 2100 NW 99th St

$1,900,000 4 Beds / 31/2 Baths / 3,611 SQFT MLS #: 1136846 Lot Size: 19,776 sqft Year Built: 1934 Style: 2 Stories with Basement Views: Mountain, Sound, Territorial School District: Seattle Medium Price Listing

Ballard 6728 23rd Ave NW

$770,000 3 Beds / 2 Baths / 2,280 SQFT MLS #: 1117701 Lot Size: 5100 sqft Year Built: 1931 Style: 2 Stories with Basement Views: None School District: Seattle

Low Price Listing

Haller Lake 14318 Courtland Place N

$467,000 3 Beds / 1 Bath MLS #: 1168675 Lot Size: 4,935 sqft Year Built: 1942 Style: 1 Story Views: None School District: Seattle

705

Q3 2017

715

Months Supply of Inventory >

Closed Sales > SEPTEMBER

SEPTEMBER (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

189

190

390

701

159

140

385

380

1.8 0.8

2016

0.5 2017

10 year average

2016

2017

10 year average

Median Closed Sales Price > SEPTEMBER

$740,500 $650,000 $582,000 $524,500 $468,500

$435,000

2008

$434,000

$410,000

$415,000

-6%

+1%

-3%

+8%

+8%

+12%

+11%

+12%

+14%

2009

2010

2011

2012

2013

2014

2015

2016

2017

$400,500

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.

19

710

Bryant, Cedar Park, Hawthorne 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

Laurelhurst 5119 NE 42nd St

$1,875,000 5 Beds / 31/4 Baths / 3,380 SQFT MLS #: 1118421 Lot Size: 7,875 sqft Year Built: 1947 Style: 2 Stories with Basement Views: Lake, Mountain, Territorial School District: Seattle

Medium Price Listing

Maple Leaf 1109 NE 82nd Street

$815,574 3 Beds / 13/4 Baths / 1,640 SQFT MLS #: 1153515 Lot Size: 2,750 sqft Year Built: 1927 Style: 1 Story with Basement Views: None School District: Seattle

Low Price Listing

Jackson Park 12732 10th Ave NE

$479,000 3 Beds / 1 Bath / 1,150 SQFT MLS #: 1145412 Lot Size: 7,241 sqft Year Built: 1950 Style: 1 Story with Basement Views: None

20

School District: Seattle

710

Q3 2017

715

Months Supply of Inventory >

Closed Sales > SEPTEMBER

SEPTEMBER (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

701 140

2.0

0.8

0.8

2016

2017

10 year average

108

112

2016

2017

385

380

95

10 year average

$780,626

Median Closed Sales Price > SEPTEMBER $650,500 $605,194

$435,250

2008

$455,500

$465,000

$481,500

$501,000

$445,000 $409,000

+5%

+2%

-4%

-8%

+18%

+4%

+21%

+7%

+20%

2009

2010

2011

2012

2013

2014

2015

2016

2017

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.

21

715

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

High Price Listing

Richmond Beach 19105 Richmond Beach Dr NW

$1,660,000 4 Beds / 31/2 Baths / 3,620 SQFT MLS #: 1133724 Lot Size: 7,576 sqft Year Built: 1925 Style: 2 Stories with Basement Views: Mountain, Sound School District: Shoreline

Medium Price Listing

Shoreline 345 NW 189th St

$673,000 3 Beds / 13/4 Baths / 2,020 SQFT MLS #: 1166281 Lot Size: 9,394 sqft Year Built: 1954 Style: 1 Story Views: None School District: Shoreline

Low Price Listing

Shoreline 14817 Ashworth Ave N

$466,700 2 Beds / 1 Bath / 870 SQFT MLS #: 1123145 Lot Size: 8,160 sqft Year Built: 1950 Style: 1 Story Views: None

22

School District: Shoreline

715

Q3 2017

715

Months Supply of Inventory >

Closed Sales > SEPTEMBER

SEPTEMBER (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

2.9

140

385

380

45

1.1

2016

2017

33

32

1.4

10 year average

2016

2017

10 year average

Median Closed Sales Price > SEPTEMBER

$610,000

$515,250

$381,200 $332,500

2008

$314,000

$298,000

$382,475

$385,000

$486,000

$311,375

-13%

-6%

-5%

+4%

+23%

+1%

+34%

-6%

+26%

2009

2010

2011

2012

2013

2014

2015

2016

2017

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.

23

720

Lake Forest Park, Shoreline

High Price Listing

Sheridan Beach 15523 Lake Shore Blvd NE

$1,280,000 4 Beds / 21/2 Baths / 2,890 SQFT MLS #: 1173723 Lot Size: 11,536 sqft Year Built: 1976 Style: 2 Stories Views: Lake, Mountain School District: Shoreline

Medium Price Listing

Lake Forest Park 20255 37th Ave NE

$645,950 4 Beds / 3 Baths / 2,410 SQFT MLS #: 1141416 Lot Size: 32,234 sqft Year Built: 1984 Style: 2 Stories Views: None School District: Shoreline

Low Price Listing

Shoreline 19044 14th Ct NE

$426,000 2 Beds / 13/4 Baths / 1,160 SQFT MLS #: 1153600 Lot Size: 1,008 sqft Year Built: 2006 Style: Townhouse Views: Mountain, Territorial

24

School District: Shoreline

720

Q3 2017

715

Months Supply of Inventory >

Closed Sales > SEPTEMBER

SEPTEMBER (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

64

140

56

2.7

385

380

38 1.3 0.9

2016

2017

10 year average

2016

2017

10 year average

Median Closed Sales Price > SEPTEMBER

$605,000

$510,600 $445,000 $370,000

$345,000 $313,725

2008

$375,000

$401,750

$340,000 $306,500

-15%

+10%

-1%

-10%

+22%

+7%

+11%

+15%

+18%

2009

2010

2011

2012

2013

2014

2015

2016

2017

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.

25

Why Windermere

WINDERMERE WINDERMERE WINDERMERE

STRENGTH IN NUMBERS STRENGTH IN NUMBERS STRENGTH IN NUMBERS Strength in Numbers ■■ Windermere brokers sell nearly five times ■■ In 2016 Windermere closed over 85,000 ■ ■ Windermere sell five InIn2016 Windermere closed over 85,000 ■■ Windermerebrokers brokers sellnearly nearly fivetimes 2016 Windermere closed the number of homes oftimes the average real transactions for over more85,000 than 33.2 billion the number of homes of the average real transactions for more than 33.2 billion of homes of the average realtimes ■ Intransactions 2016 Windermere closed over 85,000 Windermere brokers nearly five the for more than 33.2 billion estate broker insell the Western Washington dollars in volume sales, making it the the■number estate broker in the Western Washington dollars sales, making it the estate broker in the Western Washington transactions for more than 33.2 billion dollars number of homes of the average real estate dollarsininvolume volume sales, making it the region, providing our clients with largest regional real estate company region, providing our clients largest regional real estate company region, providing our clients with working inlargest volume sales, making it the largest regional broker in the Western Washington region, regional real estate company confidence thatwith they’re with the in the Western U.S. confidence that they’re working with the in the Western U.S. confidence that working with the that real estate company providing our clients withinconfidence in the Western U.S.in the Western U.S. bestthey’re professionals the business.

■■ Windermere has more than 300 offices best professionals in the business. best professionals in the business. they’re working with the best professionals in ■■ ■ ■ Windermere ■ Windermere than 300 offices and has more than 300 offices ■■ With more than 39 percent of the luxury Windermerehas hasmore more than 300 offices and over 6,000 brokers throughout the the business.

■■ ■ ■ With over 6,000 brokers throughout Western 39 ofofthe luxury and brokers throughout the Withmore morethan than 39percent percentshare, theWindermere luxury andover over6,000 6,000 brokers throughout the home market clients Western U.S. andthe Mexico.

■

With more than 39 percent of the luxury home U.S. and Mexico. home market share, Windermere clients Western U.S. and Mexico. home market share,from Windermere clients Western U.S. and Mexico. benefit our unique approach to market share, Windermere clients benefit from benefit from our unique approach to benefit frommarketing our unique approach to both locally high-end homes ourhigh-end unique approach to marketing high-end marketing homes both locally marketing high-end homes both locally and internationally. homes both locally and internationally. and andinternationally. internationally.

■■ ■■

WASHINGTON

MONTANA

WASHINGTON WASHINGTON

MONTANA MONTANA OREGON

IDAHO

OREGON OREGON

IDAHO IDAHO

2016

Market Share by Company Market Share Market Shareby byCompany Company

By Volume NWMLS

NEVADA NEVADA NEVADA

UTAH

2016 2016

NWMLS NWMLS

UTAH UTAH CALIFORNIA

ByByVolume Volume

Greater Puget Sound Region

CALIFORNIA CALIFORNIA

ARIZONA

Greater Puget Sound Region Greater Puget Sound Region

Windermere

ARIZONA ARIZONA

Windermere Windermere

HAWAII HAWAII HAWAII

32%12% 32% 12%

Coldwell Banker

BAJA BAJA

Sotheby’s International Realty Sotheby’s International Realty

6% 6% 5% 5%

RE/MAX

39% 39%

10% 8%

10% 10% John L. Scott John L. Scott 8% International Realty Sotheby’s 8%

BAJA

39% 32%

12% 12% 12% John L. Scott 12%

Coldwell Banker Coldwell Banker

$1,000,000+

$1,000,000+ $1,000,000+

6% 5% 4%

5% ■ ■Windermere brokers whowho specialize in luxury ■ 4%4% Windermere brokers specialize RE/MAX

RE/MAX

Windermere brokers specialize home saleswho attend monthly networking Windermere who specialize inbrokers luxury home sales attend monthly ■■ Windermere is ranked as the largest ininluxury home sales attend monthly meetings where they collaborate and PUGET SOUND luxury home sales attend monthly networking meetings where theyshare ■■ ■ ■ Windermere isresidential ranked asas the largest Windermere rankedas the largest real estate firm in the Puget SOUND PUGET SOUND REAL networking meetings where they ■PUGET Windermere isisranked the largest property listing information with other networking collaborate meetings where they property listing ESTATE RANKINGS and share residential real estate firm ininthe Puget residential real estate firmin the Puget Sound area by the Puget Sound Business REAL ESTATE RANKINGS collaborate and share property listing residential real estate firm the Puget Sound Windermere brokers represent clients REAL ESTATE RANKINGS collaborate and share property listing information with who other Windermere Sound area the Puget Sound Business Asby part of the Puget Sound Businessmore Journal’s Book of Lists, this highly-respected business Sound area by the Puget Sound Business Journal, reporting than double the other Windermere area by thepublication Puget publishes Soundan Business Journal, inwith the high-end market, producing superior information with other Windermere annual “Residential Real Estate Firms” list that information ranks the region’s top brokers who represent clients in the AsAs part ofof the Puget Sound Business Journal’s Book ofof Lists, this highly-respected business Journal, reporting more than double the part the Puget Sound Business Journal’s Book Lists, this highly-respected business Journal, reporting more than double the real estate firms.

The Real “Residential Real Estate Firms” rankings are based on residential sales sales volume of the next-largest firm. publication publishes an annual “Residential Estate Firms” list that ranks the region’s top brokers who represent clients in the reporting than double the sales volume representation and results for clients. publication publishesmore an annual “Residential Real Estate Firms” list that ranks the region’s top brokers who represent clients in the high-end market, producing superior volume inReal theEstate Puget Firms” Soundrankings area, with Windermere reportingsales more than double the sales real estate firms.

The “Residential areare based onon residential sales volume ofof the next-largest firm. real estate firms.

The “Residential Real Estate Firms” rankings based residential sales volume the next-largest firm. volume ofwith its closest competitor. market, producing superior ofsales next-largest firm. volume inthe the Puget Sound area, Windermere reporting more than double the sales high-end market, producing superior volume in the Puget Sound area, with Windermere reporting more than double the sales high-end representation and resultsparticipate for clients.in ■ Windermere brokers routinely volume ofof itsits closest competitor. volume closest competitor.

Residential Real Estate Firms representation and results for clients. representation results fortours clients.

The largest in the Puget Sound area. Ranked by residential sales volume for 2015. weeklyand office listing which give them Residential ■■ Windermere brokers routinely participate ResidentialReal RealEstate EstateFirms Firms The largest in in thethe Puget Sound area.

Ranked byby residential sales volume forfor 2015.

The largest Puget Sound area.

Ranked residential sales volume 2015.

1 Windermere Real Estate | Seattle, WA | windermere.com intimate knowledge of what’s on the market ■■ ■ ■ Windermere brokers routinely participate Windermere routinely participate inbrokers weekly office listing tours which give 2015 Residential Sales Volume $18,920,000,000 1 1Windermere Real Estate WA Windermere Real Estate| Seattle, | Seattle, WA| windermere.com | windermere.com at all times and create added exposure for in weekly office listing tours which give Licensed Agents 2,900 in weekly office toursknowledge which give 2015 Residential Sales Volume $18,920,000,000 themlisting intimate of what’s on 2015 Residential Sales Volume $18,920,000,000 Offices in Washington 159 Licensed Agents 2,900 Windermere listings.

Licensed Agents 2,900 them intimate knowledge of what’s on them intimate of times what’sand on create added theknowledge market at all Offices in in Washington 159 Offices Washington 159 2 John L. Scott Real Estate | Bellevue, WA | johnlscott.com the market at all times and create added the market at all times and create added exposure for Windermere listings.

2015 Residential Sales Volume $7,660,000,000 2 2John L.L. Scott Real Estate WA John Scott Real Estate| Bellevue, | Bellevue, WA| johnlscott.com | johnlscott.com Licensed Agents$7,660,000,000 1,653 exposure for Windermere 2015 Residential Sales Volume exposure for Windermerelistings. listings.

2015 Residential Sales Volume $7,660,000,000 ■■ ■■

5%

5%

3% 3% Keller Williams Keller Williams 4% 4%

3% 3% Avenue Properties Avenue Properties1% 1%

Keller Williams

Avenue Properties

3% 4% 3% 1%

5%

10%

15%

20%

25%

30%

 Representing Sellers

5%5% 10% 10% 15% 15% 20% 20% 25% 25% 30% 30% 35% 35% 40% 40% 45% 45%

35%

40%

45%

 Representing Buyers

 Representing Sellers  Representing Buyers  Representing Sellers  Representing Buyers

Graphs were created by Windermere using NWMLS data for all NWMLS areas, covering the greater Puget Sound region. Data reflects all new and resale single-family residences and condominiums sold in 2016. Companies not shown represented less than 1% of buyers and sellers in the high end; grouped by company brand name.

Information was not verified or published by NWMLS. Graphs were created by Windermere using NWMLS data for all NWMLS areas, covering the greater Puget Sound Graphs created byand Windermere using NWMLS data allWindermere NWMLS areas,Services covering the greater © for 2017 AllPuget rightsSound reserved. | MSG-PSHE2-0217 region.

Data were reflects all new resale single-family residences and condominiums sold inCompany.

2016.

Companies not region.

Data reflects new1% andofresale single-family andend; condominiums in 2016. brand Companies shown represented lessall than buyers and sellersresidences in the high grouped bysold company name.not shown represented less than 1% of buyers and sellers in the high end; grouped by company brand name.

Information was not verified or published by NWMLS. Information was not verified or published by NWMLS. © 2017 Windermere Services Company. All rights reserved. | MSG-PSHE2-0217 © 2017 Windermere Services Company. All rights reserved. | MSG-PSHE2-0217

■

■ ■ ■

■

■

■

■ ■

■

■

■

■

■ Offices in Washington 71 Licensed Agents 1,653 ■ Licensed Agents 1,653 ■ Offices in Washington 7171 ■ Offices in Washington 3 Keller Williams Northwest Region | Spokane, WA | kw.com ■ 2015 Residential Sales Volume $5,800,000,000 3 3Keller Williams Northwest Region WA Keller Williams Northwest Region| Spokane, | Spokane, WA| kw.com | kw.com ■ Licensed Agents 2,196 ■ 2015 Residential Sales Volume $5,800,000,000 ■ 2015 Residential Sales Volume $5,800,000,000 ■ Offices in Washington 15 ■ Licensed Agents 2,196 ■ Licensed Agents 2,196 ■ Offices in Washington 1515 ■ Offices in Washington 4 RE/MAX LLC | Denver, CO | remax.com ■ Residential Sales Volume $5,180,000,000 4 4RE/MAX LLC COCO|2015 remax.com RE/MAX LLC| Denver, | Denver, | remax.com ■ Licensed Agents 1,370 ■ 2015 Residential Sales Volume $5,180,000,000 ■ 2015 Residential Sales Volume $5,180,000,000 ■ Offices in Washington ■ Licensed Agents 1,370 Company. All rights 78 reserved.

■ Licensed ©2017 Agents Windermere Services 1,370 ■ Offices in Washington 78 ■ Offices Services in Washington 78 ©2017 Windermere Company.

All rights reserved. ©2017 Windermere Services Company.

All rights 5 Coldwell Banker Bain reserved. | Bellevue, WA | coldwellbankerbain.com ■ 2015 Residential Sales Volume $4,430,000,000 5 5Coldwell Banker Bain | Bellevue, WA | coldwellbankerbain.com Coldwell Banker Bain |■ Bellevue, WA | coldwellbankerbain.com ■

26

(continued) (continued)

(continued)

©2017 Windermere Services Company. All rights reserved.

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Why Windermere WINDERMERE WINDERMERE WINDERMERE

STRENGTH IN NUMBERS NUMBERS STRENGTH IN STRENGTH IN NUMBERS

Strength in Numbers continued

TOTAL U.S. PROPERTIES total > $1M TOTAL U.S. PROPERTIES TOTAL U.S. PROPERTIES total > $1M total > $1M 14,000

14,000 14,000

12,000

12,000 12,000

10,000

10,000 10,000

8,000

8,000 8,000

6,000

6,000 6,000

4,000

4,000 4,000

2,000

2,000 2,000

0

0 0

■■

n ColdwellBankerPreferred.com n LuxuryPortfolio.com nn ColdwellBankerPreferred.com nn LuxuryPortfolio.com KWLuxuryHomes.com SothebysRealty.comn ColdwellBankerPreferred.com n LuxuryPortfolio.com n KWLuxuryHomes.com nn SothebysRealty.com ChristiesRealEstate.com n KWLuxuryHomes.com n SothebysRealty.com n ChristiesRealEstate.com n ChristiesRealEstate.com Source: Mintel International Website Survey June 2016 ■■ Mintel Website International Survey June 2016 Source: MintelSource: International SurveyWebsite June 2016

■■ Windermere recognizes that success ■■ Windermere recognizes success Windermere recognizes that success ■ Windermere recognizes thatthat success comes comes through supporting our local comes through supporting our local comesthrough through supporting our local supporting our local communities. communities. That’s why 100 percent communities.

That’s why 100 percent communities.

That’s why 100to percent That’s why 100 percent of our give of our brokers give the brokers Windermere of our brokers give to the Windermere of ourtobrokers give to the Windermere the Windermere Foundation, which Foundation, which has raised morehas Foundation, which has raised more Foundation, which has raised more raised than 33dollars milliontodollars to support thanmore 33 million support than 33 dollars million dollars tofamilies support than 33 million to support low-income and homeless in our low-income and homeless families low-income and homeless families low-income and homeless families communities. in our communities. in our communities. in our communities.

■ ■Since 1984, Windermere associates have ■ Since 1984, Windermere associates have ■ ■ Since 1984, Windermere associates have donated more than 1.5 million Since collectively 1984, Windermere associates have collectively donated more than 1.5 million collectively donated more than 1.5 million hours of community towards collectively donated moreservice than 1.5 million hours of community service towards of community service towards projects through hours neighborhood-enhancing ofhours community service towards neighborhood-enhancing projects through neighborhood-enhancing projects through our annual Community Service Day. Day. neighborhood-enhancing projects through our annual Community Service our Community annual Community our annual Service Service Day. Day.

■■ As an affiliate of Leading Real Estate ■■ affiliate AsofanLeading affiliate of Leading Real Estate As an of Leading Real Estate ■ an affiliate Real Estate Companies of the World®, Windermere Companies of the World®, Windermere Companies of the World®, Windermere Companies of is the partWorld®, of the Windermere network thatis dominates is the partnetwork ofthat thedominates network that dominates thatacross dominates partisofpart theof network inthe more in more markets U.S., with inmarkets more markets across the U.S., with in more across the U.S., with markets across the U.S., with #1 market ranking #1 market ranking in 42% of the top #1top market ranking in the 42%top ofmore the top #1 market ranking in 42% of in 42% of the markets—significantly markets—significantly more than our markets—significantly more than our markets—significantly more than our than our closest national franchise competitor. closest national franchise competitor. closest national franchise competitor. closest national franchise competitor.

■ Windermere is a proud member of Luxury ■■ Windermere is a proud member of ■International®, ■ Windermere is luxury amember proud member of ■ ■ Windermere Portfolio the division is aPortfolio proud of of the Luxury International®, luxury Luxury Portfolio International®, the luxury Leading Real Estate Companies of the World®.

Luxury Portfolio International®, the luxury division of Leading Real Estate Companies ■ Buyers sellers andand sellers whowho workwork with with Windermere division of Leading RealCompanies Estate Companies ■ ■■■Buyers division of Real Estate ■ Luxury Portfolio: of Leading the World®.

Buyers andwho sellers who work with ■■ Buyers and sellers work with Windermere the stability benefit from the benefit stabilityfrom and experience ofmore the $1M+ World®.

World®.

Sells U.S. homes than any of the Windermere benefit from the stability Windermere benefit from the stability ■■ Luxury Portfolio: and experience that come from being that come from being a successful family-run

network or franchise ■■ Portfolio: and experience thatfrom come from being Luxury Portfolio: ■ ■ Luxury and experience that come being a successful family-run business for business for more than 40 years. p■ Sells Represents more $1M+ homes than any a successful

more $1M+ U.S. than homes a successful family-run business for family-run business for than Real 40 years.

■ Sells moreU.S. $1M+ U.S. than homes than any ■ As more p■ Sellspmore $1M+ homes any the Official Estate Company of any othernetwork luxury network or franchise more more than 40than years.40 years. network or franchise network or franchise the Seattle Seahawks, ■ ■ As the Official RealWindermere’s Estate Features a website that reaches 200

p■ Represents more $1M+ homes than ■■ Official As the Official Real Estate ■■ As the Real Estate #TackleHomelessness campaign raised Company of the Seattle Seahawks, p■ Represents

countries/territories around the world more $1M+ homes than p■ Represents than anymore other$1M+ luxuryhomes network Company of to thebenefit Seattle Seahawks, Company of the Seattle Seahawks, $35,000 in 2016 homeless youth.

Windermere’s #TackleHomelessness anyluxury othernetwork luxury network any other Windermere’s #TackleHomelessness Windermere’s #TackleHomelessness p■ Features a website that reaches 200 campaign raised $35,000 in 2016 to p■ Features a website that reaches campaign raised $35,000 p■ Features a website that reaches 200 the200 raisedhomeless $35,000 inyouth.

2016 in to 2016 to countries/territories around world campaign benefit countries/territories the world benefit benefit homeless countries/territories around around the world homeless youth. youth.

■ ■ As

©2017 Windermere Services Company. All rights reserved. ©2017 Windermere Services Company. All rights reserved. ©2017 Windermere Services All rights reserved. ©2017 Windermere Services Company.

AllCompany. rights reserved.

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27

Windermere Foundation

28

WINDERMERE.COM/FOUNDATION WINDERMERE.COM/FOUNDATION

Windermere Foundation

W I N D E R M E R E .CO M / FO U N DAT I O N

29

windermere.com