Matrix News

New Plan Release at Oyhut Bay

Oyhut Bay is the newest vacation resort community on the Washington Coast. Located five miles south of downtown Ocean Shores, we're adjacent to the Oyhut Wildlife Recreation Area and walking distance to quiet, car-free beaches at Damon Point.

Model Home Preview at Crescent Ridge Ranch

Rising above the Columbia River in Crescent Bar, WA, the new model home at The Estates at Crescent Ridge Ranch is now under construction. This Friday, we are hosting the first sneak preview party and you are invited.

Friday, August 5th, 5:30 to 7:30 p.m.

- see the amazing views from this new home

- explore the available floorplans and home sites

- enjoy music, a wine tasting from Beaumont Cellars and hors d'hoeuvres

RSVP: Faye Torgerson, 509.787.5035.

Market News

Many want to move to Seattle, few of us want to leave

By Mike Rosenberg, Seattle Times

Your suspicions have been confirmed: Barely anyone wants to leave Seattle, but plenty of people want to come here, creating a brutal combination for local housing prices, new data shows.

Zillow crunched the numbers and found that 31 percent of Seattle-area residents searching for homes on its site are looking at houses outside the region. That was the ninth-lowest rate of any place in the country.

Seattle becomes No. 1 U.S. market for Chinese homebuyers

By Mike Rosenberg, Seattle Times

A growing wave of money from China and other foreign countries is pouring into the Seattle-area housing market, helping drive home prices even higher. And since July a new tax on international buyers in Vancouver, B.C., long a popular market for home seekers from China, has focused even more global interest here.

Seattle saw more inquiries from mainland-Chinese homebuyers than any other American city in four of the last seven months, according to Juwai.com, China’s biggest real-estate site for buyers looking in North America.