Federal Way, WA Real Estate News

  33020 10 Ave SW #L-103 Federal Way, WA 98023 1 bed 1 bath latitude condo for sale West Campus Price : $75,000 Bedrooms : 1 Bathrooms : 1 Square Foot : 644 Community : West Campus County : King Property Type : Condo or Townhouse Year Built : 1995 MLS Number : 399215 1 Bed 1 Bath Latitude Condo For Sale Property Description: 1 Bed 1 Bath Latitude Condo For Sale West Campus Federal Way WA 98023. Centrally located this Latitude Condo will make a wonderful home for you. A full boat of amenities include large open green grounds, out door pool, jacuzzi, sauna, fitness center and a wonderfully equipped party center. This home features a full bath, deep closet, eating bar, wood burning fireplace, full size washer and dryer, patio and garage. Pride of ownership with little maintenance has becom...
Comments 0
By Debi Braulik, Selling Maple Valley to Fife WA Homes For Sale
(www.roundrealestate.com)
Federal Way WA July 2012  home sales   July was a busy month for home sales in Federal Way. 78 home sales closed and there are currently 250 houses under contract (pending sales).   Here are the averages of the Federal Way WA July 2012 home sales-   The average sold price was $218,121. The average original list price was $228,996. The average list price when they received contracts was $220,760. The average days on market / marketing time was 70 days. The sellers received 98.98% of asking price. Average price per square foot was $114.74. The houses were built between 1950 and 2012.    There are currently only 197 single family homes for sale in Federal Way. They range in price from $95,00 to $3,780,000.   If no other homes are put up for sale, based on the current absorption rate, it wo...
Comments 2
By Debi Braulik, Selling Maple Valley to Fife WA Homes For Sale
(www.roundrealestate.com)
Fill the Canoe School Supply Drive Communities in School Federal Way From now until August 17th, 2012 the Federal Way Red Canoe Credit Union is holding a School Suppy Drive that will benefit Communities in Schools Federal Way. What's great about this School Supply Drive is that Red Canoe will match all donations- pound for pound! And they've been doing it since 2007. www.fillthecanoe.com Today when I stopped in there was literally a canoe in the looby that had notebooks, paper, pens, pencils, highlighters, markers, and even a few backpacks in it. I wish I would have thought to take a picture of the canoe instead of just grabbing the flyer. :) If you can't make it to Red Canoe, donations can also be dropped off at the Federal Way Public Schools District Office, St. Francis Hospital, the ...
Comments 0
By Debi Braulik, Selling Maple Valley to Fife WA Homes For Sale
(www.roundrealestate.com)
Federal Way, WA June 2012 monthly home sales stats   In June 2012, 72 home sales closed in June 2012 in Federal Way   Here are the averages of the 72 Federal Way home sales-   The average sold price was $275,946. The median sold price was $225,500. The lowest sold price was $102,000 and the highest sales price was $1,475,000. 55 homes sold priced $299,999 and below. The average days on market for all price brackets was 58 days! Less than 2 months- what a busy market!   There are currently only 200 single family homes for sale in Federal Way. This does not include Federal Way Condos for Sale.   268 homes are currently under contract in Federal Way, WA. If no other homes are put up for sale, based on the current absorption rate, it would take approximately 2.2 months for all the homes to ...
Comments 0
By Debi Braulik, Selling Maple Valley to Fife WA Homes For Sale
(www.roundrealestate.com)
Federal Way, WA May 2012 monthly home sales stats   May 2012 was a good month for home sales in Federal Way. 377 home sales closed in May 2012.   Here are the averages of the 337 Federal Way home sales-   The average sold price was $211,491. The median sold price was $190,000. The lowest sold price was $45,500 and the highest sales price was $805,000. 302 homes sold priced $299,999 and below. The average days on market for all price brackets was 74 days.   There are currently only 201 homes for sale in Federal Way.    261 homes are currently under contract in Federal Way, WA. If no other homes are put up for sale, based on the current absorption rate, it would take approximately 2.2 months for all the homes to be sold in Federal Way.   The peak for Federal Way housing inventory was July...
Comments 2
By Debi Braulik, Selling Maple Valley to Fife WA Homes For Sale
(www.roundrealestate.com)
Twin Lakes (Federal Way) Home For Sale This tri-level home in the Twin Lakes area of Federal Way needs a little bit of TLC and because it does you have the opportunity to buy at a great price.  It has 3 bedrooms, 2 baths, a 2 car garage and was built in 1980. It is FHA insured and can be purchased with an FHA loan with 3.5% down payment. It is being offered at $140,000 via closed bids. The bids are due at 10pm on June 3rd. If there are no offers, then the bids will be to investors and at this price it will cash flow. Call, text or email me if you are interested.
Comments 0
By Ross Kilburn, www.SeattleShortSales.com
(Seattle Short Sales)
This Bank of America Short Sale Case Study for Federal Way, WA, was originally published in the Seattle Short Sales, Inc., blog on May 24, 2012.Property Location: Federal Way, WA - King County1st Lender: Bank of AmericaHardship: This Federal Way homeowner lost his job in July, 2010, as a result of his employer downsizing because of the poor economy. Although he listed his home for sale at a price that would allow him to pay out his mortgage in July, 2011, other similar condos in the area were listed for much lower prices. The only way he could hope to compete with them was by lowering the price, and that would would require a short sale.1st Loan Balance and Arrears: $126,204Sales Price: $83,0001st Deficiency Balance: $53,1041st Settlement: Deficiency waived!Timeline: The home had previo...
Comments 0
By Kendra Todd
(The Kendra Todd Group)
  This lovely 5 Bedroom home for sale in Federal Way, WA has undergone a stunning remodel that left it bright and dazzling and loaded with upgrades! Updated with an artistic eye to your comfort, it is completely move-in ready. Just a few of the fancy features that will knock of your socks at this 5 Bedroom home for sale include expansive marble floors that are radiant heated, a sprinkler system, washer/dryer hookups, an electric panel for a generator and dramatic new lighting throughout.  The multi-storied 5 Bedroom home for sale in Federal Way, WA is nicely situated off the road in a storybook neighborhood full of lush landscaping, well cared for yards and tall, swaying evergreens. In this 5 Bedroom home for sale, enter past an enormous garage off the large driveway through the elegant...
Comments 0
By Debi Braulik, Selling Maple Valley to Fife WA Homes For Sale
(www.roundrealestate.com)
Rising gas prices affect Federal Way home buying power. As we move toward Summer, keep in mind that the rising gas prices will affect your ability to purchase a Federal Way, WA home. How you ask? Read this great explaination from Augie Bae, a loan officer with Landmark Professional Mortgage Company. Imagine how much more buying power has been lost since today's average gas price is $4.03 per gallon in the Federal Way area! I bet those $250,000 Federal Way buyers he references can now only afford $230,000. Rising gas prices - Can that affect a buyer's price range As gas prices tend to rise with the summer months nearing us, have you ever wondered what the difference in buying power a potential home buyer would have?  In the mortgage lending world we don't include a buyer's monthly living...
Comments 0
By Ryan Allie, Creating Your Puget Sound Lifestyle
(Living Puget Sound)
Wondering what the Federal Way WA Real Estate Market Trend is for September 2011 to 2012? Well look no further. We are going to break down what is happening with this local market so you can be an educated buyer or seller. The first set of statistics we are going to share is supply and demand. This is a good indication of what direction the market is moving. The chart below will give you the indication of the amount of homes for sale each month and the amount that have sold.  As you can see the amount of homes coming on the market are decreasing while the amount for sale are increasing. There are 227 fewer homes on the market in September of 2012 than the previous September. With fewer homes on the market it makes it more competitive for buyers to the right home for them. Again, supply ...
Comments 2
By Isaac Weller, MLO 204076
(Alpine Mortgage Planning )
FHA Mortgage Insurance will increase for all case numbers assigned on or after April 1st, 2012. Upfront premiums (UFMIP) will increase by .75 percent to a total of 1.75 percent. Annual mortgage insurance premiums (MIP) "monthly" will increase by .10 percent, to a total of 1.20-1.25 percent depending on the LTV, for loans amounts up to $625,000.00, and by .35 percent for loan amounts above $625,000.00. Make sure your borrowers are still pre approved at these higher premiums, and avoid any last minute surprises. Call me today and I can get your case numbers assigned before the increase takes effect.
Comments 0
By Augie Bae, NMLS MLO#: 203541
(Landmark Professional Mortgage Company - LPMC, NMLS 856735)
As gas prices tend to rise with the summer months nearing us, have you ever wondered what the difference in buying power a potential home buyer would have?  In the mortgage lending world we don't include a buyer's monthly living expenes such as utilities, cost to fill up a tank of gas, food and so forth.  But as a homebuyer does, they take into account every dollar he/she earns and budgets for every dollar. According to AAA - the average price of gas in the state of Washington is currently at $3.64 up .29 cents from a year ago.  If you take that increase in gas price and assume that a married couple that both commute and each has a car, fills up their car once a week and has a 16 gallon gas tank, that would equate to about $40 per month increase in their budge that they were not expecti...
Comments 2
By Phil Leng, Phil Leng - Retired
(Retired)
2011 Market Report Condos for Federal Way, Washington2011 Market Report Condos for Federal Way, WashingtonReal estate was on a lot of peoples minds this last year. Now that the year is over we can report activity, averages and trends in this 2011 Market Report Condos for Federal Way, Washington.Federal Way condo activity was brisk and picking up based on the available information and the experience of the Phil Leng Team. We sold 68 homes this past year, with an average market time of 49 days!However the overall statistics for Federal Way are sobering. Look at this graph. The red bar is the number of houses for sale in any given month. The Green bar is the number of houses sold in any given month. Which of these two categories would you want to be in? The red category, or the green categ...
Comments 1
By Phil Leng, Phil Leng - Retired
(Retired)
2011 Market Report for Federal Way, Washington2011 Market Report for Federal Way, WashingtonFederal Way real estate was the topic of a lot of conversations this last year. Now that the year is over we can report activity, averages and trends in this 2011 Market Report for Federal Way, Washington.I would characterize Federal Way real estate activity as brisk and picking up based on the experience of the Phil Leng Team. We sold 68 homes this past year, with an average market time of 49 days!However the overall statistics for Federal Way are sobering. Look at this graph. The red bar is the number of houses for sale in any given month. The Green bar is the number of houses sold in any given month. Which of these two categories would you want to be in? The red category, or the green category...
Comments 0
By Phil Leng, Phil Leng - Retired
(Retired)
Bold Tacoma Oct 6 to December 7, 2011Bold Tacoma Oct 6 to December 7, 2011The Keller Williams training system called BOLD was held in Federal Way this Fall. Five of my team and eight from our Keller Williams Kirkland office attended.The power of the training is that there is high level instruction. But there is also daily work to do, and accountability both as part of a team of ten, and as part of Bold, to do the things you are supposed to do to achieve the results you want.Here are two of our teams achievement awards. Enjoy the video of the closing day.
Comments 0
By John
(Green City Window and Door)
Window Replacement Federal Way can be one of your home's most attractive features. Window Replacement Federal Way can provide you with convenient ventilation, ease of use, superior natural light, and cleaning convenience not found in older windows. If you have an older home, or inefficient windows you could be throwing up 30% of your heating and cooling dollars out the window, literally. On average, with Window Replacement Federal Way, the owner could expect to recoup approximately 69% upon the sale of the home when replacing their older windows with Window Replacement Federal Way from Green City Window and Door. Green City Window and Door  http://Greencitywindow.com : We are a General Contractor with over 45 years of experience in the building trades specializing in replacing residenti...
Comments 0
By Gabrielle Nemes, 206.300.8421, S King & Pierce County RE Advocate
(RE/MAX Realty South)
First time homebuyers Melanie and Eric are thrilled with their new house! Congratulations to you both; may you have many many years of happiness here. Now crack open that champagne and celebrate!   Thank you for allowing me to be of assistance in your home search and purchase. I was truly honored! And to two of my favorite team members: Marilyn Brown at First American Title & Escrow -- Thank you for coming through at the last minute. This turned into a last minute affair, didn't it? Dave Jagosh -- Nobody does inspections as well as you do them!  
Comments 2
By Julie Booth, Keeping the parties informed of the escrow process
(Fidelity National Title)
The Tournament of Champions competition for the World Championship Sand Sculpting is taking place right here in Federal Way, Washington through September 5th. The tournament takes place outdoors in a large parking lot - the key word being outdoors.  The Pacific Northwest is a pretty rainy area and when I brought my granddaughter, Kayla last year I didn't expect too much as it was raining alot.   It really was amazing how intricate some of these sculptures get!  The rain did take its toll on some but not that bad. This year Kayla & I brought some friends to see what was going on.  The weather was quite different with temperatures in the 80's and I heard concerns that the heat was creating them to dry and crack.  I was again impressed by the art work and imaginations! I should have taken ...
Comments 2
By Steven Cook
(No Longer Processing Mortgages.)
  Sand Sculpting Tour of Champions coming to Federal Way, Washington.  For those who are into sand sculpting BIG time, you will probably want to make your way to Federal Way, Washington between August 18 and September 5, when the Sand  Sculpting Tour of Champions will be held.   They held a world championship last year – but it was later in the year and the proverbial Seattle rain created some problems, leading to this year’s earlier dates. Even with the poor weather nearly 20,000 paid to attend the celebration.  With earlier dates, and hoped for better weather, that number could swell this year.  
Comments 2
By Sandy Wagner, Short Sale Specialist Tacoma, WA, and Gig Harbor,
(RE/MAX Professionals 253.225.8322)
Sandy Wagner | RE/MAX Professionals | (253) 225-8322 28418 16th Ave S #302, Federal Way, WA View Condo in Federal Way, WA 2BR/1+1BA Condo offered at $125,000 Year Built 1979 Sq Footage 876 Bedrooms 2 Bathrooms 1 full, 1 partial Floors 1 Parking Unspecified Lot Size 34,813 sqft HOA/Maint $160 per month DESCRIPTION Spectacular view of the sound and Mt. Rainier in this 2-bedroom, 1.5 bath, 876 sq ft condo. Kitchen has been completely remodeled with granite counters and new cabinets. Open concept living, dining and kitchen. Gas fireplace in living room. Perfect opportunity for the first-time home buyer. This condo is move-in ready!! see additional photos below PROPERTY FEATURES - Fireplace - Living room - Dining room - Dishwasher - Refrigerator - Stove/Oven - Microwave - Granite countertop...
Comments 0