Welcome to the May/June 2025 issue of our newsletter!
In this issue, you will find our latest market update, the newest edition of GG Magazine, local events and happenings, a recommended recipe and interesting tidbits in our Etcetera section. For a quick overview, refer to "In This Issue."
You may have noticed the featured photo at the top of our newsletter. It captures scenes from our debut as a host venue for the Mercer Island Art Walk. For more information about upcoming art walks, see Selected Local Events and Happenings. Lastly, this issue includes a July 4th Fireworks section and a July 4th Party playlist in Etcetera for your enjoyment.
Thank you for your continued support of our team! |
| - Market Update
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GG Magazine
- At Home with E&V
- Selected Local Events and Happenings
- July 4th Fireworks
- Etcetera
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A Summer Market with More to Choose From
As we move into the heart of summer, the real estate market across King, Pierce, and Snohomish counties is experiencing a meaningful shift, perhaps the most meaningful since the pandemic. After years of low inventory and fast-paced sales, buyers are now seeing more choices, and sellers are adapting to a calmer, more deliberate market.
Inventory has climbed sharply since early spring. According to the Northwest Multiple Listing Service (NWMLS), active listings across on the NWMLS rose by about 41% year-over-year in May. King County saw an even larger increase of nearly 60%, while Snohomish County rose 64%. Pierce County also posted a strong double-digit gain in inventory. This is the most selection buyers have seen in years and marks a notable departure from the scarcity that defined recent seasons.
While supply has grown, buyer demand is rising more slowly. Homes are still selling, but at a more moderate pace. According to NWMLS data, days on market have increased notably over the past year. In King County, the average time on market rose to 22 days in May, up from 15 a year ago. Snohomish County increased from 14 to 24 days, and Pierce County from 20 to 30 days. As listings spend more time on the market, sellers are adjusting expectations, with pricing strategy and negotiation flexibility becoming more important in attracting qualified buyers.
Mortgage rates remain in the high 6% to 7% range as the Federal Reserve has held its policy rate steady. Buyers seem to be getting used to rates at this level. |
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| Breaking it Down
Buyers may find that this summer offers a welcome balance. With more homes to consider and more time to make decisions, the current market rewards preparation and patience. While interest rates remain elevated, the improved selection and greater negotiating flexibility can help offset borrowing costs.
Sellers who approach the market with realistic pricing, strong presentation, and some flexibility are finding success. Homes that are priced and positioned well are attracting serious buyers, even in a more competitive listing environment. |
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We are here to help you make sense of these changes and prepare for what is ahead. Whether you are thinking of buying, selling, investing or simply planning your next step, we are always happy to connect, whether by phone or in person over coffee or tea! Julie & Robert |
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In the latest issue of GG Magazine, GREEN LIVING, we explore inspiring people, places, and ideas shaping a more beautiful and sustainable world, where timeless design meets conscious living. |
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Inside this refreshing summer edition: |
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Enjoy an exclusive cover story with Trudie Styler and Sting, the creative couple behind a decades-long commitment to ecological living.
- Meet Paola Lenti, the visionary Italian designer transforming outdoor living with her vibrant, environmentally conscious furniture.
- Escape to Finca Cortesin on Spain’s Andalusian coast—an extraordinary retreat near Marbella.
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Embark on a global journey through some of the world’s most fascinating private gardens, including Claude Monet’s water garden in Giverny and the surreal botanical world of Las Pozas in Mexico.
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Call, text or email us for your copy of GG Magazine (in English or Spanish) or explore the digital version at the links below. |
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SELECTED LOCAL EVENTS & HAPPENINGS |
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Read our most recent past newsletters here: |
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Thank you for reading! Julie Fontanez and Robert Laing |
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