Local Market Update – July 2026
Inventory continued to grow across all four of our local market areas in June, creating a more balanced environment than we’ve seen in recent years. Compared to June 2025, home prices softened in each market area, and buyers are benefiting from increased selection and more negotiation power. Well-prepared, competitively priced homes continue to attract strong interest, so seller strategy matters...
Seattle’s first office-to-apartment conversion is now leasing
Ivey on Boren has become the first project completed under Seattle’s Office-to-Residential Conversion program. On June 12, developer Holland Partner Group received a certificate of occupancy for the 44 new apartments converted from three floors of vacant office space, joining the building’s existing 406 luxury units. The city launched the conversion program to address two post-pandemic challen...
Kirkland quietly becomes Google’s new Western Washington hub
After Google closed offices in Seattle and Bellevue last year, its Kirkland headcount jumped 47%. City data shows that Google’s Kirkland workforce rose from 3,449 workers in 2024 to 5,076 in 2025. In recent years, Kirkland has grown to become Google’s largest employment hub in the region. More than half of the roughly 8,000 Seattle-area workers the company employs are based in Kirkland. That�...
1,000+ affordable housing units proposed in Bellevue
Under a proposal submitted to the City of Bellevue, the EverGlen Village master-planned senior living community would bring more than 1,000 affordable apartments to the Wilburton neighborhood. This redevelopment is led by Downtown Action to Save Housing (DASH), the affordable housing affiliate of Bellevue-based nonprofit Transforming Age. EverGlen Village would include five mass timber buildings t...
Giving Back: Community Service Day 2026
Each year, Windermere offices set aside a day to step outside the office and give back to the neighborhoods they call home. From sorting donations and packaging meals to painting walls and pulling weeds, the work looks different office to office, but the goal is the same: building stronger, more connected communities. Here’s what some Seattle and Eastside teams accomplished this year, listed...
Local Market Update – June 2026
As spring draws to a close, our local housing markets continue to show a growing divide. Well-priced, well-prepared homes are selling quickly, and often for at or above asking price, while properties that miss the mark on pricing or presentation are spending more time on the market and seeing price reductions. Buyer activity remains steady despite higher inventory levels, creating a more b...
Sound Transit puts Ballard light rail on hold, pushes other lines forward
Local residents celebrated Sound Transit’s East Link light rail extension across Lake Washington when it opened earlier this year. Since then, the mood has shifted as the long-awaited Ballard line has been put on hold amid significant budgetary constraints. On May 27th, Sound Transit’s governing board voted 14-4 to scale back the Sodo-to-Ballard line to a Sodo-to-Seattle Center line. The decis...
Seattle office market finds footing as tech leasing picks up
While Bellevue has received an outsized share of office leases in recent years, office space tours are rising faster in Seattle than anywhere else in the region, with a year-over-year increase of 20%. Part of this growth is likely due to the tightening availability of quality office space in Bellevue. Although the Bellevue downtown office market carries a vacancy rate of around 25%, much of the Cl...
Nobu’s first U.S. residential project is coming to Bellevue
Nobu, the luxury brand co-founded by actor Robert De Niro and chef Nobu Matsuhisa, has announced it is taking up residence in Downtown Bellevue. The two condominium towers at Avenue Bellevue will be rebranded as Nobu Residences, marking the brand’s first residential opening in the United States. In 2027, the site will also welcome a 10,000-square-foot Nobu restaurant—the first in the Pacific N...