253 Magazine April Issue

APR 2022

Local Real Estate Market Trends, Plus...

Tee Time!

Golfing in the PNW Kjell's Top 10

Spring is here What to plant Where to get your seeds

The power of Windermere. The personalized service of Windermere Chambers Bay.

Bloom Your Own Way

Local Real Estate Market Statistics Is the Market going to crash?

Spring Planting What you can plant now Tee Time!

Golf in the PNW Kjells Top 10

April Showers bring May Flowers & Summer Fruits and Vegetables

What can you plant now?

It's OK to plant cool season crops such as lettuce, beets, peas, potatoes, leeks, onions, kale, and radishes. Or you could plant some seeds if the packet says, “plant in spring as soon as the soil can be worked".

April 22

Deep Harvest Farm 100% certified organic seed.

Adaptive Seeds Bringing Biodiversity Back Ed Hume Seeds online or at your favorite Bartells

All specific to the Pacific Northwest

Tee Time!

Golf in the Pacific Northwest

So many golf courses so little time.

Did you know: Golf has a pretty solid history right here in Tacoma?

The Tacoma Golf and Country Club was established November 3rd, 1894, and the first to open in the state of Washington. The club opened with an 18 hole, 5,549 yard men's course and a 9 hole ladies course. The course was primitive by today's standards, being primarily pasture land where the occasional cow was allowed to roam. The club consisted of a clubhouse and four adjoining houses each having a specific purpose. A caretakers home, a men's locker room, a club room, and last but not least, a ladies locker room.

Meadow Park - 1915 Fircrest Golf Club - 1923 Linden Golf and Country Club - 1926 Fort Lewis Golf Course - 1929 Allenmore Golf Course - 1931 Brookdale Golf Course - 1931 Highlands Golf Course - 1931

Kjell's Top 10 FROM AROUND THE SOUND The Pacific Northwest has 40 plus courses within a short drive. For a casual day out try The Home Course in Dupont, Washington National Golf Club in Auburn, or the White Horse Golf Club in Kingston. For those of you serious about the game Chambers Bay is not only beautiful but a challenge as well. At Windermere Chambers Bay we are lucky to have a former Chambers Bay caddie in residence. Kjell Knapp has given us his recap of his Top 10 courses in the area.

1. Chambers bay Golf Course - University Place, WA Possibly the best 4 finishing holes in the state of Washington Beautiful views of the Puget Sound from over half the holes Challenging no matter what tee box you play from 2. Salish Cliffs Golf Club - Shelton, WA Beautiful views of the mountain from every hole Very secluded and quiet on the course Each tee shot is fun and challenging 3. Gold Mountain Golf Club - Bremerton, WA Beautiful views of the trees and mountains on every hole Very secluded, feels like it's just you on the course Two challenging yet fun courses (Olympic and Cascade)

Continued...

4. Newcastle Golf Club - Seattle, WA Beautiful views of the Seattle skyline Each tee shot is fun and challenging Two challenging yet fun courses (China Creek and Coal Creek) 5. White Horse Golf Club - Kingston, WA Beautiful views of Mt. Rainier Very quiet on the course Wildlife roams the course 6. Druids Glen Golf Course - Covington, WA Beautiful views of the trees and mountains Challenging course from any tee Beautiful water features on many holes 7. The Home Course - Dupont, WA Beautiful views of Mt. Rainier on over half the holes You get both a links style course and a woodlands course in one 8. Indian Summer Golf Club - Olympia, WA Beautiful views of Mt. Rainier Gorgeous homes on every hole of the golf course to look at 9. Oakbrook Golf Club - Lakewood, WA Challenging, yet fun golf course Beautiful Homes on every hole 10. Hawks Prairie Golf Club - Lacey, WA Two beautiful 18-hole golf courses Some holes are secluded yet others are surrounded by beautiful homes

CHOOSE

YOUR ADVENTURE

Top 100 Washington Courses

MUCH LIKE PEOPLE, EVERY MARKET IS UNIQUE. SOME MARKETS HAVE VIEWS, SOME LARGE YARDS. FROM HOMES BUILT AT THE TURN OF THE CENTURY TO NEW CONSTRUCTION, EACH AREA HAS ITS OWN FEATURES AND TYPES OF HOMES.

Real Estate is Local

The Power Of Windermere.

The Personalized Service Of Windermere Chambers Bay.

Is the market going to crash?

To whom it may concern, We have no control and frankly no idea. That said, all indications say no. We understand that this feels crazy, it does to us as well. What we know is that we could lose 25% of our buyer pool to higher interest rates and we will still be in ok shape. The rising interest rate will affect the lower price point first and due to the level of multiple offers being in the double digits we would still have plenty of buyers to snap up those homes. The market would, and in my opinion needs, to level to a even market, as opposed to our current seller's market. Will there be a decline in pricing? Possibly, you are looking at more of a stagnation than a drop.

Supply and demand as always drive any and all economic markets.

- Your Real Estate Broker Per Matthew Gardner - Windermere's Chief Economist I honestly believe that, all things being equal, the impact of higher mortgage rates is unlikely to significantly impact the U.S. market this year and, even with rates rising, the market will remain tight in terms of supply and will continue to favor home sellers. That said, once we break above 4.5%, I would expect to see the increased cost of financing having a greater impact on not just demand but on price growth, too.

And if you are wondering why I am so sure about this, it’s simply because we saw the exact same situation in 2018 when rates rose to 4.9% and we saw a palpable pull back in sales; which dropped from an annual rate of 5.4 million to 5 million units and the pace of price growth dropped from 5.9% to 3.3%. Now, I don’t see rates getting close to 5% for quite some time and therefore still expect demand to remain robust—off the all-time highs we have seen—but still solid given demographically-driven demand as well as increasing demand from buyers trying to find a new home before rates climb much further.

Of course, the impact of rates rising will not be felt equally across all markets.

Many areas, and especially in coastal States, have seen home values skyrocket to levels that are well above the national average. Although incomes are generally higher in these markets, buyers in more expensive areas will feel more pain from higher financing costs.

Click here for his most recent evaluation

Who you work with matters!

Expert Marketing Tools

THE POWER OF WINDERMERE.

THE PERSONALIZED SERVICE OF WINDERMERE CHAMBERS BAY.