Community How “Stay Home, Stay Healthy” Impacts Real Estate On March 28, 2020, Washington State Governor Jay Inslee amended his statewide “Stay Home, Stay Healthy” order to allow certain real estate activities to operate in the coming weeks. It’s important to understand that this change does not mean that real estate is returning to business as usual. Rather, there are protocols that brokers and […]
Community Community Resources during COVID Local Resources and Connections Let’s be All In for supporting local businesses, providing resources for those in need, and keeping our community safe and healthy. The following organizations have compiled links and resources to aid businesses and individuals through the changes caused by the spread of COVID-19.     SHOP LOCAL Local Curbside, Takeout & Delivery Restaurants Facebook Group […]
Market Trends Walla Walla Real Estate Update – February 2020 Walla Walla Valley’s home sales and pending sales experienced annual increases during the month of February despite historically low inventory levels.  Through the first two months of the year, closed home sales were up 18% above last year’s pace and pending sales increased by 23%.  Low interest rates fueled buyer activity. Enough new homes came […]
Market Trends Walla Walla Real Estate Update – January 2020 Homebuyers got a head start over home sellers in the month of January.  January’s real estate activity saw home sales surge 20% above the number of sales that occurred in January of 2019, but the real story was the continued decline in the number of listings.  For the first time in more than 20 years, […]
Market Trends Walla Walla Real Estate Update – 2019 Year End Report Walla Walla Real Estate – 2020 Forecast: So what will 2020 bring?  To help answer that question, here is a summary from Windermere’s Chief Economist, Matthew Gardner:   US Economy:  Despite some concerning signs, the likelihood that we will enter a recession in 2020 has dropped to about 26%.  If we manage to stage off […]
Market Trends Walla Walla Real Estate Update – November 2019 Home sales remained active in November.  With one month left to report, the Walla Walla valley’s 4th quarter’s home sales surged 16% ahead of last year’s 4th quarter and year-to-date home sales have now pulled within 1.5% of last years pace.   Low interest rates and a slight annual increase in listings kept buyers active.  […]
Market Trends Walla Walla Real Estate Update – October 2019 Over the last month, sales, listings, and prices continued to trend upward in the Walla Walla Valley.  October became the 2nd most active home closing month yet this year and brought total annual home sales within 4% of last year’s pace. October also became the 5th month in a row to show annual monthly gains […]
Market Trends Walla Walla Real Estate Update – September 2019 September became the fourth month in a row in the Walla Walla Valley to post year-over-year monthly gains in listing inventory.  With approximately 2.5 months of inventory, Walla Walla’s market is still best categorized as a seller’s market.  However, annual inventory gains indicate the market is moving towards balance.  Should this trend continue, it will […]
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Market Trends Walla Walla Real Estate Update – August 2019 Monthly home sales slowed a bit in the Walla Walla Valley as many focused on back to school activities.  However, both pending sales and the number of homes listed for sale increased.  The number of pending sales – homes under contract but not yet closed – grew 6% over the previous month.  While annual home […]
Market Trends Walla Walla Real Estate Update – July 2019 Sales activity picked up momentum in July and posted the most monthly closings of the year.  Pending sales – homes under contract but not yet closed – increased by 20% indicating that the brisk activity will continue as summer draws to a close. Growing listing inventory and favorable interest rates were contributing factors for the […]
Market Trends Walla Walla Real Estate Update – June 2019 Walla Walla Valley’s pending homes sales continued to increase in June, a positive sign from the month’s minor sales dip. This increase in contract signings mirrored the national trend. Lawrence Yun, National Association of Realtors chief economist, credits lower-than-usual mortgage rates, “Rates of 4 %, and in some cases even lower, have created extremely attractive […]
Market Trends Walla Walla Real Estate Update – May 2019 More sellers listed their homes for sale in May which brought a much-needed boost to the Walla Walla Valley’s listing inventory.  The number of listings grew 14% over the previous month and essentially equaled the number of homes available for sale 12 months ago.  Closed homes sales declined a bit from the previous month but […]
Community Annual Windermere Community Service Day – 2019 Every year since 1984, Windermere associates have dedicated a day of work to complete neighborhood improvement projects as part of Windermere’s Community Service Day. The 2019 Community Service day was held on May 31st. Our office spent the morning working in our community to make things a little brighter for our neighbors by staining benches […]
Market Trends Walla Walla Real Estate Update – April 2019 Walla Walla valley’s real estate market sprung back to life in April. Homes sales surged 52% and listing inventory grew 9% over the previous month. However, given the slow first quarter, year-to-date sales remained 16% behind last years pace and the trend of year-over-year listing declines continued. At month’s end, there were 8% fewer homes […]
Community Annual Windermere Bowling Fundraiser – 2019 Windermere Real Estate / Walla Walla’s 11th Annual Windermere Foundation Bowling Fundraiser event. This year was a record year with $10,000 raised to assist low-income and homeless families throughout the Walla Walla Valley! Thank you to all of our sponsors and participants for making this the best year yet, and for being an integral part […]
Market Trends Walla Walla Real Estate Update – March 2019 Through the first part of the year, there were more buyers on the market than listings in the Walla Walla Valley.  Some buyers delayed their purchase decisions because they were unable to find what they were looking for.  At the first quarter end, both listings and sales had fallen 18% behind last years pace. The […]
Market Trends Walla Walla Real Estate Update – February 2019 Walla Walla’s real estate market experienced an icy month.  Both listings and sales continued to decline and harsh winter conditions are partly to blame.  Many brokers reported that their sellers who wanted to list homes in February were waiting for the snow to melt so they could prepare their homes for market.  In addition, slippery […]
Market Trends Walla Walla Real Estate Update – January 2019 The Walla Walla Valley’s real estate market got off to a slow start this year.  Home closings were 19% below last year’s pace and listing inventory remained historically low.  However, there were some encouraging signs; buyers continued to write contracts during the month and the pipeline of pending sales – homes under contract but not […]
Market Trends Walla Walla Real Estate -2018 Year End Report 2018 finished 2nd best for home sales in the Walla Walla Valley. Despite a slowing 4th quarter, the Walla Walla MLS (WWMLS) reported 807 home sales in 2018 and took ‘second-best year ever’ honors from 2017.  The most active home selling year in WWMLS’s history remains to be 2016 with 838 sales.  Although buyers experienced […]
Market Trends Walla Walla Real Estate Update – November 2018 Despite low inventory, the Walla Walla Valley MLS is poised to have its second most active real estate year ever.  With one month to go, annual homes sales remained 4% ahead of last years pace.  Last year’s sales were second to the number that occurred in 2016.  While sustained listing inventory levels were extremely low […]