Sustainable Trends

by Coldwell Banker Evergreen Olympic Realty, Inc. on August 12, 2015

ys7fviwz2dwr_FB_UrbanHomeWith all the good real estate news we are frequently asked whether this run is sustainable. While we wish we could predict the future, it is impossible to know for sure.

What we can say is that there are some fundamental differences between this current trend and the last run-up that resulted in an unprecedented downturn.

First, lenders simply are not giving loans to unqualified buyers. The last run up had easy loans given to people who could not afford them.  That led to an artificial boost in demand, which blasted the market to unsustainable heights. Today, lenders are required to confirm information about a buyer’s ability to pay a loan – obviously a welcomed return to common sense.

Second, last time national builders rushed into the market to meet the bloated demand.  By the time all the new lots and homes came to market, the phoniness of the lending came to light. That left a lot of property for sale and very few buyers. This was the recipe for the crash. Today, builders are nowhere near the pace of creating new communities. That keeps supply in better balance to real demand.

Third, even with the huge improvement in our market over the past three years, price gains this time around have been more in line with reasonable historic patterns. From 2004-2006, gains were 12%, 21% and 12%, respectively. This simply was not sustainable. Prior to that time price gains averaged 5.9% per year. We are now back to that healthier trend.

The big increase in demand today is the result of many homebuyers waiting on the sidelines for years while the market bottomed and confidence in the greater economy resumed. Even with the current record pace of sales, we expect the pent-up demand to take another few years to fully unleash.  After that, we hope to be back to our consistent, not crazy, upward movement.

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Congratulations to Mitch Dietz – Coldwell Banker 30 Under 30

by Coldwell Banker Evergreen Olympic Realty, Inc. on July 8, 2015

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Coldwell Banker Real Estate LLC has announced that Mitch Dietz was named to the Coldwell Banker 30 Under 30. This prestigious list encompasses the top young real estate professionals among the 86,000 Coldwell Banker professionals working in 43 countries around the world. This group of real estate professionals honors the heritage of founders, Colbert Coldwell and later Arthur Banker, who started their company at 24 and 28 years old, respectively.

Mitch, 27, was honored for his use of mobile technology along with his friendly attitude and genuine concern for people. He is also active with several local charities and organizations and uses that time as an opportunity to be a representative of Coldwell Banker. Mitch has been affiliated with Coldwell Banker Evergreen Olympic Realty since 2010.

The Coldwell Banker organization will honor Mitch at their international Generation Blue Experience in Chicago, Illnois on September 16-18.

“This is a monumental achievement for Mitch and we could not be more proud of him,” said Ken Anderson, President/Owner of Coldwell Banker Evergreen Olympic Realty. “He has been a shining star in our company for over 5 years and is so deserving of this incredible Coldwell Banker honor. To think he stands apart from thousands and thousands of tremendous real estate professionals in the entire Coldwell Banker brand is staggering. The future is bright for him.”

“Narrowing the list of talented professionals to decide on the 30-under-30 was an incredibly challenging, yet rewarding, experience,” said Budge Huskey, president and chief executive officer of Coldwell Banker Real Estate LLC. “The remarkable achievements exhibited by these outstanding young entrepreneurs is nothing short of amazing. They serve as a shining example of what’s possible in our business at any age with the winning combination of talent and commitment. Their activities, both in real estate as well as within their companies and local communities, serve as examples for all and I am so proud they represent the future of the great Coldwell Banker brand.”

Great work and congratulations Mitch!

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Inspirational Educator Award Winner – Sarah Violette

June 6, 2015

(Pictured left to right, Jamie Gibeau – Marketing Director with Coldwell Banker, Norma Schuiteman with The Community Foundation, Bella Hood, Sarah Violette, contest judge John Dodge with The Olympian, Ken Anderson – President/Owner of Coldwell Banker) We are thrilled to announce our first Inspirational Educator Award winner, Sarah Violette. Sarah is a 10th grade English […]

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First Place Scholarship Winner – Bella Hood

June 4, 2015

(Bella Hood pictured here with her mother Toni Hood)     Congratulations to Bella Hood, the first place winner in our 5th annual What Makes a House a Home scholarship contest. Bella wrote a great essay about her home, The Small White House with The Blue Door. Through her words, she invited to see beyond the blue door […]

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Second Place Scholarship Winner – Aundrea Temple

June 3, 2015

(Aundrea Temple pictured here with her father Ron Temple) Congratulations to Aundrea Temple, the second place winner in our 5th annual What Makes a House a Home scholarship contest. Aundrea wrote a great essay sharing that home resides in your soul. Her essay, Home is Where the Soul Is, makes you want an invitation to […]

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Third Place Scholarship Winner – Julia Holder

June 2, 2015

(Julia Holder pictured here with her parents Keith and Laura Holder)     Congratulations to Julia Holder, the third place winner in our 5th annual What Makes a House a Home scholarship contest. Julia wrote a wonderful essay about her life in a musically talented home. Her essay, Symphony of Sounds, gives you a glimpse into […]

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2015 Scholarship Essay Winners

May 22, 2015

The panel of community judges have announced the winners of our 2015 What Makes a House a Home scholarship contest. Congratulations to the following students:                         Photos of the winners along with their essays will be posted in the next few days. Also, please […]

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Top 10 Finalists Announced

May 20, 2015

Our independent panel of judges have announced the Top 10 Finalists. Congratulations to the these students. Three of these essayists will be the 2015 recipients of the What Makes a House a Home scholarships. Over the week, a local judging panel will convene and choose the three winning essays.  Winners will be announced on Friday, […]

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Scholarship Essay Contest in Voting Phase

May 13, 2015

    We received 50 wonderful entries into our 5th annual “What Makes a House a Home” scholarship essay contest.  We are now in our voting phase of the contest (through Friday, May 15th.) To read the essays and vote for your favorites, visit www.coldwellbankerolympia.com/essay-contest. We will announce the Top 10 Finalists on Monday, May […]

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Annual Scholarship Contest

May 1, 2015

It’s that time of year again! Our annual “What Makes a House a Home” scholarship contest is about to begin it’s 5th year. All essays can be submitted by clicking on the image above or at: coldwellbankerolympia.com/essay-contest now through Sunday, May 10th. We are excited to share a new component to the contest. This year we have added […]

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