Q2, 2020 Report Quarterly Stats by Whidbey Communications
-Why we are better together at Windermere
Many people think of real estate as a cutthroat competitive sales business akin to the dynamics that are portrayed on a TV show like Million Dollar Listing. The world is always pitting competition vs. collaboration against each other as if these two things are completely exclusive from one another.
This is why it is so darn refreshing when you see collaboration amongst “competitors,” and it’s something we see at Windermere all the time.
One of Windermere’s core values is that we are all better together, and we are huge believers in the very different way Windermere real estate agents operate. But what does “better together” really mean? How does this play out in the day-to-day?
Of course, “better together” in part refers to the collaboration aspect in real estate. No one doubts two heads are better than one when it comes to problem-solving, and how about ten heads or a whole brokerage full of knowledgeable professionals to draw from? In our brokerage, a seasoned agent or a total newbie who comes up against something unusual (which happens more often than you would think) can easily pick the brains of agents representing 100’s of years of experience. From in-person conversations to our Facebook group page; we encourage ideas, questions, new information, resources, and sometimes just funny memes. Real estate is about being creative, not taking no for an answer and problem solving like a maniac. Having a support group you can rely on results in miracles for your clients other agents can’t produce.
“Better together” also means we have a lot of pride in the standard Windermere sets in the real estate industry. This translates to holding each other accountable when a colleague is delivering less than their best. For those of us who thoroughly understand the benefits of holding the real estate industry to a high standard, it literally hurts our hearts when we see agents acting in ways that are embarrassing for our profession and even worse, harmful to the client. This is why we believe in continually raising the bar on this industry so others have to stretch themselves just to keep up.
We take the idea of “better together” seriously but that doesn’t mean we don’t like to have fun doing it!
The video below was envisioned, orchestrated, and paid for by the agents. It is a pure collaboration amongst some of the most successful agents at Windermere in Oak Harbor who have intense respect for one another and understand that being better together helps everyone.
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Pristine 2-Bedroom End-Unit Condo Awaits in Premium Mariner’s Ridge Community in Anacortes
Offering the opportunity for low-maintenance living and completely move-in ready, this 2-bedroom, 2-bath condo in the premium Mariner’s Ridge community presents a fantastic opportunity! Not only has this spacious 1,114-square-foot home been lovingly cared for over the years, but the community association keeps your surroundings looking pristine. $220/month covers common area maintenance, garbage, and lawn service, meaning you have more time to spend on the things you love!
Located at 3614 Portage Lane 100 Anacortes, WA 98221 on the eastern hillside of Anacortes and close to NAS Whidbey, Anacortes Community Forest North, grocery shopping, restaurants, and more. This condo is listed for $329,000.
Featuring a captivating blend of modern nautical exterior architecture and northwest craftsman interior finishes, this condo is sure to inspire pride in ownership each time you arrive home. Picturesque mature landscaping leads you right to your front door, and the end-unit location ensures you have a peaceful, quiet atmosphere and extra privacy. Gorgeous hardwoods guide you into the main living area, an open-concept space where abundant natural light cascades in through tall windows.
The well-appointed kitchen shows off a smart layout replete with generous cabinetry storage, shimmering granite counters, and sleek stainless steel appliances. Several electrical outlets make it easy to put appliances to work while you whip up home-cooked meals or spend the day baking, and the breakfast bar allows you to entertain with ease. The dining area is just steps away and overlooks the living room, a bright and airy haven designed with entertaining in mind. From here, sliding glass doors lead to a private patio and a lush lawn that extends your living space even more, and you can relax out here all summer long!
This condo’s 2 bedrooms and 2 baths provide flexibility, and the master suite is especially not to miss. In addition to a spacious bedroom layout where large windows fill the retreat with rejuvenating natural light, there’s also a walk-in closet and a sumptuous 5-piece ensuite bath. Spa-inspired amenities rest alongside a palette of neutral-hued finishes that make indulgent bubble baths and wellness routines all the more luxurious.
Living in Anacortes
At 3614 Portage Lane 100 Anacortes, WA 98221, you’re tucked away in Homestead Northwest’s premium Mariner’s Ridge Community. Located on the eastern hillside overlooking Fidalgo Bay, this community not only offers the possibility for an easy “lock up and go” lifestyle, but you’re also merely minutes from local conveniences. From here you’re only about a 17-minute drive to Naval Air Station Whidbey, and you’ll find schools, grocery stores, the library, restaurants, medical services, the marina, and much more no more than a 10-minute drive away.
For those who love adventuring outdoors, you’re also surrounded by opportunities to spend time out in the fresh air! Just around the corner, you’ll find the 2,800-acre Anacortes Community Forest North, an expansive park network that includes lakes for fishing, well-marked and maintained trails for hiking, mountain biking, and horseback riding, as well as scenic wetlands, meadows, and old-growth forests.
Ahem… I mean yes, it is an excellent time to sell. However, we don’t want to just tell you our professional opinion. We will show you and we will make it simple.
- Prices keep rising.
- There are not enough available homes for the number of buyers ready to buy.
- Demand will keep prices rising.
Let’s start with point #1: Prices keep rising.
This chart shows the median sales price since the beginning of 2015 for residential homes + condos. Pretty steady upward trend. Would you like another data point telling the same story? Ask and you shall receive…
This chart shows you the median price per square foot since the beginning of 2015 to now. Again, pretty easy to see what’s going on here.
Let’s look at point #2 a little closer: There aren’t enough homes to satisfy all the buyers out there.
As you can see by this graph of the number of homes for sale there are consistent seasonal variations but the overall trend has been a precipitous downward slope.
This is another way to look at the same story but takes into account how many homes are going pending (or being sold). North Whidbey only has 1.2 months of inventory (pending). This means that if homes kept selling at the rate they are and no new listings came on the market it would only take 1.2 months to completely run out of homes. Anything less than 4 months indicates a seller’s market. We’ve been in a seller’s market since 2016 but it just keeps going down and we are now at a dramatic low.
OK now for Point #3: Demand will keep prices rising.
This is just basic supply and demand economics. When demand exceeds supply, prices rise. Until we have less demand, or the supply of homes comes up to meet the demand we will continue to see home prices inch their way up. For homes in good condition, with quality upgrades that have been well maintained and professionally presented, we are seeing a much bigger bump in what buyers are willing to pay.
To see a few examples of recent homes that were expertly staged and prepared for the market to help sellers fetch top dollar check out these beauties…
Keep an eye out for our next post addressing the BIG question on seller’s minds when contemplating taking advantage of this amazing seller’s market…
We will also address the fact that we actually have two markets happening right now. If you are in the lucky position to sell a home under 400k to move into a home over 600k this is the perfect time!
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When it comes to the struggle of entertaining quarantined kids, Windermere moms get it!
Like many of you, we have spent the last few weeks cooped up in our homes with our families and have been trying desperately to keep entertained. Through the weeks our “Windermoms” have discovered their favorite activities to do with their kids and want to share them with you!
One of my daughter’s favorite things to do is painting. And she loves to paint anything and everything! So I introduced her to painting rocks! We love to look for painted rocks when we are out and about and she wanted to make some for us to hide when we are at parks and on trails. During this time where parks and trails have been closed, we have enjoyed painting them and talking about all the fun we will have hiding them in the near future. This is an especially great activity for a rainy day. – Rachel Bennett
My family has really enjoyed cooking together. My kids pick a theme, research the recipe they want to make, and they each are responsible for a portion of dinner. It’s been great together time and they are loving being challenged with recipes we’ve never made. – Marissa Evans
I was born and raised in Italy and food has always been a profound part of my life. In everyday life, families gather around the table and enjoy each other’s company over the delicious homemade meals prepared. For most of us, it’s like an art and I find joy when I’m able to recreate for my son those traditional dishes my mom prepared for me when I was little. I always find comfort and relief in cooking, especially baking. The smell of freshly baked bread always brings back memories of me and my mom baking several loaves of bread in our country home. Sliced with homemade olive oil, oregano, salt, and crushed red pepper flakes … yum! Fresh ingredients, colorful dishes, great company, and a bit of wine. What’s not to love? – Simona Groves
Our favorite activity since we’ve been in quarantine has been cooking. We’ve made everything from coffee drinks, pizza, cookies, scones, macaroons and my daughter picked out a recipe and made Teriyaki chicken for dinner. A lot of times we will think of things to make and be like “oh, we do not have time,” well now we’ve found the time to make or try all kinds of different cooking and baking. She FaceTimed a friend who was guiding her through making macaroons. I’ve always loved to cook and bake, so sharing that with her is fun! I feel like cooking together helps her to learn to cook and cooking is an activity the whole family can benefit from. – Kate Hauter
Hatching Chickens and Starting a Garden
During this stay home with my daughters (16 and 19) it’s been such a change for our family with no sports or school. We decided to do something we have always wanted to do but never had the time. Hatching chickens from eggs and starting a huge vegetable garden. The quarantine made the 21 day wait time for babies go quickly and we even decided to do another round. 🐣 Working together to plan and plant our garden was a big and rewarding task! Loving my time with my girls. – Konni Smith
Play Outside! Embracing your inner child during this stressful time can be so uplifting! Jump-rope, laugh, play, kick the ball around, collect rocks, or just go on walks with your kids! Being outside makes it all better; from taking turns doing tricks on the trampoline with photos-ops to just laying on the grass or on the bow of a boat watching cloud formations… it’s all an innocent diversion to the daily stresses of working/schooling from home and the constant bombardment of news. Enjoy! – Jennifer Wynn
I absolutely enjoy outside time with my son! Since he was an itty-bitty infant being outdoors has been an integral part of our relationship. Outdoor space was what brought us to Washington state and Whidbey Island. I wouldn’t give up my son or my lifestyle here for anything. – Anita Johnston
My littles and I are soaking up the sun while running and playing tennis! We especially enjoyed building a backyard fire pit, roasting marshmallows, and backyard camping together. – Kareena Gonzalez
We have created a challenge for our kids to walk every bit of trail in the Fort Ebey/Kettles Trail system. We downloaded and laminated a map for each of them from the Island County Website (CLICK HERE).
They are planning out the day’s walk, learning to navigate, reading a map, collaborating, and getting physical activity. They are also finding new species of plants and trees on their walks and bringing home samples to ID and glue to our big poster board for us to refer too and quiz the kids on. It might sound serious but it’s actually super fun and has been a neat challenge! – Kristen Stavros
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For those buyers who are actively searching for a home be prepared to follow local, state and the National Association of Realtors offers guidelines for looking at homes safely with tips like:
- Buyers wash their hands or use an alcohol-based sanitizer before entering the home and again after leaving.
- Cover shoes with booties.
- Wear facemasks.
- Clean all surfaces prior to entrance and again after.
- Sellers will hopefully open doors and turn on lights prior to potential buyers entering to reduce the need for them to touch surfaces.
These requirements may stay in effect for some time so if you are ready and willing to buy a home with a trusted professional who has your best interest in mind and are taking the lead on this new eras, approach to home buying then let’s connect so we can help you navigate your move through this uncertain time.
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A New Era in Marketing Your Home
Considering the recent chain of events surrounding the stay at home orders due to COVID19, it is more important than ever to be working with an agent that has a successful online marketing strategy and an effective digital game plan.
Since you are reading this you are already headed in the right direction. Let’s keep going!
Here at Windermere
Not only are our agents equipped with the most up to date tools and resources available but they are the most talented professionals in our industry and backed by the strongest brand in the whole Pacific Northwest.
The Utmost Importance
During the stay at home order, it is of the utmost importance to provide potential viewers with a detailed and thorough view of your home safely online since it is difficult to see in person.
Our agents have always been dedicated to ensuring your home stands out from the rest by providing the highest quality photography and video walkthroughs available. Our agents are well versed in creating maximum online exposure through virtual open houses & tours providing additional focus on the home’s details and answering questions that buyers relocating to the area will have. Windermere agents did this long before COVID-19 and are give Sellers maximum exposure to buyers and maximum safety for the Sellers. Working with a Windermere Whidbey agent means the following:
- Access to the best photographers.
- The know-how and experience to shoot personalized video tours and hold virtual open houses.
- The know-how to market appropriately in COVID-19 times, in a timely fashion, safely, and deliver the greatest exposure.
- The ability to video chat with potential clients.
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Windermere Real Estate Whidbey Island COVID19 Word Search
- Download the #HASHTAGS Word Search by clicking here
- Complete it
- Send a picture of it completed to WhidbeyCommunications@Windermere.com
- Include a note saying if we can use your picture on our social media (share your social profile name if you want to be tagged if you win).
- Be entered to win a $25 gift card to Rock Island Coffee
- Winner will be announced April 27, 2020
Did you know that Windermere Real Estate is one of the only brokerages to have it’s very own in-house economist?
Matthew Gardner is Windermere’s Chief Economist and is responsible for analyzing and interpreting current economic data and the impact it will have on the real estate market. Matthew is a huge asset to the Windermere name and on March 12th Whidbey Island Windermere was lucky enough to have him give a presentation on our local market that was recorded and made available to all. Matthew addressed questions such as the following:
How will COVID19 affect the market?
Does the current oil shock have any effect on real estate?
Are we in the middle of a real estate bubble?
When is the next recession? Will my home value plummet?
Is the housing and income gap still growing?
What’s the market like in MY area?
In the recorded presentation below Matthew gives answers to all of these questions and more with his in-depth and comprehensive review of the current and projected state of the Whidbey Island real estate market. If you have questions after watching the presentation don’t hesitate to give your local Windermere agent a call!
How to Protect Yourself When Listing/Buying During the Coronavirus Epidemic:
A note from our Branch Manager/Co-Owner, Kristen Stavros
There is no doubt the Coronavirus has left us feeling uneasy with numerous unknowns and fear of what-ifs.
To curb those feelings lets discuss some of the things we do know & can control.
1. If you have been thinking about selling your house, NOW IS THE TIME! We are currently experiencing a period of low supply yet high demand, couple this with interest rates still below 4% which means more buying power for buyers and you have a recipe for the perfect time to list!
2. If you are looking to buy a home this is still an excellent time with incredibly low-interest rates.
3. If you have a mortgage, NOW IS THE TIME TO TALK WITH YOUR LENDER ABOUT A REFINANCE or perhaps sell and upgrade. There are a couple different housing markets at play right now. Your Windermere Whidbey agent can counsel you on the right move for your individual goals.
For Those of You Listing or Considering Listing Your House…
Here are some recommendations:
A. Leave all room doors open so Buyers don’t have to touch door handles.
B. Put a dish by the front door or on the kitchen counter for business cards to be left in (so you do not have to touch the cards that Brokers are required to leave behind).
C. Have a bottle of sanitizer at the entrance of your home for visitors to use before they enter your home.
D. After the home is shown, wipe down all door handles inside and out, starting with the front door.
For Buyers and their Agents…
A. Review recommended practices with agent/client before showing.
B. Don’t touch anything unnecessarily, sneeze into a sleeve, wash/sanitize hands before and after, etc.
C. Sanitize hands after handling lockbox and carry anti-microbial wipes.
D. Refrain from placing business cards anywhere a Seller might have to touch them to throw them out.