Mike Coverdale

westportmike@windermere.com / (360) 581-3399

CNN Money report on national vacation home trends.

Around the country values rose sharply in 2nd home market however here on the South Beach most categories of property remained stable and low due to the small market and relatively undiscovered beach. Take advantage of the future rising trend by purchasing beforehand…   To read the report CLICK HERE

Posted on April 7, 2014 at 6:28 am
Mike Coverdale | Category: Beach Notes, Real Estate, WestportMike

National Inventory Growth Suggests Strong Spring Market

This recent report from Inmon News indicates many markets are growing in both volume and price. California leads the way in this recovery with values up considerably as compared to this time last year. On the coast of Washington the market lags behind the national trend typically by 12-18 months meaning values are still low with better chance of appreciation in the near future.

To read the full story CLICK HERE

Posted on March 19, 2014 at 6:33 am
Mike Coverdale | Category: Beach Notes, Real Estate, WestportMike

Rent Versus Buy – Trulia Report vie Forbes Magazine

Each six month Trulia breaks down the cost of housing across the US to estimate the value in owning as opposed to renting in various markets. This short article is very interesting.  CLICK HERE

Posted on March 7, 2014 at 6:39 am
Mike Coverdale | Category: Beach Notes, Real Estate, WestportMike

January Real Estate Stats as reported by New York Times

Washington is one of the states where home prices have returned to within 10% of peak 2006 pricing. That is largely driven by the metropolitan areas of the state. On the coast values have lagged which is typical of the pattern between urban and recreational areas. Look for the coastal market to respond later this year and in 2015. To read the article CLICK HERE.

Posted on March 5, 2014 at 6:14 am
Mike Coverdale | Category: Beach Notes, Real Estate, WestportMike

2014 CBS Money Watch Interview on the Market Trend

Locally our market continues to strengthen from the improved 2013 cycle. Supply is still fair although getting more difficult to find specific types of property. This short interview covers market trends in the national real estate scene. Take a moment to check it out.  CLICK HERE

Posted on February 15, 2014 at 7:04 am
Mike Coverdale | Category: Beach Notes, Real Estate, WestportMike

Excellent Article on Home Selling Advice

This post on Active Rain hits the nail on the head when it comes to selling a home. Great advice presented well. Take a moment to read by clicking HERE.  preparing to put the best foot forward for your home makes a world of difference in the result!

Posted on January 23, 2014 at 4:23 pm
Mike Coverdale | Category: Beach Notes, Real Estate, WestportMike

2012 to 2014 – Turning the corner!

Real estate values around the Pacific Northwest have turned the corner and in 2013 our little corner of the market began recovering as well. Average residential sales prices rose 5% from 2012 values and there was a 20% increase in number of properties sold! The local condominium market posted a 10% increase in number of units sold and a 38% increase in average sales price for a 2 bdrm condominium at Westport by the Sea! The sluggish land market of 2012 rebounded with a 27% increase in number of lots sold and a 30% increase in average sales price.

The reasons for the quick turn around are largely due to the artificially low prices our market was driven to in the latter part of last decade and the relatively low supply of available properties in our market. As demand has returned the limited supply has facilitated a quicker rise toward what would be a "normal" market value for beach property.  We are still not there yet… which means the time is right to consider making a purchase on the coast.  Contact one of the knowledgeable professionals at Windermere Real Estate Westport to find out more!

Posted on January 9, 2014 at 12:56 pm
Mike Coverdale | Category: Beach Notes, Real Estate, WestportMike

The 3 Top Reasons for Buying Real Estate Now

A recent article from Bill Ryan and RISMedia sums up what I feel are the key points in this market cycle.

CLICK HERE

Posted on July 16, 2013 at 6:10 am
Mike Coverdale | Category: Real Estate, WestportMike

More encouraging news from the national real estate front….

Steven Perlberg from "Business Insider" reports that inventory is down and markets continue to rise. Check out the full story  CLICK HERE

Posted on June 4, 2013 at 1:17 pm
Mike Coverdale | Category: Beach Notes, Real Estate, WestportMike

4 Ways to Take Advantage of Today’s Mortgage Rates Before They’re Gone

The information in this blog from Amber Nelson is worth considering. To read CLICK HERE

Posted on May 21, 2013 at 4:16 pm
Mike Coverdale | Category: Beach Notes, Real Estate, WestportMike