English Hill Listing – 3 Bdrm, 2.25 Bth Two Story Home on a Quiet Cul-De-Sac in Redmond’s sought after community of English Hill

Redmond Listing – $500,000 – Charming English Hill Home in Olde Morrison Place!
17633 NE 129th Pl, Redmond
2300 s.f., 3 bedroom, 2.25 bath two story home nestled in the back of a cul-de-sac on a west facing 7,850 s.f. lot in Olde Morrison Place on English Hill!

For more information and DOZENS of photos go to http://EnglishHillHome.com

Nestled in a quiet cul-de-sac in Olde Morrison on English Hill, sits this charming two story home. The gracious floorplan boasts 2300 s.f. and features 3 bedrooms, 2.25 baths on a private, west facing lot! Many recent updates include – high quality roof, exterior & interior paint, neutral carpets & rear landscaping! Sunken formal living room with vaulted ceilings and French doors to rear deck & yard. Formal dining room with ample windows. Spacious kitchen with serene views overlooking the rear gardens, includes a large breakfast bar, vaulted ceilings, skylights, built-in desk, huge walk-in pantry & attached nook. Large family room with plenty of room to relax features a beautiful brick fireplace and slider to rear deck & yard. Laundry room with sink off kitchen for your convenience. Generously sized powder room on main. Wonderful master suite with double door entry, walk-in-closet, large double vanity with make-up counter & double shower. Two additional bedrooms upstairs are very spacious. The full bath in the hall bath is oversized. Two cozy decks in the rear yard are private & surrounded in greenery – great for relaxing or soaking up the sun! Lush trees and planting beds make for a gardeners paradise! Attached two car garage with storage possibilities above. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

 

For more details on the highly sought after Redmond neighborhood of English Hill visit; http://EnglishHillOnline.com

 

Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Monday Market Update – Eastside Residential

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:

• 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
• 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.
• When measuring the heat of the market, the following rules apply:
• 12 weeks or less = Seller’s Market
• 12-24 weeks = Balanced Market
• 24 or more weeks = Buyer’s Market

Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 42.6 weeks of inventory

Residential Only, NWMLS Area 510 (Mercer Island) = 97.5 weeks of inventory

Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 68.8 weeks of inventory

Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 32.9 weeks of inventory

Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 42.3 weeks of inventory

Residential Only, NWMLS Area 550 (Redmond/Carnation) = 45.5 weeks of inventory

Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 39.1 weeks of inventory

Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 45.1 weeks of inventory

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

Monday’s Market – Eastside Condos

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

Condo Only, NWMLS Area 500 (Bellevue, South of I-90) = 47.8 weeks of inventory

Condo Only, NWMLS Area 510 (Mercer Island) = 50.8 weeks of inventory

Condo Only, NWMLS Area 520 (Bellevue, West of 405) = 45.2 weeks of inventory

Condo Only, NWMLS Area 530 (Bellevue, East of 405) = 25.1 weeks of inventory

Condo Only, NWMLS Area 540 (East of Lake Sammamish) = 27.1 weeks of inventory

Condo Only, NWMLS Area 550 (Redmond/Carnation) = 32.2 weeks of inventory

Condo Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 46.2 weeks of inventory

Condo Only, NWMLS Area 600 (Juanita/Woodinville) = 45.7 weeks of inventory

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

Seattle Real Estate Market – Most Likely To Rebound

Forbes names Seattle as the market most likely to rebound. Here is the article:

Real Estate Markets Most Likely To Rebound
Dorothy Pomerantz 10.29.08, 4:00 PM ET

If you’re a homeowner seeing property values plummet, look to the commercial real estate market for solace. It might tell you which areas will recover fastest–and which will likely remain weak.

The Urban Land Institute recently asked 700 real estate professionals to name the best (and worst) places to invest in commercial real estate in the coming year. Those surveyed included private developers, Realtors and Real Estate Investment Trust executives. Their answers also apply to the residential market, since the single-family-home sector typically follows the economy. As wages go up and there are more jobs, more people can buy homes, pushing prices up.

The best cities in which to invest are those that are considered gateways to international investment, have vital downtowns where people can forgo cars, and don’t have a glut of condos or office space.

These traits landed Seattle the No. 1 spot on the list. No city scored above a 6.15 on a scale of one to nine (one being an abysmal place to invest and nine being excellent).

Seattle is “a diversified market, has a good base of business and is becoming a 24-hour city,” says Stephen Blank, senior resident fellow, finance, of the Urban Land Institute. “It’s going to be in a good position to come back.”

Although the city is suffering from the loss of Washington Mutual and the downsizing of Starbucks, Boeing and Microsoft are still relatively strong. Apartment vacancies are low and there aren’t too many new buildings going up, meaning the market won’t be oversupplied. The same is true in the retail space.

San Francisco comes in second with a 6.12. The City by the Bay learned from the tech crash of 2001 not to overbuild. There is a reasonable supply of office and apartment space, which should limit vacancies. San Francisco’s port is also expected to help the city during the downturn as Americans continue to rely on Asian imports.

Washington, D.C., New York and Los Angeles round out the top five.

Of course, there’s no guarantee that an improved commercial market will lead to an improved home market. However, investors have a better chance of seeing home prices rise in fundamentally strong markets like Seattle than in struggling cities like Detroit.

It landed at the bottom of the list, scoring a 2.24. Detroit has been reliant on the car industry, which is rapidly shrinking. Other businesses are unlikely to fill the void in the next few years, which means the city will be hit hard by further economic struggles.

New Orleans also lands near the bottom with a score of 3.33. The city has been losing businesses to Houston, Dallas and Atlanta since Hurricane Katrina hit in 2005.

The other cities at the bottom of the list–Columbus, Ohio, Milwaukee, Wis., and Cleveland–suffer from dying industries and lack of tourist appeal.

Recent attempts to turn downtown Milwaukee into a thriving 24-hour city haven’t been enough to protect it from the coming downturn. Increasingly picky investors are expected to favor higher-quality port cities over Midwest towns.

And while Columbus has the potential to become a major shipping hub for goods traveling cross-country, that revitalization may have to wait for a stronger economy and a government focused on improving the nation’s roads.

For now, prospects are dim.

Market Update – Eastside Residential

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

Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 44.3 weeks of inventory

Residential Only, NWMLS Area 510 (Mercer Island) = 71.8 weeks of inventory

Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 68.2 weeks of inventory

Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 27.6 weeks of inventory

Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 35.7 weeks of inventory

Residential Only, NWMLS Area 550 (Redmond/Carnation) = 34.7 weeks of inventory

Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 60.1 weeks of inventory

Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 39.9 weeks of inventory

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

Average Price Per Square Foot in Sammamish, Washington

Here is a quick look at the average price per square foot of homes and condos in Sammamish for the last two years.

The chart starts off at $266.33 per square foot in October 2006, then peaks at $280.72 per square foot in April 2007. As of September 2008 the price is $250.54 per square foot.

 

If you would like to more about home price trends in a particular area, feel free to contact me.

Posted By:

Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Average Price Per Square Foot in Bothell, Washington

Here is a quick look at the average price per square foot of homes and condos in Bothell for the last two years.

The chart starts off at $211.20 per square foot in October 2006, then peaks at $219.76 per square foot in June 2007. As of September 2008 the price is $189.45 per square foot.

 

If you would like to more about home price trends in a particular area, feel free to contact me.

Posted By:

Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Average Price Per Square Foot in Bellevue, Washington

Here is a quick look at the average price per square foot of homes and condos in Bellevue for the last two years.

The chart starts off at $315.06 per square foot in October 2006, then peaks at $361.78 per square foot in July 2007. As of September 2008 the price is $300.11 per square foot.

 

If you would like to more about home price trends in a particular area, feel free to contact me.

Posted By:

Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Average Price Per Square Foot in Kirkland, Washington

Here is a quick look at the average price per square foot of homes and condos in Kirkland for the last two years.

The chart starts off at $305.61 per square foot in October 2006, then peaks at $350.38 per square foot in the May 2007. As of September 2008 the price is $294.65 per square foot.

   

If you would like to more about home price trends in a particular area, feel free to contact me.

Posted By:

Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Average Price Per Square Foot in Woodinville, Washington

Here is a quick look at the average price per square foot of homes and condos in Woodinville for the last two years.

The chart starts off at $249.26 per square foot in October 2006. While prices do appear to be trending down… strong sales in September 2008 brought the price is $258.49 per square foot!

 

If you would like to more about home price trends in a particular area, feel free to contact me.

Posted By:

Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com