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U.S. Home Prices Rise for Fourth Straight Month

As U.S. home prices continue their monthly gains, more confidence is building that the housing market is stabilizing.  While winter home sales and prices will most likely provide a short dip in statistics, fall sales have been particularly encouraging.

 

October home sales rose over 10% this year, creating a surge in the stock market and further confidence in real estate.  The sales beat the predicted estimate of a 1.4% increase, and was attributed in part to the first time home buyer tax credits. 

 

http://seattletimes.nwsource.com/html/businesstechnology/2010344301_webcaseshiller24.html

Sam DeBord and Brian Wiegand

Seattle Real Estate Brokers

Seattle Homes

SeattleHome.com

(206) 552-8820  

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SEATTLEHOMEoCOM: Updating some of the design on SeattleHome.com. Give me your + / - / suggestions.

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SEATTLEHOMEoCOM: @spencerrascoff Well, at least no one went "tea party" on you. That was a well-behaved panel.

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SEATTLEHOMEoCOM: @spencerrascoff Don't give away all of my secrets! JK, thanks for the kudos. How's my old hometown, San Diego? Enoy the weather.

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Seattle Waterfront Homes Sold, October 2009

There were five true waterfront homes sold in October in Seattle (not including Seattle Houseboats).  From as far south as Rainier Beach to the north end at Matthews Beach, the spanned from $775k to $3 million.  The highlights:

 

Seattle Waterfront Homes
A 4 bed, 3.5 bath Rainier Beach home sold for $774,000.  The 1980s-built home has 50 feet of waterfront and two docks with covered moorage.  Rainier Beach is a great place for more affordable Lake Washington homes.  This large two-story house has 2900 sq ft of space and is perched right up on the lakefront, with great views.

 

In Magnolia, a Puget Sound waterfront home sold for just over $1.1 million.  This is another early '80s home with 3 beds and 2.5 baths.  At 2330 sq ft, it's a good sized home and and has 10,000 sq ft of land.  There are 75 feet of saltwater waterfront, and spectacular views of the Olympic mountains like many Magnolia homes. 

 

Matthews Beach homes offer some of the best waterfront values in the north end of Seattle.  A 3 bed, 2.75 bath, 2900 sq ft home sold for $1.4 million near the end of October.  This is a custom-built home less than a decade old.  2 boat lifts, a covered boat house, and a hot tub grace the Lake Washington shoreline of this compact lot.  The builders did a great job of using every bit of space they could to make the home enjoyable.

 

On Alki Ave, another Puget Sound waterfront home sold in the first week of October.  Most Alki Beach homes are actually on the land-side of Alki Ave, but as you reach the Western tip, this small outcropping enjoys true waterfront living.  This house is a 3-story, narrow home, built in 2006.  It sold for $1.8 million and has 3 beds and 3.25 baths.  At 3000 sq ft, it has plenty of space and an elevator to ease the climb upstairs--beautiful home and location.

 

The final sale was in the Windermere neighborhood.  Sold for $2.5 million, this home is fairly typical for Windermere neighborhood homes.  Built in the mid '70s, it's a sprawling one story home with 3200 square feet of living space.  The lot of 10,000 sq ft isn't particularly big for Windermere, but the Lake Washington waterfront is hard to come by in the neighborhood.  When the market is moving, Windermere neighborhood homes don't last.  This house was on the market for around 5 months, which is typical or even faster than the average waterfront sale right now.

Sam DeBord and Brian Wiegand

Seattle Real Estate Brokers

Seattle Homes

SeattleHome.com

(206) 552-8820  

 

 

Seattle Houseboats and Floating Homes Sold - October 2009

There were 3 sales of Seattle Houseboats and floating homes in October.  These sales run the full spectrum of floating homes and are a good example of the variety.

 

The first sale was a true house boat on the north end of Lake Union.  Located in the Seattle Marina just East of Gasworks park, this 1950s boat is a seafaring vessel docked in a rental slip.  Just down the hill from near-million-dollar Wallingford homes, this houseboat has 1000 sq ft of interior space and sold for just $149,000.  At 2 beds and 2 baths, it's fairly inexpensive living on Lake Union.

 

On the east side of the lake, the floating Eastlake homes are more traditional houses with no intention of floating out to sea.  A small 1 bed, 1 bath bungalow sold for $415,000 as part of an estate sale at the beginning of the month.  This included an owned co-op slip and boat moorage, some of the extra amenities you'll find in the well-managed Eastlake communities.

 

On Roanoke Reef in Eastlake, some of the most spectacular locations and views of Lake Union and Seattle can be found.  One new homeowner just picked up a 1980s built, two story, 3 bedroom floating home for just under $1.3 million. These homes have plenty of room for boat moorage, secure garage parking (on land), and decks on ever level.  At 1900 sq ft, it's a good-sized home and really feels a lot like living in a traditional home most of the time.  There's no better place to catch the fireworks than from your living room on Roanoke Reef.

Sam DeBord and Brian Wiegand

Seattle Real Estate Brokers

Seattle Waterfront Homes

SeattleHome.com

(206) 552-8820  

 

Home Buyer Tax Credit Extended through 2010

Seattle area home buyers can benefit from extended tax credits for first time buyers and move-up home owners.

 

First Time Homebuyers

The current law is extended until April 30, 2010. Buyers have until that date to have a signed purchase agreement. There is an additional 60 day grace period to complete the financing. More first time homebuyers are eligible because the new law raises the annual income limits from $75,000 to $125,000 for singles and from $150,000 to $225,000 for married couples.

 

Current Home Owners

Over 60 percent of current home owners will be eligible for a tax credit of up to $6,500 if they purchase a home by April 30, 2010. These homebuyers must have lived in their home for five consecutive years over the previous eight years to qualify. Qualified homebuyers can get the credit if they purchase a home for $800,000 or less as their primary residence between November 7, 2009 and April 30, 2010. The income limits are the same as the First Time Homebuyer listed above.

Sam DeBord and Brian Wiegand

Seattle Real Estate Brokers

Seattle Homes

SeattleHome.com

(206) 552-8820  

 

[tags seattle homes, seattle real estate]

Just Sold - Everett home, Puget Sound Water Views

Just Sold - A Beautiful Puget Sound View home in S. Everett on Mukilteo Blvd.

 

Congratulations to our new owners, this home is a one-of-a-kind.  With sweeping water views from both the main floor and upstairs, every room is a vacation. 

4 bedrooms, 3 baths, $590,000

Sam DeBord and Brian Wiegand

Seattle Real Estate Brokers

Seattle Waterfront Homes

SeattleHome.com

(206) 552-8820  

Just Sold - Mukilteo Harbour Pointe Home

Just Sold - 10848 53rd Pl W, Mukilteo WA - $420,000

4 bed, 2.5 bath house

 

Congratulations to the new owners!

Sam DeBord and Brian Wiegand

Seattle Real Estate Brokers

Seattle Waterfront Homes

SeattleHome.com

(206) 552-8820  

 

Just Sold - Redmond Waterfront Condo

Just Sold - 2 bedroom, 1.5 bath condo in 60-01 condo complex in Redmond.

$204k, two levels, waterfront on community lake.

 

Congratulations to our new owners!

Sam DeBord and Brian Wiegand

Seattle Real Estate Brokers

Seattle Waterfront Homes

SeattleHome.com

(206) 552-8820  

 

Just Sold - Redmond House, $400k

Just Sold - 13919 NE 70th Pl Redmond, WA 98052

3 bed, 2.5 bath house, $400,000

 

Congratulations to our new owners!

Sam DeBord and Brian Wiegand

Seattle Real Estate Brokers

Seattle Waterfront Homes

SeattleHome.com

(206) 552-8820