Seattle Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

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Nov. 23, 2020

Local photographer's calendars raise $12k+ annually for Seattle Cancer Care Alliance

Bainbridge Island photographer Pete Saloutos recently made his annual appearance at the Seattle Cancer Care Alliance (SCCA) to give the calendars he designs and produces to the staff that saved his wife's life four years ago. It's no small token of appreciation. Sales of the calendars, filled with stunning landscape photography from around the Puget Sound and beyond, have raised more than $12,000 annually for Dr. Ed Libby and his team at SCCA.

"I wish I could write you a Bill Gates or Jeff Bezos-size check," Saloutous told the SCCA unit that treated his wife Aleta's rare form of blood cancer. "This is as deep as I can go into my heart and soul. I think people there feel that."

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Posted in News
Nov. 16, 2020

Seattle Restaurant Week arrives and it will be a month long

As the novel coronavirus struck the Emerald City and Evergreen State back in March, restaurants and bars shuttered, and upwards of 70 longtime and renowned eateries and drinkeries around Seattle have closed for good.

Alas, restaurants are making creative moves to keep afloat through the remainder of an incredibly unprecedented 2020. Some are stretching to expand outdoor dining, some are curating creative cocktail kits and now, many are launching their annual menus for the famed Seattle Restaurant Week.

Originally scheduled to begin March 29, now seven months later and the Seattle area is finally ready to assist their local businesses in what is a week dedicated to supporting and sampling Emerald City eateries.

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Posted in Local News
Nov. 15, 2020

Concern for Animals helps people care for pets during COVID-19

2020 has been a hard year for everyone. And while there may have been an uptick in pet adoptions as some people found themselves working from home with the perfect opportunity to bring in a new family member, others found themselves suddenly out of work and wondering about caring for their entire family, pet and human. While Concern for Animals had to shut their doors just like everyone else, they worked quickly to adjust the way they do things, including expanding their food bank, to make sure they could help everyone care for their pets through the pandemic.

“Our biggest goal is to support the animals in the community,” says Cella Hyde, outreach development and coordinator for Concern for Animals. “We don’t think the financial barriers should lead to an animal starving or an animal going without medical care.”

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Posted in News
Nov. 11, 2020

State Parks Announces Final 2020 Free Days

Washington State Parks and Recreation Commission will offer its two final free days of 2020 in November. On these free days, day-use visitors will not need a Discover Pass for vehicle access.

The last two free days of 2020 are Wednesday, Nov. 11, and Friday, Nov. 27.

Since the free days were first designated in 2011, the Washington State Parks and Recreation Commission established Nov. 11, Veterans Day, as one of its free days to honor those who served in the armed forces. In 2017, the agency set aside the Friday after Thanksgiving as a free day — to encourage people to get outside and visit a state park in autumn.

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Posted in News
Nov. 10, 2020

Update on COVID-19 cases in Bellevue

Washington recorded more than 1,000 new coronavirus cases on Friday, reaching a new daily high not seen since mid-July, according to the state Department of Health. The concerning trend in Washington comes amid a nationwide surge in illnesses and another single-day record broken across the United States.

Over the past week Washington confirmed 5,228 new coronavirus infections, 70 more deaths and 291 additional hospitalizations, according to state data. Since the pandemic began, the state has recorded 106,573 COVID-19 illnesses, and 2,366 Washingtonians have died.

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Posted in Local News
Nov. 9, 2020

Lakewood resident receives life-saving award

On Thursday afternoon, West Pierce Fire & Rescue presented a Lakewood resident with a lifesaving award for his quick actions during a medical aid call.

Crews responded to reports of a cardiac arrest, where a woman was found unconscious and Corporal Angel Torres was administering CPR. Corporal Torres heard someone yell for help and when he investigated, found the dire situation the patient was in.  Since he responded as quickly as he did, performing excellent CPR, and was able to help deliver information to firefighters, this resulted in a positive outcome for the patient. Upon arrival at the hospital, the patient was breathing on her own, had a pulse and was regaining consciousness. Without this intervention, the situation most likely would not have ended in the same way.

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Posted in News
Nov. 6, 2020

Mortgage rates remain steady, rise to 2.81%

The average U.S. mortgage rate for a 30-year fixed loan remained steady this week, gaining one basis point to 2.81%, Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.32%, falling from last week’s 2.33%.

After this week’s dip, there have now been 14 consecutive weeks when average mortgage rates have been below 3%. According to Freddie Mac’s chief economist, Sam Khater, low rates have provided tangible support to the economy at a critical time.

“Strong purchase demand is helping to lift the construction, manufacturing and transportation industries that build new homes and it is also leading to more consumer spending for owners, who are selling or improving their
homes,” said Khater. “On the refinance front, many consumers are smartly taking advantage of the ability to lower their monthly payment, which means they can spend, save or pay down debt more so than they have in the past.”

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Posted in Finance
Nov. 5, 2020

Housing prices rise despite low mortgage rates

Despite hovering around their all-time low for several months now, it looks like mortgage rates have done about all they can for housing affordability.

According to a new report, skyrocketing home prices have now outstripped their power, and overall homebuying affordability is now moving downward.

Data from mortgage insurer First American shows that record-low mortgage rates boosted American homebuying power for much of 2020. At one point, buyers could afford a whopping $15,000 more house thanks to declining interest rates.

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Posted in Real Estate
Nov. 4, 2020

September housing market showed a drop in pending home sales

Turns out, it isn’t all about the stainless steel appliances.

One of the many mantras in the real estate world is the saying “kitchens sell houses,” but until now there has been very little information about exactly what it was in a kitchen that would make buyers pay attention. With the help of a few homebuyers wearing glasses that track eye movements, we are beginning to have some hard facts.

It isn’t the shiny metallic fridge or the latest high-tech dishwasher their eyes go to when they first walk in the kitchen. It’s the oven. Many of the buyers in the study would go so far as to look inside the oven, and some of them would even turn it on to see how well it worked. So if you’re selling your home, make sure the oven is so clean it sparkles inside and out. If it isn’t in working order or has a few bad burners, you don’t necessarily have to get it replaced, but you might consider offering the buyer a credit for a new one.

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Posted in Real Estate
Nov. 2, 2020

Seattle public schools will remain remote through first semester

Seattle Public Schools will continue with remote learning with limited in-person instruction through the first semester of school.

In-person instruction will be prioritized for students receiving special education services, the district announced Friday.

“This approach is in response to an increase of COVID-19 cases in King County and after consultation with Seattle Education Association, Seattle Council PTSA, and the Principals’ Association of Seattle Schools,” it reads on the district’s website.

A public work session will be held on Nov. 30 to discuss in-person learning the district says. The first semester of school runs through January 28.

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Posted in News