Eastside Market Review

(425) 681-6569 | tstaples@windermere.com

T h e C a r e Y o u W a n t . . . T h e E x p e r ti s e Y o u N e e d

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common

sense, paid for in full, and managed with reasonable care, it is about the safest invest-

ment in the world.” -Franklin D. Roosevelt

2015 O v e r v i ew a nd 20 16 Fo r e c a s t

A look back at 2015 for the Eastside

Lending standards remained stringent.

Interest rates rose moderately.

Seattle’s Eastside (Bellevue, Issaquah, Redmond, Kirkland)

appreciated 11% - more in certain areas.

Rents rose faster than home prices.

Home prices hit new highs; inventory hit new lows.

Greatest sellers market in recent history, frustrating for buyers.

Competition among buyers was fierce at every price point,

including luxury homes.

Strong technology sector helped boost demand.

Multiple offers were the norm, and cash sales were common.

1,484 single-family homes sold for at least $1 million.

Demand largely driven by schools, lifestyle and commute times.

Looking ahead to 2016 for the Eastside

Eastside market competition will remain very strong.

Experts predict continued price growth, but at a more moderate

level.

Interest rates will come up a bit this year, but not much (still under

5% by year end).

Positive equity will lead to more listings; however, supply will

continue to be an issue.

Inventory will rise, but not enough to meet demand.

Pricing may be an obstacle in select markets.

Local economy will continue to expand with growth from Amazon,

Boeing, Microsoft, and Starbucks, with Google, Facebook and SpaceX

adding additional economic strength.

Ty l e r ’ s 2 015 H om e S a l e s

Redmond $585,000 Issaquah $715,000 Issaquah $710,000

Bellevue $618,000 Issaquah $535,000 Issaquah $405,000

Issaquah $370,000 Issaquah $363,000 Issaquah $829,000

Sammamish $2,000,000

Sammamish $965,000

Issaquah $464,000

Issaquah $329,000 Seattle $355,000

Maple Valley $367,500

Covington $351,500

Snoqualmie $360,000 Issaquah $455,000 Bellevue $740,000 Issaquah $675,000

Issaquah $650,000 Issaquah $170,000 Issaquah $675,000 Woodinville $585,000

The Eastside is Home

Tyler’s clients attest to his

professionalism and expertise:

“Tyler Staples has been the best realtor we have ev-

er worked with” -Ken & Shari Kenyon

“Tyler is an experienced professional every step of the way. He led us through every aspect of it, and did an excellent job of helping us set the price and prepare everything. We sold our house in 2 hours!”

-Craig & Kathy Anderson

“Tyler went above and beyond a real estate agent by pitching in and helping to get our house ready to

sell.” -Paul and Amy Eberhardt

“This is the third house I have sold and by far was the easiest. Tyler took care of us like family! We didn’t have to worry about anything.”

-Darwin Merrill

“My wife and I interviewed a handful of agents and chose Tyler, mainly because of his experience in residential construction and his understanding of what to look for when touring homes. Tyler's real estate business acumen is highly ethical and I'd put him up against any agent in the market.”

-Tyler and Tracy Litzenberger

“My husband and I were first time homebuyers and Tyler made our experience enjoyable. We were so new to all this but he never made it feel that way. He kept us informed, educated us on the process, and continues to follow up with us. I can’t thank him

enough.” - Michael and Nikki Hartman

“We are currently in the process of purchasing a home with Tyler. He is very responsive and I would highly recommend him to anyone in need of a true professional without the pressure of selling you to

close a deal.” -Drew Bruno

Tyler’s Team

Tyler Staples is an Eastside na-tive, raised in Bellevue. He and his wife and their five kids cur-rently live in Squak Mountain,

Issaquah, an area known for its large lots, tall trees, and proximity to hiking trails, the ski slopes, shopping, and great schools. Tyler joins other Eastside residents who love the pristine beauty and sense of community that

the Eastside offers.

Tyler is keenly aware of how important it is for families, professionals, and even retirees to find the right home in the right neighborhood. His honest and empathetic ap-proach to helping his clients buy and/or sell a home is

simple and straight-forward:

“I just want to serve people.” And his clients discover

quickly that he sticks to his word.

Jessica Kilburn joined Tyler’s team in

2015 as his licensed assistant. Like

Tyler, she is an Eastside native, raised in Sammamish.

Jessica currently lives in Snoqualmie Ridge with her hus-

band and two kids. After working in title insurance for

several years, Jessica moved into real estate. And she

understands all too well why residents and clients love

the Eastside community.