Saturday, July 9, 2011

2 Bellevue Waterfront Homes Sold in June

Two Bellevue waterfront homes on opposite ends of the city sold during June.  The first sale was a small, Frank Lloyed Wright-inspired bungalow on West Lake Sammamish, with an expansive 85 foot swath of waterfront.  The property had a slightly quirky parking/entry area, which accounted for its sale price of $1.265 million, much lower than usual for W Lk Samm homes.
The second home was in SW Bellevue, on the Lake Washington shoreline.  The waterfront home was only on the market for two days, with a sale price of $1.27 million.    The cozy lot has 57 feet of lake frontage and a sizable dock.  This was, again, an aggressively-priced home for Bellevue waterfront, leading to its quick sale.
448 W Lake Sammamish Pkwy, Bellevue WA - 2 beds, 1.5 baths, 1610 Sq Ft - $1,265,000
5011 Lakehurst Lane SE, Bellevue WA - 2 beds, 2.5 baths, 2440 Sq Ft - $1,270,000
Current Listings:  Homes For Sale | Condos | Waterfront | Luxury Homes | Bank-Owned 

Sam DeBord - Realtor® | Managing Broker | SeattleHome.com | Coldwell Banker Danforth
Wiegand & DeBord - WD Estates | ph: 206-658-3225 | email: Sam(at)SeattleHome.com
Member NWMLS, N.A.R., WA Realtors, Seattle-King County Realtors
Source: NWMLS Data - This information was not compiled or published by the Northwest Multiple Listing Service
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Thursday, July 7, 2011

Seven Sold Seattle Waterfront Homes

Some significant waterfront homes were sold in Seattle this past month, with a handful garnering some of the top prices for 2011 thusfar.
The less-expensive homes were sold on Fairview in Eastlake (a floating home), on Riviera in Cedar Park and Matthews Beach, and on Rainier Ave in the Lakeridge/Bryn Mawr area.  Leschi had a much stronger-than-usual showing with two multi-million dollar sales on Lakeside, and Denny-Blaine rounded out the sales with one of its stately residences coming in at $3.65 million.
Address City Price Beds Baths Sq Ft
2025 Fairview Ave E #M Seattle $475,000 1 1 625
13190 Riviera Place NE Seattle $780,000 6 2.75 4,270
10652 Riviera Place NE Seattle $870,000 3 1.75 2,000
10884 Rainier Ave S Seattle $945,000 4 1.75 2,524
926 Lakeside Ave S Seattle $2,380,000 3 3 2,980
1104 Lakeside Ave S Seattle $3,485,000 4 4 4,245
218 40th Ave E Seattle $3,650,000 7 4.25 7,990
 
 
Current Listings:  Homes For Sale | Condos | Waterfront | Luxury Homes | Bank-Owned 

Sam DeBord - Realtor® | Managing Broker | SeattleHome.com | Coldwell Banker Danforth
Wiegand & DeBord - WD Estates | ph: 206-658-3225 | email: Sam(at)SeattleHome.com
Member NWMLS, N.A.R., WA Realtors, Seattle-King County Realtors
Source: NWMLS Data - This information was not compiled or published by the Northwest Multiple Listing Service
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Thursday, June 30, 2011

Case-Shiller: Home Prices Rise Over 3 Months, Analysts Discuss

Case-Shiller's widely-watched home price indices came through with their first positive pricing numbers this year, giving some hope that housing markets are stabilizing nationwide.  The 0.7% increase in home prices from March to April is actually based on a 3 month rolling average, which may actually signal that prices have been rising for longer than the one month measurement:
In what Standard & Poor's analysts described as a "welcome shift from recent months," the closely watched S&P/Case-Shiller index showed its strongest positive movement since June of last year with the release of Tuesday's report.
The 20-city composite reading posted a 0.7 percent increase in April versus March. The 10-city composite was up 0.8 percent. (Both figures reflect non-seasonally adjusted measurements, which S&P says is the more reliable indicator when evaluating its index results given current market conditions.)
...
As of April 2011, S&P says average home prices across the United States are back to the levels where they were in the summer of 2003. From the peak of June/July 2006, home prices are down 32 percent.
There are at least some buyers out there taking advantage of such affordability, as evidenced in the latest Case-Shiller numbers, according to Sue Woodard, president of content and publishing at Mortgage Success Source, which provides client acquisition and retention solutions to the mortgage lending industry.
"This report underscores that smart homebuyers are seeing the 'perfect storm' of opportunity and getting ahead of the curve," Woodard said.
"There has not been a time in recent history where we've had such an amazing combination of affordable home prices, low home loan rates, and motivated sellers," she added.
But Woodard cautions that this "perfect storm" isn't expected to last. She says those on the fence about buying a home should make their move while this opportunity is still at hand.
Current Listings:  Homes For Sale | Condos | Waterfront | Luxury Homes | Bank-Owned 

Sam DeBord - Realtor® | Managing Broker | SeattleHome.com | Coldwell Banker Danforth
Wiegand & DeBord - WD Estates | ph: 206-658-3225 | email: Sam(at)SeattleHome.com
Member NWMLS, N.A.R., WA Realtors, Seattle-King County Realtors
Source: NWMLS Data - This information was not compiled or published by the Northwest Multiple Listing Service
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Tuesday, June 21, 2011

Summer Seattle Waterfront Listings Sizzle

It's summertime in Seattle, and the waterfront is the focal point of summer relaxation and celebration.  The waterfront real estate listings have been picking up significantly recently, with the best showing times of the year on the way. King County waterfront statistics:
In the last 30 days, 127 new listings of waterfront homes in King County have been added to the NWMLS.  Of those, 39 were listed for over $1,000,000 and 19 for over $2,000,000.
61 waterfront homes have gone pending in the last 30 days.  Of those, 17 were listed for over $1,000,000 and 10 for over $2,000,000.
48 waterfront homes have sold in the last 30 days.  Of those, 6 sold for over $1 million and 3 for over $2,000,000.
Current Listings:  Homes For Sale | Condos | Waterfront | Luxury Homes | Bank-Owned 

Sam DeBord - Realtor® | Managing Broker | SeattleHome.com | Coldwell Banker Danforth
Wiegand & DeBord - WD Estates | ph: 206-658-3225 | email: Sam(at)SeattleHome.com
Member NWMLS, N.A.R., WA Realtors, Seattle-King County Realtors
Source: NWMLS Data - This information was not compiled or published by the Northwest Multiple Listing Service
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Thursday, June 16, 2011

Wall Street Journal: Why It's Time To Buy

The Wall Street Journal's recent report on the state of the real estate market makes the case that even with current economic conditions, there are enough positive factors in housing to make buying a good prospect.  Interest rates and affordable prices drive the conclusion:
"...there are growing indications that it is a good time to buy. Mortgage rates, which fell to 4.55% for the week ending June 2, according to Freddie Mac, are near 50-year lows. Homes have become more affordable than they have been in years: According to Moody's Analytics, the ratio of home prices to income is now 20.9% lower than the 15-year average through 2010, and 12.5% lower than the 1989-2004 average. A historic glut of homes, meanwhile, has created a buyer's market: There were about 15 million vacant homes in the U.S. last year, according to John Burns Real Estate ConsultingInc.-some 3.1 million more than normal.
Such conditions might not last long. Moody's Analytics predicts that the number of distressed sales will begin to fall in 2013, and that prices will begin to edge upward then. Home building is at a virtual standstill, so the supply overhang isn't likely to get much worse. Meanwhile, demographic indicators such as "household formation"-the number of new households each year-are on the rise, and promise to take a bite out of the glut in coming years.
The upshot: "While we might not see rapid growth in the next couple of years, there are a tremendous number of positive signs that could lead to a rebound," says Anthony Sanders, a real-estate finance professor at George Mason University."

Sam DeBord - Realtor® | Managing Broker | SeattleHome.com | Coldwell Banker Danforth
Wiegand & DeBord - WD Estates | ph: 206-658-3225 | email: Sam(at)SeattleHome.com
Member NWMLS, N.A.R., WA Realtors, Seattle-King County Realtors
Source: NWMLS Data - This information was not compiled or published by the Northwest Multiple Listing Service.
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Friday, June 10, 2011

South Seattle Waterfront Homes: South Seattle Waterfront Real Estate Sales, YTD 2011

Four South Seattle waterfront homes have been sold so far in 2011.  Three of the homes are along Lake Washington waterfront on Rainier Ave S, while the fourth home was in Seward Park.
South Seattle Waterfront Home Sales, YTD 2011
Address City Price Beds Baths Sq Ft
10884 Rainier Ave S Seattle $945,000 4 1.75 2,524
9936 Rainier Ave S Seattle $600,000 3 1.75 2,160
9654 Rainier Ave S Seattle $825,000 3 3 2,620
7936 Seward Park Ave S #A Seattle $900,000 4 2.75 2,680
Current Listings:
Sam DeBord
Realtor® | Managing Broker
SeattleHome.com | Coldwell Banker Danforth
ph: 206-658-3225 | email: sam(at)SeattleHome.com
Member NWMLS, N.A.R., WA Realtors, Seattle-King County Realtors
Source: Individually compiled NWMLS data. The NWMLS did not compile or publish this information.
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Lake Union Waterfront Homes & Houseboats: Real Estate Sales, YTD 2011

Nine Lake Union Waterfront Homes have been sold so far in 2011.  These include lower-priced houseboats on Westlake Ave, mid-priced floating homes on Eastlake and Westlake, and a traditional single family waterfront home on Portage Bay.
Lake Union Waterfront Home Sales, YTD 2011
Address City Price Beds Baths Sq Ft
3130 Portage Bay Place E #A Seattle $532,000 4 3 2,850
2017 Fairview Ave E #N Seattle $580,000 2 1.5 1,100
1203 E Hamlin St Seattle $1,200,000 4 3.5 2,550
2524 Westlake Ave N #Dock1 Seattle $115,000 2 0.75  
2420 Westlake Ave N #11 Seattle $530,000 1 1  
2466 Westlake Ave N #17 Seattle $850,000 2 1  
2401 N Northlake Wy #E1 Seattle $140,000 2 1 600
901 N Northlake Wy Seattle $255,000 1 1  
933 N Northlake Wy #14 Seattle $727,000 2 1.25  
Current Listings:
Sam DeBord
Realtor® | Managing Broker
SeattleHome.com | Coldwell Banker Danforth
ph: 206-658-3225 | email: sam(at)SeattleHome.com
Member NWMLS, N.A.R., WA Realtors, Seattle-King County Realtors
Source: Individually compiled NWMLS data. The NWMLS did not compile or publish this information.
Connect with me:
 
 
 
 
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