The value of most people’s primary home has gone up significantly in the past few years, giving them more confidence to extend their real estate investment to a second home. Increased net worth from the strong stock market, along with low interest rates, have made buying a second home more feasible. Many baby boomers are shopping for a place to vacation at now, and retire to later.

Thanks to the generosity of donors like you, the Windermere Foundation was able to provide over $410,000 dollars in support during the first quarter of this year to organizations that help low-income and homeless families throughout the Western U.S.

First quarter had 10,269 home sales, which is an annual increase of 16.9%.

This speedometer reflects the state of the region’s housing market using housing inventory, price gains, sales velocities, interest rates, and larger economic factors. As you can see, we are still very clearly in the midst of a seller’s market, and unless we see a significant increase in listings, it will remain that way for the foreseeable future.