Seattle Market Review 2017 1Q

Seattle Market Review

Q1

Seattle real estate statistics for the first quarter of 2017

Q1 2017

Local Market Update April 2017

W

hile we finally saw an increase in new listings in March, there was an even greater jump in sales. Lack of supply continued to push prices to new record highs. For the fifth straight month, our region has experienced the sharpest home price increases of any major market in the country. While that may be tough news for buyers, here’s the other reality: rents in the city of Seattle have increased 57 percent in the last six years. Brokers are hoping that more sellers will jump into the market this spring to help meet buyer demand.

SEATTLE With just two weeks of inventory available, demand in Seattle remains as strong as ever.

Packed open houses, multiple offers and escalation clauses continue to be the norm. The median price for single family home in Seattle hit $700,000 in March.

EASTSIDE After setting a price record in February, the Eastside set yet another record in March.

The median price for a single family home sold in March jumped 18 percent to $870,000. The strong appreciation is reflected in this statistic: For the first three months of 2017, the number of homes sold priced at $1 million or more was up 60 percent compared to the same period a year ago. What was once considered a luxury price tag is now the new normal.

2

KING COUNTY Home prices in King County are growing about twice as fast as the national average. The median price of a single-family home sold in March soared 13 percent over last year to $599,950, an all-time high. Even though new inventory was added, it was snapped up as soon as it came on the market. About 75 percent of homes sold within the first 30 days.

Table of Contents Q1

715

• 2017 Seattle Housing Market........................................................4 • All of Seattle.....................................................................................5 • Area 140 ........................................................................................6–7

705

710

140

• Area 385....................................................................................10–11 • Area 390....................................................................................12–13

700 701

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

• Area 700....................................................................................14–15

390

• Area 701....................................................................................16–17 • Area 705....................................................................................18–19

385

380

• Area 710.................................................................................... 20–21 • Area 715.................................................................................... 22–23 • Seattle Area Market Share...........................................................24 • Why Windermere.................................................................... 25–27 [ Click on area to jump to that page ]

3

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.

4

This blog originally appeared on Windermere Seattle Spaces and Places.

Seattle (all areas)

Q1 2017 OVERVIEW 715

Months Supply of Inventory >

Closed Sales >

MARCH (includes pending sales)

MARCH 705

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

710

700

643

390

701

545

515

140

385

380

1.8

0.6

0.5

2015

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > MARCH $700,000 $640,000

$535,000

$419,600

$450,000

$390,000

$385,000

$397,000

-8%

+1%

-1%

+3%

+16%

-3%

+19%

+20%

+9%

2008

2009

2010

2011

2012

2013

2014

2015

2016

$387,450

2007

$462,375

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

Alki 1205 Harbor Ave SW

$1,435,000 3 Bed / 3.25 Bath / 2,702 SQFT MLS #: 1068225 Lot Size: 2,549 sqft Year Built: 2016 Style: Townhouse Views: City, Mountain, Sound, Territorial School District: Seattle

Medium Price Listing

Alaska Junction 4501 41st Ave SW

$765,000 3 Bed / 3 Bath / 1,780 SQFT MLS #: 1081357 Lot Size: 1,413 sqft Year Built: 2105 Style: Townhouse Views: Mountain, Territorial School District: Seattle

Low Price Listing

West Seattle 7152 29th Ave SW

$399,000 2 Bed / 1 Bath / 1,580 SQFT MLS #: 1075436 Lot Size: 5,088 sqft Year Built: 1945 Style: 1 Story with Basement Views: Mountain, Territorial

6

School District: Seattle

140

Q1 2017

715

Months Supply of Inventory >

Closed Sales >

MARCH (includes pending sales)

MARCH 705

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

710

700 390

701

132

140

139

0.5

2015

2016

380

114

2.0

0.5

385

10 year average

2015

2016

10 year average

Median Closed Sales Price > MARCH $582,500 $512,500 $472,500

$340,000 $308,000

2007

$329,475

$305,500

$365,372

$376,000

$284,000

+10%

-3%

-7%

-7%

+29%

+3%

+26%

+8%

+14%

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.

7

380

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

High Price Listing

Mt Baker 2007 30th Ave S

$1,405,000 4 Bed / 3.5 Bath / 3,201 SQFT MLS #: 1047885 Lot Size: 4,000 sqft Year Built: 2016 Style: Multi Level Views: City, Lake, Mountain, Territorial School District: Seattle

Medium Price Listing

Mt Baker 2914 S Hill St

$672,000 2 Bed / 1 Bath / 1,740 SQFT MLS #: 1084476 Lot Size: 4,000 sqft Year Built: 1925 Style: 1 Story with Basement Views: Territorial School District: Seattle

Low Price Listing

Upper Rainier Beach 9759 Arrowsmith Ave S

$350,000 0 Bed / 0 Bath / 0 SQFT MLS #: 1057026 Lot Size: 11,300 sqft Year Built: 1925 Style: 1 Story with Basement Views: Lake, Territorial

8

School District: Seattle

380

Q1 2017

715

Months Supply of Inventory >

Closed Sales >

MARCH (includes pending sales)

MARCH 705

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

710

700 390

701

66 140

2.5

0.7

2015

2016

10 year average

2015

380

48

42

0.6

385

2016

10 year average

Median Closed Sales Price > MARCH $567,000 $511,000

$368,450

2007

$354,000

$376,250 $333,500

$402,000

$378,000

$372,900

$322,500

-4%

-6%

+13%

-14%

+17%

-1%

+8%

+27%

+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.

9

10

385

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

High Price Listing

Beacon Hill 5911 20th Ave S

$660,000 5 Bed / 3.5 Bath / 3,270 SQFT MLS #: 1076523 Lot Size: 7,350 sqft Year Built: 1995 Style: 11/2 Story with Basement Views: City, Mountain, Territorial School District: Seattle

Medium Price Listing

Beacon Hill 6025 31st Ave S

$502,000 2 Bed / 1 Bath / 1,640 SQFT MLS #: 1069971 Lot Size: 5,250 SQFT Year Built: 1953 Style: 1 Story with Basement Views: Mountain, Territorial School District: Seattle

Low Price Listing

Beacon Hill 9244 36th Ave S

$350,000 2 Bed / 1 Bath / 2,120 SQFT MLS #: 1072794 Lot Size: 7,813 sqft Year Built: 1911 Style: 1 Story with Basement Views: None School District: Seattle

385

Q1 2017

715

Months Supply of Inventory >

Closed Sales >

MARCH (includes pending sales)

MARCH 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

385

380

2.0 32 23

22

0.9 0.5 2015

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > MARCH

$596,000

$498,000 $441,500

$341,088

$324,975

$334,500

$313,000 $248,000

2007

$230,000

$250,000

-5%

-4%

-21%

-7%

+9%

+34%

+32%

+13%

+20%

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.

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

Washington Park 639 33rd Ave E

$1,887,500 4 Bed / 3.25 Bath / 3,670 SQFT MLS #: 1068007 Lot Size: 5,130 sqft Year Built: 1987 Style: Multi Level Views: City, Territorial School District: Seattle

Medium Price Listing

Montlake 2509 20th Ave E

$1,070,000 3 Bed / 2.5 Bath / 2,660 SQFT MLS #: 1063505 Lot Size: 3,200 sqft Year Built: 1929 Style: 2 Stories with Basement Views: Territorial School District: Seattle

Low Price Listing

Central Area 2321 S Holgate St

$529,000 3 Bed / 2.75 Bath / 1,425 SQFT MLS #: 1066702 Lot Size: 585 sqft Year Built: 2016 Style: Townhouse Views: Mountain, Territorial School District: Seattle

390

Q1 2017

715

Months Supply of Inventory >

Closed Sales >

MARCH (includes pending sales)

MARCH 705

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

710

700 390

701

76

72

140

2.5

0.8

0.7

2015

2016

385

380

62

10 year average

2015

2016

10 year average

$850,469

Median Closed Sales Price > MARCH $768,133

$608,500

$577,375

$460,000

2007

$591,000

$614,400

$631,000

$477,000 $440,000

-24%

-4%

+8%

+21%

+2%

+4%

+3%

+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.

13

14

700

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

High Price Listing

Queen Anne 313 Prospect St

$3,300,000 5 Bed /5 Bath / 4,669 SQFT MLS #: 1036169 Lot Size: 6,360 sqft Year Built: 2016 Style: 2 Stories with Basement Views: City, Mountain, Sound, Territorial School District: Seattle

Medium Price Listing

Queen Anne 3024 10th Ave W

$1,362,000 4 Bed / 2.25 Bath / 2,920 SQFT MLS #: 1043449 Lot Size: 5,000 sqft Year Built: 1930 Style: 2 Stories with Basement Views: Territorial School District: Seattle

Low Price Listing

Magnolia 3012 21st Ave W #B

$650,000 3 Bed / 3.5 Bath / 1,650 SQFT MLS #: 1065395 Lot Size: 1,323 sqft Year Built: 2005 Style: Townhouse Views: City, Territorial School District: Seattle

700

Q1 2017

715

Months Supply of Inventory >

Closed Sales >

MARCH (includes pending sales)

MARCH 705

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

710

700 390

701

58 2.5

0.9

2015

140

44

385

380

44

0.8

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > MARCH $992,711

$837,500 $716,000 $615,000

$607,500

$650,000

$645,000

$557,500 $500,000

2007

$469,500

-18%

+12%

-16%

+31%

+6%

+10%

-10%

+30%

+19%

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.

15

16

701

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

High Price Listing

Belltown 2720 3rd Ave #PH5

$1,800,000 2 Bed / 2 Bath / 1,564 SQFT MLS #: 1074613 Year Built: 2008 Style: 1 level Condo Views: Bay, City, Mountain, Sound, Territorial School District: Seattle

Medium Price Listing

Downtown 909 5th Ave #1704

$890,000 1 Bed / 1.5 Bath / 1,211 SQFT MLS #: 1077640 Year Built: 2008 Style: 1 level Condo Views: City School District: Seattle

Low Price Listing

Belltown 425 Vine St #302

$249,500 0 Bed / 1 Bath / 318 SQFT MLS #: 1077006 Year Built: 1999 Style: 1 level Condo Views: City, Territorial School District: Seattle

701

Q1 2017

715

Months Supply of Inventory >

Closed Sales >

MARCH (includes pending sales)

MARCH 705

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

700

3.9

44

385

380

41

36

2015

390

701 140

1.0

710

0.8

2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > MARCH

$605,000 $527,500

$525,000

$484,900

$480,750

$450,000

$435,000 $350,550

2007

$575,000

$327,500

-33%

-7%

+47%

-10%

+21%

-15%

+8%

+25%

-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.

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

Broadview 13701 8th Ave NW

$2,070,000 4 Bed / 4.75 Bath / 6,790 SQFT MLS #: 908855 Lot Size: 1.757 ac res Year Built: 2002 Style: 2 Stories with Basement Views: Mountain, Sound, Territorial School District: Seattle Medium Price Listing

Ballard 3021 NW 61st St

$900,000 2 Bed / 2 Bath / 2,180 SQFT MLS #: 1081212 Lot Size: 5,000 sqft Year Built: 1931 Style: 2 Stories with Basement Views: None School District: Seattle

Low Price Listing

Greenwood 9008 Evanston Ave N

$430,000 1 Bed / 1 Bath / 700 SQFT MLS #: 1069498 Lot Size: 4,866 sqft Year Built: 1916 Style: 1 Story Views: None School District: Seattle

705

Q1 2017

715

Months Supply of Inventory >

Closed Sales > MARCH

MARCH (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

187

390

701

140

140

139

385

380

1.3

0.5 2015

0.3 2016

10 year average

2015

2016

10 year average

Median Closed Sales Price > MARCH

$742,000 $650,000

$541,975

$434,950 $383,500

2007

$399,000

$488,500

$499,950

$420,000 $377,475

-12%

+4%

-5%

+11%

+16%

+2%

+8%

+20%

+14%

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.

19

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

View Ridge 7322 55th Ave NE

$1,975,000 4 Bed / 4.25 Bath / 3,559 SQFT MLS #: 1076335 Lot Size: 5,000 sqft Year Built: 2016 Style: 2 Stories with Basement Views: Lake, Mountain School District: Seattle

Medium Price Listing

Wedgwood 7557 45th Ave NE

$1,015,000 3 Bed / 1.75 Bath/ 2,380 SQFT MLS #: 1074604 Lot Size: 8,580 sqft Year Built: 1952 Style: 1 Story with Basement Views: Golf Course School District: Seattle

Low Price Listing

Lake City 12539 27th Ave NE

$485,000 3 Bed / 2.25 Bath / 1,550 SQFT MLS #: 1083179 Lot Size: 1,184 sqft Year Built: 2000 Style: Townhouse Views: Territorial

20

School District: Seattle

710

Q1 2017

715

Months Supply of Inventory >

Closed Sales >

MARCH (includes pending sales)

MARCH 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

385

380

1.5

0.5

0.5

2015

2016

10 year average

88

89

84

2015

2016

10 year average

Median Closed Sales Price > MARCH

$722,500

$734,000

$567,250 $497,500

2007

$477,000

$460,250

$490,000

$405,000

$406,250

-19%

0%

-4%

+23%

-4%

+6%

+16%

+27%

+2%

2008

2009

2010

2011

2012

2013

2014

2015

2016

$388,000

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.

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 19201 Richmond Beach Dr NW

$2,200,000 6 Bed / 5 Bath / 4,573 SQFT MLS #: 1064862 Lot Size: 6,504 sqft Year Built: 2015 Style: 2 Stories with Basement Views: Mountain, Sound School District: Shoreline

Medium Price Listing

Richmond Beach 19835 19th Ave NW

$770,000 4 Bed / 2.5 Bath / 2,490 SQFT MLS #: 1079377 Lot Size:7 ,555 sqft Year Built: 1964 Style: Split Entry Views: Mountain, Partial, Sound School District: Shoreline

Low Price Listing

Meridian Park 1258 N 172nd St

$490,820 3 Bed / 1 Bath / 1,110 SQFT MLS #: 1084371 Lot Size: 7,000 sqft Year Built: 1955 Style: 11/2 Story Views: None

22

School District: Shoreline

715

Q1 2017

715

Months Supply of Inventory >

Closed Sales >

MARCH (includes pending sales)

MARCH 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

2.1 32

0.5

0.6

2015

2016

10 year average

2015

385

380

36 26

2016

10 year average

Median Closed Sales Price > MARCH

$610,495

$498,750

$395,500

$391,500 $329,250

$410,500

$416,375

$373,250

$334,800 $284,950

2007

-17%

+2%

+17%

-27%

+31%

+10%

+1%

+20%

+22%

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.

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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windermere.com