Sammamish Listing
By: Tony Meier
Terrific townhome in Highland Parc. In fantastic condition, it features 3 bedrooms, 2.25 baths, 1389 s.f. with a two car garage and a lush greenbelt to the front!
381 227th Lane NE, Sammamish WA 98074 – Just Reduced to $345,000
Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com
Redmond Listing
By: Tony Meier
Wonderful multi-level home in The Meadows. Completely updated, it features 2 bedrooms, 2.25 baths, Den, 1690 s.f. on a lushly landscaped 7000 s.f. lot backing to a greenbelt!
6012 158th Way NE, Redmond WA 98052 – $475,000
Wonderful multi-level home in The Meadows! Completely remodeled & updated with energy efficiency in mind, the home features 2 bedrooms, 2.25 baths, 1690 s.f. on a lushly landscaped 7,000 s.f lot backing to a greenbelt. Skylights, vaulted ceilings, bamboo & oak floors – give the home an open & airy feel. Elegant living & dining room with a wall of windows overlooking greenbelt, gas fireplace, Italian tile mantel & slider to deck. Gourmet kitchen with Italian tile counters, new cabinets & appliances – including a wine cooler! Attached nook has a full wall of storage cabinets & slider to the rear deck too. The loft provides a light-drenched space for an office or guest area with a futon. Wonderful master bedroom with walk-in closet & door to private deck & yard. The gorgeous master bath is a lush retreat with marble double vanity, slate floors, bidet & shower over tub. The guest room is also spacious with a double closet. Main bath off the hall is also updated. Spacious laundry room – washer & dryer included! Unusual for The Meadows, the yard is fully fenced & backs to a greenbelt for a very private setting. You’ll enjoy entertaining on the deck or gardening in the lush beds that surround the home. Neighborhood dues cover front & rear mowing, use of the pool, cabana & play area. Outstanding Lake Washington schools. Approximately 1.2 miles to Microsoft’s main campus. Enjoy easy access by trail to Downtown Redmond – Parks, Shopping & Fine Dining.
Full details at http://HomeInRedmond.com
Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com
Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor
This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind:
1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@eastsidehomes.com
2. These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.
3. When measuring the heat of the market, the following rules apply:
a. 12 weeks or less = Seller’s Market
b. 12-24 weeks = Balanced Market
c. 24 or more weeks = Buyer’s Market
We’ll it looks like the condo market is generally favoring the buyer at this point. Most areas showed slowing as comnpared to 4 weeks ago.
Condo Only, NWMLS Area 500 (Bellevue, South of I-90) = 30.8 weeks of inventory (was 27.2 four weeks ago)
Condo Only, NWMLS Area 510 (Mercer Island) = 22.3 weeks of inventory (was 21.7 four weeks ago)
Condo Only, NWMLS Area 520 (Bellevue, West of 405) = 57.8 weeks of inventory (was 30.9 four weeks ago)
Condo Only, NWMLS Area 530 (Bellevue, East of 405) = 27.7 weeks of inventory (was 28.3 four weeks ago)
Condo Only, NWMLS Area 540 (East of Lake Sammamish) = 32.0 weeks of inventory (was 33.7 four weeks ago)
Condo Only, NWMLS Area 550 (Redmond/Carnation) = 33.3 weeks of inventory (was 22.9 four weeks ago)
Condo Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 33.9 weeks of inventory (was 30 four weeks ago)
Condo Only, NWMLS Area 600 (Juanita/Woodinville) = 40.4 weeks of inventory (was 36.9 four weeks ago)
If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com
Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com
Looking for a” bang up” time this 4th? Check out these great events!
EASTSIDE
Bellevue Family 4th
Bellevue Downtown Park
4:30 pm – C-17 Flyover from McChord AFB
6 pm – Live bands begin playing
9:30 pm – Bellevue Philharmonic performance
10:05 pm – Fireworks Display begins
www.bellevuedowntown.org
Bothell’s Freedom Festival
Throughout Bothell
8 am – Pancake Breakfast, Downtown Fire House
11 am – Children’s Parade, Main Street
12noon – Forth of July Parade, Main Street
2 pm – Battle of Concord Re-enactment, Landing
www.bellevuedowntown.org
Issaquah’s Down Home 4th of July
Celebration & Heritage Festival
The Depot
11 am – Heritage Festival begins
11 am – Kids, Pets ‘N Pride Parade
www.ci.issquah.wa.us
Celebrate Kirkland
Downtown & waterfront
12noon – Fourth of July Parade & Rotary Picnic
10 pm – Fireworks, downtown waterfront parks
www.explorekirkland.com
Monroe’s Demolition Derby & Fireworks
Evergreen Speedway
12noon – Speedway Opens
Dusk – Fireworks display
www.evergreenspeedway.net
Renton’s Fabulous Fourth of July
Coulon Beach Park
12noon – Festivities: kids’ activities, games, face painting
1pm – Stage entertainment begins
10pm – Fireworks display
www.rentonwa.gov
Woodinville Bluesfest
Wilmont Gateway Park
5 pm – Festivities: food, live music, arts, crafts
www.ci.woodinville.wa.us
SEATTLE AREA
4th of Jul-Ivar’s Extravaganza
10pm-ish – Fireworks display over Elliott Bay
www.ivars.net
WaMu Family 4th at Lake Union
Gas Works Park
Noon – Festivities: food, crafts, games, kids’
activities
10pm – Fireworks display over Lake Union
www.wamufamily4th.org
Fourth of July Annual Dinner Cruise
Argosy Cruises, Pier 56, Seattle Waterfront
8pm – Cruise sets sail around Elliott Bay and Puget Sound. Cruise ends at 11pm.
www.argosycruises.com
Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com
Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor
This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind:
1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@eastsidehomes.com
2. These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.
3. When measuring the heat of the market, the following rules apply:
a. 12 weeks or less = Seller’s Market
b. 12-24 weeks = Balanced Market
c. 24 or more weeks = Buyer’s Market
Another mixed bag this week, with only slight declines or improvements. It does appear that inventory is continuing to build, with most areas showing 40+ weeks of inventory now. We usually build inventory as we move toward summer and it looks like this year will be no different!
Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 42 weeks of inventory (was 41 four weeks ago)
Residential Only, NWMLS Area 510 (Mercer Island) = 42.5 weeks of inventory (was 32.7 four weeks ago)
Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 56.4 weeks of inventory (was 57.4 four weeks ago)
Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 29.2 weeks of inventory (was 26.7 four weeks ago)
Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 34.5 weeks of inventory (was 32 four weeks ago)
Residential Only, NWMLS Area 550 (Redmond/Carnation) = 28 weeks of inventory (was 30.7 four weeks ago)
Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 46.9 weeks of inventory (was 63.5 four weeks ago)
Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 42.7 weeks of inventory (was 39.9 four weeks ago)
If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com
Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com
Here is this week’s installment featuring the pathetic photographic skills of my colleagues here in the Northwest.
I wish I could say I had to look hard to find these photos, but unfortunately I don’t. Here are this weeks gems. Notice the nice dark spot on the floor where the built in flash was obstructed by the lens… and of course no tripod!
This home is on the Eastside. The average commission for a home in this area and price range would be about $50,000. I would be embarrassed to put this quality of photos on $200,000 condo, let alone a home with a value approaching one million dollars!
Sellers – Before you list with an agent make sure they can prove to you that they can use a camera with skill or will hire a professional photographer who can. If they can’t do either, then find another agent. Your home deserves it best chance of selling in the market and high quality photos is the way to start!
Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com
I brought this home to market on April 3rd 2008 for $750,000. By April 17th, we had received multiple offers and the home sold for $760,000! This was great news of course, but my client’s referrence was the best part!
“Tony is by far the best real estate agent I have ever worked with. I first met him by recommendation when moving to Redmond in 1998. He was our agent when buying in a sellers market and helped me find a home in a reasonable time.
Now in 2008 we are moving to the East Coast and in a buyers market. Tony again helped us market our home and sell it in 13 days. We have been more than satisfied with the results. Tony has always been very professional and a joy to work with. He clearly understands the market and buying and selling process, and communicates very well. Tony gets my highest recommendation.”
Bob (and Martha) Cottingham
This is why I have been in the business for the last 19+ years! Not just to sell homes, but to build advocates for my business!
If I can help you or someone you care about with a real estate need, please give me a call at 425-466-1000.
Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com
Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor
This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind:
1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@eastsidehomes.com
2. These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.
3. When measuring the heat of the market, the following rules apply:
a. 12 weeks or less = Seller’s Market
b. 12-24 weeks = Balanced Market
c. 24 or more weeks = Buyer’s Market
Area 710 remains the bright spot on this chart with lots of movement in the under 300k range. Area 140 is off across the board and has 110 weeks of inventory in the 300-399k range. Should be some opportunities there!
Condo Only, NWMLS Area 140 (West Seattle) = 43.1 weeks of inventory (was 28.2 four weeks ago)
Condo Only, NWMLS Area 380 (Central Seattle) = 25.4 weeks of inventory (was 23.2 four weeks ago)
Condo Only, NWMLS Area 385 (SODO/Beacon Hill) = 22 weeks of inventory (was 29.5 four weeks ago)
Condo Only, NWMLS Area 390 (Central Seattle) = 29.8 weeks of inventory (was 33.5 four weeks ago)
Condo Only, NWMLS Area 700 (Queen Anne/Magnolia) = 39.4 weeks of inventory (was 30.3 four weeks ago)
Condo Only, NWMLS Area 701 (Belltown, Downtown) = 36.6 weeks of inventory (was 31.2 four weeks ago)
Condo Only, NWMLS Area 705 (Ballard/Greenlake) = 28.6 weeks of inventory (was 32.4 four weeks ago)
Condo Only, NWMLS Area 710 (North Seattle) = 16.4 weeks of inventory (was 17.9 four weeks ago)
Condo Only, NWMLS Area 715 (Richmond Beach) = 30.1 weeks of inventory (was 25.8 four weeks ago)
Condo Only, NWMLS Area 720 (Lake Forest Park) = 40.4 weeks of inventory (was 34.8 four weeks ago)
If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com
Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com
Here is this week’s installment featuring the pathetic photographic skills of my colleagues here in the Northwest.
I am frequently asked what equipment I use to take photograph the homes I sell. I am a Canon shooter. I have invested several thousand in a good camera body, wide angle lens, several flash units and software to process the photos – which makes sure the homes I sell are shown in their best light. I also have 20 years experience as a Full-time Realtor with hundreds of hours behind a camera pointed at my listings.
I have always had good equipment, and to an even greater extent today. One thing I have not done without for over a decade, can be obtained cheaply (as little as $20) and requires no specific skill to use, but can make a dramatic impact on how a home appears. Unfortunately most agents still do not use one!
Let’s look at this week’s photos to see if you can guess what I am talking about:
If you guessed a tripod, you are RIGHT! This item allows you to present the room accurately without giving the viewer the feeling they about to fall on their face! Here is a dining room shot on a home I just sold.
See what I mean? The photo is level with no converging lines and is much more pleasing as a result!
Sellers: This market is challenging enough! The single greatest thing an agent can to do make the marketing on your home shine, is to provide high quality photographs of your home!
My sales track record is way above the average agent in my area and good photos is just one of the reasons why. If you would like your home to marketed in a highly skilled and professional manner so you can reap the benefits thereof, I welcome you to contact me at 425-466-1000.
If you’re an agent reading this… and you would like to learn how to take better photos, check out http://photographyforrealestate.net/ Better yet, hire my friend Scott Chytil at: http://www.chytilphoto.com/
If you would like to see what tripod I use it is here: http://www.bhphotovideo.com/c/product/490675-REG/Bogen_Manfrotto_756XB_756XB_MDeVe_Aluminum_Tripod.html
and the tripod head is here: http://www.bhphotovideo.com/c/product/124665-REG/Bogen_Manfrotto_410_410_Mini_Geared_Head.html
Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com
The median price for residential homes in King County continues to hold steady! In spite of “supply vs. demand” that favors a buyer in most areas and price ranges, the median price has shown modest gains this year. Here is a break down month by month:
|
Month |
2008 – Year to date |
2007 – Year to date |
|
|
|
|
|
January |
$435,000 |
$429,495 |
|
February |
$430,000 |
$429,925 |
|
March |
$435,000 |
$439,900 |
|
April |
$439,000 |
$448,555 |
|
May |
$439,183 |
$450,000 |
This chart clearly shows we have lost some of the appreciation gained in 2007, which ended with a YTD (year to date) median price of $455,000. However the prices have not continued to drop in 2008, in fact they show a gain of almost one percent.
A one percent gain does not sound amazing when you look at the double digit gains we had in 2004 to 2006! But, it is very impressive when you consider the supply vs. demand ratio we have had for the last 8 months. This ratio has averaged 7 months of inventory for the last eight months with little movement in either direction. At these levels… the buyer is favored in negotiations, but the median prices are holding steady. It is notable… the buyer is likely getting a larger home for their dollar this year as compared to last. Unfortunately, the MLS does not track price per square foot in its statistics, but the CMA’s (comparable market analysis) I have done this year would validate this point.
So does this mean the King County real estate market has reached its’ bottom? I am not that bold to make such a proclamation! However, I can confidently say that the sky is not falling as some would have you believe.
There is an old saying… “You will know when the bottom has come when it has passed”. This is very true and if buyers are sitting on the sidelines waiting for the bottom to come (and go) they may not have much longer to wait.
Note: The numbers above are represent all of King County. Each area and price range is at a different level of activity. If you would like to know how things are going in your specific area, I welcome you to contact me.
Posted By:
Tony Meier
Eastside and Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com
